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16 October, 2010

Over all market is in danger, one has to check nifty to takes support at 6060/5960. Go long only after nifty crosses 6150 or after strong bounce from 5960.
FII data sold in cash first time in the near term, sold in F&O.
For monday trade: go long in nifty above 6150 but short term trend is down target 5960.
Tata steel go short if breaks 630 target 590 short term trend is down.
Tata motors not long but short below 1150 target 1110.
TCS no long but go short below 950 target 915 and 900.

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