BY STOCKDUNIA
NIFTY VIEW FROM- 08.03.2010 TO 14.03.2010
IN THE LAST WEEK NIFTY WAS IN A RANGE OF 4935 TO 5119 AND FINALLY CLOSED 5089.IN THE LAST ISSUE WE HAVE WRITTEN SOME SORT OF POST BUDGET RALLY EXPECTED AND MARKET MOVED FROM 4858 TO 5119 ZONE.NATURALLY MARKET QUITE OVERBOUGHT,SO IT IS REQUIRED DIPS TO BUY AS STILL EVERY DIPS IS BUYING OPPORTUNITY.
AS MARKET FALL FROM 5220 ZONE AS ON 21ST JAN 2010 AND THIS BUYING CYCLE WILL ONLY BE END AS SOON AS NIFTY KISS 5220 ZONE.
LET DISCUSS WHAT LEVELS SHOULD BE IDEAL BUYING ZONE AND NIFTY TARGET IN THIS WEEK.
TREND-
NIFTY TREND DECIDER POINT 5093, BELOW IT NIFTY WILL TAKE DOWN TREND AND ABOVE WHICH NIFTY TRY TO UP MOVE.
UNDERSTAND MARKET VERY CAREFULLY-
FOR UP MOVE
1. NIFTY WILL NOT BREAK 5064 LEVEL.
2. RESISTANCE 5129- AND 5170 ZONE.TRADE ABOVE IT YOU WILL GET FIRST
SYMPTOM THAT MARKET TRY TO GO HIGHER
3. NEXT RESISTANCE 5220 ZONE, WHERE FROM SELLING/PROFIT
BOOKING EXPECTED.
4. MIND IT, FOR CONFIRMATION NIFTY MUST CLOSE ABOVE 5130 LEVELS
FOR 2 DAYS.
FOR DOWN MOVE
1. NIFTY WILL BREAK 5064 LEVEL.
2. SUPPORT 5029 AND 4992 ZONE.TRADE BELOW IT YOU WILL GET FIRST
SYMPTOM THAT MARKET TRY TO GO LOWER
3. NEXT SUPPORT 4950 AND 4912 ZONE, WHERE FROM SOME SORT OF BUYING
EXPECTED
4. MIND IT, FOR CONFIRMATION NIFTY MUST CLOSE BELOW 4992 LEVELS
FOR 2 DAYS.
SUMMERY-
UNLESS ABOVE 5068 BUYING INTEREST INTACT AND WE HAVE TO BUY AND BOOK PROFIT AT RESISTANCE ZONE.UNLESS TRADE ABOVE 5130 WE WILL BOOK OUR PROFIT AND DONT CARRY ANY FRESH POSITION.ON DIPS WE WILL BUY AT OUR SUPPORTS ZONE KEEPING 4848 AS STOP LOSS AND BELOW IT WE WILL NOT TRY TO BUY ON DIPS.
AS MARKET IS QUITE OVERBOUGHT, IT WILL BE BETTER TO BUY ON DIPS RATHER BREAKOUT.
TRADING SPOTLIGHT
HATHWAY
CMP-214
BREAKOUT - 219
RESISTANCE- 225/235/.??
SUPPORT-207
COMMENT-It will be better to buy above 219 level or on dips around 207 levels keeping stop loss 194.
IGL
CMP-223
BREAKOUT - 215
RESISTANCE- 235/247/?
SUPPORT-215
COMMENT- It will be better to buy on dips around 215 levels keeping stop loss 208
JUBLFOOD
CMP-258
BUYING ZONE 252/240
RESISTANCE- 265/275/292
SL-230 BY CLOSING
COMMENT- Buy on dips applicable
HIRECT
CMP-62
BUYING ZONE 60
RESISTANCE- 69/75/???
SL-56 BY CLOSING
COMMENT- Buy on dips still applicable by SIP.
STOCK TRADING IDEA
DLF WE HAVE GIVEN BUY AROUND 290 NOW 317 LEVELS.IF ABLE TO TRADE ABOVE 320 THEN SOME SORT OF MOVEMENT WILL BE SEEN IN INTRADAY AND RESIST 323.CLOSE ABOVE 323 NEXT TARGET COMES AROUND 335.?
HDIL WE HAVE GIVEN BUY AROUND 290 NOW 320 LEVELS.IF ABLE TO TRADE ABOVE 328 THEN SOME SORT OF MOVEMENT WILL BE SEEN AND RESIST 345/355.THIS STOCK ALSO IN UP TREND.
