The benchmark Nifty closed the settlement day for December above the 6100 mark for the first time since November 15, led by support from power, capital goods, technology, metal, auto, FMCG and select healthcare companies' shares. HDFC, ICICI Bank, Bharti and Reliance Industries were also on buyers' radar. Indices saw good spike up in last half an hour of trade.
Avoid Financial & Realty stocks . In view of increase in food inflation and inflation RBIs stance to be observed any tightening measures may impact these sectors


Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 6149.
The [R2] or the extreme high trading range is 6108.
The [R1] or the high trading range is 6084.
The [P] or pivot point is 6043.
The [S1] or the low trading range is 6019.
The [S2] or the extreme low trading range is 5978.
The [S3] or the most extreme low trading range is 5954.



Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks
Global CUES

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction






Traders Picks (1-5 days)

CumminsInd Buy above 763 Target1 776 Target2 788 SL 761
Thermax Buy above 865 Target1 874 Target2 887 SL 863
L&T Buy above 1976 Target1 1987 Target2 2000 SL 1975
IOC Buy above 337 Target1 370 Target2 390 SL 334
Adani Ent Buy above 647 Target1 654 Taret2 677 SL 643
Bharat forge Buy above 377 Target1 383 Target2 394 SL 373



Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.
Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Domestic Cues

1.Food inflation at 10-week high of 14.44% , Food inflation stood at 12.13 per cent inthe previous week. This is the fifth consecutive week when the rate of price rise of food items has increased.

2. The growth of six infrastructure industries slowed to 2.3 per cent in November, the lowest in the current fiscal, mainly due to contraction in production of cement and petroleum refinery products. The six core sectors - crude oil, petroleum refineryproducts, coal, electricity, cement and finished steel - had expanded by 5.9 per cent in November 2009.

3.The growth figure for October has been revised upwards to 8.6 per cent from the earlier 7 per cent

4.Inflation for November was at 7.48 per cent, down from 8.58 per cent in the previous month.

5.High food inflation could prompt the Reserve Bank to hike key short-term rates at its policy review next month.

GLOBAL Cues

US Market:

New requests for unemployment benefits fall more than expected. The pace of manufacturing in China slows. Pending home sales are up but still weak.Fears of a global slowdown tempered optimism generated by strong unemployment data from the Labor Department.
The number of first-time filers for jobless benefits fell by 34,000 to 388,000 during the week ended Dec. 25. Economists had expected claims to fall to 416,000.

EU Markets:

European shares closed lower on Thursday, paring some of December's strong gains on the last day of trading in countries including Germany, Spain and Italy, with China growth and euro zone debt concerns weighing on sentiment

Asia pacific:

Japan's Nikkei average ended the year on a sour note on Thursday, pressured by profit-taking as the yen advanced to a fresh seven-week high against the dollar.

Hong Kong stocks were set for a slightly higher open on Thursday as the S&P 500 headed for its best December since 1991, while investors shrugged off fears triggered by China's weekend interest rate rise.


Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Equity benchmarks closed at one and half months highs on the back of buying in financial, metal, FMCG and auto companies shares along with Bharti Airtel, ONGC, TCS, Infosys, NTPC and L&T. The Nifty settled above 6050 level for first time since November 15, 2010 and the Sensex added more than 200 points on Wednesday after a big period consolidation.



Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 6149.
The [R2] or the extreme high trading range is 6108.
The [R1] or the high trading range is 6084.
The [P] or pivot point is 6043.
The [S1] or the low trading range is 6019.
The [S2] or the extreme low trading range is 5978.
The [S3] or the most extreme low trading range is 5954.



Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks
Global CUES

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction






Traders Picks (1-5 days)

M&M BUY above 773 Target1 790 Target2 814 SL 769
TTKPrestige Buy above 1625 Target1 1670 Target2 1792 SL 1624
TTKHealth Buy above 400 Target1 441 Target2 469 SL 395
Mind Tree Buy above 541 Target1 551 Target2 568 SL 536
REC LTD Buy above 289 Target1 299 Target2 306 SL 286



10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Stock Markets :

DJIA 11,585.38 +9.84
Nikkei 10,215.81 -128.73
NASDAQ 2,666.93 +4.05
FTSE 5,996.36 -12.56
S&P 500 1,259.78 +1.27
Hang Seng 22,995.46 +26.16
CRB Index 330.71 -0.72

Bonds
US 10 YR Bond 3.349 -0.142
US 30 YR Bond 4.429 -0.105

Currencies
EUR US$ 1.3241 1.3244
Yen US$ 81.37 81.40
INR US$ 45.04 45.05


Commodities
Gold (Lon) 1412.50 Silver (Lon) 30.440
Gold (NY) 1405.50 Light Crude 91.04



Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :
US market CUES:

NEW YORK - The S&P 500 headed for its best December in
nearly two decades as U.S. stocks advanced in thin trade on
Wednesday, lifted by investor optimism about the economy in
2011.

The Dow Jones industrial average .DJI gained 9.84 points,
or 0.09 percent, to 11,585.38, according to the latest
available figures. The Standard & Poor's 500 Index .SPX
gained 1.29 points, or 0.10 percent, to 1,259.80. The Nasdaq
Composite Index .IXIC gained 4.05 points, or 0.15 percent, to
2,666.93.


European Market Cues:

LONDON - Defensive stocks and banks pulled Britain's top
shares slightly lower by close of trade on Wednesday,
offsetting gains from miners and energy stocks pushed higher by
buoyant commodity prices.

The FTSE 100 .FTSE ended down 12.56 points, or 0.2
percent, at 5,996.36, having closed at a fresh 30-month high on
Friday and above 6,000 for the first time since June 3, 2008.


ASIAN Market Cues :

TOKYO - Japan's Nikkei average dropped 1 percent to a 1
week low on the final trading day of the year on Thursday,
pressured by profit-taking as the yen advanced to a fresh
seven-week high against the dollar.


HONG KONG - Hong Kong stocks were set for a slightly higher
open on Thursday as the S&P 500 headed for its best December
since 1991, while investors shrugged off fears triggered by
China's weekend interest rate rise.


FOREIGN EXCHANGE

TOKYO - The dollar weakened on Thursday, hitting a seven-week
low against the yen and a 28-year low against the Australian
currency after traders took falls in U.S. bond yields as a cue to
sell it.


The dollar slipped to 81.40 yen JPY= , its lowest in seven
weeks and edging closer to a 15-year low of 80.21 yen hit in
November.

The euro stayed near Wednesday's high, changing hands at
$1.3227 EUR= , which corresponds to a 38.2 percent retracement
of its fall from $1.35 to $1.3055 earlier this month.

The Australian dollar hit a fresh 28-year high of $1.1095
AUD=D4 against a broadly weakening dollar.

There has been no signal to enter the market at this time.

The CCI has crossed below 100. Look for falling prices soon.







Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 6039.
The [R2] or the extreme high trading range is 6025
The [R1] or the high trading range is 6010
The [P] or pivot point is 5996
The [S1] or the low trading range is 5981
The [S2] or the extreme low trading range is 5967
The [S3] or the most extreme low trading range is 5953



Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks
Global CUES

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

US Market Cues: WEAK

Stocks struggled Tuesday after reports on consumer confidence and home prices fell short of expectations.The Conference

Board's Consumer Confidence Index fell to 52.5 in December from 54.3 in November. Economists had expected the gauge to riseto 56.1.

The S&P/Case-Shiller 20-city home price index, which tracks home values in major U.S. cities, fell 0.8% in October.

Economists had expected prices to increase by 0.1%, according to Briefing.com. In September, the index rose 0.4%, revised from 0.6%.

Consumers' labor market assessment worsened. The "jobs hard to get" index rose to 46.8 percent in December from 46.3 percent last month, while the "jobs plentiful" index dropped to 3.9 percent from 4.3 percent.

Despite the consumer confidence data, U.S. retail sales rose in the week before Christmas as shoppers hurried to finish their gift-buying, putting holiday sales on track to hit the high end of estimates.

Data released on Tuesday by the International Council of Shopping Centers and Goldman Sachs showed retail sales rose 4.8 percent for the week ended December 25 compared to the year-earlier period.

