Stock Tips And Nifty Tips For 27 Feb 2013

Momentum Calls:
SELL: BANKINDIA SL 331 TGT 320.
SELL: RELINFRA SL 465 TGT 445.

Turtle Calls:
SELL BHARATFORG IN RALLY WITH SL ABV 232.50 TGT 200.
(* Turtle calls are for a duration of 1-2 weeks period and are generated as per mechanical systems. Stop-loss is an essential risk control mechanism and it should always be there. If you find the stock opened much higher wait for a dip to enter, and only enter when the risk-reward ratio is favorable to you, we also recommend time to time profit booking and stop loss trailing.)

Nifty’s fully automated technical trend analysis:

NIFTY last traded price: 5767.2.

Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 5878.4.

Currently the Hourly MACD is bearish since it is trading below its Signal line. The MACD crossed below its Signal line 6 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).

The current value for the 14 Hourly RSI is 24.983. The Hourly RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a buy 22 period(s) ago. The RSI and price are not diverging.

PIVOT TRADING LEVELS FOR NIFTY FOR NEXT SESSION:
R2: 5,875.13 R1: 5,821.17 PIVOT POINT: 5,784.88 S1: 5,730.92 S2: 5,640.67