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DATE – 12^th    MARCH 2009

 

 

World Market

Dowjones 6930 Up +3
Nasdaq 1371 Up +13
Nikki 7296 Down -79
SGX NIFTY + 80
Crude 42.88
Dollar 50.95

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MARKET WATCH

Is a strategy of

March 2009 FO Series

 

Avoid Long Position .......

Try to short at every rise

No Buyers........

in the Market

Nifty Below 2500

No support .........at all.........

Trading Range

Nifty 2500 to 2600

Above 2600 - Buying Opportunity

Below 2500 - Selling Opportunity

Will Big Up move or

Big Down Move ?

Thursday/Friday

Positive bias likely....

and higher level selling opportunity

 

Believe it or not

New Bull Market in 2009

Subject to achieve

Nifty lower target 2200-2000-1800

BSE - 6000-6300 range.

Always Remember :

 

1.   The World did not stop lending, servicing & consuming, it moved on.

2.   Turmoil in stock market excellent buying opportunity for long term investors. (Expected return 100 to 300-500 percent in 12 to 36 months)

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Hold 2500 buying opportunity...above 2550, target 2585, 2630-2640.

Close Below 2500

Ultimate target

2000 Below

NIFTY: Lower level support 2637, 2511 2345.This is just the CALM before STORM - bigger picture still negative.

Today resistance 2600, 2608, crossover think short term positive, down side below 2555, it will test 2530-2520... trade and sustained below further weakness.

Close below 2500 non stop target 2250, 1900 mark.

BSE:

Lower level target 7500 in March 2009

Higher level major resistance 8630. Lower level value 8432 7972 7326

CNX IT

Lower level value... 1987, 1881 1750. Buying opportune

ty on panic. Today support 2000,below further weakness and likely test 1951, 1900 mark.

BANK NIFTY :

Lower level value 3566 3240 then 2722. Lower level target 3000-3050 mark and it should not break under any circumstance, otherwise you will see unbelievable price of All Banking Stocks. Weakness continue.....

Rupee V/S US DOLLAR

The depreciation of the rupee continue on account of shrinking of FIIs portfolio forcing them to sell at higher levels. It ended of 51.70. Likely test 55 in next few months.

DOW :

DOW: New low continue but over sold region. Major resistance 7200-7500, cross and close above, short term trend will be change. From over sold zone to bounce back continue.

STOCKS TO WATCH

RELIANCE: (closing 1151)

From last few trading sessions we are continuously saying that sell this stock with the stop loss of 1300.

SBI: (closing 889)

Below 1000 it will remain week, but long term investors can buy this stock for the perspective of 1 or 2 years.

RELCAPITAL: (closing 280.15)

Below 300 this stock will remain week, though closed around its day's high so sell on every high with the stop loss of 300.

DLF: (closing 122)

Remain bearish until cross 150, but be cautious this stock closed around its day's low so if little rise then sell with the sl of 150.

RENUKA: (73.65)

Short covering is expected, from lower levels.

BHARTI: (closing 684)

Sell this stock with the stop loss of 600.

CALL/ PUT STRATEGY

Nifty: 2600 call was so active, we have seen intense selling pressure in this option during last trading session, we can sell tins option with the sl of 65.

Nifty: buying on 2500 put had been witnessed, so this level will be act as a good support for the nifty.

RELIANCE: Reliance 1270 put buying was seen so we expect this stock will remain bearish in coming days.

 

 

COMMODITY BAZAR

: METAL :

 

GOLD (APRIL): . Just check, we are advising to sell 15800-16000 and heavy profit booking on the card. Today resistance 15200, down side below 14800 with volume likely test 14500 and lower level buying opportunity.

Weekly Trend Decider 15507 Weekly Resistance levels are 16500 while Support are 14500.

Monthly Trend Decider 15151 Monthly Resistance levels are 17275 while Support are 13027.

       SILVER (May): Strong support 21800, below further weakness... higher level resistance 22500, For long keep a stop loss 21500

Weekly Trend Decider 22400 Weekly Resistance levels are 23525 while Support are 21300.

Monthly Trend Decider 21900 Monthly Resistance levels are 26100 while Support are 17650.

CRUDE (Mar) Greatest influence on the global and local market. Technically looks good and decline to buying opportunity. Trading range 2200 to 2300.

From 10.35 US $ (1998) to 147 US $ (2008) and bottom was established at 33 US $. Momentum indicator indicate positive bias with consider strong support 40, 33 US $. Higher level resistance 48 US $ crossover and close above it will show power.

Trading Range

40 to 48 US $

Weekly Trend Decider 2230 Weekly Resistance levels are 2500 while Support are 1950.

Monthly Trend Decider 2150 Monthly Resistance levels are 2626 while Support are1675.

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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.