PERFORMANCE 07-09-2011

PERFORMANCE 07-09-2011
FUTURE CALL :  
HDIL 105.5 - 107.5/110.(HIT ALL TGT)
NIFTY FUTURE @ 5090 -5130
OPTIONS : 
 IBREAL 90 CE  2.25 -3 POSITIONAL 4++
TATA MOTOR 780 CE @ 28 (OPEN TGT 40/50. POSITIONAL SL AT 24)
FREE CALL : SAIL, RENUKA HIT.  HDIL 120 CE @ .90 - 2. (POST TGT - 4++)

PREDICTION 07-09-2011

Nifty open positive, bears standing at 5090-5010. If crosses 5130 then 5200 possible. 
RISKY TRADERS  short or buy Put 5000 near 5000 sl at 5130.


TODAY FREE CALL.  BUY RENUKA , SAIL, IRB, 
RENUKA CALL CA AT 2  SL 1.5  TGT 3/5++


BEARS : POWER STOCKS


BUY ON DIPS RECOMMENDED

OPTION FOR SBI CA 2050, HDIL CA 120 (buy near .90),


WRITERS CAN SELL NIFTY 5200 CA.

PREDICTION 07-09-2011

While the overall strategy remains to sell all rallies to 5150 levels. We are not sure if the NIFTY can manage to post a final rally to 5150. However chances are pretty high that we have formed a significant high @ 5110 and we should again resume a downward/sideways movemen , which can take the NIFTY down to retest the last low of 4720.

NIFTY
PIVOT POINTS
R1-5111 R2-5157 R3-5241
PIVOT-5026
S1-4980 S2-4896 S3-4850

BANKNIFTY
PIVOT POINTS
R1-9781 R2-9904 R3-10112
PIVOT-9572
S1-9449 S2-9241 S3-9118