23/03/2010

Global Market Update 8.29am on 22/03/10 Dow up 0.4%, Nasdaq up 0.9%. On 23/03/10 SGX Nifty up 33 points


Outlook for Today - Markets to open in the green but could later witness some volatility ahead of derivtivies expiry on Thursday


Nifty to be in a range support at 5187-5152 and resistance at 5269, fresh buy only above 5269. Reality stocks are negative, pharma stocks are positive


Buy Voltas Ltd. LTP Rs.176 stop loss Rs.171 target Rs.184-187


Nifty faces resistance at 5300 levels
Time 2 go long on fixed income side


NIFTY OPTION- BUY NIFTY 5200CE AT OPEN BELL ADD AT DIPS SL 5180 ON SPOT WILL BE UPDATED (OR) BUY NIFTY 5200 CE IF NIFTY FUT TRADES ABOVE 5210 BOOK FAST PROFITS AT 5240/5250/HIGHER SL 5180 ON NIFTY FUTURE


Buy CIPLA at 337.70 .TGT Rate 347 TGT Date 25-Mar SL 333


CIPLA 341.80 BOOK PART PROFIT


Sell BHARTIARTL at 307.50 .TGT Rate 298 TGT


BHARTI 306.80 PL LOWER AND MAINTAIN STRICT STOP LOSS OF 309.20


BHARTI 306.80 PL LOWER AND MAINTAIN STRICT STOP LOSS OF 308 IF TRIGGERS THEN EXIT SHORT CALL

Technical Picks Buy Dish TV between Rs.37 - Rs.37.50 Target Rs.40 in 2-5 days. Stop Loss = Rs.36.40 on closing basis

Buy UCO Bank fut between Rs.56.30 and Rs.56.80 Target Rs.60 in 1-3 days. Stop Loss = Rs.55.50


Technical Picks Buy EMMBI POLYGONS between Rs.21.50 and Rs.23 Target Rs.26 in 2 - 3 days. Stop Loss = Rs.21


Technical Picks Buy HAVELLS INDIA between Rs.570 and Rs.580 Target Rs.615 in 2 - 3 days. Stop Loss = Rs.568


Technical Picks Buy Cipla between Rs.341 - 330 Target Rs.366 in 1-2 weeks. Stop Loss = Rs.326

SELL STK FUT:
ICICIBANK 942 T 928 hit 924!
SBIN 2047 T 2026 hit 2022!
STER 822 T 814 hit 814.10!



Pick of the Day Buy DIVIS LAB between Rs.647 - Rs.657 Target of Rs.705 in 2 - 3 days. Stop Loss = Rs.642



The markets are likely to trade in a range of 5200-5260. The trading strategy
would be to go long at about 5200 levels for targets of 5230 and 5250 SL 5175. One can
also initiate shorts if the Nifty is unable to sustain 5250 levels.YESTERDAY NIFTY RESPECTED OUR LEVEL 5180 FROM 5180 IT ZOOOMED 75 POINTS SOLID PROFITS. TODAY WATCH ON . DONT MISS IT WILL BE UPDATED.