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Tuesday, March 8, 2011

Will market touch 5650 level in coming 3 days?

Hi,


From last few days I have suggested few good delivery stocks, if you just have a look about gaining part, then, approximately, 20% rise you will get in recommended stocks for delivery only in 10 days!!!

As per yesterday's prediction, market opens on positive note, and remain flat through out the day. This will boost the bulls to stay invested in the market. Market may touch 5650 level in coming 2/3 days, this is because most of the common investor will invest through ELSS or tax benefit mutual funds to complete the tax bracket!! Apart from this, market has given technical breakout which suggests us above.


Today, market may remain in the range of 5440 on the lower side and 5570 on the higher, breakout for either of the side may give us the level 5391 or 5630!!


Pivot Levels:
P: 5505
R1-R2-R3: 5545 - 5571 - 5611
S1-S2-S3: 5480 - 5439 - 5414

Technical Support: 5493 - 5466 - 5408
Technical Resistance: 5538 - 5562 - 5586

Intra-day Stocks:
1. Bharat Ele: Short Position
2. Parichay Inv: Short Position
3. Persistent sys: Short Position
4. Ajanta Pharma: Long Position
5. Asian Hotel: Long Position
6. Bata: Long Position
7. Everonn sys: Long Position
8. Whirlpool: Long Position

F & O Stocks:
1. Welspun: Long Position
2. TVS Motors: Long Position
3. TV 18: Short Position
4. Tata Motors: Long Position, Risky Trade
5. Suzlon: Call option buy 50, 55
6. SBIN: Call option buy 2700, 2800
7. Infosystech: Long Position
8. Educomp: Long Position
9. Bhartiartl: Long Position, 330, 340 call option buy

Delivery Stocks:
No Stocks.

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


Sincerely,

Anagha Bhave
anagha@preciseanalysis.com 

[Technical Analyst]

Precise Analysis Pvt Ltd.
7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038
99 22 944 434 / 9922 948 364 
 


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