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(Daily)

NewsLetter

Date: - 12-10-09


WORLD MARKET



American Market

Dow Jones        +  78
Nadaq               +  15

Asian Market (Updated 7:20am)

Nikkei               +  184
Hangseng          -  19
Shrait Times     +  15





Points to Be Observed



ANALYSIS OF NIFTY INDEX



Future Intaday Nifty

Intraday Nifty pulls back possible 4970-4985 with resistance 5018-30. You can for short sell with stop loss 5022 above targets 4900-4889.

On The Friday, 4929 have seen as strong support and of below views. Below 4910 nifty falls into down breakout for positional.




Nifty Future Trend Decider View

4910-4929 is Support and targets 5115 & 5160-79 intraday possible.

Down break for more falls at 4905, below to it start seller & profit booking in the market.



CASH -Positional Nifty


Market is Trend is up-side (bullish); Nifty Target is possible 5176-5200 and 5300-5400 as positional.

Possible correction is 4910-4940 with support at 4870-85 for again up target as trend 5300-5500 for the October month.

Down Break – 4842 for more downtrend as retrenchment of 4480-4580 with 24%.




Level will Be Live Change



Buy JINDALSTEEL 593-588, Stoploss, 585, Targets 610 & 618-620 and delivery targets 632-645 & 705-09.


Buy NTPC 209-207, Stoploss 205.5, Targets 212-214.


BUY MRPL 84.50-83, STOPLOSS82.25, TARGETS 86.50- 87.

Buy EXIDEIND above 101, stoploss 99.5 for targets 105-106 & 109-11 intraday & BTST

Sell HCC 130.5-131, stoploss 132.5 targets 127.5 & 125-4

Buy IBREALEST 294 above, stoploss 293 targets 298 & 303-5





Future Trading:


Buy ESSAROIL (Oct. Future) 150-151, stoploss 148 for targets 154 intraday and positional 157-159



Delivery Calls:


Note: Trade with maintaining you quantities in mutual (all of below shares time to time as level)


 Buy ADANIENT 650-660, with stop loss 630 & targets 735 & 789 and 900 ++



Buy BPL 32-35 and stoploss 31 for targets 45-50 and 62



Buy IOL NETCOM LIMITED(IOLN) 28 above, stoploss 25 & targets 50 and 78 and 101 + +



Buy JK LAKSHMI CEMENT LTD (JKLAKSHMI) 130-135, with stoploss 124 152-156 & 178 to 200 ++



Buy LOGIX MICROSYSTEM LTD (LOGIXMICRO) 68-71 with stop loss 66 and targets 98 & 142 ++



Buy MUNDRA PORT & SEZ LTD(MUNDRAPORT) above 488 with stoploss 450 and targets 570 & 722 ++ (Long Term Delivery)

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