Tuesday, October 27, 2009



Nifty (4971): the crucial support for the Nifty is at 4950-4900 and resistance is at 5050-5100-5183.upside possible 5100-5180 

Sensex (16741): The crucial support for the Sensex is 16700-16680-16425 and the resistance is at 17016-17107-17198

It was a volatile and weak day of trade for our market today and traders are jittery ahead of the RBI's credit policy tomorrow. This is also F&O expiry week so experts expect some choppiness. The market closed in the negative today with buying in IT and auto stocks and selling in realty and banking stocks. Sensex shut shop at 16740, down 70 points and Nifty at 4970, down 26 points from the previous close. CNX Midcap index was down 1.61% and BSE Small cap index was down 1.31%. The market breadth was negative with advances at 389 against declines of 891 on the NSE . Top Nifty gainers included Cipla, Ranbaxy and Tata Steel while losers were Unitech, DLF and Suzlon. 

we said ‘well the market has managed to stay above 4987 and so I would say the trend is still intact UP’ the market has cracked and closed below 4987 mark thus comprising the up trend but I still think 4900 will hold until F&O expiry and violent up move is still not ruled out to trap the shorts…

Free Intraday Tips 

REIAGROLTD ( Rei Agro Limited )
BUY ABOVE 50.5 sl-49.8 tgt1-51.8 tgt2-52.50 tgt3-53.80 tgt4-55
SELL BELOW 49.3 sl-50 tgt1-48.5 tgt2-47.50 tgt3-46 tgt4-45

BALRAMCHIN ( Balrampur Chini Mills Ltd )
BUY ABOVE 145.5 sl-144 tgt1-148 tgt2-150 tgt3-153 tgt4-156
SELL BELOW 143 sl-145 tgt1-141 tgt2-138 tgt3-136 tgt4-133

NATCOPHARM ( Natco Pharma Ltd. )
BUY ABOVE 125 sl-121 tgt1-129 tgt2-132 tgt3-136 tgt4-141
SELL BELOW 120 sl-122 tgt1-115 tgt2-111 tgt3-107 tgt4-104

ZEEL ( Zee Entertainment Enterprises Ltd )
BUY ABOVE 250 sl-245 tgt1-259 tgt2-265 tgt3-270 tgt4-275
SELL BELOW 243 sl-247 tgt1-238 tgt2-230 tgt3-222 tgt4-215

INDIAGLYCO ( India Glycols Ltd )
BUY ABOVE 154 sl-152 tgt1-158 tgt2-162 tgt3-165 tgt4-169
SELL BELOW 151 sl-153.5 tgt1-148 tgt2-145 tgt3-142.50 tgt4-140

TATAMOTORS ( Tata Motors Limited )
BUY ABOVE 543 sl-536 tgt1-552 tgt2-561 tgt3-570 tgt4-576
SELL BELOW 534 sl-540 tgt1-525 tgt2-505 tgt3-495 tgt4-480


Intraday calls tracking update

REIAGROLTD open 49.95 made low 46.50 almost tgt3 achieved

BALRAMCHIN open 146.80 high 150.35 target 2 achieved

NATCOPHARM open 125.50 high 129.85 tgt1 achived downside made low 111.15 target 2 achieved

ZEEL open 240 low 230.25 target 2 achieved

INDIAGLYCO open 150 made low 130.15 more thn tgt 4 achieved

TATAMOTORS open 535 high 563 target 2 achieved

Post a Comment

Subscribe to Post Comments [Atom]

<< Home

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

Subscribe to Posts [Atom]