INDIAN STOCK MARKET NEWS LETTER FOR 08/03/2010

N. Karunakaran

Real time Experience in Indian Stock Market Over 17 Year

Cell: 09282150677: SMS Cell: 09841280354 Email: karunakaran@investearn.com

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For 08-March-2010

Market Trend -Short term -Bullish-Intermediate term-Neutral-Long Term-Bearish

Suggested standing placement of fail-safe stops...

 If Weekly Nifty future Long -- exit all contracts at ...  4,667.25

 If Weekly Nifty future Short -- exit all contracts at ...  5,303.25

Weekly NSE Index (C-5088.70) Resistance 5160 5230

Weekly NSE Index Support 5045 4975 4865

Weekly BSE Sensex (C-16994.49) Resistance 17250 17505

Weekly BSE Sensex Support 16840 16590 16185

Weekly Nifty Future (C-5087.55) Resistance 5150 5210

Weekly Nifty Future Support 5055 4995 4905

Weekly Bank Future (C-9054.80) Resistance 9175 9290

Weekly Bank Future Support 8975 8860 8665

Suggested standing placement of fail-safe stops...

 If Daily Nifty future Long -- exit all contracts at ...  4,777.05

 If Daily Nifty future Short -- exit all contracts at ...  5,116.80

Daily NSE Index (C-5088.70) Resistance 5095 5115 5145

Daily NSE Index Support 5065 5040

Daily BSE Sensex (C-16994.49) Resistance 17010 17085 17175

Daily BSE Sensex Support 16920 16845

Daily Nifty Future (C-5087.55) Resistance 5090 5115 5145

Daily Nifty Future Support 5060 5040

Daily Bank Future (C-9054.80) Resistance 9110 9165

Daily Bank Future Support 9035 8980 8910

Short Term Buy Calls

High risk high gain zone with shorter time

HDFC BANK(C-1784): Weekly Chart Looking Strong: Buy around 1761 Target1- 1817, Target2-(Paid):Support1-1728-Support2- 1673

ORIENTAL BANK(C-309.05): Weekly Chart Looking Strong: Buy around 299 Target1-323, Target2-(Paid):Support1-286-Support2-262

ABB(C-822.2 ): Daily Chart Looking Strong: Buy around 815 Target1-832, Target2-(Paid):Support1-805 -Support2-788

HERO HONDA(C-1870.6): Daily Chart Looking Strong: Buy around 1855 Target1-1911, Target2-(Paid):Support1-1815-Support2- 1759

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 Resistance1 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. If any time stop triggered (Buy/Sell) go reverse(buy calls mean go short-Sells call mean go long )- For buy call stop (Support1) triggered- you go short and keep target as Support2 and keep stop as Buy around- For sell call stop triggered(Resistance1)-you go long and seep target as Resistance2 and keep stop Sell around level

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Disclosure:

The analyst and his dependents hold no positions in the stocks/futures where calls are given.