Monday, February 22, 2010

BOTTOM OUT STOCKS

since few days ,,,one   common thng in nifty we can see is  gap opening / gap down...and fullfilling of gaps,,,and then uncertainity,,,,seems everyone is waiting for bulls to take position when budget enters into their head/ and bears shorting at every high levels when ever we are having noted levels around 4920...!!!
for me,,, selling calls,,,,of 5100 and above is,,, suitable...on every rise,,,too
and buy around 4800 levels and below...positons are becoming risky on eod basis,,,,since the stop profit has already hit on friday,,,,
only pos was the weekly closing of nifty,,, above 4820 but preferable was 4850...and above which  made me,, exit longs in nifty,,,on pos basis

more on stocks,,, found few,,, which have bottomed out,

lever,,,around 228......now @245,,,,(posting too late)
sbi......around 1900,,,,,now 1911....firsttgt can be 1965
rcom,,,,,,around 160.....now 160....first tgt can be 177

falling wedge pattern in dlf,,,,,around 284,,,,and in addiion bottom being formed,,,,here

my preferences will be  SBI/  DLF
AROUND 1900/ 280 LEVELS

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