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.