MARKET VIEW FOR COMMING WEEK

The market movement remained flat during the week ended 11th December 2009 with really mixed kind of signals from the futures & options (F&O) activity all through-out the week. The industrial production growth though robust at 10.3% fell below market expectations of a growth of 13% to 14% for the month.In the nifty option front there were negative signals as fresh call were being written from 5000 to 5400 strike as puts written at 4900 and 5000 strikes earlier were covered on Friday. There were fresh put buying of 5100 and 5200 strikes.Thus the F&O activity emits a mixed signal although the option indications are negative.Traders and speculators were seen buying at lower levels while booking profits at higher levels and creating short positions. Incidentally, FIIs remained net buyers in the cash segment but were net sellers in the derivatives segment. Mutual funds, too, remained net sellers and were seen booking profits at regular intervals.Sensex faces resistance at the 17300 and 17434 levels but seeks support at the 16750and 16158levels. The Nifty faces resistance at the 5150, 5230 and 5303 levels while 4957 and 4732 are its important support levels.We believe dip on Friday was a big over-reaction by market. We are positive about the coming week. Investors are adivsed for buying on every decline. Expect Positive trend in the coming week.
CALLS:FOR COMMING WEEK
SELMCL Buy Around 74- SL 70 TGT 120 intra +Del
BUY NOIDA TOLLBRIDGE Ltd AT 38/- Target 45/- & 50/-INTRADAY CALLS WILL BE POSTED BY YAHOO MESSENGER & YAHOO GROUP JOIN FOR ACCURATE CALLS LINK BELOW
Astro view Monday, December 14, 2009
Ganesha suggests that decide only after taking a close look at the opening session at the Nifty for today and tomorrow. 10:10 to 11:15 the overall Nifty may struggle but still to move upwards. (0.13)11:15 to 13:00 As the Nifty moves upwards it is likely to face tougher challenges, and thus the weight age is likely to become negative during this period. (-0.04)13:00 to 14:00 Nifty is likely to regain strength to move upwards. (0.11)14:00 to 15:30 Nifty is likely to show a weak upward trend. Do not hang on till the last moment or else you'll regret. Over all weight age is less than the previous phase. (0.03)
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