NEWSLETTER

ABAN : (418.40)

Buy Above 420 target 1-428, target 2-445, stop loss 415
Sell Below 415 target 1-406, target 2-397, target 3-382, stop loss 420

ADLABS FILM : (188.90)

Buy Above 196 target 1-206, target 2-214, stop loss 184
Sell Below 184 target 1-178, target 2-166, stop loss 196

AXIS BANK : (435.25)

Buy Above 445 target 1-458, target 2-486, stop loss 440
Sell Below 440 target 1-418, target 2-404, target 3-376, stop loss 445

BAJAJ HIND : (55.35)

Buy Above 57 target 1-60, target 2-68, stop loss 53
Sell Below 54 target 1-52, target 2-49, stop loss 57

BEML : (436.70)

Buy Above 437 target 1-453, target 2-471, stop loss 424
Sell Below 424 target 1-404, target 2-395, stop loss 437

BHARTIARTL : (659.75)

Buy Above 660 target 1-673, target 2-680, stop loss 655
Sell Below 655 target 1-644, target 2-626, stop loss 660

BHEL : (1531.20)

Buy Above 1545 target 1-1576, target 2-1635, stop loss 1530
Sell Below 1530 target 1-1489, target 2-1460, stop loss 1545

BRFL : (154.40)

Buy Above 157 target 1-161, target 2-170, stop loss 154
Sell Below 154 target 1-149, target 2-142, stop loss 157

CUMMINSIND : (182.50)

Buy Above 186 target 1-192, target 2-201, target 3-220, stop loss 176
Sell Below 176 target 1-170, target 2-165, stop loss 186

DLF : (209.35)

Buy Above 215 target 1-223, target 2-231, stop loss 210
Sell Below 210 target 1-201, target 2-187, stop loss 215

EDUCOMP : (2398)

Buy Above 2415 target 1-2440, target 2-2480, stop loss 2395
Sell Below 2395 target 1-2363, target 2-2328, target 3-2256, stop loss 2415

GRASIM : (1567.45)

Buy Above 1575 target 1-1616, stop loss 1560
Sell Below 1560 target 1-1530, target 2-1495, stop loss 1575

HDFC BANK : (1064.15)

Buy Above 1062 target 1-1080, target 2-1095, stop loss 1050
Sell Below 1055 target 1-1044, target 2-1025, stop loss 1062

ICICI BANK : (374.80)

Buy Above 374 target 1-383, target 2-390, stop loss 370
Sell Below 370 target 1-364, target 2-354, target 3-342, stop loss 374

INFOSYSTCH : (1414.05)

Buy Above 1425 target 1-1461, target 2-1508, stop loss 1410
Sell Below 1410 target 1-1361, target 2-1325, stop loss 1425

JINDAL STEEL : (1280.85)

Buy Above 1275 target 1-1316, target 2-1351, stop loss 1260
Sell Below 1260 target 1-1237, target 2-1195, target 2-1165, stop loss 1275

JSW STEEL : (311.15)

Buy Above 322 target 1-338, target 2-365, stop loss 310
Sell Below 310 target 1-295, target 2-283, target 3-236, stop loss 322

LIC HSG FIN : (249.60)

Buy Above 247 target 1-255, target 2-262, stop loss 243
Sell Below 243 target 1-240, target 2-233, stop loss 247

L&T : (770.30)

Buy Above 770 target 1-790, target 2-809, stop loss 757
Sell Below 757 target 1-738, target 2-692, stop loss 770

MCDOWELL-N : (664.35)

Buy above 677 target 1-696, target 2-705, stop loss 665
Sell Below 670 target 1-659, target 2-630, stop loss 677

MUNDRAPORT : (385.15)

Buy Above 380 target 1-403, target 2-417, stop loss 370
Sell Below 370 target 1-360, target 2-333, stop loss 380

ONGC : (886.80)

Buy Above 893 target 1-903, target 2-910, stop loss 885
Sell Below 885 target 1-869, target 2-843, stop loss 893

