Tuesday, September 2, 2008

UPDATED NEWSLETTER 02.09.09

CMP : Rs 560
Targets : Rs 600 and 640 and above 640 its can try testing 900 levels
Weekly Resistance : Near Rs 603
Positive Tehnical Signals:
1)High Stock Volumes with 14% upmove
2)Can try Buying in Dips too
3)MACD Crossover
4)Raising Stocastics

Nifty CMP : 4348
Bullish Inside Bar Pattern Formed. Nifty May try testing 4400-4438 levels.Also US market
closed on Labor Day. Uncle John is absent. Ask a student how he will feel in the absense
of his teacher or Ask a Worker how he feel if his boss is absent Crude currenlty trading
below $112/Barrel. Reliance Today Positive and Cairn in Negative once again.

Nifty (4349) Sup 4300 Res 4420

Buy Punj Lloyd (310)
SL 305 Target 320, 322

Buy Axis Bank (723)
SL 717 Target 735, 738

Buy UTV Software (798)
SL 790 Target 815, 820

Sell Tata Power (1040)
SL 1055 Target 1010, 1000

Sell Cipla (238)
SL 242 Target 230, 228

Buy Mundra Port - Target 627 - Within One Month
Buy Aurobindo Pharma - Target 340 - Within One Month


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