Sunday, October 14, 2007

TRACK FUTURE MARKET ON 15/10/07

ANSALINFRA : Market showing negative bias, go short if it trades below 272 with stoploss 275.15 for intraday trading and 281.10 for position trading. Set profit target 269 for intraday and 262 for position trading.
HTMTGLOBAL : Market showing strength and IT sector going in tandem, go for momentum trading and buy HTMTGLOBAL future with stoploss 501.85 and set profit target 514.85. If it goes above 515.10, then go for position trading with stoploss 498.10 and set profit target 532.25.
INFOSYSTCH : If IT sector shows strength, go long with stoploss 1898.25 and profit target 1962. If it breaks above 1970, then go for position trading with stoploss 1848.25 and profit target 2000, 2050.
If IT continues negative bias, go short with stoploss 1940.25 and profit target 1903. If breaks below 1900, then go for position trading with stoploss 1971 and profit target 1850.