050308 - 8.35 am
NEXT SUPPORT OF SENSEX WILL BE AT 16000,
THIS 16000 IS THE PRIMARY TREND LINE (FOR LAST 5 YEARS), SO HOPE THIS LINE MAY NOT BE BREAK AND MAY NOT CLOSE BELOW 16000 LEVELS, BUT THERE IS A POSSIBILITY OF 15700 ON REVERSAL BASIS,
ABOVE 16820 WE HAVE RESISTANCE AROUND 17200, 17700 TO 17800
EVEN THOUGH WAIT FOR SETTLE DOWN OF THE DUST, FOR SOME MORE DAYS
ALL AUTO SECTORS DOING GOOD, (HERO HONDA, MARUTI, MM), ARE THE BEST TO WATCH
ICICI
HIGH RISK DELIVERY TRADERS CAN BUY ICICI AROUND 900 WITH S/L OF 880 ON CLOSING BASIS WITH ONE TO TWO MONTHS VIEW,
902 IS THE FIBONACCI LEVELS (85.4%), ICICI ALWAYS TAKE SUPPORT AROUND 85.4% (FIBONACCI) LEVELS, SO BUY AND KEEP THE S/L TARGET WILL BE 1100, 1200, 1300, 1400
BEST OF THE DAY
HINDALCO AB 205
ASIAN PAINT AB 1180
ADANI AB 678
BPCL SELL BELOW 431
Wednesday
Tuesday
040308 - 8.20 am
AS WE DISCUSSED YESTERDAY THE KEY POINT 16950 BROKE AND WENT UP TO 16634 LEVELS, SO NOW WE HAVE THE SUPPORT AT 16450 RANGE, IF IT BREAKS AND SUSTAIN BELOW FOR HALF AN HOUR, THEN NEXT SUPPORT WILL BE AT 16200 TO 16000,
THIS 16000 IS THE PRIMARY TREND LINE (FOR LAST 5 YEARS), SO HOPE THIS LINE MAY NOT BE BREAK AND MAY NOT CLOSE BELOW 16K LEVELS, BUT THERE IS A POSSIBILITY OF 15700 ON REVERSAL BASIS,
EVEN THOUGH WAIT FOR SETTLE DOWN OF THE DUST, FOR SOME MORE DAYS
NALCO (NATIONAL ALUMINIUM) LOOKS GOOD FOR SHORT TERM MOVE, SO BUY IT UP TO 435, AND KEEP THE S/L AS 434 ON CLOSING BASIS, WHEN IT BREAKS AND CLOSE ABOVE THE 490 LEVELS TARGET WILL BE AT 540 WITH IN 5 TO 10 DAYS, SO BUY AT LOW(chart will update later)
ALL PHARMA R GOOD
BEST OF THE DAY
BPCL AB 475
CIPLA AB 217
CESC BL 492
REL BL 1460
AS WE DISCUSSED YESTERDAY THE KEY POINT 16950 BROKE AND WENT UP TO 16634 LEVELS, SO NOW WE HAVE THE SUPPORT AT 16450 RANGE, IF IT BREAKS AND SUSTAIN BELOW FOR HALF AN HOUR, THEN NEXT SUPPORT WILL BE AT 16200 TO 16000,
THIS 16000 IS THE PRIMARY TREND LINE (FOR LAST 5 YEARS), SO HOPE THIS LINE MAY NOT BE BREAK AND MAY NOT CLOSE BELOW 16K LEVELS, BUT THERE IS A POSSIBILITY OF 15700 ON REVERSAL BASIS,
EVEN THOUGH WAIT FOR SETTLE DOWN OF THE DUST, FOR SOME MORE DAYS
NALCO (NATIONAL ALUMINIUM) LOOKS GOOD FOR SHORT TERM MOVE, SO BUY IT UP TO 435, AND KEEP THE S/L AS 434 ON CLOSING BASIS, WHEN IT BREAKS AND CLOSE ABOVE THE 490 LEVELS TARGET WILL BE AT 540 WITH IN 5 TO 10 DAYS, SO BUY AT LOW(chart will update later)
ALL PHARMA R GOOD
BEST OF THE DAY
BPCL AB 475
CIPLA AB 217
CESC BL 492
REL BL 1460
Monday
030208
SENSEX VIEW
AS I TOLD U ON FRIDAY, MARKET TOOK SUPPORT AROUND 17270 (17258) RANGES ON FRIDAY,
EVEN THOUGH TODAY ALL WORLD INDEX ARE IN DOWN, HERE EXPECT GAP DOWN OPEN, NOW WE HAVE SUPPORT AROUND 17060 TO 16940 LEVELS, IF IT BREAKS AND SUSTAIN FOR HALF AN HOUR OR CLOSE BELOW 16940 THEN NEXT DOWN SIDE TARGET IS AT 16450 TO 16200,
FOR NIFTY BELOW 5200 DOWN SIDE TARGET 5100, 5050, 4980, BELOW 4980 TARGET 4800 TO 4750
IF MARKET OPENS GAP DOWN WITH MORE THEN 500 POINTS, DON’T GO FOR SHORT SELL,
SENSEX TODAY'S SUPPORTS:
BELOW 17400 – 17130, 17060, 16940*, 16450, 16200
IN THIS DOWN, INVESTORS ARE ASKED TO USE TO BUY FOR DELIVERY, JUST 50% OF WHAT U WANTS TO INVEST
BUY
UTI BANK AROUND 970 TO 955, S/L 945
UNITED PHOSPHORUS AROUND 320 TO 295, S/L 280
RUCHI SOYA AROUND 111 S/L 105
BUY ALL WITH 1 TO 2 MONTHS VIEW
TODAY'S BEST
SELL AIR DECCAN BELOW 166.5
SELL REL ENERGY BELOW 1535
SENSEX VIEW
AS I TOLD U ON FRIDAY, MARKET TOOK SUPPORT AROUND 17270 (17258) RANGES ON FRIDAY,
EVEN THOUGH TODAY ALL WORLD INDEX ARE IN DOWN, HERE EXPECT GAP DOWN OPEN, NOW WE HAVE SUPPORT AROUND 17060 TO 16940 LEVELS, IF IT BREAKS AND SUSTAIN FOR HALF AN HOUR OR CLOSE BELOW 16940 THEN NEXT DOWN SIDE TARGET IS AT 16450 TO 16200,
FOR NIFTY BELOW 5200 DOWN SIDE TARGET 5100, 5050, 4980, BELOW 4980 TARGET 4800 TO 4750
IF MARKET OPENS GAP DOWN WITH MORE THEN 500 POINTS, DON’T GO FOR SHORT SELL,
SENSEX TODAY'S SUPPORTS:
BELOW 17400 – 17130, 17060, 16940*, 16450, 16200
IN THIS DOWN, INVESTORS ARE ASKED TO USE TO BUY FOR DELIVERY, JUST 50% OF WHAT U WANTS TO INVEST
BUY
UTI BANK AROUND 970 TO 955, S/L 945
UNITED PHOSPHORUS AROUND 320 TO 295, S/L 280
RUCHI SOYA AROUND 111 S/L 105
BUY ALL WITH 1 TO 2 MONTHS VIEW
TODAY'S BEST
SELL AIR DECCAN BELOW 166.5
SELL REL ENERGY BELOW 1535
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