JAI SHRI KRISHNA
US MKT CLOSED ALMOST FLAT,
DOW JONES UP 9, NASDAQ +9,
US DATA WEAK AS EXPECTED...
ASIAN MKT TREND MIXED N VOLATILE,
NEKI TRADING -208, HANGSENG ALMOST FLAT +9.
TODAY IS F&O SETTLEMENT.
TAKE CARE- VOLATILE SESSION. NIFTY IS AT TRENDLINE SUPPORT OF 5250, BREAK OF WHICH NIFTY MAY COME DOWN TO 5150 WHICH IS AGAIN A RISING TREND LINE SUPPORT. TODAY DUE TO BUDGET MARKET MAY REMAIN VOLATILE AND GIVE BOTH BULLISH AND BEARISH OPPORTUNITIES. ON UPSIDE 5350 MAY ACT AS RESISTANCE FOR TODAY. FOR SHORT TERM UPTREND TO CONTINUE NIFTY SHOULD CLOSE ABOVE THE RESISTANCE LEVEL OF 5290, THEN WE MAY SEE FURTHER UPMOVE IN COMING WEEK OR WEEKS AND WE MAY GO UP TO 5500-5560. DOWN SIDE GAP OPENING,BUT TAKE SUPPORT AT LOWER LEVEL,CONSIDER STRONG SUPPORT 5100 NIFTY,
BREAK - BSE 17770- NSE 5249
INVITE MORE WEAKNESS.... ISPAT FUT : BUY WITH STOP LOSS OF 42.50 . . . . . TARGET OF 48.50, 51 . . . .
BUT TULSI GOOD OPPORTUNITY DON’T MISS IT. LIC HSG FIN FUT :BUY WITH STOP LOSS OF 298 WITH TARGET OF 312, 321. . .
POWER GRID FUT : BUY WITH TARGET OF 114, 117. . . . . . .KEEP STOP LOSS OF 104 . . . .
RELIANCE INDUSTRIES....BSE CODE : 500325 (2587.55)
BUY AROUND 2575 TO 2580 WITH SL OF 2529 FOR A TARGET OF 2635 , 2650.
ROTO PUMPS......BSE CODE : 517500 (80.00)
BUY AROUND 82 TO 82.50 WITH SL OF 73 FOR A TARGET OF 91 , 94 , IF MARKET SUPPORTS IT CAN EVEN HIT 20% UPPER-FILTER. SHASUN CHEMICALS.....BSE CODE : 524552 (62.20)
BUY AROUND 61 TO 61.50 WITH SL OF 57 FOR A TARGET OF 67 , 70.
RELIANCE IND. : TARGET 3000+NIFTY IS AT TRENDLINE SUPPORT OF 5250, BREAK OF WHICH (DONE- BUT CLOSING FIGURE COUNTS) NIFTY MAY COME DOWN TO 5150 WHICH IS AGAIN A RISING TREND LINE SUPPORT. TODAY DUE TO BUDGET MARKET MAY REMAIN VOLATILE AND GIVE BOTH BULLISH AND BEARISH OPPORTUNITIES. ON UPSIDE 5350 MAY ACT AS RESISTANCE FOR TODAY. TOO MUCH RANGE BOUND WITH NEGATIVE BIAS' TATASTEEL SELL BELOW 806 SL--814 ,,TARGET--794-789 PREMARKET INTRADAY , BANK BARODA SELL BELOW 366 ,,TAR--352-348 SL--372 28-2-2008 10:35A.M. BUY FOR DAY TRADING . NIFTY FUR.@ 5248 TGT 5288, 5308. SL 5238, PETRONET@74.70 TGT 78, 81.SL 73.
SUZLON @ 302 TGT 312, 318. SL 295
US MKT CLOSED ALMOST FLAT,
DOW JONES UP 9, NASDAQ +9,
US DATA WEAK AS EXPECTED...
ASIAN MKT TREND MIXED N VOLATILE,
NEKI TRADING -208, HANGSENG ALMOST FLAT +9.
TODAY IS F&O SETTLEMENT.
TAKE CARE- VOLATILE SESSION. NIFTY IS AT TRENDLINE SUPPORT OF 5250, BREAK OF WHICH NIFTY MAY COME DOWN TO 5150 WHICH IS AGAIN A RISING TREND LINE SUPPORT. TODAY DUE TO BUDGET MARKET MAY REMAIN VOLATILE AND GIVE BOTH BULLISH AND BEARISH OPPORTUNITIES. ON UPSIDE 5350 MAY ACT AS RESISTANCE FOR TODAY. FOR SHORT TERM UPTREND TO CONTINUE NIFTY SHOULD CLOSE ABOVE THE RESISTANCE LEVEL OF 5290, THEN WE MAY SEE FURTHER UPMOVE IN COMING WEEK OR WEEKS AND WE MAY GO UP TO 5500-5560. DOWN SIDE GAP OPENING,BUT TAKE SUPPORT AT LOWER LEVEL,CONSIDER STRONG SUPPORT 5100 NIFTY,
BREAK - BSE 17770- NSE 5249
INVITE MORE WEAKNESS.... ISPAT FUT : BUY WITH STOP LOSS OF 42.50 . . . . . TARGET OF 48.50, 51 . . . .
BUT TULSI GOOD OPPORTUNITY DON’T MISS IT. LIC HSG FIN FUT :BUY WITH STOP LOSS OF 298 WITH TARGET OF 312, 321. . .
POWER GRID FUT : BUY WITH TARGET OF 114, 117. . . . . . .KEEP STOP LOSS OF 104 . . . .
RELIANCE INDUSTRIES....BSE CODE : 500325 (2587.55)
BUY AROUND 2575 TO 2580 WITH SL OF 2529 FOR A TARGET OF 2635 , 2650.
ROTO PUMPS......BSE CODE : 517500 (80.00)
BUY AROUND 82 TO 82.50 WITH SL OF 73 FOR A TARGET OF 91 , 94 , IF MARKET SUPPORTS IT CAN EVEN HIT 20% UPPER-FILTER. SHASUN CHEMICALS.....BSE CODE : 524552 (62.20)
BUY AROUND 61 TO 61.50 WITH SL OF 57 FOR A TARGET OF 67 , 70.
RELIANCE IND. : TARGET 3000+NIFTY IS AT TRENDLINE SUPPORT OF 5250, BREAK OF WHICH (DONE- BUT CLOSING FIGURE COUNTS) NIFTY MAY COME DOWN TO 5150 WHICH IS AGAIN A RISING TREND LINE SUPPORT. TODAY DUE TO BUDGET MARKET MAY REMAIN VOLATILE AND GIVE BOTH BULLISH AND BEARISH OPPORTUNITIES. ON UPSIDE 5350 MAY ACT AS RESISTANCE FOR TODAY. TOO MUCH RANGE BOUND WITH NEGATIVE BIAS' TATASTEEL SELL BELOW 806 SL--814 ,,TARGET--794-789 PREMARKET INTRADAY , BANK BARODA SELL BELOW 366 ,,TAR--352-348 SL--372 28-2-2008 10:35A.M. BUY FOR DAY TRADING . NIFTY FUR.@ 5248 TGT 5288, 5308. SL 5238, PETRONET@74.70 TGT 78, 81.SL 73.
SUZLON @ 302 TGT 312, 318. SL 295