mkt news

Alert Name: Bullish Head and Shoulders Bottom Alert Criteria: Stocks (Any Indian Exchange); Head and Shoulders Bottom; Daily and Weekly Events.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type AUTAXL NSE Automotive Axles Ltd Head and Shoulders Bottom 114.00 138.00 - 144.00 Intermediate-Term Bullish DWASUG NSE Dwarikesh Sugar Industries Ltd Head and Shoulders Bottom 40.25 50.00 - 52.00 Intermediate-Term Bullish ELEENG NSE Elecon Engineering Co Ltd Head and Shoulders Bottom 37.20 49.00 - 51.00 Intermediate-Term Bullish ENTNET BSE Entertainment Network India Ltd Head and Shoulders Bottom 169.60 210.00 - 224.00 Intermediate-Term Bullish ENTNET NSE Entertainment Network India Ltd Head and Shoulders Bottom 170.00 210.00 - 224.00 Intermediate-Term Bullish GLDY BSE Glodyne Technoserve Ltd Head and Shoulders Bottom 228.00 315.00 - 334.00 Intermediate-Term Bullish GLDY NSE Glodyne Technoserve Ltd Head and Shoulders Bottom 230.00 311.00 - 331.00 Intermediate-Term Bullish GOACAR BSE Goa Carbons Ltd Head and Shoulders Bottom 50.70 65.00 - 69.00 Intermediate-Term Bullish ICRLIM NSE ICRA Ltd Head and Shoulders Bottom 443.00 533.00 - 555.00 Intermediate-Term Bullish ILFVEN NSE IL&FS Investment Managers Ltd Head and Shoulders Bottom 133.00 177.00 - 187.00 Intermediate-Term Bullish MADPRO NSE Madhucon Projects Ltd Head and Shoulders Bottom 82.45 101.00 - 105.00 Intermediate-Term Bullish NATSYN NSE IOL Netcom Ltd Head and Shoulders Bottom 47.10 53.25 - 54.75 Intermediate-Term Bullish PRICEM NSE Rain Commodities Ltd Head and Shoulders Bottom 90.60 110.00 - 115.00 Intermediate-Term Bullish SMIBC NSE GlaxoSmithKline Consumer Healthcare Ltd Head and Shoulders Bottom 590.00 664.00 - 682.00 Intermediate-Term Bullish SUNTV NSE Sun TV Network Ltd Head and Shoulders Bottom 183.05 224.00 - 236.00 Intermediate-Term Bullish TATHON NSE Honeywell Automation India Ltd Head and Shoulders Bottom 918.00 1,023.00 - 1,068.00 Intermediate-Term Bullish

Alert Name: India, Bullish Alert Criteria: Stocks (Any Indian Exchange); Price at least 3.00; Volume at least 50,000; Classic Patterns; Bullish; Daily Events.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type APOHOS NSE Apollo Hospitals Enterprise Ltd Diamond Bottom 448.00 571.00 - 598.00 Intermediate-Term Bullish ASHLEY BSE Ashok Leyland Ltd Flag (Bullish) 15.00 18.60 - 19.40 Short-Term Bullish ASTMIC BSE Astra Microwave Products Ltd Bottom Triangle 51.25 64.00 - 68.00 Intermediate-Term Bullish BAFINS NSE Bajaj Finserv Ltd. Megaphone Bottom 147.40 198.00 - 210.00 Intermediate-Term Bullish BEML NSE B E M L Ltd Flag (Bullish) 331.50 382.00 - 395.00 Short-Term Bullish EIDPAR NSE EID Parry (India) Ltd Bottom Triangle 150.00 202.00 - 214.00 Intermediate-Term Bullish ELEENG NSE Elecon Engineering Co Ltd Head and Shoulders Bottom 37.20 49.00 - 51.00 Intermediate-Term Bullish ENTNET BSE Entertainment Network India Ltd Head and Shoulders Bottom 169.60 210.00 - 224.00 Intermediate-Term Bullish ENTNET NSE Entertainment Network India Ltd Head and Shoulders Bottom 170.00 210.00 - 224.00 Intermediate-Term Bullish FUTCAP BSE Future Capital Holding Ltd Pennant (Bullish) 180.00 223.00 - 235.00 Short-Term Bullish GMRINF BSE GMR Infrastructure Ltd Diamond Bottom 75.15 105.00 - 112.00 Intermediate-Term Bullish GMRINF NSE GMR Infrastructure Ltd Diamond Bottom 75.05 104.00 - 111.00 Intermediate-Term Bullish ICIBAN BSE ICICI Bank Ltd Flag (Bullish) 458.05 533.00 - 553.00 Short-Term Bullish ICIBAN NSE ICICI Bank Ltd Flag (Bullish) 460.00 532.00 - 552.00 Short-Term Bullish MANCHE NSE Mangalore Chemicals & Fertilizers Ltd Flag (Bullish) 13.30 16.40 - 17.10 Short-Term Bullish PRAIN BSE Praj Industries Ltd Diamond Bottom 64.55 99.00 - 107.00 Intermediate-Term Bullish PRAIN NSE Praj Industries Ltd Diamond Bottom 64.30 99.00 - 107.00 Intermediate-Term Bullish SUNADV BSE Sun Pharma Advanced Research Company (SPARC) Ltd Flag (Bullish) 42.35 55.00 - 58.00 Short-Term Bullish SUNTV BSE Sun TV Network Ltd Bottom Triangle 183.45 219.00 - 230.00 Intermediate-Term Bullish SUNTV NSE Sun TV Network Ltd Bottom Triangle 183.05 222.00 - 234.00 Intermediate-Term Bullish SUNTV NSE Sun TV Network Ltd Head and Shoulders Bottom 183.05 224.00 - 236.00 Intermediate-Term Bullish VARIN NSE Varun Industries Ltd Flag (Bullish) 34.00 49.00 - 52.00 Short-Term Bullish

Alert Name: India, Bearish Alert Criteria: Stocks (Any Indian Exchange); Price at least 5.00; Volume at least 50,000; Classic Patterns; Bearish; Daily Events.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type VERMAC BSE Vertex Spinning Ltd Head and Shoulders Top 9.25 7.90 - 8.10 Intermediate-Term Bearish

Alert Name: Any Short Term Pattern Alert Criteria: Stocks (Any Indian Exchange); Price 5.00 to 300.00; Volume between 50,000 and 10,000,000; Short-term Patterns; Any Opportunity Type (Bullish, Bearish or Other); Daily Events.