European market Cues:Neutral

European shares closed higher in thin holiday trade on Tuesday, partially retracing the previous session's selloff and adding modestly to the December rally.

Volumes were still extremely low, however, at just a quarter of the 30-day average, with many traders' books closed for theyear, while a UK holiday and bad weather in the U.S. northeast further thinned-out trading floors.

Cheap equity market valuations should continue to support the market heading into the new year, although economic headwinds remain


World Market Cues: Neutral

Hong Kong's Hang Seng and London’s FTSE were closed for holidays. Japan's Nikkei shed 0.6%, while the DAX in Frankfurt was little changed.

Japan's Nikkei average slipped 0.6 percent on Tuesday as falls in Chinese shares and a slightly firmer yen prompted light profit-taking, but it was supported by strong Japanese output data and healthy technical signals.


Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction






Traders Picks (1-5 days)

Ajanta pharm Buy above 209 Target 229 Target2 240 SL 207
Alfalaval Buy above 1210 Target 1231 Target2 1260 SL 1208
Bajaj Finserv Buy above 465 Target 479 Target2 488 SL 464



Momentum Picks (1-3 days)

Bartronics Buy above 91 Target1 97 Target2 112 SL 89
zylog systems Buy above 398 Target 416 Target2 429 SL 397
UBL Buy above 501 Target 546 Target2 544 SL 492


10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Key benchmark indices edged lower in volatile trade after a weekend interest rate hike from China pulled stocks in China and Europe lower








Next Trading Day:
Protective stop = 6023
Trading Range ----> High = 6032 Low = 5957

Next Day Pivot Point ----> 6011

The [R3] or the most extreme high trading range is 6086
The [R2] or the extreme high trading range is 6066
The [R1] or the high trading range is 6032
The [P] or pivot point is 6011
The [S1] or the low trading range is 5977
The [S2] or the extreme low trading range is 5957.
The [S3] or the most extreme low trading range is 5922.

Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.
Traders Call - Day Trading
Wealth Builder - Long Term Picks
10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction







Traders Picks (1-5 days)


Godrejcp Buy above 395 Target1 419 Target2 437 SL 392
Educomp Buy above 526 Target1 539 Target2 550 SL 521
NMDC Buy above 268 Target1 279 Target2 295 SL 261


Momentum Picks (1-3 days)
BataIndia Buy above 347 Target1 354 Target2 371 SL346
Siemens Buy above 809 Target1 824 Target2 849 SL 805
REC LTD Buy above 292 Target1 306 Target2 316 SL 289


Postional Picks(short term)

Symbol: BHARTIARTL
Our reco : ==> Maintain long position. Stop at 322. This could rise up to 381 or to 404. Current price reflects strong consolidation here!
Next Day Trading Range.. High: 353 Low: 341
Next Day Breakout Points High: 359 Low: 333

Price Projections....... 1st: 381 2nd: 404

Symbol: CIPLA
Market is holding above the 362 level. Our Reco : ==> Maintain long position. Stop at 347. This could rise up to 388 or to 412. NOTE: A consolidation of price movement or a price correction may be underway.
Next Day Trading Range.. High: 368 Low: 356
Next Day Breakout Points High: 373 Low: 350

Price Projections....... 1st: 388 2nd: 412

Symbol: GUJRATGAS
Our Reco: ==> Maintain long position. The resistance level of 411 was broken on Dec-21-2010. Stop at 388. THis could rise up to 429 or to 456. Current close reflects strong consolidation here!
Next Day Trading Range.. High: 405 Low: 391
Next Day Breakout Points High: 410 Low: 382

Price Projections....... 1st: 429 2nd: 456

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Market Outlook :
On Dec-23-2010 a candlestick formation confirmed a sell signal.Watch out for commodities Stocks , good for shorting as a result of China raising the interest rates .

Our Recommendation: ==> Maintain short position. Stop at 6023. December 24th price reflects reflects strong consolidation here!


