Fireworks for the week 26th SEP 2011 – 30th SEP 2011
MARKET OUTLOOK FOR THE WEEK

Sell off to continue in Domestic and Global Markets… Use any pullback to exit your short term long positions…
As expected, FED and European Union are much worried about their economic slow down… Seems all these debt crisis are in the beginning only, so much more downside expected in their zone…
Domestically also there is no positive sign for markets… Lower Q2 advance tax numbers hints a poor Q2 results to hit the markets, mainly driven by high inflation and higher interest rates… FII’s numbers giving alarm on our market, they pulled out Rs.2500cr in last days of the week…
So it gives a clear indication of further fall in our market, its best to sit back from taking short term long, also use any pullback to exit your previous longs… Even any positive surprise comes, that to have short live only…
Technically we see further correction in markets, if Nifty Spot fails to holds above 4883-4986 levels… On downside any close below 4721 level will confirm a fresh long term bear trend…
SENSEX 16162
TECHNICAL VIEW (Week 26.09.11 – 30.09.11):
This week 16214 & 15958 will act as “KEY LEVELS” – if it maintains above 16214 or maintains below 15958 levels will decide the trend of market in next week…
SUPPORTS: 15958, 15683, 15467 & 15062…
RESISTANCES: 16214, 16533, 16767 & 17046…
SENSEX FOR THE DAY 26.09.11:
Today, if SENSEX maintains above 16214 will give upside target of 16452-16533 levels… Or else it may slide up to 15845-15683 levels…
SUPPORTS: 16052, 15958, 15845 & 15683…
RESISTANCES: 16214, 16353, 16452 & 16533…
NIFTY 4867
TECHNICAL VIEW (Week 26.09.11 – 30.09.11):
This week 4883 & 4806 will act as “KEY LEVELS” – if it maintains above 4883 or maintains below 4806 levels will decide the trend of market in this week…
SUPPORTS: 4806, 4721, 4653 & 4536…
RESISTANCES: 4883, 4986, 5058 & 5135…
NIFTY FOR THE DAY 26.09.11:
Today, if NIFTY maintains above 4883 levels – then it will give upside target of 4955-4986 levels… Otherwise it may slide up to 4770-4721 levels…
SUPPORTS: 4829, 4806, 4770 & 4721…
RESISTANCES: 4883, 4926, 4955 & 4986…
WEEKLY TRADING PICKS (26th SEP – 30th SEP 2011)
| SCRIP |
CLOSE |
SUPPORTS |
RESISTANCES |
|
|
|
|
| ABAN |
362 |
352,345 |
383,396 |
| ADANIENT |
570 |
555,540 |
590,609 |
| BHARTI |
374 |
360,353 |
387,406 |
| CIPLA |
284 |
277,274 |
292,303 |
| DIVIS |
718 |
712,703 |
745,770 |
| DLF |
198 |
195,190 |
210,221 |
| HDFC |
626 |
622,609 |
645,662 |
| HINDALCO |
134 |
131,128 |
140,145 |
| HPCL |
372 |
366,361 |
383, 396 |
| ICICIBANK |
843 |
827,810 |
882,905 |
| INFY |
2325 |
2300,2247 |
2391,2454 |
| ITC |
192 |
189,182 |
202,211 |
| JINDALSTEEL |
524 |
514,497 |
543,558 |
| LIC |
206 |
205,200 |
214,223 |
| MARUTI |
1087 |
1062,1045 |
1117,1148 |
| ONGC |
258 |
255,248 |
270,279 |
| RELCAPITAL |
402 |
388,371 |
427,446 |
| RELIANCE |
770 |
757,748 |
798,825 |
| RELINFRA |
428 |
420,415 |
447,462 |
| SBIN |
1950 |
1919,1890 |
2026,2085Abv 1985 |
| SESAGOA |
207 |
202,195 |
217,226 |
| SUNPHARMA |
470 |
465,456 |
482,495 |
| TATAMOTORS |
147 |
142,137 |
157,168 |
| TATAPOWER |
991 |
975,950 |
1036,1085 |
| TATASTEEL |
432 |
424,419 |
451,468 |
| TCS |
990 |
973,954 |
1018,1035 |
| YESBANK |
267 |
262,257 |
279,288 |
|
|
|
|
SOME OF OUR MEGA HIT CALLS (19-Sep to 23-Sep)
1. DELIVERY BOUGHT EROSMEDIA @ 160 (14.06.2011) BOOKED 50% @ 204 (14.07.2011)… BOOKED 100% @ 255 (19.09.2011)…
2. DELIVERY BOUGHT LUMAXIND @ 333 (27.06.2011) BOOKED 50% @ 420 (21.09.2011)…
3. BUY A2Z MAINTENANCE @ 178 (30.08.2011) BOOKED 50% @ 230 (14.09.2011)… BOOKED 100% @ 243 (20.09.2011)…
4. BUY ARSS INFRA FUT @ 345 AND BOOKED 50% @ 375 (15.09.2011)… BOOKED 100% @ 393 (20.09.2011)…
5. BUY EVERONN @ 245 (07.09.2011) BOOKED 50% @ 297 (15.09.2011)… BOOKED 100% @ 349 (19.09.2011)…
6. SELL SESAGOA FUT @ 235 (02.09.2011) BOOKED 50% @ 223 (06.09.2011)… BOOKED 100% @ 212 (22.09.2011)…