Following are the first 50 matching Technical Event® opportunities out of 67. Please consider refining your alert criteria.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type AGRDUT NSE Agro Dutch Industries Ltd Engulfing Line (Bullish) 13.45 n/a Short-Term Bullish AGRDUT NSE Agro Dutch Industries Ltd Outside Bar (Bullish) 13.45 n/a Short-Term Bullish ALLBAN NSE Allahabad Bank Engulfing Line (Bullish) 50.45 n/a Short-Term Bullish ASHLEY BSE Ashok Leyland Ltd Engulfing Line (Bullish) 15.00 n/a Short-Term Bullish BAFINS NSE Bajaj Finserv Ltd. Gap Up 147.40 n/a Other BAGFIL NSE B.A.G Films & Media Ltd Engulfing Line (Bullish) 15.00 n/a Short-Term Bullish BANOVE BSE Bang Overseas Ltd Engulfing Line (Bullish) 158.90 n/a Short-Term Bullish BFLSOF NSE Mphasis Ltd Engulfing Line (Bullish) 159.05 n/a Short-Term Bullish BGRENE BSE BGR Energy Systems Ltd Inside Bar (Bullish) 141.45 n/a Short-Term Bullish CANBAN BSE Canara Bank Hammer 193.55 n/a Short-Term Bullish CANBAN NSE Canara Bank Hammer 193.00 n/a Short-Term Bullish ELECAS BSE Electrosteel Castings Ltd Inside Bar (Bullish) 14.24 n/a Short-Term Bullish ELECAS NSE Electrosteel Castings Ltd Inside Bar (Bullish) 14.30 n/a Short-Term Bullish ENTNET BSE Entertainment Network India Ltd Gap Up 169.60 n/a Other EVESYS NSE Everonn System India Ltd Engulfing Line (Bullish) 229.40 n/a Short-Term Bullish GNFC NSE Gujarat Narmada Valley Fertilisers Co Ltd Engulfing Line (Bullish) 53.50 n/a Short-Term Bullish HCLTEC NSE HCL Technologies Ltd Engulfing Line (Bullish) 116.15 n/a Short-Term Bullish HCLTEC NSE HCL Technologies Ltd Outside Bar (Bullish) 116.15 n/a Short-Term Bullish HINLEV BSE Hindustan Unilever Ltd Inside Bar (Bullish) 252.00 n/a Short-Term Bullish INDBUL BSE Indiabulls Financial Services Ltd Engulfing Line (Bearish) 137.90 n/a Short-Term Bearish INDBUL NSE Indiabulls Financial Services Ltd Engulfing Line (Bearish) 137.90 n/a Short-Term Bearish ISPIND NSE Ispat Industries Ltd Hammer 11.80 n/a Short-Term Bullish JYOSTR NSE Jyoti Structures Ltd Gap Up 73.50 n/a Other KALPOW NSE Kalpataru Power Transmission Ltd Key Reversal Bar (Bullish) 276.95 n/a Short-Term Bullish MANCHE NSE Mangalore Chemicals & Fertilizers Ltd Engulfing Line (Bullish) 13.30 n/a Short-Term Bullish MAYINF NSE Maytas Infra Ltd Inverted Hammer 161.60 n/a Short-Term Bullish MCLRUS NSE McLeod Russel India Ltd Inside Bar (Bullish) 48.25 n/a Short-Term Bullish MTNL BSE Mahanagar Telephone Nigam Ltd Hammer 79.80 n/a Short-Term Bullish MYSCEM NSE Mysore Cements Ltd Hammer 14.65 n/a Short-Term Bullish PARDE NSE Parsvnath Developers Limited Hammer 47.30 n/a Short-Term Bullish PRICE NSE Prism Cement Ltd Engulfing Line (Bullish) 18.30 n/a Short-Term Bullish PYRSAI BSE Pyramid Saimira Theatre Ltd Gap Down 42.40 n/a Other PYRSAI BSE Pyramid Saimira Theatre Ltd Inverted Hammer 42.40 n/a Short-Term Bullish PYRSAI NSE Pyramid Saimira Theatre Ltd Gap Down 42.40 n/a Other PYRSAI NSE Pyramid Saimira Theatre Ltd Gravestone (Bullish) 42.40 n/a Short-Term Bullish RAJEXP BSE Rajesh Exports Ltd Engulfing Line (Bullish) 25.35 n/a Short-Term Bullish ROHFER NSE Rohit Ferro-Tech Ltd Engulfing Line (Bullish) 19.85 n/a Short-Term Bullish ROHFER NSE Rohit Ferro-Tech Ltd Outside Bar (Bullish) 19.85 n/a Short-Term Bullish SELMAN NSE SEL Manufacturing Co Ltd Hammer 57.00 n/a Short-Term Bullish SHICEM BSE Shiva Cement Ltd Engulfing Line (Bullish) 5.29 n/a Short-Term Bullish SININD NSE Sintex Industries Ltd Hammer 199.85 n/a Short-Term Bullish SUNADV NSE Sun Pharma Advanced Research Company (SPARC) Ltd Engulfing Line (Bullish) 42.60 n/a Short-Term Bullish SUNADV NSE Sun Pharma Advanced Research Company (SPARC) Ltd Inside Bar (Bullish) 42.60 n/a Short-Term Bullish TAKSOL NSE Take Solutions Ltd Hammer 23.95 n/a Short-Term Bullish TANAER BSE Taneja Aerospace and Aviation Ltd Engulfing Line (Bullish) 30.40 n/a Short-Term Bullish TV18 NSE Television Eighteen India Ltd Hammer 90.25 n/a Short-Term Bullish VAKRAN NSE Vakrangee Softwares Ltd Engulfing Line (Bullish) 32.00 n/a Short-Term Bullish VIJBAN NSE Vijaya Bank Inverted Hammer 32.90 n/a Short-Term Bullish VIKWSP BSE Vikas W S P Ltd Gap Up 14.38 n/a Other ZEENEW NSE Zee News Ltd Inverted Hammer 34.75 n/a Short-Term Bullish

