Tuesday, March 23, 2010

TIPS FOR 23.03.2010 TUESDAY




GOOD MORNING & Have a Nice DAY

PREMARKET&INTRADAY CALLS FOR 23.03.2010

TUESDAY

Buy Excel Crop Care Ltd at 172.20 TGT 178 SL 169

Buy Chabl Fert above 63.5 SL 61TGT 64.50- 65.50

INVESTMENT CALL & DELIVERY CALLS 23.03.2010

Buy BSEL Infra above 15.45 SL 15.05 TGT 16.50

Buy Orchid chemical above 156.25 stop loss 154 target 159

MARKET VIEW 23.03.2010 TUESDAY

Markets likely to open slightly positive

Support for nifty is at 5170 and resistance at 5260

Nifty abv 5203 is still in upmode. Keep a pivot of 5215. Bears are gaining power, but bulls are not weakening that much. Though shorts may be the name of game, presently seen very dangerous. Better trade that way ID as per ID charts for time being.

Seems like US markets are on an upward rampage

Astro view Ganesha Speaks 23.03.2010 TUESDAY

Nifty opening is not consistent. Between 9:15 and 10:25 Nifty will be on the negative side.Follow the range-bound pattern and just pass your time, says Ganesha.

10.25 to 11.05- By the Grace of Ganesha, Nifty will show an upward trend.

11.05 to 14.25- Nifty is likely to undergo consolidation.

Look for the right direction and only then take your decisions.

14.25 to 15.30- Nifty is likely to go north.

WORLD & COMMODITY MARKET VIEW 23.03.2010

Asian Markets
Asian markets trading mixed on Tuesday.
Nikkei Stock Average 225 down 0.25 pct at 10,797.51.
Hang Seng Index up 1.04 pct at 21,151.03.
KOSPI Index up 0.50 pct at 1,681.00.
Shanghai Composite Index down 0.22 pct at 3,067.96.
US Markets
US Markets ended higher on Monday. Dow Jones industrial average was up 44 points, up 0.41 percent, to 10,786. The Standard & Poor's 500 index ended higher at 1,166. The tech-heavy NASDAQ composite index ended higher to settle 2,395.

European Stocks Ended Flat
European Markets ended flat on Monday. Britain’s FTSE 100 index ended down 0.10 percent down 6 points to 5,645,Germany's DAX ended up 0.08 percent up 5 points to 5,988,France's CAC 40 ended up 0.07 percent at 3,928 .
Commodities
Crude oil was up 57 cents to trade at $81.25 a barrel. Gold settle at $1,101 an ounce

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

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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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