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Advice for – Wednesday, March 10, 2010

Yesterday: As expected, Indian Stock Market remained flat with high level of volatility. Market was intact rangebound.

 

Today: Indian Stock Market is expected to open flat to positive. 5070 has again emerged into a very strong resistance for Nifty. Market would remain rangebound but would see some sharp movement in a day or two. Definitely there would be a profit booking at higher levels.

 

BSE Sensex: (17053): The support for the Sensex is 17000 and the resistance to the up move is at 17200-17280.

 

NSE Nifty: (5102) the support for the Nifty is at 5070 and the resistance to the up move is at 5150.

 

Advice for – Thursday, March 04, 2010

Yesterday: As expected, Market went up sharply to 17000 levels for sensex due to positive budget and better global cues.

 

Today: Indian Stock Market is expected to open flat to positive. 5125 would be our next target for Nifty. Overall market is positive for short term.

 

BSE Sensex: (17000): The support for the Sensex is 16500 and the resistance to the up move is at 17110-17280.

 

NSE Nifty: (5088) the support for the Nifty is at 5050 and the resistance to the up move is at 5125-5175.

 

Advice for – Friday, February 5, 2010

Last Trading session: As predicted by EquityPandit, Indian stock market opened in negative zone and went down sharply in afternoon due to worries of inflation after food inflation numbers rose to 17.56% and ended in negative region with a big gap. 

 

Today: Today Indian Stock market would open with a big negative trend with about 200+ points down or even more for sensex. Today the support levels of 16000 for Sensex and 4800 for Nifty is supposed to be breached. As we said yesterday, you should have enough cash in hand. Keep 50% of investment amount as cash in hand so that you can invest at lower levels of Nifty. Our targets of Nifty would remain same. Till then its good time for trading but again a cautious trading. 

 

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (16225) The support for the Sensex is 16000-15670 and the resistance to the up move is at 16580.

 

NSE Nifty: (4845) The support for the Nifty is at 4800-4760 and the resistance to the up move is at 4965-5027.

 

Advice for – Thursday, February 4, 2010

Last Trading session: As predicted by EquityPandit, Indian stock market opened with a small positive gap on the back of the positive global cues but went up sharply in afternoon and ended in positive region with a big gap. 

 

Today: Today Indian Stock market would open with negative trend. As we said yesterday, Market would be in uptrend until it breaches 4825. But this is only the correction and may go for other 2-3 days as too many shorts have been built up in market. One should book 50% profits in this correction. For investment purpose, investments should be done at every point as we expect market to go up after April 2010. But you should have enough cash in hand. Keep 50% of investment amount cash in hand so that you can invest at lower levels of Nifty by March 2010. Till then its good time for trading but again a cautious trading. 

 

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (16496) The support for the Sensex is 16300-16140 and the resistance to the up move is at 16645.

 

NSE Nifty: (4932) The support for the Nifty is at 4827-4760 and the resistance to the up move is at 4965-5027.