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