GOOD MORNING & Have A Nice DAY
PREMARKET&INTRADAY CALLS FOR 22.03.2010
MONDAY
Buy Mtnl above 77 SL 75.8 TGT 78 79.3
Buy National aluminium above 409 SL 405 TGT 418
INVESTMENT CALL & DELIVERY CALLS 22.03.2010
Buy Hindalco above 177 SL 175 TGT 182
Buy DCHL Only above 177 SL 173 Target 181 - 186
MARKET VIEW 22.03.2010 MONDAY
Support for nifty is at 5180-5200.
BSE Sensex 17578 the crucial support on the Sensex on the downside is 17400 and resistance at 17635-16800
Today we can see a correction as the Repo rate has been increased by RBI. Today an opening of 5200 expected. 5180 is the important hold key as break out this will lead Nifty to 5150 levels too. Just treat this correction as a buying opportunity in dips. In upper side Nifty can move upto 5250 levels. The maximum chance is to range bound between 5180-5200 to 5230-5250 levels.
Astro view Ganesha Speaks 22.03.2010
Ganesha doesn't seem too upbeat about today's trend. Till 9.55, trade for the sake of trading. Not a very good period for making profits.
9.55 to 10.55- Nifty will be in the negative frame of mind, and will try to move downwards. Be careful, warns Ganesha.
10.55 to 14.50- Nifty trend will be similar to the trend during the opening period of the day. It will frequently change patterns and it will be difficult to ascertain the trend.
14.50 to 15.30- Nifty to slowly drag itself towards the positive side. But Ganesha is a little apprehensive about this period. Be careful
WORLD & COMMODITY MARKET VIEW 22.03.2010
Asian Markets
Asian markets trading down on Monday.
Hang Seng Index down 1.96 pct at 20,951.98.
KOSPI Index down 1.18 pct at 1,666.23.
Shanghai Composite Index up 0.21 pct at 3,074.10.
European Stocks Ended Flat
European Markets ended flat on Friday.Britain's FTSE 100 index ended up 0.13 percent up 8 points to 5,650,Germany's DAX ended down 0.50 percent down 30 points to 5,982,France's CAC 40 ended down 0.32 percent at 3,925.
Commodities
Crude oil was down 58 cents to trade at $80.10 a barrel.Gold settle at $1,107 an ounce.
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
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