Thursday, October 22, 2009

Trading Ideas for the day

Crude Oil had bounced back and global markets have downdays yesterday and we are seeing some valuation concerns at higher levels.
 
Dollar  may bounce back for the short term
Cairn is a proxy crude play.
 

Cairn : Support 269, resistance 295-300

Torrent Power  : Support 280, resistance 350

Nucleous Software  : Support 150, resistance 131-146

Opto Circuit  : Support 205, resistance 245

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