Markets For 10-12-2008

NIFTY FUTURE (Cmp : 2790.95)

Resistance : 2815-25 / 2850-60 / 2895 / 2925

Support : 2755-45 / 2730 / 2700

NIFTY (Cmp : 2784) : The Support is at 2600 & Resistance at 2860-2935

Resistance : 2790 / 2830 / 2865 / 2890 / 2920-35

Support : 2745 / 2720-10 / 2685 / 2665 / 2640-30 / 2600

SENSEX (Cmp : 9162.62) : Support level of 8700 & Resistance level at 9700.

Resistance : 9230 / 9365 / 9570 / 9700

Support : 9025 / 8890 / 8700

BANK NIFTY (Cmp : 4432.65)

Resistance : 4475 / 4550 / 4660

Support : 4360 / 4290

MKT COMMENTS

NIFTY FUT OI up 12.23% with 3% increasing volumes indicating forming of fresh short positions at higher levels.

NIFTY SPOT below 2760 looks more weak.

Opening is flat to up,

Stay long above 2790-95,Sl Below 2765,Tgt 2810-15 / 2830-40 / 2865 / 2900 / 2940

Sustain below 2760-55,Sell with Sl Above 2785 tgt 2745 / 2710 / 2695-85 / 2640 / 2570

RCOM ( 207)

Buy @ 200/205, SL 198,Tgt 210/ 213/215,If sustain above then 220.

RIL ( 1120)

Buy @ 1110/1090,Sl 1075,Tgt 1140/1150/1165,Above it 1180-1185 is also possible same day.

Buy HEROHONDA Above @ 795,Tgt 810-825-830,SL-785

BUY UNITECH ON EVERY DEEP FOR TGT OF 40.

DLF LIMITED(C-221.55)

Looking Strong: Buy Around 218 Target-231,Support-209/196.

NTPC LTD(C-166.4 )

Looking Strong:Buy Above 170 Target-200,Sl 150.

HIND LEVER(C-240.4)

Looking Strong:Buy Above 255 Target1-300,Sl 225.

POWER FIN CORP LTD(C-114.75)

Looking Strong:Buy Above 120 Target1-140,Sl 100

Buy Relcapital above 470 ( 1-3 Days)

NEYVELILIG : CMP DEC FUTURE 56.10

For today trading buy it with sl 54.60 for the target 57.60, 58.75,60 levels. On down side below 54.60 supports exist at 53.45,52 levels.

Buy BHARTI Above 703,Sl 700,Tgt 710/715/725+

Buy ITC Above 168,Sl 165,Tgt 170/175/180++

Sell BOB Below @ 253,Tgt 250-245-240-225,SL-255.

Sell BOMDYEING Below @ 160,Tgt 155-150-130,SL-165.

Sell CMC Below @ 332,Tgt 329-325-310,SL-335.

Sell COLGATE Below @ 395,Tgt 390-380-360,SL-400.

Sell HPCL Below @ 220,Tgt 215-205-190.SL-225.

Tata Powers (687) Sell with stop loss below 670 tgt-695-708.

Sell SATYAMCOMP Below 220

Sell KOTAK MAHINDRA BANK Below 350,Sl 355,Tgt 335/330

Scrip	Trigger	Price	Stop Loss	Target 1	Target 2
NTPC	BUY ABOVE	168.10	166.60	169.95	172.60
	SELL BELOW	164.45	165.90	162.65	160.10
IVRCLINFRA	BUY ABOVE	136.05	134.85	137.55	139.70
	SELL BELOW	133.10	134.30	131.65	129.60

SBI (1168) :

Buy @ 1160/1140,Sl 1130,Tgt 1175/1190/1210

Or

Sell @ 1200/1215,Sl 1230,Tgt 1175/1155

ASTROLOGICALLY

US Markets
Astrologically, US Markets may show bullish tendencies on 09th and 11th of coming month after initial decline .However Stock Markets are expected to Remain volatile during this week.

US Dollar/ Indian Rupee ( USDINR)
Astrologically, Indian Rupee is expected to remain strong till 10th December 2008. Indian Rupee will weaken on 11th December Short Term traders can take position accordingly with 2-3 Weeks time horizon in mind.

Crude Oil / Gold / Silver / Copper
Crude Oil continued it's downward journey to touch a Low of US$40.5. Oil may continue its downward march or Consolidation pattern till 12th December and then start moving up. As already stated, Crude Oil is preparing for Multi-week rally which is likely to Take Crude Oil Prices to US$65 and 87 in coming weeks.. As mentioned last week - Gold and Silver may attract profit booking till 05th/06th. Now Gold is preparing for a Short Rally between 15th-25th December. Silver may be rise on 09th December and will attract Profit Booking 10th & 12th while there .

NCDEX

Commodity	Contract	S2	S1	Ltp	R1	R2	View
Barley	April' 09	1000	1025	1052.6	1070	1090	Sell below 1040,Sl 1050,Tgt 1020-1000 OR Sell Ard 1090-95,Sl 1100,Tgt 1080
Castor Seed	Jan' 09	473	477	479	484	488	Sell Below 477,Sl 479,Tgt 474-73/ Close Below 460 in coming days OR Sell Ard 486-487,Sl 488,Tgt 483-480
Chilli	Dec' 08	4950	5015	5099	5170	5240	Sell Below 5090,Sl 5105,Tgt 5010-5000 OR Sell Ard 5225-35,Sl 5240,Tgt 5200-180
Undecorded Cotton (Akola)	Jan' 09	424	429	433.8	440	443.5	Sell Below 433,Sl 435,Tgt 430-429/424 OR Sell Ard 442-442.5,Sl 443,Tgt 440-438
Guar Gum	Jan' 09	3350	3400	3456	3520	3580	Sell Below 3450,Sl 3465,Tgt 3420-3400/3370/below new down rally OR Sell Ard 3588-95,Sl 3600,Tgt 3560-40
Guar Seed	Jan' 09	1425	1445	1460	1480	1505	Sell Below 1455,Sl 1465,Tgt 1445/ Sustain Close Below potential towards 1350-25 in coming days OR Sell Ard 1498-1500,Sl 1505,Tgt 1485-75
Gur	Jan' 09	696	704	711.6	720	730	Buy Abv 712,Sl 708,Tgt 716/720 OR Buy Ard 694-695,Sl 693,Tgt 698-702
Jeera	Jan' 09	10450	10550	10602	10775	10900	Buy Only Abv 10775,Sl 10720,Tgt 10900-975 OR Sell Below 10550,Sl 10615,Tgt 10450/10350
Kapas SN	April' 09	473.5	476.5	482	488	494.5	Sell Below 478,Sl 480,Tgt 473.5/467-66/462.5/Below down rally OR Buy Abv 488,S/L 485,Tgt Towards 494-498 in coming days
Maize	Jan' 09	800	813	822	828	835	Sell Below 813,S/L 820,Tgt 800-790 OR Sell Ard 840-42,Sl 845,Tgt 834-828
Pepper	Jan' 09	10425	10550	10615	10750	10900	Sell Below 10550,Sl 10650,Tgt 10450/ Sustain Close Below 10550 towards 9800 in coming days OR Sell Ard 10810-830,Sl 10850,Tgt 10760-710
RM Seed Jaipur	Jan' 09	563	570	574.2	579	586	Sell Below 570,Sl 573,Tgt 565-563/towards 556/Sustain Close Below towards 543-537 in coming days OR Sell Ard 585.5-586,Sl 587,Tgt 582-579

Happy & Safe Trading