WE SAID YESTERDAY, BEST TRADE TO INITIATE WAS NOT TO TRADE. TODAY ALSO IT IS ADVISABLE TO STAY AWAY FROM THE MARKET.
MARKET HAS CLOSED TWO CONSECUTIVE DAYS BELOW THE CRITICAL LEVEL AND EVERY RISE WILL BE MET WITH A SELLING PRESSURE.
STRATEGY WILL BE TO EXIT ALL LONG POSITIONS ON A RISE OR A PULL-BACK. THE PULL BACK WILL ALSO BE DIFFICULT TO SUSTAIN. IF NIFTY 4800 IS BROKEN THEN 4491 IS ON THE CARDS.
ONLY TRADE THAT CAN BE CARRIED OUT IS A SHORT TRADE. SELL NIFTY AT HIGHER LEVELS OF4930 TO 4950 KEEPING A STOP LOSS OF 50OR BEST IS BUY AS MANY OTM NIFTY PUTS AS POSSIBLE.
SENSEX RESISTANCE AT 16835-17113-17427. SUPPORT AT 16457-16280-15480.
NIFTY RESISTANCE 4965-4996-5126. SUPPORT AT 4803-4749-4491.
Showing posts with label 13-Feb-2008. Show all posts
Showing posts with label 13-Feb-2008. Show all posts
Wednesday, February 13, 2008
Daily Market Outlook : 13th February, 2008 (Wednesday)
Today Listing Cords Cable Ind.
SVEC Construction Limited
IPO has been withdrawn after poor response from investors.
.bmp)
New Update about NTPC : NTPC Update
1. I have always liked NTPC as it is better than reliance Power behind which whole world was running and now the tables are turned as the stock is quoting below offer price considerably.
2. NTPC has a support at Rs 187 and when the market bounces back by virtue of the technical bounce back , the stock can touch 200-212.
Profitable Indian Stock Tips:13 Feb
1. Recap:Satyam Computers gave a profit of Rs 75/- by touching 500 levels and NTPC gave a profit of Rs 1/-.
2. Direction of Stock Market: A technical bounce back is in offing but market has to break 5000 Nifty level with volume to show some strength else Sensex 15500 mark may be seen in times to come.
3. Strong Future Stocks
Satyam computers
Sun Pharma
Infosys
JSW Steel
Glaxo
Nicholas Piramal
Ranbaxy
AIA Eng
ABB
Indian Bank
4. Weak Future Stocks
Adlabs
Ansal Prop
Essar Oil
Lanco
JP Asso
Oswal Chemicals
Mah Seamless
Punjlloyd
Reliance Natural Resources ltd
5. Free day Trading Tip:
Buy Satyam Computers>424.1,440,479 sl 419
Buy ICICI bank>1068.1,1070,1088,1109 sl 1062
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