0 Weekly Update : 28th Nov to 2nd Dec 2011

Nifty is still weak if it does not hold 4771 on closing basis. If it manages to trade above 4771 then there will be more short covering and We can also see 4854, 5875 as immediate targets. Nifty is also having support at 4640 once if broken there will be more down fall till 4400 (refer Nifty EW diagram).

Positional Long Nifty (Spot) above 4733 for Targets 4771, 4854, 4875, 4915, 5010 stop 4640
Positional Short Nifty (Spot) below 4693 for Targets 4658, 4624, 4557, 4490, 4456 stop 4771

DRreddy Buy above 1565 and sell below 1533
Jindal steel Buy above 501 and sell below 485
JP associate Buy above 62.50 and sell below 60
ONGC Buy above 254 and sell below 248
Sesagoa Buy above 175 and sell below 169
JSWsteel Buy above 571.50 and sell below 549
LICHSGFIN Buy above 214.50 and sell below 209.15


Performance Update : 21st Nov to 25th Nov 2011

21.11.2011 : Short NF Approx 105 Points Profit
22.11.2011 : Short NF Approx 20 Points Profit
23.11.2011 : Short NF Approx 66+ Points profit
24.11.2011 : Long NF Approx 55+ Points Profit and Short NF Approx 55+ Points Profit
25.11.2011 : Long NF Approx 32 Points profit

Bank Nifty sell below 8705 and made low of 8240 (Approx 465 Points Profit)
HCL tech - sell below 400.00 and made low of 372 (Approx 28 Points profit)
Sunpharma - Buy above 502.50 and sell below 491.50 (Not initiated)
Tata motors - sell below 166.00 and made low of 160.15 (Approx 6 Points profit)
HDIL - Sell below 71.00 and made low of 62.65 (Approx 8.35 Points profit)
IBRealest - sell below 63.00 and made low of 59.05 (Approx 3.95 Points profit)
LICHSGFIN - sell below 217.00 and made low of 209.15 (Approx 7.85 Points profit)
RECLTD - Buy above 182.50 and sell below 175.00 (Not initiated)