MARKET WATCH    ----  5th Jan 2009

  • Gapup opening expected, Selling pressure might come around 3100 level.  Relative strength is in favor of bulls. below 3040 nifty will turn negative. Go Long only above Pivot level

  • As we told yesterday most part of the day was highly rangebound, nifty moved with positive bias.
 

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
3047
0.44
1.89
88
  UP
2996
2986
3015
3043
3072
3101
 

Intraday Traders Watch out these Stocks

Our Fridays Free Recommendations India Infoline Fired 20%, Unitech 8%, NDTV Sell Reco. was down - 3% in a range bound market...

Refer Excel Report for Entry and Levels

  • India Infoline

  • IVR Prime

  • Guj Alkali

  • Indus Ind Bank

  • Nagarjuna Cons.

  • Sathyam Compu. (News Based)

  • Dr Reddy (Weak)

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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