Wednesday, September 9, 2009

Market outlook for 09/09/09

Yesterday written that Nifty Future will face hurdle at 4846-4857 level. Go short around these levels and you can see it kissed 4845 & crashed intraday upto 4785 to close at 4808 level. Yesterday updated twice during trading hrs and I want that Traders should get complete guidance during trading hrs.
Now, what to expect from this level of 4808?
Already Nifty Future had closed above 4754 for 2 consecutive days if today too closes above this level then will see nonstop rally upto 4902-4952 level.
Today, what to expect?
If not crosses Yesterday’s high of 4845 & trades below 4828 then expect slide upto 4777-4760.
Decisive break below 4760 with volumes (should stay below for 5/10 minutes) will take to 4709-4692 level.
Hurdles: 4846-4857 level.

NIFTY Technicals:
Current Spot: 4805.25
Pivot: 4810
Supports: 4778 & 4750
Resistance: 4838 & 4869

Stock Ideas for the Day:
Buy Ster above 727 – 738 - 745 SL 721
Sell Ster below 721 – 713 - 706 SL 730
Buy RelInfra above 1190 – 1200 -1208 SL 1180
Sell RelInfra below 1180 – 1170 – 1162 SL 1190
Buy Reliance Industries above 2085 - 2100 - 2111 SL 2073
Sell Reliance Industries below 2040 - 2022 - 1995 SL 2055
Buy Ivrcl Infra above 357.30 - 360.73 - 366.30 SL 354
Sell Ivrcl Infra below 348.30 - 342.73 - 339.30 SL 353
Buy SesaGoa above 225.73 - 227.58 - 229.40 SL 221
Sell SesaGoa below 222.05 - 220.23 - 218.38 SL 223.40
Buy Bharti Airtel above 425.85 - 428.43 - 430.65 SL 421
Sell Bharti Airtel below 421.05 - 418.83 - 416.25 SL 426
Buy Icsa above 220 - 225 - 227 SL 216.50
Buy HCC above 108 - 109.25 - 110.50. SL 107.45
Buy LNT above 1620 - 1630 - 1642. SL 1609
Buy Indusind Bank above 99 - 101 - 103.40 SL 97.90
Buy Pantaloons above 316 – 319 – 323 SL 310

Positional call: (7-15 days)
Buy Astra Microwave @ Cmp Target 110
Buy Indiacem Above 132 Sl 120 Target 140

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

Thanks & Regards

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.

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