Among the U.S. and EUROPE markets clues, nifty has lost around 200 points on Thursday's session. The big traders cut their long positions in the nifty future and opened new short positions in the market. Nifty option data showing that the bottom has shifted 5000 to 4700 hundred levels. Nifty was bounced back from 4720 level last time. Nifty may re-taste this level again. If Nifty brake 4700 levels, then it may have more downsides, Nifty may touch 4200 levels. JP ASSOCIATES, Short selling advised in RPOWER, RELIANCE INFRA, TATAMOTORS, IDFC, DLF, and RCOM.
Friday, September 23, 2011
Thursday, September 22, 2011
ARVIND,VIP INDUSTRIES, KAJARIA AND TITAN IN STRONG UPTREND
In the choppy sessions of Indian market, some stocks are very bullish. These are near 52 weeks high and gaining unexpectedly. VIP INDUSTRIES among of these, it had strong sales and profit growth in last two years. Technically stock has its major support on 100 days moving average line. Now near term target is 1060 for VIP INDUSTRIES. ARVIND was reported net loss of 48,82 cr in March 2009 from where the company has reported a net profit of 52 and 134.8 cr in 2010 and 2011, which are triple of 2010. Technically stock has broken its major resistance to start new bull phase.near term target 120 for Arvind. Same story in KAJARIA CERAMICS, company has reported a net profit of 8.9 cr in 2009 after that net profit jumped to 35.85 cr in 2010 and 60.66 cr in 2011, and it will be continued in 2012.Technical chart showing strong support on 50 days moving average line of KAJARIA CERAMICS. It can be long for the target of 135 in few days. TITAN INDUSTRIES is near in 52-week high crosses above stock may touch 265 in few weeks.
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Wednesday, September 21, 2011
NIFTY HAS STRONG RESISTANCE AT 5180 AND 5235 LEVEL
Nifty has closed at 5140 yesterday with strong pull back rally. After the eight trading session nifty succeeded to close above 5100 levels due to heavy short-covering in large -caps stocks. Now nifty may face resistance at 5180 levels. Referring to daily chart nifty has strongest resistance at 5235 levels, A 50 day moving average line and a gap down opening oval showing in the chart at this area. Market may consolidate after touching these levels. Index option data showing 5000 as a strong support for the nifty in short term. 5300 strike rate call can be short today with strict stop- loss.
Tuesday, September 20, 2011
COPPER HAS BROKEN IT'S EARLIER SUPPORT
In the world market, copper has broken 3.87 level,
which was the medium term crucial support. Copper was trading lower at 3.77
level last night. It was the level from where copper was taking support from
four times. Due to high price of U.S. dollar in rupee copper was trading around 405 levels, and 388 is the crucial
support for Indian market. Copper may take support from 3.68 level in the world
market. Sell on the rise advised in copper for short to medium
term.
Saturday, September 17, 2011
TATA MOTORS 7% UP TOP GAINER IN NIFTY
Thursday, June 30, 2011
NIFTY OUTLOOK ON 30 JUNE
Wednesday, June 29, 2011
Silver Update
Silver has broken it's major uptrend on 26 June 2011 on mcx. Now silver is looking more bearish, it has other major support on Rs 50000 level, it is a technical and psychological support for June future. If silver will close under 50000 level for 2-3 days, then silver will come near 42000 in few months. Silver has recorded lower volume in last 5 days in U.S. ,So next major move will appear in august contract on mcx. Next resistance level for silver is 53300 and major resistance is 53900. Trading strategy for next two days - buy silver near 50500 sl 50000(closing basis) target 51700 for current contract. for any query call 918808942638
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