(Inder Bhatia)

The Indian market opened on positive note and drift lower in afternoon session but saw smart recovery in later session and close in green zone . For coming session in nifty trade above 2999 it can test 3031 -3053 on the lower side 2944 will act support zone .

Buy ACC above 483 SL 477 Target 494-505
Buy L&T above 778 SL 765 Target 791-809
Buy SAIL above 80 SL 75 Target 82-86-90 (HIGH RISK CALL)
Buy INFOSYS above 1129 SL 1110 Target 1144
Sell TATACOMM below 493 SL 505 Target 486-478



rupeshydalal

NIFTY FUTURE

ABOVE 2969 TARGET 3003-3048-3119
BELOW 2939 TARGET 2916-2894-2865

(SVShah)

NSE Index (C-2979.50)

Resistance : 3015 / 3060-70 / 3090 / 3120

Support : 2960 / 2930-20 / 2860 / 2840

BSE Sensex (C-9716.16) : Buying Expecting Once SENSEX Starts Trading Above 9775 , Till Then Be Stock Specific Only

Resistance : 9835 / 9955

Support : 9665 / 9545 / 9375

Nifty Future (C-2986.90)

Resistance : 3035 / 3070-80

Support : 2965 / 2925 / 2860

Bank Future (C-5076.00)

Resistance : 5170 / 5260

Support : 5050 / 4955 / 4840

MKT COMMENTS

NIFTY FUT OI down 1.68% with flat volumes indicating unwinding of long positions at higher levels.

We expect NIFTY FUT to trade volatile with possibility of profit booking at higher levels.

On the Wednesday ,Opening is Flat to Up,

Stay Long Above 2970,Sl Below 2955,Tgt 3015-3035-3055-3105,

Sustain Below 2955,Sell with Sl Above 2970,Tgt 2930-2910-2855/45-2725.

SATYAM COMPUTER
Buy Above 162,Sl 156,Tgt 168/175
Sell Below 154,Sl 156,Tgt 149/138

BPCL

Buy Above 387,Sl 380,Tgt 392/400
Sell Below 378,Sl 382,Tgt 374/362

J.P. ASSOCIATES
Buy Above 84,Sl 82,Tgt 86/89
Sell Below 81,Sl 82,Tgt 80/76

CENTRAL BANK
Buy Above 40,Sl 40,Tgt 41/42
Sell Below 39,Sl 40,Tgt 38/37

WIPRO

Buy Above 238,Sl 236.Tgt 241/245

Sell Below 234,Sl 236,Tgt 230/227

HINDUNILEVER

Buy Above 255,Sl 252,Tgt 258/261+

Sell Below 250,Sl 252,Tgt 246/242+

AURO PHARMA : Buy Above 165,Sl 160,Tgt 170/175

ALLAHABAD BANK : Buy Above 51,Sl 50,Tgt 53++

Buy ADLABS Above 175/77

Buy CAIRN Above 175,Sl 170,Tgt 180/85/90

Buy ABAN Above 650,Sl 630,Tgt 690/715/40

Buy ABB Above 450,Sl 445,Tgt 455/60/70

Buy BANKINDIA Above 295,Tgt 300-305-320,Sl -285

Buy BHARTI Above 725,Tgt 735-750-785,Sl 720

Buy JETAIRWAYS Above 200,Tgt 210-215-240,Sl 195

Sell MASTEK Below 160,Tgt 155-150-145,Sl 164

Sell TATASTEEL Below @ 215,Tgt 210-205-195,Sl 220

Sell GRASIM Below @ 1235,Tgt 1215-1190-1135,Sl 1240

TATAPOWER (740) Sell with Sl Above 725,Tgt-751-760

FUTURES

Buy CROMPTON GREAVES Jan @133,Sl 132,Tgt 134/136-137-138/139/141/143 (Lot Size 500)

HDFC BANK (C-1019) : Buy Arnd 1015-20,Tgt 1035+++,Sl 995 ( Positional Traders Buy With Sl 985)

PUNJAB NATIONAL BANK (C-531.1) : Buy Around 520-25,Tgt 540+++,Sl 510

RENUKA (C-70.10) : Buy Around 68-69,Tgt 73+++Sl 66 ( Positional Traders Buy With Sl 63)

RELIANCE COMM (C-228.15) : Buy Arnd 220-25,Tgt 235+++,Sl 215 ( Positional : Buy With Sl 205)

