Today Nifty closed at very crucial level of 6017. Tomorrow Nifty must test 6050 and close around that level otherwise it may test 5926 anytime from now. 

Nifty closing above 6114 in this weekend only, will indicate any fresh long positions in Nifty for Target of 6300-6350 in this month itself !!! 

Other trading opportunities are as follows. 

DLF Target 160-180 SL 140 
TATAPOWER Target 85-90 SL 750 
CIPLA 440-450 SL 414 

Also this seems to be the time to accumulate RIL, SBIN, NTPC, ONGC 

Risky traders may check for KFI, Suzlon !!

Now Nifty levels to be watched are 4325 and 4240 any side breakout may lead another 100-200 points in the same direction.

Tomorrow Nifty testing 4175 will be first indication of next targets of 4016 3776. There may be hurdle around sentimental mark of 4000.

The stocks mentioned in the morning to watch out for correction were:

RIL, DLF, SBI, RELCAP, RELPOWER

The results were as follow:

RIL – corrected more than 4% and closed more than minus 3.5%

DLF - corrected more than 9% and closed more than minus 7.5%

SBI - corrected more than 1.5% and closed more than plus 1.0% (on expectation of good news for banking sector)

RELCAP - corrected more than 7.5% and closed more than minus 7%

RELPOWER - corrected more than 3% and closed more than plus 6% (on expectation of good news from Reliance group)

This is only for educational purpose,
this is NOT for trading

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss

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Nifty Bulls enjoyed an extra mile in last 2 days NOW what?

Nifty Bulls enjoyed an extra mile in last 2 days and now if they can not close in plus today (hopes are mild) they will have to give up atleast until 4180-4150. In case Nifty closes below 4150, may be an indication of bulls coming out and then next correction targets seems to be 4016 3776.

Stocks to watch out correction RIL, DLF, SBI, RELCAP, RELPOWER

.

Nifty Target. Support and Resistance

Today Nifty levels 3336 and 3394 are to be watched for further new long/short positions. Nifty's ultimate target today is 3280 with resistance at 3420

RIL levels 1730 and 1680 are to be watched for further new long/short positions.
DLF levels 245 and 235 are to be watched for further new long/short positions.

Nifty Target. Support and Resistance

Nifty is waiting to break out either side today. The Nifty levels of 3370 and 3330 are to be watched on closing basis to decide next movement.

Neither bulls nor bears seems to be ready to give up their current position. Now the question is who win win?

RIL DLF RCOM are trading such levels that anytime major profit booking can take place.

Nifty Target. Support and Resistance

For 01 Apr 2009

Nifty Resistance :3045-3069
Nifty Support : 2997-2973
Nifty levels 3045 & 2973 may create a good trading volume !

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What market / Nifty did today on Marc 31, 2009?

• In the morning it gave chance to book profit in Fri / Mon Nifty shorts and then gave a chance to buy it and book profit later in the day
• It has hit SL@3040 of Intraday Nifty shorts and then hit SL@3010 of Intraday Nifty Longs.
• The day closing seems to be in favour of Nifty Shorts as it closed below 3040 comfortably and below Nifty Apr Fut average trade value!

Answers of following Questions may decide next course of action :

• Why the Big Bro RIL & Nifty fell drastically just before 3pm today? Although global indicators positive? (RIL & Nifty both gave up about 30 points in last hour)
  
• Why there was panic selling as soon as Nifty came to 3040 (RIL@1540) from upside?
• Why HangSeng also could not hold today's gains as shown in the morning?
• Can this rally continue if DowJones do not close above 7650 tonight?

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Let us check what Market Experts have told today :

• 9:37 AM - Nifty will see resistance at 3040, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz.
• 9:45 AM - Nifty might reach 3100 easily but we are unlikely to see resumption of last week's uptrend, says Sudarshan Sukhani, technical analyst, on CNBC TV18.
• 9:51 AM - Key level of the Nifty for intra-day today would be 3020 and 3025, says Rahul Mohindar, technical analyst, on CNBC TV18.
• 10:11 AM - Sell IFCI with target of Rs 17.75, says Anil Singhvi, market expert, on CNBC Awaaz.
• 10:25 AM - Nifty will range between 2950-3100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. He advises traders to buy at 2950-2970 and sell at 3100 levels.
• 10:45 AM - Buy Tanla Solutions with target of Rs 40, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 28.50, he adds.
  
• 11:20 AM - The market should see a recovery either by day-end or tomorrow led by banking, RIL and Infosys, says Deven Choksey of KR Choksey Securities on CNBC TV18. The Nifty is likely to remain ranged between 2760-3150, he adds.
• 11:28 AM - Buy DLF on dips at around Rs 135-140, says Ambareesh Baliga of Karvy Stock Broking on CNBC TV18.
• 12:54 PM - Buy Reliance on decline with short-term target of Rs 1570 and medium-term target of Rs 1620, says E Mathew, technical analyst, on CNBC TV18. It has support at Rs 1490-1475, he adds.
• 1:23 PM - Buy Dish TV after it crosses Rs 28-29 for the long term for more momentum, says MB Singh, technical analyst, on Zee Business.
• 2:42 PM - Buy RIL with a target of Rs 1605 and stop loss of Rs 1500, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
• 3:17 PM - Go short on Nifty with a target of 2850 and stop loss of 3100, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:17 PM - Maintain Nifty long with a target of 3097 and stop loss below 2975, says Rahul Mohindar, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:23 PM - Sell Sterlite Industries with a target of 330 and stop loss of 360, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Trading Above 26/50/100/200 EMA

• NIFTY - trading above 26EMA and tested 50EMA
• RIL - trading above 50EMA and tested 100EMA today
• DLF - trading above 26EMA and missed to test 50EMA today by 0.65
• INFOSYS - trading closed above 100EMA
• MARUTI - trading consistently above 200EMA
• M&M - trading closed above 100EMA

