GOOD MORNING TO ALL
Market Participants
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DATE – 24th MARCH 2009
World Market
Dowjones 7775 Up +497
Nasdaq 1555 Up +98
Nikki 8386 Up +171
SGX NIFTY Up +30
Crude 53.62
Dollar 50.08
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Market Out Look
STRONG OPENING WITH UP SIDE GAP..........AND WHOLE THE DAY REMAIN POSITIVE SIDE.
Option Strategy :
THESE WEEK WE PREDICT MARKET UPSIDE SO CALLS ARE MORE ACTIVE OVER ALL HEAVY LONG POSITIN WERE SEEN IN APRIL SERIES IN NIFTY CALL LIKE 2800-2900-3000.
IN STOCK FUTURE : DLF, Rel Capital, Educom, ICICI Bank looks sharp accumulation of open interest in long side. On the other hand Infosys, Bharti, Tisco, some drop in open interest, whereas in April Series Suzlon, Unitech, ITC, DLF in long side.
Today's Techncial Outlook
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JUST CHECK:
Just remember from last so many day's we are continuously saying that 2830-2840 is the major resistance for nifty, just check its yesterday's low
Yesterday we told you that Reliance real strength will only show if breaks 1350 just check its yesterday's low
Yesterday our clients bought 2900 call @25 check its yesterday's high
WE HOPE YOU ALL OUR VISITORS ENJOY IT
STILL YOU NEED TO CHECK OUR PERFORMANCE!!!!!!
WE WISH YOU ALL THE BEST FOR YOUR SUCCESFUL TRADING DAY.
NIFTY TODAY'S DECISIVE LEVELS:
UPPER SIDE: 2980 3000
LOWER SIDE: 2845 2800
TREND DECIDER WILL BE 2900
NIFTY: closed@2938
Smart gains, for smart investors. Above 2900 and if maintain the closing then we may seen 3100++ in coming days.
BANK NIFTY: closed@3940
Major resistance level will be the 4050 if breaks then next target will be 4150 4250, and the major support will be the 3700.
MARKET WATCH
NSE INDEX:
For index the most important level will be the 2800 if continuously maintain this then next target will be the 3000.
BSE INDEX:
Form last few days we are kept saying that 9100 is the major resistance if breaks this then only think for bullish run, now if it maintain the closing above 9100 then next target will be the 9500 9700.
STOCKS TO WATCH
RELIANCE: (closing 1435)
Yesterday it shows the strength like a real leader, we already mention in our news letter that 1350 is so decisive level if breaks this then real strength will show. Now 1480 is the most powerful resistance and 1300 will be the major support levels.
SBI: (closing 1022)
From last so many days we are saying that below 950 long term buyers can buy this stock did you follow us? Now for short term trader buy this stock with the stop loss of 995.
ICICIBANK: (closing 347)
Buy this stock with the stop loss of 330 for the target of the 360 380.
NTPC: (closing 183.35)
If continuously maintain 180 then its next target will be the 190 195.
INFOSYS: (1332)
Closed around its day's high buy this stock with the stop loss of 1305.
LT: (closing 606)
Buy this stock with the stop loss of the 600 for the target of 620 630.
SAIL: (closing 95.65)
Moving toward 100 so what R U thinking?
CALL/ PUT STRATEGY
Nifty: nifty 2900 call was so active buy this for the target of 125 145.
Nifty: nifty 3000 call will show more movement today so buy with the stop loss of 10.
RELIANCE: buy reliance 1480 call showed a good movement yesterday.
For detail contact us on 098850-24595 or mail us at nsemagic@yahoo.com
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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.
