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 |
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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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