NIFTYWATCH :
JULY 09TH 2008
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
3848.65 |
3918.55 |
3968.10 |
4038.00 |
4087.55 |
“MARKET is very much in range 3824 and 4119 “.range bound market helped us to earn money by using correct derivative strategy (short straddle in nifty and reliance: position build on july 07th ). One can book profit now or be alert at the time it gives break out. Derivatives are the best instrument to take advantage in all kind of markets : its range bound, bull trend, bear trend, beta is high or low, indecision of market, cashing events, volatility or no volatility, what ever may be the market, if right strategy is selected can dividend us good money. On the other hand wrong selection can eat away good amount of one’s capital. Yesterday it was written “Trend decider for the day is range of 3977 – 4057. any break out will decide the trend for the day. 4119 is stop loss to all short positions. 3848 (5 days lowest low ) will work as a strong support.” Market took support at 3898 and closed with in given range of 3977-4057. trend decider of the day is 3977 today and resistance levels are 4015 and 4115. we are starting day with so many hopes : cooling of crude prices : stability on political front (everyone is singing = singh is king=): southward march of commodities : good monsoon : better outlook of grains : upward march of US equity markets . stock market drive on sentiments only. If sentiments are good now what amount of pull back will be? Come on ! participate the contest : predict and win. 3977-4117-4275-4552 or 4676.
Crude is again in range of $145 and $131, facing resistance at higher levels. Whole world is talking crude will touch $170 to $200. but fact is its in range of $145-131. it may remain with in same range for some more times . only break out with volumes will decide the trend. Federal Reserve Chairman Ben S Bernanke, has given a good support to financial systems as well dow and nasdaq by seeking to allay renewed concerns over the health of the nation’s financial system, said the central bank may extend its emergency-loan program for investment banks into next year. “The Federal Reserve is strongly committed” to financial stability and is “considering several options, including extending the duration of our facilities for primary dealers beyond year-end,” Mr. Bernanke said in a speech to a conference in Arlington, Virginia.
Intra day calls :-
STOCK WATCH:- PIVOT ARE THE TREND DECIDER for the day
Jp hydro :-
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
40.10 |
43.35 |
45.50 |
48.75 |
50.90 |
Can buy in range of 44-46, s.l 37 targets are 52-55 & 61.
R power :-
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
123.20 |
129.95 |
134.95 |
141.70 |
146.70 |
Trend decider : 134/- if hold targets are 145-159-188.
Ifci :-
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
32.35 |
35.50 |
37.90 |
41.05 |
43.40 |
Support : 35.5 resistance:40-42-46
Iflex :-
We still maintain buy with s.l of 1360/- . recommended at 1383 on july 3rd.
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
1367.25 |
1413.50 |
1456.25 |
1502.50 |
1545.25 |
DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.
