Market Watch   ----  10th Feb 2009

Nifty/Stock Option Trades F\) Pivot Chart for Intraday Traders Of All Future Stock G\) Nifty Future Trading Strategy \(2\) Pre Market Calls At 9 A.M.

Previous days  Calls : ..Live market Calls, Renuka went close to our target 80, Reliance Ind completed first target 1384, Ranbaxy completed first target of 229.8, 3000 Call option raised upto 60% within intraday, India Cement Completed target,
  • Renuka Sugar buy call given yesterday at 76.5 is right now trading at 78.8, hold position with modified stoploss at cost price, for targets of upto 80, 83
  • Buy Nifty 3000 Call Option around 2860 spot levels with a stoploss of 2805, can expect nifty to test 3150 levels shortly. (Holding Period 5 days)
  • Reliance Ind Buy above 1353 SL 1325 Tgt 1384, 1406 (Positional Call, 3 days holding) >> completed first Target , Now trail stoploss to 1349.
  • Ranbaxy Buy above 223.6, SL 216.1 Tgt 229.8, 235, 256 (Intraday / Positional Call, 3 days holding) Completes our First target, now trail stoploss to cost price.
  • Fresh Call : RPL buy above 88.9, SL 86, TGT 91.3, 93.65 (Intraday / Positional Call, 3 days holding)
  • ICICI Bank, Buy above 430, SL 420.5 , TGT 442, 481 (Intraday / Positional, Holding Period 5 days)
  • NEW CALLS FOR THE DAY... WILL BE GIVEN IN YAHOO MESSENGER. DURING LIVE MARKET HOURS...add our Yahoo ID **Dhavin@ymail.com**

  • As we had said in yesterday market watch that  nifty will stage a breakout... nifty opened slightly weak, taking cues from global indexes, but soon recovered and started to trade above 2860, their after their was no looking back... now the next major res. is placed between 2959 and 3000 levels. relative strength is showing a bit on the over bought region. profit booking can be expected at higher levels today...

 

Nifty  Levels for the day. (SPOT Prices )

Prev. Close % Change Volatility RSI Daily Trend Trend Reversal Sup 2 Sup 1 CP/ Pivot Res 1 Res 2
2919 2.7 3.02 92 UP 2839 2831 2874 2916 2959 3002
 

 

Intraday Traders Watch out these Stocks  Today---

   Refer Excel Report for Entry and Levels

  • Financial Tech

  • Indus Ind Bank

  • S Kumar Syn.

  • APIL

  • Mphasis

  • Petronet

These Stocks might move 3 to 10% intraday in either direction, Buy Stocks which show Intraday Strength only if Nifty trades above Pivot Level. and sell Weaker stocks only when nifty gets weaker, The idea is to capitalize on the Intraday Swings.

NIFTY DayTraderPRO Commentary

DayTrader PRO
Date: 09/02/09 3:37:50 PM

The last Automatic signal generated was a BUY 72 period(s) ago.

DYNAMIC Levels
Immediate Res : 2,929.05
SHORT Trailing Stop : 2,926.55
Current Value : 2,919.900
LONG Trailing Stop : 2,869.15
Immediate Sup : 2,858.90
Relative Strength : 53
Current Volume: 0
Current Vol. Ratio: {NAN}
Daily Trend Reversal :2,839.53
Intraday Volatility :3.02

^NSEI() 10-minute Interval Chart currently trading at 2,919.90 is above its Short time (7 Period) moving average.
Short time moving average is currently above mid-time (13 Period), AND above long time (34 Period) moving averages.
The relationship between price and EMA is bullish in short term, and bullish in Mid-term

The RSI and price are not diverging.

This commentary is Automatically generated by DayTraderPRO and is not a recommendation to buy or sell. Use at your own risk. Use at your own risk.to know more about the system visit
www.dhavin.com

   

 

                                   
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