December 22, 2009

E-Mail : ashameed123@gmail.com Mobile: (0) 97899 91235

Get Free Trial SMS: Recommendations via SMS during Trading Hours. NSE/BSE Cash Market. NSE F & O.

BSE SENSEX:

Above 16631 level, expect short covering up to 16696-16698 zone and thereafter expect a jump up to 16761-16763 zone by non-stop. Support at 16591 level. Below this level, selling may continue up to 16566-16568 zone by non-stop. Below 16501-16503 zone, expect panic up to 16436-16438 zone by non-stop. On Positive Side, cross above 16826-16828 zone can take it up to 16891-16893 zone by non-stop. Supply expected at around this zone and have caution.

Short-Term Investors:

Bullish Trend. Stop Loss at 16210.44. Up Side Target at 18226.48.

Equity:

BHARTI AIRTEL (NSE Cash) Will continue to fall. Negative factor is that, Stop Loss is too far on upper side. Hurdle at 313-315 zone & mild rally up to this zone is possible. Keep a Stop Loss at 318-320 zone and sell. Stop Loss is too far on upper side. Support at 307 level. Below this level, selling may continue up to 302-304 zone and thereafter it can tumble up to 296-298 zone by non-stop.

NUCLEUS SOFTWARE (NSE Cash) No trigger as per my calculations. Bulls will get trapped at higher levels. Will face resistance at 151-153 zone. If crosses & sustains 170 & 173 levels, then expect a jump up to 190-192 zone by non-stop. Support at 148 level. Below 133 level, expect unwinding up to 129-131 zone.

Will you take a risk of Rs.30.80? (From Yesterday's closing price). Then Buy ICICI BANK (NSE Cash) with a Stop Loss of 780.10-782.10 zone. Target at 837.30-839.30 zone.

OPTIONS (NSE):

NIFTY 5000 PUT OPTION Will continue to gain. Negative factor is that, Stop Loss is too far on down side. Above 105 level, rally may continue up to 116 & 121 levels and thereafter expect a jump up to 131-133 zone by non-stop. Support at 79 & 86 levels. Below these levels, expect profit booking up to 70 level and thereafter it can tumble up to 62-64 zone by non-stop. Keep a Stop Loss at this zone and buy. Stop Loss is too far on down side.

STOCK FUTURES (NSE):

RELIANCE CAPITAL FUTURES Fall may continue. Negative factor is that, Stop Loss is too far on upper side. Hurdle at 812 level. Selling can be done with a Stop Loss of 819-821 zone. Stop Loss is too far on upper side. Fall may continue up to 795 level on down side. Below 789 & 792 levels, expect panic up to 779-781 zone by non-stop.

INVESTMENT BUY:

PRAJ INDS (NSE Cash) Good looking scrip for 1 Month Holding. Target at 105.70-107.70 zone. Negative Factors: 1 Day: Choppy Trading expected & will rebound from lower levels. 1 Week: Choppy Trading expected & will rebound from lower levels.

Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.

Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter.  Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report."