PUNJLLOYD : (106.70)

Buy Above 109 target 1-113, target 2-121, stop loss 102
Sell Below 100 target 1-96, target 2-87, stop loss 109

RCOM : (218.25)

Buy Above 215 target 1-223, stop loss 210
Sell Below 210 target 1-203, target 2-188, stop loss 215

RELCAPITAL : (429.10)

Buy Above 425 target 1-441, target 2-461, stop loss 412
Sell Below 412 target 1-396, target 2-382, stop loss 425

RELIANCE : (1671.60)

Buy Above 1688 target 1-1728, target 2-1784, stop loss 1670
Sell Below 1670 target 1-1630, target 2-1599, stop loss 1688

RELINFRA : (612.50)

Buy Above 600 target 1-629, stop loss 593
Sell Below 593 target 1-573, target 2-547, stop loss 600

SBI : (1124.75)

Buy Above 1145 target 1-1177, target 2-1206, stop loss 1124
Sell Below 1124 target 1-1090, target 2-1056, stop loss 1145

SCI : (82.45)

Buy Above 82 target 1-86, target 2-90, stop loss 78

STERLITE : (386.40)

Buy Above 384 target 1-395, stop loss 380
Sell Below 380 target 1-375, target 2-355, stop loss 384

(Azad)

Sensex : (10534.87) Today Sensex face resistance at 10678, if cross 10678 then goes up to 10821 and 10964. Sensex find support at 10370, if 10370 break then fall up to 10205 and 10062.

Nifty : (3256.60) Today Nifty face resistance at 3305, if cross 3305 then goes up to 3353 and 3400. Nifty find support at 3210, if 3210 break then fall up to 3163 and 3115.

Nifty April Futures closed at 3260.25 (Rs 3.65 Premium) (As on 6th April 2009) with a turnover of Rs 9571.68 crores, sheds 409150 shares (-1.06%) in open interest bringing down the open interest to 38172950 shares.



(Inder Bhatia)

The Indian market opened gap-up but traded in narrow range and close n positive note .For coming session trading below 3230 it will test 3210-3195 and trading above 3283 it can test 3301-3321 zone .Market are trading in overbought zone profit booking can seen at higher levels

(EMA)

Hi friends thanks for your Feedback.Most of the people they said they had a good profit on March, same we are going to do in this month also.
for coming week my view is if 3223 breaks v can c 3173, 3130, 3095
if 3305 breaks 3355,3403,3445

(raman)

SHORT SELL Cairn India Stop Loss 214 Target 180

SHORT SELL Axis Bank Stop Loss 458 Target 410

SHORT SELL Suzlon Energy Stop Loss 62 Target 42

SHORT SELL Reliance Communications Stop Loss 231 Target 185


Asian Markets
Asian Markets are trading lower following cues from U.S. markets led by banking,Mining shares and ahead of the upcoming earnings season in the U.S.

Nikkei Stock Average 225 was down 1.44 pct to 8,705.33 .
Hang Seng Index was down 0.46 pct to 14,929.00.
KOSPI Index down 1.42 at 1,281.68.
Shanghai Composite Index was down 0.32 to 2,431.44.

U.S. Markets
On Wall Street, stocks declined over 2 percent as earning season starts.The Dow Jones industrial average lost 186.29, 2.34 percent, to 7789.56.The Standard & Poor's 500 index lost 19.93, 2.39 percent, to 815.55. The Nasdaq composite index lost 45.10, 2.81 percent, to 1561.61.

MY CHART

Nifty :: We clearly indicate avoid buying at high in our Monday post.. As we say all indicator losses there up swing momentum and required correction or side way momentum near our first Elliott wave target..Nifty straggling near strong channel resistance and move down from high in Monday trade.. Now for 8^th April watch 3250 above 3250 momentum seems up, below 3250 momentum turn down.. In down swing closely watch 3120/3092 and 3050.. As far as stay above 3050 mid term momentum up.. But avoid buying without any conformation.. Our strategy for 8^th Resistance for up move at 3300/3316/3361/3380/3396.. Supports at 3173/3150/3133/3120/3092/3050/3037.. April sell at high (S.L 3316) buy on deep (S.L 3173)..

