AT A GLANCE
CONTENT IN THE JOURNAL GLOBAL INDICES MARKET/ NIFTY VIEW WITH SUPPORTS AND RESISTANCE. INTRADAY RECOMMENDATION INTRADAY RECOMMENDATION (PAST WEEK PERFORMANCE ) TRADING STYLE OF MOST WANTED STOCKS. SECTOR WISE BREAKOUT & BREAKDOWN LEVELS. PAST WEEK RETURN AS PER JOURNAL TRADING SPOTLIGHT. HAPPY TRADING AHEAD.
GLOBAL INDICES
NIFTY CHART (WEEKLY VIEW)
NIFTY (26th OCT 2009 TO 1st DEC 2009) 5064 vs. 4964 RELIANCE vs MARUTI,SBI,INFOSYS
WE HAVE WRITTEN IN OUR PREVIOUS WEEKLY JOURNAL, PROFIT BOOKING TO BE CONTINUED .NOW THE QUESTION IS THAT IS THIS ONLY PROFIT BOOKING OR SHORT TERM CORRECTION ? READ BELOW TO GET THIS ANSWER.
BEHAVIOUR OF NIFTY IN LAST WEEK IN THE LAST WEEK NIFTY WAS IN A RANGE OF 5182-4968. FROM THE PAST RECORD IT WAS SEEN THAT IN OCTOBER, MARKET IS NOT FABOURABLE FOR BULLS.AFTER DEWALI MARKET CORRECTED SHARPLY AND PROFIT BOOKING SEEN IN THE MARKET.HOWEVER NIFTY MANAGED TO CLOSE ABOVE THE 4495 MARK AND MADE A HIGH AROUND 5182 AND FINALLY CLOSED AT 4997.05. THOUGH PROFIT BOOKING SEEN IN THE MARKET BUT AT THE END OF THE WEEK MARKET CLOSED ABOVE VITAL SUPPORT.
WHAT THE CHART SAYS AS PER TECHNICAL POINT OF VIEW MARKET CLOSED IN BETWEEN TWO VITAL LEVELS LIKE 5064 AND 4964.SO IT IS DIFFICLUT TO SAY WHAT NIFTY ACTUALLY DO IN NEXT WEEK.BUT UNLESS NIFTY CLOSE BELOW 4889 WE ARE SAFE AND WE WILL TREATE THIS FALL AS PROFIT BOOING AND NOT AS CORRECTION. SO BUY ON DIPS STRATEGY IS APPLICABLE UPTO 4889. NOW UNDERSTAND THE MARKET VERY CAREFULLY POINT BY POINT-
SUPPORT SIDE1) VITAL SUPPORT 4965.UNLESS BREAKS NO PROBLEM FOR BULLS 2) IF BREAK 4965 THEN MARKET LIKELY TO TEST 4945 AND 4920.THIS TWO LEVELS ARE GOOD BUYING ZONE. 3) WE ARE AGREE TO BUY ON DIPS AT THESE TWO LEVELS AS RISK REWARD RATIO IS FAVOURABLE.
4) READ THIS POINT CAREFULLY, 4889 IS LAST HOPE FOR BULLS AND BREAKS BELOW IT THERE IS A POSSIBILITY TO ANOTHER DOWN TREND CYCLE.
RESISTANCE SIDE
1) 5032 IS VITAL RESISTANCE 2) TRADE ABOVE 5064 YOU WILL GET FIRST SYMPTOM THAT MARKET LIKELY TO GO UP AND RELIEF RALLY COMING IN 3) FOR UP MOVE CONFIRMATION MARKET NEEDS TO CLOSE ABOVE 5118 ZONE.
TREND DECIDER TREND DECIDER MEANS A CERTAIN LEVEL ABOVE WHICH MARKET LOOKS GOOD (APPARENTLY BUT NOT CONFIRMED) AND BELOW WHICH MARKET LOOKS BAD (APPARENTLY BUT NOT CONFIRMED). NIFTY TREND IS 4995.ABOVE WHICH UPTREND IS INTACT AND PEOPLE LIKE TO BUY ON DIPS BUT BELOW IT PEOPLE ARE NOT INTERESTED TO BUY, THEREFORE MARKET LOSES ITS MOMENTUM.
