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Sunday, June 5, 2011

Market is chooppy??? Bullish or bearish??

Hi All,

After a long days... -:)

Nifty is in range bound of 5320 to 5600 level, it has major resistance at the level of 5600, and a crucial support at  5329 levels.

Looking at political instability market will be more dicey for next couple of days.
But if we trade stock specific then market will give us a good return.
Tomorrow market will open slightly up but gradually it may fall down to 5484 level. If political instability remains as it is, then it may fall further, so, those are long in the market can book profit in the initial levels itself.

Pivot Levels:
Pivot: 5543
R1,R2,R3: 5579 - 5641 - 5676
S1,S2,S3: 5481 - 5445 - 5383

Technical Resist: 5565 - 5604 - 5628
Technical Support: 5507 - 5489 - 5459

Intraday & F & O Stocks:
1. Sun TV: Long Position
2. Tatamotors: Long Position, call option 1050, 1100 buy for intraday

Delivery stocks:
1. Calsoft: medium term hold
2. Gul alki: Short term hold

Intraday stocks means you don't have to follow it blindly, please apply intraday strategies which i usually taught you in the lectures.

If you have any 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
99 22 944 434 / 99 22 942 422


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