REL (585.25) : Buy @ 570-75,Sl 555,Tgt 595/605

RIL(1249) : Buy @ 1230-35,Sl 1220,Tgt 1260/1270

SBI(1289) : Buy @ 1270-75,Sl 1255,Tgt 1290/1310/1320 (If Open High Sell for Intraday @ 1315-25,Sl 1340,Tgt 1285/1275

Sell FINANCIAL TECH Jan @515,Sl 521,Tgt 511/509/507/502-496/491/488-483/475/470(Lot Size 150)

Manas

First of all, wish u and ur family a very happy and blessed new year.

now coming back to the markets, if someone would have read the blog yestrday, should have made huge profits intraday(hopefully). thts the only reason i keep telling, forget all news, views, and just concentrate on levels to make money.

for today i am uploading a nifty futures EOD chart to show that nifty faced strong resistence arnd 3015 and fell from there.

now for today, if we open gap up, and sustain 2990 levels, nifty may go on to hit 3053 levels for intraday. NO SHORTING IS ADVISED TILL WE CLOSE BELOW THE TRENDLINE, as closing above 3055 may take nifty to 3240 levels as we..today only and only if we close below 2990, one may go short and hold it positionally with the day's high as SL.

however this will not be a completely safe trade, as, market only becomes a short if closes below 2842 levels as of now.

intraday support exists around 2957 levels

(NOORESH)

Sensex Technical View:
The pullback from 9200-9000 band continues with Sensex inching closer to 9800 zone. The upside resistance comes aroud 10050 -10400 zones. Only a move beyond 10400 could lead to an extension of the rally. The strategy remains to trade selectively between 8900 -10400.

Stocks to watchout for :

Balrampur Chini :
A flag pattern is observed on the charts. 2-3 Sessions close above 48 will give a move to 55-60 levels in short term Stop placed around 45. Even Bajaj Hind , Renuka Sugars look good for some moves technically.

GMR Infra
Buy on sustaining above 75 for a tgt of 80-84 in short term. Stop placed below 72-71.

Power Finance
The stock has been in the range of 135 to 120 for the last few weeks. Above 135 can give a move to 144-150 in extreme short term. Quick traders can keep a watch.

High risk picks which can surprise in short term if they see moves with volumes. Traders can keep it on their tickers. Buy if sustains 3-5 % above cmp with good volumes.

Triveni Engg , Suzlon , Sintex Inds , Central Bank.

Satyam had clearly presented the view when the stock started correcting below 140 and gave opportunities till 115. Also the range to buy in pyramid way was to 140-110. Pyramiding implies going say 50-100-200 and so on in falls to build a position. The strategy to book profits would similarly be in pyramid method of 50-100-200 and so on to reduce risks and conserve gains.
Stock has moved frm 120 to 160 which is a minimum returns of 15-30 %. Advise is to book 30-50 % of holding and trail rest.

(Ilango)

Nifty has managed to close above 5 DMA comfortably. Now to hold on to that gains..

There is a minor negative divergence in the 5-minute chart that has triggered the last hour fall. Now if the supports at 2930 or 2900 or 2890 is held, there is a likelihood of this uptrend continuing.If world mkts are good/ flat, 2930 should hold.

Any weakness below 2890 will result in selling towards a critical 2830 level break of which fall will accelerate.

So allow the correction to find its bottom for buying into.

Presently, daily is in uptrend and hourly getting into +ve area. As long as this set up carries on, no trouble for bulls.A December month close & a year close tomorrow.







(vijaysinh solanki)

yes market still in a triangle,the triangle is as per our last weeks assumption the symmetrical triangle.so our guessing that this triangle will turn out as symmetrical triangle prove right.now wait for this triangle complete properly with inside wave count.triangle is difficult to trade with common technical techniques

but not for Elliot wave users and our swing trading users.they can make good enough profit.,in triangle also.

newsletter

(Astro Technicals)

Nifty - 2922.20 (+64.95)
Sensex - 9533.52 (+204.60)

Short Term Turning Dates (+/- 1 Day)* -
(* Effect can start few hours to 1 day earlier)

Dec 29th (** Downward Jerk Later in day which may extend to Tuesday - Signal Strength Medium **)
Dec 31st (** Volatile Movement, likely to be higher initially - Signal Strength Medium **)
Jan 02nd (** 2 way Movement, 2nd part may show recovery - Signal Strength Medium **)

Technical Outlook (30th December 2008)

As already mentioned yesterday "Nifty has achieved the bearish target of 2850 given a couple of days back & now it is ripe for recovery to 2895 & 2980 with strong resistance at 2925. On the bearish side, another close below 2900 can target 2700 in near future." Nifty opened on a bearish note on negative cues from global market & continued to trade in negative territory till 11:30 am. However, institutional buying initiated the technical recovery & in the process Nifty touched the target of 2895 & it is heading towards the target of 2980 which was given a couple of days back. But at the same time, Nifty may face resistance at current levels & drift downward for corrective decline to 2875 & below.

As far as, EST charts are concerned, Nifty is slightly overbought in intra day charts & ripe for corrective decline to 2875 & on the other hand, successive close above 2930 may initiate further recovery to 2980 & 3050 in next 2-4 days. But it must be kept in mind that many index heavy weight stocks have already given bearish breakout in short term charts & targets of which are not achieved. Therefore, any technical recovery towards 2980 or 3050 may be used for short term profit booking to re-enter at later stage.

Sector wise, select auto, IT, oil exploration, infrastructure, pharma, banking, IT education, power stocks attracted buying at lower levels which lifted Nifty from 2812 to 2931 (rise of more than 120 points in last few hours). On the other hand, select auto, sugar, telecom, shipping, infra were among the losers during the day. As far as A/D data is concerned it was in favor of bulls in the ratio of 7:5 with 496 declines & 681 advances during the day.

