Wednesday, February 29, 2012
Nifty/Bank Nifty Levels 29-February-2012
Tomorrow's possible range of Nifty Future: 5340 - 5520
Nifty looks +ve on charts. Another wide spread move is possible in Nifty. Uncovered shorts will be covered tomorrow above 5400. If Nifty opens gap-up above 5400 and sustains above it for first half an hour, then it will be non-stop to 5450. Any minor correction should be bought. Nifty made a good comeback after a big sell off, that suggests this is a buy in dip market.
Tomorrow's possible range of Bank Nifty Future: 10340 - 10750
Tomorrow's possible range of Bank Nifty Future: 10340 - 10750
Bank Nifty made roaring come back.As I told in yesterday's post to buy only. God should save people who shorted the Banks.
Bank Nifty looks very +ve on charts. Buy Banks as much as you can. Another widespread move is expected in Bank Nifty. Any decline should be bought. If Bank nifty open gap up above 10500 and stays above 10500 for half an hour then big move is expected. Even 10850 is also possible. This can be positional target.
Bank Nifty looks very +ve on charts. Buy Banks as much as you can. Another widespread move is expected in Bank Nifty. Any decline should be bought. If Bank nifty open gap up above 10500 and stays above 10500 for half an hour then big move is expected. Even 10850 is also possible. This can be positional target.
Stock Recommendations:
SBI: Buy SBI around 2200-2215 T1 2275 T2 2300 T3 2320 SL below 2194.
As I told SBI bounced from 2120 levels. Positional targets are much higher.
Axis Bank: I hope you enjoyed gains in Axis Bank also. I did mentioned in the yesterdays post that one can buy Axis Bank at current levels. So enjoy the gains. For tomorrow: Buy Axis Bank around 1170-1180 T1 1200 T2 1230 T3 1250 SL below 1150. You can keep you're SL with you're risk apatite. Even one can hold it for positional targets and targets are much higher.
ICICI Bank: Buy ICICIBank around 907-915 T1 930 T2 940 T3 950 SL below 900
As I told SBI bounced from 2120 levels. Positional targets are much higher.
Axis Bank: I hope you enjoyed gains in Axis Bank also. I did mentioned in the yesterdays post that one can buy Axis Bank at current levels. So enjoy the gains. For tomorrow: Buy Axis Bank around 1170-1180 T1 1200 T2 1230 T3 1250 SL below 1150. You can keep you're SL with you're risk apatite. Even one can hold it for positional targets and targets are much higher.
ICICI Bank: Buy ICICIBank around 907-915 T1 930 T2 940 T3 950 SL below 900
Coal India: I hope you enjoyed profits in Coal India.
Buy Coal India around 330 T1 335 T2 340 SL 326
Buy Coal India around 330 T1 335 T2 340 SL 326
Jackpot Call: High Risk High Returns call. Trade as per you're risk appetite.
Buy STC India around 245-250 T1 260 T2 267 SL 235 (This looks +ve on charts and this can be held for positional targets of 300+ also)
One can keep eye on Indiabulls, targets can be 235-240 SL as per you're buying price and risk appetite.
Investment Call: Holding period 2-4 weeks, one can buy HDIL above 115. for the target of 135 and 150. SL below 103
Buy STC India around 245-250 T1 260 T2 267 SL 235 (This looks +ve on charts and this can be held for positional targets of 300+ also)
One can keep eye on Indiabulls, targets can be 235-240 SL as per you're buying price and risk appetite.
Investment Call: Holding period 2-4 weeks, one can buy HDIL above 115. for the target of 135 and 150. SL below 103
Happy Trading :)
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