Wednesday, October 17, 2012

Trading strategies in stock market | 18-Oct-2012

1. Nifty: It has broken major support of 5701. But still above many major support levels. So, I do not recommend short selling in Nifty. Take long position only above 5701.

2. State Bank of India: Buy only above 2253. If it breaks support level of 2094, take short position here.

3. Tata Power: It is in bullish mode after it crosses 101.87. Take only long position here with the stop loss of 101.87 for the target of 108.76

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