INDIAN STOCK MARKET NEWS LETTER FOR 04/01/2010

N. Karunakaran

Real time Experience in Indian Stock Market Over 17 Year

Cell: 09282150677: SMS Cell: 09841280354 Email: karunakaran@investearn.com

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For 04-January-2010

Market Trend -Short term -Bullish-Intermediate term-Neutral-Long Term-Neutral

Yearly NSE Index (C-5201.05) Resistance 6105 7005

Yearly NSE Index Support 4320 3420 1640

Yearly BSE Sensex (C-17464.81) Resistance 20650 23835

Yearly BSE Sensex Support 14345 11165 4860

Yearly Nifty Future (C-5202.30) Resistance 6115 7025

Yearly Nifty Future Support 4320 3410 1615

Yearly Bank Future (C-9032.50) Resistance 11325 13620

Yearly Bank Future Support 7300 5015 1000

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Suggested standing placement of fail-safe stops...

If Quarterly Nifty future Long -- exit all contracts at ... 2,228.00

If Quarterly Nifty future Short -- exit all contracts at ... 6,336.00

Quarterly NSE Index (C-5201.05) Resistance 5435 5670

Quarterly NSE Index Support 4985 4750 4300

Quarterly BSE Sensex (C-17464.81) Resistance 18220 18975

Quarterly BSE Sensex Support 16775 16020 14575

Quarterly Nifty Future (C-5202.30) Resistance 5445 5685

Quarterly Nifty Future Support 4985 4745 4290

Quarterly Bank Future (C-9032.50) Resistance 9700 10355

Quarterly Bank Future Support 8935 8275 7520

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Suggested standing placement of fail-safe stops...

If Monthly Nifty future Long -- exit all contracts at ... 2,228.00

If Monthly Nifty future Short -- exit all contracts at ... 5,229.00

Monthly NSE Index (C-5201.05) Resistance 5300 5400

Monthly NSE Index Support 5125 5020 4845

Monthly BSE Sensex (C-17464.81) Resistance 17805 18145

Monthly BSE Sensex Support 17190 16850 16235

Monthly Nifty Future (C-5202.30) Resistance 5310 5415

Monthly Nifty Future Support 5125 5015 4830

Monthly Bank Future (C-9032.50) Resistance 9465 9895

Monthly Bank Future Support 9010 8580 8130

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Suggested standing placement of fail-safe stops...

If Weekly Nifty future Long -- exit all contracts at ... 4,531.55

If Weekly Nifty future Short -- exit all contracts at ... 5,229.00

Weekly NSE Index (C-5201.05) Resistance 5230 5260

Weekly NSE Index Support 5195 5165 5130

Weekly BSE Sensex (C-17464.81) Resistance 17560 17650

Weekly BSE Sensex Support 17440 17350 17230

Weekly Nifty Future (C-5202.30) Resistance 5235 5270

Weekly Nifty Future Support 5195 5160 5120

Weekly Bank Future (C-9032.50) Resistance 9110 9180

Weekly Bank Future Support 9020 8945 8860

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Suggested standing placement of fail-safe stops...

If Daily Nifty future Long -- exit all contracts at ... 4,937.15

If Daily Nifty future Short -- exit all contracts at ... 5,229.00

Daily NSE Index (C-5201.05) Resistance 5225 5250

Daily NSE Index Support 5195 5170 5145

Daily BSE Sensex (C-17464.81) Resistance 17545 17620

Daily BSE Sensex Support 17450 17375 17290

Daily Nifty Future (C-5202.30) Resistance 5210 5235 5245

Daily Nifty Future Support 5185 5170

Daily Bank Future (C-9032.50) Resistance 9050 9080 9125

Daily Bank Future Support 9000 8975

Short Term Buy Calls

High risk high gain zone with shorter time

KALINDEE RAIL NIRMAN (C-221.1): Weekly Chart Looking Strong: Buy around 214 Target1-247, Target2-(Paid):Support1-189 -Support2-156

ONMOBILE GLOBAL LTD(C-452.65): Weekly Chart Looking Strong: Buy around 442 Target1-479, Target2-(Paid):Support1-415-Support2-378

NATL ALUM – NEW(C-417.9): Daily Chart Looking Strong: Buy around 409 Target1-430, Target2-(Paid):Support1-397-Support2-376

STEEL AUTHORITY(C- 241.7): Daily Chart Looking Strong: Buy around 241 Target1-245, Target2-(Paid):Support1-238-Support2-234

As per our level, the trader should take BUY position just around our buy around level and keep the stop of Support1 level and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at buy around level .Similarly if price goes around our Sell around level the trader should SELL and keep the Resistance1 as Stop and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at Sell around level. If any time stop triggered (Buy/Sell) go reverse(buy calls  mean go short-Sells call mean go long )- For buy call stop (Support1) triggered- you go short and keep target as Support2 and keep stop as Buy around- For sell call stop triggered(Resistance1)-you go long and seep target as Resistance2 and keep stop Sell around level    

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Disclosure:

The analyst and his dependents hold no positions in the stocks/futures where calls are given.