Next Trading Day: Key Resistence & Supports
Protective stop = 6023
Trading Range ----> High = 6039 Low = 5962

Next Day Pivot Point ----> 5989
The [R3] or the most extreme high trading range is 6116
The [R2] or the extreme high trading range is 6066
The [R1] or the high trading range is 6039
The [P] or pivot point is 5989
The [S1] or the low trading range is 5962
The [S2] or the extreme low trading range is 5912
The [S3] or the most extreme low trading range is 5885


In this particular case if the price rises above 6066 then that would show momentum against Our short position and that would be a break out to the upside.
If the next day's close is below 5918 then that could be a sign that new downward momentum is beginning.
Alternate stop: 5944

Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

World market cues:

China's central bank raised interest rates on Christmas Day, moving sooner than many analysts and market participants had expected to ramp up its campaign to combat inflation.

Sectors most at risk of a leg down are commodity-related firms, which have outperformed this quarter as commodity and energy prices have rallied into the year-end.

US market Cues:

Initial jobless claims for the week ended December 18 were also out ahead of the open. They totaled 420,000, which is in step with the 424,000 initial claims that had been expected and down slightly from the tally of 423,000 that was recorded for the previous week.

In yet another sign the U.S. economy may be on the road to recovery, the Consumer Confidence Index released this week is expected to rise to its highest reading since May. Consumer Sentiment Survey, which improved slightly to a five-month best of 74.5, up from 74.2.

New home sales were a bit disappointing. They increase 5.5% in November to an annualized rate of 290,000, but that was still a bit less than the rate of 300,000 that had been expected.

European Cues :

London and European equity markets climbed on Friday, with the FTSE 100 in London closing above 6,000 for the first time since June 2008, in a shortened session as investors and traders prepared for the holiday getaway

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction







Traders Picks (1-5 days)

Areva T&D Buy above 323 Target1 332 Target2 337 SL 319
Godrejcp Buy above 395 Target1 419 Target2 437 SL 392
Educomp Buy above 526 Target1 539 Target2 550 SL 521


Momentum Picks (1-3 days)
Rcom Buy above 143 Target1 149 Target2 158 SL 141
REL infra Buy above 815 Target1 838 Target2 861 SL 806
Siemens Buy above 809 Target1 824 Target2 849 SL 805
REC LTD Buy above 292 Target1 306 Target2 316 SL 289


Postional Picks(short term)

Symbol: BHARTIARTL
Our reco : ==> Maintain long position. Stop at 322. This could rise up to 381 or to 404. Current price reflects strong consolidation here!
Next Day Trading Range.. High: 353 Low: 341
Next Day Breakout Points High: 359 Low: 333

Price Projections....... 1st: 381 2nd: 404

Symbol: CIPLA
Market is holding above the 362 level. Our Reco : ==> Maintain long position. Stop at 347. This could rise up to 388 or to 412. NOTE: A consolidation of price movement or a price correction may be underway.
Next Day Trading Range.. High: 368 Low: 356
Next Day Breakout Points High: 373 Low: 350

Price Projections....... 1st: 388 2nd: 412

Symbol: GUJRATGAS
Our Reco: ==> Maintain long position. The resistance level of 411 was broken on Dec-21-2010. Stop at 388. THis could rise up to 429 or to 456. Current close reflects strong consolidation here!
Next Day Trading Range.. High: 405 Low: 391
Next Day Breakout Points High: 410 Low: 382

Price Projections....... 1st: 429 2nd: 456
10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Market Outlook

On Dec-23-2010 a candlestick formation confirmed a sell signal.

Our Reco: ==> Sell this contract at 5868 or better. Stop at 6023.




Next Day Trading Ranges : Key Resistences (R) and support aread for 24th dec 2010

The [R3] or the most extreme high trading range is 6044.
The [R2] or the extreme high trading range is 6025.
The [R1] or the high trading range is 6002.
The [P] or pivot point is 5983.
The [S1] or the low trading range is 5960.
The [S2] or the extreme low trading range is 5941.
The [S3] or the most extreme low trading range is 5919.

In this particular case if the price rises above 6025 then that would show momentum against Our short position and that would be a break out to the upside.

No signs of downward momentum at this time.

If the next day's close is below 5913 then that could be a sign that new downward momentum is beginning.

Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction






Traders Picks
ABB - Buy above 805 Tarter 819 Target2 835 SL 803
HCL TECH - Buy above 455 Target 461 Target2 466 SL 452
SELAN EXP - Buy above 416 Target 421 Target2 441 SL 413
JUBLFOOD - Buy above 597 Target 611 Target2 628 SL 595

Momentum Picks
Orient bank Buy above 416 Target 423 Target2 431 SL 412
ABAN buy above 750 Target 766 Target2 800 SL 747

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Stop of 6007 was reached on Dec-22-2010.

The second wave may be near completion. Look for a third wave to form soon.







Key Resistences (R) and support(S) to be watched for tommorrow

The [R3] or the most extreme high trading range is 6085
The [R2] or the extreme high trading range is 6054
The [R1] or the high trading range is 6019
The [P] or pivot point is 5988
The [S1] or the low trading range is 5953
The [S2] or the extreme low trading range is 5922
The [S3] or the most extreme low trading range is 5887


Momentum is continuing upward at the present time.

Next Day Trading Session:
If the next day's close is below 5861 then that could be a sign that the current upward momentum is reversing.

Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.
Traders Call - Day Trading
Wealth Builder - Long Term Picks

Global Cues:

US market:

Stocks managed modest gains today, but the market's December performance is shaping up as the best in at least a decade.
Boosting the market were gains in bank, utility and energy shares -- and hopes for a decent economy in 2011. Real-estate and homebuilding shares were higher after a better-than-expected report on existing-home sales for November.

crude oil settled above $90 a barrel for the first time since October 2008. That pushed airline shares lower. Tech shares were weaker, too.

Financials continue to outperform

Dollar trades in quiet fashion before easing into red at day's end

Final third quarter GDP estimate shows economy expanded slightly more than previously reported, but not as much as had been expected

Trading volume dwindles into year's end



Europe

Banks boosted Britain's top share index by midday on Wednesday, helped by reports China is ready to buy Portuguese bonds which eased European debt concerns.

The euro rose to the day's high versus the dollar on Wednesday on a Portuguese newspaper report suggesting China was ready to buy Portuguese debt.




10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction






Traders Pick

ABAN buy above 746 Target 753 Target2 772 Stop Loss 740
Buy M&M above 756 Target1 790 Target2 832 Stop Los753

Momentum Picks

Buy MOTHERSUMI Symbol: MOTHERSUMI

On Dec-22-2010 a candlestick formation confirmed a buy signal. Our Reco: ==> Buy this contract at 187 or better. Stop at 183.5. This could rise up to 226 or to 248
NOTE: A consolidation of price movement or a price correction may be underway.

Next Day Trading Range.. High: 189 Low: 183- Day trading Range
Next Day Breakout Points High: 192. Low: 180.5
Price Projections....... 1st: 226. 2nd: 248. - Mid term price projections

Buy NESTLEIND Symbol: NESTLEIND

A buy signal was confirmed when this contract closed above 3652 on Dec-22-2010. Our Reco: ==> Buy this contract at 3841 or better. This could rise up to 4600 or to 5017.
Day Trading Range.. High: 3723 Low: 3589 - day Trading Next Day Breakout Points High: 3778 Low: 3510
Price Projections....... 1st: 4600 2nd: 5017 - Mid term


Positioanl

Long BHARTIARTL Symbol: BHARTIARTL

Our Reco: ==> Maintain long position. This could rise up to 381.5000 or to 404.1100. The resistance level of 337 was broken when prices closed above the bottom pitchfork line. The market has moved back into the trading channel. This strong consolidation here can be expected at this range
Day Trading Range.. High: 347 Low: 336 Intraday
Next Day Breakout Points High: 350.8 Low: 329.
Price Projections....... 1st: 381.5 2nd: 404. Mid term

Long BOC Symbol: BOC

A buy signal was confirmed when this contract closed above 314 on Dec-14-2010. Our Reco: ==> Maintain long position.
This could rise up to 353 or to 373 .
NOTE: Upward trend shows some strength with today's close above the upper pivot band.This commodity or security is overboughtat his time.
Resistance level of 329 was broken today. Look for a possible rise to the next resistance level.