NOT ONLY DLF BUT ALL REALITY STOCK (UNITECH, SOBHA, IBREAL, PURVA etc) ARE IN UP TREND
AUSTRAL-TAKEN BREAKOUT ABOVE 7.40.WE EXPECT SOME SORT OF MOVEMENT FROM CMP AND THOSE WHO HAVE EXCESS MONEY CAN BUY THIS STOCK AND FORGET.TARGET COME AROUND DOUBLE/TRIPPLE FROM CMP.TIME FRAME NOT DETERMIND.
INFINITE THIS STOCK CURRENTLY TRADING 195 TO 210 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 210 TARGET COMES AT 217 AND 225.CLOSE ABOVE 225 ANOTHER BUYING CYCLE WILL ATTRACT.BELOW 195 WE WILL NOT BUY THIS STOCK.(NEED TO CLOSE ABOVE 205 TO GO UP)
CENTURYTEX- THIS STOCK CURRENTLY TRADING 490 TO 520 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 520 TARGET COMES AT 545 AND 573.BELOW 475 WE WILL NOT BUY THIS STOCK.
BOMDYEING- THIS STOCK CURRENTLY TRADING 536 TO 564 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 565 TARGET COMES AT 575 AND 593.615.? BELOW 512 WE WILL NOT BUY THIS STOCK.
BHARTISHIP- TSHIPPING SECTOR IS IN UP CONSOLIDATION ZONE AND ANY TIME CAN MOVE HIGHER.THIS STOCK CURRENTLY TRADING 272 TO 284 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 285 TARGET COMES AT 305 AND HAVE PROVISION TO UP TO 338 BELOW 227 WE WILL NOT BUY THIS STOCK AS BELOW 272 WE CAN GET THE STOCK MORE LOWER.
ABAN, ABGSHIP, MLL WILL ALSO GO HIGHER SUBJECT TO MOVEMENT OF THE SECTOR.
SECTOR IN ACTION
PHARMA, METAL, SUGAR, REALITY,MEDIA,TEXTTILE
NIFTY VIEW FROM- 08.03.2010 TO 14.03.2010
IN THE LAST WEEK NIFTY WAS IN A RANGE OF 4935 TO 5119 AND FINALLY CLOSED 5089.IN THE LAST ISSUE WE HAVE WRITTEN SOME SORT OF POST BUDGET RALLY EXPECTED AND MARKET MOVED FROM 4858 TO 5119 ZONE.NATURALLY MARKET QUITE OVERBOUGHT,SO IT IS REQUIRED DIPS TO BUY AS STILL EVERY DIPS IS BUYING OPPORTUNITY.
AS MARKET FALL FROM 5220 ZONE AS ON 21ST JAN 2010 AND THIS BUYING CYCLE WILL ONLY BE END AS SOON AS NIFTY KISS 5220 ZONE.
LET DISCUSS WHAT LEVELS SHOULD BE IDEAL BUYING ZONE AND NIFTY TARGET IN THIS WEEK.
TREND-
NIFTY TREND DECIDER POINT 5093, BELOW IT NIFTY WILL TAKE DOWN TREND AND ABOVE WHICH NIFTY TRY TO UP MOVE.
UNDERSTAND MARKET VERY CAREFULLY-
FOR UP MOVE
1. NIFTY WILL NOT BREAK 5064 LEVEL.
2. RESISTANCE 5129- AND 5170 ZONE.TRADE ABOVE IT YOU WILL GET FIRST
SYMPTOM THAT MARKET TRY TO GO HIGHER
3. NEXT RESISTANCE 5220 ZONE, WHERE FROM SELLING/PROFIT
BOOKING EXPECTED.
4. MIND IT, FOR CONFIRMATION NIFTY MUST CLOSE ABOVE 5130 LEVELS
FOR 2 DAYS.
FOR DOWN MOVE
1. NIFTY WILL BREAK 5064 LEVEL.
2. SUPPORT 5029 AND 4992 ZONE.TRADE BELOW IT YOU WILL GET FIRST
SYMPTOM THAT MARKET TRY TO GO LOWER
3. NEXT SUPPORT 4950 AND 4912 ZONE, WHERE FROM SOME SORT OF BUYING
EXPECTED
4. MIND IT, FOR CONFIRMATION NIFTY MUST CLOSE BELOW 4992 LEVELS
FOR 2 DAYS.