In nutshell, Nifty bounced back on expected lines to touch the first target of 2895 & headed towards second target of 2980 with EST resistance at 2925-2930. Now charts are in favor of further recovery to 2980+ but in the meanwhile, minor corrective decline to 2875 is not ruled out. Failure to close above 2930 will invite another round of profit booking towards 2700 in next few days. The best strategy should be to buy lightly if moves/stays above 2930 for quick gain of 50-100 points or use higher levels to book profit to re-enter after 10-15 days.

Astrological Outlook for the Week (29th December 2008 - 02nd January 2009)

Indian Stock Market - Very Volatile Week with Sharp swings till 01st Jan.

Current Planetary Position - Astrologically, in Transit, both Sun and Mars are placed in Sagittarius along with Pluto. Neecha (Debilitated) Jupiter continues to be stationed in Capricorn along with Rahu, Neptune, Mercury (entered on 28th) and Moon. Venus would move to Aquarius on 29th where Uranus is already positioned. Saturn is stationed in Leo. Ketu is placed in Cancer. Moon will Transit through Capricorn, Aquarius and Pisces during this week. Important to note that Mercury entered Capricorn on 28th December and Venus entered Aquarius on 29th December and Saturn will get retrograde on 31st December 2008.

Coming to few aspects in transit and with Natal Charts of NSE & BSE - In Transit Mars will conjunct Pluto on 29th December which can cause sudden fall and rise later. Mercury will conjunct Jupiter on 31st December which is very bullish and capable of making a rise of more than 2%. Saturn will turn retrograde on 31st December which will cause volatility in terms of fall first and sudden up move later. Transit Venus will have sextile aspect with Pluto on 05th January 2009 which can cause fall of 2% or more after 05th.

Moon's transit through Capricorn and Aquarius will cause lot of volatility and Moon's entry to Pisces is generally bearish. But Moon's effect are not to be seen in isolation but in totality with Bullish and Bearish aspects of other planets.

Expected Weekly Movement -In totality, keeping all the planetary configuration, bullish and bearish aspects in mind, it appears, that Market may give a Downward Jerk on Monday till early Tuesday but expected to bounce back soon and 31st December may be very volatile but mildly bullish. Sentiments may remain bullish till 02nd January.

Strict Caution is advised to all Traders and Investors that period from 29th December to 09th January which does not look favorable for World Financial Markets. Both Investors and Traders must stay Liquid and avoid trading in a big way which could result in losses. A Good Rally in Stock Market is possible after 09th January.

Despite volatility, Crude Oil likely to rise in January after initial decline. But Gold and Silver are expected to Decline in coming weeks. Indian Rupee will also be under pressure against US Dollar.

Astrologically there are "3 Turning Dates this week - All Medium". Most of the Indices like Nifty/ Nifty Future/Bank Nifty/Nifty MidCap/ CNXIT likely to give good downward Jerk on 29th, Volatile on 31st (Rise and fall) and rise on 02nd January .It must be kept in mind that lot of volatility is expected so trading/ investing in big way may be avoided.

Trading Strategy - Keeping in mind the different Astrological Turning Dates during the week, For conservative Traders "Selective Short Selling on Monday (29th) to Book Profit on Monday or early Tuesday. Select Buying on Tuesday (30th) to Book Profit on Wednesday (31st) and again select buying on Thursday (01st) to Book profit on Friday (02nd January) likely to give good returns during the week as far as Nifty Futures, Nifty, Nifty-Madcap and Sensex are concerned. (IMPORTANT- - As already stated many time, Astrological Effects can start few hours to 1 Day earlier then expected so take anticipated market movement as a Guidance only not for over-trading or building large positions on sides of expected trends).

Important Dates

29th December (+/- 1 Day)**
31st December (+/- 1 Day)**
02nd January (+/- 1 Day)**

Crude Oil / Gold / Silver/ Copper

As already mentioned that Crude Oil is preparing for Multi-week Rally which can take it to US$65 - US$85 in coming months. On down side, it has strong support @US$36-US$40. Oil is likely to rise after 25th December till 01st Week of January 2009. Gold, is heading for decline in next 3 weeks despite volatility and initial rise till 01st Week of January. Silver is also showing weakness between 01st January to 14th January. Long positions may be avoided after 01st January for next 2-3 weeks.

US Dollar/ Indian Rupee ( USDINR)

Astrologically, Indian Rupee is expected to remain WEAK against US Dollar for next few days before bouncing back.

US Markets
Astrologically, US Markets may be slightly positive in next week but sharp swings are likely to shake the market on down side till 07th/ 08th January 2009.

Technical Stock Recommendations (Short Term)


Indiabulls(143.15)
Stock has risen sharply from 90 to 147 in last 20-25 days putting EST momentum indicators in overbought zone with negative divergences which can bring down the prices to 130 & below in coming days. Part profit booking/short selling may be considered on technical recovery till 148-150 using SL of Rs.6/- & target of 125-130 which may be achieved soon.

IVRCL Infra(140.05)
Stock has been moving in a "Rising Channel" pattern as well as it has formed a "Descending Triangle" pattern with support at 135, breakout from where may target 115-117 in coming days. Part profit booking/short selling may be considered once the stock moves/closes below 135 using SL of Rs.5/- & target of 115-117 which may be achieved soon.

Ranbaxy Labs.(234)
Stock, after moving in a consolidation pattern as well as "Complex Inverted Head & Shoulder" pattern has given bullish breakout with good volumes which can take the prices to 255+ in coming weeks. Fresh buying may be considered on declines till 225 using SL of Rs.10/- & target of 245-255 which is likely to be achieved in few sessions.

