Today….What to do ?
So…….. Shutdown your Terminals ,rather burn your fingers for long positions.
GOOD MORNING TO ALL
Market Participants
: For Any Queries contact us :
FOR ANY QUERY PLEASE MAIL US AT nsemagic@yahoo.com
Or contact us at 098850-24595 ( Happy singh)
DATE – 5th MARCH 2009
World Market :
Dowjones 6875 Up +149
Nasdaq 1353 Up +32
Nikki 7 488 Up +197
SGX NIFTY -9
Crude 45.05
Dollar 51.22
For Free Sms on Stock Tips and Updates
Write
Join NDTV_PROFIT_
Send to
567678
or log on to :
http://www.smsgupshup.zcom/groups/NDTV_PROFIT_
Only for Indian subscribers:)
MARKET WATCH
BE `CAUTIOUS' NIFTY CLOSED AROUND ITS STRONG SUPPORT THAT IS 2600
Avoid Long Position .......
Try to short at every rise
Today Nifty Resistance 2680-2700
Nifty below 2660, first target 2600, 2500
Below 2500 - there is no support
Last and Final Sell off
in Bear market Expected in
March 2009
which will take the
Nifty 2000 +
BSE 6000 +
NIFTY FUTURE + BANK NIFTY +CNX IT
Nifty future :
Corrective Rally continue....
As hold 2585.......
Today resistance 2690-2695 range.
Ultimate target 2200 below
NIFTY: . Today support 2611, break below it will test 2590, higher level it will face resistance 2655, crossover it will test 2690-2700, thereafter heavy supply can not be uled out. Lower level support 2637, 2511 2345.
WEEKLY: Trend Decider 2746, resistance 2814 2865, support 2695 2627.
BANK NIFTY: Lower level value 3566 3240 then 2722. today above 3600 short term positive. On rise sell only...... major resistance zone 4000-4100.
WEEKLY: Trend Decider 3874, resistance 3990 4087, support 3776 3661
CNX IT: Lower level value... 1987, 1881 1750. Today resistance 2041, 2050.
WEEKLY: Trend Decider 2056, resistance 2098 2102, support 2053 2011.
NSE INDEX:
Little gains cannot give us any buying opportunity, wait for strong upward trend. Trade below 2630 again gives us selling opportunity.
BSE INDEX:
8700 is the most crucial support for the index, closing below this do not think to buy.
STOCKS TO WATCH
RELIANCE: (closing 1210)
Closing above 1200 gives us a little hope for an buying opportunity, but for very short term.
SBI: (closing 942.85)
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.
SAIL: (closing 74.80)
Sail was on bullish ride on yesterday, closed around at its high more upward movement is expected.
RENUKA: (closing 82)
Closing above 80 is good sign, short term buying opportunity.
AKRUTI: (881)
Strong movement against the market, risky traders may buy this stock with the sl of 855 may touch 1030 in coming days.
ONGC: (closing 663)
Short term traders can buy this stock with the sl of 640, if mkt supports then coming target is 720 730.
CALL/ PUT STRATEGY
Nifty: 2800 call yesterday trade with heavy volume. If market support then buying opportunity from lower levels.
Nifty: 2600 put were shown selling pressure from upper levels with good volumes so we suggest do not buy this option for intraday trades.
RELIANCE: reliance 1200 call trade with good volume, with upward movement in last trading session our clients bought this @50 and its closing was 60 rs.
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.
No comments:
Post a Comment