Sunday, January 17, 2010

Trading Ideas for the week

Last week Cement and IT sector had a good run. The momentum is expected to continue further.

Ranbaxy lab is trading in a range of 505 to 527 for the past six days.If it is able to sustain above 522 then it could reach 533-538 - 563 . Chart support is at 505 and pivot support is at 498


Nagarjuna Construction is also showing strength on chart. Support is at 170 and resistances are at 184. If it is able to trade above 184 then it may face next hurdle at 205-220

Have fun and keep on reading. I have read "Super Trader By Van Tharp " this weekend and found it useful for traders.
Have fun

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