Thursday, March 11, 2010

No clear Direction

In earlier post we said that nifty is range bound between 5080 to 5150.If nifty close below 5070 than it can be touch 5000-4950 or if cross 5150 than can touch 5250-5300.Market goes either direction.
Today (10/03/2010) The market has closed on a positive note mirroring marginal gains in oil & gas, FMCG and realty stocks. The Sensex closed at 17098.33, higher by 45.79 points from its previous close. The Nifty ended at 5116.25 levels, up 14.75 points.
Indian markets may await the outcome of IIP numbers during the end of the week and thereafter announcement of advance tax numbers for a clear trend.
The US markets have closed in the positive zone. Dow ended up 0.03% while Nasdaq was up 0.8%. The Asian markets are advancing after two days of flat trading. Nikkei has edged higher on exporter stocks. Kospi has clocked gains ahead of the central banks interest rate decision. Taiwan has surged higher on the chip makers.
So we are Expacting Flat opening.
Stock For watch :
Buy Eveready Ind around 66 Sl 63 Tgt 72




Buy tcs around 775-780 Sl 763 tgt 800-820 in near term.



Seago Looking week on chart, ot can touch 420-410 in near term one can book profit at higher level.

Yesterday Call:

Apar Industries Ltd :
Done well in a singal day it has touch 204 which is his minnor resitance said in earlyier post, now if it cross 205 than fresh buy.

Aban:
Aban has touch 1313 in a day.Investor can hold for target.

AMTEK:
bUY Only above 75 if it cross with vol.

Great offshore Ltd:
Exit form it. Buy if it cross 448 with vol.




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