HDFCBANK gaining from the day's low, buy above 995 with 980 sl uptrend till 1011 >> 1020
STER looks attractive, BUY above 285 sl 278 uptrenf till 294 >> 299 >> 308
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Wednesday, December 17, 2008
Lucarative Intraday Calls, Dec 17,2008
EDUCOMP moving with strength, Buy above 2350 with sl 2320 tgt 2389 >> 2405
NIFTY TRADING RANGES AND POSITIONAL BUY SIGNALS
Nifty Futures Dec 08 - (major level)- 3032
Resistance levels - 3075 - 3105 - 3137
Support levels - 2996 - 2927 - 2891
Resistance levels - 3075 - 3105 - 3137
Support levels - 2996 - 2927 - 2891
Tanla Solutions (Rs 91.65): Buy with a sl 84 Uptrend till 101 >> 110
Market My View Dec17,2008
Good Morning ............!!!
Welcome to morning trade, full of surprises ......
Tuesday's trading session saw a good resiliance in the trading day, giving the traders a good time to earn and make profit.
The US indices closed higher on the surprising and better than expected rate cut by the Federal Bank. The FOMC announced that it will try to keep the interest rates at the lowest points for some time to boost up the investors sentiments. This move by the major Central bank will help the US economy to see more liquidity flows. This enabled both the US indices to close higher. DOW closed at 8924.14 up by 4.2% & NASDAQ Comp. closed at 1589.89 up by 5.41%.
The ASIAN indices opened in green on this news.
The NIKKEI has cooled of its morning gains. Hangseng is trading 128.02 up at 15258.53 ...
the other major asian indices folllowing the trend.
In India we can expect the nifty to open around 1% up and there after the major resistances at 3075 and 3095 levels, if crosses we can expect a selling above 3150levels .... Please watch out these levels carefully and trade....!!
There is a proverb for the stock market.. " buy on rumors and sell on news"
Our market rallied on the above FED rate cut .... News ... today will b the real test to watch out for the strength that the index has gained in the last few trading sessions.
Nifty has Support at 3020(Spot) level. If Nifty is not able to sustain above this level then we can see some profit booking in market till 3000-2975-2935 levels. Else If Nifty is able to hold & sustain above 3020(Spot) level then we can see some more upward move in market till 3040-3060-3075 levels. Above 3075(Spot) level we can see some good short covering in market which take nifty to 3105-3129-3150 levels very soon.
Welcome to morning trade, full of surprises ......
Tuesday's trading session saw a good resiliance in the trading day, giving the traders a good time to earn and make profit.
The US indices closed higher on the surprising and better than expected rate cut by the Federal Bank. The FOMC announced that it will try to keep the interest rates at the lowest points for some time to boost up the investors sentiments. This move by the major Central bank will help the US economy to see more liquidity flows. This enabled both the US indices to close higher. DOW closed at 8924.14 up by 4.2% & NASDAQ Comp. closed at 1589.89 up by 5.41%.
The ASIAN indices opened in green on this news.
The NIKKEI has cooled of its morning gains. Hangseng is trading 128.02 up at 15258.53 ...
the other major asian indices folllowing the trend.
In India we can expect the nifty to open around 1% up and there after the major resistances at 3075 and 3095 levels, if crosses we can expect a selling above 3150levels .... Please watch out these levels carefully and trade....!!
There is a proverb for the stock market.. " buy on rumors and sell on news"
Our market rallied on the above FED rate cut .... News ... today will b the real test to watch out for the strength that the index has gained in the last few trading sessions.
Nifty has Support at 3020(Spot) level. If Nifty is not able to sustain above this level then we can see some profit booking in market till 3000-2975-2935 levels. Else If Nifty is able to hold & sustain above 3020(Spot) level then we can see some more upward move in market till 3040-3060-3075 levels. Above 3075(Spot) level we can see some good short covering in market which take nifty to 3105-3129-3150 levels very soon.
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