Tag Archives: Government

Advice for – Thursday, March 05, 2009

BSE Sensex: (8446) market regain in the last hour of trade & still trading around major support level of 2650.Market mainly gain because of Metal support. Today market will start on positive note backed by RBI move & Positive global market. But we still believe that shorts will be the best opportunities on gain because market has not shown any strength unless market crosses the mark of 8700.

The support for the Sensex is 8150 and the resistance to the up move is at 8600-8700

Nifty: (2645) the support for the Nifty is at 2600-2550-2500 and the resistance to the up move is at 2700-2730

Advice for – Wednesday, March 04, 2009

BSE Sensex: (8427) market reached our first target of 8400 & moving towards our second target of 8100.We firmly believe that if 8150 should be held so some trading can be done on that level. But if it broke that level also than 7500 would be the next target for the sensex.

The support for the Sensex is 8150 and the resistance to the up move is at 8600-8700

 

Nifty: (2622) the support for the Nifty is at 2600-2550-2500 and the resistance to the up move is at 2700-2730

Advice for – Tuesday, March 03, 2009

BSE Sensex: (8607) as we said market has not shown any sign of up-moves & again we are in the process to see new lows. So stay away from the market and wait till this market broke the resistance level of 8800.Till that it is very weak market.
 

The support for the Sensex is 8390-8150 and the resistance to the up move is at 8700-8800

 

Nifty: (2675) the support for the Nifty is at 2630-2610 and the resistance to the up move is at 2730

Advice for – Monday, March 02, 2009

Last Week: Despite dismal GDP data our market recovered sharply and closed on a good support. Market is now showing some strength.

Today: Today it is interesting to show hove RIL share moves in the market most of analyst believe that RIL would be most beneficiary from this and it would surge when it opens on Monday but our team firmly believe that it is not the time to do trading activity in any of the reliance shares specially RPL. If you are investor than it is the good time to buy RIL else it is advisable to stay away even if it climbs today. Market movement will lot depend on RBI rate cut and global financial markets. But still we would like to stick on our point that any up move would be welcomed with a Shorting

BSE Sensex: (8891) The support for the Sensex is 8700 and the resistance to the up move is at 9000.

NSE Nifty: (2763) the support for the Nifty is at 2720 and the resistance to the up move is at 2800.
.

Today’s Pick:

– Buy SBI around 996 with an intraday target of 1020-1035 with a tight stop loss of 990.
– Buy HDFC around 1260-1254 with an intraday target of 1280-1300

Profit booked through our yesterday picks:

– Yesterday target for L&T is completely achieved with a profit of 10rs per share.
– Cairn India just reached our first target of 170rs.