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MY CHART

Nifty :: An outside day bar work proper and once Nifty break 5102 its touch 5051 strong support as per our yesterday post.. Exactly close at long term trend line support which started from march bottom.. Now for 22nd Oct. watch two strong midterm support level 5029/5020 (& three state assembly election result).. Mid term investor buying S.L now at 5020 as closing basis.. Once Nifty given close below 5020 then may be we see at least 4700 to 4400 level in coming days.. Still everything is confusing, we update proper target when first leg finish (May be on 2nd Nov.).. Till then go with trend watch 5029/5020 below it sell at high (S.L 5064) buy on deep (S.L 4950).. If Nifty hold support 5020 then change strategy as buy in deep (S.L 5020) Sell at high (S.L 5124).. Resistance for up move at 5094/5100/5118/ 5124.. Supports at 5052/5029/5020/4950..

 

 

Buy M&M if 880-884 Region holds for a target of 910 930 943 Support at 877

 

Suzlon Mulitple bottoms around 85 levels buy once it crisses 90 for a volatile tgts of 92 95

 

 

FOR DATE 22-10-2009
SCRIP = POLARIS SOFTWARE LAB LIMITED. (NSE),
SCRIP CODE = POLARIS,
PREVIOUS CLOSE = 175,
STOP LOSS = 163,
TARGET = 224.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)

CHART AS ON 21-10-2009

WITH A CONSIDERABLE RISE IN VOLUMES, THE STOCK HAS GIVEN A FRESH BREAKOUT IN THE LAST TRADING SESSION. THE STOCK WAS IN CONSOLIDATION SINCE LATE AUGUST.
THE MOVING AVERAGE, STOCHASTICS, RSI AND MACD ALL SHOW A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.

Sell NF Below @ 5065 and 5058 Target 5045-5003 to 4922.SSL-5099.
Main support level 5064-5055-5038.

Buy NF Above @ 5085 and 5099 Target 5126-5165 to 5176.SSL-5058.
Main resistance 5151-5171-5388

TOMM NIFTY MAY OPEN WITH +VE BIAS,MAY RETEST 5111(BOOK BTST)
WHR IT CAN BE AGAIN SHORTED

INTRADAY
BUY JP ABV 265 SL 260 TGT 273/SELL BLW 246 SL 251 TGT 238
BUY LIC ABV 855 SL 845 TGT 870/SELL BLW 818 SL 828 TGT 803

PREMIER LTD CMP 140 TGT 250-300

HOT STOCKS TO WATCH:
ROLTA,
ABAN,
INDIA INFO,
BANG OV,
KFA,
ITI,
OPTO,
GVKPIL,
V-GUARD,
ORCHID,
EKC,
M&M,
IND SWIFT LAB,
ISPAT,
FIRST WIN
IOC
DSKULKARNI
GATI
BHARTIARTL
HDIL
IBREAL
KOLTEPATIL


-VE STOCKS
SESAGOA
ICICBANK
SBI
TATAMOTORS


For intra 22.10.09 click the charts to know more : - 

These are strong counters, i will update some more for intra on tomorrow , keep visiting for those also,
Remember these are good for delivery also , as i am quoting that from many days in charts itself




There is fatigue. In last one month - market has been able to hold higher levels but has been completely unsuccessful in charting new highs. Now market has come off the highs and is at important support level.
There is a saying - Bull markets are not tested at resistance but at support. Today, is the big test day for bulls. Can they defend an important support level of 20 dma Or Exhaustion is too much and support may come much below at 50 dma?

Market Observations

1. Underperforming: Nifty month to date is now down 0.5%; whereas DEFTY, Dollar denominated Nifty is up 3.2% month to date .
2. Yesterday, Nifty declined 1% to close at 5064. The near term support for Nifty stands at 20 dma of 5040. Will it hold?
3. Overnight US market closed with -ve bias. It is the third straight day when S&P 500 has not been able to cross 1100.
4. This is the first late-day selloff we have had in a very long time, and that just goes to show how complacent the bulls have gotten lately….Rev Shark
5. There is no need to draw big bang inference. Technically, market can go in for a long sideways action which can be quite frustrating.
6. Today, Asian markets are trading with downward bias. SGX Nifty suggests opening at 5025….below 20 dma
7. Volume: The trading activity was relatively lower yesterday. The F&O turnover was at Rs. 68000 crores as against Rs. 74000 crores on Tue
8. Cash market Liquidity: FIIs net sold Rs. 512 crores of stocks in cash market, whereas DIIs sold Rs. 291 crores worth of stocks in cash market yesterday.
9. FIIs activity in futures market: FIIs net sold Rs. 747 crores worth of index futures and net sold 74 crores worth of stock futures.
10. Market Breadth: Despite decline in Nifty, the breadth remained flat: 477 stocks advanced against 775 stocks declined
11. Three Sectors that created the pressure on the market - i. Autos; ii. FMCG and iii. Banks.
12. Yesterday, most of the Technology stocks bounced from support levels. Will they continue to support the bulls?
13. Hero Honda came out with excellent earnings report yesterday. But will it help stock price? It’s trading close to 50 dma of 1574.
14. There is a trading rule which says - Avoid Fallen Leaders. Does Bharti qualify as fallen leader?
15. Adani Enterprises: Upgrade - Citigroup has raised the target price to 896 on the stock because of group’s aggressive plans and demonstrated execution abilities
16. Key Earnings report today: i. SAIL; ii. L&T; and iii. Piramal Healthcare
17. Yes Bank: Everyone seems to be turning bullish on the stock on prospects of accelerating growth. It means stock is buy on every dip. Fundamentally, 330+ seems to be the new target price.
18. Keep an eye on Mumbai Real Estate and Infra companies. A stable coalition in Maharashtra may bring in bullish momentum in these stocks.
19. Man Financial has upped the target price on Phoenix Mills to Rs. 238 because of various initiatives taken in real estate space by the company.
20. PVR Stock changing hands: Yesterday, T Rowe Price International sold 900 000 stocks and Reliance Capital was the buyer.
21. Rolta: Yesterday, Goldman Sachs sold 1.4 million shares of Rolta at average price of 196. Today, the company is expected to announce its earning. Interesting?
22. Technical Observations are now only for members. To read, Technical observation, subscribe to member’s only section.
23. Perfection has no role in successful trading. No one can buy at the absolute lowest price and sell at the highest price. The focus has to be on the direction than on the price
24. Most of your big failures will come from three things: 1) when you abandon your rules, 2) you become overconfident, and 3) trade in despair when unsuccessful.
25. Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads….Erica Jong, Author.