Nifty Trading Levels for 18-Oct-2011

Date: 18-Oct-2011

Scenario # 1: If Nifty Opens between 5080 & 5125 then trade as below:
Buy Nifty above   : 5148, Target 1: 5163, Target 2: 5182
Short Nifty below :  5059, Cover 1: 5038, Cover 2: 5018

Scenario # 2: If Nifty Opens between 5125 & 5145 then trade as below:
Buy Nifty above   : 5148, Target 1: 5163, Target 2: 5182
Short Nifty below :  5120, Cover 1: 5105, Cover 2: 5085

Scenario # 3: If Nifty Opens between 5060 & 5080 then trade as below:
Buy Nifty above   : 5091, Target 1: 5115, Target 2: 5135
Short Nifty below :  5059, Cover 1: 5038, Cover 2: 5018

Please confirm bullish / bearish sentiments are in your favor before initiating trades. Stop loss will be 35 points from entry.


Stock to watch: Bullish
PETRONET LNG: CMP 160 TGT: 175 SL: 154

Happy Trading