21-12-2010 : Bull Run Continued........

Dear All,

 

Oh my my, On last Thursday i mentioned in the blog, Hero Honda will move up on coming Monday, and yesterday that was the day where Hero Honda moved like anything, means yesterday's total gain is 350 points. Its a huge gain for the traders, who followed my advice. Congratulations to those people.

 

Today, market will dicey, but it will give us good upside move. Up to 6050 points rally will be expected as market has given us Inverted h & s breakout. Inverted H & S is a bullish sign for the market and with in next 13 days market will show us approximately 6300 levels again, so lets stick on lower side, we will say market will move up to 6200 levels at least.

 

Next few days market will be in a bull run. Yesterday i quoted on blog, Bulls will be Attack is very true. Enjoy Bull run, especially in Bank stocks, like SBIN, Axis Bank, ICICIBank and Canara Bank also. Keep a eye of SCI, Federeal Bank and Uco bank also.

Keep a Eye on IT sector also, all IT stocks are in Overbought Zone, especially TCS, Infosystech, Wipro. 

 

Considering Nifty chart, following are the Nifty's Support and Resistances for the market.

Nifty Supports: 5926 - 5900 - 5855

Nifty Resist: 5985 - 6033 - 6069

 

Intraday Stocks:

1. Unity: Long Position, Bullish kicker
2. Patel Eng: Short Position, Bearish Kicker

F & O Stocks:

1. IFCI Call option: Buy 65 strike risky trade
2. Ispat Ind: Put Option Buy of 20 Strike Price, Risky trade (Windows Gap, Open Interest Increased in Put Option)
3. Educomsolution: Long Position, Bullish Kicker
4. Grasim: Long Position, Bullish Kicker
5. Jindalsteel: Long Position, Bullish Kicker
6. KSOils: Short Position, Bearish Kicker
7. Maruti Suzuki: Long Position, Key Reversal Pattern at top
8. RCom: Put Option Strike 120, 115. Risky Trade
9. Sesa Goa: Put Option buy strike 270, 280, Risky Trade
10. Suzlon: Long Position, Inverted H & S Breakout

Delivery Stocks:

No Stocks

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
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