GOOD morning have a nice day WISH U ALL A Happy & profitable trading!
INTRADAY CALLS FOR WEDNESDAY 23.12.2009
IOC Buy Above 308 SL 305 TGT 314
Buy Gujarat Mineral Development Corporation Ltd 144.35, TGT 151.50 SL140
INVESTMENT & DELIVERY CALLS
ROCKET STOCK PONDY OXIDES & CHEMICALS Ltd 23 TARGET 35 & 45
Buy NTPC above 216.6 SL 213.3 TGT 220 223
Buy ABAN above 1221 SL 1207 TGT 1232-1255(inrta+Delivery)
BUY Suzlon Energy Stop Loss 81 Target 90
Market view today 23.12.2009
Nifty (4986) we said ‘now if we get a good sharp decline then that decline would be an opportunity for buying as the market is likely to bounce back after a decline’ the market closed positive due to short covering and in the process has generated a reversal pattern that needs to be confirmed and I would say the market is likely to be up as long as 4950 holds…
The crucial support on the downside for the Nifty is 4950 and resistance at 5035-5063
BSE Sensex (16692) the crucial support on the Sensex on the downside is 16600 and resistance at 16873-16965
Though today’s is positive and US looks pretty OK, we are still not out of the woods yet. I guess only a close > 5040; will assure the market that things are not that bad.
Trade positive intra day, but close positions at EOD till markets come out of the rut.
Astro view, wednesday, December 23 2009
Nifty will be particularly unpredictable on December 21, 22, 23 and 30.Don't take a position on bank Nifty on December 23, 24, and 29.Stick to delivery-based intraday during the next week.A forgettable day. Your best option is intra-day, but provided you havethe strength to take the delivery. Don't hold a position in bank Nifty.10:05 to 11:25- Ignore all recommendations. Wait for the market to open,says Ganesha. The market will drop from the point it opens, thus it willfollow an up-down pattern. (0.08)11:25 to 13:25- The market trend is likely to move step-by-step in theupward direction, except when there is a Nifty breakout. But theweight age is less, so don't get your hopes high and keep on exiting.(0.03) 13:25 to 14:45- The graph of trends at Nifty will form a W.
So close watch Nifty's behavior before making a decision. (0.05)14:45 to 15:30- The weight age for this line is around -0.01, which isclose to zero. So, don't expect earth shattering profits at Nifty. Keepon jobbing if you still want to trade at Nifty.
WORLD MARKETS UPDATE 23.12.2009
Asian MarketsAsian shares trading flat on Wednesday.Hang Seng Index up 4.77 points at 21,096.81.KOSPI Index up 0.09 pct at 1,656.99.Shanghai Composite Index up 0.31 pct at 3,060.10.
INTRADAY CALLS FOR WEDNESDAY 23.12.2009
IOC Buy Above 308 SL 305 TGT 314
Buy Gujarat Mineral Development Corporation Ltd 144.35, TGT 151.50 SL140
INVESTMENT & DELIVERY CALLS
ROCKET STOCK PONDY OXIDES & CHEMICALS Ltd 23 TARGET 35 & 45
Buy NTPC above 216.6 SL 213.3 TGT 220 223
Buy ABAN above 1221 SL 1207 TGT 1232-1255(inrta+Delivery)
BUY Suzlon Energy Stop Loss 81 Target 90
Market view today 23.12.2009
Nifty (4986) we said ‘now if we get a good sharp decline then that decline would be an opportunity for buying as the market is likely to bounce back after a decline’ the market closed positive due to short covering and in the process has generated a reversal pattern that needs to be confirmed and I would say the market is likely to be up as long as 4950 holds…
The crucial support on the downside for the Nifty is 4950 and resistance at 5035-5063
BSE Sensex (16692) the crucial support on the Sensex on the downside is 16600 and resistance at 16873-16965
Though today’s is positive and US looks pretty OK, we are still not out of the woods yet. I guess only a close > 5040; will assure the market that things are not that bad.
Trade positive intra day, but close positions at EOD till markets come out of the rut.
Astro view, wednesday, December 23 2009
Nifty will be particularly unpredictable on December 21, 22, 23 and 30.Don't take a position on bank Nifty on December 23, 24, and 29.Stick to delivery-based intraday during the next week.A forgettable day. Your best option is intra-day, but provided you havethe strength to take the delivery. Don't hold a position in bank Nifty.10:05 to 11:25- Ignore all recommendations. Wait for the market to open,says Ganesha. The market will drop from the point it opens, thus it willfollow an up-down pattern. (0.08)11:25 to 13:25- The market trend is likely to move step-by-step in theupward direction, except when there is a Nifty breakout. But theweight age is less, so don't get your hopes high and keep on exiting.(0.03) 13:25 to 14:45- The graph of trends at Nifty will form a W.
So close watch Nifty's behavior before making a decision. (0.05)14:45 to 15:30- The weight age for this line is around -0.01, which isclose to zero. So, don't expect earth shattering profits at Nifty. Keepon jobbing if you still want to trade at Nifty.
WORLD MARKETS UPDATE 23.12.2009
Asian MarketsAsian shares trading flat on Wednesday.Hang Seng Index up 4.77 points at 21,096.81.KOSPI Index up 0.09 pct at 1,656.99.Shanghai Composite Index up 0.31 pct at 3,060.10.
US Markets ended higher on Tuesday. Dow Jones industrial average up 51 points, up 0.49 percent, to 10,465. The Standard & Poor's 500 index up 4 points, up 0.36 percent, to 1,118. The tech-heavy NASDAQ composite index up 15 points, up 0.67 percent, to 2,253.
European Stocks Ended HigherEuropean Markets ended higher on Tuesday. Britain’s FTSE 100 index ended up 0.66 percent up 35 points to 5,329 ,Germany's DAX ended up 0.26 percent up 15 points to 5,946,France's CAC 40 ended up 0.68 percent at 3,898 .
European Stocks Ended HigherEuropean Markets ended higher on Tuesday. Britain’s FTSE 100 index ended up 0.66 percent up 35 points to 5,329 ,Germany's DAX ended up 0.26 percent up 15 points to 5,946,France's CAC 40 ended up 0.68 percent at 3,898 .
CommoditiesCrude oil was down 3 cents to trade at $74.37 a barrel. Gold settle at $1,087 an ounce.
We wish you To Have A Superb Profitable Trading Day Today!!!
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
Group mail id: makin97NSEtips@yahoogroups.co.in
WISH U ALL HAPPY & SAFE TRADING
We wish you To Have A Superb Profitable Trading Day Today!!!
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997, 9041667797
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
Group mail id: makin97NSEtips@yahoogroups.co.in
WISH U ALL HAPPY & SAFE TRADING
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