Tips for 03.04.2008

Wednesday, April 2, 2008

JAI SHRI KRISHNAUS MKT CLOSED IN REDDOW JONES SLIPPED 48 POINTS WHILE NASDAQ CLOSED 1 POINT LOWER.ASIAN MKT ARE TRADING MIXED.HANGSENG,NEKKI AND SANGHAI ARE UPVOLATILE SESSIONWE R WITNESSING GREAT VOLATALITY SINCE A MONTH, INSPITE OF BETTER GLOBAL CLUES, WE R WITNESSING SELL OFF @ UPPER LEVELS, TRADE WITH STRICT STOP LOSSESPANIC BUY & SELL ON RALLY....: MARKET STRATEGY : IF MARKET OPEN MAJOR UP SIDE GAP - NO BUYING PLEASE. TRY TO BOOK PROFIT OR GO FOR SHORT SELL AT HIGHER LEVEL WITH PROPER STOP LOSS.IF MARKET OPEN DOWN SIDE GAP - NO SHORT SELL AND TRY TO BUYING AT SUPPORT LEVEL. IN THE MONTH OF APRIL 2008-HIGH VOLATILE + NEW LOW OF NIFTY ? NIFTY: . TREND DECIDER OF APRIL -- 4808. TODAY SUPPORT 4700, HIGHER LEVEL IT WILL FACE RESISTANCE 4804, THEREAFTER MORE UP SIDE...NIFTY. FUTURES (F & O)ELL-OFF UP TO 4729-4731 ZONE WILL BE HEALTHY. EXPECTED TO REBOUND IF TOUCHES 4617-4619 ZONE ON DOWN SIDE. IF NOT, THEN PROBLEM TOO.HURDLE AT 4768 LEVEL. ABOVE THIS LEVEL EXPECT MINOR RECOVERY UP TO 4807 LEVEL.BEARS WILL NOT ALLOW YOU TO CROSS 4891-4893 ZONE ON UPPER SIDE.IF CROSSES & SUSTAINS THEN EXPECT A JUMP UP TO 4975-4977 ZONE AND THEREAFTER IT WILL ZOOM UP TO 5059-5061 ZONE. SHORT-TERM INVESTORSHORT-TERM UPWARD TARGET AT 5142-5144 ZONE. SHORT-TERM SUPPORT AT 4561-4563 ZONE. SHORT-TERM INVESTORSHORT-TERM UPWARD TARGET AT 5142-5144 ZONE. SHORT-TERM SUPPORT AT 4561-4563 ZONE.AVOID AGRESSIVE SHORTS- TECHNICAL BOUNCE IS SEEN IN A DAY OR TWO...MKT RANGE : 15300-15850 4600-4800 (KOTAK VIEW) BULLISH ABOVE 15910 AND 4810 TODAY VIEW BULLISHBELOW 15300 LEVELS WE CAN RETEST LOWS (KOTAK VIEW). MANAKSIA LTD.........BSE CODE : 532932 (82.35)BUY AROUND, 82 TO 82.50 WITH SL OF 77 FOR A TARGET OF 88 , 93. AXIS BANK........BSE CODE : 532215 (740.00)BUY AROUND, 735 TO 737 WITH SL OF 723 FOR A TARGET OF 757 , 765. MODERN INDIA.........BSE CODE : 503015 (233.75)BUY AROUND 230 TO 231 WITH SL OF 212 FOR A TARGET OF 245 , 255 NIFTY FUTURE ODAY SUPPORT -4700, 4677.......... HEREBY REQUEST ALL MY FRIENDS THAT THE ABOVE VIEWS ARE CONSOLIDATED VIEW OF SEVERAL ANALYST, AND PLEASE DONT AGRESSIVELY FOLLOW THEM, AS MARKET IS VERY VOLATILE AND THERE IS TOO MUCH FINANCIAL RISK INVOLVED IN TRADING.I NORMALLY HAVE NO POSITION IN ANY STOCKS MENTIONED ABOVE IN MY PERSONAL ACCOUNT. THIS MONTH OF APRIL WILL SHOW U NIFTY HIGH OF 5300 AND ABOVE.. AND ALSO BREAK 4400 LEVELS...