SUMMERY Market trading range- 4945-5118 For upmove confirmation closing needed above 5118 zone For down side confirmation closeing below 4889 zone. Profit booking zone 5064 with a stop loss 5072. (As selling /profit booking expected from 5064.So book profit and wait for dips) Buying zone 4970-4940 zones with a stop loss 4889
READ CAREFULLY YOUR STRATEGY MARKET IS IN OVOESOLD POSION AND LIKELY TO REBOND, SO YOU HAVE TO BUY ON DIPS KEEPING STOP LOSS 4889 AND EXIT AT HIGHERE LEVELS UNLESS CLOSE ABOVE 5118 ZONE.JUST TAKE THE ADVANTAGE OF BOUNCE BACK. THIS TIME WE WILL NOT OVEREXPOSED IN THE MARKET AT HIGHER LEVELS. IF MARKET NOT ABLE TO CLOSE ABOVE 5200 LEVELS AGAIN OR UNABLE TO CREATE A NEW HIGH ,THIS MAY CREATE MAJOR ISSUE FOR CORRECTION AND WE WILL UPDATE THIS TIME TO TIME IN THE MID WEEK OR NEXT WEEK.
R E L I A N C E ? ? ? - RELIANCE,THE MARKET LEADER CORRECTED SHARPLY AND YOU HAVE TO UNDERSTAND THE STOCK TO UNDERSTAND THE MARKET BETTER.SHORT TERM CHART OF RELIANCE IS VERY WEEK.AS IT IS OVERSOLD,SOME SORT OF BOUNCE BACK EXPETED FROM IT AND THIS WOULD BE EXIT OPPORTUNITY AND YOU WILL GET THE STOCK MORE LOWER.THE CHART SAYS THAT 2030 IS STRONG SUPPORT AND UNLESS BREEAKS 2005 THE STOCK WILL REBOUND. FOR UP MOVE THE STOCK WILL RESIST AT 2097 LEVELS.UNLESS CLOSE ABOVE 2154 RELINCE IS IN DANGER ZONE AND PROFIT BOOKING EXPECTED FROM THIS STOCK AT EVERY HIGH.
POSITIVE SIDE
NEGATIVE SIDE
NIFTY CLOSED ABOVE VITAL RESISTANCE 4995 ZONE.
RELIANCE STOCK NOT PARTICIPIATED.
FIIs & DIIs CASH INFLOW SATISFACTORY.
ADVANCE DECLINE RATIO NOT SATISFACTORY.
MARKET IS IN OVERSOLD
WEEKLY LOWER CLOSING
IT STOCK MOVING UP
MONTHLY LOWER CLOSING
HOT STOCK FOR 26.10.2009 STOCK NAME JUBILANT KIRLOSOIL SHRIRAMEPC GWALCHEM SELMCL
% GAIN
? ? ? ? ?
AFTER VERIVYING GLOBAL CUES WE WILL SEND YOU BUY/SELLING AND STOP LOSS IN YOUR MOBILE.
TRADING STYLE OF MOST WANTED STOCKS (WEEKLY VIEW) (It is not recommended to buy/sell just manage your portfolio if you hold these stocks)
SL
STOCKS NAME
TRADIN G RANGE
BREAKOU T LEVEL
BREAKDOW N LEVEL
1
CHAMBL
50-56
58
48
2
GVKPIL
49-53
55
48
3
HCC
126-135
138
122
4
IFCI
51-56
58
50
5
JPASSOCIAT
228-247
248
222
6
JPHYDRO
72-82
84
78
7
NAGARFER
30-35
36
28
8
RPL
-
-
-
9
RNRL
82-87
88
80
10
ROLTA
185-206
196
184
11
SAIL
180-188
182
178
12
SATYAM
105-115
117
103
13
SESAGOA
317-343
322
310
14
SUZLON
80-90
92
78
15
UNITECH
94-104
106
92
NB
THE SUPPORTS AND RESISTANCE GIVEN ON WEEKLY BASIS.REMEMBER THE CONDITIONS-
1) BREAKOUT AND BREAKDOWN VALID FOR CLOSING BASIS. 2) WE ARE NOT GONING TO RECOMMENDEND THIS STOCK TO INVEST, JUST MANAGE YOUR STOCKS IF YOU HAVE FOLLOWING THE LEVEL GIVEN. 3) BREAKOUT AND BREAKDOWN SUBJET TO NIFTY CONDITION THAT MEANS IF NIFTY IS IN BREAKDOWN LEVEL BUT STOCK IS IN BREAKOUT LEVEL ,THEN THE BREAKOUT WOULD NOT BE VALID AND VICE VERSA
MANAGE YOUR CAPITAL THESE STOCKS ARE GIVEN, SECTOR WISE.THESE STOCKS WHICH HAVE ALREADY TAKEN BREAKOUT/BREAKDOWN OR GOING TO TAKE BREAKOUT / BREAKDOWN AS IN THE CASE MAY BE, TO UNDERSTAND THE MARKET BREATH .SO YOU HAVE TO BUY ABOVE OR NEAR AT OUR BREAKOUT LEVEL KEEPING THE BREAKDOWN LEVEL AS STOPLOSS OR SELL BELOW THE BREAKDOWN LEVEL KEEPING BREAKOUT LEVELS AS STOPLOSS TO PROTECT YOUR FUND.
