Monday, September 14, 2009

Market outlook for 14/09/09

On Friday I had written to go short in Nifty Future with S/L of 4867-4872. Just see it kissed 4862 & crashed vertically. Do you remember…Crucial support was at 4790. It kissed low of 4795 & taken U -turn.
If you refresh your memory, I had written Monday-Tuesday to favour bears. Let’s see what will happen?
I don‘t change levels everyday. Today also concentrate on 4790 level. Once breaks this level Minor support at 4779.
Break below 4779 with volumes and trades below this level for 5/10 minutes will take to 4730-4710 level in hrs only.
Hurdle at 4867-4873. Crossover above 4873…rally upto 4890-4896.

NIFTY Technicals:
Current Spot: 4829.55
Pivot: 4825.75
Supports: 4795 & 4761
Resistance: 4860 & 4890

Target Nifty:
Buy Nifty At 4790 Stoploss 4772 Target 4830-4850
Sell Nifty At 4890 Stoploss 4915 Target 4850-4790

Buy Banknifty Above 7980 Sl 7940 Target 8020-8060
Sell Banknifty Below 7880 Sl 7940 Target 7840-7800

Stock Ideas for the Day:
Apollo Tyres : Buy Above 44 For Targets Of 48, 50 Sl 42
Rnrl : Buy Above 88 For Targets Of 92, 94. Sl 86
Rajesh Export : Buy Above 63 For Targets Of 66, 69. Sl 61
Sesa Goa : Buy Above 241 For Targets Of 246, 252 Sl 237
Gtl Infra : Buy Above 36 For Targets Of 38, 40 SL 35
GVKPOWER : Buy Above 49.50 For Targets Of 52, 54, 56 SL 47.40
Lakshmivilasbank : Buy Above 108 For Targets Of 110, 114, 118 SL 104
Dhanlakshmi Bank : Buy Above 159 For Targets Of 163, 167, 174 SL 150
Godrej Ind : Buy Above 198 For Targets Of 200, 202 SL 196.20
IFCI : Buy Above 59 For Targets Of 60 And 61.25. SL Of 58.10

Option Call:
Buy Tata motors 560 CA Sept @20 SL 16 target 28-34.

Positional Call: (7-15 days)
Ashco Industries : Buy Above 10 Targets 12, 14,16 Sl 8 Closing Basis

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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