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BULLISH HARAMI IN IDBI 17.7.09

TRY LONG IN IDBI @92 LEVEL BY KEEPING SL AS 87 FOR A TARGET OF 118 IN POSITIONAL ( 20 DAYS) , FOR MORE DETAILS SEE THE CHART HERE

Last friday market full positive rally nifty upto 4390 and closing of nifty 4375 levels this day market not come in higher level sell-off. Coming monday market open positive for 30 to 40 points gapup and Second off the nifty will cross 4420 level this level market heavy selling pursure coming. So the nifty will come downside for 4390,4380,4360,4340,4320 to 4220 levels. Suppose the nifty will trade above 4420 to 4450 levels the market will again and further uptrend for 4520 to 4720 level the nifty will go it. Coming monday anytime come downside. Plz every trade use SL.

Nifty Spot

R-4330/4435/4490.
S-4270/4170/4110.

Nifty Fut

R-4350/4445/4495.
S-4300/4205/4160.

Sensex

R-14625/14925/15100.
S-14447/14150/13970.

Last friday our sell call not active. But buy call all target achived. Coming monday Nifty buy abv 4350 SL 4305 tgt 4370,4390,4420,4445,4460,4480 to 4520. Nifty Sell below 4305 SL 4350 tgt 4290,4280,4260,4240,4220 to 4180 levels.

(pankaj564)

yesterday during market hours i had posted nifty chart.

NIFTY AT A CRITICAL LEVEL

in nifty we have crossed downward trend line. today i have posted chart for sensex.it has just tested trend line but looking at other indicators markets will cross it soon.so now we will be looking for +ve option as i had discussed ....

MARKET ?

so we might be moving on first sub wave of fifth sub wave .targets for this move can be 16k+

(ss)

Above is the sectoral performance for the week ended July 17. Top two sectors this week are Realty at +17.62% gain and Infra at +12.66%.

Auto (above) and FMCG ( below) are two sectors which are near to their January 2008 highs.

On Friday markets opened sharply higher with gap up on the back of strong cues from the global markets.

After a strong opening markets witnessed strong buying spree coming in across all the sectors .

Fresh buying from the FII and domestic investors pulled the markets higher to end with huge gains on a strong positive note.

Further the strong European markets boosted up the sentiments and helped markets to retain the strong positive momentum till the end of the days session.

I have been saying for last many days that 3967 will prove to be the crucial support level for the Nifty, if it would had got broken on closing basis then it could have been the beginning of bear trend in the markets again and the markets would have witnessed 3200—3300 levels once again, but above 3967 level bulls may take the charge any time to take the market to 4400 levels.

Nifty finally closed at 4374.95 gaining 144 points or 3.39 % on positive side.

Trading Strategy for 20th July, 2009

Intraday Support for the market shall be 4318 & 4266.

While the market will experience resistance at 4422 & 4473.

Best Strategy shall be to:-

Buy above 4401 with Stop Loss of 4358 and

Sell below 4358 with Stop Loss of 4401.

Intraday Call & Playing the Trend Trading Strategy for 20th July, 2009

If Nifty Trades above 4401 then Buy

BHEL
Buy above 2237 with Stop Loss of 2223
For Target 2283 –2302

RNRL
Buy above 84 with Stop Loss of 82
For Target 88 –91

IDEA
Buy above 75 with Stop Loss of 73
For Target 78 –80

If Nifty Trades below 4358 then Sell

STERLING
Sell below 585 with Stop Loss of 592
For Target 572—564

SUZLON
Sell below 95 with Stop Loss of 97
For Target 92—89

GAIL
Sell below 335 with Stop Loss of 339
For Target 328—324