Nifty daily range 6260-6350

Nifty closed above 6300, once again giving hope to reach
the high of 6350 along with positive advance-decline
ratio. The trends of all periodicity are favorable for further
upsurge. Meanwhile, for Banking sector to show more
strength, Bankex has to cross 13300 levels. The support
for the day is seen at 20800/6260 while the resistance for
the day is seen at 21100/6350 levels. Rotational
movement among stocks is likely to continue with few
Midcap stocks likely to add flavor to the market.

DIWALI GIFT ST BUY KKCL @548,ACCUMLATE CHAMPDANY ON EVERY DIP TILL 30 FOR 1 YEAR

IDFC is seeing a bullish 5 & 21 crossover coupled with a BUY signal on the RSI. Supports exist around the 204 level. We advise buying IDFC @ 209 with a SL @ 204 and target of 219.

  

The total value of money applied for in the Coal India IPO exceeds the Total Equity Assets Under Management of Indian mutual funds.

ST BUY PIPANAV @87,KOHINOOR @69

The govt plans for revenue sharing , where sugar industry will share sugar upside with the farmers leading to 30 % rise in their incomes.

TODAY CALL EID PARRY REC TO U @445 TIME @10.40 UPTO 10.58 IT WAS TRADED BELWO 450 AFTER 11'CLOCK IT WENT TO 479 SIMPLY UPBY RS 34

BUY SBT@870,BUY AKZOINDIA @937

  

SHORT TERM BUY EIDPARRY @445,BUY MAJESTIC AUTO @150

  

OUR YESTERDAY CALL ACCENT TECH NOW 367 REC @347 UPBY RS 20, FITST LEASING REC @76 NOW 82 UPBY RS 6

TODAY CALL ATFL REC @295 NOW 312 UP RS 17,TATA SPONGE REC ABOVE 354 NOW 377 UP RS 23

  

ST BUY ACCENTTECH @347,FIRST LEASING@76

  

BUY ATFL @295,YSTRDY CALL TATA SPONGE REC @ 354 NOW HGH 372

BUY TATA SPONGE ABVE 354,OUR CALL BAJAJ AUTO FINANCE REC ON 03SEP @ 645 NOW 780 ONLY TODAY UPBY RS100,TOTAL UPBY RS 135

BUY YUKEN ABOVE 244,BUY WEST COAST PAPER @106

SHORT TERM BUY UTTAM SUGAR @47.50,DHAMPUR @67,RENUKA @68..

JINDAL POLY  1002.90>>>>>>>>>>>>>>>>>>>>>>>>>>>>

YESTERDAY CALL HERCULES REC ABOVE 297 TODAY LOW 289 NOW 311,MONDAYCALL TATA STEEL REC ABOVE 527 NOW 545 BOOK PROFIT

JINDAL POLY 984>>>>>>>>>>>>>>>>

SHORT TERM>>>>

ST BUY BAJAJ AUTO FINANCE @ 645,BUY ATLAS CYCLE ABOVE 250,BUY HINDUJA VENTURE>>>>>>>>>>>>

JINDAL POLY 30TH AUG REC @ 807 NOW 958,

ST BUY HERCULES @ 297

JINDAL PHOTO UPBY Rs 10....

Short Term..

Buy JINDAL PHOTO @ 273...

TARGET ACHIEVED!!!!

CALL JINDAL POLY REC ABOVE 807 TODAY LOW 808 NOW 894 UPBY RS 87,AQUA REC ABOVE 624 NOW HIGH 656 

SHORT TERM

BUY JINDAL POLY @ 807,BUY TATASTEEL @527,BUY ABB @ 783

ST BUY GREENPLY @ 192.

Struggle for bulls to take Nifty above 5500 levels has failed
and now they have to save the crucial support of 5400. The
daily trend continues to be down for the 2nd day, however
weekly trend remains up. Though 5400 level is still intact, it is
certainly under threat. A decisive break below that can take
Nifty to 5325 or even 5275 levels. At the same time a move
past 5460 can show recovery of strength. Hence we suggest a
cautious approach at this juncture. Support for the day is seen
at 17900/5375 while resistance is seen at 18200/5460.

Short Term Buy GREAVES COTTON @375, RATNAMANI METAL @133.

FCH buy current level target 310..

Intraday

buy Educomp 614 sl 609 tgt 622-625: Intraday

  

BTST jublfood @ 408 sl 403 tgt 417-419

Nifty weekly range 5275-5450

The Nifty daily trend has been moving up and down while
weekly trend has been able to remain upward and so has
monthly trend. The support for the week is seen near
17600/5275 while the resistance for the week is seen near
18100/5450. Inability of the Nifty to move above 5450
levels has exposed the vulnerability of the markets at higher
levels. We suggest one should look out for selling
opportunities at every rise.

hiiii....