Tips for 10.04.2008

Wednesday, April 9, 2008

JAI SHRI KRISHNAUS MKT CLOSED IN REDDOW JONES -36, NASDAQ -16ASIAN MKT TREND MIXEDOPENING WAS WELL BUT HANGSENG AND NEKKI BOTH R TRADING LOW NOW. NIFTY APRIL FUTURE CONSIDER 4709 LEVEL AS TREND DECIDER. ON DOWN SIDE BELOW TREND LEVEL SUPPORT EXISTS AT 4649, 4600 LEVELS. ON UPPER SIDE ABOVE TREND LEVEL RESISTANCE EXISTS AT 4755, 4816, 4920 LEVELS. IF POSITIVE OPENING BANKING STOCKS LOOKS GOODADVISE: BUY 4800 CA AND 4600 PA (KOTAK). MKT LOOKS RANGE BOUND..... RISKY TRADERS: CAN BUY ASHOK LEYLAND CA. TAKE CARE: MKT WAITING FOR BREAKOUT : EITHER 4600- OR 4800+ BREAKOUT MEANS MAJOR TREND THERE AFTER. CAUTIOUS APPROACH REQUIRED. OM SHANEESWARAYA NAMAH (TODAY IS SHANI PANCHMI) MAY LORD SHANI REMOVE ALL OUR TROUBLES..S......S..... TOMM OPENING +VE OR FLAT BUT NOT GAP DOWN (REST AS PER GLOBAL CLUES) MKT HEADING FOR 4800 BUT IT DOES NOT MEAN TO BUY.......... CLOSING ABOVE 4740 FUTURES AS SEEN IS A GREAT POSITIVE SIGNAL- BUT GLOBAL CLUES ????? IS A MUST TO TRACK WITH. ACCUMULATE "IFCI" BELOW 44 FOR TGT 50++ TIME 6-7 WEEKS- ONLY DELIVERY.