FRIDAY FURY(11-12-09)

NIFTY MAY REMAIN IN THE RANGE TILL NOON,IF IT IS IN THE UP RANGE DONT TRY TO GO LONG TOO MUCH.IF U R IN NEGLGIBLE PROFITABLE POSITION THEN TRY TO GET OUT.IF IT OPENS DOWN THEN IT MAY GEAR UPTO RESISTANCE LEVEL TILL 5150-64,BUT AFTERNOON MAY PLAY ITS ROLE.SOME OF THE PICS ARE:
(1)JINDAL STEEL:ABV 737 TGT 743-45----BLW 731 TGT 726-24
(2)BHEL:ABV 2298 TGT 2310-14----BLW 2286 TGT 2275-68
 (3)RELIANCE: ABV 1083 TGT 1091-94----BLW 1075 TGT 1068-64
(4)NIFTY FUTURE:ABV 5138 TGT 5153-5164 OR UPTO 5173----BLW 5125 TGT 5103,5091 OR TO SOME EXTENT POSSIBLY 5081.KEEP AN EYE ON PIRAMAL HEALTH ABV418 FOR MOVE UPTO 423-25.WEAK BLW 411.IF MARKET OPEN TOO MUCH OF LOW OR HIGH TRY TO SETTLE IT DOWN THEN BUY AS PER LEVEL.
HAPPY TRADING