GOOD MORNING & Have a Nice DAY
PREMARKET & INTRADAY CALLS FOR 12.04.2010
MONDAY
Buy KFA above 51.6 SL 50.8 TGT 52-53.50
Buy NIITLTD 65.60 TGT 66 -68 SL 63
INVESTMENT CALL & DELIVERY CALLS 12.04.2010
NO CALLS
MARKET VIEW 12.04.2010 MONDAY
Nifty made the strong come back from the level close to 5300 & made the strong closing as well. Nifty looking strong from here onwards and the next crucial resistance for the nifty seems to be at the level of 5450. Closing above this higher level may lead the nifty till the level of 5500. We recommend that traders may initiate the longs in nifty future from here for the target of 5450 and if sustain it might ride to the level of 5500 in near term. In the downside the short term support base is seems to be at the levels of 5245 to 5250.
NIFTY Support-5320 Resistance-5404
SENSEX Resistance-18075 Support-17792
WORLD & COMMODITY MARKET VIEW 12.04.2010
Asian Markets
Asian markets trading mixed on Friday.
Nikkei Stock Average 225 up 0.98 pct at 11,314.42.
Hang Seng Index up 0.08 pct at 22,227.23.
KOSPI Index down 0.43 pct at 1,716.98.
Shanghai Composite Index down 0.14 pct at 3,140.79.
US Markets ended higher on Friday.Dow Jones industrial average was up 70 points,up 0.64 percent, to 10,997. The Standard & Poor's 500 index ended up at 1,194. The tech-heavy Nasdaq composite index ended up to settle 2,454 .
European Stocks Ended Higher
European Markets ended higher on Friday.Britain's FTSE 100 index ended up 1.02 percent up 58 points to 5,771 ,
Commodities
Crude oil was up 43 cents to trade at $85.35 a barrel.Gold settle at $1,166 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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