Market outlook for 07/09/09

From last three days I was writing support for Nifty future was at 4548-4522 level. On Friday hurdle for NF was at 4628...crossover will take to 4663-4674 level.

Intraday on Friday I had updated to our Paid Subscribers: Above 4674 will kiss 4720 level. It went upto 4712 level and closed at 4696.

Now, what to expect from this level of 4696?

Many times I had written just concentrate on 4754 level. Two consecutive closes above this level will take to 4902-4952 level.

Today, just have an eye on 4720 level. Crossover above this level with volumes will take to 4754-4766 level in hrs only.

Support exists at 4653-4642.

Now suppose crosses 4766 then …Where will Nifty Future go?

Suppose kisses 4754-4766 & crashes then?

If breaks both support levels then?

More Details to our Subscribers.

NIFTY Technicals:
Current Spot: 4593.55
Pivot: 4652.65
Supports: 4608 & 4536
Resistance: 4725 & 4770

BUY NIFTY ABOVE 4750 SL 4630 TARGET 4840/4940
SELL NIFTY BELOW 4630 SL 4750 TARGET 4545/4444

BUY BANKNIFTY ABOVE 7500 SL 7400 TARGET 7600/7700
SELL BANKNIFTY BELOW 7400 SL 7500 TARGET 7300/7200

Stock Ideas for the Day:
Buy Ambuja Cement above 99.5 for targets of 102, 104, 106 SL of 97
Buy Cairn India above 260 for targets of 267 and 273. SL of 255
Buy GMR Infra above 135 for targets of 138 and 142. SL of 132
Buy RNRL above 86 for targets of 87.50 and 88.90. SL of 84.10
Buy Suzlon above 102.45 for targets of 104 106 108 110 SL of 100
Buy IDFC above 134-135.50 SL 132 target 140-143
Buy IFCI above 58 for targets of 59.10 and 60.25. SL of 57.20
Buy Praj Ind. above 104 for targets of 105.25 and 106.50. SL of 103
Buy HCC above 107 for targets of 108.50 and 109.80. SL of 105.25

Positional call: (7-15 days)
Buy Astra Microwave @ Cmp Target 110
Buy Hind Dorr Oliver @ Cmp Target 20-30%
Buy Skumars @ 48-49 Target 20%
Buy Prakash Ind @148-150 Target 175
Buy Deepakfert Above 88 Sl 83 Target 102
Buy Indiacem Above 128 Sl 120 Target 140
Buy Cambridge Technology Above 35 Sl 25 Target 45/55/65/75
Buy Creative Eye Above 6.5 Sl 5.5 Target 7.5/8.5/9.5/10.5

Fututre Premium Game
Buy Optocircuit Above 195 Sl 175 Target 215/235/255/275
Buy Icsa Above 220 Sl 190 Target 250/280/310/340
Buy Adlabs Above 360 Sl 320 Target 400/440/480/520
Sell Dlf Below 390 Sl 430 Target 350/310/270/230
Sell Mcdoweel-N Below 875 Sl 975 Target 775/675/575/475
Sell Renuka Below 185 Sl 215 Target 155/125/95/65

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks & Regard

Market Pulse S&P Team

Call 09831497250 or mail us @ S&P Team with your Name and Mobile No. for subscription offer of intraday calls during Market hours.