Higher level profit booking expected

Read today's Nifty market trend on

http://www.investorinfo.in/Market-Trend/post/2010/08/20/Higher-level-profit-booking-expected.aspx

Market OutLook 11-NOV-2009

On mixed global cues market to open flattish note and to trade on the positive side during the morning session of trading and thereafter at higher levels some kind of selling pressure can be expected during from the second session of trading.

Yesterday nifty reacted from its strong resistance level of 4950 and could not sustain that level, As long as the trend is up nifty can test 5150 levels before reaching that level there could be small reaction to the extent of 4780, A close below this level can drag the nifty to 4550 levels.

One can be long in the market with a stop loss of 4780 levels.

Today in the intraday nifty to trade in the range 4820-4920 levels, either side break to give a new direction to the market.

Buy on dips will be the best strategy in the market condition for the next few trading sessions.

IN PHARMA SPACE ORCHID AND NATCO TO BE ACTIVE FOR THE DAY.IN IT SPACE NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56

Have a nice trading day.

Market Out Look 11-SEPT-2009

Nifty to extent last five days gains further on positive global cues, market is expected to trade on the higher side during the morning session and at higher levels selling pressure is expected in the afternoon session any fall in the market is buying opportunity in the market.

As long as nifty trade above 4750 no need to panic, today the focus will be on the IIP data for the month of July and market to react accordingly.

Nifty to trade in the range 4760-4830, either side break to give new direction to the market.

The revival of the Monsoon all over India to boost the sentiment further and one can see good activity in Fertilizer, seeds and pesticides stocks.

Buy CHAMBAL FERT, NAGARJUNA FERT, UNITED PHOS and KAVERI SEEDS short-term gains.

Technically nifty to have support at 4780/4750/4705 and resistance at 4830/4850/4890 for the day.

Have nice trading day.

Market Out Look 10-SEPT-2009

On global cues market to open on the higher side with positive bias for the day, nifty closing above 4790 continuously for the last three trading sessions indicates further upside from the current level and can test 5150 in the coming days.

Any intraday corrections are a buying opportunity for the traders as long as nifty trades above 4750 to need to panic.

Nifty to trade in the range 4780-4840, either side break to give a new direction to the market for the day.

Buying opportunity is seen in Reality, Media and Power sector stocks for the day, Buy NDTV, DISH TV ZEE TELE, RAJ TV, IBREAL, and UNITECH , POWER GRID for short-term gains.

Technically nifty to have support at 4780/4740/4720 and resistance at 4830/4850/4890 for the day.

Have a nice trading day.

Maret Out Look 09-09-09

On mixed global cues market to open flattish with negative bias for the first hour of trading and there after market to be volatile and buy on intraday dips will the best strategy with a stop loss of 4750 in nifty.

Yesterday nifty has once again closed above 4790 levels which is a good sign for the rally to continue to the extent of 5100 in the coming days.

Today nifty to trade in the range 4750-4840 levels, either side break to give a new direction to the market.

Activity is seen in Reality and mid cap steel sectors; one can buy UNITECH, IBREAL and VISA STEEL, ISPAT for short-term gains.

Technically nifty to have support at 4770/4740/4680 and Resistance at 4815/4840/4880 for the day.

Have a nice trading day.