nifty trading channel

the above chart is that of nifty futures daily chart ....

calls update

kalindee call given @ 138 recent high 158
rcom buy call given @ 172 target achieved @178.75 on monday
cipla sl triggered
aban rising wedge fall expected blw 897...aban low 2day @858

FUTURES AND OPTIONS

5300 PUT has the highest open interest ..on 06/08/2010 open interest was 9972000
5600 CALL hast the highest open interst....open interest was 8618200

nifty is expected to be in a range of 5300-5600..

b

stocks for short term- 09/08/2010

CIPLA Buy abv 322 sl closing blw 317
target 325.2 326.8 328.5 334






RCOM Buy abv 172 stoploss closing blw 169
target 175.5 178 180.4

ABAN OFFSHORE...chart characteristics-----rising wedge, cn have a severly fall if it breaks the support line blw 896

nifty trading channel ....nifty is trading near the upper end of its trading channel quite visible from the charts