 Charanwings
e-LETTER
DATED : 12 March `2010
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Good Morning
"An ant may well destroy a whole dam"....
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DOLLAR Vs RUPEE
· The rupee ended down against the US dollar on Thursday due to dollar demand by banks. The rupee ended at 45.60/61 a dollar compared with 45.3500 a dollar on Wednesday. |
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SENSEX
Predictable High Range: 17191.52 to 17271.91
Predictable Low Range: 17158.23 to 17077.84
 Bullish Trend: 17258.8
 Bearish Trend: 17010.55
· Trend: BULLISH; Volatility: 0.90%
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NIFTY
Predictable High Range: 5145 to 5172.75
Predictable Low Range: 5142.45 to 5114.7
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Bullish Trend: 5172.7
Bearish Trend: 5087
· Attractions: Open Interest in March increased with the rise and positive candle which indicates addition of long positions at the end of the day.
· Trend: BULLISH; Volatility: 0.94%
· Intra-day Traders buy above 5147 sl 5129 Tgt 5157-5168-5186 {or} Sell when sl is violated keep days high as stop loss, cover short positions at 5111-5100-5090.
· Support @ 5035-4966 Resistance @ 5160-5184 50 DMA: 5022-4984 200 DMA: 4784-4707 |
BANK NIFTY
Predictable High Range: 9203.02 to 9268.95
Predictable Low Range: 9169.45 to 9103.52
Bullish Trend: 9255.06
Bearish Trend: 9051.49
· Attractions: Open Interest in March increased with the rise and positive candle which indicates addition of long positions at the end of the day.
· Conclusion: The close is until below 9072 it's in greens.
· Trend: BULLISH; Volatility: 1.28%
· Intra-day Traders buy above 9204 sl 9164 Tgt 9288-9252-9291 {or} Sell when sl is violated keep days high as stop loss, cover short positions at 9126-9101-9077. |
CNX IT
· Trend: BULLISH; Volatility: 1.17%
· The long view level 5900 is crucial for Cnx IT is the short term. If it fails to move above this level, then it is likely to see a short term correction towards 5300 level. Instead, if it trades above 5900, then it could test 6150
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AXIS BANK
· Trend: Bullish Volatility: 3.81% 50 DMA: 1098.70 200 DMA: 991.702
 Buy above 1157 sl 1144 Tgt 1164-1172-1184
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MARUTI
· Trend: Bearish Volatility: 2.43% 50 DMA: 1414.97 200 DMA: 1505
Buy above 1470 sl 1455 Tgt 1480-88-96
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EDUCOMP
· Trend: Bullish Volatility: 2.74% 50 DMA: 690.283 200 DMA: 789.758
Buy above 733 sl 725 Tgt 736-741-78
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Yesterday's News Letter Result
· Nifty Achieved Target.
· Bank Nifty Target Achieved
· Reliance Achieved Target.
· M&M call not Matured.
· Hdil Achieved Target. |
· FPO: NMDC Issue Size: 9967.3-11628.5 Crores Offer Price: 300-350 Open: 10 Mar'10 Close: 12 Mar'10.
· IPO: PRADIP OVERSEA Issue Size: 106-116.60 Crores Offer Price: 100-110 Open: 11 Mar'10 Close: 15 Mar'10
· IPO: IL&FS TRANSPORT Issue Size: 700 Crores Offer Price: 242-258 Open: 11 Mar'10 Close: 15 Mar'10 |
"Wearing Headphones for just an hour will increase the bacteria in your EAR by 700 times" ..... |
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