21-03-2011: Big bulls are playing with Traders!!!

Is there any fear in the market because political instability or Libya Crisis or may be because increase in interest rates? 
Why market is falling down? Is there any reason....
But technically speaking market is taking neckline support and domestic investors interested in buying the stocks, means these are the big bulls in the market who knows the direction of the market, so technically speaking we are still in a safe zone with a support of 5357, if market manage to close below this level then there will be a huge crack in the market up to the level of 5170 otherwise bulls will enjoy party!!!

Tomorrow, market may open on positive note, and then it will gradually increase. Tomorrow market will be bullish.

Pivot Level:
P: 5407
R1,R2,R3: 5449 - 5524 - 5566
S1,S2,S3: 5332 - 5291 - 5216

Technical Resists: 5424 - 5475 - 5510
Technical Supports: 5330 - 5308 - 5232

Intraday Stocks:

1.  AIA Eng: Long Position
2. Cubical Fin: Long Position
3. DLink India: Long Position
4.  Forbes Gokak: Long Position
5. Kansai Nerolac: Long Position
6. M & M Ltd: Short Position
7. ONGC: Short Position 

F & O Stocks:

1.  ACC: Short Position
2. Asian Paints: Short Position
3. Aurobindo Pharma: Long Position
4. Core Project: Long Position
5. Grasim: Short Position
6. NMDC: Long Position  

Delivery Stocks:

1. MVL Ltd: Short Term Hold
2. Nitesh Est: Medium Term Hold 
3. Panasonic Home: Short Term Hold
4. Tata Comm: Medium Term Hold
5. Torrent Power: Medium Term Hold

If you have any query please get in touch with me.

Sincerely,

Anagha Bhave

[Technical Analyst]

Precise Analysis Pvt Ltd.

Flat No: 7, 2^nd Floor, Indraprastha Apt, Near Ambar Hall,

Mayur Colony, Kothrud, Pune 411038

Anagha@preciseanalysis.com; Anagha@aabhineeshsolutions.com