Global Markets 11/06/2010

DOW10172(+273)NASDEQ2218(+59)S&P1086(+31)SGX (+38)HANGSANG(+280)NIKKI(+190)KOSPI(+15)STRAITS(+14)SHANGHAI(+21)FII(+244)DII(-105)

BUY RPOWER 10/06/10

BUY RPOWER CMP155.50  STOP LOSS 152.50  TARGET

159.80

BUY &SELL STOCK 10/06/10

1. Buy PFC above 303 SL 299.90 TGT 309-311
2. Buy ACC above 853.20 SL 846.90 TGT 865-875
3. Sell Wipro below 625 SL 630.10 TGT 615-611
4. Sell Tata Motors below 730 SL 735.10 TGT 719-715

BANKNIFTY FOR SUPPORT 10/06/2010

BANKNIFTY (2nd Resistance) 9339.12
(1st Resistance) 9240.43
Pivot point 9150.22
(1st Support) 9051.53
(2nd support) 8961.32

NIFTY FOR SUPPORT 10/06/2010

NIFTY (2nd Resistance) 5098.87
(1st Resistance) 5044.63
Pivot point 4998.87
(1st Support) 4944.63
(2nd support) 4898.87

BUY EDUCOMP 08/06/2010

BUY EDUCOMP CMP 531.50 STOP LOSS  523 TARGET 555

MARKETS OPENED 08/06/2010

 Markets opened lower in the wake of extremely weak global cues and traded with negative bias throughout the
day to close in red. We maintain our view that till the higher bottom of 16550 / 4960 is intact, the markets have
fair chance of a bounce back. In the coming trading session if indices trade convincingly above 16817 / 5046
levels then it can test the 16871 – 16925 / 5060 – 5093 levels. On the downside 16700 – 16612 / 5000 – 4980 levels remains support for the day.

Stocks for Intraday

1. Buy Dena Bank above 93.50 SL 92.60 TGT 95.30-96.50

2. Buy REC Ltd above 279.20 SL 276.90 TGT 284-286
3. Sell Bharat Forge below 259 SL 261 TGT 255-253
4. Sell Tata Motors below 739 SL 744.50 TGT 729-725

SELL NIFTY 04/06/2010

SELL NIFTY @ 5080-5085 Stop loss @ 5102 Target @ 5040-5035

BANKNIFTY FOR SUPPORT 04/06/2010

BANKNIFTY (2nd Resistance) 9380.45
(1st Resistance) 9332.9
Pivot point 9251.45
(1st Support) 9203.9
(2nd support) 9122.45

NIFTY FOR SUPPORT 04/06/2010

NIFTY (2nd Resistance) 5136.02
(1st Resistance) 5115.98
Pivot point 5088.77
(1st Support) 5068.73
(2nd support) 5041.52

put options 04/06/2010

Yesterday, the 5000 and 5100 put options each
added around 35,000 contracts, which is
comparatively high. On the other hand, the 5200
and 5300 call options added considerable open
interest.

MARKETS OPENED 04/06/2010

if indices trade convincingly above 17073 / 5126 levels then indices are likely to test 17330 – 17390 /
5190 – 5220 levels. On the downside 16884 – 16826 / 5067 – 5048 levels may act support for the day.

MARKET ENDS 02.06.10

Our market ends a flat session of trade on a strong note following a last half an hour pull-back on the back of short covering. For most part of the day, the market however, traded within a narrow range. Sensex closed at 16774, up 201 points (provisional) and Nifty at 5027, up 57 points (provisional) from the previous close. CNX Midcap index was up 1% and BSE Smallcap index was up 0.8%. The market breadth was positive with advances at 835 against declines of 433 

MARKETS OPENED 01/06/2010

Markets opened on a flat note and traded with choppiness to close with marginal gains. After a continuous rally of
nearly 300 points in the past four sessions, the daily charts now indicate a candle stick pattern which resembles a
“Hanging man” formation. This indicates that if the low of the “Hanging man” i.e. 16806 / 5038 is broken, then we
may witness a fall up to 16600 – 16450 / 4980 – 4940 levels. On the upside, if indices convincingly trade above
17000 / 5100 level then it may test 17200 – 17300 / 5140 – 5165 levelsBookmark

BANKNIFTY FOR SUPPORT 01/06/2010

BANKNIFTY (2nd Resistance) 9340.5
(1st Resistance) 9297.2
Pivot point 9229.7
(1st Support) 9186.4
(2nd support) 9118.9

NIFTY FOR SUPPORT 01/06/2010

NIFTY (2nd Resistance) 5104.13
(1st Resistance) 5080.17
Pivot point 5047.73
(1st Support) 5023.77
(2nd support) 4991.33

BANKNIFTY FOR SUPPORT 31/05/2010

BANKNIFTY Support 1 9031.02
Support 1 9123.93
Pivot Point 9203.97
Resistance 1 9296.88
Resistance 2 9376.92

NIFTY FOR SUPPORT 31/05/2010

NIFTY Support 1 4971.9
Support 1 5006.45
Pivot Point 5030.55
Resistance 1 5065.1
Resistance 2 5089.2

MARKETS OPENED 28/05/2010

 For second consecutive trading session market witnessed a rally which led the indices to close on a positive note.
In the coming trading session the market may face stiff resistance at the levels of 16757 / 5030. If the market
convincingly trades above this level, we may see a further rally upto 16843 - 17000 / 5050 – 5090 levels. On the
downside 16507 – 16450 / 4952 – 4938 levels may act as a support for the day.