HDIL(129.35)
Stock has declined sharply from 180 to 120 in last 6 days putting EST momentum indicators in oversold zone with positive divergences which can initiate technical recovery to 138 & 148 in next few sessions. Fresh buying may be considered if the stock moves/stays above 130 using SL of Rs.5/- & target of 138 & 148.

Aban Off Shore(666.6)
Stock has declined sharply from 835 to 638 in last 8 days putting EST momentum indicators in oversold zone with positive divergences which can initiate technical recovery to 725-730 in next few sessions. Fresh buying may be considered if the stock moves/stays above 675 using SL of Rs.15/- & target of 725-730.

(Rajandran)

Nifty CMP : 2922

Charts Shows the Fibonnaci Resistance levels drawn between the recent high 3110 and the

recent low of 2813. And Here are the Fibonacci levels.

38.2% Retracement- 2928

50% Retracement - 2963

61% Retracement - 2998

Nifty future has resistance of 2971 zone.Close above 2971 will give 3025-3046 on nifty.

______________________________________________________________

Ranbaxy stoploss hit .

Please exit.

______________________________________________________________

Sell Sell Sell

Sell 10-100-1000 lots of Federal Bank futures today in opening around158-160 range.

Stoploss 162 on closing basis.

Target 5-7% downside(153-149)

Book whenver in profit,do not wait for all targets to hit.

admin

Sell SATYAMCOMP TGT: 142,138 SL: 149,

Sell HDFCBANK TGT: 1015, 1008 SL: 1030

Buy DLF TGT: 284,288 SL: 276.5

Sell HDIL TGT: 124,120 SL: 128

Buy SATYAMCOMP TGT: 155,159 SL: 148

Buy Niftyfutures Target: 2965, 2980 SL: 2935,

Sell Nifty futures Target: 2965, 2955 SL: 3000.

Sell Niftyfutures Target: 2910, 2890 SL: 2940

S S Cheema

I am on leave in Chandigarh and with four kids running around the house and the Xbox – there is really no time for updating the blog but all the same it has become a habit for me so here I go – up and awake after a late session of Halo3. Why do I call the trading yesterday as inconsequential? because the holiday mood extends and the volumes were fairly thin but the flow of the news regarding the Stimulus package and the rate cut by the banks gave it the push it required for a recovery from the otherwise weak market that was slipping red. See the markets as of yesterday? The markets opened below the Pivot and was testing the Support at 2814 – then as it decided that enough is enough – it broke past the Pivot to go up to the R1 and ended below that. I sometimes wonder how these levels play such an important role at all. One more thing before I go ahead – the charts and markings are by me and they give a rough idea about the session – please do not take them to be too accurate as the lines are placed by me manually.

The behaviour of entire Asia was somewhat on the same lines – open weak and then went green. Nikkei closed up 0.09%, Hang Seng up 1.02% and Strait Times up 3.18%. Europe was better than Asia FTSE opened green closed green +2.44%, DAX up 1.63% and CAC up 0.47%. US was weak – actually US will remain weak for some time to come now and no amount of news can contribute in any sense to being good. DOW was down 0.37%, Nasdaq down 1.3% and S&P was down 0.39%. Inspite of all the negativities' the Asia today morning has opened green and climbed to better levels. Nikkei is up 1.28% as of now, Hang Seng is up 0.6% and Strait Times too seem to have made an attempt to go green but remains 0.43% in red.

On the candles yesterday the candle was nice white one but unfortunately could not close above the 20 EMA, The markets trail the mid of Bollinger Bands and the bands remain of somewhat the same width only. The volumes were low and low participation shows. RSI is facing up again but to call it bullish – not yet. Slow Stochastic – both the red and green lines are in the oversold territory and a small bounce back with the help of the was due and may happen again. TRIX has changed its attitude and may change its view to bearish. MACD positive divergence has almost disappeared – but still is alive.

Pivot data… Notice the pivot at the same place as before.
R3 3050 against 3076 Yesterday
R2 3007
R1 2964
Pivot 2888 against 29887 yesterday
S1 2845
S2 2769
S3 2726 against 2698 Yesterday
Projected High Range 2926 to 2986
Projected Low Range 2876 to 2816
Fib Projected High 2963
Fib Projected Low 2779

Best of luck to everyone who is in the markets today – I am out….

(Inder Bhatia)

The Indian market opened on weak note and saw smart pullback in afternoon session and close in green zone . For coming session if nifty trade above 2943 it can test 2985 -3010 zone on the lower side 2830 will act as support zone.

(Rajandran)

Nifty Hourly charts shows resistance at 2940-2960

rupeshydalal

NIFTY FUTURE

ABOVE 2976 TARGET 3005-3050-3082
BELOW 2913 TARGET 2870-2850-2817 -Always Remember, put SL in your every trade.

Buy INFOSYS above 1126 SL 1108 Target 1144-1162
Buy NTPC above 179 SL 176 Target 181-184
Buy PUNJLLOYD above 146 SL 142 Target 150-154
Buy RANBAXY above 237 SL 225 Target 248-253
Sell MARUTI below 495 SL 504 Target 488-479
Sell TATACOMM below 493 SL 505 Target 486-478


Manas

2880 is the key today, longs above it, shorts below it.

we saw serious recovery yestrday, and closed well above 2842, so next positional shorts will be only once we close below 2842 levels.

also keep an eye on reliance, which i feel is showing some weakness for some time now on closing basis, i have a gut feeling that during the next fall, reliance ind is going to lead the fall.

if we open gap down, and hold 2880 levels, then go long above 2906 with SL 2880.a closing above 2906 today will mean nifty will tgt 2986-3015 levels.

if breaks 2880, i will try to short with SL above 2906 .

