BUY TATA COMM AT 256 SL BELOW 245 TARGET 275
Wednesday, June 16, 2010
Monday, June 14, 2010
SENSEX AS ON 11.06.2010/ UPDATE - 1
LOOK AT CHART ATTACHED.
STOCKS TO WATCH FOR SHORT TERM LONG POSITIONS :
BHEL/BIOCON/HDFC/RIL/SIEMENS/ACC
KEEP STRICT STOP LOSS
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UPDATE AS ON 14.6.10
MARKETS WERE POSITIVE WITH HELP OF RELIANCE GRP SHARES.WE ARE AT
RISING WEDGE BOTTOM TREND LINE AND REACHING UPPER END OF RISING
CHANNEL SO PROFIT BOOKING MAY COME AT HIGHER LEVELS IN STOCKS WHICH
HAVE RUN UP FASTER.
STOCKS TO WATCH FOR SHORT TERM:
SHIPPING STOCKS LIKE BHARTI SHIPYARD, ABG SHIP YARD, MLL
SUGAR STOCKS ; BAJAJ HIND, RENUKA SUGAR
OTHER LEGGARD SHARES LIKE MTNL
AS MENTIONED EARLIER 17630/5280 ARE CRITICAL LEVELS TO DECIDE BIGGER
DIRECTION OF MARKET.PROFIT BOOKING IS ADVISED REGULARLY AND TRADE
STOCK SPECIFIC ONLY
TECHNICAL UPDATE FROM KOTAK
The week past and expected
In the last week, the market has neither broken lows of the previous week nor the highs. But even though it went down
too steeply the market has managed to comeback to the previous highest level of 5150/17150 with an absolute recovery
in index stocks. On weekly basis, we may say that the market has managed rising channel and series of higher bottom, if
it sustains above the level of 5200/17400. Above 5200/17400, we may expect recovery up to 5400 again in coming few
weeks there after.
However, the dismissal of 4950/16550 may drag down the sentiment to 4785/4730 again, which is unlikely but one must
be prepared to see worst also where the global environment is still volatile.
If we go through world cues, then we may say that the Euro index is recovering as per expectations and may recover further
more as per chart. The best part is that the S&P 500 has managed the level of 1040 in the last week twice and in case
if it breaks 1110, then it may enter into medium-term bullish territory, which is again supporting factor for bulls. On
weekly basis, Dow and S&P has not yet given negative divergence that will keep the hope alive of reaching previous highest
level in the future.
For the day the level 5150 may again act as the major resistance and sustenance about it will lift the market to 5200 with
a major hurdle at 5165. On the lower side again the level 5080 may act as a major support for the market and failure to
hold the same may again weaken the sentiment to a psychological support at 5000.
Sector specific, we may expect out performance in Capital Goods and Infra, Oil and Gas and FMCG. We may expect profit
taking in Auto stocks and banking sector will remain stock specific. For pharmaceutical stocks our advice is to be a buyer on
declines. Technology will still remain unpredictable due to volatility in currencies.
--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.
- Alexander Graham Bell
Saturday, June 12, 2010
SENSEX AS ON 11.06.2010
STOCKS TO WATCH FOR SHORT TERM LONG POSITIONS :
BHEL/BIOCON/HDFC/RIL/SIEMENS/ACC
KEEP STRICT STOP LOSS
Thursday, June 10, 2010
NIFTY AS ON 8.6.10/ UPDATE AS ON 10.6.10
LOOK AT CHART ATTACHED
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UPDATE AS ON 10.6.10
UPWARD CHANNEL SHOWN IN CHART IS STILL INTACT AND WE ARE MOVING IN
UPWARD DIRECTION.YESTERDAY'S SHARP DNMOVES CREATED NERVOUSNESS AND
FEAR THAT SUPPORT AT 4961 MAY BREAK BUT IT SURVIVED AND TODAY ON
WEAKNESS OF US DOLLAR INDEX EQUITY MARKETS ARE SHOWING STRENGTH.
ON CROSSING 5078 WHICH WAS 61.8% LVL OF LAST FALL AS MENTIONED IN
INTRADAY CHART WE MAY GET RESISTANCE AT 5105 WHICH IS 76.4%
RETRACEMENT OF LAST FALL.
ON CROSSING 5105 NEXT RESISTANCE COMES AT 17150 WHICH IS IMMEDIATE PREV
TOP AS WELL AS APPRX RESISTANCE AREA BY BOTTOM TREND LINE OF RISING
WEDGE.
STOP LOSS FOR LONG POSITIONS AS PER 1-2-3 PATTERN STILL 16544
APPRX STOP LOSS BY UPWARD CHANNEL TREND LINE AT 16700.
STOCKS TO WATCH FOR VERY SHORT TERM LONG POSITIONS:
BHEL/LnT/IFCI/NTPC
METALS HAVE CORRECTED MAXM SO WE MAY SEE MORE PULL BACKS IN METALS
STERLITE /TISCO MAY SHOW FURTHER UPMOVES IN SHORT TERM
STRICT STOP LOSSES ARE MUST FOR THIS SHORT UPMOVE.
NIFTY INTRADAY 10.6.10 update
--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.
- Alexander Graham Bell
Wednesday, June 9, 2010
NIFTY FUTURE CHART FROM BLOG OF ILANGOJI
THIS LINK IS FOR NIFTY FUTURE CHART FROM ILANGOJI'S BLOG.
INTRADAY OPTIONS AS ON 9.6.10
LOOK AT CHART ATTACHED
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update as on 9.6.10 3.18 pm
we have broken green trend line giving support.
long positions not advisable.
Tuesday, June 8, 2010
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