Market Down Trend Started???

Dear All,

 

Oops, Today i was expecting recovery in the market, but because of CBI Inquiry about Ketan Parekh stocks and all, market moved down. It was a free fall in the market. But, frankly speaking all people are saying market is bearish, so i think market has to take support at this level, next week, Moil listing is there, considering this, market will come up in next few sessions.

 

Nifty Support: 5742 - 5690 - 5639

Nifty Resist: 5845 - 5924 - 5954

 

Intraday Stocks:

1. Alok Text: Long Position, Risky Trade
2. Amtek Auto: Short Position, Bearish Engulf
3. Graphite India: Short Position, Evening Star
4. Gujrat NRE: Short Position, Bearish Kicker
5. Hexaware: Short Position, Bearish Kicker
6. ICICI Bank: Short Position, H & S Breakout, Hedge the position, Buy Call option 1150 or 1200, and Buy Put option 1100 and 1050
7. KS Oils: Long Position, Risky Trade

F & O Stocks:

1. ALBK: Long Position, Spinning top at bottom
2. Grasim: Short Position, Bearish Kicker
3. IFCI: Long Position, Risky Trade, Buy Call option 60
4. LIC: Long Position, Risky Trade
5. Piramal Health Care: Short Position, Bearish Kicker
6. Ruchisoya: Buy, Risky Trade

Delivery Stocks:

No Stocks

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
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