Markets For 22-12-2008

Market View –22.12.2008

On the Monday ,Opening is flat to up,

Stay Long Above 3085,Sl Below 3070,Tgt 3115-3130-3145-3170-3190-3220++,

Sustain Below 3060,Sell with Sl Above 3075,Tgt 3040-3000-2980-2895-2845.

(Risk Traders Keep Sl Below 3045 & Sell Below 3045)

NIFTY Weak Below 2990,Instead Buy NIFTY 3000PE Jan Series to Hedge

NSE INDEX (C-3077.50) : Nifty main trend is bullish but book profiting on higher level of 3200 also possible. Advised to buy on dip strategies.

Resistance : 3110-20 / 3145/ 3190
Support : 3070 / 3040 / 3025 / 3000 / 2935

BSE SENSEX (C-10099.91)

Resistance : 10200-250 / 10300/ 10420
Support : 10090 / 9995 / 9920 / 9890 / 9765 / 9460

NIFTY FUTURE (C-3082.40)

Resistance : 3095 / 3120 / 3150-60
Support : 3075 / 3050-40 / 3020 / 2995

BANK FUTURE (C-5156.05)

Resistance : 5160 / 5250 / 5330
Support 5070 / 4985 / 4500

With the Transition of Sun,BROKERAGE and NBFC stocks like INDIAINFO,EDELWEISS,IDFC,Etc will outperform in coming week

TIME SERIES AND OUR ADVANCE ASTROLOGY SAYS WE WILL HAVE CORRECTION FROM 23 DECEMBER-SO PLEASE TRY TO EXIT FROM MKT AT HIGHER LEVEL

Bullish Stocks 4 Jan Series
United Spirit,Reliance,Tata Steel,GVK,CoreProj,Pantaloon,Chambal Fertilisers & Chemicals Ltd,,Voltas Ltd.

DLF TGT 400+, GVKPIL TGT 27+,CAIRN TGT 130---- , POWERGRID TGT 88+,GTL INFRA TGT 38+,GLENMARK PHARMA TGT 240---- , AXIS BANK TGT 575+

Stock Watch for Monday : Polaris Software Lab Ltd,
BSE Code: 532254, NSE Code: POLARIS.

ONGC

Initiate Buy @ CMP or Dips Maintain a Stoploss Below 680

Reliance Natural Resources Ltd.

Maintain Buy Above 58

ADLABS (188.50): This stock looking strong up move we advised to Buy Only Above 190-195 level for 3-5 days hardly.

Buy ICICI bank above 480

Buy TATACOMM Above 515-520

TATA POWER(741 ):Buy with Sl Below 729,Tgt 758-772

Buy SIEMENS Above 290,Sl 280,Tgt 300/305/310/320++

Buy TITAN Above 985,Tgt 1020/1040,Sl Below 970
Buy VOLTAS Above 58,Tgt 63/67,Sl 55
Buy SUN TV Above 165,Tgt 175/180/185,Sl 163

Buy IB REAL Above 160,Tgt 165-175-185,Sl 150
Buy VOLTAS Above 58,Tgt 63-65-70,Sl 55
Buy IOC Above 420,Tgt 450-480-490,SL 395

Buy IDBI 70,Sl 67,Tgt 74/78
Buy HDIL Above 170,Tgt 190/205,Sl 155

Buy ASIANPAINT Above @ 900,Tgt 925-950-1005,Sl 892

Buy BHEL Above @ 1445,Tgt 1470-1495-1510,Sl 1435

Buy COLGATE Above @ 405,Tgt 410-415-420,Sl 400

Sell CMC Below @ 315,Tgt 305-295-275,SL-320

Sell HDFC BANK Below @ 1045,Tgt 1030-1000-995,SL-1056

Sell HEROHONDA Below @ 825,Tgt 810-795-765,SL-830.

HIND UNILEVER

Buy Above 269,Sl 266,Tgt 271/276+

Sell Below 263.Sl 266,Tgt 259/254+

ROLTA

Buy Above 128,Sl 127,Tgt 130/133

Sell Below 126,Sl 127,Tgt 124/121

DEC FUTURE SERIES

BUY IOC 420CA,Tgt 500 (POSITIONAL)

ESSAROIL ( 93.65) : Buy,Sl 90.2,Tgt 96.5/98.55/99/102+++ levels

RIL (1349) : Buy @ 1325/30,Sl 1309,Tgt 1360/1375

TATAPOWER (736.9) : Buy @ 720/25,Sl 715,Tgt 735/750/765

TATA MOTOR (179.3) : Buy @ 176,Sl 169,Tgt 185/195

GMR Infra Buy @ 71/72,Sl 69,Tgt 72.7/73.4/74-75/76-77.8 (Lot Size 1250)

Buy PUNJ Above 170,Sl 164,Tgt 185+

Buy OBC (Close: 155)

POWER GRID CORP(C-83.5): Daily Chart Looking Strong.Buy Around 82.5,Tgt 87++,Support 81/78

UNITECH(C-44.25): Daily Chart Looking Strong: Buy Around 42.3,Tgt 47++,Support 40/35

SATYAM COMPUTER(C- 162.7): Weekly Chart Looking Weak: Sell Around 182,Tgt 132++,Resistance 213/263

GTL Sell @ 205/207,Sl 212,Tgt 204/202-201/198-197/194/190/188 (Lot Size 750)

GOLD

Resistance : 843.00/849.70/851.50/855.10/865.60/883.40/908.60/914.00

Support : 829.20/826.70/824.40/820.50/816.00/812.40/807.30/803.00.

CRUDE

Resistance & Buy : 43.44/43.75/44.52/44.97/46.10/46.93/47.14/47.46/49.07/50.54/51.00/52.01/53.61/55.04/57.24/63

Support : 40.90/38.00

Happy Investing.