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Tuesday, December 28, 2010

Market: Range Bound!!! As Near Expiry

Dear All,
Market will remain as it is, like it was last two days, on 31st Dec we will get a good breakout, till the time market will remain dicey, it will not give us any move, because we are very near to expiry. It might possible, because of roll over market may get volatile, but at the end of the session it will remain as it is.
Keep a eye on support and resistance, because market is in a range of 6050 - 5980, any breakout will give us a good growth, market has taken intermediary trend-line support, so we will get up side breakout only.
Nifty Support: 5982 - 5940 - 5900
Nifty Resist: 6010 - 6045 - 6069
Intraday Stocks:
  1. Geometric Software: Long Position, Flag pattern breakout
  2. Great offshore: Long Position, Bullish Engulf
  3. Hexaware Tech: Long Position, Flag pattern breakout
  4. Hind Oil: Long Position, Flag pattern breakout
  5. KPIT: Long Position, trend line breakout
  6. Moserbear: Long Position, trend line breakout
  7. Tata elix: Long Position, flag pattern breakout
  8. Trent Ltd: Long Position, double bottom
  9. UBL: Long Position, Bullish Engulf
  10. Asahi India: Short Position, Down Flag breakout
F & O Stocks:
  1. ABG Shipyard: Short Position, Bearish Kicker
  2. Ashok Ley: Long Position, Risky trade
  3. Balrampur chi: Short Position, Spinning Top
  4. Bank India: Long Position, Risky Trade
  5. Grasim: Long Position, Risky trade
  6. Indiabulls: Long Position, Jan future
  7. Infosys: Short Position, Risky trade
  8. KSOils: Long Position, Flag breakout
  9. Tata Chemicals: Short Position, Bearish Kicker
Delivery Stocks:
  1. PVP Venture: Medium term hold, double bottom,
  2. Trent Ltd: Short term hold, double bottom
  3. Suzlon: Short term hold, Inverted H & S breakout
  4. Praj: Medium Term Hold, Double Bottom 

Mrs. Anagha A. Bhave
[Technical Analyst]

Aabhineesh Total Solutions.
1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800

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