Thursday, 17 November 2011

Nifty Technicals SBIN, LT November17th

SBIN
Buy at / above: 1774.51   Targets: 1784.16 - 1794.74 - 1805.34 - 1815.98  Stoploss : 1764

Sell at / below: 1764   Targets: 1754.39 - 1743.93 - 1733.5 - 1723.11 Stoploss : 1774.51

LARSEN TOUBRO
Buy at / above: 1242.56   Targets: 1250.76 - 1259.61 - 1268.5 - 1277.42 Stoploss : 1233.76
Sell at / below: 1233.76   Targets: 1225.61 - 1216.87 - 1208.16 - 1199.49 Stoploss : 1242.56

Technically both the stocks have now reached an oversold position and will take support at the trendline. 


NIFTY FUTURE TRADING LEVELS
Buy at / above: 5058.76   Targets: 5074.02 - 5091.84 - 5109.69 - 5127.57 Stoploss : 5041
Sell at / below: 5041   Targets: 5025.77 - 5008.06 - 4990.38 - 4972.73 Stoploss : 5058.76

You may see a gap down opening but the markets may recover eventually . We hit a low @4989 which was 50% retracement from the previous high. Trade with strict stoploss and book profits on way. 

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