Wednesday

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

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

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