AVOID SHORT IN MARKET ..... CAN CARRY LAKSHMIEFL AS BTST

AVOID SHORT IN MARKET .....

WAIT FOR AN UPDATE BEFORE TAKING SHORT ....

STILL SOME JUICE LEFT IN MARKET (6210) .....

CAN CARRY LAKSHMIEFL AS BTST TARGET AND STOPLOSS REMAIN THE SAME

IBREALEST 139 ..... DLF 295 ...

INTRADAY BUY LAKSHMI ENERGY AND FOODS (LAKSHMIEFL) CMP 73.50 SL 71.50 TGT 82 / 85

WISHING YOU A VERY HAPPY & PROSPEROUS NEW YEAR 2011

WISHING YOU A VERY HAPPY & PROSPEROUS NEW YEAR 2011

HOPE NO ONE IS LEFT OUT OR MISSED THE RALLY HOPE ALL ENJOYING THE RALLY WITH TIMELY UPDATE

ONE CAN START BOOKING PROFIT IN 3-4 PARTS ON RISE ... WILL UPDATE SOON ON WHEN TO TAKE SHORTS @ ?? SL ?? TARGETS

ALL STOCKS AND NIFTY ROCKING .... ENJOY .....

NIFTY / DLF / IBREALEST / HCC / EDUCOMP / SESAGOA / BALRAMPUR CHINI / DELTACOP ...

EXCEPT LITL ALL STOCKS AND NIFTY ROCKING

ENJOY....

OM SHRI GANESHAYA NAMAH

INTRADAY BUY DLF ONLY ABOVE 288.50 STOPLOSS 284 TARGET 293 / 295 / 298 "CASH LEVELS"

NIFTY DAILY OUTLOOK DEC 30, 2010

On Wednesday, market opened on positive node and traded higher in the range thru out the day with buying across all the indices and closed up in green. Major buying interest was seen in FMGC, Metals and Banks. Volume for the day was higher then previous trading session. Market breadth was positive. Midcap index and Small caps index closed up in green.

For the day, the level of 6045 and 6015 may act as a major support for the market and the level of 6085 and 6115 may act as a major hurdle. Market may attract buying and be cautious at higher levels.

Medium term trend will turn positive above the level of 6065.

"Spot Levels" Day trader can go long on nifty above 6085 with stop loss 6060 for target 6115 / 6145 and can go short below 6045 with stop loss 6070 for target 6015 / 5985.

Index Range

Nifty: 6060.35
Range: 6015-6115
Resistance: 6085-6115-6145
Support: 6045-6015-5990

Bank Nifty: 11612.90
Range: 11450-11790
Resistance: 11680-11740-11790
Support: 11570-11510-11450

Short term: Up (5970)
Medium term: Down (6065)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  1768.80-1221.22= +547.58
DII:  803.82 - 974.16=   -170.34

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY SPOT SUSTAIN ABOVE 6045 WILL TRY FOR 6060 / 6073 / 6090