Go short on rallies at 10100 with a stop-loss at 10150"BUY HINDALCO 235 CALL@ 3.3 TGT 4.2/5.4 SL 1.5"
"SELL HDIL FUTURE BELOW 87 TGT 86.40/85.80 SL 88.20"
The Nifty opened at 10050 , made an intraday high of 10112 and and make a low of 10048 and closed at 10102. The outlook is bullish. Resistances are at 10120 and 10145. A fall to 10050 looks likely now. Inability to reverse higher from 10120 can drag the index futures lower to 9,950-9900.
Short-term traders can make use of bounces to go short at 10100. Stop-loss can be placed at 10150 for the target of 9,950. The downside pressure will ease only if the nifty futures manages to rise past 9,580 decisively. But such a strong bounce looks less probable at the moment. The markets ended at fresh closing highs on Monday after the country's biggest lender, State Bank of India rallied, while investors awaited a rate cut by the Reserve Bank of India in its two-day policy meeting which begins on Tuesday.
kudos to u mr mantri...i have traded in both your calls and made good profit...keep it up
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