July 29, 2010

TRADING STATEGY OF 29th JULY




 Nifty Fut (5393) - So now 5410 becomes resistance. below this, slide to 5355-5345. but below 5345 real problem starts.. Upside hurdle remain same at 5467.





HDFC -- As per last update on July 27, If  break 2948 tgt 2934 - 2920 - 2880,,today it low 2880 .









 ABAN  -- As per last update on July 26 , If not break and trade below 832, expect upmove starts from here and once clear the 860 hurdle, then move to 912 or even 929-940. But below 832 expect 815 and after that 792.

 
yesterday close  828 & today it low 816 high 908 & close 902 Now what next ? Tgt 912 then expect 929-940-975 very shortly.

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