10/03/2010 - Market cues & calls
Guys sorry Just busy on some personal work. Soon will post my Nifty views.
Until We close below 5078 on Hourly basis on Nifty fut is a Buy for 5151 target. Today Nifty fut Holding 5113 will hit 5129 once crossing that will give us 5151. Once it trades below 5099 its likely to hit 5083 and 5060 where support will set in.
10/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5082 AND 5114
Happy Trading !!!!!!!!!!!!
Jay
Wednesday, March 10, 2010
Friday, March 5, 2010
4/03/2010 - Market cues & calls
Nifty opened flat on weak global cues and traded flat with -ve bias. Buying witnessed at lower levels made market to recover around closing. Market breadth remains positive. It stalled yesterday after 3 day consecutive bull run. Banking/realty stock witnessed buying at lower level suggest demand for these stocks will increase in coming days. Advance decline was in favor of Bulls.Lets see some of technical triggers today.
Nifty still have a pending target of 5111 hope we will get it today. Many blogs and websites shouting to short, why they say that I didn't know . when trend is clear to hit 5300 its better to go long at dips rather short @ high. Nifty has big resistance @ 5156 level where I feel profit booking for this move can start.5011 is the support and good area to enter long again.Nifty formed a hammer on EOD chart which looks good sign for continuation of this bull run.Nifty closed above 61.8% retracement for 2nd day suggest likely to hit 5310 in coming days.Banks will be the boss in todays trading with the big boy RELIANCE.Hope SBIN will hit our target 2100 today.
Astec lifescience
buy @ cmp 52.5
stop loss 49
target 61 - 66
10 days
Happy trading !!!!!!!
Jay
Nifty opened flat on weak global cues and traded flat with -ve bias. Buying witnessed at lower levels made market to recover around closing. Market breadth remains positive. It stalled yesterday after 3 day consecutive bull run. Banking/realty stock witnessed buying at lower level suggest demand for these stocks will increase in coming days. Advance decline was in favor of Bulls.Lets see some of technical triggers today.
Nifty still have a pending target of 5111 hope we will get it today. Many blogs and websites shouting to short, why they say that I didn't know . when trend is clear to hit 5300 its better to go long at dips rather short @ high. Nifty has big resistance @ 5156 level where I feel profit booking for this move can start.5011 is the support and good area to enter long again.Nifty formed a hammer on EOD chart which looks good sign for continuation of this bull run.Nifty closed above 61.8% retracement for 2nd day suggest likely to hit 5310 in coming days.Banks will be the boss in todays trading with the big boy RELIANCE.Hope SBIN will hit our target 2100 today.
Astec lifescience
buy @ cmp 52.5
stop loss 49
target 61 - 66
10 days
Happy trading !!!!!!!
Jay
Thursday, March 4, 2010
4/03/2010 - Market cues & calls
Nifty making good run from budget day as we discussed before and closed above 5080. Bank nifty was hot spot in yesterdays trade with realty pack.Reliance and SBIN made it for bulls yesterday.Most of the world markets are trading sideways with +ve bias. Sensex closed above 17000 mark after Jan 2010.lets see some technical triggers today.
Nifty done our positional target 4977 and 5050. Now 5011 on closing basis is the trail stoploss for positional long. Break out in Nifty happened for new high i.e 5300 mark. Bears will argue volumes are thin in this rise. But we saw many previous occasions like that where thin volumes had a big rally. Indicators are overbought until it breaks the overbought territory bulls will play extreme. We can expect big swings in market from here on. Buying @ current level is not advisable, just wait for a good retrace to enter long or with 5011 as strict stop one can try a long @ current levels.SBIN done our first target 2000 can book partially here and keep rest for 2100. Tvs motor done its target from 66 to 72. Long term traders can eye for EKC which has good demand @ current levels (119).
.
4/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5041 AND 5106
Indiabulls
buy @ cmp 114.9
stop loss 95
target 145
10 days
Northgate
buy @ cmp 18.9
stop loss 18
target 22 - 25
5 days
Note :: SUN OUTAGE from March 05, 2010 to March 18, 2010 between 11:00 hrs to 11:35 hours
Happy trading !!!!!!!!!!
Jay
Nifty making good run from budget day as we discussed before and closed above 5080. Bank nifty was hot spot in yesterdays trade with realty pack.Reliance and SBIN made it for bulls yesterday.Most of the world markets are trading sideways with +ve bias. Sensex closed above 17000 mark after Jan 2010.lets see some technical triggers today.
Nifty done our positional target 4977 and 5050. Now 5011 on closing basis is the trail stoploss for positional long. Break out in Nifty happened for new high i.e 5300 mark. Bears will argue volumes are thin in this rise. But we saw many previous occasions like that where thin volumes had a big rally. Indicators are overbought until it breaks the overbought territory bulls will play extreme. We can expect big swings in market from here on. Buying @ current level is not advisable, just wait for a good retrace to enter long or with 5011 as strict stop one can try a long @ current levels.SBIN done our first target 2000 can book partially here and keep rest for 2100. Tvs motor done its target from 66 to 72. Long term traders can eye for EKC which has good demand @ current levels (119).
.
4/3/10 >>>>>>> NIFTY FUT BREAKOUT LEVELS 5041 AND 5106
Indiabulls
buy @ cmp 114.9
stop loss 95
target 145
10 days
Northgate
buy @ cmp 18.9
stop loss 18
target 22 - 25
5 days
Note :: SUN OUTAGE from March 05, 2010 to March 18, 2010 between 11:00 hrs to 11:35 hours
Happy trading !!!!!!!!!!
Jay
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