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DATE – 13th MARCH 2009
World Market
SGX NIFTY 2678 +94
DOW +3.3%
NASDAQ +3.8%
NIKKEI +4.6%
STRAIT +3.2%
HSENG +3.6%
SHANGHI +0.6%
DOWfut -0.2%
NSDQfut -0.4%
CRUDE46.76
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Some one's getting richer in this Bear market -
Why not you ?
How to prudently grow your wealth,
even when others are loosing everything.
Nifty Strong Resistance
2700 then 2800
Banking Stocks
Over sold....
Corrective rally may very limited 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.
NIFTY FUTURE + BANK NIFTY +CNX IT
Nifty future :
Hold 2500 buying opportunity...short term trading opportunity.
Today above 2625 buy side.....
Close Below 2500
Ultimate target
2000 Below
NIFTY :
NIFTY: Lower level support 2637, 2511 2345. This is just the CALM before STORM - bigger picture still negative. Today support 2600, it will face resistance 2637, crossover it will test 262, 2680.
Close below 2500 non stop target 2250, 1900 mark
BSE:
Today support 8275, crossover 8450, it will test 8600-8630, thereafter heavy supply can not be ruled out.Lower level value 8432 7972 7326. Close below 8260, big sell off will take 7500, 7200 mark.
CNX IT
Lower level value... 1987, 1881 1750. Buy on panic....... 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. Today buy above 3440 with stop loss 3380 target 3500 mark.
Rupee V/S US DOLLAR
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. Some more upside . The near term target 7365, lower level support exit 6955, below further weakness and first sign of corrective rally fizzle out.
STOCKS TO WATCH
RELIANCE: (closing 1201)
The whole "R" group was leading the market, and closed around its day's high gives us a hope for more recovery in markets. If trades above 1190 then next tgt will be 1225, 1250 and the support will be the 1165 and 1148.
SBI: (closing 911)
If trade above 915 then may touch 951 but below that may reach 890 and 875.
HINDUNILEVER: (closing 225.65)
Closed around its day's high, if trade above 225 then may buy for the tgt of 235 and 240 but below 225 may touch 210 and 200.
NTPC: (closing 174)
Below 180 this stock will remain bearish so long term traders may sell this stock with the sl of 180.
ICICIBANK: (284)
Good movement yesterday, but it was only the short covering below 300 this stock will remain week
ONGC: (closing 681.80)
From last few days we are continuously saying that buy this stock with the stop loss of 640. So how was our call?
BHARTI: (closing 548.60)
Showing the movement against the market trend, as we told you earlier that below 600 it will remain week so sell this stock with the stop loss of the 600.
CALL/ PUT STRATEGY
Nifty: we have seen some recovery in nifty 2600 put during last trading hours, but it trades with the good volume so keep watching more movement is expected.
Nifty: at the same time 2600 call also shows a good volume and among the most active call, so we can assume that 2600 level will be the most important resistance for the nifty future.
BHARTI: put of 560 strike price was so active that is why we have seen bearish movement of this stock yesterday; we can assume that 560 will be the strongest resistance for this stock.
COMMODITY BAZAR
: METAL :
GOLD (APRIL): . Strong come back from the lower level with consider strong support 14800.... Today resistance 15500.
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): , Today below 21700 further weakness and selling opportunity. 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 (APRIL) Excellent support of 2300 mark, below further weakness. Higher level selling pressure continue.
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.
