Right now, market is very unpredictable, because of inflation, 2G Scam, budget requirements, fund generations insufficiency, lack of management, this all type of problems are in the market today, most of the analyst are stick with same issues, but looking at FII’s and DII’s buying, this news will not affect the market at all. Only fear in the market is if there will be any other scam, then only market will fall further upto 4400 levels. But not now.
You may feel what I am writing at blog, but looking at chart, frankly speaking, if market has to achieve 50,000 Sensex in next couple of years, then, right now market has to get settle by tomorrow.
So, there will not be any down move possible in the market, I think. Intraday jigsaws may there, but market will recover in couple of days later.
If market closes below 5100 then market will directly go to 4400. But this will happen only if budget is not really good.
Looking at various sectors, following sectors will definitely gain a lot in coming year:
Tomorrow market may reach a level of 5440, as tomorrow budget will pull the market up, as current Politician are more interested in vote bank, so, budget is very good, looking at chart.
R1, R2, R3: 5350 – 5397 – 5455
S1, S2, S3: 5244 – 5186 – 5139
Technical Support: 5232 – 5177 – 5120
Technical Resist: 5321 – 5338 - 5408
1) Abhishek: Long Position
2) Bajaj Hold: Long Position
3) 532424: Godrej : Long Position
4) HDIL: Long Position
5) Nestle: Long Position
6) Satyam: Long Position
F & O Positions:
1) Aban: Long Position
2) ABG Shipyard: Short Position
3) Ashok ley: Call option 45, 50 buy
4) Axis Bank: Long position
5) BEML: Long Position
6) DLF: Call Option Buy 220, 250
7) Mphasis: Long Posiiton, Risky trade
8) RCOM: call option 90, 1009) Unitech: call option 35, 40
1) CanBk: Short Term Hold
2) Zauri Agro: Short Term Hold
3) Aban: Medium Term Hold
4) Educomp Sol: Short Term Hold
5) GMR Infra: Short Term Hold
6) IVRCL Infra: Short Term Hold
7) Syndicate Bank: Short Term Hold
8) TTML: Medium Term Hold
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