Next Day Trading Range.. High: 332 Low: 326 Intraday
Next Day Breakout Points High: 334 Low: 322
Price Projections....... 1st: 353 2nd: 373 Mid term

Long HINDALCO Symbol: HINDALCO

On Nov-30-2010 a candlestick formation confirmed a buy signal. OUr Reco: ==> Maintain long position. This could rise up to 292.7000 or to 330.2060. The resistance level of 235.3070 was broken when prices closed above the middle pitchfork line. The market seems to be gaining strength.

NOTE: This is a very strong bullish sign with the upper pivot band rising higher and with today's close above the upper pivot band. The CCI is above 100. This commodity or security is overbought at this time.

Next Day Trading Range.. High: 240 Low: 234 Intraday
Next Day Breakout Points High: 242 Low: 231

Price Projections....... 1st: 292 2nd: 330 Mid term

Long UTVSOF Symbol: UTVSOF

On Dec-13-2010 a candlestick formation confirmed a buy signal. OUr Reco: ==> Maintain long position. . This could rise up to 666.1000 or to 728.4200. This may consoidate at this evel ! The CCI is above 100. This commodity or security is overbought at this time.

Next Day Trading Range.. High: 580 Low: 560 Intraday
Next Day Breakout Points High: 592 Low: 552

Price Projections....... 1st: 666 2nd: 728 mid term


10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

Market Outlook Dec 22, 2010

market started postive and touched the 6000 mark on Nifty and closed at 6000 mark led by the banking stocks recovery,important Resistance level of 5963 was broken today.




Next Day Trading Ranges for Wednesday Dec 22, 2010

Protective stop = 6007
Trading Range ---- High = 6018 Low = 5971
Next Day Pivot Point ---- 5989

The 20 day moving average of the daily trading range is 109 and the 60 day moving average of the daily trading range is 92. This shows that volatility has increased in the short term.

The [R2] most extreme high trading range on upside is 6066
The [R2] or the extreme high trading range is 6036
The [R1] or the high trading range is 6018
The [P] or pivot point is 5989
The [S1] or the low trading range is 5971
The [S2] or the extreme low trading range is 5941
The [S3] or the most extreme low trading range is 5923
if the price rises above 6036.7837 then that would show momentum against short position and that would be a break out to the upside.

Click on Traders Call for Day Trading recomandations .
Click on the wealth builder - for long term investment Picks.

Traders Call - Day Trading
Wealth Builder - Long Term Picks

US market Cues:
Stocks advanced on Tuesday as solid earnings and a flurry of merger action laid the foundation for a steady upward trend in the equities market that investors potentially see accelerating,Stock indexes hit new highs after topping key technical resistance levels. The S&P 500 has rallied more than 6 percent to two-year highs this month and was up around 22.6 percent from closing lows this year.

European market Cues:

Britain's top share index held firm around midday on Tuesday, led by strength in commodity shares and a bounce by banks, though volumes were thin as the Christmas holidays approached.

Yesterdays Recos Performance Update .

ARSS buy @ 773 High 835k Profit - appx 60 Rs
UBL buy @ 484 High 502 profit - appx 18 rs
GSSamerica buy @174 High 180.9 Proift - appx 6 Rs - Upper Circuit

Total Profit - appx 84 Rs intraday.

Book 50% profit and hold on the positions

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :

4 Golden Rules for Trading.

1. Go long when market breadth is positive .
2. Strictly adhere to the Stop losses.
3. Profit to be taken as early as possible.
4. Book 50% profit when call runs in your direction



Traders Picks :(1 - 3 days)

Chettinad Buy above 537 Target 553 Target2 561 SL 529
TV 18 Buy above 895 Target 922 SL 889
UB Holdings Buy above 284 Target 299 SL 282

Momentum Picks

Hindalco Buy above 233 Target 241 Target2 257 Stop Loss 230
Tech mahindra Buy Above 690 Target 736 Target2 762 Stop Loss 687
ICICI bank Buy Above 1137 Target 1150 Target2 1173 Stop Loss 1132
IDBI bank Buy ABove 166.5 Target 177 Target2 191 Stop Loss 163

10 %, 20%,30%,40%,50%,60%,70%,80%,90% is done..Our target 100% .
Happy Investing
Previous Posts :