SUMMERY-
UNLESS ABOVE 5068 BUYING INTEREST INTACT AND WE HAVE TO BUY AND BOOK PROFIT AT RESISTANCE ZONE.UNLESS TRADE ABOVE 5130 WE WILL BOOK OUR PROFIT AND DONT CARRY ANY FRESH POSITION.ON DIPS WE WILL BUY AT OUR SUPPORTS ZONE KEEPING 4848 AS STOP LOSS AND BELOW IT WE WILL NOT TRY TO BUY ON DIPS.
AS MARKET IS QUITE OVERBOUGHT, IT WILL BE BETTER TO BUY ON DIPS RATHER BREAKOUT.
TRADING SPOTLIGHT
HATHWAY
CMP-214
BREAKOUT - 219
RESISTANCE- 225/235/.??
SUPPORT-207
COMMENT-It will be better to buy above 219 level or on dips around 207 levels keeping stop loss 194.
IGL
CMP-223
BREAKOUT - 215
RESISTANCE- 235/247/?
SUPPORT-215
COMMENT- It will be better to buy on dips around 215 levels keeping stop loss 208
JUBLFOOD
CMP-258
BUYING ZONE 252/240
RESISTANCE- 265/275/292
SL-230 BY CLOSING
COMMENT- Buy on dips applicable
HIRECT
CMP-62
BUYING ZONE 60
RESISTANCE- 69/75/???
SL-56 BY CLOSING
COMMENT- Buy on dips still applicable by SIP.
STOCK TRADING IDEA
DLF WE HAVE GIVEN BUY AROUND 290 NOW 317 LEVELS.IF ABLE TO TRADE ABOVE 320 THEN SOME SORT OF MOVEMENT WILL BE SEEN IN INTRADAY AND RESIST 323.CLOSE ABOVE 323 NEXT TARGET COMES AROUND 335.?
HDIL WE HAVE GIVEN BUY AROUND 290 NOW 320 LEVELS.IF ABLE TO TRADE ABOVE 328 THEN SOME SORT OF MOVEMENT WILL BE SEEN AND RESIST 345/355.THIS STOCK ALSO IN UP TREND.
NOT ONLY DLF BUT ALL REALITY STOCK (UNITECH, SOBHA, IBREAL, PURVA etc) ARE IN UP TREND
AUSTRAL-TAKEN BREAKOUT ABOVE 7.40.WE EXPECT SOME SORT OF MOVEMENT FROM CMP AND THOSE WHO HAVE EXCESS MONEY CAN BUY THIS STOCK AND FORGET.TARGET COME AROUND DOUBLE/TRIPPLE FROM CMP.TIME FRAME NOT DETERMIND.
INFINITE THIS STOCK CURRENTLY TRADING 195 TO 210 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 210 TARGET COMES AT 217 AND 225.CLOSE ABOVE 225 ANOTHER BUYING CYCLE WILL ATTRACT.BELOW 195 WE WILL NOT BUY THIS STOCK.(NEED TO CLOSE ABOVE 205 TO GO UP)
CENTURYTEX- THIS STOCK CURRENTLY TRADING 490 TO 520 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 520 TARGET COMES AT 545 AND 573.BELOW 475 WE WILL NOT BUY THIS STOCK.
BOMDYEING- THIS STOCK CURRENTLY TRADING 536 TO 564 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 565 TARGET COMES AT 575 AND 593.615.? BELOW 512 WE WILL NOT BUY THIS STOCK.
BHARTISHIP- TSHIPPING SECTOR IS IN UP CONSOLIDATION ZONE AND ANY TIME CAN MOVE HIGHER.THIS STOCK CURRENTLY TRADING 272 TO 284 LEVELS AND YOU HAVE TO TRADE WITH THIS ZONE.ABOVE 285 TARGET COMES AT 305 AND HAVE PROVISION TO UP TO 338 BELOW 227 WE WILL NOT BUY THIS STOCK AS BELOW 272 WE CAN GET THE STOCK MORE LOWER.
ABAN, ABGSHIP, MLL WILL ALSO GO HIGHER SUBJECT TO MOVEMENT OF THE SECTOR.
SECTOR IN ACTION
PHARMA, METAL, SUGAR, REALITY,MEDIA,TEXTTILE
