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DATED : 29^th      April. 2009

WE WISH YOU ALL THE BEST FOR YOUR SUCCESFUL

 TRADING DAY.

CURRENT POLITICAL ENVIRONMENT MAY LEADS THE VOLATILITY IN MARKET

Buy Nifty Future at 3370 ; Stop Loss 3342 ; Target 3408,3426,3435,3468

Sell Nifty Future below 3342; Stop Loss 3368 ; Target 3320,3292,3263,3240

 

Outcomes of Elections in India

If + but

1. If congress-Led coalition (without support of Left) :Already response in the market and price.

2. If congress Led coalition with communist support.- Rally will fizzle out.

3. BJP-led alliance : Market response - Major correction but in long term positive for investors - target 12500-13000

4. Third Front : Disaster in the market. Sensex could fall below 8000 and lower.

Source : fullermoney.com

 

NIFTY TODAY'S DECISIVE LEVELS:

UPPER SIDE: 3390 3430

LOWER SIDE: 3320 3280

TREND DECIDER WILL BE 3390

BULL RUN IS STILL REMAINING ABOVE 3280

 

Market Out Look

THE MARKET SLIPPED DOWN AND MAY BE UN CERTAIN TODAY DUE TO EXPIRY OF A MONTH .TODAY POSSIBLE OPENS FLAT AND GOES DOWN DUE TO SELLING PRESSURE.

Option Strategy :

HE EXPIRY IS EXPECTED BETWEEN 3400---3500 SO AT UPPER SIDE CALL OPTION OF 3500-3600 ARE MOST ACTIVE AND ANOTHER SIDE PUT OPTION OF NIFTY 3300 ALSO ACTIVE .

Sectortrend: ALL SECTORS ARE LOOKING UNDER PRESSURE REALTY,BANKEX,METAL, ALL SHOWS DOWNSIDE TREND WHILE AUTO AND IT SECTOR ARE EXPECT TO PERFORM WELL.

STOCKWATCH:THE RCOM ,SAIL ,RNRL, AND TATA MOTORS ARE LOOKS POSITIVE WHILE REL INFRA,DLF,STERLITE ARE SHOWING DOWNSIDE TREND.

 

NIFTY: closed@3354

Yesterday we warn you all, that fresh buying should be only above 3390, same level should follow further. Major support level for the may nifty future will be 3280 and most strong resistance will be the 3530.

For today buy nifty only above 3390 for the target of the 3420 3430 or strong rally may push the nifty toward 3480 & 3500 but keep stop loss of 3360, now selling side will be only below 3380 with stop loss 3410 for the target of 3340 3325.

BANK NIFTY: closed@4921

4800 will be the major support, sell only below this level, for the target of the 4700 4650. Otherwise buy with the stop loss of the 4800 for the 500 5100.

INDEX OUT LOOK

NSE : YESTERDAY AFTER FLAT OPENING NIFTY GOES SLIPPPED DOWN ,TODAY MARKET LOOKS HIGHLY VOLATILE DUE TO EXPIRY OF A MONTH NIFTY CLOSED AT 3362 ,IF NIFTY CROSSED ITS MAJOR RISTANCE OF 3470 THEN AGAIN GO TO 3500 OR ABOVE BUT BELOW 3300 CONTINUE SLIPPED DOWN.

BSE : SENSEX ONCE A TIME GOES DOWN TO ITS MAJOR SUPPORT OF 11000 AND FINALLY ENDED AT 11001. IF SUSTAIN AT CURRENT LEVEL OF 11000 THEN GOES TO 11210-11450 AND BELOW 10900 WE SEE DOWNSIDE TO 10700---10530.

 

 

 

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STOCKS TO WATCH

"R" GROUP RESULT ANNOUNCEMENT ON 23^RD APRIL

TOP PICKS OF THE DAY RELIANCE: (closing 1734.60) Maybe fresh buying ought to continue in this stock with the strict stop loss of the 1680, may buy for the target of the 1770 1790. Dare to short only below 1680. SBI: (closing 1234.40) Intense profit booking seen from upper level but fresh buying may continue above 1200 for the target of the 1260 1270. But below 1200 short selling will dominate the stock. HDIL: (closing 139.15) From last few days we are continuously saying this that major support level for this stick will be 138, you just check the stock closed above its support level. Below more weakness is possible may reach 125. But above 138 the stock may show the upward move. TECHM : (closing 317.65) Yesterday our clients sold this stock at 342 for the target of the 325, we hope they have enjoyed our call. We are bearish in this stock again only below 335 may reach 300. But above upward movement will start. BANKOFINDIA: (closing 250.55) Closed around its major support level, below this more weakness is continue, buy this stock only above 265, otherwise selling mode will continue. IDFC: (closing 67.80) We told you earlier that the major support level for the stock will be the 67, the closing of the stock is exactly same more down side is expected below this stock. INFOSYS: (closing 1430.75) Today our clients sold this stock at 1458 for the target of the 1220, you just calculate the profit what they have earned? The major support level for the stock will be the 1400 and then 1380 below this level free fall. Otherwise if not break 1380 then fresh buying may started. CALL/ PUT STRATEGY Nifty: 3400 call shows good volume we must trade according the trend. Nifty: may buy 3600 may call. INFOSYS: 1440 call is so active.

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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.