Alert :-- Please do not hold any long position and go home, any time bears will attack. So please be alert now.
Weekly & two weekly targets came flat , if Nifty Spot trade above the level of 4361,4429 & Sensex---14457, 14764 then Nifty Spot can go up to the level of 4586 to 4827 & Sensex---15272 to 16087 but if Nifty Spot go to break the level of 4221, 4183 & Sensex----13952, 13947 then Nifty Spot can below at the level of 3996 to 3785 & Sensex 13137 to 12624.
Please keep in mind these targets when do trade.
This time market is in the trading zone or in the range bound zone, if Nifty Spot cross the weekly target of 4429 & continuously give the closing for 2 days then it can go up to the level of 4586 & here RSI 5 DMA, 10 DMA will reach in over bought condition, so long position will be the very dangerous on these levels. When up trend come in the bearish market then should be sold continuously on upper levels because only one bad news also can give the sharp fall in the market & that time it’s very difficult to cut the position on time.
Today if Nifty Future trade above the level of 4397 then it can go up to the level of 4514, 4580 to 4640 but if Nifty Future goes to break the level of 4397 then it can go below the level of 4309, 4171 to 3966.
SENSEX-in the next few days index has resistance at 15130-15390-15688 if index gives two close above 15688 then we may see profit-booking rally to 15798 to 16159.
While support at 14161-13830-13727.
NIFTY FUT -strong resistance at 4460 if index gives two close above that levels then expect price to reach to 4515-4556 from that levels use this as profit booking rally 4600-4655 between this levels we advise to go short in nifty fu with stop loss of 4750 and start buying 4000 put options.
Always remember last week RED ALERT that index has broken triangle of 1078 points-any time correction on card so be prepare for the correction as this is bear market rally.
Resistance:4455,4490,4550,4670.
Support :4345,4290,4230,4185,4130
NIFTY FUTURE PIVOT 4339
If sensex close below 14660 on Monday or Tuesday then expect the bull market over.
POSITIONAL RISKY : Short Nifty Futures between 4600-4660 with stop loss of 4750.
Exit from all power stock on every rise –a big correction on card.
Hedge position in selling lots of rcom and sci with buy of idfc.
Remember bear market rally.
GLOBAL MARKET CHECK-
Keep levels in mind of DOW JONES and NASDAQ of the last week report.
HANG SENG formed bearish engulfing on weekly charts if index close above 22250 on weekly basis then expect good bounce.
SHANGHAI formed bearish engulfing on weekly charts if it close above 2732 on weekly basis then good bounce.
DATE ANNOUNCEMENT
4th August Personal income / Personal spending / Factory order
5th August Ism report / FOMC policy statement
6th August Crude oil inventory / Consumer credit
7th August Pending home sales data
8th August Productivity / Wholsale Inventory data
Last 3 month FII is Net seller & now their selling is stop 4m last some days in current scenario, buy on a decline &sell on rally is GOOD
Suzlon, GMRINFRA, & PUNJLOYD look good on Charts for short term and could see some more upside
Stocks which are looking good for short term are IFCI, JPASSOCIATES,ISPATIND, INFOSYS and RNRL
Stocks in bull hands :With the change of pluto into aries:astroeye predicts SUGAR,PETROLEUM(OIL),MEDIA and FINANCIAL STOCKS will outperform
Daily Target:-
NIFTY
Buy Above 4370 Sl 4355 T 4385/ 4465/4540
Sell Below 4355 Sl 4395 T 4310
RPL BUY ABOVE 168 TGT 173
Buy SIEMENS Abv 577 SL 564 T 610
Buy SESAGOA Abv 3520 Sl 3095 T 4300
Buy GMR Abv 100 Sl 97 T 107
UNITECH BUY ABOVE 166 SL 162 TGT 174
BANK NIFTY BUY ABOVE 5800 SL 5700 TGT 6200
RIL BUY ABOVE 2250 SL 2200 TGT 2350
RELCAPITAL BUY ABOVE 1325 SL 1300 TGT 1379,1413
AXISBANK BUY ABOVE 665 SL 649 TGT 701/724
GMRINFRA BUY ABOVE 95 SL 91 TGT 104
Sell BIOCON Below @ 382 Target 364-343 to 333.
Sell HLL Below @ 234 Target 227-218 to 214.
Sell M&M Below @ 520 Target 483-444 to 424.
Sell RCOM Below @ 427 Target 358-284 to 247.
Sell TATAELEXEI Below @ 169 Target 157-146 to 140.
Sell VSNL Below @ 446 Target 418-388 to 373.
Buy BHEL Above @ 1756 Target 1824-1887 to 2045.
Buy CMC Above @ 516 Target 531-549 to 590.
Buy GUJAMBUJA Above @ 83 Target 85-86 to 90.
Buy MTNL Above @ 109 Target 113-118 to 128.
Buy ONGC Above @ 1003 Target 1018-1035 to 1075.
Buy PATNI Above @ 213 Target 217-220 to 228.
Buy RANBAXY Above @ 512 Target 527-543 to 580.
Buy STER Above @ 633 Target 647-659 to 691.
Buy Punjlloyd abv 276, Stoploss 272, target 280,286
Buy DLF abv 500, Stoploss 495, target 515,530
Buy ksk energy with sl of 166 tgt 177-185Buy hdfc bank sl 1090 tgt 1140.
Buy dlf sl 509-500 tgt 536-545.
Buy satyam com sl 384 tgt 400-409.
Buy Nalco-good news on Monday
Buy RNRL on all dips for a target of RS:110,115,120
Buy BAJAJHIND on dips for a tgt of 170,180
FOR FUTURE TRADERS-
Sell reliance communication “island reversal “ formation keep sl of 490 and short with tgt of 400 and 385.
Sell shipping corporation-bullish engulfing –sell with sl of 239 on closing basis and tgt of 219-214.
Buy idfc –bearish engulfing –buy with sl of 88 and tgt of 102-106-111.
SHORT TERM DELIVERY BASED-
Buy abb keep sl of 781 and tgt of 817-850
Buy hdfc bank with sl of 1080 tgt 1118-1150-1191.
Buy idfc-same levels as above.
Buy Indian bank-sl 90 tgt 116-127.
Buy bank bees
buy: TATA SPONGE Buy Arnd 230 keep strict sl below 218.5 Possible TGT 255-265
Likely Breakout in Bata
Recommended at 153
Cmp : 157
Target : 180 and 200
Buy: SesaGoa
CMP : 3483
Time : 4-6 Days
EX Bonus/Spit Date : 08-AUG-08 ; Record Date :18-AUG-08
RPG LIFE SCINCES Ltd Trading in BSE & NSE at 30/- in B Group.Target 95/- for short term & 150/- for Long Term. Safe Investment at 30/-
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