ICSA (INDIA) (BUY) 147-149 (T1)153 (T2) 155(Sl) 144.5
RELIANCE CAPITAL (SELL) 618-622 (T1)610 (T2) 598(Sl) 628BGR ENERGY (BUY) 182-184 (T1) 187 (T2) UPPER CIRCUIT(Sl) 177ajit kumar: Buy Praj Industries at 69.30, target: 72.50. Stoploss: 68.Buy BEML at 391, target: 405. Stoploss: 387
REL INFRA Sell @ 648 Stoploss 660 for Targets of 634. & HDFC BANK Buy @ 1098 Stoploss 1086 for Targets of 1115. & SATYAM Buy @ 176 Stoploss 167 for Targets of 186. NTPC Sell Jan Fut. around 178 with a Stoploss around 185 for targets of 166 & BHARTI AIRTEL Sell only around 660 Stoploss 672 for Target 645.
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Wednesday, January 07, 2009
Inraday view 07/01/2009
View: Nifty corrected from higher resistance zone & then took a sharp bounce from lower support area & closed flat.Short-term momentum is up & Long-term is down.Detailed View:Above 3440, downtrend may breakout & we may see fresh rally Else we may see correction at any time. So profit booking at all highs is must till above level is not crossed satisfyingly
On Tuesday the market went down in the second half of the trading session on the failure of sustenance above 3110 level. However, may be due to strong grip of bulls the market recovered smartly towards the end and closed nearer to its previous close of 3120/10300. If we follow the studies of Japanese candlesticks then we can say that the on Tuesday the market has formed ?Hanging Man? formation at the top of the rally on daily charts, which indicates at weakness in the market. Rather it may be an advance indication that bears are ready to take the grip of the market in the near term.
On Tuesday the market went down in the second half of the trading session on the failure of sustenance above 3110 level. However, may be due to strong grip of bulls the market recovered smartly towards the end and closed nearer to its previous close of 3120/10300. If we follow the studies of Japanese candlesticks then we can say that the on Tuesday the market has formed ?Hanging Man? formation at the top of the rally on daily charts, which indicates at weakness in the market. Rather it may be an advance indication that bears are ready to take the grip of the market in the near term.
Subscribe to:
Posts (Atom)