Intraday calls for 17-9-2013

Markets would remain flat in morning trade. support for nifty at 5816.

If market strengthens Buy ntpc with target of 145,stoploss at 141

Go long on bank scrips if bank nifty showing strength, buy Bob with target of 543 sl at 530,go  long n allahabad bank with target of 83.6

Buy bharat forge with a target of 263 strict sl at 257(if it breaks 263,further upside is seen)

Further calls would be updated during market hours.Trade with a strict SL as there is every possibility for market to slip.

 

By  Haridattha

(About the author: I am an out-an-out technical man, there is a difference, i use technical analysis not for gross speculation but for safe guarding equity holdings as well as for earning regular though small profits from the market on a consistent basis. My main thesis is to be swift and maintain a perfect rationality,market communicates us for every minute but it depends on how well you receive it, if your taegets fail dont sit idle blaming market,as such tha main motto of market is to fool as many as people as it can,so one need to be dare enough to exit at losses if caught on wrong foot and re position yourself according to the flow of the market. This blog would provide technical calls.apart from it main objective is to make technicals dearer to retail participants. Disclaimer: blog contains my personal views and does not bind upon me legally for any guidance provided. one needs to make his own analysis before entering into markets.)

 

Disclaimer: Site does not take responsibility for the calls given by the author. Please invest at your own risk.