NEWSLETTER

WOCKHARD CAN BE BOUGHT WITH THE SL OF 88 FOR THE TARGET OF 120.

PARSVANATH CAN BE BOUGHT ABOVE 56 WITH THE SL OF 51 FOR THE TARGET OF 73-99.

IDEA CAN BE BOUGHT ABOVE 57 WITH THE SL OF 55 FOR THE TARGET OF 74.

HCC CAN BE BOUGHT ABOVE 61 WITH THE SL OF 55 FOR THE TARGET OF 82.

ARVIND MILLS CAN BE BOUGHT WITH THE SL OF 18 FOR THE TARGET OF 29.

RELIANCE : (1716.95)

Buy Above 1736 target 1-1765, target 2-1812, stop loss 1710
Sell Below 1710 target 1-1695, target 2-1654, target 3-1600, stop loss 1736

REL CAPITAL : (523.55)

Buy Above 537 target 1-555, target 2-586, stop loss 520
Sell Below 520 target 1-502, target 2-483, target 3-461, stop loss 537

REL INFRA : (658.55)

Buy Above 670 target 1-689, target 2-711, stop loss 655
Sell Below 655 target 1-629, target 2-615, stop loss 670

ABAN : (475.55)

Buy Above 483 target 1-500, target 2-525, stop loss 470
Sell Below 470 target 1-457, target 2-445, stop loss 483

AXIS BANK : (503.25)

Buy Above 500 target 1-520, target 2-536, stop loss 490
Sell Below 490 target 1-471, target 2-455, target 3-444, stop loss 500

BEML : (474.20)

Buy Above 476 target 1-483, target 2-491, target 3-513, stop loss 465

BHEL : (1656.30)

Buy Above 1657 target 1-1681, target 2-1706, stop loss 1630
Sell Below 1630 target 1-1605, target 2-1557, stop loss 1657

EDUCOMP : (2183.15)

Buy Above 2220 target 1-2253, target 2-2273, stop loss 2180
Sell Below 2180 target 1-2135, target 2-2075, stop loss 2220

ICICI BANK : (440.85)

Buy Above 445 target 1-455, target 2-470, stop loss 428
Sell Below 428 target 1-414, target 2-398, stop loss 445

MCDOWELL : (727.95)

Buy Above 736 target 1-755, target 2-780, stop loss 703

NALCO : (232.95)

Buy Above 239 target 1-245, target 2-266, stop loss 228

ONGC : (864.25)

Buy Above 868 target 1-885, target 2-903, stop loss 842

TATA STEEL : (258.20)

Buy Above 267 target 1-284, target 300, stop loss 248

HAVELLS : (159.30)

Buy Above 162 target 1-166, target 2-178, stop loss 153

ZENSER TECH : (95.35)

Buy Above 95 target 1-99, target 2-105, stop loss 87
Sensex : (11023.09) Today Sensex face resistance at 11103, if cross 11103 then goes up to 11260 and 11498. Sensex find support at 10865, if 10865 break then fall up to 10708 and 10470.

Nifty : (3384.40) Today Nifty face resistance at 3412, if cross 3412 then goes up to 3464 and 3544. Nifty find support at 3360, if 3360 break then fall up to 3278 and 3234.

Nifty April Futures (As on 17th April 2009) closed at 3381.30 (Rs 3.10 Discount) with a turnover of Rs 17909.71 crores,sheds 1449150 shares (-3.42%) in open interest bringing down the open interest to 40943150 shares .

