MARKET WATCH    ----  9th Jan 2009

  • We had a Rocking Performance yesterday 7th Jan, as suggested by us many members have bought 3000 put option and are short in nifty and recommended stocks from 3060 levels, HOLD YOUR SHORT POSITIONS WITH STOPLOSS OF 3016 (NIFTY SPOT) . 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..

  • For Today support is at 2850, & 2788 and resistance at 2986 & 3046, one can still take fresh short positions as long as nifty trades below 2917.
 

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
2920
-6.18
8.28
12
  DOWN
3016
2659
2788
2917
3046
3175
 

 

Our yesterdays calls nifty profit of 150+ Points, 3000 Put option up 150+ % in one single session. Recommended Satyam short at daily reversal value..moved 75% in one single session...

Intraday Traders Watch out these Stocks  Today---   (7Stocks)Refer Excel Report for Entry and Levels

  • JP Associates

  • Satyam Compu.

  • Grasim

  • TCS

  • Hindustan Unilever

  • Infosys Tech

  • Hotel Leela

 

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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