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MARKET WATCH ----
12th
Jan 2009 |
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We had a Very Good Performance last
trading session 9th Jan,
3000 put option bought around
70 levels is already up more than 200% hold your put options
with a stoploss of 2930 spot levels. Also hold Satyam
buy call initiated at Rs. 15 levels with a stoploss at
buy price. THIS CORRECTION
CAN GO DEEPER. Nifty daily trend has turned negative. MARKET
MAY RETEST 2500 OR EVEN GO DEEPER. HOLD YOUR SHORT POSITIONS...
PLEASE REFER TO EXCEL SHEET " DAILY REVERSAL VALUES" OF
RESPECTIVE STOCKS.. Most of the heavy weight counters like
Reliance, Ongc etc. also have turned negative on charts. WE
MAY SEE A NEW LOW THIS MONTH ITSELF.. if nifty fails to close
above 2929 for two more days, coz even if it trades in the
same range Relative Strength will raise and invite bears.
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For
Today support is at 2810, & 2751 and resistance at 2929, Minor
resistance at 2865, Relative strength is appearing in over sold region, bounce
back may be expected near support 1 to support 2 level. Nifty
bullish only above 2929.
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Nifty Levels for the day. (SPOT Prices )
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Our yesterdays calls nifty JP associates, Satyam, HindUnilever, Infosis
tech, TCS all performed excellent in a choppy market.
Satyam Bought at Rs.15 levels, hold with a
stoploss at your cost price. if things turnout right it can hit 82 within
no time.. as of now the developments looks positive... but be strict with
your stoploss and do not overtrade.
Intraday Traders Watch out these Stocks
Today---
(8Stocks)Refer Excel Report for Entry and Levels
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Sun Pharma
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Nagarjuna Const.
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Axis Bank
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Dlf
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Hindustan Unilever
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Infosys Tech
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CESC
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Welspun Guj
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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. |
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