Tips for 18.0302008

Monday, March 17, 2008

JAI Shri KRISHNA
WATCH THE LEVEL OF SPOT NIFTY 4420.
MARKET OULOOK:-
WE HAVE AGAIN OVERDONE SELLING. WE ARE OVERSOLD AT PRESENT. BUY IN PANIC TODAY AND HOLD FOR A COUPLE OF DAYS FOR A GOOD RALLY.
I HAVE BEEN SAYING THAT NIFTY MAY TAKE A BULLISH TURN FROM 4500-4400. LETS WATCH THE LEVEL OF 4420 CASH NIFTY IN THIS WEEK. LAST WEEK I HAD ALSO WRITTEN THAT NEXT WEEK WILL BE THE LAST FALL. THIS VIEW OF MINE IS A CONTRARIAN VIEW FROM MAJORITY OF ANALYST WHO HAVE NOW STARTED SAYING THAT SENSEX MAY GO DOWN TO 12000 OR 10,000. LETS WATCH CAREFULLY THIS WEEKS MOVEMENT. IS THIS THE LAST FALL? PENINSULA LAND FUT :BUY WITH STOP LOSS OF 79 . . . . . TARGET OF 89, 95 . . . .
EKC FUT : BUY WITH STOP LOSS OF 266 WITH TARGET OF 282, 288 . . .
SIEMENS FUT : BUY WITH TARGET OF 645, 666 . . . . . . .KEEP STOP LOSS OF 606. . . .
VGUARD IND..........BSE CODE : 532953 (72.00)
BUY AROUND 72 TO 72.50 WITH SL OF 67 FOR A TARGET OF 77 , 78.50
RURAL ELECTRIFICATION......BSE CODE : 532955 (104.65)
BUY AROUND 104 TO 104.50 WITH SL OF 100 FOR A TARGET OF 109 , 110.
NSE INDEX (C-4503.10) RESISTANCE 4580 4670 4840
NSE INDEX SUPPORT 4410 4315
BSE SENSEX (C-14809.49) RESISTANCE 14960 15180 15550
BSE SENSEX SUPPORT 14590 14370
NIFTY FUTURE (C-4499.05) RESISTANCE 4525 4570 4645
NIFTY FUTURE SUPPORT 4450 4400