Profit Tracker Week 08 June 2009 – 12 June 2009

Nifty Outlook 12-June-2009

Flashback

1) Readers who went long at nifty buy level would have got 75 points on upside.

2) Readers who went long in Renuka at 141 (which tantalizingly came to 139.15 which was near stop-loss level) would have booked 10 points

as the stock zoomed to 153.

3) Readers who went long in HDIL would have had the opportunity to book 15 points as the stock zoomed to 281

4) Readers who went long in Bharti Airtel would have the opportunity to book 40 points.

Bull Level

In the scenario of nifty future crossing 4703 buy at retracement to 4685 with stop-loss at 4655 for targets 4715, 4740, 4760, 4800.

Bear Level

In the scenario of nifty future breaking 4580, short at retracement to 4610 with stop-loss at 4637 for targets 4560, 4540, 4530, 4485.

ABAN – Getting support at support

Today ABAN got support at the critical level of 960 and moved up from there. We can expect the momentum to continue tomorrow.

For friday trading, in the scenario of aban crossing 1092, buy on retracement to 1075 with stop-loss at 1040 for targets 1130, 1170, 1210, 1250

Nifty Outlook 10-June-2009

Flashback

Nifty opened at weekly support level and moved up in a straight line.

Bull Level

Buy nifty future at retracement level of 4468 with stoploss at 4443 for targets 4502, 4560, 4610, 4650.

Bear Level

In case of gap up open, short nifty future at 4620 with stoploss at 4652 for targets 4560, 4530, 4502, 4485

HDIL – One Last Dance

Today HDIL took support at key support level. One can expect some follow up tomorrow.

For tomorrow trading,

buy HDIL on retracement to 265 with stoploss at 254 for targets 287, 302, 320