Heavy weights RIL, SBIN, ICICI, AXIS taken our markets far away from the bears, strong closing for our markets today. NIFTY closes above 5080, and SENSEX closes above 17100. Traders can hedge their longs with 4900, 5000 put options.

    NIFTY SUPPORT            @ 5045-4980


    NIFTY RESISISTANCE @ 5120-5150

BUY  TCS ABOVE 615 TGT 631

SELL TCS BELOW 602TGT 595-591


BUY  SUZLON ABOVE 94 TGT 97-100

SELL SUZLON BELOW 91 TGT 88-85

Today NIFTY up 48 points and manage to close above 5000 mark, SENSEX up 160 points and closes @ 16852.91. Our markets seem some more good upsides. IT, OIL& GAS, and PHARMA indexs outperform.


NIFTY SUPPORT 4950-4900

NIFTY RESISTANCE 5050-5070

TODAYS TIPS

BUY RELIANCE ABOVE 2148 TGT 2185-2200

SELL RELIANCE BELOW 2109 TGT 2085-2060


BUY ORCHIDCHEM ABOVE 181 TGT 185-190

SELL ORCHIDCHEM BELOW 175 TGT 170-165


BUY SUZLON ABOVE 93.5 TGT 97-100

SELL SUZLON BELOW 91 TGT 89-87

FIBONACCI RETRACEMENT FOR NIFTY

NIFTY UP FROM 4580.35(04/09/09) TO 5036.3 (22/09/09) IF NIFTY COMES DOWN FIRST SUPPORT WILL BE @ 38% OR 4864, NEXT SUPPORT WILL BE @ 50% OR 4808, NEXT SUPPORT WILL BE @ 62% OR 4754.


INVESTORS CAN INVEST IN THESE LEVELS AS PER YOUR OWN IDEAS. I JUST GIVEN YOU A FIBONACCI RETRACEMENT THEORY. THIS IS WHAT HAPPENED IN THE PAST.

NIFTY DOWN 27.60 Points and closed @ 4958.95, SENSEX DOWN 58.92 and closed @ 16693.


NIFTY SUPPORT @ 4900-4850-4800

NIFTY RESISTANCE @ 5000-5050-5070


SENSEX SUPPORT @ 16500-16250

SENSEX RESISTANCE @ 17000.

TODAY TIPS


BUY  BPCL  ABOVE 577 TGT 586-593

SELL BPCL BELOW 566 TGT 556-553


BUY  RANBAXY ABOVE 397 TGT 410-415

SELL RANBAXY BELOW 387 TGT 381-377

    25/09/2009


   TODAY NIFTY UP AROUND 16 POINTS AND CLOSES @ 4986.55, SENSEX UP 61 POINTS AND SETTLED @ 16781, AS I TOLD YESTERDAY MARKETS SHOWED EXTREAME VOLATILE. IN COMING DAYS OUR MARKETS WILL MOVE AS PER GLOBAL MARKETS

         NIFTY SUPPORT @ 4900

BUY  EDUCOMP ABOVE 4349 TGT 4410

SELL EDUCOMP BELOW 4246 TGT 4187-4167

BUY  IOB ABOVE 125 TGT 127-129

SELL IOB BELOW 118 TGT 116-113 

   TODAY NIFTY DOWN 50 POINTS AND CLOSES BELOW 5000.24/09/2009 IS EXPIRY DATE FOR F&O CONTRACTS, SO EXTREAME VOLATILE WILL SEEM. TRADERS AVOID INTRATRADE

     NIFTY SUPPORT @ 4926

BUY  RELCAPITAL ABOVE 945 TGT 961-977

SELL RELCAPITAL BELOW 925 TGT 921-905


BUY  WIPRO ABOVE 580 TGT 585-590

SELL WIPRO BELOW 574 TGT 566-562 

  After 2 trading days NIFTY moves upwards. Volumes are looking good, so our markets seem some more upsides. So traders dont go short blindly in this markets. Traders can do intratrade only as per technicals, use strict stoplosses.

SPOT NIFTY RSI @ 74

SPOT NIFTY SUPPORT @ 4998, RESISTANCE @ 5050 

TUESDAY 22/09/2009 TIPS

BUY  DLF ABOVE 431 TGT 437-447

SELL DLF BELOW 421 TGT 412-405


BUY  SESAGOA ABOVE 285 TGT 290-295

SELL SESAGOA BELOW 272.5 TGT 265

DEAR FRIENDS,

          OUR MARKETS HAVE CLOSED AROUND 16 MONTHS HIGH, NOW SPOT NIFTY `S RSI @ 72 AND LAST TWO DAYS OUR MARKETS MOVING SIDEWARDS. MARKETS WILL TAKE FEW MORE DAYS TO FIND ITS WAY, SO MARKETS WILL BE EXTREAME VOLATILE IN COMING DAYS. PLEASE AVOID INTRATRADE FOR FEW MORE DAYS. INVESTORS CAN SELL THEIR HOLDINGS AND KEEP CLOSE WATCH FOR THEIR OPPERTUNITY.


          SPOT NIFTY SUPPORT @ 4925,

TIPS FOR THE DAY

BUY  IOB ABOVE 115 TGT 118-121
SELL IOB BELOW 111 TGT 106


BUY  JPASSOCIAT ABOVE 249 TGT 253-258
SELL JPASSOCIAT BELOW 244 TGT 240-236

SBIN RSI 78, ICICI RSI 73, INFOSYSTCH RSI 75. SO GO SHOT THESE SHARES WITH THE SL OF YESTERDAY`S HIGH USE STRICT SL

    MY ALL TARGETS REACHED IN NIFTY. NOW NIFTY IN OVER BOUGHT ZONE, ITS RSI 71, AND SHOOTING STAR PATTERN HAS FORMED TODAY, SO BE CATIOUS ON YOUR LONGS. SMALL CORRECTIONS SEEMS IN NEAR TERM

   I AM GOING TO OOTY FOR 4 DAYS SO I UNABLE TO UPDATE MY BLOG TILL FRIDAY.

ABOUT MONDAY MARKETS

Our markets looking very strong. My personal opinion is our market NIFTY will touch 5K in coming trading days or weeks

MY RECOMMENDATIONS

HOLD NIFTY LONGS SL 4775 TGT 4900-4950-5000

TIPS FOR INTRADAY

BUY ICICIBANK ABOVE 845 TGT 863-870

SELL ICICIBANK BELOW 828 TGT 810-803


ORIENT BANK RSI ABOVE 81 SO DONT MISS ITS SHOT

SL 228 GO SHOT TGT 218-211

COMMENT MY TECHS AFTER MONDAY MARKETS HOURS