Dialy technical Intraday calls

Hi Friends ,

I am a Amateur Technical Analyst and trader.
I am going to post daily Intraday calls here .

I will Post my calls with technical reasons in a very simple language so that the newbies can learn and understand .

There are always risk associated with day trading.

The calls will be purely intraday and levels mentioned with be of cash market., Though stocks can be traded in futures also with adjustment with cash mkt levels. I will start from tommorow. viz 18 april 2013

I think today is 18th April and mkt is closed tomorrow due to Ramnavami...

:thumb: Yes I know. From monday we will start.

Still waiting....

Sorry to keep you all waiting. Actually holidays in market i was not aware of. .. I will post tonight.

waiting..............

Waiting...............

still waiting...... :fatigue:

SHORT TERM BUY CALL : BUY INFOSYS at 2235 and dips till 2220 ,Stoploss 2200 closing basis , TGT 2300/2360/2400 within a month time.

Reason : Very strong support @ 2200.
NSEIT index has bottomed out for short term and will bounce back.
RSI & STOCH oversold and coming up from oversold region.:thumb:

Buy MARUTI 1560 PE @ 17 , hold for month ..... Stoploss 1 , TGT 50