INDIAN STOCK MARKET NEWS LETTER FOR 2012-01-16

N. Karunakaran

Real time Experience in Indian Stock Market Over 18 Year

Cell: 09282150677: Email: karunakaran@investearn.com

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For 2012-01-16

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

Suggested standing placement of fail-safe stops...

If Weekly Nifty future Long -- exit all contracts at ... 4538

If Weekly Nifty future Short -- exit all contracts at ... 5403

Weekly NSE Index ( C - 4866 ) Resistance 4944 5023

Weekly NSE Index Support 4820 4741 4616

Weekly BSE Sensex ( C - 16154 ) Resistance 16381 16609

Weekly BSE Sensex Support 16030 15802 15451

Weekly Nifty Future ( C - 4878 ) Resistance 4962 5046

Weekly Nifty Future Support 4833 4749 4621

Weekly Bank Future ( C - 8958 ) Resistance 9254 9550

Weekly Bank Future Support 8777 8481 8004

Weekly Short Term Buy Calls

High Risk High gain zone with One Day to One Week Time
Index, group a and future based shares

ADANIPOWER ( C - 80.6 ): Weekly Chart Looking Strong: Buy around 76.3 Target1 - 88.7 , Target2 - (Paid) : Support1 - 68.2 - Support2 - 55.9

BAJAJHIND ( C - 30.7 ): Weekly Chart Looking Strong: Buy around 29.5 Target1 - 33.1 , Target2 - (Paid) : Support1 - 27.2 - Support2 - 23.6

HDIL ( C - 72.7 ): Weekly Chart Looking Strong: Buy around 67.4 Target1 - 79.8 , Target2 - (Paid) : Support1 - 60.2 - Support2 - 47.8

LITL ( C - 14.8 ): Weekly Chart Looking Strong: Buy around 13.4 Target1 - 16.5 , Target2 - (Paid) : Support1 - 11.7 - Support2 - 8.63

MTNL-I ( C - 28.8 ): Weekly Chart Looking Strong: Buy around 28.0 Target1 - 30.2 , Target2 - (Paid) : Support1 - 26.5 - Support2 - 24.2

RCOM ( C - 87.5 ): Weekly Chart Looking Strong: Buy around 84.0 Target1 - 92.7 , Target2 - (Paid) : Support1 - 78.8 - Support2 - 70.1

RELINFRA ( C - 410 ): Weekly Chart Looking Strong: Buy around 401 Target1 - 436 , Target2 - (Paid) : Support1 - 375 - Support2 - 340

RPOWER ( C - 89.4 ): Weekly Chart Looking Strong: Buy around 85.1 Target1 - 96.0 , Target2 - (Paid) : Support1 - 78.4 - Support2 - 67.5

UNITECH ( C - 24.4 ): Weekly Chart Looking Strong: Buy around 23.0 Target1 - 26.3 , Target2 - (Paid) : Support1 - 21.0 - Support2 - 17.7

Weekly Short Term Sell Calls

High Risk High gain zone with One Day to One Week Time
Index, group a and future based shares

INFY ( C - 2584 ): Weekly Chart Looking Weak: Sell around 2677 Target1 - 2459 , Target2 - (Paid) : Ressistance1 - 2801 - Support2 - 3019

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.