Trading strategies for the 14th Feb 2012

The Sensex has way to move up another 350 pts after mondays close at 17772.84
with resistance at 18132 and Support levels at 17596 once broken would lead towards 17300

The resistance mark of 18132 is a very crucial level for a turning point in the markets
a break above 18132 will lead the Index towards 18440 and 19120.


The Midcap index is trading above its 200 day moving average which acts as a very strong
resistance point for Midcap stocks,Tte Midcap Index is positive as long as it
holds above the 6260 Mark with targets of 6340 6476 for the week. Supports lie at 6260 and 6153.

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buy gspl above Rs.80 with targets of Rs.92 , SL 79.80 CMP 84.9 (Duration 14 days)
buy escorts above Rs.86.75 with targets of Rs.92 and 100 (Duration 15-20 days)

Nifty Prelim Bullish price objective at 6900

Nifty Prelim Bullish Price objective at 6900.

Click here to view Chart (Point and Figure charting)

Stock Tips 6th Febuary 2012

Buy Shree Cement above 2323.95 once above 2323.95 targets are 2350 and 2450(Daily)

Buy century ply with targets of Rs.60 SL 53.80 (BTST)(Intraday)

Buy development credit bank with targets of 48 and 49

Buy VIP industries with targest of 124.9 with stop loss of 96.50 (Weekly)

Buy chambal fertilizers (Intraday)