29/04/2009 mkt view

mkt has become quite predictable...failing to sustain 3500/3520 level will give 3 to 5 % correction where market may think to give its direction...

tomorrwo intraday we expect to have some green signal also in market but how much thats not decided yet but if market close in green may give good sign for market...

at the same time closing in red may give new target of 3200 level also

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28/04/09 mkt view

So now 3500/3520 acts as an rock solid resistance but at the same time now 3420 is also a rock solid support for the market...failing to sustaint this levle would lead the markt to 3000/3350 level...

Delviery base one should focus on DCB, good very good scripe for long time....

start accumalating who thinks to buy for long term say 6 to 12 months horison...

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24/04/09 mkt view

As discussed now market trader would like to buy market at lower then sell at high...but it looks like that test for this short term market is only upto 3500 level...

to get stretched market recovery it may happen that market give once again range bound movement with 3300/3500 level and in third phase it may give the clear direction....

for tomorrwo some of the level

sell bank of india with strict stop loss 263....
sell ongc with strict stoploss 880.......stop loss is strict once stop loss triggered to quesion to stretch our loss furtehr....

our gmr infra stop loss hit at 111 and today infosys at 1400....better follow strict stop loss

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22/04/2009 mkt view

mkt continues with the narrow movement with 3300/3400....
now many traders must be trading at buy side rather than selling side untill this 3300 breaks out...

look for gmr infra above 109/111 level it has spoode to 123 one must have booked theri loss at our stop loss...

tomorrwo look for infosys if it dont trade above 1370 one can sell it with strict stoploss of 1390 and below 1350 it will be weaker,,,,


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19/04/2009 mkt view

Mkt showing a narrwo range bound movement intraday 3300/3500.... now from here many nifty based scripes will direct market...

Banking sector looks to play a major role in directing market. Scripes like icici and SBIN are with the market movement so change in their pattern would deffinately give direction to the market.


some level for the scripes

SBIN 1300/1365
icici 440/470

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17/04/2009 mkt view

Now for nifty intraday support at 3300 and resistance only at 3520 level...

we expect market to trade between 3200/3500 level for coming couple of days....breakout at any point may lead the direction for the market


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15/04/2009 mkt view

Uptill now indian market following the global trend and moving with expectation of good US economic data...but followed to todays us economiy data the same is not showing sustainable and fear of worst is intake...

At this juncture market may give pause to its rally and better to wait for some time before making some huge buying....

RIL still showing no sign of weakenss but other giants like ongc, icicic needs to support him to lead the market also...

support for ongc 900/920
rel infra 665/685

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08/04/09 mkt view

Tomorrwo resistance only at 3310... but looking at DOWN JONES chart movement and indian market story plus all stimulouse effect looks difficult that markt may go above this level...

tomorrwo market below 3200 very weak...may open upto 3100 nifty

hold your short position with GMR INFRA...


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06/04/09 mkt view

One should think of booking profit with GMR INFRA...it has got 111 as a strong resistance....and now 95 is a strict support....
HERO HONDA is now may go down 1000 also if it follows the same trend from here

As the same time rpl also now has 108/115/123 as a strong resistance and 97 as a strong resistance follow all this level very strictly....


Those who are in buying side should follow the bank stocks carefully as long as they are helping the market no worry of big sell off. and more RELIANCE AND ONGC is also heliping the market....


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02/04/09 mkt view

Two big giants are needs to play their part tomoorwo to lead the market above 3150...Reliance and Ongc...

reliance goood only above Rs. 1610 closing basis and Ongc above Rs. 845 closing basis only....

some of the level for tomorrow

Nft 3050/3120
Reliance 1580/1610
Sail 98/104
Icici bank 350/380
Bharti 615/627
dlf 177/180
Ongc 810/844

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