INDIAN STOCK MARKET NEWS LETTER FOR 21/07/2008
Karunakaran
Experience in Indian Stock Market Over 15 Year
Cell: 09282150677: SMS Cell: 09841280354 Email: karunakaran@investearn.com
For details about our services details kindly visit Http://www.InvestEarn.com
Our SMS Calls on 18/07/2008
Our service users will be receiving both cash and F&O levels.
Position calls
NTPC future above 168 target 171 182 stop 165:18/07/2008 02:48:18 PM
Call entered and in intra day touched 173.25. First target achieved in intra day itself
Gail future above 370 target 375 395 410 stop 363:18/07/2008 02:21:55 PM
Call entered and in intra day touched 379.50. First target achieved in intra day itself
Neyveli lignite future above 103 target 104.50 110 stop 100:18/07/2008 02:11:05 PM
Call entered and in intra day touched 103.65
Ivrcl infra future above 311 target 321 350 stop 305:18/07/2008 02:05:17 PM
Call entered and in intra day touched 315.80
Current market View: Market now under triangle formation. Nifty fut above 3951 target 3990. Below 3905 target 3875 3815 3710:18/07/2008 01:01:10 PM
Buy Call entered and in intra day touched 4101. Target achieved in intra day itself
DLF future above 420 target 423 435 455 stop 405:18/07/2008 11:16:58 AM
Call entered and in intra day touched 438.55. Two targets achieved in intra day itself
GNFC future above 107.50 target 108.90 113 117 stop 104.75:18/07/2008 11:11:51 AM
Call not yet entered
Nagarjuna fert future above 31.65 target 32.25 34 stop 30.60:18/07/2008 11:08:16 AM
Call not yet entered
Hcl tech future below 204.50 target 202 190 175 stop 212:18/07/2008 10:54:16 AM
Call entered and in intra day touched 198.30. First target achieved in intra day itself
Intra day Calls
RPL future below 146.40 target 141.75 132 stop 148.75:18/07/2008 12:05:23 PM
Call not yet entered
SBI future above 1245 target 1257 1285 1313 stop 1230:18/07/2008 11:50:27 AM
Call entered and in intra day touched 1304. Almost full target achieved in intra day itself
And many more calls in our Daily/Weekly News letter
You can call us during Trading hours about our calls
For 21-July- 2007
Market Trend -Short term -Bullish Intermediate term- Neutral Long Term-Bearish
Weekly NSE Index (C-4092.25) Resistance 4210 4330
Weekly NSE Index Support 4000 3880 3675
Weekly BSE Sensex (C-13635.40) Resistance 13850 14070-Exit all short positions
Weekly BSE Sensex Support 13470 13255 12880
Weekly Nifty Future (C-4077.65) Resistance 4115-Exit all shorts 4205 4335
Weekly Nifty Future Support 3980 3855 3635
Daily NSE Index (C-4092.25) Resistance 4160 4230
Daily NSE Index Support 4045 3975 3855
Daily BSE Sensex (C-13635.40) Resistance 14045 14450
Daily BSE Sensex Support 13275 12870 12105
Daily Nifty Future (C-4077.65) Resistance 4115-Exit all shorts 4150 4225
Daily Nifty Future Support 4025 3955 3835
Hot Deliveries Buy Calls
Low risk high gain zone with little longer time
STATE BANK (C-1299.65): Daily Chart Looking Strong: Buy around 1275 Target1-1334, Target2-1500 :Support1-1241-Support2-1181
ONGC CORPN (C-944): Daily Chart Looking Strong: Buy around 931 Target1-963, Target2-(Paid):Support1-913 -Support2-881
Short Term Buy Calls
High risk high gain zone with shorter time
ICICI BANK (C-617.45): Daily Chart Looking Strong: Buy around 600 Target1-641, Target2-(Paid):Support1-577 -Support2-536
Short Term Sell Calls
High risk high gain zone with shorter time
INFOSYS TECH (C-1547.4 ): Weekly Chart Looking Weak: Sell around 1573 Target1-1477, Target2-(Paid):Resistance1-1644-Resistance2-1740
WIPRO LTD (C-366.25): Weekly Chart Looking Weak: Sell around 379 Target1-343, Target2-(Paid):Resistance1-402-Resistance2-438
TATA STEEL (C-592.65): Daily Chart Looking Strong: Sell around 595 Target1-581, Target2-(Paid):Resistance1-607-Resistance2-622
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As per our level, the trader should take BUY position just around our buy around level and keep the stop of Support1 level and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at buy around level .Similarly if price goes around our Sell around level the trader should SELL and keep the Rresistance1 as Stop and the first target would be Target1.If Target1 is crossed then Target2 becomes the next target with the stop at Sell around level __________________________________________________________________________________________________________________________
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Disclosure:
The analyst and his dependents hold no positions in the stocks/futures where calls are given.
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DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. |