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Is Nuclear Deal Suitable For Indian Growth?
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Talk about Futures & Options in securities. Discuss Index Futures.

Thread: My Future Calls

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#4 (permalink)

9th June 2008, 12:04 AM

pkapadia

Join Date: Aug 2007

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In Bear Grip

Well, RELINFRA June future went all the way to 1013 before pulling back with vengeance. But that's all it was, a pullback. This stock is unlikely to cross 1260 on the way up especially after the bloodbath in Dow of 400 points on Friday. If it goes below 1000 and sustains, one can short it for a target of 850 now.

RELINFRA (FUT) CMP 1097.20 SL 1130 TGT 1000, 850

UNITECH has also broken long-term support at Rs. 200. While it offers resistances at 230, 250; it is likely to go down to supports at 185, 160.

Because of a huge buildup in short positions, the markets are likely to be extremely turbulent, and only those with a vigilant eye on price movements should dare to trade with a strict stop-loss.

Paresh

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