27-12-2010: Will market remain bullish through out the week?

Hi All,

 

Market was under the influence of Christmas and new year, that is why market was in a consolidation zone, ranging from 5900 - 6000, last week. But on last Friday, we got a bullish breakout with Bullish Engulf for Nifty Chart. It is a indication of bullish market. Coming year will be good for market with a nifty target of 6840 - 7200, as we got Rounding Bottom breakout for Nifty at the level of 5514, so next 2 years will be golden era for the market where you will get good breakouts, handsome profits and of-course capital appreciation also.    

 

This week, market will remain as it is like it was in last week. Considering the derivative expiry, market will remain sideways with a range of 5920 - 6075 till the expiry, but we will get good yield on coming Friday, may be up to 6205 levels also! enjoy benefits!

 

Nifty Support: 5975 - 5940 - 5900 

Nifty Resist: 6033 - 6069 - 6133

 

Intra-day Stocks:

1. Hanung Toys: Long Position, Bullish Engulf
2. Bajaj Hind: Long Position, Inverted H & S Breakout
3. Rel.Media Work: Long Position, Bullish Engulf
4. Rpower: Long Position, Bullish Engulf
5. Suzlon: Long Position, Bullish Engulf
6. Titan: Long Position, Bullish Engulf

F & O Stocks:

1. Welspun Guj: Long Position, Bullish Piercing
2. TataMotors: Short Position, Bearish Kicker
3. Syndicate Bank: Short Position, Bearish Kicker
4. RCOM: Long Position, Bullish Engulf
5. LT: Long Position, Bullish Engulf
6. Indiabulls Real: Long Position, Double Bottom
7. Core Project: Short Position, Bearish Kicker  
8. Bhartiartl: Long Position, Bullish Engulf
9. Aban: Short Position, Bearish Kicker

Delivery Stocks:

1. Bajaj Hind: Short Term Hold, Inverted H & S Breakout
2. IndiabullsReal: Short Term Hold, Double Bottom

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]

 
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