Nifty trading strategies 14th feb 2012

The Sensex has way to move up another 350 pts after mondays close at 17772.84
with resistance at 18132 and Support levels at 17596 once broken would lead towards 17300

The resistance mark of 18132 is a very crucial level for a turning point in the markets
a break above 18132 will lead the Index towards 18440 and 19120.


The Midcap index is trading above its 200 day moving average which acts as a very strong
resistance point for Midcap stocks,Tte Midcap Index is positive as long as it
holds above the 6260 Mark with targets of 6340 6476 for the week. Supports lie at 6260 and 6153.
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buy gspl above Rs.80 with targets of Rs.92 , SL 79.80 CMP 84.9 (Duration 14 days)
buy escorts above Rs.86.75 with targets of Rs.92 and 100 (Duration 15-20 days)

Nifty Futures and Stock picks!

Nifty Future Trading levels


First Resistance lies at 4931, while Support lies at 4846 following 4800 , once broken will see last support levels at 4757. Above 4931 Targets are 5002/9 and 5036 .
Volumes would increase prior to the budget which is around the corner.

Equities (Delivery)

Tata Chemicals with support at Rs.289 and target Rs.320 and above.
GoldStone Infra SL Rs.24 target Rs.30
Glenmark Pharma SL 252 (Delivery)
Jet Airways SL 463.8 Target 530
Noida Toll (Buy Above Rs.37 , with a target of Rs.46)
HPCL (Buy and Hold)
Wyeth Labs Target 775 and Above.
Cat Technology (Delivery)