TIPS FOR 16.03.2010 TUESDAY

GOOD MORNING & Have A Nice DAY

PREMARKET&INTRADAY CALLS FOR 16.03.2010

TUESDAY

Buy Balrampur Chini mills 95 TGT 100 SL 93.

Buy Ranbaxy above 469.10 SL 465TGT 476

INVESTMENT CALL & DELIVERY CALLS 16.03.2010

Buy HCL Tech above 371 SL 365 TGT 376-380

MARKET VIEW 16.03.2010 TUESDAY

Nifty facing the resistance around the level of 5145 to 5160 level. But the one thing which is very vital is the recovery from the lower levels and holdings the level of 5100. Technically still it is looking to continue it's up trend for while and could make more up moves from here, above 5175 we could expect the level of 5230 in nifty future.

The crucial support on the downside for the Nifty is 5100-5030 and resistance at 5175-5250BSE Sensex 17165 the crucial support on the Sensex on the downside is 17000 and resistance at 17272

WORLD & COMMODITY MARKET VIEW 16.03.2010

Asian Markets
Asian markets trading flat on Tuesday.
Nikkei Stock Average 225 down 0.06 percent at 10,745.55.
KOSPI Index up 0.04 pct at 1,650.17.
Shanghai Composite Index up 0.09 pct at 2,979.60.
US Markets
US Markets ended flat on Monday.Dow Jones industrial average was up 18 points,up 0.17 percent, to 10,642. The Standard & Poor's 500 index ended flat at 1,151. The tech-heavy Nasdaq composite index ended flat to settle 2,362 .

European Stocks Ended Lower
European Markets ended lower on Monday.Britain's FTSE 100 index ended down 0.57 percent down 32 points to 5,594,Germany's DAX ended down 0.70 percent down 42 points to 5,904,France's CAC 40 ended down 0.93 percent at 3,891.
Commodities
Crude oil was down 15 cents to trade at $79.66 a barrel.Gold settle at $1,106 an ounce.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

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PANCHKULA (Haryana).

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WISH U ALL HAPPY & SAFE TRADING

Disclaimer

These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of market with reference to it's previous performance. You are advised to take your positions with your sense and judgment. We are trying to consider fundamental validity of stocks as far as possible, but demand and supply affects with vision, variation. [Our subscribers have positions in the above recommended scripts