Friday, March 5, 2010

5050-5100 CONSOLIDATION BAND, BELOW 5000 TAKE PROFIT, ABOVE 5100 FRESH LONGS

As discussed earlier, the Sensex should halt in the consolidation band and the midcap counters will hog the limelight.

The intermediate trend is intact till 4900 holds and on sustained closing above 5050 Nifty will target 5200.

DIC INDIA got initiated yesterday on crossover of 222 and still looks good. Hold.
Strides Arcolab ( STAR ) has given a breakout and can be bought near 320-322 with a stop loss at 313 for a target of 340-350.

Dena booked was booked at 86 ( Call given last week ).

Have a great trading day,


Regards,
Rahul T.



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Welcome to my blog.The name is Rahul Tawde. I have adopted trading as my profession and have been practicing it for over 2 years.This blog is an attempt to reach out to people in the capital markets who trade for a living.I welcome fellow professional traders to come forth with any suggestions to improve my blog and also to improve our trading.