Update-25th feb 2010

25th feb 2010
RCOM- Made a low 0f 154.2,call given short below 158.
Orchid Chem Call initiated.

24th Feb Update
RELINFRA : Immediate target of 965 achieved.Made a low of 961.
RCOM: Call initiated. Made a low of 156.8.

Click Here for the call summary

Short Sell after budget. The new downfall.

We are not bullish in Metals,Sugar & Auto stocks.

BAJAJ AUTO Below 1696 be short on this stock for target of 1654-1636. Stop Loss 1732.

ABAN Below 1158 this stock will kiss 1104 and lower. stop loss 1203.

TATA MOTORS Below 658,Stock will touch 630 ,604.SL-688.

TATA STEEL Below 541-504 target. Stop Loss 564.

NIFTY SPOT Below 4770- will see 4674.SL- 4845.

UPDATE-SHORT given on 23rd feb 2010

24th Feb Update
RELINFRA : Immediate target of 965 achieved.Made a low of 961.
RCOM: Call initiated. Made a low of 156.8.

Click Here for the call summary

STOCK FOR SHORT-SELL For Future traders or exit Long

ALL given Stock are on GIVEN LEVELS.

1 JINDAL STEEL: Close Below 600,immediate target 583.
Close Below 578, Target 552.Stop Loss 622.

2 REL INFRA : Close Below 980 or trade below. Immediate target 965. Close Below 950 will take it 880. STOP LOSS 1008.

3 Bharat Forge : Close Below or trade below 233, will take it 216.

4 NIFTY SPOT Close Below 4670. Immediate target 4565. SL 4757.

5 GE SHIPPING Close Below 250. Immediate target 235-225.SL:263

6 RCOM Close below 158. Ultimate target 134.SL above 171.

7 ULTRATECH CEM Close below 985, will take it to 936.Stop Loss 1002.

8 ORCHID CHEM: Close below 163.immediate target 145.

9 BHUSHAN STEEL : Close below 1592, Immediate target 1552,
And Close below 1543, will take it to 1480. Stop Loss 1623.

10 HDIL Close below 284. immediate target 270,253.STOP Loss 302

11 INDIA INFOLINE Below 108,immediate target 96-88. STOP Loss Close above 120.

12 CIPLA Close below 300,immediate target 286. SL 314.

13 TITAN Close below 1696 will take it 1664.SL 1740.

UPDATE-19th Feb

NIFTY SPOT:on 17 th feb ,i advice ,if nifty goes below 4895 will see 4851-4842.

Currently trading at 4828. Just see how it gives 50 points in just on 2nd trading day.

Nifty-Coming days view

NIFTY SPOT: Close 4914. High 4929.

Nifty has strong resistance at 4940-50 level.

Support exist at 4895.

If nifty Goes below 4895, we can see panic selling upto 4852-4841.

Update-17th Feb 2010

ABAN : Made a high 1279.8, Near to our target of 1288.Our call given for Monday buy above 1200. Given 6.5% return in 3 trading days.
For Non risk,we have advice to buy above 1233. so in one trading day it zooms from 1233 to 1279.

Bharat Forge : our immediate target of 259 achieved,made a high of 260.5 and close was 251.3. Our call buy above 252.5. Call was initiated yesterday.

NIFTY On 8th feb i have wrote that nifty will go up and my ultimate target is 4920.it made a high of 4925,and close to 4914.

See details of that post.

UPDATE-15th Feb 2010. MONDAY

Jayshree Tea Immediate target of 334,achieved. Made a high of 338.8.
Our other target is 348.Call given yesterday. to buy at 322. It was open at 324.20

SRF-MAke a ride on others tyre

SRF LTD: CMP-184.9 BUY above 187 ,with support of 180.for immediate target of 192,198.
Keep A stop Loss of Close Below-174.
This Stock looks risk free buy but only above the given level.

ABAN OFFSHORE- Drilling in it give us black gold.

BUY this stock above 1200 for immediate target of 1228.Close above 1233 or trades above this level will take it to 1288.

Immedaite support is at 1170. Stop Loss can be maintained 1149.

If not want to take risk ,kindly buy only above 1233.

CRUDE Conflicting situation

CRUDE
Below is the Daily chart of crude.

The crude looking to go down and can see $69.The Support line given in green is near to its trading range and break below this can see 69. which is another support.
Bullishness starts when it cross above Blue line.
Bearishness starts when it cross below green Line 2.
So currently we can see crude can play between 69-74 range in coming days.

Wait for pattern complete and take the decision.

Bharat Forge- The Forging Strength.

We advice to buy this stock above 252.50. CMP: 248.The immediate target 259.
If trades above 260 then will take it 273.

Keep A Stop Loss of close below 242.

Crucial support is at 235.

MANAKSIA LTD- Unlock your Pack

MANAKSIA LTD: CMP-87.2

Buy this stock for immediate target of 98. close above 100 or trade above 100 with volumes will take it 114 level.

Stop Loss - Close below 80.

Jayshreee Tea- The Dip Dip Sip

JAYSHREE TEA: CMP-321

We Advice To Buy this Stock for immediate target of 334,348.
Keep a stop Loss of Close below 298.

Nifty-Update and coming days view

see yesterday i have said major support is 4674,It made a low of 4677 and turn back it came back to find a heavy resistance at 4788 level. Made a high of 4796 and close at 4766.

Nifty- For 8th Feb

Nifty: Last Close 4757.

Resistance: 4776-4788

Above this Level : 4824-30.

If survive 4830 for some time,then you can see 4865.

My Ultimate target is 4920.

Major Support: 4674.

Nifty View

Today world indices were down around 2 %.

Nifty Spot: Todays Low 4692.Close 4718.

Crucial Support: 4688. Below 4688 it will see 4636.

Resistance: 4795-4808. Above 4808- T 4844.

Market And Nifty View

Earlier in my blog ,stated that there will be second round of selling will come with high density. Time has come.As i am writing this,Europe indices are down by more than a percent and Dow and Nasdaq are also down by more than a percent.
Gold,crude is also down by around 2%.
Negative news have been flooded and now there is no room.
DOw has support at 9975. This is the last chance for revival.

Why Dow?All other indices are tail of dow.

NIfty: Downward pressure remain on nifty and it can test 4760.

For tommorrow Nifty can show strength only above 4872 level.It has to hold that level for more than hour.

Update-4th feb 2010

Nifty SPOT: Made a low of 4831.High of 4908
Our call short if Nifty Spot goes below 4898. Target 4865.
Below 4865 target 4830.It made alow of 4831.

LUPIN: Our call was given if close above 1455,will take it to 1500. made a high of
1600.

NIFTY strategy For 4th FEB 2010

Nifty Spot: Close 4932.
Nifty support : 4898,4865
Nifty resistance: 4950,4982

Advice: If Nifty Spot trades above 4950 for some time then buy for target 4982.
If Nifty trades below 4898.Short for target 4865 and Lower.

If goes below 4865,lower target is 4830.

Lower side seems more.