TRADING DAIRY FOR 21/05/2009

20/05/2009
• Market May Run Similarly In High Volatality As Vix Is At 58 And There Is A Huge Gap Which Has To Be Filled But Looking At The Movement It Does Not Seems That Mkt Shall Fill The Gap In This Expiry. Nothing To Say Much As Fii Are Runing The Markets And Suffling The Sectorial Scripts Every Week. So Please Be Carefull In Long And Short Book Profit Every Time When Ever You Fill But Going Long On Dip Shall Be More Profitable. Huge Momentum Is There In Small Cap And Midcap Now.
• The Main Trend Is Up
• Now We Will Have Bigger Range To Play From 3700 - 4000 - 4670
• LEVEL FOR THE DAY

• LEVEL FOR THE DAY

• TECHNICAL OUTLOOK :
• Imp Support 4240, Imp Resistance 4305,
• Likely Trading Range 4205-4335,
• Trade on long Above 4290 and Vice versa

• Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
SOME RECOMENDATION SHORT TERM (SL ARE CLOSING BASIS)
BUY NAGARFERT CMP 32 SL 27 TGT 40-45-50 
         UNITECH CMP 73.1 SL 68    TGT 84 - 98 -112
         RCOM CMP 310 SL 270 TGT 360 - 400
          ISPATIND CMP 19.40 SL 17 TGT 25 - 30