Technical Calls - NSE / BSE .

GVK Power :

This Stock has made a new strong support level at Rs.42 after crossing the Mark once the markets opened today .

Before I explain our trading strategy , I will list a few pivot points for you to take into consideration .

R = Resistance , T = Target , S = support , ( * = 0 to 9 ) , P = Pivot .

R7 50.5*
R6 47.05
R5 46.75
R4 46.09
R3 46.00
R2 44.35
R1 43.00
- - - - - - -
P 42.00
S 42.00
S2 40.95

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Following our pivot levels, ( You can Choose from one of the following Trades, or maybe all of them ).

(1) Buy GVK power above Rs.42 , Hold Till Rs.50.5 ( Short Term (pre - post budget)

(2) Buy GVK power above Rs.42 , Sell at Rs.43

(3) Buy GVK power Above Rs.43 , sell at Rs.44.35

(4) Buy GVK power above Rs.44.35 , sell at 46.09 or 46.00

(5) Buy GVK power above Rs.46.09 , sell at 46.75

(*) Buy GVK power above Rs.46.75 (Qty as many as you can afford to) sell at Rs.50.5

From Rs.46.75 to Rs.50.5 (could only take a few minutes! ) GVK power will shoot up above Rs.46.75

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Power , Infra , Health Care - Pharma , Consumer Goods (FMCG) , are the next stocks which are going to Rise!
get your hands on all power stocks before the budget, Eg. Reliance power .
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Oil is going to Rise again , we have been long on oil stocks after the dip in the prices of oil.
( Long term )
Oil Could will head to $117 USD per barrel .

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Gold Stocks are good picks too , since the prices of Gold are heading towards $1200 again ,
Gold production has stalled.


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