NSE-alert

NIFTY is moving above its 100DMA at 5690. It is probable that market may touch 5750 in its current upmove. And before moving up further it may touch 5550 and then it may go 5850. So buy around 5550 levels and book profits around 5850 levels. it is not advisable to make fresh longs at this levels. Wait for the market to provide you the necessary dips....
Happy hunting.....and trading.....
All the best.....!!!!!

NSE Alert

NSE

Buy with SL of 5478. If it breaches 5478 on the downside then the possible targets may be 5442, 5427 and 5404. But huge panic is not on the cards.

On the upside market may surprise us to touch 5508, 5519 and 5527.
If it fails to cross 5519 then expect some short selling pressure on the bourses which may lead the market to touch 5478 and 5442.

NSE-Alert

Since NSE has given a gap down opening, it is not advisable to create fresh shorts. Its immediate intraday supports are 5380,5364 and 5342. Its immediate intraday resistances are 5404,5416 And 5437.

NSE-Alert

NIFTY-

PP	R1	R2	S1	S2	S3
5501	5566	5604	5492	5475	5464

NIFTY is trading below its 50, 100, 200 DMA. In today’s trade it will take support at 5492 and 5474.

Bears take hold of situation if NIFTY starts trading below 5453. Below that mark it may try to test 5437 and 5402.

LEVELS for BULLS………

BULLS will dominate market only above 5547. If NIFTY continue to trade above 5547……..more power will be added by bulls to take nifty to the levels of  5560, 5586and 5604

SBI

PP	R1	R2	S1	S2	S3
2592	2618	2635	2575	2550	2532

SBI is also trading below its average. I would suggest to accumulate SBI in the current fall around 2350-2450 with target of 2900. It has a strong support at 2500 with immediate resistance at 2630 & 2650.

Wait for RBI policy to come before taking any position in this stock.

TATA STEEL

PP	R1	R2	S1	S2	S3
595	608	616	587	574	567

Trading below its MDA with immediate resistance at 607 & 612. Also showing sign of  Positive divergence on the chart except with one great factor of  quake and tsunami due to which metals demand may slow down for a short term. Overall bullish in the long term.

MARKET Alert

As recomended in our blog yesterday, NIFTY achieved all targets suggested by us.

As japan was hit by a strong earthquake and Tsunami, its impact was clearly seen on NIKKEI. It tanked 6.18%. The shock of this event was also felt in EMs as most of the world markets were trading with negative bias but we managed to close in green above 5520.
At this level it is advisable to trade with utmost caution as markets are prone to react heavily on any negative news. Those who have purchased yesterday are advised to book some profits and close their trade.

Also EUROPE markets were trading with negative bias and closed in a negative territory.
US Markets also closed on a negative side. So we can expect some high volatility in the market.
Therefore trade cautiously..........HAPPY Trading......!!!!

NSE Alert

NIFTY achieved all our targets.

NSE-Alert

WATCH........
ESCORTS for target of 145 in 3-5 days. SL-112
OSWAL Chemicals for target of 62-65 in 5-7 days. SL-44.5

NSE Alert

Todays Trading Strategy 

Bears take hold of situation if NIFTY starts trading below 5403. Below that mark it will try to test 5385 and 5343.

LEVELS for BULLS………

BULLS will dominate market only above 5453. If NIFTY continue to trade above 5453……..more power will be added by bulls to take nifty to the levels of  5473, 5495 and 5515.

So keep adding ypur positions with last SL of 5270