Indian Share Market Tips

Now everything in the hands of Congress Lead government… Really we couldn’t understand how govt. expect GDP growth to be at 8.5%... Govt. freed petrol prices, which now impacts higher input cost for many industries… When automobile, steel, textiles like sectors facing heavy problem by this fuel price de-regulation… Also they are not ready to take strict steps to keep food price under control – because they are not capable to handle political pressures… When everything goes like this, how this Government expects GDP growth at 8.50%... It seems they are making fool everyone…

ROADMAP FOR INTRADAY TRADING IN NIFTY FUTURE:

JUST READ IT CAREFULLY AND FOLLOW THE LEVELS ,HOPEFULLY, ALL WILL BE WELL.

AS MARKET OPENS FOR TRADING WATCH 5380/5406 ZONE.. IF BREAKS 5380 AND UNABLE TO GET PAST 5406,DRIFTING DOWN MAY CONTINUE TILL 5357/53350. EXPECT IT TO REMAIN WEAK TILL IT CAN DEAL WITH 5406 MINIMUM. BELOW 5350 IT WILL HAVE TARGET 5330. IF BREAKS AND SUSTAINS BELOW 5330 THEN SLIDE TOWARDS 5275/5270 POSSIBLE. 5270 IS MEANINGFUL LEVEL AND AS SUCH SUPPORT AROUND 5270 IS POSSIBLE. BREAK OF 5270 CAN DRAG IT DOWN TO 5205.

ONLY IF SUSTAINS ABOVE 5406 FOR 5 MINUTES, THEN UP MOVE WILL GO THROUGH 2ND RESISTANCE ZONE WHICH IS 5425/5445/5462. SO FAR THIS UP MOVE IS PART OF RELIEF RALLY AND CAN HAPPEN. 

ASSUMING THAT EVEN 5462 IS CROSSED THEN 5488/5506 IS MAJOR HURDLE ,WATCH OUT.

IF SUSTAINS ABOVE 5506 FOR 5 MINUTES THEN SURGE UP TO 5535,5566 CAN ALSO HAPPEN.

IF MARKET MOVES UP ,WHERE TO EXPECT SUDDEN PROFIT BOOKING AND ONSET OF FRESH SELLING.

IF NF ENTERS 5447/5488 ZONE ,BUT UNABLE TO HOLD, AND BREAKS DOWN BELOW 5442(1ST SIGNAL) AND THEN 5424(FINAL SIGNAL). BREAK OF 5424 WILL IMPLY SLIDE TO 5405,5380 AND THEN LOWER LEVELS AS DETAILED ABOVE. FOR ANY KIND OF SUBSEQUENT STRENGTH NF WILL BE REQUIRED TO CONQUER AT LEAST 5426/5443.

POSITIONAL TRADES:

TCS , PETRONET, JINDAL SAW,  ON BUY SIDE.

BANK OF BARODA, BANK OF INDIA, GMR, ONGC, LIC, SBI, ON THE SHORT SIDE.

ONGC SHORT INITIATED WHEN IT WAS TRADING @ 1230.AS IT WAS CLOSE TO OUR STOP LOSS ON FRIDAY 4TH FEB 2011.we advised buying 1200 put @ 27 which closed at 47. holding. just to share this one with you, our stoploss for ongc is close above 1242 spot.

BANK OF BARODA FUTURE SHORT INITIATED NEAR 864, CLOSED AT 835. BOOKED PROFIT SAME DAY NEAR 840.OUR STOPLOSS WAS CLOSE ABOVE 882. PLZ NOTE THIS SHORT CAN BE INITIATED AGAIN ON RISE. STOPLOSS WILL BE SAME FOR THE MONTH.TRY TO SHORT AS CLOSE TO STOPLOSS AS POSSIBLE.(IT IS VERY RISKY AS THE STOPLOSS IS ON CLOSING BASIS)

ALL OTHER STOCKS HAVE QUALIFIED FOR ACTION BUT WE ARE WAITING FOR RIGHT ENTRY PRICE .