Tips for 11.01.2008

Thursday, January 10, 2008

JAI SHRI KRISHNA
US MKT POSITIVE
ASIAN MKT MIXED.ALL EYES TO INFOSYS RESULTRESULT WELL IN LINES, BUT NOT TOO MUCH MAKING MKT FAVOURABLE.VOLATIALITY EXISTS.TAKE CARE, DONT TAKE SHORT POSITIONS HOME.,
FED RATE CUT EXPECTED::BUY RNRL IF SUSTAINS ABOVE 245 STOP LOSS BELOW 241 TARGET 247-248-250+
SELL BELOW 239 STOP LOSS 242 TARGET 236-234-232 AND BELOW
BUY HIMACHLFUT IF SUSTAINS ABOVE 60 STOP LOSS 59 TARGET 60.50-61.50-62.50+
SELL BELOW 57.50 STOP LOSS 59.50 TARGET 56-55-
IFCI, LT , BHEL,, TISCO, BALRAMPUR CHIN, BAJAJ HNDUSTAN, TRIVENI : PANIC CATCH..
BHARTI, IDEA, SPICE TELCOM, RCOM : DECLINE TO BEST BUY AND ACCUMULATE. HARTI, IDEA, SPICE TELCOM, RCOM : DECLINE TO BEST BUY AND ACCUMULATE.
LOOK FOR TRADING OPPURTUNITIES IN ICICI BANK N FEDERALBANK
DOWN SIDE NIFTY STRONG SUPPORT 6000--6021 RANGE CLOSE EYE THESE LEVEL ON PANIC...
DOWN WARD CONTINUE......LONG TERM TREND ARE BULLISH, EXCELLENT OPPORTUNITY , ACCUMULATE QUALITY STOCKS
NIFTY FUTURE: TODAY RESISTANCE 6200-6210, BREAK 6140 TARGET 6091..........
NIFTY FUTURES (F & O): EXPECT RALLY UP TO 6196 LEVEL (OR) 6264-6266 ZONE FOR TIME BEING.SUPPORT AT 6131 & 6151 LEVELS. BELOW 6061-6063 ZONE, EXPECT PANIC AND HAVE CAUTION. GO SHORT IF TOUCHES 6332-6334 ZONE ON UPPER SIDE. STOP LOSS AT 6399-6401 ZONE.
SHORT-TERM INVESTORS: SHORT-TERM UPWARD TARGET AT 6467-6469 ZONE. SHORT-TERM SUPPORT AT 5994-5996 ZONE. SHOULD NOT BE ALLOWED TO BREAK AT ANY COST.
HCC FUT : BUY WITH TARGET OF 231, 236. . . . . . .KEEP STOP LOSS OF 220 GOOD SUPPORT LEVEL
HPCL FUT : BUY WITH STOP LOSS OF 324 WITH TARGET OF 342, 348 . . .
GREAT OFFSHORE FUT :BUY WITH STOP LOSS OF 960 WITH TARGET OF 988, 1010. . . .
SUJANA METAL (513414) :BUY IT WITH STOP LOSS OF 44 ON CLOSING BASIS WITH TARGET OF 53, 60 . . . .SURYA ROSHINI (500336) : BUY WITH STRICT STOPLOSS OF 82. . . ON CLOSING BASIS. . . WITH TARGET OF 91, 95. . . .
JP ASSOCIATES FUT :BUY WITH STOP LOSS OF 424 . . . . . TARGET OF 444, 450. . .
RNRL FUT : BUY WITH STOP LOSS OF 201 WITH TARGET OF 215, 218. . .
LET THE CORRECTION BE OVER THEN START BUYING AGAIN. TODAY INFOSYS RESULT MAY ALSO LEAD THE MARKET EITHER WAY. WATCH OUT FOR THE RESULTS. I AM STILL OF THE OPINION THAT BOTH BULLISH AND BEARISH OPPORTUNITIES WILL BE AVAILABLE. HOWEVER KEEP IN MIND THE RESISTANCE OF 6215 AND 6285.
LET THE CORRECTION BE OVER THEN START BUYING AGAIN. TODAY INFOSYS RESULT MAY ALSO LEAD THE MARKET EITHER WAY. WATCH OUT FOR THE RESULTS. I AM STILL OF THE OPINION THAT BOTH BULLISH AND BEARISH OPPORTUNITIES WILL BE AVAILABLE. HOWEVER KEEP IN MIND THE RESISTANCE OF 6215 AND 6285.
AVANISH AGRAWAL: MARKET OUTLOOK:-MARKET BULLISH, BUT IN CORRECTION MODE. BREAK OF 6135 WILL TAKE NIFTY TO 6000 AND THEN SUPPORT IS AT 5890 IN COMING DAYS. TODAY NIFTY WILL FACE RESISTANCE AT 6215 AND THEN 6285. I HAVE BEEN CAUTIONING AGAINST KEEPING LONG SINCE TWO DAYS. TIMING IN MARKET IS VERY IMPORTANT, WHICH KEEPS YOU ALWAYS ON RIGHT SIDE AND ALWAYS IN PROFITS.