(Inder Bhatia)

BUYHEROHONDA ABOVE 1110 TGT 1137>1150 STOPLOSS 1092

SELL TATASTEEL BELOW 256 TGT 246>237 STOPLOSS 263

BUYPOWER FIN CORP ABOVE 155 TGT 158>166STOPLOSS 151

(Inder Bhatia)

Nifty weekly chart facing strong resistances from major downward sloping trend line from top strong Support around 3240-3173 zones

Niftydaily Last week market extended the gains by 1.3% in nifty for the six consecutive week. Last week we had seen bulls and bears are fighting near 200SMA bulls are struggling to get through the 200Day SMA as we can see it will provide resistances zone .On daily chart market are in over bought zones rsi is indicating for profit booking or mild correction .Nifty had made dark cloud pattern on Thursday and shooting star on Friday it indicating for correction in coming weeks. For coming week closing below 3402levels it will move lower side 3293 -3250zones on upside trading above 3523 it will touch 3583-3623zones .

Nifty Weekly invert chart for clear direction breaking above 3580 next target 3783 zones

Nifty Vix heading for 53 .....

NiftyHourly The Indian market opened on higher note and traded higher as day progress but saw profit booking at higher level at last trading hour and close with marginally up.For coming session if nifty trade below 3353 it will touch 3283 -3250 zone as shown on chart .On hourly chart nifty had form “M” formation cracking below 3353 it will valid pattern and trading above 3437 it will try to move side around 3473-3500 zones.




OK for coming week the NIFTY weekly CANDLE chart says its an SHOOTING STAR BEARISH.That means the bull run is going to stop for a while, one thing you have in your mind is technical some times fails, if 3515 breaks on coming days v can c 3600 .Other wise our trading on BEAR Side if 3300 breaks.

You can c the NIFTY SHOOTING STAR BEARISH effect in the past trend,so we can c the same now also

raman)

BUY Indiabulls Real Estate Stop Loss 122 Target 141

BUY Reliance Power Stop Loss 106 Target 136

BUY HDIL Stop Loss 115 Target 147

BUY Punj Lloyd Stop Loss 105 Target 143


Asian Markets
Asian Markets are trading flat with a negative bais.

Nikkei Stock Average 225 was down 0.96 pct to 8,822.29.
Hang Seng Index was down 0.53 pct to 15,519.30.
KOSPI Index down 1.02 pct at 1,315.51.
Shanghai Composite Index was up 0.81 pct to 2,524.15.

U.S. Markets
On Wall Street,Stocks closed higher despite some selling in the final half hour of trading.The Dow Jones industrial average gained 5.90, 0.07 percent, to 8,131.33.The Standard & Poor's 500 index gained 4.30, 0.50 percent, to 869.60. The Nasdaq composite index was up 2.63, 0.16 percent, to 1,673.07.

Santy

Today market did find support at 3400 and went high at 3480 in first two hours meeting intra-day buy order and target. However, it could not sustain and fall near the day low closing at 3384. Past three day’s daily candlestick pattern suggesting indecisiveness in bulls and bears. Nearest support is seen at 3317 and resistance at 3505. As long as nifty stays above support level ( 3317), then it is safe to go long in dips. But if nifty breaks below 3315, then it could see 3276 ( 23% fibonacci of AB wave), 3150 ( 38% fibonacci ) and 3050 ( 50% fibonacci ) levels. However to upside, if US major indices rise on Monday and Tuesday then Nifty could see 3684, but chances are less and a down side can be seen soon. Monday market is expected to trade lower. So watch the opening price level, if market gaps down, the SELL below 3350 with stop loss at 3385 for target at 3315 and 3260( if 3115 breaks, then 3260 can be seen). But if market gaps down in first hour to 3325 level and finds support and goes higher, then BUY at 3365 with stop loss at 3340 for target at 3415/3430.

MY CHART

Nifty :: As per our 22/03/09 weekly Elliott Wave count post Nifty achieved max target in Thursday trade..

As per Weekly post Nifty running in primary Zigzag A-B-C of B with Intermediate a-b-c , last leg c target zone in between 3050 to 3550 .. Lat leg c running OR may be end with primary double zigzag w-x-y .. This primary double zigzag w-x-y of y target in between 3525 to 3650.. If target still pending may be y of b moving down and its target between 3375 to 3150.. As far as stay above 3150 momentum is up.. And may be achieved y of c target 3650 sooner or letter after completion of b in coming day.. Avoid buying once break 3150 and close below 3140..

