Archive for December 31st, 2009

Welcome 2010 … Bye bye 2009



Markets this year had everything for everyone. Our markets gained highest % among all Asian markets. After the election result, our market capital has increased 10,000 cr/sec and hit upper circuit. We never know when this will happen again. But happy, we were at the time that has happened once.
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A section of the investors were seen lowering their market exposure ahead of F & O expiry while others were busy in rolling over to the new Jan ‘10 series. As per reports, rollover of Nifty positions from December 2009 series to January 2010 stood at 58% while the market wide rollover stood at 59%. The Sensex lost 57 points off 96.23 points from the day’s high and up 21.02 points from the day’s low. The Nifty closed 18 points lower at 5169.45 after moving between 5160 and 5197 during the day.

NIFTY

Beacuse of holidays markets are in consolidating phase and may continue upto 5.01.2010.
NIFTY SUPPORT AT 5064-5080 AND THIS IS GOOD BUYING ZONE.
FOR UP MOVE UNLESS NIFTY ABOVE 5200 NO UP MOVE SIGNAL AND SELLING/PROFIT BOOKING EXPECTED AT EVERY HIGH .
ABOVE 5225 NEXT RESISTANCE AT 5262 AND ABOVE IT FRESH UPMOVE ONLY.
OTHERWISE YOU HAVE TO WAIT FOR DIPS.

Intraday Calls

HINDOILEXP

INTRADAY
BUY ABOVE 298
TARGET 308
SL 292

FOR SHORT TERM
BUY 275-282 ZONE
WITH A SL 265
TARGET 308.325

NITINFIRE

INTRADAY
BUY ABOVE 315
TARGET 322-327
SL 304

SHORT TERM
BUY 275-282 ZONE
SL 262
TARGET 327-340

THINKSOFT

INTRADAY
BUY AT CMP
TARGET 335
SL 323

SHORT TERM
BUY 310-315 ZONE
SL 303
TARGET 335-348

COX&KINGS

INTRADAY
BUY AT 448
SL 438
TARGET 456-462

OTHER STOCKS IN UPTREND

ALL THESE STOCKS ARE IN UP TREND AND MOVEMENT EXPECTED WITH IN 15-20 TRADING SESSIONS.
BUY ON EVERY DIPS -

APTECH – (185)
TARGET 202-225

ACC – (871)
TARGET 928

ESSARSHIP –(76)
TARGET- 83-90

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