AVOID SHORT IN MARKET ... NIFTY STILL BULLISH ..... SOME MORE JUICE LEFT OUT ....

AVOID SHORT IN MARKET ... NIFTY STILL BULLISH ..... SOME MORE JUICE LEFT OUT ....

NIFTY LIKELY TO HIT LEVELS NEAR 6280 .....

NIFTY JUST CAME DOWN TO FILL THE GAP

TODAYS LOW ON NIFTY SPOT 6147.20 ,,, FRIDAY HIGH ON NIFTY SPOT 6147.30

AGAIN REPEAT AVOID SHORT IN MARKET

OM SHRI GANESHAYA NAMAH

BUY FINANTECH AT MARKET, CLOSING 893.75 AS ON 31 DEC 2010

BUY FINANTECH AT MARKET, CLOSING 893.75 AS ON 31 DEC 2010
ADD MORE ABOVE 960 AND ACCUMULATE ON DIPS
STOPLOSS 750 CLOSING BASIS
TARGET 1150 / 1325

OM SHRI GANESHAYA NAMAH

BUY TITAN ABOVE 3610, CONDITION CLOSING REQUIRED ABOVE 3610

BUY TITAN ABOVE 3610
CONDITION CLOSING REQUIRED ABOVE 3610
STOPLOSS 3530 CLOSING BASIS
TARGET 3850-3860

OM SHRI GANESHAYA NAMAH

BUY MCDOWELL-N ABOVE 1485, CONDITION CLOSING REQUIRED ABOVE 1485

BUY MCDOWELL-N ABOVE 1485
CONDITION CLOSING REQUIRED ABOVE 1485
STOPLOSS 1425 CLOSING BASIS
TARGET 1600 / 1680

OM SHRI GANESHAYA NAMAH

BUY PUNJLLOYD AT MARKET, CLOSING 112 AS ON 31 DEC 2010

BUY PUNJLLOYD AT MARKET, CLOSING 112 AS ON 31 DEC 2010
STOPLOSS 104 CLOSING BASIS
TARGET 123 / 133

OM SHRI GANESHAYA NAMAH

BUY ICICI BANK AT MARKET, CLOSING 1145.10 AS ON 31 DEC 2010

BUY ICICI BANK AT MARKET, CLOSING 1145.10 AS ON 31 DEC 2010
STOPLOSS 1105 CLOSING BASIS
TARGET 1195 / 1245

OM SHRI GANESHAYA NAMAH

BUY HCC AT MARKET, CLOSING 48.95 AS ON 31 DEC 2010

BUY HCC AT MARKET, CLOSING 48.95 AS ON 31 DEC 2010
STOPLOSS 45 CLOSING BASIS
TARGET 58 / 60 / 62

OM SHRI GANESHAYA NAMAH

BUY AXIS BANK AT MARKET, CLOSING 1350.10 AS ON 31 DEC 2010

BUY AXIS BANK AT MARKET, CLOSING 1350.10 AS ON 31 DEC 2010
STOPLOSS 1290 CLOSING BASIS
TARGET 1430 / 1490

OM SHRI GANESHAYA NAMAH

NIFTY WEEKLY & DAILY OUTLOOK JAN 03, 2011

For the week we advice to book partial profit in long position taken above the level of 5970 however further long position was added above the level of 6065. Book partial profit near the level of 6180 and hold remaining long position with stop loss of 6060 closing basis on nifty spot for target 6280 and 6390. Our views remain positive on market, which may change if market close & remain below the level of 6060. Further update would be given during the week.

For the day, the level of 6095 and 6070 may act as a major support for the market and the level of 6155 and 6180 may act as a major hurdle. Market may attract buying but will remain volatile.

Short term trend will turn negative below the level of 6060.

"Spot Levels" Day trader can go long on nifty above 6155 with stop loss 6125 for target 6180 / 6210 and can go short below 6095 with stop loss 6125 for target 6070 / 6040.

Index Range

Nifty: 6134.50

Range: 6070-6180
Resistance: 6155-6180-6210
Support: 6095-6070-6040

Bank Nifty: 11791.50

Range: 11945-11610
Resistance: 11840-11895-11950
Support: 11725-11670-11610

Short term: Up (6060)

Medium term: Up (5970)
Long term: Up (5350)

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

Cat: Buy Val - Sell Val=   Net Val

FII:  1894.47-1363.14= +531.33
DII:  1274.97-1396.74= -121.77

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 3rd January 2011

• Consider 10 minutes plus and minus in each prediction, and act accordingly.

• Ganesha advises you to compare the next prediction with the prediction of the previous time slot.

• Overall January-2011 doesn't seen to be very good. Just so-so, ganesha doesn't see the posibility of any major gain.

• The dates of high-volatility and wide fluctuation in January-2011 are: 3, 4 (Solar Eclipse), 5, 7, 12, 18, 24, 27, 31

• Ganesha feels that Nifty may maintain the pre-open market figure in the starting.
Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH