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Friday, August 26, 2011

September Series - Expect A Consolidation With Amid Volatility

  • September derivative data suggesting supports below 4800
  • One should look for break of these important technical levels
  • Downside watch 4786.If it continuously trades below this level it can test 4675 to 4700 level immediately
  • Upside resistance comes at 4960 as mentioned earlier.Only a sustainability above this level brings positive momentum back.
  • Intra day trading calls :
Tata motors : Buy above 715 , Stop loss - 707 , Target - 728
Tata Power  : Buy above 1048 , Stop loss - 1034 , Target - 1072
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** Tata motors target achieved above 715,Tata power call not triggered as it is not gone above 1048

Best to your trading
Disclaimer : No positions in above stocks