MY CHART

Nifty :: As per our yesterday post Mid term momentum up and that's why lots of buying seen at every decline.. Last candle made an Engulfing Bullish pattern..Now for 30th Dec put short term buying S.L at 2900.. Below 2900 two more strong support at down side 2860/2805.. up to 2900 our strategy for 30th Dec buy on deep sell at high...At higher side up to 2970 momentum up, above 2970 once again momentum turns strong.. Resistance for up move at 2960/2996/3020/3050/ 3088.. Supports at 2902/2860/2805...

______________________________

Nifty Close	2922
Trend	UP…( Buy )
Resistance	2966-3003
Support	2846-2777
Stop Loss	2888

Trading Zone 30-12-2008

________________________________

Scrip	Cmp	Trigger	Upper Target	Lower Target	Buy /Stop Loss
Reliance	1246	1228	1270-1292	NA	1237
SBI	1271	1251	1297-1322	NA	1265
ABAN	666	662	684-701	NA	660
RNRL	54	52	56-58	NA	52
Rel.Capital	539	527	557-574	498	534
TITAN	906	906	949-992	868	Break Out above 917
RPL	88	87	91-93	NA	87

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type ABGSHI NSE ABG Shipyard Ltd Head and Shoulders Bottom 107.70 138.00 - 145.00 Intermediate-Term Bullish BAYDIA BSE Siemens Medical Solutions Diagnostics Ltd Head and Shoulders Bottom 427.35 527.00 - 550.00 Intermediate-Term Bullish DINDYE BSE Bodal Chemicals Ltd Head and Shoulders Bottom 26.75 37.00 - 39.00 Intermediate-Term Bullish DWASUG BSE Dwarikesh Sugar Industries Ltd Head and Shoulders Bottom 38.05 50.00 - 53.00 Intermediate-Term Bullish ENTNET BSE Entertainment Network India Ltd Head and Shoulders Bottom 143.00 217.00 - 234.00 Intermediate-Term Bullish ILFINV BSE IL & FS Investsmart Ltd Head and Shoulders Bottom 77.60 101.00 - 108.00 Intermediate-Term Bullish KILIND BSE Kilpest India Ltd Head and Shoulders Bottom 12.46 15.10 - 15.80 Intermediate-Term Bullish KNRCON BSE KNR Constructions Ltd Head and Shoulders Bottom 40.30 46.00 - 47.50 Intermediate-Term Bullish MANHO BSE Manoj Housing Finance Company Head and Shoulders Bottom 6.39 8.10 - 8.50 Intermediate-Term Bullish SHRPAC BSE Shree Pacetronix Ltd Head and Shoulders Bottom 28.50 33.50 - 34.75 Intermediate-Term Bullish TRIELE BSE Trishakti Electronics & Indus. Ltd Head and Shoulders Bottom 17.20 20.40 - 21.20 Intermediate-Term Bullish WESHAT NSE Venky's (India) Ltd Head and Shoulders Bottom 71.00 95.00 - 100.00 Intermediate-Term Bullish

Alert Name: India, Bullish Alert Criteria: Stocks (Any Indian Exchange); Price at least 3.00; Volume at least 50,000; Classic Patterns; Bullish; Daily Events.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type ABGSHI NSE ABG Shipyard Ltd Head and Shoulders Bottom 107.70 138.00 - 145.00 Intermediate-Term Bullish JBCHEM NSE JB Chemicals & Pharmaceuticals Ltd Bottom Triangle 41.00 55.00 - 58.00 Intermediate-Term Bullish PRAIN BSE Praj Industries Ltd Flag (Bullish) 61.90 74.00 - 77.00 Short-Term Bullish PRAIN NSE Praj Industries Ltd Flag (Bullish) 62.20 75.00 - 78.00 Short-Term Bullish RANLAB BSE Ranbaxy Laboratories Ltd Bottom Triangle 232.20 289.00 - 304.00 Intermediate-Term Bullish

Alert Name: India, Bearish Alert Criteria: Stocks (Any Indian Exchange); Price at least 5.00; Volume at least 50,000; Classic Patterns; Bearish; Daily Events.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type GAMIND NSE Gammon India Ltd Continuation Wedge (Bearish) 73.10 37.00 - 44.00 Intermediate-Term Bearish GREOFF NSE Great Offshore Ltd Descending Continuation Triangle 207.20 117.00 - 134.00 Intermediate-Term Bearish IBSECU NSE Indiabulls Securities Ltd. Continuation Wedge (Bearish) 21.35 15.75 - 16.75 Intermediate-Term Bearish PANBIO NSE Panacea Biotec Ltd Descending Continuation Triangle 129.65 101.00 - 106.00 Intermediate-Term Bearish TATPOW NSE Tata Power Co Ltd Symmetrical Continuation Triangle (Bearish) 727.00 563.00 - 593.00 Intermediate-Term Bearish TVSSUZ BSE TVS Motor Co Ltd Descending Continuation Triangle 21.65 5.00 - 8.00 Long-Term Bearish

Alert Name: Any Short Term Pattern Alert Criteria: Stocks (Any Indian Exchange); Price 5.00 to 300.00; Volume between 50,000 and 10,000,000; Short-term Patterns; Any Opportunity Type (Bullish, Bearish or Other); Daily Events.

