Monday, December 21, 2009

TIPS & MARKET VIEWMONDAY 21.12.2009


GOOD morning have a nice day Happy and profitable trading!

INTRADAY CALLS FOR FRIDAY 21.12.2009
Buy DCHL above 159.50 SL 157 TGT 161.9 164
Buy Shri Lakshmi Cotsyn Ltd at 108.15, TGT 112.50 SL 104
Buy Axis bank 935 SL 918 TGT 976-980

INVESTMENT CALL & DELIVERY CALLS
Buy GVK Power at 46/- Target 49/- & 53/- Short term.
Just Buy at 46/- and sell at 49/- before F&O Expiry on 31st December.
HDIL BUY 342.80 SL 340.00 TGT 346(intra) 348 TGT2 delivery
GOA CARBON BUY 117.70, 112.95, 121.90, 126.00, 130.00
BUY Balaji Distilleries Stop Loss 38 Target 49
MARKET OUTLOOK 21-24 dec 2009
We said the market actually does not require a breakout from 5181 levels but a strong breakout from 5200 levels is necessary to make it worthwhile and until that happens the up move would always be a suspect.
The suspect market could not sustain itself and finally broke down and closed in the red and below the 5000 mark indicating more down side in the days to come…
Technically the market is in a sell zone and we could see some more slide in the days to come and a violent reaction thereafter during the week is not ruled out…
The logical target on the downside for the Nifty is 4850-4785 and resistance at 5100
The logical target on the downside for the Sensex is 16586-16281-16015 and resistance at 17000From a trading point of view I would continue to book profits on the way up…it never hurts.

Market view today 21.12.2009
Nifty closed above 4980 levels on Friday, which is just above the support levels. Today it has to move up from here as below this levels Nifty can fall further to a pain full levels of 4950-4920. In upper side, the levels to watch is 5040-5050 levels. If anyone shorted Nifty do not remain short above 5050 levels as we can see some upper rally from these levels. Above 5080 levels, Nifty can again cross 5100-5120 levels in coming days or a short covering rally can expected any moment. Friday US closed positive and Asian markets will play a big role for our markets. Anyways my personnal calculations, Nifty will take turn from here.

Astro view, Monday, December 21 2009
Last week, Nifty average was -26 points and Nifty total was -130 points.So over all, it was mostly a waste of time. Now you know why Ganesha wassaying what it said in the last week's prediction.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. Jupiter has entered Aquarius, and Venus has entered Sagittarius. Sodon't invest in stocks related to media and educational sector.10:05 to 11:00 - Nifty is strong, but like we said before, today themarket will be directionless and so wait for the opening before youstart trading. (0.15)11:00 to 12:05 – the selling of heavy-weight scripts will increase. The effect will be evident on Nifty. (-0.07)12:05 to 13:25 – If you have already purchased Nifty shares you canbook profits during this period. (0.08) 13:25 to the end of the day – Nifty will give you an amazing opportunity to gamble on both sides. (0.02)
WORLD MARKETS UPDATE 21.12.2009
Asian MarketsAsian shares trading mixed on Monday.Nikkei Stock Average 225 up 63.09 points at 10,205.14.Hang Seng Index down 89.84 points at 21,086.04.KOSPI Index up 0.13 pct at 1,649.15.Shanghai Composite Index down 0.49 pct at 3,098.57.

US Markets ended higher on Friday. Dow Jones industrial average up 21 points, up 0.20 percent, to 10,329. The Standard & Poor's 500 index up 6 points, up 0.58 percent, to 1,102. The tech-heavy NASDAQ composite index up 32 points, up 1.45 percent, to 2,212.
European Stocks Ended LowerEuropean Markets ended lower on Friday. Britain’s FTSE 100 index ended down 0.40 percent down 21 points to 5,197 ,Germany's DAX ended down 0.23 percent down 13 points to 5,831,France's CAC 40 ended down 0.95 percent at 3,794.

CommoditiesCrude oil was down 6 cents to trade at $73.30 a barrel. Gold settle at $1,112 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

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