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DATE – 26th MARCH 2009
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Highly VOLATILE MARKET
Market Out Look
The market was highly volatile ahead of expiry. Today also mkt. bounce back in morning trade.
Option Strategy :
TODAY is expiry of this month the call of nifty 3000 & 2900 are most active because expected nifty gives closing between these level.
Sector trend : the metal , banking , capital goods , engineering , sectors are rising and moves positive. While the oil & gas sector are under some pressure.
Today's Techncial Outlook
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INDEX OUT LOOK
NSE : yesterday nifty fut. Closed at premium 2990 against nifty spot closed at 2984. possible nifty crossed 2910 and maintain . Above 3025 it will bull favour.
BSE : SENSEX hitting its highest level of previous month 9707 . TODAY POSSIBLE CROSS THESE LEVEL and may test 10000 mark in shortly.
JUST CHECK:
Do you remember what we told about Reliance "buy for the target of the 1520 1530"
Just check the closing of the stock!!!
Yesterday we told you all that buy bank nifty for the target of the 4150 just check its yesterday's high
EXACTELY THE SAME
Yesterday we told you all buy MARUTI for the target of the 750 did you see its yesterday's high IT IS EXACTELY THE SAME
DID YOU FOLLOW OUR THIS CALL
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: 3020 3050
LOWER SIDE: 2930 2880
TREND DECIDER WILL BE 2950
NIFTY: closed@2983
Good opportunity to buy only if trade above 2925, for the target of the 3020 3030
BANK NIFTY: closed@4123
Yesterday we gave you the exact target of bank nifty, for today if trades below 3990 then not think to buy. Upper levels may touch 4200.
MARKET WATCH
NSE INDEX:
Continuous bullish phase indicating the domestic investors and FII trust in Indian markets, we may assume that this bull run will last for some more days, if continuously trade above 2900 then in coming days we can see the levels of 3100 3200.
BSE INDEX:
Above 9500 no fear of bearish phase.
STOCKS TO WATCH
RELIANCE: (closing 1529.40)
Now the next move toward 1600 1650, but for that most importantly trade continuously above 1430.
SBI: (closing 1051)
We are kept saying, that buy this stock when it was trade under the 900 so how was our call? Do you remember?????
DLF: (closing 177.20)
Closed around its days high bullish above 168.
ICICIBANK: (closing 366.75)
Major support level for the stock is the 330 so long term buyers may buy this stock for the target of 400 410 with the stop loss of 330.
TATA STEEL: (194.35)
Very strong closing, but 205 is strong resistance level, if cross then next target will be 225.
AXIS BANK: (closing 396)
Closing around 400 is a strong buying indication.
CALL/ PUT STRATEGY
Nifty: 3000 call was so active we suggest you to buy this call for the target of the 40 50 for intraday.
Nifty: same time nifty 3000 put was so active so we can assume that this level will be most crucial level for expiry.
RELIANCE: Reliance 1440 call was so active so we will suggest you that it will be the decisive level for the stock.
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.