Following are the first 50 matching Technical Event® opportunities out of 86. Please consider refining your alert criteria.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type AKHTEX NSE Core Projects & Technologies Ltd Outside Bar (Bullish) 46.80 n/a Short-Term Bullish ANSPRO NSE Ansal Properties & Infrastructure Ltd Engulfing Line (Bullish) 32.30 n/a Short-Term Bullish APOTYR BSE Apollo Tyres Ltd Hammer 18.75 n/a Short-Term Bullish BALDIS BSE Balaji Distilleries Ltd Engulfing Line (Bullish) 28.95 n/a Short-Term Bullish BINCEM NSE Binani Cement Ltd Outside Bar (Bullish) 32.50 n/a Short-Term Bullish CORFER NSE Coromandel Fertilizers Ltd Inside Bar (Bullish) 91.00 n/a Short-Term Bullish DECCHR NSE Deccan Chronicle Holdings Ltd Hammer 44.25 n/a Short-Term Bullish ESSOIL NSE Essar Oil Ltd Engulfing Line (Bullish) 90.00 n/a Short-Term Bullish EXIIND NSE Exide Industries Ltd Engulfing Line (Bullish) 48.00 n/a Short-Term Bullish GATDIS NSE Gateway Distriparks Ltd Engulfing Line (Bullish) 88.00 n/a Short-Term Bullish GATDIS NSE Gateway Distriparks Ltd Outside Bar (Bullish) 88.00 n/a Short-Term Bullish GATDIS NSE Gateway Distriparks Ltd Two Bar Reversal (Bullish) 88.00 n/a Short-Term Bullish GTLINF NSE GTL Infrastructure Ltd Engulfing Line (Bullish) 29.55 n/a Short-Term Bullish GUJMI NSE Gujarat Mineral Development Corporation Ltd Engulfing Line (Bullish) 42.10 n/a Short-Term Bullish HIMCHE NSE Himadri Chemicals & Industries Ltd Gap Down 109.15 n/a Other HOTLEE NSE Hotel Leela Venture Ltd Inside Bar (Bullish) 18.25 n/a Short-Term Bullish IDBI BSE Industrial Development Bank of India Engulfing Line (Bullish) 67.35 n/a Short-Term Bullish IDBI NSE Industrial Development Bank of India Engulfing Line (Bullish) 67.40 n/a Short-Term Bullish IDECEL NSE IDEA Cellular Ltd Engulfing Line (Bullish) 50.00 n/a Short-Term Bullish IDFC BSE Infrastructure Development Finance Co Ltd Engulfing Line (Bullish) 66.75 n/a Short-Term Bullish INDBA NSE Indusind Bank Ltd Hammer 36.75 n/a Short-Term Bullish INDCEM NSE India Cement Ltd Engulfing Line (Bullish) 98.10 n/a Short-Term Bullish INDHOT NSE Indian Hotels Co Ltd Hammer 43.65 n/a Short-Term Bullish INDIBA NSE Indian Bank Ltd Engulfing Line (Bullish) 129.70 n/a Short-Term Bullish INDINF BSE India Infoline Ltd Engulfing Line (Bullish) 46.50 n/a Short-Term Bullish INDINF NSE India Infoline Ltd Engulfing Line (Bullish) 47.50 n/a Short-Term Bullish JAIASS BSE Jaiprakash Associates Ltd Engulfing Line (Bullish) 79.00 n/a Short-Term Bullish JMSHAR NSE JM Financial Ltd Gap Down 26.00 n/a Other KSOIL NSE KS Oils Ltd Inside Bar (Bearish) 52.15 n/a Short-Term Bearish MOSBAE NSE Moser Baer India Ltd Engulfing Line (Bullish) 64.30 n/a Short-Term Bullish MTNL NSE Mahanagar Telephone Nigam Ltd Hammer 78.55 n/a Short-Term Bullish NEYLIG NSE Neyveli Lignite Corp Ltd Engulfing Line (Bullish) 65.30 n/a Short-Term Bullish NTPC NSE NTPC Ltd Hammer 177.75 n/a Short-Term Bullish OPTCIR NSE Opto Circuits (India) Ltd Inside Bar (Bullish) 90.60 n/a Short-Term Bullish OSWCHE NSE Oswal Chemicals & Fertilisers Ltd Engulfing Line (Bullish) 14.10 n/a Short-Term Bullish POWFIN BSE Power Finance Corp Ltd Inside Bar (Bullish) 129.35 n/a Short-Term Bullish POWFIN NSE Power Finance Corp Ltd Inside Bar (Bullish) 129.45 n/a Short-Term Bullish PUNLLO BSE Punj Lloyd Ltd Hammer 144.55 n/a Short-Term Bullish PUNLLO NSE Punj Lloyd Ltd Hammer 144.95 n/a Short-Term Bullish PYRSAI NSE Pyramid Saimira Theatre Ltd Gap Down 44.60 n/a Other RANLAB BSE Ranbaxy Laboratories Ltd Engulfing Line (Bullish) 232.20 n/a Short-Term Bullish RELCOM NSE Reliance Communications Ltd Engulfing Line (Bullish) 212.65 n/a Short-Term Bullish SAIL BSE Steel Authority of India Ltd Outside Bar (Bullish) 77.75 n/a Short-Term Bullish SAIL BSE Steel Authority of India Ltd Two Bar Reversal (Bullish) 77.75 n/a Short-Term Bullish SCI NSE Shipping Corporation of India Ltd Hammer 74.65 n/a Short-Term Bullish SININD NSE Sintex Industries Ltd Hanging Man 192.75 n/a Short-Term Bearish TASPHA BSE Marksans Pharma Ltd Hammer 7.40 n/a Short-Term Bullish TATCHE NSE Tata Chemicals Ltd Engulfing Line (Bullish) 160.50 n/a Short-Term Bullish UCOBAN NSE UCO Bank Engulfing Line (Bullish) 26.95 n/a Short-Term Bullish VIJLAK BSE Veejay Lakshmi Engineering Works Ltd Inverted Hammer 22.85 n/a Short-Term Bullish