Tuesday, February 1, 2011

Bears in Full Control

Yesterday,NIFTY(CMP-5505.9) opened at lower level of 5452.55 and further made a low of 5416.65.Lot of events happening around,which are dampening investor's confidence and in turn the sentiments of Equity market.So any rise upto 5550 should be utilized to go short.For tommorow,NIFTY may go upto a level of 5563 on higher-side and 5452 on lower-side,it may even test 5416.65.
1.)SIEMENS (CMP-853.95) - Buy for a target of 884 with STL of 830.
2.)CROMPTON GREAVES (CMP-278.55) - Buy for a target of 286 with a STL of 270.
3.)BHARAT BIJLEE (CMP-999.3) - Sell for a target of 979 with a STL of 1009.


(www.derivativestrategy.blogspot.com)

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