SVShah)

NIFTY (3256.9) : Markets Looks Slightly Bearish,With A Fall Of 100-150 Points From The Current Levels

Resistance : 3295 / 3320 / 3360

Support : 3210 / 3165 / 3115

SENSEX

Resistance : 10655 / 10780

Support : 10410 / 10290

NIFTY Fut (3260) : NIFTY Below 3220,Can Test 3100 Levels

Resistance : 3300 / 3345

Support : 3220 / 3185

On Wednesday,Opening is Flat to Down,

Stay Long Above 3260,Sl Below 3245,Tgt 3285-3300-3320-3350-3365,

Sustain Below 3245,Sell with Sl Above 3260,Tgt 3225-3210-3180-3160-3085

Markets Comments :

NIFTY FUT OI down 1.06% with 15% decreasing volumes indicating unwinding of longs at higher levels and forming of short positions for STBT.

We expect NIFTY FUT to trade volatile with possibility of profit booking on every rise.

STOCKS VIEW: BANKING STOCKS WILL NOW BE THE HARDEST HIT IN THE NEXT FALL, STAY AWAY OR SHORT THEM

Sell SBIN (1125),Sl Above 1145,Tgt 1100/1090/1080+

Sell BANKINDIA Below 230,Tgt 220/15/10/05,Sl 235

Sell BIOCON Below 150,Tgt 145/40/30/25,Sl 160

Sell CMC Below 360,Tgt 355/45/35/25,Sl 370

Sell JPASSO Below 100,Tgt 95/90/85/80,Sl 105

Buy BOMBAYDYIENG Above 180,Tgt 190/95/200,Sl 175

Buy MARUTI Above 800,Tgt 810/20/30/40,Sl 790

Buy TATASTEEL Above 235,Tgt 240/45/50/55/60,Sl 230

Buy TCS Above 595

ACCUMULATE JP HYDRO & SCI

APRIL FUTURES

Buy ISPATIND(12.85),Tgt 13.4/13.9/14.7,Sl 12.2

Buy WELGUJ@ 84.5/83.5,Tgt 85/85.4/86.2/87.1/87.9/88.6/89.5/90.4,Sl 79 (Lot Size : 3200)

Sell HINDPETRO@ 262/61,Tgt 260/59/57/55/53/50/47/45/42,Sl 264 (Lot Size : 1300)

GOLD OUTLOOK : We May See Some Bounce Back In GOLD.Try To Buy At 14150/175/200 Levels.

(NOORESH)

Sensex Technical View :

Sensex finally slows down in the upmove and good it has as the markets have moved up considerably in the short term and needs a breather.

The near most gap around 9921-10107 should ideally get filled or support around 10100 levels in coming days.

Support level to watch for short term is 9520-9540 which was the recent low.

Continue to wait and watch on the index and look for stock specific moves.

Bank Nifty View and Chart posted.

Stocks to watchout for :

GE shipping does tgt 205. SCI slow but positive.Mcdowells hits stoploss. Continue to remain bullish on welspun,zee and ks oils as surprise performers.

Expect selling pressure in Banks mainly Axis ICICI and SBI as all of them have come to channel resistances just like Bank Nifty. Short traders can take a bet with a stop of mondays high price or according to intra movements or take puts.

IDEA

The stock continues to stay strong around the 49-53 zone but has not seen some buying emerge to take it higher. Watch for higher volumes and momentum above 54 levels for a quick trade to 58+.

Glenmark

The stock has given a breakout and can be a good trading bet on dips to 170 or lower.

Rest we would prefer to wait and watch as its a vacation week with 2 holidays and another in next week.