24 - 03 - 2011: Will market touch 5600 level at last?

Hi All,


So many days, market was in the range of 5380 to 5500, but yesterday it gives good breakout for consolidation, and it may go up in next few days.
Now, all IT Bracket people will do the investments, as it is the end of march, so, demand will be more than the supply of the shares, ideally market may not fall further below 5420.

Market has given clear-cut Up flag breakout will a high volume with a target of 5723 in coming 6 days and stochastic also supports, so, market may reach 5600 level very easily. Those are short in the market strictly follow the stoploss.


Concentrate on Bank sector, Pharma Sector and Infra Sector, they will give us a good yield for delivery stocks also.

Pivot Levels:
P: 5480
R1,R2,R3: 5509 - 5539 - 5592
S1,S2,S3: 5436 - 5476 - 5343


Technical Supports: 5445 - 5401 - 5376 
Technical Resists: 5511 - 5535 - 5563


Intraday Stocks:

1. Bajaj Corp: Long Position
2. BGR Energy: Long Position
3. Emami: Short Position
4. ICICI Bank: Long Position
5. Ravalgaon: Long Position
6. Sasken: Long Position
7. Arrow Tex: Short Position

F & O Stocks:

1. Aban: Long Position
2. ACC: Long Position
3. Alok Text: Long Position
4. Ambuja Cem: Long Position
5. Cipla: Long Position
6. Hindalco: Long Position
7. JSW Steel: Long Position
8. Pantaloon Retail: Long Position

Delivery Stocks:

1. DCHL: Medium Term Hold
2. Glodyne Techno: Short Term Hold
3. Ravalgaon: Short Term Hold
4. Apollo Tyre: Medium Term Hold
5. Ashok ley: Medium Term Hold
6. BankBees: Long Term Hold
7. Century Text: Short Term Hold
8. Cipla: Short Term Hold
9. SBIN: Long 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  

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