18-04-2011: Bullish Trend upto 10th of May!!

Hi All,

Looking at price pattern breakout, market has to reach6008 level shortly, and may be upto 10th of May market may go upto 6300 level.

Why i am saying like this?

Market has taken wide support at the level of 5740 levels, so, if it corrected market may go upto that level, but after achieving 6300 level again, market may fall drastically, like upto 25% because of political instability and off course inflation and global market will be the main reason, but, this down move will be for short term basis, not more than a month or so... only profit booking or fresh buying you will see.

So, next few days will be very crucial for the market, everybody will make money from the market like anything.

Pivot Levels:

P: 5846

R1,R2,R3: 5886 - 5947 - 5987

S1,S2,S3: 5785 - 5745 - 5684

Technical Support: 5806 - 5748 - 5711

Technical Resist: 5861 - 5898 - 5923

Intraday Stocks:

1. CMahendra: Long Position
2. Mayur Leath: Long Position
3. Infosys Tech: Long Position
4. Mastek Ltd: Long Position

F & O Stocks:

1.  IFCI: call option 60 buy
2. Tatamotors: 1200 call option buy
3. Infosys: Call option 3100 buy
4. Aban: Long Position
5. Alok text: call option buy 25
6. Asian Paint: Short Position
7. Bharatiartl: Long Position
8. LIC: Long Position
9. Suzlon: Short Position
10. Tata comm: Long Position

Delivery Stocks:

1. DCB: Short term hold

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

Sincerely,

Anagha Bhave

[Technical Analyst]

Precise Analysis Pvt Ltd.

www.niftyweeklyoverview.blogspot.com

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Anagha@preciseanalysis.com; Anagha@aabhineeshsolutions.com