27 TH DECEMBER 2010
MARKET STOCK SPECIFIC
NIFTY RANGE 5980-6080
BUY SPICE MOBILITY CMP 103 STOP 100 TARGET 113
WE WILL BOOK PROFIT TODAY IN
SURESHOT CALL
R.COM 140 CALL
BOUGHT AT 1.90 STOP 1
BOOKED AT ?
BUMPER PROFIT AGAIN
A BLOCK BUSTER REALESE OF MONDAY
JACKPOT CALL
????
CMP 7 STOP 6
TARGET 35
TIME FRAME 1-3 MONTHS
We all watched the Breaking News on News channels and web-sites. Now the reality is that the world markets are at 3 year high despite economic slowdown. Now the worst is behind for US and Europe. Emerging markets like China, Brazil are on the verge of breakout. Rest is up to you to calculate. Most of the market participants are on holiday. So no major selling expected. As a customary mutual funds will buy to soar up the NAV for the year end.
The virtual indicator of world financial markets S&P index yesterday closed at new high amidst economic slowdown and during holiday season when most of the world fund managers are on long holiday trip. What does this indicate? Smart money is doing front running ahead of a Bull Run. Rest is up to you to decide on which side of the trade you should be.
MARKET today will open flat and remain choppy in the first half. It will become volatile in the second half and face technical resistance at 5950, 5990 and support at 5880, 5850. NIFTY will play in the range for some time trying to break-out. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 5990 with volume may see NIFTY testing earlier highs of 6040 levels. Since Nifty in the range 5800-6040 both Bulls and Bear will check-mate each other, the end result volatile market. Hence trade with alert eye and keep your stop handy.
NIFTY RANGE of today: 5880-5990.
We all watched the Breaking News on News channels and web-sites. Now the reality is that the world markets are at 2 year high despite economic slowdown. And where are Indian markets with 9 % strong growth.
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Now markets becoming volatile and unpredictable small investors are again rethinking their decision to enter the market. From 2009 till now small investors stayed away from market while the market moved from 8000 to 20000. The data shows HNI, PRIVATE EQUITY & HNI’S is creating huge portfolio in Indian stock markets.
MARKET today will open flat to positive and will remain volatile in the first half and face technical resistance at 6040, 6080 and support at 5940. NIFTY will play in the range for some time trying to break-out. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 6040 with volume may see NIFTY testing earlier highs of 6100 levels.
The most important thing, stay light and trade intraday with strict stop loss for the next 2 days. Dollar index is weakening, just watch 80 level for the further trend.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 5940-6040.
Nifty futures made a phenomenal rally last week on the back of the relentless buying by FIIs. The market close was near the highs too. Now the question is whether the market will be able to sustain the last week’s run rate in this week too. Even though the Ultimate Momentum Signal system do not involve any forecasting or prediction of targets and it just keeps the positions as such until exited by the application of system rules, let’s revisit the post dated 16th September in which the immediate target was arrived at. According to the good old simple gap theory of the technical analysis, the target remains at the 4950 to 4960 area. And the market may reach the said target in the early part of the new week.
MARKET today will open flat and will remain range-bound in the first half and will be volatile in the second half. It may face technical resistance at 5880, 5900 and support at 5800, 5780. NIFTY will play in the range for some time trying to break-out. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 5920 with volume may see NIFTY testing earlier highs of 6100 levels.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 5780-5880.
The RBI announced 25 and 50 basis point ( 100 basis points = 1 % ) hikes in the repo and reverse repo rates. ( Repo is the process through which RBI lends to the banks against collateral of government securities in the very short term and Reverse repo is the process through which banks can keep excess liquidity with the RBI in the very short term. )
Now let’s try to calculate an immediate target to the current rally.
The markets had a stupendous rally in the last ten trading days. In fact the trading range of the last ten days has a span of almost 500 points. Now, the question is whether the time to take a breather has arrived ?
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