FOR THE COMING WEEK (12-17 April, 2010)

FOR THE COMING WEEK: Indices are likely to face resistance at the 18150-18350-18450/5400-5450-5500 levels. Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17800-17750-17650/5350-5330-5300 levels. Depending on the global cues we expect to see a upward movement from the mentioned supports and the trades could be influenced by strong moves sectorally. Any move until the above mentioned resistances shall be utilized to exit from long positions and look out for a sustainable move. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.

FOR THE DAY (12-04-2010)

FOR THE DAY: Domestic markets are likely to open on a positive note following the positive US markets and Asian indices. Traders are advised to trade long in Nifty above 5380, else from 5350 levels with stop loss placed at 5330 for the targets of 5400 and 5450 levels

Today’s Levels (12-04-2010)

(Last Close : Sensex 17933 : Nifty Spot 5362)
Today’s Levels
Trade long if Sensex sustains above 17900 (Nifty 5349)
[Upper targets/resistances at 17971(5375)/18031(5392) or higher]
Trade short if Sensex fails to sustain above 17971 (Nifty 5375)
[Lower targets/supports at 17900(5349)/17845(5330) or lower]

Good Morning (12-04-2010)

Asian stocks rose after a rescue package for Greece eased concerns a default would slow the global economy, boosting commodity producers, industrial companies and banks.

Indian Market will open in flat to negative note.

NIFTY range would be for the day 5270-5320-5340-5390-5420.

SGX NIFTY is trading at -12 (5355) @ 8:30 IST.

Crude is trading at $85.33. Gold is trading at $1166.5 (Rs. 16824), Rs vs $ is at 44.28.

Calls:
o MAHLIFE
o THERMAX
o MOTHERSUMI
o SHRIRAMEPC
o CCCL
o TIMEX (BSE)
o JAICORP
o VBCFERROQ
o GREAVESCOT
o GESHIP
o HEIDELBERG
Have a nice Trading Day !