Friday, May 20, 2011

Indian Stock Market Daily Outlook

JSWSTEEL - Intraday trading idea 20-MAY-2011


Readers who went long in nifty future today at 5410 will have made a profit of 
2500 rs in two lots of future. Considering the fact that nifty traded in a narrow range of 40 points,
we were able to capture 25 points of that move @jerrytechnicals.




Trading idea for today's trade: JSWSTEEL


Short sell JSWSteel around 940 with stop loss at 951 for targets 929, 922, 915.


Reversal targets: 962, 970.




NEXT




Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss





No comments:

World Markets (delayed)