Traders: Enjoy!!

Dear All,

Bulls and Bears both are activated, and the great race is going on between both of them. Last to last week bulls was at front side, and last week bear was at front side, now who will win the battle of this tough war?

Let us study the chart in deep, right now market is making double bottom at the level of 5883, but if market closes below 5860 then bear will win the battle, but above this level, market will be at a trend line support @ the level of 5860, above this levels market is still bullish, so, keep a eye on closing rates.

Considering last week's rapid fall in the market, market will go up in next 5 sessions, according to chart, on coming 2/3 days, market may come at the level of 5860, but it will not sustain over there, and will come up with a high volume. Most of the clients ask me, why market is falling? I told them, market is falling because it wants to go up!! :)

Today market will give us atleast 70 points upside rally.

Nifty Support: 5983 - 5855 - 5795

Nifty Resist: 5967 - 6030 - 6051

Intraday Stocks:

1. PVP Venture: Long Position, Bullish Engulf
2. Aftek Ltd: Short Position, Bearish Engulf
3. Ashok Ley: Long Position, Risky Trade
4. Inox: Short Position, Evening Star
5. JSW Steel: Long Position, Risky Trade

F & O Stocks:

1. Alok Text: Long Position, Risky Trade
2. Bajaj Auto: Long Position, Risky Trade
3. BankBaroda: Long Position, Key Reversal Pattern at Bottom
4. Gail: Short Position, Bearish Kicker
5. GVK Power: Short Position, Bearish Kicker
6. Hero Honda: Long Position, Double Bottom
7. ICICIBank: Call option buy 1050, 1100, 1150
8. IFCI: Call Option Buy 60, 65, 70
9. Indiabulls Real: Long Position, Risky trade
10. Infosys Tech: Put Option Buy 3400, 3300
11. IDFC: Long Position, Key Reversal Pattern at Bottom
12. LT: Long Posiiton, Risky Trade, call option buy 1950, 2000, 2050
13. Praj Ind: Long Position, Key Reversal Pattern
14. REC Ltd: Long Position, Key Reversal Pattern
15. Sesa Goa: Short Position, Evening Star
16. SBIN: Long Position, Risky Trade
17. TataMotors: Long Position, Risky Trade, Call option buy 1200, 1250, 1300

Delivery Stocks:

No Stocks.

Sincerely,

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

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