INDIAN STOCK MARKET NEWS LETTER FOR 05/02/2010
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 05-February-2010
Market Trend -Short term -BULLISH-Intermediate term-Bearish-Long Term-Neutral
Suggested standing placement of fail-safe stops...
If Nifty future Long -- exit all contracts at ... 4,757.85
If Nifty future Short -- exit all contracts at ... 5,290.00
NSE Index (C-4845.35) Resistance 4870 4910 4970
NSE Index Support 4805 4770
BSE Sensex (C-16224.95) Resistance 16310 16425 16630
BSE Sensex Support 16105 15985
Nifty Future (C-4833.60) Resistance 4855 4890 4940
Nifty Future Support 4800 4770
Bank Future (C-8442) Resistance 8490 8555 8665
Bank Future Support 8375 8310
Short Term Buy Calls
High risk high gain zone with shorter time
-Nil-
Daily Short Term Sell Calls
High risk high gain zone with shorter time
HIND UNILEVER (C-231.05): Looking Weak: Sell around 234 Target1-228, Target2-(Paid):Resistance1-237-Resistance2-242
STATE BANK(C-1947.9): Looking Weak: Sell around 1961 Target1-1926, Target2-(Paid):Resistance1-1983-Resistance2-2018
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.
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DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. |