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.