February 9th, 2010 by RUPESH DALAL
MARKETCALLS’ VIEW ON NIFTY (INTRADAY)
We wish you To Have A Superb Profitable Trading Day Today !!!
Yesterday nifty recovered and in the end with small down side nifty closed on positive side at 4765. Nifty is having resistance of 4824 If nifty close above 4824 then you may take long positions. Still nifty is trying to sustain above 4700. If nifty close below 4700 then it may touch 4531, so take care. On 12th Feb Govt will declare IIP data. These data may give short term trend to market.
STRICTLY TRADE WITH STOP LOSS ONLY. IN THE MARKET ONLY SL CAN SAVE YOU.
NIFTY FUTURE CHART
INTRADAY NIFTY SUPPORT 4722 AND RESISTANCE 4824
NIFTY FUTURE(4765)
Buy above 4809
Sell below 4722
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February 9th, 2010 by Chirag Jethmalani
Source : IndianMoneyPlus.Com
US Markets ended lower.
Europe ended in green.
Asia has opened flat to negative.
Expect the Indian markets to open flat to negative.
The crucial support on the downside for the Nifty is 4673-4499 and resistance at 4918
BSE Sensex: (15936) the crucial support on the Sensex on the downside is 15628 and resistance at 16469
Check out Intraday Tips on IndianMoneyPlus.Com
Alok Industry a BUY call Click here for targets!
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February 9th, 2010 by ASHOK SHARMA
Market will open weak today. It is expected to be range bound and stock specific. Indian market is outperforming the global markets last 2 days in spite of heavy selling by FIIs. This reflects that the market is slowly moving into the pre budget rally. But the world market has to support the Indian rally. Stay alert and focus on the mid cap.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 4840-4935.
• US & European markets closed negative.
• Asian market opened mixed.
• SGX nifty down 4 points.
• Dollar index is at 80.31.
• Gold and crude are also down marginally.
• London future down 39 points.
• Dow future up 35 points at 7.45 AM
Stock pick of the day: JUBILANT FOODWORKS
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February 9th, 2010 by op agarwal
TRADING STRATEGY FOR 9TH FEBRUARY 2010
(Based on technical by O P AGARWAL)
Markets end flat amid high volatility
The market after flat opening yesterday drifted lower in early trades on weak global cues primarily from the Asian markets. The markets in a surprise move around early afternoon, after the government announcement on economic growth, witnessed large scale buying in frontline stocks which lifted the indices to day’s high. The markets however, failed to sustain at higher levels and witnessed profit taking which erased substantial portion of earlier gains. The markets finally closed flat with marginal gains. The Sensex, which dipped to a low of 15,651 around mid morning, recovered sharply and rose to 16,061 in afternoon trade before closing with a paltry gain of 19 points at 15,935. The Nifty too ended at 4760 gaining merely 3 points after making a low of 4675 in morning trades and a high of 4799 in mid afternoon trades. The market breadth yesterday remained marginally negative at close as out of 2854 stocks traded on BSE, 1444 stocks declined and 1329 stocks closed with gains. 81 stocks ended flat. Readers are advised to trade with caution in view of very high volatility seen in the markets.
NIFTY FUTURE (Last close 4764.90)
The counter after flat opening yesterday drifted lower in subsequent trades under selling pressure till early noon when a sudden buying in frontline stocks after the release of higher economic growth forecast by the government turned the market sentiment highly positive. The NF thereafter flared up to day’s high at 4806 which however, failed to sustain and finally the counter closed the session with a paltry gain of 15 points. The chart pattern for NF on weekly basis however, continues to remain with negative bias which one needs to take note of. The NF amid high volatility took support yesterday exactly at 4667, a level indicated in these columns and bounced back. Meantime, the NF to continue it’s up move needs to trade and remain above 4781.75 whereby it may move up to 4808/4835. Strong support for the NF exists at 4722.25 which if breached decisively the NF may slide to 4695/4665.
READERS ARE WELCOME TO JOIN FOR EXCLUSIVE INTRA DAY TIPS/CALLS
FOR NIFTY AND F & O STOCKS AT A NOMINAL WEEKLY CHARGE OF 5000/-
THOSE INTERESTED MAY CALL AT MOBILE NO. 09825029446 TO REGISTER.
ORIENTAL BANK FUTURE (Last close 264.10)
The PSU banking stock closed yesterday above its weekly buy signal with high volumes gaining over 1%. The stock after a recent high of 288 on the 2nd Feb.’10 lost favour of the investors and drifted lower losing substantially. The stock however, appears to be consolidating at CMP and may move up to 269/273 once it trades and remains above 265.75. Strong support for the stock exists at 260.25.
CHENNAI PETRO FUTURE (Last close 240.25)
The stock after remaining range bound during the past week closed yesterday near its weekly resistance with positive bias. The stock appears positive on charts and may move up to 245/249 once it trades and remains above 241.50. Strong support for the stock exists at 235.25.
PATNI COMPUTERS FUTURE (Last close 454.55)
The software stock closed flat yesterday with average volumes amid moderate volatility. The stock appears positive on charts and may move up to 464/469 once it trades and remains above 457.50. Strong support for the stock exists at 450.25.
DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.
Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades
Visit www.bazaarbhavishya.com regularly
Email: opagarwal805@gmail.com
Mobile: 09825029446
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won’t be liable or responsible for any legal or financial losses made by anybody.
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February 8th, 2010 by moneyvistas
As mentioned in weekly outlook on monday 4800 acted as resistance
after taking support between 4650-4700.
For Tuesday clearly Buy on dips tomorrow we are going to open around day pivot 4745.Most likely we might be range bound for tomorrow.
Down side watch out Day pivot 4745 and watch out for level 4780 on upside ,once it crosses with volumes it will lead to 4840 on nifty.
From banking sector SBI is looking good for tomorrow
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February 8th, 2010 by beatdstreet
Nifty after hitting a high of 4763 on the futures retraced and not only surrendered the early gains, it went on to slip and almost kissed the 200DMA. After a bitter battle, nifty gradually broke free from its shackles and gradually inched ahead to hit a new high of 4806. However, with the Fibonacci looming large @ 4818 it quietly slid back to a close of 4764 on the nifty futures. A close below 4760 would have signaled that the bulls made merry while the bears were busy with their lunch. However, a close above 4760 was a sign that all is not well in the bear camp and we might see a northward move tomorrow which could take us close to 4860-4880 levels.
Obviously, living in a global village today, the Dow, Hang Seng, Shanghai and the close of the European markets will make their presence felt in the early morning trade tomorrow. However, if today’s low holds, we may see some very sharp up move on the nifty tomorrow.
Nifty Call for 9th February 2010
Buy Nifty above 4730 tgt 4803-4840. If stays abv 4855 for 4-5 mins then extended tgts are 4880-4918 sl 4686
Sell Nifty below 4800 tgt 4730-4690 If stays below 4670 for 4-5 mins then extended tgt is 4620
Futures Calls for 9th February 2010
Buy Century Textiles Fut abv 477 tgt 489-495 sl 468.75
Sell Century Textiles Fut below 489 tgt 477-471 sl 497
To subscribe to our highly accurate paid services write in to beatdstreet@ymail.com or call Rajesh on 9820010841.
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February 8th, 2010 by arun vrk
Markets shown a great deal of wide swing all through the day, that turned excellent for day traders. Almost 300 point swing and a great fight back from Bulls indicating tomorrow there is a possibility for one side move.
In my chart, which I had presented yesterday, You can get a view that Nifty almost on to 38.2% retrace level, and if that level is surpassed during opening hours we may even have a vertical up move till 4884.
So the simple view would be initiate long at opening hours and hold for a target of 4884.
Nifty spot levels for the day:
4690 – 4744 – 4791 – 4827 – 4884
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February 8th, 2010 by zahid latif
NIFTY(4758)-
Nifty after opening flat and trading in a range,
suddenly plunged on GDP growth projections. Market
presumably believed that since the economy has got the
momentum the incentive package may be withdrawn by the
government. The Index dived down below 4700 and created a
new recent low of 4675.As we had pointed out market is over
sold and after the sell off some buying combined with
short covering managed to pull the Nifty above the dotted line. It touched
and moved above to our target of 4790 to touch 4798 and slipped down.
A close above 4800 would have been helpful for recovery . Volume
was marginally better, however market breadth finished negative.
Today market will continue to be volatile support level of 4745 and 4724
are critical,below these next support is at 4706. If Nifty trades above 4750
up side target can be 4826,4849 and 4870.
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February 8th, 2010 by NIFTYTRYME NIFTYTRYME
WEEKLY NIFTY SUPPORT AND RESISTANCE LEVEL
RESISTANCE —–4831………4931………..4993
SUPPORT…………..4667…….4567………….4505
SUPPORT AND RESISTANCE LEVEL FOR 09 FEBRUARU 2010
RESISTANCE………..4808……….4860———-4893
SUPPORT…………..4721…………4667……………4635
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February 8th, 2010 by BLACK ROCK
Date: 09.02.2010
Market : If Nifty(spot) trade above 4775 then some more uptrend in the market upto 4800 – 4850, and if Nifty(spot) trade below 4740 then some profit booking in the market upto 4700 – 4675.
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No one has done this before. Black Rock Traders is doing it.
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Or Pick up the phone and speak with ANUPAM on 9233094157.
Intraday Calls :
KOTAKBANK : Buy above 741 sl 735 Targets 751,760 Or if trades below 719 Short KOTAKBANK SL 726 Targets 709,700
AXISBANK: Buy above 1033 sl 1025 Targets 1044,1052 Or if trades below 1008 Short AXISBANK SL 1016 Targets 997,988
JSWSTEEL: Buy above 1003 sl 995 Targets 1014,1022 Or if trades below 962 Short JSWSTEEL SL 970 Targets 954,944
BOOK PROFITS AT YOUR DISCRETION AT THE LEVELS OF EITHER ONE, TWO, OR THREE PERCENT RISE OR FALL IN THE STOCK VALUE. AT EITHER FIRST OR SECOND TARGETS.
Disclosure: We don’t have any positions in the above said scrips.
Disclaimer: “We do not make any warranties, express or implied, as to results to be obtained from using the information in this site. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report.
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