Friday, January 8, 2010

Trends are up

More up side Above Nifty 5300

Buy on dips.....

Be prepare for Small Correction..?

Concentrate

OIL & Gas Shares + Textile

 
 

2010 Target

Nifty 6500 BSE 23000

Before Sharp Correction

Just pay Rs. 25000/- per month

And get Rs. 1.50 lacs to 2.00 lacs

and follow our technical level and forgot

about the market volatility-

accuracy more than 90%

NIFTY

Over all trend is bullish and we may consider support are 5050-5000 hold, Nifty will test 5400-5500 mark in short term.

Today support are 5244-5221,higher level resistance are 5280-5300.Weekly trend decider 5194. Stop loss long 5100... hold this level target are 5336-5450-5550. Bullish head and shoulder pattern indicate target are 7000 +.

BSE:

Trend is bullish and already closed above above 17000 which is a very bullish sign. Today support are 17250, crossover 17413, it will test 17490-17500 and close above, it will test another round of up move. Close below 17000 short term selling opportunity up to 16500-16200 whereas the strong buying force may generate.

Today support are 17566, break below further weakness, higher level resistance are 17750. Weekly Trend Decider 17440.

CNX IT:

Looks very hot and coming days it will out performer as and when the dollar is showing strength, it will move further. Trend Decider of this Week are 5810

Now play for 6000 mark in coming few session and concentrate on large IT Stocks.

BANK NIFTY:

It looks that correction is over and ready to another round of move. Weekly trend decider are 9020

Time being consider support are 8500 and decline to buying opportunity for target are 10000 mark

 
 

HOW TO TRADE

NIFTY FUTURE TODAY

Any decline to buy side with consider strong support 5000-5050, hold this level ultimate target are 5500-5550 in coming days.

 
 

Weekly trend decider are 5194

Weekly Resistance -5236-5269

Week Support -5162-5121

Today Support 5240 and resistance zone 5280-5290 selling opportunity, likely test 5200 or lower.

Buy and Buy...

GLOBAL MARKET

DOW : Dow is currency is a major bull trend from the level of 6469 and almost added more than 75% from the lower level. Over all trend is positive but it must sustained 10200-10000 mark, close above 10500 will more up side and may test 11000 mark, thereafter it will take 12000-12750.

 
 

FO ANALYSIS

Over all mixed trend in the future market. However higher level some profit booking were saw on Thursday trading. In Stock option segment small activity were saw in 5000-5300 call and put option. In Stock future option segment, TCS 680 call (writing), Carain 330 call, JP Hydro 90 and GTL Infra Call, looks positive in coming days.

In Stock Future - Essar Oil, JP Hydro Noida Toll Bridge, Praj Industries, Reliance, were added in open interest for long side, whereas Bajaj Hindustan (short side) Hindalco, HDIL, FSL (Profit booking).

 
 

RELIANCE:

Weekly Trend Decider 1085 Stop loss 990 for long position, if hold it will test 1298 mark. . Short term support are 1050. Consider support are 1180-1185 and buy side for target 1140-1150. Bullish break out with volume indicate outperform in coming trading session and likely test 1150.+ CATCH IT OPENING BELL.

 
 

ONGC:

Weekly Trend Decider 1185. Above 1200 do not think to short sell in your dream also... very very hot.....in Index Stock.

 
 

RELIANCE CAPITAL

Weekly Trend Decider 858... We may consider resistance 910 and your stop loss for short sell too.....lower level do not panic.
Think to buy only above resistance level.

 
 

PRAJ IND.

Weekly Trend Decider 104 Bullish break out with volume and closed above 3 months high 110. Over all price and volume chart suggest it can go up to 122 +. Take a few risk and catch it today opening bell.

 
 

TISCO:
Weekly Trend Decider 619. Down side support are 590 and stop loss long position too. Now consider high 660 and rise to sell side.... Lower level to cover on intra day weakness.

SBI
Below 2280 and stay with volumeWhy u r long....

 
 

HERO HONDA :
On rise to sell......
decisively break 1637.... Further fall and likely wipe out 100 points.

 
 

JYOTI STRICTURE
Above 175.... Only buy.....

GTL INFRA:
Strong volume force, looks positive and in coming days it will big move on the card. Consider support are 37 and last and final resistance exit 39.90, thereafter confirmation of buying of Towers from Aircel.

Arvind Mills + Alok TextileBombay Dying + S Kumars Ltd
All four looks hot, but buy On some decline ...

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