TIPS FOR MONDAY
NIFTY:if it trades above 4126 the target is 4143.major resistance lies at 4163.
if it trades below 4119,the target is 4090.now if 4090 breaks and nifty spot trades below 4090,the target is at 4005 in 2-3 days.
RCOM:if it trades below 469,the target is 463,if it trades below 463,the target is 443 in 2-3 days.if rcom is able to trade above 483,then only buy and short sellers should cover shorts then only.
RELCAPITAL:if it trades above 749,the target is 758 and above this 772.if it trades below 742,the target is 735 and 725.
BAJAJHIND:if it trades below 163,the target is 158 and then 147 in 2-3 days.if it trades above 171.5,then only buy for a target of 178 and 184.
ACC:if it trades below 849,short it for a target of 841 and then 834.if it trades above 863,then only buy for a target of 871.
BHARTI:if it doesn't trade above 826,short it as asked on friday also.if it trades below 814,the target is 798 and 793.buy only if it trades above 834.
INFOSYS:if it trades above 2095,the target is 2110.if it trades below 2046,short it for a target of 2007 and 1971 in 2-3 days.
RELIANCE:you may be already short as said on friday.if it trades above 1589,the target is 1612,and if trades above 1614,shortsellers should exit.
if it trades below 1572,the target is 1555 and 1543.
POSITIONAL TRADERS:if reliance trades/closes below 1540,the target is 1480 in 2-3 days.
IFCI:as given support of 44.8 on friday,it went down first and then from exact support reversed and closed near the highs.
now the support lies at 46.5,if it trades below this,it will come down to 44.9,if trades below 44.7,the target is 42.5 in 2-3 days.
SATYAM:the target for shortsellers is still on of 462,if trades below 461,the target is 448 in 2-3 days.if it trades above 479,then only buy and short sellers should exit,the target above 479 will be 485 and 489.
HINDLEVER:as asked on friday again to short if not trading above 199.5,so,if trades below 193.8,shorts carry on or fresh shorts can also be created for a target of 186.if it trades above 199,then shorts should exit once.buy hindlever only if it trades above 203.
TATAMOTORS:as asked to carry on shorts on friday,if it trades above 743,then shorts can exit once.if it trades below 728,the target is 720 and 714 and 709.
SBI:as asked from 1150 levels to short and carry shorts,if it trades above 1145,then only buy or shorts should cover.if it trades below 1117,the target is 1099.