Archive for March 9th, 2009

Stock calls : 9-Mar-2009



NIFTY has plunged more than 5% last week against previous week because of weak global scenario and ended 143.50 points lower at 2620. Saying technically, bears were on the roll last week and such a bearish rally is the main concern among the bulls for the coming weeks. In the coming week, Nifty should have support at 2520 and 2490 levels. An upside move can be expected between 2530 – 2550 levels. On the downside if Nifty breaches 2505 level on daily closing basis, then NIFTY can be go down to 2270 level, while on the higher side, NIFTY is likely to take resistance at 5 DMA level of 2638 and if Nifty can sustain above this level then we can see a rally upto 2700 and 2770. Decisive break of 2800 resistance will indicate that NIFTY may rally to 2870 in short term.

NIFTY FUTURE 26 MARCH SIGNALS

Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 2620 2570 2630 2670 2720
Short Sell 2570 2590 2555 2490 2460

RELCAPITAL FUTURE

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 290 282 300 303
REMARKS FUTURE INTRADAY



KOTAK BANK

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 230 220 235 245
SELL BELOW 220 225 215 200

SATYAM

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 43 40 44 46
SELL BELOW 38 40 37.5 34

RPL

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 73 70 74 74.5
SELL BELOW 70 71 68 65

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