newsletter

(Azad)

" The stock market is poised to decline substantially lower than the recent March 6 low. In our opinion, investors who buy or continue to hold stocks during the remainder of this second downleg of the Supercycle Bear Market will suffer substantial losses from current levels." Bob Bronson

NIFTY : (4525.25) Today Nifty face resistance at 4592, if cross 4592 then goes up to 4656. Nifty find support at 4509, if 4509 break then fall up to 4455 and 4385.

AXIS BANK : (719.90)

Buy Above 732 target 1-764, target 2-803, stop loss 715

Sell Below 715 target 1-690, target 2-677, stop loss 732

ABAN : (958.05)

Buy Above 958 target 1-978, target 2-1000, stop loss 948

Sell Below 948 target 1-924, target 2-878, stop loss 958

BEML : (746)

Sell below 745 target 1-724, target 2-703, stop loss 760

ICICI BANK : (732.30)

Buy Above 733 target 1-746, target 2-755, stop loss 727

Sell Below 727 target 1-707, target 2-682, stop loss 733

STERLITE : (691.10)

Buy Above 692 target 1-703, target 2-715, stop loss 680

Sell Below 680 target 1-669, target 2-655, stop loss 692

REL INFRA : (1243.15)

Sell Below 1240 target 1-1198, target 2-1154, stop loss 1265

Yesterday market will open huge uptrend and after 10.30 market will comedownside Nifty upto 4450 levels. Then after 2.30 pm market will bounce back at 4540 levels. Today also market will go uptrend continued upto 4620 levels. Again and again we instrct client market will techinacally bullish upto 4620 levels. But higher level profit booking in market's. Your all trade's plz use SL and every profitable trades book profits. Suppose market will cross 4460 level the nifty will com downside upto 4420 level. Andalso the nifty will cross 4420 level. Again market will come again downside upto 4320 levels.

Nifty Spot

R-4521/4590/4656.
S-4455/4386/4320.

Nifty Fut

R-4517/4585/4647.
S-4455/4387/4325.

Sensex

R-14826/15043/15212.
S- 14657/14440/14271.

Yestery our buy call first two target's achived, andalso Sell call first two target's achived. Today Also the yesterday calls Nifty buy above 4520 Sl 4480 tgt 4540,4560,4580 and 4620 levels. Nifty Sell Below 4480 Sl 4520 tgt 4460,4450,4430 and 4420 levels.

(*M J Akhtar*)

(Ilango)

Negative divergences have started to take effect. More confirmation comes on a break below 4452 as well as a close below it.





SantyWell, as I have updated in my earlier post, nifty found nice support at 4460/80 level after selling off heavily in first half of the session and hence BUY order from 4485 to 4530 target met for intraday trade. But again it is still trading well within the range 4550/4200, however nifty certainly is trying to break the range to upside. But as long as it has not broken the range, I would be looking pullback for BUY. Tomorrow market is expected to sell off again. So watch the opening level. If Nifty opens near today’s close (4531) and goes lower, then SELL below 4515 /4500 with stop loss at 4540 for target at 4470/50/20. In the case of minor GAP UP open and then trending down after getting resistance near 4545/50, then SELL at 4530 for target at 4485/65. Even though nifty is very bullish in daily and weekly timeframe, but in H4 I can see a negative divergence which implies market to short side if selling pressure persists.