wednesday 07-05-08 8.25 am
MARKET VIEW
US MARKET CLOSED WITH MILD UP SIDE, AND ASIAN MARKETS ARE DOING MILD UP SIDE, KOSPI AND HANG SANG DOING WITH MILD DOWN SIDE, HERE EXPECT SOME FLAT OPEN (9.50 AM ASIAN MARKETS STATUS WILL DECIDE OUR MKT OPEN), AS WE DISCUSSED YESTERDAY OUR MARKET DID IN DOWN SIDE, AND LATER (AT CLOSING TIME) MARKET RECOVERS SOME, SAME AS U.S DID MILD UP SIDE AND ASIAN MARKETS DOING MILD UP SIDE, SO HERE I EXPECT SOME UP SIDE MOVE UP TO 5315 TO 5350, RANGE IN NIFTY AND 17750 TO 17800 IN SENSEX, SO USE THIS TO SQUARE OFF UR LONG POSITION, FRESH LONGS IS NOT ADVISABLE UP TO MARKET CLOSE AB 18300 FOR 3 DAYS, AND AS PER THE FIBONACCI RETRACEMENT, THERE IS A RESISTANCE RESISTANCE AROUND 17730 TO 17750 RANGE, AND MARKETS WILL TRY TO TAKE RESISTANCE IN THIS AREA,
SENSEX VIEW
TECHNICALLY SENSEX HAS SOME SMALL RESISTANCE AROUND 17750 TO 17800, IF SUSTAINS ABOVE 17800, NEXT UP SIDE POSSIBLE UP TO 17950, AND 18300,SENSEX HAS SOME STRONG SUPPORT AROUND 17220 RANGE,
SENSEX SUP & RES
ABOVE 17536 TAR 17630 TO 690, 17735, 17780 TO 17800 AB 17920, 18K, 18150, 18300
BELOW 17220, 17150, 17070, 17K, 16930, 16840, 16725, 16500
NIFTY VIEW
TECHNICALLY NIFTY HAS SOME RESISTANCE AROUND 5270 TO 5315, ABOVE NEXT UP SIDE POSSIBLE UP TO 5360 TO 5400 AND 5545, AND NIFTY HAS GOOD SUPPORT AROUND 5100 TO 5070 , IF NIFTY SUSTAINS AB 5315 NEXT UP SIDE POSSIBLE UP TO 5350 TO 5500
NIFTY SUP & RES
ABOVE 5155 TAR, 5200, 5225, 5250, 5300 TO 5320, AB 5360, 5400 TO 5430,
BELOW 5110 TAR 5070, 5030, 5000, 4965, 4889, TO 4874
NOTE:
DON’T TAKE ANY SUP&RES IN OPENING PRESSURE, USE IT AFTER 10.15 AM OR 10.3 AM
US MARKET CLOSED WITH MILD UP SIDE, AND ASIAN MARKETS ARE DOING MILD UP SIDE, KOSPI AND HANG SANG DOING WITH MILD DOWN SIDE, HERE EXPECT SOME FLAT OPEN (9.50 AM ASIAN MARKETS STATUS WILL DECIDE OUR MKT OPEN), AS WE DISCUSSED YESTERDAY OUR MARKET DID IN DOWN SIDE, AND LATER (AT CLOSING TIME) MARKET RECOVERS SOME, SAME AS U.S DID MILD UP SIDE AND ASIAN MARKETS DOING MILD UP SIDE, SO HERE I EXPECT SOME UP SIDE MOVE UP TO 5315 TO 5350, RANGE IN NIFTY AND 17750 TO 17800 IN SENSEX, SO USE THIS TO SQUARE OFF UR LONG POSITION, FRESH LONGS IS NOT ADVISABLE UP TO MARKET CLOSE AB 18300 FOR 3 DAYS, AND AS PER THE FIBONACCI RETRACEMENT, THERE IS A RESISTANCE AROUND 17730 TO 17750 RANGE, AND MARKETS WILL TRY TO TAKE RESISTANCE IN THIS AREA, SO NOTHING WILL HAPPEN IF WE ARE NOT IN MARKET FOR THIS 300 TO 500 POINTS UP SIDE (IF THERE IS ANY UP SIDE) , SO USE THIS RALLY TO CLOSE UR POSITION, AND DAY TRADE IS ADVISABLE TODAY, AND BOOK UR PROFIT OR LOSS TODAY ITSELF, DON’T TAKE ANY THINK TO HOME, TO BE IN SAFER SIDE, IF THERE IS ANY FURTHER UP MOVE I WILL INTIMATE U
BEST OF THE DAY
BUY BHARAT FORGE AB 311 TO 315 TAR 320, 324, S/L 305
BUY NIIT LTD AB 113 TO TR 118, 127, S/L 102 OR BUY NEAR 104 TO 103
SELL REL CAP BL 1419 TAR 1400, 1390, 1380, 1360, 1260, S/L 1435
STRIDES ARCO LAB, SATYAM, TISCO, UNION BK LOOKS GOOD TODAY SO BUY AT LOW
DO FOR DAY TRADE AND BOOK QUICK PROFIT, OR DON’T TRADE
IF U WANT FREE DAY TRADING CALLS FOR CASH AND F&O, FOR TRIALING PURPOSE FOR 1 WEEK, U CAN GIVE YOUR MOBILE NUMBER TO ADD YOUR NAME IN OUR S/W, THOSE WHO GAVE THEIR NUMBER FORGET THIS.PLS CALL 9944435803, 9944435801, 9952324551, AND REGISTER YOUR MOBILE NO,
