HINDALCO MAY MORE DOWN

HINDALCO is a larger aluminium producer company, which is currently near 52 weeks low, On Friday session it was trading at 134.15. The future data indicates  that more short position has added in October series. It was the top loser's list in Nifty on Friday also. Due to  lower commodity prices, it may have more downsides it may go around 120 in next few sessions. Fundamentally stock is trading lower on its book-value, which is around Rs 155.  lower commodity prices may affect its margin in FY 2012. Short sell is advised in Hindalco at any rise.

SILVER CRASHED ALMOST 18%

Silver has the biggest decline of one day about 18% after 2008. Silver has broken its all technical supports due to uncertainty in U.S. economy and EUROPE's defaults. CME also has increased margins of Silver, Gold and copper. The huge short positions have opened in Silver in last three days. Silver has breached its short term support $32 and 200 days moving average line and closed below which indicates weakness in Silver. Due to high prices of Dollar in Rupees Silver is above 50000 in Indian market, which is a psychological support, rally started from $26.5 to around $50 in International markets is 76% is wiped out, If silver closed below the $26.5 at Comex, then it will be again in a deep downtrend. It is advised to avoid Silver for few weeks

.

NIFTY MAY TAKE SUPPORT AGAIN FROM 4700 LEVEL

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.

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