Monday, October 19, 2009

 

DAILY MARKET OUTLOOK - 20th Oct 2009

Nifty: (5142) The crucial support for the Nifty is at 5080-5110 and resistance is at 5183-5219 and upside possible 5180-5222

BSE Sensex: (17326) The crucial support for the Sensex is 17000 and the resistance is at 17356-17439

The muhurat trading session today ended quite flat with the market closing in the red. Sensex shut shop at 17326, up 3 points and Nifty at 5141, down 0.3 points from the previous close. CNX Midcap index was up 0.6% and BSE Smallcap index was up 1.4%. The market breadth was positive with advances at 915 against declines of 228 on the NSE. Top Nifty gainers included Sterlite Industries, RCom and Ambuja Cements while losers included ICICI Bank, Cipla and ONGC.

Out of 179 securities, stock futures on 177 underlying securities got traded. The total number of contracts traded was 156963 with a traded value of Rs.5324.65 crores

we said ‘technically the trend is still intact UP but I would not rule out VOLATILITY as the market is at a very crucial juncture’ the market has achieved its target of 5154 and there is no sign of weakness as yet…technically trend is still intact up as along 5100 holds…analysis still remains the same…

INTRADAY CALLS

GSPL ( Gujarat State Petronet Limited )
BUY ABOVE 87.5 sl-86.7 tgt1-88.5 tgt2-90 tgt3-91.20 tgt4-92.50
SELL BELOW 86 sl-87.2 tgt1-85.3 tgt2-84.20 tgt3-83.30 tgt4-82.50

WELSPUNIND ( Welspun India Ltd )
BUY ABOVE 67.5 sl-65.6 tgt1-68.50 tgt2-69.50 tgt3-70.40 tgt4-71.10
SELL BELOW 65 sl-66 tgt1-64 tgt2-63 tgt3-62 tgt4-61

PARSVNATH ( Parsvnath Developer Ltd )
BUY ABOVE 138 sl-136.5 tgt1-139.5 tgt2-142 tgt3-143.50 tgt4-145
SELL BELOW 135.5 sl-137.5 tgt1-134 tgt2-132.90 tgt3-131.50 tgt4-130

LITL ( Lanco Infratech Ltd. )

BUY ABOVE 572 sl-566 tgt1-578 tgt2-584 tgt3-591 tgt4-596
SELL BELOW 561 sl-568 tgt1-556 tgt2-550 tgt3-546 tgt4-540

STAR ( Strides Arcolab Limited )
BUY ABOVE 176 sl-173.5 tgt1-178 tgt2-180 tgt3-182.50 tgt4-185
SELL BELOW 172 174.5 tgt1-169.90 tgt2-167 tgt3- 165 tgt4-163

KALPATPOWR ( Kalpataru Power Trans. Ltd. )
BUY ABOVE 1005 sl-978 tgt1-1028 tgt2-1040 tgt3-1065 tgt4-1080
SELL BELOW 973 sl-985 tgt1-955 tgt2-935 tgt3-910 tgt4-890

Labels:


Comments:
5247 Possible High For 20 Oct 09 (Tuesday Trading)

Markets Heading High For 5350-650 in Short Term :-)

IIFPL Mentor :-)
 
Intraday calls tracking update
WELSPUNIND open 69.70 high 73.95 rocket star above then tt4 achieved

PARSVNATH open 137.80 made low 132.20 almost tgt3 achieved

LITL double booster both ways hit open 569.85 made high 579 tgt1 achieved and made low 547 almost tgt3 achieved

STAR rocket star of the day open 177.95 made high 189.30 more thn tgt4 achieved

KALPATPOWR second double booster both ways hit open 1005 made high 1044 tgt2 achieved made low 956 tgt1 achieved
 

Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]