E-LETTER
DATED: 02 September`2010
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Good morning
"Forgiveness is the fragrance the violet sheds
on the heel that has crushed it." |
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DOLLAR Vs RUPEE
· The rupee ended much higher at close, the reason for this rise was the higher closing of the share markets and a weaker dollar against various currencies overseas. The rupee was at 46.80/81 a dollar compared to the previous close of 47.06/07 a dollar. |
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SENSEX
Predictable High Range: 18216.5 to 18316.51
Predictable Low Range: 18137.76 to 18037.75
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 Bullish Trend: 18281.55
 Bearish Trend: 17972.71
· Conclusion: Sensex {18206) the crucial Support @ 18000 Resistance @ 18260-18356. |
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NIFTY
Predictable High Range: 5482 to 5520
Predictable Low Range: 5456 to 5418
Bullish Trend: 5508.67
Bearish Trend: 5391.33
· Conclusion: Nifty Crucial Support @ 5444-5422-5400 and Resistance @ 5488-5511-5533.
· The 5 days RSI @ 57 and 14 days RSI @ 54
· Trend: NEUTRAL ; Volatility: 16.00
· Nifty {5477.95}: Buy above 5480 sl 5459 Tgt 5492-5504-5525 {or} Sell when stop loss is violated or below the sl keep high of the day as sl for Tgt 5440-5427-5414.
· 5 DMA @ 5435 20 DMA @ 5460 50 DMA @ 5399 200 DMA @ 5178
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BANK NIFTY
Predictable High Range: 10750.5 to 10812.5
Predictable Low Range: 10721.5 to 10659.5
Bullish Trend: 10948.85
Bearish Trend: 10717.06
· Trend: NEUTRAL ; Volatility: 41.00
· Bank Nifty {10892.55}: Buy above 10904 sl 10852 Tgt 10934-10965-11016 {or} Sell when stop loss is violated or below the sl keep high of the day as sl for Tgt 10803-10770-10740. |
CNX IT
Predictable High Range: 6085.18 to 6141.08
Predictable Low Range: 6038.93 to 5983.02
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RELIANCE FUT
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· Trend: BEARISH Volatility: 5.00 FPH: 950.51 FPL: 923.19
 Buy above 945.5 sl 938 Tgt 949-953-959
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TATA STEEL FUT
· Trend: BULLISH Volatility: 4.00 FPH: 544.59 FPL: 524.21
Buy above 541 sl 536 Tgt 543-546-551
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ICICIBANK FUT
· Trend: BULLISH Volatility: 6.00 FPH: 1003.52 FPL: 972.18
Buy above 997.5 sl 990 Tgt 1001-1006-1013 |
Yesterday's News Letter Result
1. Nifty Buy call attained all target.
2. Bank Nifty Buy call attained all targets.
3. Tata motors Fut call not activated.
4. Reliance Fut call not activated.
5. Sbin Bank Fut call attained target. |
· IPO: Coal India Issue Size: N.A Offer Price: N.A Open: 18 Oct'2010 Close: 21 Oct'2010. |
"Our eyes are always the same size from birth, but our nose and ears never stop growing."
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