3 - 3 - 2011: Bull rally continues..........

Hi All,

O my my, Day before yesterday's prediction was 100% accurate...

Looking at daily chart of index, market made a inverted H & S price pattern, with a target of 5950 in next 20 days!
You may say, anagha don't be so bullish, but the fact is, i don't find any reason, market to come down unless there is a political instability or something of that sort.

Looking at Chart, market may come down on intra-day basis may be at a level of 5419 - 5430, but it will gradually go up.

Pivot Levels:
Pivot: 5476
S1, S2, S3: 5419 - 5317 - 5260
R1, R2, R3: 5579 - 5635 - 5738 

Technical Support: 5452 - 5382 - 5330
Technical Resist: 5557 - 5599 - 5614


Intra-day Stocks:

1.  Allcargo: Long Position
2. Anil Product: Long Position
3.   

F & O Stocks:

1. Bajaj Auto: Long Position
2. Canbk: Long Position
3. Cipla: Long Position
4. DLF: Long Position
5. Hindalco: Long Position
6. IFCI: Buy Call option 55, 50
7. Ispat: call option buy 22.50 , 25
8. Mphasis: Long Position
9. Tatamotors: Call option buy 1200 

Delivery Stocks:

1. AML Steel: Short Term Hold
2. Bajaj Auto: Short Term Hold
3. Finolex Ind: Short Term Hold
4. JSW Steel: Short Term Hold 
5. LICHSGFIN: Short Term Hold 

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

Anagha Bhave

[Technical Analyst]

Precise Analysis Pvt Ltd.

7, 2^nd Floor, Indraprastha Apt, Near Ambar Hall,

Mayur Colony, Kothrud, Pune 411038

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