SCRIPS
BREAKOUT
M&M MARUTI HEROHONDA TATAMOTORS BAJAJ AUTO
918 1510 1610 535 1490
SCRIPS
BREAKOUT
AXISBANK ICICIBANK KOTAKBANK SBI
1001 911 810 2385
AUTO SECTOR BREKDOWN 885 1470 1572 525 1425
THE AUTO SECTOR IS IN OVERSOLD ZONE AND NEED TO TRADE ABOVE OUR BREAKOUT LEVELS TO GO HIGHER.THIS SECTOR LOOKS GOOD
BANK SECTOR BREKDOWN 970 886 785 2315
REMARK
REMARK
LOOKING WEEK AND PROFIT BOOKING EXPECTED ON RISE.BUY.NEED TO PERFORM TO HELP THE MARKET TO GO UP.
SCRIPS
BREAKOUT
TATASTEEL JSWSTEEL STER BHUSANSTL
458 732 678 1044
METAL SECTOR BREKDOWN 422 700 638 1010
BREAKOUT
TCS HCLTECH INFOSYS PATNI
531 314 2240 448
SCRIPS
BREAKOUT
ACC
784
750
GRASIM
2206
2100
SCRIPS
BREAKOUT
OVERBOUGHT AND NOT LOOKING STRONG.PROFIT BOOKING ALREADY STARTED.SO FRESH BUYING NOT ALLOWED AT THE CURRENT PRICE.
IT SECTOR BREKDOWN
SCRIPS
514 306 2212 435
REMARK
REMARK
LOOKING STRONG. ALREADY ABOVE OUR BREAKOUT LEVELSSTARTED.SO SECTOR IS IN UPTREND.
CEMENT SECTOR BREKDOWN
REMARK
THIS SECTOR IS IN OVERSOLD ZONE AND NEED TO TRADE ABOVE OUR BREAKOUT LEVELS TO GO HIGHER.
REALITY SECTOR BREKDOWN REMARK
HDIL DLF IBREALEST
390 445 284
368 430 270
THIS SECTOR IS IN UPTREND AND IT IS ADVISABLE TO BOOK PROFIT AT HIGH LEVELS
CLOSE EYE ON THE BREKOUT LEVELS OF THE RED MARK STOCKS
LAST WEEK PERFORMACE(short term calls) (WEEKLY BASIS) STOCKS NAME
% UP
BATAIDIA
CONSOLIDATING
CENTRALBANK
CONSOLIDATING
ROHLTD
4% 6.3 %
CANDC
21.5 %
PTC
As trading session was shorter in previous week all stocks were not performed .It will take time to go up.
THIS WE ARE NOT GIVING DELIVERY T HIS WEEK, LETS THE MARKET BE STABLE OR TAKE REBOUND.
CAUTION ALL THESE BUYING LEVELS ARE VALID AND BUYING IS ALLOWED UNTIL NIFTY ABOVE 488 4889 LEVEL.
WHY YOU JOIN WITH “ISMTEAM” 1
WE WILL TRY OUR BEST TO MAKE YOU PROFIT.
2
WE WILL PROVIDE OUR SERVICE AT AFFORTABLE PRICE.
3
YOU WILL GET MARKET MOVEMENT OR NIFTY SUPPORTS AND RESITANCE DAILY TO MAKE YOU UNDERSTAND MARKET CONDITION.
4
AT OPENING YOU WILL GET INTRADAY STOCK WITH BUYING AND SELLING /TARGET LEVEL AND WITH STOP LOSS.
5
DURING MARKET, YOU WILL GET NIFTY ALERT AND STOCK MOVEMENT/CALLS.
6
AT THE END YOU WILL GET BTST CALLS.
7
YOU WILL GET SHORT TERM DELIVERY CALLS IN OUR JOURNAL.
8
IF YOU WANT TO BUY/SELL ANY STOCK THEN MAIL US AND WE WILL GUIDE YOU INSTANTLY WITH BUYING AND SELLING LEVEL. DON’T WORRY,WE ARE WITH YOU TO GUIDE YOU BEST