JAI SHRI KRISHNA NASDAQ AND DOWJONES MADE A SHARP RECOVERY AND CLOSED POSITIVE. NASDAQ UP 21 POINTS AND DOW JONES UP: 90 POINTS. EUROPE CLOSED IN DEEP RED AROUND 1.5% DOWN. NEKKI TRADING 2% UP (282 POINTS UP) AND HANGSENG IS UP 200 POINTS NOW. (9:15 AM-21ST FEB) STOCKS CAME OFF EARLY LOSSES TO FINISH HIGHER WEDNESDAY AS INVESTORS SET ASIDE SOME CONCERNS ABOUT THE ECONOMY AFTER FINDING REASSURANCE THAT THE FEDERAL RESERVE REMAINS COMMITTED TO STOKING GROWTH BEFORE WORRYING ABOUT INFLATION.(US MKT VIEW) AFTER A NEGATIVE OPENING: NASDAQ AND DOW JONES BOTH ARE IN GREEN - (10:55 PM-20TH FEB).....................THE CLOSING BELL OF US MKT WILL BE FOLLOWED BY ASIAN MKTS.......... DOW JONES DOWN 80 POINTS NASDAQ 10 POINTS DOWN:::; THE DOWN TREND CONTINUES ///// (8:30 PM 20-02) AS ALREADY TOLD WE ACHIEVED THE CORRECTIVE TARGET OF 5150 YESTERDAY, WE ARE POISED AT A VERY CRUCIAL SUPPORT. IN THE PROCESS OF CORRECTION WE BROKE 5150 YESTERDAY. TREND SUPPORT IS AT 5100-5050. AFTER BREAKING WEEKLY SUPPORT OF 5150 IF NIFTY GOES DOWN WE MAY HAVE A STRONG SUPPORT NEAR THAT ARE. FOR THE TIME BEING DO NOT REMAIN LONG. BUY BIOCON WITH STOP LOSS BELOW 399 & HOLD TILL BUDGET BUY BONGAIGAON REFINERIES BETWEEN 57 & 61 FOR LONG TERM WITH STOP LOSS BELOW 56 BUY INFOSYS WITH STOP LOSS BELOW 1479 & 1379 FOR LONG TERM IF MOVES ABOVE 1621NIFTY DOWN SIDE STRONG SUPPORT 5000-5025 EXCELLENT OPPORTUNITY FOR SMART /SWING TRADERS ON PANIC CONCENTRATE SUGAR STOCKS BAJAJ HINDUSTAN + BALRAMPUR CHINI + RENUKA SUGAR + TRIVENI ENGG. R GROUP’S STOCKS ARE TREND DECIDER OF THE MARKET IN NEXT 7 SESSION. BUY TECH MAHINDRA FUTURES (NSE)
ABOVE 680 LEVEL, EXPECT RALLY UP TO 688 LEVEL.
SUPPORT AT 663 - 665 ZONE.
BUY AT LOWER LEVELS. STOP LOSS AT 654 - 656 ZONE.
ABOVE 695 & 699 LEVELS, IT WILL ZOOM UP TO 706 LEVEL.
MAY ZOOM IN 1 (OR) 2 DAYSSUPPORT AT 5101 & 5114 LEVELS.
BELOW 5045-5047 ZONE, BEARS WILL HAVE EDGE AND HAVE CAUTION.
SELL IF TOUCHES 5264-5266 ZONE ON UPPER SIDE. STOP LOSS AT 5353-5355
ZONE. SHORT-TERM INVESTORS: REVERSAL (NEGATIVE) IS SEEN. EXIT ON RALLIES.
SHORT-TERM UPWARD TARGET AT 5407-5409 ZONE.
SHORT-TERM SUPPORT AT 4991-4993 ZONE EXIT @ 5200 LEVELS..... A MAJOR PROFIT BOOKING IS EXPECTED BY MONDAY
ABOVE 680 LEVEL, EXPECT RALLY UP TO 688 LEVEL.
SUPPORT AT 663 - 665 ZONE.
BUY AT LOWER LEVELS. STOP LOSS AT 654 - 656 ZONE.
ABOVE 695 & 699 LEVELS, IT WILL ZOOM UP TO 706 LEVEL.
MAY ZOOM IN 1 (OR) 2 DAYSSUPPORT AT 5101 & 5114 LEVELS.
BELOW 5045-5047 ZONE, BEARS WILL HAVE EDGE AND HAVE CAUTION.
SELL IF TOUCHES 5264-5266 ZONE ON UPPER SIDE. STOP LOSS AT 5353-5355
ZONE. SHORT-TERM INVESTORS: REVERSAL (NEGATIVE) IS SEEN. EXIT ON RALLIES.
SHORT-TERM UPWARD TARGET AT 5407-5409 ZONE.
SHORT-TERM SUPPORT AT 4991-4993 ZONE EXIT @ 5200 LEVELS..... A MAJOR PROFIT BOOKING IS EXPECTED BY MONDAY