What’s going on in the market ?Be cautious markets may turn any time ,it’s a temporary rally !
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DATE – 27th MARCH 2009
WORLD MARKETS
SGX 3075 +11
DOW +2.2%
NASDAQ +3.7%
NIKEI +0.2%
STRAIT -1.4%
HSENG -0.3%
SHANGHI 0
DOWf -0.4%
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Market Out Look
AS NIFTY & BSE BOTH TOUCHES THERE KEY LEVELS OF 3100 & 10,000 THAT INDICATES SOME BULLISH PATTERN.
Option Strategy :
Yesterday expiry occurs and around 60% positions are shifted in APRIL. The call of nifty 3100 & 3200 strike price was most active with high volume and open interest which indicates some positiveness.
Sector trend : THE POWER, BANKEX, I.T, TECK, AUTO, FMCG, PSU sectors all moving in positive direction and support the market to go upside.
STOCK WATCH: ALL heavy weight like MARUTI, WIPRO, TATASTEEL, BHARTIAIRTEL, RELINFRA, ALL ARE RALLIED
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INDEX OUT LOOK
NSE : yesterday nifty ended at 98 points higher at 3082after crossed the 3100 level. Now today possible nifty support these high level.
BSE : THE BSE SENSEX ended with a gain of 335 points at 10,003. these is a very key resistance level , if market will sustain here then we can see another rally, but some covering may be possible. More up side and it will test 10500 mark or maximum 11000, whereas rally will be fizzle out.
STOCKS TO WATCH
RELIANCE: (closing 1573)
Movement occurred during last trading session, 1600 and 1650 will be the next target, provided that it should maintains 1480 level.
SBI: (closing 1095.50)
We are kept saying that buy this stock when it was at 850 so how was our call? Do you remember?????
ONGC: (closing 809.30)
Closed around day's high long term investor should buy this stock with the stop loss of 740 for the target of the 830 850.
INFOSYSTECH: (closing 1385)
Yesterday it seems that Infosys was leading the whole market especially during session, strong buying indication with the stop loss of the 1330.
DLF: (176.20)
Closed around day's low runs against the market movement, but any time it can change its way and move toward the 190, so short sellers be careful.
BHARTI: (closing 622)
From last few days we are saying that above 600 this stock is so strong, so have you enjoyed it yesterday?
CALL/ PUT STRATEGY
Nifty: 3200 call is so active we suggest buy this stock.
Nifty: 3100 call is also active so overall bullish move may continue for some more time.
INFOSYS: Infosys 1410 1430 call may buy for short term.
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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.
