2010-12-17

Break Out in Infosystech daily chart


Infosystech will reach a new high of 3450

Option lovers

Buy Dec 3400CE@20 to 22 Stop @7 Tgt 30 & 45

Risk 2500 Profit Unlimited

Double Top Formed in Mahindra & Mahindra(M&M) Daily Chart



Double Top Formed in Mahindra & Mahindra(M&M) Daily Chart

Sell Dec Fut M&M @ 735 to 740 Stop@ 760 TGT 700 & 680(Risk lovers only)

Option Lovers

Risk is 1500rs only Profit is 5000 & Unlimted

Buy Dec M&M 680PE @6 to 6.5 Stop @ 2 Tgt 10 & 15 & 25

Cash Buyers for long term

Good Buy M&M @ 640 to 650 Stop below 600 Tgt 700 & 750



Nifty Daily & Weekly Chart



Symmetrical Triangle will Break Upside in Nifty Daily chart

Nifty is Trading with Proper channel lines In Weekly chart With Strong bullish trend

Recommendation of Coming Week

Buy Dec fut Nifty @5935 to 5960 Stp @ 5840 tgt 6018 and 6160

Option Lovers

Buy Dec6000CE@50 to 55 Stop @ 25 tgt 100 & 150
'R'
Buy Dec6100CE@23 to 27 Stop 10 Tgt 60 & 100

Once nifty is Close below 5750 next support @ 5500