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Charanwings
e-LETTER
DATED : 19 March `2010
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_ For Any Queries contact us _
Mobile No. : 09052524345,09848969869
chat2charan@yahoo.com
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VISIT US AT : www.charanwings.com
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Good Morning

"To give money in charity is good, but to be a pure and charitable soul is far greater."....
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DOLLAR Vs RUPEE
· The rupee fell at close on Thursday. The reason for this fall was due to the stronger dollar against various currencies
· The rupee was quoting at 45.44/45 a dollar against the previous rate of Rs 45.34/35.
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SENSEX


Predictable High Range: 17533.7 to 17598.96
Predictable Low Range: 17497.31 to 17432.85
Bullish Trend: 17583.63
Bearish Trend: 17382.11
· Trend: BULLISH; Volatility: 0.97%
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NIFTY


Predictable High Range: 5253.28 to 5273.9
Predictable Low Range: 5237.4 to 5216.77
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Bullish Trend: 5266.57
Bearish Trend: 5203.18
· Attractions: Open Interest in March increased with the rise and positive candle which indicates addition of long positions.
· Trend: BULLISH; Volatility: 1.13%
· Intra-day Traders buy above 5257 sl 5238 Tgt 5268-5279-5297 {or} Sell when sl is violated keep days high as stop loss, cover short positions at 5220-5209-5197.
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BANK NIFTY


Predictable High Range: 9269.95 to 9327.73
Predictable Low Range: 9247.48 to 9189.7
Bullish Trend: 9319.03
Bearish Trend: 9140.62
· Attractions: Open Interest in March increased with the rise and positive candle which indicates addition of long positions.
· Trend: If the Close is above 9157 its in Green's...
· Trend: NEUTRAL; Volatility: 1.24%
· Intra-day Traders buy above 9275 sl 9237 Tgt 9297-9320-9357 {or} Sell when sl is violated keep days high as stop loss, cover short positions at 9200-9178-9155.
· Relative Strength: 46.1 Daily Reversal Value: 9157
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CNX IT

· Trend: BULLISH; Volatility: 1.42%
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SBIN


· Trend: Neutral Volatility: 1.52% 50 DMA: 1978.02 200 DMA: 2144.05
Buy above 2031 sl 2019 Tgt 2041-2047-2054
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M&M


· Trend: Bearish Volatility: 4.30% 50 DMA: NA 200 DMA: NA
Buy above 1096 sl 1082 Tgt 1109-1118-1126
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ICICI BANK


· Trend: Bullish Volatility: 3.39% 50 DMA: 878.745 200 DMA: 865.592
Buy above 970 sl 960 Tgt 974-979-988
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Yesterday's News Letter Result

· Nifty Buy Call Achieved Target.
· Bank Nifty Call Target Achieved.
· ICICI Bank Call Target Achieved.
· L&T Call Target Achieved.
· Reliance Call Target Achieved.
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· IPO: PERISISTENT Issue Size: 151.17-168.01 Crores Offer Price: 290-310 Open: 17 Mar'10 Close: 19 Mar'10.
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"The name of all the continents ends with same letter that they start with."
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· To read first Equity News Letter Visit: www.charanwings.com at 11 pm daily.... click on news letter option.
· To read Commodity Buzz News Letter visit: www.charanwings.com at 2.30 pm {afternoon} daily after lme inventory.
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Thursday Our Mega Fantastic Paid SMS Calls Dated: 18 March 2010
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Scrip
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Recommendation
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Profit/Loss
100 Shares/2 Lots
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Comments
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Ster
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Sell at 829 sl 837 Tgt 819
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+1000
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Target Achieved
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Jindal Steel
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Buy at 697.5 sl 693 Tgt 702
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+450
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Target Achieved
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Cnx It
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Long @ 6165 Covered @ 6175
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+1000
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Done
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Cnx It
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Short @ 6130 Covered @
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-3500
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Stop loss
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Telco Fut
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Short @ 780 Covered @ 775
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+8500
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Done
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Punjlloyd Fut
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Short @ 175 Covered @ 172
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+7800
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Done
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Unitech Fut
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Short @ 74.5 Covered @ 73
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+13500
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Done
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+28750
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Total Profit
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