Friday, April 25, 2008

Nifty 5000 – BSE 16850 Are the battle filed between Bull & Bears……
NIFTY FUTURE
Today support 4973, 4944, higher level resistance 5054

Golden Rules of Profitable Trading.
1. Making money in the markets has almost nothing to do with how often you win — but everything to do with how you manage your risk.
2. Never risk more than 10% of your account equity on any one
investment, trade, or recommendation.
3. Always use protective stops!
4. How you exit a trade is as important, if not more important, than how you enter it.
5. Discipline makes money – Discipline in predetermining your risk and putting as much emphasis on when no exit a trade as you do on when to enter a trade.
6. Ignore the News.
7. Always keep in mind : News does not dictate the major trends in any market or security. To the monetary, news flows from the trends.

Nifty: . Trend Decider of April -- 4808. Major hurdle 5135. Today it will face resistance 5021, crossover it can move up to 5051, 5080, down side it will take support 4969 below it will come down 4950….

Nifty (Monthly – April) Consider support 4808, 4600,4450, higher level it will face resistance 5000, 5148, 5562.

BSE : Trading range 15300 to 16500. Monthly trend decider 15849.. sustained above target 17022, 18400, down side support 14471. Today support 16645, 16569, higher level it will face resistance 16850-16900.

BSE (Monthly – April) : Monthly trend decider 15849.. sustained above target 17022, 18400, down side support 14471.

BSE (Quarterly) : Higher level quarterly resistance 17176.. above looks good

CNX IT : Hold 3968,short term target 4232…….

CNX IT (Monthly) : Monthly resistance 3945……

BANK NIFTY Short term target 7965.

BANK NIFTY ( Monthly) Major Monthly Hurdle 7150…..

DOW INDUSTRAI AVERAGE : 200 DMA 13123. Last four months trading range 11500 to 12850.. Break out in either side looks one side move..

RELIANCE : Monthly Trend Decider 2271. Today down side support 2560, crossover 2600, it can move up to 2632, thereafter do not remain short.

BHARTI TELE : Monthly trend decider 793. Higher level major hurdle 880……Today support 828, 813 . www.tatanano.com Believe it or not…Revolution in Automobile Industries

TELCO : Looks good and close eye this counter…. Today support 638, higher level it will face resistance 650….Major hurdle 694 thereafter real bull will start in this counter.

M&M : Looks good, if hold 600 in coming days 100 point up move on the card.


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HCC : Excellent stock for long term investors….Buy and forgot. Above 141 check what happened.

SUZLON : On rise sell with consider major resistance 317.

IDEA : On rise sell with consider stop loss 113.

UNITECH LTD : Buy and hold…. Real strength show only above 297.. down side support exit 280……

INFOSYS Monthly trend decider 142. Higher level major resistance zone 1710-1720, if unable to cross and reversal, play for short sell only……….

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