SBI - RELINFRA - RELCAP TRADING STRATEGIES FOR 30/08/12

YESTERDAY WE HAD WRITTEN....TRADING BELOW 1838...TAKE TO 1820- 1810 LEVELS (MADE LOW 1824) AND RESISTANCE @ 1860 (MADE HIGH 1857)

TODAY TRADING BELOW 1830 TAKE TO  1820  -1800 LEVELS

INTRADAY RESISTANCE @ 1838 - 1860

YESTERDAY INDICATED...TRADING BELOW 328...SEE PANIC UPTO 325 - 317 LEVELS (MADE LOW 320)

TODAY TRADING BELOW 320....BEARS TAKE TO 317 - 313 LEVELS.

EXPECT SOME PULL BACK FROM 317 - 315 LEVELS

INTRADAY RESISTANCE @ 325 - 330- 333 LEVELS.

YESTERDAY WRITTEN...TRADING BELOW 469....CAN SEE NON STOP SLIDE  UPTO 458 LEVEL (MADE LOW 454)

TODAY TRADING BELOW 454...SEE SHARP FALL UPTO 452- 444- 442 LEVELS

RESISTANCE @ 460- 465 AND 468 LEVELS.

SELL ICICI BANK @ 932 AND BOOKED PROFIT @ 920 (PROFIT 12 / SHARE OR 3000 / LOT)

SELL NIFTY FUTURE @ 5312 AND STILL HOLDING (MADE LOW 5292)

BUY RELINFRA PE 460 @ 3 AND BOOKED PROFIT @ 7 ( PROFIT 2000/LOT)

BUY L&T PE 1350 @ 4 AND BOOKED PROFIT @ 10 ( PROFIT 1500/LOT)

BUY TATAMOTORS PE 230 @ 1.50 AND EXIT @ .90 ( LOSS 600 / LOT)