Can nifty correct to 4800-4850 levels ?

Read in details http://www.swingtradingtips.net/p/technical-view.html

Thanks
Swing Trading Tips

Short term trading ideas for 12th April 2010

Ticker	Date	Close	Target	Stop Loss	Trade
ABIRLANUVO	4/9/2010	957	928.29	967	Sell
BANKINDIA	4/9/2010	360.35	349.54	374.7	Sell
CANBK	4/9/2010	421.1	408.47	433.9	Sell
DISHTV	4/9/2010	37.8	36.67	39.15	Sell
DIVISLAB	4/9/2010	696.5	675.6	713.7	Sell
IOB	4/9/2010	97.45	94.53	102.9	Sell
SESAGOA	4/9/2010	468.75	454.69	495	Sell
TATASTEEL	4/9/2010	676.2	655.91	739	Sell
UNITECH	4/9/2010	75.9	73.62	78.1	Sell

Short term trading ideas for 6th April 2010

Ticker	Date	Close	Target	Stop Loss	Trade
CHENNPETRO	4/5/2010	288.25	279.6	299	Sell
DABUR	4/5/2010	163.7	168.61	158.75	Buy
DCHL	4/5/2010	162.7	167.58	153.9	Buy
ICSA	4/5/2010	129.95	133.85	127.35	Buy
INFOSYSTCH	4/5/2010	2677.95	2758.29	2615.95	Buy
NEYVELILIG	4/5/2010	147.9	152.34	144.85	Buy
RELCAPITAL	4/5/2010	783.25	806.75	756.05	Buy

Short term trading ideas for 5th April 2010

Ticker	Date	Close	Target	Stop Loss	Trade
ASIANPAINT	4/1/2010	2021.25	1960.61	2096	Sell
NATIONALUM	4/1/2010	404.85	392.7	426.35	Sell
FEDERALBNK	4/1/2010	264.95	257	274.75	Sell
ONGC	4/1/2010	1084.45	1051.92	1112.1	Sell
ABAN	4/1/2010	1199.45	1235.43	1162.55	Buy
BHUSANSTL	4/1/2010	1744.55	1796.89	1678.7	Buy
MLL	4/1/2010	58.6	60.36	55.65	Buy
ORCHIDCHEM	4/1/2010	157.15	161.86	153.9	Buy
UNIPHOS	4/1/2010	149.4	153.88	147.6	Buy
WIPRO	4/1/2010	721.35	742.99	701.6	Buy

Short term trading ideas for 1st April 2010

Ticker	Date	Close	Target	Stop Loss	Trade
RANBAXY	3/31/2010	475.4	461.14	489.9	Sell
LT	3/31/2010	1630.85	1581.92	1670	Sell
ITC	3/31/2010	263.05	255.16	272.9	Sell
AXISBANK	3/31/2010	1168.25	1133.2	1215	Sell
APIL	3/31/2010	624.65	605.91	636.8	Sell
GESHIP	3/31/2010	294.2	285.37	302.2	Sell

Short term trading ideas for 31st March 2010

Ticker	Date	Close	Target	Stop Loss	Trade
CENTURYTEX	3/30/2010	509.8	494.51	520	Sell
DIVISLAB	3/30/2010	664.85	644.9	685.95	Sell
HEROHONDA	3/30/2010	1967.35	1908.33	2050	Sell
PATNI	3/30/2010	537.8	521.67	550	Sell

Short term trading ideas for 30th March 2010

Ticker	Date	Close	Target	Stop Loss	Trade
INDIACEM	3/29/2010	131.3	127.36	137.4	Sell
BIOCON	3/29/2010	289.6	280.91	298.7	Sell
VOLTAS	3/29/2010	175.35	170.09	181.9	Sell

