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.

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.

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.   

TATA MOTORS 7% UP TOP GAINER IN NIFTY

Tata Motors was the top gainer in Nifty, it was 7% up but this has not added fresh long position. Due to major short covering in stock, it has gained. Stock is in downtrend now it may go Rs 174 -178 in the short term after that it may down again

NIFTY OUTLOOK ON 30 JUNE

Nifty has closed above 5600 on Wednesday but not breached a resistance level so far.Today nifty may open above 5600 level ,If nifty will sustain 5600 and closes above these resistance area then nifty will taste 5700 level in next few days.Due to expiry of June series market may more volatile today expiry of June series may be in between 5600 -5650  levels.Option strategy for today buy 5600 CE and  5700 PUT in June series.

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

NIFTY OUTLOOK

After bounce from 4967 Nifty has given breakout from 5150 on 14 June and touched 5478 level made a higher top on 23 June which confirms remaining uptrend of nifty.Now nifty may create higher bottom continuing it's uptrend. Nifty may touch 5150 level within few days. it will be healthier correction for Indian markets. After 5150 Nifty may kiss new highs at 5600 level in few weeks. Bank and Auto index has out performed in the last rally. IT, Banks, Realty,Auto index may perform in next rally.Nifty has crucial support at 5350 level which is breached on Friday 30th July. Another strong support at 5300 for Nifty while a strong resistance zone is at 5430 level at EST charts. Above 5450 Nifty has strongest resistance where Bears have created new shorts on Nifty future,which will suppose to cover between 5200-5150 levels.Nifty 5500 strike call has new shorts in current series to confirm the correction from this level Nifty 5500 strike call has added new 830100 new shares in its open interest which indicates very strong resistance zone around 5500 level.