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Monday, December 15, 2008

RELIANCE above 1350 can go up to 1500 in the days ahead. On a decline buy around 1150 with stop 1140. The range is 1000(950) to 1500(1600).

SBIN has a range of 1000 and 1500. But the current momentum can take it up to 1350 only if maintains above 1100.

INFOSYS has supports in the area around 1100 where it could be picked with stop at 1050(950). Otherwise, the longs should be initiated only on a close above 1260.

The existing longs may hold as per the levels given in the posts below. But fresh longs are suggested in cash or options segment -especially NIFTY options.

NIFTY strike 3000 could be eyed for today. Hold until expiry or target 3100 to 3400.
In case of a decline (though depends upon the DOW trend today) initiate calls of 3000 to 3200 strike in January series, keeping in view the levels given in the posts below.

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