7. SELL MCDOWELL FUT @ 900 (06.09.2011) BOOKED 50% @ 870 (12.09.2011)… BOOKED 100% @ 800 (20.09.2011)…
8. SELL PUNJLLOYD FUT @ 60.30 (12.09.2011) BOOKED 50% @ 57.50 (14.09.2011)… BOOKED 100% @ 55 (23.09.2011)…
9. SELL BHEL FUT @ 1710 (13.09.2011) BOOKED 50% @ 1670 (14.09.2011)… BOOKED 100% @ 1635 (20.09.2011)…
10. BUY JPASSOCIAT 70CE @ 1.40 (14.09.2011) BOOKED 50% @ 2.70 (15.09.2011)… BOOKED 100% @ 4.25 (21.09.2011)…
11. SELL HEROMOTOCO FUT @ 2205 (14.09.2011) BOOKED 50% @ 2185 (15.09.2011)… BOOKED 100% @ 2090 (22.09.2011)…
12. BUY UNITECH 27.50CE @ 1.15 AND BOOKED 50% @ 1.60 (15.09.2011)… BOOKED 100% @ 2.10 (19.09.2011)…
13. POSITIONAL SELL NIFTY FUT @ 5050 (06.09.2011) AND AGAIN @ 5117 (16.09.2011)… BOOKED 100% @ 4850 (19.09.2011)…
14. BUY EDUCOMP FUT @ 230 (15.09.2011) BOOKED 100% @ 252 (21.09.2011)…
15. BUY EDUCOMP 240CE @ 9 (15.09.2011) BOOKED 100% @ 16 (21.09.2011)…
16. BUY NIFTY 5000PE @ 72 (15.09.2011) BOOKED @ 185 (23.09.2011)…
17. SELL RELCAP FUT @ 414 (16.09.2011) BOOKED 50% @ 396 (19.09.2011)…
18. BUY HDIL 110CE @ 5 (19.09.2011) BOOKED @ 6.50 (21.09.2011)…
19. BUY BHARATFORG FUT @ 288 (20.09.2011) BOOKED @ 294 (21.09.2011)…
20. BUY STER 130CE @ 4 AND BOOKED 50% @ 6 (20.09.2011) BOOKED 100% @ 7.75 (21.09.2011)…
21. BUY RENUKA 60CE @ 2.25 (20.09.2011) BOOKED @ 4.20 (21.09.2011)…
22. BUY TITAN FUT @ 225 (20.09.2011) BOOKED @ 236 (21.09.2011)…
23. BUY TITAN 230CE @ 3 (20.09.2011) BOOKED @ 9.50 (21.09.2011)…
24. SELL NIFTY FUT @ 5160 (21.09.2011) BOOKED @ 5040 (22.09.2011)…
25. BUY BALRAM 50CE @ 1.80 (21.09.2011) BOOKED @ 2.70 (22.09.2011)…
26. SELL ADANIPOWER FUT @ 87 AND BOOKED 50% @ 83.50 (22.09.2011)… BOOKED 100% @ 82 (23.09.2011)…
27. SELL FINANTECH FUT @ 870 (22.09.2011) BOOKED 50% @ 815 (23.09.2011)…
28. BUY JSW 660PE @ 18 (22.09.2011) BOOKED @ 52 (23.09.2011)…
29. SELL CROMPTON FUT @ 156 AND BOOKED 50% @ 150 (22.09.2011)… BOOKED 100% @ 146 (23.09.2011)…
30. SELL WIPRO FUT @ 351 AND BOOKED 50% @ 338 (22.09.2011)…
31. SELL ORCHID FUT @ 197 AND BOOKED @ 185 (22.09.2011)…
32. BUY ITC 190PE @ 1.35 AND BOOKED 50% @ 2.70 (22.09.2011)…
33. SELL AXIS FUT @ 1116 (22.09.2011) BOOKED 50% @ 1075 (23.09.2011)…
34. SELL KOTAK FUT @ 465 (22.09.2011) BOOKED @ 450 (23.09.2011)…
35. SELL BOB FUT @ 770 (22.09.2011) BOOKED @ 750 (23.09.2011)…
36. BUY BHARTI 360PE @ 2.30 (22.09.2011) BOOKED @ 6.50 (23.09.2011)…
37. BUY BEML FUT @ 450 AND BOOKED @ 460 (23.09.2011)…
38. SELL BANKNIFTY FUT @ 9450 AND BOOKED @ 9360 (23.09.2011)…
39. BUY RIL 800PE @ 20 AND BOOKED 50% @ 33 (23.09.2011)…
40. BUY BHARTI 380PE @ 5.50 AND BOOKED 50% @ 9 (23.09.2011)…
41. SELL CHAMBL FUT @ 102 AND BOOKED 50% @ 98.5 (23.09.2011)…
42. STRATEGY SHORT INFY FUT @ 2390 (15.09.2011) MADE LOW @ 2316 (23.09.2011)… HOLDING…
Please note that here we had given our entry rate and 100% profit booked rates only… For example, entered short in CROMPTON future at 156 on 22-09-2011… Booked 50% at 150 on 22-09-2011 and Booked 100% at 146 on 23-09-2011…
Loss trades: Fortis (Rs.4), Nifty (20 points on 20-Sep), Indiacem (30 paise)… Also this week we traded and exited with small gain / at cost in Acc, Cipla, Exide, Idfc and Ranbaxy… Holding Positional Short in Bank Nifty Fut. and Some other stock futures along with positional long in Beml, McDowell, Uniphos…
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BUY & SELL
Author: RAMESH CHANDRA – TAMILNADU
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Disclaimer: – All the views in this newsletter about market and stock movement are for information purpose only. Recommendations, opinions, suggestions are given with the understanding that readers acting on the information assume all risks involved. Stock market activities are subject to market risk. These recommendations are on the basis of technical analysis. We are not responsible for loss and profits due to the above-mentioned recommendations. Information is obtained from various sources, which are deemed to be reliable but are not guaranteed as to accuracy and completeness.