stock market

Today….What to do ? 

GOOD MORNING TO ALL

Market Participants

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DATE – 4^th   MARCH 2009

World Market :

Dowjones 6726            Down -37
Nasdaq 1321               Down -1
Nikki 7172                    Down -56
SGX NIFTY                   -1
Crude    41.23
Dollar    51.93

 

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MARKET WATCH

BE `CAUTIOUS' NIFTY CLOSED AROUND ITS STRONG SUPPORT THAT IS 2600

NIFTY: closed@2590

DO NOT MAKE ANY MORE SHORT POSITION, LOWER LEVELS MAY SHOW SOME SHORT COVERING. BUT SELL ON EVERY RISE (ONLY).

BANK NIFTY: closed@3614.05

STRONG SUPPORT IS 3600; AGAIN WE ARE SAYING SHORT COVERING IS EXPECTED FROM LOWER LEVELS.

NSE INDEX:

Yesterday we told you below 2650 more new low's are expected just check what happened today?

BSE INDEX:

From last few sessions we are continuously warn you that below 8700 a long dip is expected, so have you notice yesterday's levels?

STOCKS TO WATCH

RELIANCE: (closing 1197.85)

Yesterday we told you sell on every rise, so enjoy our call. Again we are saying long term trader can sell this stock with the sl of 1320.

SBI: (closing 955)

The stock is below 1000, showing the intense weakness, even 3 booster packages not helped this leading stock. Long term investors with 1-2 years holding perspective can buy this stock on every dip.

BHARTI: (closing 597)

As yesterday we told you sell this stock on every rise, so keep going, and keep enjoying. Below 600 more weakness is expected.

ICICI BANK: (closing 295.55)

Unable to cross 325, below this level intense weakness in this stock, so sell with the sl of 325.

ROLTA: (68.65)

Long term trader may sell this stock with the sl of 75. Yesterday shown intense weakness, but think to buy only above 75.

LITL: (closing 116.90)

Closed around its low so short covering is expected, 100 is the most strongest support for this stock.

CALL/ PUT STRATEGY

Nifty: our clients are holding nifty 2500 put at 40 Rs, and its yesterday's closing is at 77 with the tgt of 100 rs.

Nifty: nifty 2800 call generated intense volume generated yesterday, heavy selling pressure seen from upper levels.

NTPC: NTPC 180 put showed high volume with zigzag movement, which suggest us that short covering may expected from upper levels.

RELIANCE: reliance 1290 call trade with good volume, short covering is expected from lower levels.

Buy -Put Option

Sell/Write Call

Is a strategy of

March 2009 FO Series

 

 

Investment Required : Rs. 10000 +

Return Expected : 100 to 1000 % PM

DISCLAIMER :

Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE.