Consider 7^th Jan, 2009 High are major Hurdle of Nifty-BSE-Stocks.

After Satyam

Next Target Reality Stocks ?

( Another - Corporate Governance)

Destruction of Wealth continue ?

This is a 5^th and final Sell off sicne beginning of bear market (Jan 2008), thereafter new BULL MARKET

Nifty close below 2812, BSE 9150

severe panic in the market.

EXPERTS COMMENTS

Domestic market started with the positive note as followed by globel market rally. But after the shocking news of satyam market goes to the deep red and closes on the same way. Beside that news the most underperformed sectors were the Realty sector, Oil & Gas, Banking and metal. We may guess that this rally will continue for next trading session also. FII's were taking interest in puts of Realty sector then we guess that realty sector will show the fresh short position. Nifty PCR become increased to 1.28 level as more put activity was seen. Today we have seen short position has been formed in so many stocks but mail stocks were the Ivrcl infra, LITL, Unitech, JP Associate, IBR and Suzlon so we suggest traders they can trade in these stocks with negative bias. More than 3.00 cores shares built up in short position in Satyam.

Nifty Analysis.

Consider major resistance 3150 and cross and close above only positive bias but chances are remote due to sentiments of the market are very bearish due to Satyam Saga. Down side consider On intraday massive fall of Nifty (250 points) and looks up trend is over and downward may be accelerated as and when Nifty trade below 2800. If you have a long position advised to keep a stop loss of Nifty 2800, break and close below , first priority to exit and save the money

FII ACTIVITY:

The most active contracts in FII counter are RCOM 220 put up by 405%, SUZLON 40 put up by 400%, HDIL 100 put up by 380%, and Reliance 1140 put up by 302%. Total NET BUY / SELL VALUE in the FII's counter is following - In Index future it is 651CR, In Index Option it is 211CR, in Stock future it is 180CR & in stock options 110CR.

OPENING TREND

After SATYAM-MAYTAS saga, bearish sentiment continue in the market, however, lower level valuation buying may emerge.

Avoid Reality stocks.

Always Remember :

1.   The World did not stop lending, servicing & consuming, it moved on.

2.   Turmoil in stock market excellent buying opportunity for long term investors. (Expected return 100 to 300-500 percent in 12 to 36 months)

NIFTY FUTURE + BANK NIFTY +CNX IT

: Nifty Future :

Last and final support exit 2800, thereafter.............

NIFTY :

Monthly: Trend decider is 2881 and resistance is 3187 and 3416 and support is 2653 and 2347.

Weekly: Trend decider is 2987, resistance is 3158 3262 and support is 2883 2713.

Hold strong resistance 3150 - Today resistance 2980-3000,down side support watch 2800-2813 decisive break over all selling in the market and next target 2651.

BSE :

Weekly:
Weekly trend decider 9730, higher level resistance 10298, 10638, down side support 9390 8823.

Consider support 9162 and play for long target 11564, thereafter more up side.

Today resistance 9850, break 9510, non stop target 9200, 9150,8895, thereafter... higher level major resistance established 10470.

CNX IT : On rise sell only with consider resistance 2360. Watch out the level of 2100.

BANK NIFTY :
On rise sell.........with consider resistance 5500 mark.

DOW : Above 9000 over all positive and target 9500-9600, close below 8000, panic in the USA market and expected very bad news.

SATYAM:

My dear traders/investors why you are trading in this stock, whereas major investors are looking exit route. Many stocks in the market where you can buy or sell.....Please delete your screen of this scrip.

From 188 to 30 in a single session - volume in Cash Market 33.00 cores, All are indicate, major sell of by Institutions, FIIs, HNI clients.

Technically looking very very bearish and advised to no buying please.... Over all more than 4.00 crores held in FO which indicate major short selling established in this counter and more down side in coming days.

RELIANCE:

Monthly: Monthly trend decider is 1224 resistance is 1415 1597 and support is 1042 and 851.

Weekly: Trend decider is 1258, resistance is 1328 1370 and support is 1216 1146.

Today :Higher level resistance 1400-1410. Today resistance 1250, down side break 1188 and stay with volume target 1150, 1121.

SUZLON ENERGY:.

Monthly: Monthly trend decider is 54, resistance is 72 83 while support is 44 26.

Weekly: Trend decider is 64.40, resistance is 73 81 and support is 56 48.

Today resistance 53-56, down side break 50 and hold with volume target 45, ultimate target 36 mark in coming days.

REL INFRA:

Monthly: Monthly trend decider is 568, resistance is 687 793 and support is 462 344.

Weekly: Trend decider is 569, resistance is 673 716 and support is 553 475.

Today Real move only above 690-695 range . Today resistance 580, down side watch the support level 518, break with volume another round of panic.

NTPC:

Monthly: Trend decider is 175, resistance is 198 and 215 while support is 158 134.

Weekly: Trend decider is 180, resistance is 189 185 and support is 175 166.

Today : Consider resistance 180-185. Today resistance 173, down side break 168, likely test 160 mark. Keep a stop loss 185 and play for short sell only.

UNITECH:

Monthly: Monthly trend decider is 37.5, resistance is 53 64 while support is 25 10.

Weekly: Trend decider is 43, resistance is 52 57 and support is 37 28.

Today : Consider resistance 50 - Today resistance 40, down side below 34 it will test again 21, 15 expected in coming days.Making another Satyam ?

TISCO:

Monthly: Trend decider is 200 resistance is 253 291 while support is 163 109.

Weekly:
Trend decider is 222, resistance is 243 256 and support is 209 189.

Today resistance 240-250. break 230 down side target 200 mark.

RPL:

Monthly: Trend decider is 87, resistance is 98 108 and support is 73 59.

Weekly:
Trend decider is 90, resistance is 94 99 and support is 86 81.

Today : If cross 94 with volume, quantity buying opportunity and tested 100 mark or above. (we were writing for last 7 trading session and unable to cross and close - ) Today resistance 86, close below 80, looks selling opportunity.

SBI

BANK OF INDIA

BANK OF BARODA

UNION BANK OF INDIA

ICICI BANK :

Very near to 50 DMA -

close below, big sell off only.

IFCI, GVK POWER :

Lower level do not play short sell.