October 8, 2010

Opening bell Tradology

Bears are back in market ? Not exactly ..!! but yeah .. do not under estimate bear power now. We have closing at 6144 level. Broken 6177 level yesterday . This is not so good sign for bulls. But bulls do not have to fear if we do not close at least 3 days below 6177 level.


Today, we can expect some recovery in last session due to weekend ahead. We should keep eyes on 6144 and 6122 level which will be reacted as Support for intraday . Below 6122 long positions should be cautious. Another side 6177 is still very important level. (We may close at 6177 on friday evening) :)  and above 6177 next psychological resistance level at 6202. Above 6202 if we sustain for 10-15 minutes then bulls will be fearless again . Today we will not see one side bias move in Market which is good for our market. 
Wish you all happy trading . ! We will update our trade regularly on Twitter. Stay with Tradology Team !

Stock watch :
Positive :
Adani power above 138 looking positive , Support  134.8 target resistance 143.8
Negative :
Reliance infra can crack down below 1075 . Support target at 1040 , resistance 1102
  

2 comments:

  1. As we suggested 6122 is the support .. !! Today's low as of now is 6122. This is technical power. Right now Nifty future is at 6138, It seems negative if it breaks this level with volume. Upper resistance at 6166-6177 as of now. Cheers !
    Today our HCC future and cash call was rocking. HCC future lot size is 4000 and it gave almost 8000-8500/- Rs profit in a single lot. Nifty future call also gave fantastic return today. .

    ReplyDelete
  2. Day Tradology(Cash-NSE):
    Sell Relinfra 1080-1082
    #Stoploss@1102
    #Target@1060-1040
    #Hold Time:1 day

    Tradology(Cash)update:
    #Relinfra :Book out RELINFRA NOW AT 1080 ON COST.
    # visit: www.tradology.blogspot.com



    Day Tradology(Cash-NSE):
    Buy HCC 65
    #Stoploss@64
    #Target@66-66.8
    #Hold Time:1 day
    Tradology(Cash)update:

    #HCC:Book out 50% quantity 65.65 & hold 50% with stop loss order at 65(cost)
    # visit: www.tradology.blogspot.com

    Tradology(Cash)update:
    #HCC: Target one is reached. 66.1 now. :)
    # visit: www.tradology.blogspot.com

    Tradology(Cash/Future)update:
    #HCC fut 67.3/HCC cash 67: Target second is reached.
    # visit: www.tradology.blogspot.com

    Join Tradology now!!




    Day Tradology(Stock Future):
    Buy HCC fut 65.4
    #Stoploss@64.5
    #Target@66.5-67.2
    #Hold Time:1 day

    Tradology(Future)update:
    #HCC :Book out 50% quantity 66.1,hold 50% with stop loss order at cost.lot size 4000
    #visit:www.tradology.blogspot.com

    Tradology(future )update:
    #HCC future: Target one is reached. 66.5 now. :)
    # visit: www.tradology.blogspot.com

    Tradology(Cash/Future)update:
    #HCC fut 67.3/HCC cash 67: Target second is reached.
    # visit: www.tradology.blogspot.com
    Join Tradology now!!


    Day tradology Index
    Buy nifty fut 6140
    Sl 6118
    Target 6166-6188
    Tradology(Index) update:
    #NIFTY FUT:Book out 50% quantity 6154-6155 & hold 50% with stop loss order at 6138
    # visit: www.tradology.blogspot.com


    BTST Tradology(Index option):
    Buy Nifty 6100 CALL 144
    #Stoploss@100
    #Target@188-200
    #Hold Time:1 day
    Swing Tradology(Option) :
    #Nifty 6100 CE :Exit now at 137-139.Our cost 144.
    # visit: www.tradology.blogspot.com
    #Time: #time#

    ReplyDelete

Tradology Team would like to receive your comments for the blog post.Thank you in advance for your valuable time and view.

you can join Tradology as channel partner. Contact us now!!

Discuss your view with us on Twitter :
www.twitter.com/tradologyteam