Short term trading ideas for 29th March 2010

Ticker	Date	Close	Target	Stop Loss	Trade
ABAN	3/26/2010	1202.05	1238.11	1187.3	Buy
BANKINDIA	3/26/2010	321.35	330.99	310.05	Buy
BHUSANSTL	3/26/2010	1717.1	1768.61	1680.15	Buy
ESSAROIL	3/26/2010	140.5	144.71	135.95	Buy
INDIANB	3/26/2010	170.6	175.72	163.1	Buy
IVRCLINFRA	3/26/2010	167.3	172.32	161.75	Buy
KOTAKBANK	3/26/2010	751.85	774.41	729.85	Buy
MOSERBAER	3/26/2010	73.9	76.12	73.3	Buy
TATACHEM	3/26/2010	314.15	323.57	302.5	Buy
YESBANK	3/26/2010	251.4	258.94	237.9	Buy

Short term trading ideas for 26th March 2010

Most indicators are showing sell signals since few days. This indicates, things are not looking too positive and things are very overbought. I would advise every one to book profits on the long side and either stay in cash or short keeping a strict SL. Below are few stock which can be shorted for a short term.

Ticker	Date	Close	Target	Stop Loss	Trade
ABIRLANUVO	3/25/2010	865.65	822.37	887.75	Sell
DCHL	3/25/2010	166.15	157.84	179.8	Sell
RECLTD	3/25/2010	247.4	235.03	257.1	Sell
TRIVENI	3/25/2010	134.5	127.78	143.4	Sell
WELGUJ	3/25/2010	275.9	262.1	284.9	Sell

Short term trading ideas for 25th March 2010

Markets are likely to open down about 20 pts on Nifty in line with the asian markets which are looking a bit weak. Ongc is showing a buy signal, but keeping in eye the overall markets it will be a risky buy so one should maintain a strict SL. Nifty is showing weakness on the charts. See the nifty chart at http://www.swingtradingtips.net/p/technical-view.html

Ticker	Date	Close	Target	Stop Loss	Trade
CONCOR	3/23/2010	1273.9	1210.21	1318.9	Sell
IDEA	3/23/2010	65.05	61.8	69.1	Sell
INDHOTEL	3/23/2010	102.6	97.47	105.4	Sell
ONGC	3/23/2010	1069.25	1122.71	1054.2	Buy
POLARIS	3/23/2010	166.7	158.36	175.9	Sell

Short term trading ideas for 23rd March 2010

Markets are likely to open 30-40 pts up on nifty. Below are some stocks which are looking weak for a short term and can be shorted at higher levels after markets opens and stabilizes.

Ticker	Date	Close	Target	Stop Loss	Trade
GRASIM	3/22/2010	2892	2747.4	2988	Sell
FINANTECH	3/22/2010	1622.9	1541.76	1670	Sell
LT	3/22/2010	1614.35	1533.63	1635	Sell
ICICIBANK	3/22/2010	935.25	888.49	969.5	Sell
EDUCOMP	3/22/2010	753.9	716.21	790.7	Sell
SAIL	3/22/2010	239.4	227.43	248.7	Sell
JINDALSAW	3/22/2010	219.05	208.1	224.8	Sell
HINDALCO	3/22/2010	169.25	160.79	177.9	Sell
JPASSOCIAT	3/22/2010	146.6	139.27	154.7	Sell
TTML	3/22/2010	24.25	23.04	25.8	Sell

Short term trading ideas for 22nd March 2010

Ticker	Date	Close	Target	Stop Loss	Trade
GAIL	3/19/2010	414.1	393.4	424.75	Sell
HCLTECH	3/19/2010	374.05	355.35	383.25	Sell
HDFC	3/19/2010	2694.45	2559.73	2759.5	Sell
TCS	3/19/2010	820.9	779.86	845.9	Sell

All the above stocks can be shorted in futures.

Wish You and Your Family

16th December

Markets are range bound and not giving good trading opportunities. We need to wait for 5200 to cross and Dec to end to get fresh FII flows to the markets.

