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(Satyam Sit)

Support discussed for the day was 4735 and made a low of 4735, resistance was 4825, high made 4825. Shorter time frame initiated a impulse move from the support zone discussed. Currently that's still on and positionally targeting a higher price.

Supports: 4785 is critical and it has closed just there for the day. Below that it can witness some weakness for intraday up to 4760-4725, where lies the most probable last support for this current up move. Further breakdown can bring 4700-4680-4640.

Resistances: 4825 is immediate. Above that it can turn more bullish for further target towards 4845-4860/75. 4875 will be an important hurdle for intra, where violation of that can certainly bring 4915-4935-4955/60.

 

MY CHART

Nifty :: After an long legged white doji candle, Body Gap up bullish candle and again with low volume.. As per our earlier post corrective bounce may be touch 4900 to 5100 region once break 4832.. Be careful at higher level, again and again in every post we told about corrective up move and that’s why avoid buying in gap up opening or at extreme higher level.. For 10th Feb. watch strong resistance 4860/4910.. Our strategy for 10th Feb. buy only in deep (S.L 4770) sell at high (S.L 4910).. If Nifty open gap up then watch strong resistance and wait, buy in intraday correction only.. Resistance for up move at 4832/4846/4860/4883/4910.. Supports at 4770/4740/4712/4675..

 

(Nooresh Merani)

Hindalco and Tata Steel look highly oversold and can give a bounce to 145-150 and 560-575 in short term.

Jayshree Chemicals and Sharon Bio are nice breakouts on short term charts. Buy with a 5% stop from cmp tgt 15-25% in 1 mth. Low liquid so do ur research.

Day traders can look to buy Grasim if opens closer to prev close.

DIC India seems a good bet for defensive investors. Buy on every decline till 190-200 and current levels with a target of 10-20% returns in 6 mths. Dont expect quick moves. But good place to lock profits.

Suzlon could also give a sharp upside in next 1-2 mths .............Market Buzz !! 

 

(Nooresh Merani)

I think i have discussed on this co before but with boring market conditions i ended up doing a bit more research

Jaybharat Textiles and Real Estate !! --- Have u heard the name before --- Obviously not ....

Then you wont be knowing that

1) At 18372 crores market cap the enterprise value of this company is more then combined market cap of HDIL and Indiabulls Real Estate.

2) The stock was less then Re 1 in 2003-2004. The stock has appreciated 400-500 times !!!. Has given huge bonuses !!

3) The daily delivery volumes are only 10% !! ... So there are too many traders who keep punting intra-day in this stock. Even on a 1 hour 30 min session the delivery volumes the delivery vols were less then 1 % :)

4) With a promoter holding of 67 % the Tayal family should be worth 10k crores !!! 

 

(Ilango)

Nifty on its way down from 5309, after breaking 5170, fell to 4766 and bounced up to 4950. During the last stages of its downtrend, it tried to find support @ 4825 - 4850 on many hours before finally gapping down to reach 4675.
The earlier supports of 4825 - 4850 would offer a resistance here - a profit booking or a pause.Only a firm trade above this level would set it for the next 4950+.
The most recent intraday resistances of 4760 - 4775 should give it supports.
Weekly Trend Down below 4942; Day Trend Up above 4791 on Closing basis.

As stated earlier, Trade your positions by Booking out at higher(Resistance) levels and re-entering at lower(Support) levels using "Yahoo Intraday Charts"..