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Tuesday, March 29, 2011

30-03-2011: What will be the market today?

Hi All,

Market is making huge runs with lots of sixes and boundaries??? Will it continues till 6000 level? From last 6 days market is bullish and FII's and DII's buying quantity is also huge!!

Looking at this market conditions, market will easily touch 6000 level!! But last trading session, there were profit booking also, by DII's, so, today, market may open on gap down basis, it may fall up to the level 5650, but after that it will gradually rise at the end of the day, market will be more dicey, and both side move will be possible for tomorrow.

As mentioned in the last blog, keep eye on pharma, banking and financial stocks, which has given 30% rise in only 10 days, congratulations, those who have follow the blog....

Pivot levels:
P: 5729
R1,R2,R3: 5777 - 5818 - 5867
S1,S2,S3: 5687 - 5639 - 5598

Technical Resist: 5770 - 5801 - 5833
Technical Support: 5711 - 5686 - 5645

Do not trade stocks for next 2 days, as market is very dicey, so, better to trade in index rather than stocks.

If you have query please get in touch with me.


Anagha Bhave
[Technical Analyst]

Precise Analysis Pvt Ltd.
Flat No: 7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038

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