Thanks
Swing Trading Tips

14TH DECEMBER 2009

Viceroy Hotels Limited (VICEROY) BUY AROUND CMP OF RS 42.5 FOR A TARGET OF RS 50,55 AND A SL OF 38

V-Guard Industries Limited (VGUARD) BUY AROUND CMP RS 87.5 FOR A TARGET OF RS 100 AND A SL OF 74

Vakrangee Softwares Limited (VAKRANSOFT) BUY AROUND RS 67.5 FOR A TARGET OF 75 ABOVE WHICH IT CAN MOVE TO 80-90-100 LEVELS KEEP A SL OF 59

11th December

Buy Saber Organics (SABERORGAN) above Rs 70 for a target of 80-100 Rs and a SL of Rs 59

7th December 2009

I was busy with family wedding so could not post since past 15 days. I will keep posting regularly again.

Buy HCLTECH above Rs 350 for a target of Rs 400 and a SL of Rs 315

17th November

Will be back in a couple of days, I am caught up in some personal commitments. Next update after 5th DEC

Thanks
Swing Trading Tips

11TH NOVEMBER

BUY ITC LIMITED (ITC) ABOVE 260 FOR A TARGET OF 280, 300 AND A SL OF 239

9TH NOVEMBER 2009

- Jain Irrigation Systems Limited (jisljale) BUY AROUND 830 FOR A TARGET OF 850, 900 AND A SL 782

5th November

Buy IRB Infra around CMP of 245 for a target of 270, 300 and a SL of 224

Buy Aurobindo Pharma above 800 for a target of 850,900 and a SL of 730

4th November

Buy National Aluminum( nationalum) above 370 for target of 400 and a SL of 340

3rd November

Technical bounce back is expected. Avoid going short. We are over sold and can move up.

29TH OCTOBER

NIFTY HAS A VERY STRONG SUPPORT AROUND THE 4700-4800 REGION. AS LONG AS ITS ABLE TO SUSTAIN ABOVE THESE LEVELS WE CAN SEE A BOUNCE BACK AND MARKETS WILL START MOVING UP. IF 4700 IS BROKEN MARKET CAN MOVE DOWN TO 4500 LEVELS WHERE IT CAN TAKE SUPPORT. ONCE THE MARKET RESUME UPSIDE WE WOULD BE IN A LONG TERM UPTREND AND OUR MARKETS WOULD MOVE TO TOWARDS ALL TIME HIGHS.

28th October

There is nothing to panic, we are around a major support zone and a bounce back is likely. This correction is healthy for the markets to move up.

27th October

Keep and eye on yesterdays stocks

Buy nifty november futures around 4930 for a target of 5000,5100 in about 1 week SL 4889

26th October

- Dr. Reddy's Laboratories Ltd (drreddy) Buy around 960 for a target of 1000,1050 and a sl 899
- Gujarat State Petronet Limited(gspl) Buy around 89 for a target of 100 and a SL of 82
- ITC Ltd (itc) Buy around 260 for a target of 300 and a SL of 246

Thanks
Swing Trading Tips

23rd October

No Picks today. Stay cautious and maintain your SL. Markets are volatile book profits slowly as 5300 is a major resistance on the upside.

22nd October 2009

These are short term free picks. Trade at your own risk. Paid users get different Investment picks. Many of the targets in previous days have been achieved, join our membership for better guidance.

- Ind-Swift Laboratories Ltd (indswftlab) Buy above 75 for target of 83 and a SL of 64

- Opto Circuits (India) Limited (optocircui) Buy around 215 for target of 250,260 and a SL of 199

- Godrej Consumer Products Limited (godrejcp) Buy above 270 for target of 300 and a SL of 249

21st October 2009

These are short term free picks. Trade at your own risk. Paid users get different Investment picks. Many of the targets in previous days have been achieved, join our membership for better guidance.

- Indian Oil Corporation Ltd (IOC) BUY ABOVE 650 FOR A TARGET OF 700,750 AND A SL OF 599

- Godrej Industries Ltd (GODREJIND) BUY AROUND CMP OF 208 FOR A TARGET OF 225,250,260 AND A SL OF 189