|
Daily Market Analysis
|
Praveen Kumar
|
|
11
March 2010, Thursday
|
Mobile no. +91-9822652035
|
|
e-mail id - praveen@viecapital.com
|
|
Chat line id - talk2praveen2002@yahoo.co.in
|
|
CONTACT NUMBER TO BE CHANGED FROM 13 MARCH 2010 - NEW MOBILE NO -
09893369889
|
|
SENSEX (Close - 17098.30)
|
|
Sensex traded
in a very small range for third day in a row but still above 17000 marks.
Study remains same. Sensex may attempt to cross 17200 marks but supply may
also be high at higher levels. IN the lower side Sensex has created a good
technical support at 17000 marks itself. Break of 17000-17200 ranges on any
direction will be decisive. It is very hard to pick any sector but I believe
that we must have good trading opportunity on metal stock if Sensex give a
break above 17200 marks. Another possibility of trade is 'another range bound
day'.
|
|
Support - 16940/16850/16760
|
Resistance -
17200/17280/17450
|
|
NIFTY (Close - 5116.25)
|
|
Nifty has
closed just above 5100 marks in last trading session. It has left the market
clueless, neither above 5151 nor below 5100. I was not expecting this pause
so soon. Technical target is still intact at 5151 marks. In the lower side it
has trading support at 5040 marks while 5000 will act as better support.
|
|
Support -
5100/5050/5024
|
Resistance - 5150/5180/5210
|
|
SBIN (Close - 2037.25)
|
|
This stock has maintained supports at lower levels. Technically
if trades sustain above 2060 then we can expect upmove towards 2100 marks. It
has good trading support at 2020 marks. If it breaks 2020 then we can see
profit taking after recent rise. Chances for rise is less.
|
|
Support - 2032/2020/2000
|
Resistance -
2050/2066/2089
|
|
TATA
STEEL (Close - 612.20)
|
|
This stock is showing signs of choppy trades at higher levels.
Technically it can be a short trade as it failed to cross above 628 marks.
One can prefer to trade on short side on rise above 617 with stop loss above
620. Will it break 600? May be yes. Trade long above 628 only.
|
|
Support - 603/592/588
|
Resistance -
620/628/634
|
|
PUNJLLOYD (Close - 181.30)
|
|
This stock has bounced from lower levels but it has strong
technical resistance at 188-190 zone. After a slip from higher levels it is
looking weak. One can prefer to trade on short side on higher levels with
suitable stop loss. One can expect moderate to good slip in the days to come.
|
|
Support - 178/176/172
|
Resistance - 184/187/190
|
|
For subscription, you can SMS at
9822652035.
|
|
For Equity - Write
"SUB EQ"
|
|
For Derivative -
Write "SUB DER"
|
|
For Commodity
(Positional) - Write "SUB COM"
|
|
For
NIFTY FUTURE (Positional + Intraday) - Write "SUB NIFTY"
|
|
TRACK RECORD OF PREVIOUS TRADING
SESSION
|
|
EQUITY : SOLD SBIN @ 2045/ PROFIT BOOKED @ 2030
|
|
EQUITY : SOLD TATA STEEL @ 612/ PROFIT BOOKED @ 606
|
|
EQUITY : SOLD LT @ 1588/ PROFIT BOOKED @ 1574
|
|
DERIVATIVE : SOLD LT FUT@ 1587/ PROFIT BOOKED @ 1574
|
|
DERIVATIVE : SOLD TATA STEEL FUT @ 609/ BOOKED PROFIT @ 604
|
|
COMMODITY : SOLD MCX COPPER @ 342 & 344/ BOOKED PROFIT @
338
|
|
NIFTY FUTURE : SOLD NIFTY FUT@ 5130/ PROFIT BOOKED @ 5110
|
|
NIFTY : EARNED 555 POINTS OF NIFTY FUTURE IN FEBRUARY MONTH
SERIES
|
|
To read us first visit our official
web at 11 pm daily. Thanks - VIECAPITAL
Mail me at praveen@viecapital.com
Join me on yahoo messenger, id - talk2praveen2002@yahoo.co.in
|
|
Official web site -
www.viecapital.com
|
|
Our services are
running for Equity, Derivative and commodity sections.
|
|
Days for
speculative trades are almost over. You need technical calls to trade
with comfort. Its our humble advise to trade with good sense.
|
- For subscription
enquiry send just one SMS to 9822652035.SMS service is now
available to BSNL, TATA INDICOM And Reliance mobile also.
- Contact for
Investment Newsletter/Trade Newsletter + SMS. Investment newsletter is
only yearly subscription at cheaper rates.
- Rather than
charting or technical analysis we are doing more on trading system. We
are not offering any free trials.
- We have launched
our trading calls for commodity also. You can send
your queries for subscription.
|
|
|
Disclaimer: These recommendations are based on the theory of
technical analysis and personal observations. This does not claim for profit.
I am not responsible for any losses earned by traders. It is only the outlook
of the market with reference to its previous performance. You are advised to
take your position with your sense and judgment. We are trying to consider
the fundamental validity of stocks as far as possible, but demand and supply
affects it with vision variations. This analysis is provided to you by viecapital.
|
|
Discloser- I
do not have any personal position in any stocks. It is safe to assume that my
clients could have some positions and hence I am interested in above written
stocks.
|
Feedback
