Flashback
Nifty made a sojourn from first target of long to second target short of short, taking intraday traders on a jaunt.
Readers of the blog would have printed out the almighty dollar in relcapital See what i wrote about capital here
ACC was decimated on the break of 638 as writen on 5th of may
For Monday trading
Bear Level
Short nifty future at retracement level of 3660 with stoploss at 3690 for targets 3610, 3587, 3550, 3520
Bull Level
In the scenario of nifty future crossing 3690 buy nifty future at retracement level of 3665 with 3650 as stoploss for targets 3695, 3715, 3740.
Trouble series continues - ONGC
ONGC is getting resited at a key resitance level.
For monday, short ONGC at retracement level of 910 with stoploss at 925 for targets 890, 875, 865
Unusual trading ranges in Hindustan Zinc
Hindustan Zinc is creating wide trading ranges. In the case of HINDZINC crossing 634 in futures, buy on retracement to 625 with stoploss at 595 for target 710. This is a positional trade and should be done in spot instead of future.
