TRADING STRATEGY FOR 29th AUGUST 2013

The NIFTY FUTURE closed at 5288. It will face resistance at

5318 & 5344. Sustained trading above  5344 can take the NIFTY

to  5386. There is SUPPORT at 5266 & 5251.

BUY CAIRN INDIA for a target of 340. Keep a stop loss of 317.

Buy BIOCON for a target of 340. Keep a stop loss of 322.

Buy RANBAXY for a target of 455. STOP LOSS is 400.

TREND REVERSAL ONLY ON A CLOSE ABOVE 5400.

SELL BPCL. Target is 255. STOP LOSS IS 278.

Buy HDFC BANK above 557 for a target of 574 & 580.

HAPPY TRADING !!!