The strong positive close on Friday indicates that there is some steam left in the market, though nifty is at over bought zone it appears that it will test 4550 level in this week itself, If hold above this level then further rally can be seen still 4800 levels in the coming days with some correction with strong support at 4500 level.
Nifty to trade in the range 4414-4800 for the next few trading sessions, either side break to give new direction to the market, if nifty holds above 4800 levels then can test 5150 levels before the budget itself.
Watch for banking and shipping stocks for the day.
Today we will be booking profits in IDEA CELL and fresh position will be taken in DCB and GUJ NRE COKE, if holds 42 and further addition will be done in HOTEL LEELA.
Nifty can take support at 4430/4415/4400 and resistance at 4510/4555/4570 levels for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Sunday, May 31, 2009
Thursday, May 28, 2009
Market out Look 29-5-2009
On global cues market to open flattish with positive bias for the first hour of trading and selling can be see to the extent of 40-50 point in nifty from the high of first hour.
Buy on decline will the best strategy in this market condition.
Today the action will be in the banking and steel stocks.
We still have the position in Idea cell , Chambal, Zicom and Noida toll,If you have position in idea cell then you can sell at 91.
Today we will be taking fresh positions in DCB ,If it holds above 42 levels.
In penny stocks we have huge position in cals Refinery @ 0.35, now it is at 0.87 paise, one can buy this stock at current levels for a target of Rs 7-8 in years time.
Today nifty can take support at 4310/4270/4235 and resistance at 4370/4390/4410 for the day.
Buy on decline will the best strategy in this market condition.
Today the action will be in the banking and steel stocks.
We still have the position in Idea cell , Chambal, Zicom and Noida toll,If you have position in idea cell then you can sell at 91.
Today we will be taking fresh positions in DCB ,If it holds above 42 levels.
In penny stocks we have huge position in cals Refinery @ 0.35, now it is at 0.87 paise, one can buy this stock at current levels for a target of Rs 7-8 in years time.
Today nifty can take support at 4310/4270/4235 and resistance at 4370/4390/4410 for the day.
Monday, May 25, 2009
market Out Look 26-05-2009
On global cues market to open flattish with positive bias for the first hour of trading and at higher levels be cautious as selling expected at higher levels.
For nifty major support is at 4100-4150, break below 4100 can drag the nifty to 3850 levels in the coming days.
Decline should be used as buying opportunity from the long tern point of view.
Activity can be seen in the mid cap and banking stocks for the day.
I am still long in chambal fert and yesterday have taken position in Rec and power Grid for my clients.
Nifty can take support at 4206/4180/4150 and resistance is at 4270/4303/4350 for the day.
For nifty major support is at 4100-4150, break below 4100 can drag the nifty to 3850 levels in the coming days.
Decline should be used as buying opportunity from the long tern point of view.
Activity can be seen in the mid cap and banking stocks for the day.
I am still long in chambal fert and yesterday have taken position in Rec and power Grid for my clients.
Nifty can take support at 4206/4180/4150 and resistance is at 4270/4303/4350 for the day.
Subscribe to:
Posts (Atom)
Posts
