REPORT 28-04-2009

 

NIFTY- VIEW: (3470)   -11 POINTS_ 

 

 

Nifty movement should be considered in between these important figures:

 

2830/40 ß 2880 ß 2950 ß 3030ß 3111/3150 ß 3210//30 ß 3300   ( Lower side )

 

à 3450//80 à 3560-75 ( Upper Side )

 

Intra day trading levels ( For Tuesday)(Cash Nifty)

 

Resistances are-- Above 3476-3495--3515à3527-3546-3580

Supports are – Below   3464—3445 à 3425-3413-3394--3380

 

Intra week levels ( Cash Nifty )

 

Resistances are   -- 3550 –3610—3640—3690

Supports are –         3400 à 3350-3320--3260

 

STOCKS TO WATCH ONLY FOR 28-04-09

 

Nifty Future Daily (3466):-Below 3459 support at 3435. If it breaks below that, then  other Important supports are 3412—3397-3373.

 

On the upper side 3473-3497 are the resistance zone. If NF maintains above that then upper hurdles are 3520—3535-3559.

 

CNX Bank Index Daily (5174):-Below 5154 support at 5089. If it breaks below that, then  other Important supports are 5024—4984—4919.

 

On the upper side 5194-5259 are the resistance zone. If NF maintains above that then upper hurdles are 5324-5364-5429

For  intraday assistance, incase of narrow view of the following stocks , please go through our Excel Sheet

 

As an Intraday trade

Note: In case of major down trend of the market, negative trend  continues after 2:30—2:50 p.m.  then  buy only on dips as a low risk strategy should not be applicable.

 

Similarly

In case of major up trend of the market, positive trend  continues after 2:30—2:50 p.m.  then  Sell only at higher levels as a low risk strategy should not be considered.

 

NIFTY (Cash ) (3470)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

3476  SL—3450  Trg—3488/95—3514--3535

3464 SL 3485

only sustains below 3444 then Trg 3425—14

3515-3535

3430-3410

  SL- 3378

3560—sl--3576

 

  Reliance Ind (1785)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

1785/89 sl—1760

Trg—1796—1808--1817

1773/71—sl--1796

Trg—1760—54--43

1818-28

1754--1743

  SL 1717

 

  sl--1855

 

 

 

 

 

AXIS BANK(557)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

561  sl—542  Trg—573—84--91

545/42 sl-561  Trg—530---23—12.

585-91

530-23

 

 SL  511

sl—603

 

 

HDFC (1808)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

1814  sl--1795

Trg-1825—35—50

 

1795  sl—1814  Trg..1780—57

1836-60

1755-43

   sl—1703

  sl--1894

 

REL INFRA (711)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

714  sl--695

Trg—721—31

701  sl—715  Trg—695—83--676

726-45

676-654

   SL 664

  sl--757

               

REL CAP (532)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

542/45  sl--529

Trg—550-55—61.

529- SL—545 Trg.-519—09—03.

555--68

506--492

   SL-485

  sl--571

 

ICICI BANK (467)

High Risk trading strategy

Medium risk trading strategy

Low Risk trading strategy

Break out buy above

Breakdown Sell below

Minor resistance

Minor support

Buy only on  dips

Sell only at  higher levels

472  SL—457  Trg—478 & only sustains above that next trg 488.

457—sl--472 Trg—446-442--31-

488--504

431--421

 SL-410

sl--513

 

Forthcoming Results of important stocks

April 28, 2009

AB NUVO

BIOCON

CADILA

FSL

ING VYSYA BANK

MALCO

STC

THOMAS COOK

UTV SOFT

GSK PHARMA

STERLITE

IDFC

For intraday trading  of other momentum stocks, please go through our several Excel Sheets.

 

Contrarian trading buys in a bearish market

 

NO CALLS

 

Disclaimer: -

At the time of writing this article, I, my family members and my group companies do not have any position in the   above mentioned  stocks . These  stocks have   been recommended to our clients and they may be holding long or short positions in these  stocks.

 

 Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities.  The information contained herein is not a complete analysis of every material fact representing the company, industry or security. The views expressed may change. However, prices can move up as well as down due to a number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility (or liability) for the accuracy of the above contents and also   any investment decision or trading decision taken by readers and clients on the basis of information contained herein.

 

 Short Term Target Means – Approximately 3 –4 weeks. If the target is not met within 3-4 weeks then please exit the positions.

 

Medium Term Target Means – Approximately 2 –3 months. If the target is not met within 2-3 months then please exit the positions

 

 Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk  - reward ratio vis–a–vis  the stop loss is favourable for taking a position. Individual traders /investors should book profit depending on their risk bearing capacity and need not wait for the targets.