UPDATE ON JSWSTEEL AND FRESH BUY EDUCOMP CMP 508.50

"CASH LEVELS" JSWSTEEL 980-1000>>1055 MINOR HURDLE AT 1080

CROSSOVER WILL MOVE FOR 1140-1160

STOPLOSS SHOULD BE 1020 CLOSING BASIS

"CASH LEVELS" EDUCOMP BUY AT CMP 508.50

STOPLOSS 480 CLOSING BASIS

TARGET 565 / 595

OM SHRI GANESHAYA NAMAH

SILVER BUY UPDATE $28.75>>>>$29.21 : MCX 44180-44200 >>>>44730

SILVER MCX CMP 44710 AND SILVER COMEX $29.32

TARGET-1 OF $29.15 HIT BOOK 50% AT CMP

TARGET-2 OF 29.90 PENDING HOLD 50% 

MODIFY STOPLOSS TO $29.00 FOR REMAINING 50% POSITION

OM SHRI GANESHAYA NAMAH

can buy silver at cmp and can buy on dips as per dollar rates cmp $28.75 target $29.15 / $29.80 stoploss $28.40

NIFTY UPDATES AS PER THE LEVELS

LAST WEEK AS TOLD NIFTY SPOT BELOW 5770 WILL MOVE FOR 5640 / 5425

Now IF NIFTY SPOT HOLDS 5640 FOR 2 DAYS ON CLOSING BASIS THEN CAN EXPECT BOUNCE BACK UPTO 5770-5840 AND CLOSE ABOVE 5840 NIFTY WILL MOVE FOR 6040 / 6170 / 6280

ALERT IF NIFTY SPOT FAILS TO HOLD 5640 then will move for 5425 / 5310

OM SHRI GANESHAYA NAMAH

"NO" update for this week too on Nifty for Daily and Weekly view

"NO" update for this week too on Nifty for Daily and Weekly view .... as laptop hard disc got crashed last week i.e 10 jan'11 and on data revovery as of now we do not have access to the data ... we will be back shortly with updates and view on nifty and stocks by next week ... many stocks look good to us for short term . one of them is JSWSTEEL ... other will let you know later once we have access.......

OM SHRI GANESHAYA NAMAH

NIFTY WEEKLY & DAILY OUTLOOK JAN 10, 2010

Last week as advised to book partial profit near level of 6180 for the long taken above 5970 and hold remaining long position with stop loss 6060. Market moved accordingly and on closed below 6060 market made a low of 5883 and closed at 5904 last week. For this week look for buying on dips with stop loss 5770 on closing basis on nifty spot for target 6040 / 6170 / 6280 and look for selling only if market remain below the level of 5770 for target 5640 / 5425 with stop loss 5845 on closing basis on nifty spot.

For the day, the level of 5885 and 5860 may act as a major support for the market and the level of 5915 and 5940 may act as a major hurdle.

Short term trend will turn positive above the level of 5970.

"Spot Levels" Day trader can go long on nifty above 5915 with stop loss 5885 for target 5940 / 5970 and can go short below 5885 with stop loss 5915 for target 5860 / 5830.

Index Range

Nifty: 5904.60
Range: 5860-5940
Resistance: 5915-5940-5970
Support: 5885-5860-5830

Bank Nifty: 11053.35
Range: 10980-11370
Resistance: 11110-11160-11210
Support: 10935-10880-10820

Short term: Down (5970)
Medium term: Up (5770)
Long term: Up (5350)

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

Cat: Buy Val - Sell Val=   Net Val
FII: 2397.19-3437.93=-1040.74
DII: 2179.56-1063.73=+1111.83

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

OFF TO PUNJAB FOR WEEKEND

NIFTY DAILY OUTLOOK JAN 07, 2011

On Thursday, market opened higher but continue third day of profit booking with selling across all the indices and close down in red. Buying interest was seen in IT whereas Banks, Realty, Auto and Capital Goods remain under heavy selling pressure. Volume for the day was slightly higher then previous trading session. Market breadth was negative. Midcap index and Small caps index closed down in red.

For the day, the level of 6015 and 5985 may act as a major support for the market and the level of 6070 and 6100 may act as a major hurdle. Market may attract buying, buying may be seen in Banks & IT.

Short term trend will turn positive above the level of 6060.

"Spot Levels" Day trader can go long on nifty above 6070 with stop loss 6040 for target 6100 / 6125 and can go short below 6015 with stop loss 6045 for target 5985 / 5960.

Index Range

Nifty: 6048.25
Range: 5985-6100
Resistance: 6070-6100-6125
Support: 6015-5985-5960

Bank Nifty: 11186.80
Range: 10980-11370
Resistance: 11260-11315-11370
Support: 11090-11035-10980

Short term: Down (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:  3274.86-3660.49= -385.63
DII:  1240.16-1578.21= -338.05

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

WE WOULD BE CARRYING OUR LONG WE BOUGHT YESTERDAY AND ADDED MORE TODAY .. NIFTY SPOT CLOSING 6060 UNLIKELY

BUYING MAY START ANYTIME FROM NOW

BUYING MAY START ANYTIME FROM NOW ....
BUT KEEP SL OF 6060 ON CLOSING BASIS ON NIFTY SPOT
AS TOLD YESTERDAY AND UNDER WEEKLY OUTLOOK DT. 03 JAN POSTED

OM SHRI GANESHAYA NAMAH