For 20^th April after this complicated wave structure simply watch two support 3354 and 3307 if break 3307 Nifty move down for minimum target 3250 to 3150..

Fourth week of April 2009 will start from 20th April 2009 and will end on 24th April 2009.

Planetary position during Fourth week of April 2009
Sun will transit from Aries.
Mercury will transit from Aries.
Retrograde Venus will transit from Pisces.
Moon will transit from Aquarius, Pisces and Aries.
Mars will transit from Pisces.
Jupiter and Rahu will transit in Capricorn.
Retrograde Saturn will transit in Leo.
Ketu will transit in Cancer.

Prediction - http://stockmarketprediction.blogspot.com/2009/02/bulls-will-back-bse-sensex-will-touch.html

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Stock Market Prediction for 20th April 2009

Transiting Moon will be passing through Aquarius Zodiac sign. Transiting Moon will be in applying aspect with Transiting Venus, indicates Indian Stock Market BSE Sensex may open Up or nearer to previous closing. Market may steady or up side between 10.29 and 11.55. Good day for investor.






Stock Market Prediction for 21st April 2009

Transiting Moon will be passing through Aquarius Zodiac sign. Transiting Moon will be in applying aspect with Transiting Saturn, indicates Some selling pressure will be in Indian Stock Market up to 11.00. Market may steady or up side between 12.30 and 13.05. Intraday traders' should be careful.







Stock Market Prediction for 22nd April 2009

Transiting Moon will be passing through Pisces Zodiac sign. Transiting Moon will be in applying aspect with Transiting Venus, indicates Market may steady or up side up to 12.00. Some selling pressure will come in Indian Stock Market between 12.00 to 13.05, so be careful. Market may get some recovery from Intraday low during last session.






Stock Market Prediction for 23rd April 2009

Transiting Moon will be passing through Pisces Zodiac sign. Transiting Moon will be in separating aspect with Transiting Ketu, indicates Market may steady or down side up to 12.00. Market may steady or up side between 12.30 and 13.05. Some selling pressure will come in Indian Stock Market after 13.10. Indian Stock Market BSE Sensex and NSE Nifty will try to touch bottom surface, Market will be volatile so be careful.





Stock Market Prediction for 24th April 2009

Transiting Moon will be passing through Pisces Zodiac sign. Transiting Moon will be in applying aspect with Transiting Jupiter, indicates Market may steady or down side up to 12.00. Market may steady or up side between 14.00 and 14.35. Market will be volatile so be careful.








Technical Analysis
If Nifty will close above 3490 for two days, it may go up to 3550. Resistance Level for Nifty will be 3410, 3462 and 3540. Support Level for Nifty will be 3332, 3280 and 3150.

Resistance Level for Sensex will be 11102, 11259 and 11495. Support Level for Sensex will be 10866, 10709 and 10316.

MCX Daily Crude Chart 18/04/2009

The Candle on 18/04/2009 MCX Crude is bullish candle, with close of 2635. It seems that crude may try to touch the crucial resistance of 2752 in coming few days.
In the Daily chart MCX Crude made a double bottom at 1636 on 13/02/2009. From then on MCX Crude rallied breaking out of the descending triangle on 26/02/2009 with a big bullish candle. The Current rally in MCX Crude reached high of 2752 on 26/03/2009. MCX Crude is facing resistance at 2752 which is an old resistance and 2 month high, which MCX Crude needs to overcome and make new high with good volumes. Fresh longs position can be added only on breaking of 2752 on the upside.

Moving Averages
From the MCX Crude gave a dream run by crossing all the moving average 13ema, 34ema, 50 sma & 100sma in quick succession. The current 13ema & 34 ema has been showing wedged below the current bullish candle, which hints at a fast rise to crucial resistance zone of 2752. Next upward target for MCX Crude is crossing 150 sma & then 200sma.


Momentum indicator KST
Currently KST Indicator hints at bullish crossover in overbought zone, the bullish crossover will favour the crude going up.With KST Indicator in overbought zone.Short term MCX Crude is said to be in bullish mode.
The KST Indicator had been in the oversold zone all of year 2008, which was bearish for MCX Crude. At the end of February 2009 KST Indicator gave breakout on the upside to over bought zone, thus aiding the bulls to take the price of MCX Crude above 2100. As long as KST Indicator is in the overbought zone and making high or peak with every high or peak in the price of MCX Crude, bulls or longs can have a merry time.

Volume
Since January 2009 the volumes on double bottom have been of accumulation. And on rally from February 2009 the volumes have been rising. The resistance of 2752 must be crossed on good volumes. If MCX Crude is unable to cross the resistance of 2752 with a good volume bulls/longs should careful.


Retracement
From the high of 6333 on 15/07/2008-to low of 1626 on 15/01/2009 a retracement indicated is 0.382-3429, 0.500-3984, 0.618-4540.


MCX Crude Weekly Chart 18/04/2009

In the Daily MCX Crude chart the prices have settled in the range of 2465 - 2673. The horizontal trend line 1 is crucial resistance for MCX Crude on a weekly basis which is around the price range of 2800. The upper shadow of last four doji candles in MCX Weekly chart may prove to be a good resistance area.
The moving average 13ema is a good support level on a weekly basis for MCX Crude.

Momentum indicator KST
The momentum Indicator KST has given bullish crossover in over sold zone. This cross over is indicative of rally in the MCX Crude. As long as KST indicator does not reaches overbought zone, possibility of full fledged bull run or uptrend in MCX Crude will be remote.

MCX Crude Monthly Crude Chart Till 18/04/2009

The MCX Crude Monthly Chart above shows a January 2009 with a doji candle, followed by a long bullish hammer in February 2009. March 2009 gave to Bullish belt hold line & if uptrend in MCX Crude persists in April 2009 and MCX Crude closes to 2752 or a new monthly high, then a three white solider bullish candle pattern formation is anticipated in monthly MCX Crude Chart.

Momentum Indicator.

The KST Indicator is in the mega oversold zone in monthly MCX Crude Chart. KST Indicator has not given any indiciation of a bullish cross over or any kind of divergence
(NOORESH)

Sensex Technical View :

The view remains the same to watch 10650-10700 on downside and almost triple tops made near 11350-11400 zone.

Any breakout may possibly give a small 200-400 points trading opportunity on the Sensex.

Stocks to watchout for :

Grasim continues to look good , PFC moves up without coming to range ( advised to clients at 144 booked at 158 + )

NIIT stop hit.Modern Dairies 16 stop. Murudeshwar stop 18.5 . Bil care keep a stop of 295.

Power Grid

The stock saw huge volumes on friday and if stays above 102 then can targey 109-115 zone. On dips close to 95-96 could be a buy with a stop of 92.

Small Cap stock - Ganesh Housing , Advanta and Agro Tech look positive on charts.

ss

Here on the above chart we see three instances of volatility breakouts.

Here is the core concept - If the next day's open is greater than today's close + 30% to 50 % of today's ATR, then "buy at the open"

The first pair is March 20-March 23

On March 20, the 5 day ATR was 68.57 and the close was 2801. So according to our parameter if the next day's open is greater than 2801 + 50% of 68.57 ie 2835 then we will buy at the open. Next day (March 23) opens at 2846 thus satisfying our condition so we buy at the open. The close on March 23 was 2938!

30% to 50 % ATR suits most breakouts but you can experiment with other parameters.

ss

If we compare the Nifty (top) with the S&P (below), you'll quickly notice that Nifty has outperformed S&P in % gains and there are major structural differences between them - the S&P is just below 875, its February top while Nifty has cleared its Feb top as well as the Jan top!!

If we take the Dow Theory tenet which says that two averages must confirm each other, then a breakout above 875 on the S&P will confirm Nifty, fuelling a further rally all over the globe!