18 Mar 2009 What Experts says

• 3:56 PM - Buy Jet Airways with a target of Rs 176 after which it can go to Rs 210 in 60 days and maintain a stop loss of Rs 140, says Jatindar Sharma, technical analyst, on CNBC Awaaz.
• 3:50 PM - Buy Idea Cellular with a target of Rs 52-56 and stop loss of Rs 42, says Husseini Wadharia of Techno Shares on CNBC Awaaz.
• 2:55 PM - Buy Suzlon with a target of Rs 44-52 and stop loss of Rs 33, says Husseini Wadharia of Techno Shares on CNBC Awaaz.
• 1:37 PM - Buy ICSA India on dips around Rs 53 with a target of Rs 90-142, says E Mathew, technical analyst, on CNBC TV18.
• 12:18 PM - Buy Reliance Communications with long-term view, says Vijay Bhambwani, technical analyst, on CNBC TV18. It can go up to Rs 300-320 in 2-3 years' time, he adds.
• 12:11 PM - Buy Ashok Leyland at current levels with targets of Rs 23 and Rs 27, says Sudhanshu Pandey, technical analyst, on CNBC Awaaz.

16 Mar 2009 What Experts says

3:55 PM - Buy SBI with a target of Rs 1000-1050 for the short term, says Alex Mathew of Geojit Financials, on CNBC Awaaz.

3:45 PM - Buy Mahindra & Mahindra with a target of Rs 400 and stop loss of Rs 340, says Anuj Dixit of Gupta Equities, on CNBC Awaaz

2:56 PM - Sell Reliance Communications on any rally with a target of Rs 185, says Prasad Kushe, technical analyst, on CNBC Awaaz. If market weakens, the stock will be available around Rs 100, he feels.

2:15 PM - Gradually accumulate RIL and Reliance Communications in frontline stocks and in the auto space Mahindra & Mahindra and Maruti Suzuki for the long term (2-3 years) for excellent gains, says MB Singh, technical analyst, on Zee Business.

1:54 PM - HSBC maintains a buy call on RIL with a target of Rs 1640, reports CNBC Awaaz.

1:27 PM - SMC Global maintains a buy call on Tata Motors with a target of Rs 230 and stop loss of Rs 135.50, reports CNBC Awaaz.

12:40 PM - Buy Reliance Capital with target of Rs 355, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 290, he adds.

12:27 PM - Hold Glenmark Pharma with target of Rs 161, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 105, he adds.

Nifty may test 4350-4330-4300 Levels

Today Nifty may test 4350-4330-4300 levels.

The panic selling may be there in mkt when RIL starts trading below 2180

DLF may test 474 level

Nifty 4460-4360 Range

Tomorrow Nifty may trade between 4460-4360. Either side break out may create good momentum.

Tomorrow RIL may trade between 2310-2240. Either side breakout may create good momentum.

In case DLF breaks down below 474 it may test 424. Its upside break out may be above 516.

In case RPL does not get good support around 160, it may test 145 soon.

In case RNRL, IFCI, RCOM do not trade in positive range tomorrow they may give up 8-15%

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Indian Stock Market

Here are some interesting info...

14 Aug 2008.....4:11 PM - Cairn India has formed a good base around Rs 210-215, it has a target price of Rs 350-375 in 12-24 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 245, up 1.89% on the BSE

14 Aug 2008.....3:20 PM - The downtrend has resumed and Nifty may test 4200, says Rajat Bose, technical analyst, on CNBC-TV18. Excel Crop Care is a good opportunity for the long term, he adds.

14 Aug 2008.....3:15 PM - The market may be subdued today ahead of the long weekend (market closed tomorrow on account of Indian Independence Day), says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. The market is likely to rally next week, once 4600-4650 is crossed Nifty could go to 4800 by this month end, he adds.
14 Aug 2008....10:19 AM - DLF can be a good short now, says Ashwani Gujral, technical analyst, on CNBC-TV18. Level like Rs 475 is possible here now, he adds. It is currently trading at Rs 524.95, down 4.3% on the BSE.

14 Aug 2008.....1:36 PM - RPL looks weak in the short and medium term, but for the long term it has support at Rs 145 and resistance at Rs 170-175, says Nitesh Shah, technical analyst, on Zee Business. The stock is currently trading at Rs 162, down 0.43% on the BSE.

14 Aug 2008.....10:51 AM - Infosys seems to be close to its intermediate bottom now and one can look at buying the stock at Rs 1,550 or so, says Ambareesh Baliga of karvy Stock Broking, on CNBC-TV18. It can go up to Rs 1,850 in the next 2-3 weeks' time, he adds. The stock is currently trading at Rs 1,665.95, up 2.5% on the BSE

13 Aug 2008.....3:57 PM - KS Oils has a target price of Rs 105 if it can cross the resistance of Rs 75 with good volumes, says Amarjeet Singh, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 49.50, he adds. The stock is currently trading at Rs 65, up 9.93% on the BSE

12 Aug 2008....3:57 PM - ICSA India has a price target of Rs 450 in 12 months, says Ashish Maheshwari, technical analyst, on CNBC TV18. The company has an order book of Rs 900 crore to be executed over 12 months, he adds. The stock is currently trading at Rs 348, down 2.28% on the BSE

12 Aug 2008.....11:38 AM- In the next market fall, one can look at buying L&T close to Rs 2,100 and BHEL, close to Rs 1,350, says Sanjeev Agarwal, technical analyst, on Zee Business

11 Aug 2008.....2:31 PM - Reliance Industries continues to be a buy for long-term investors and if one has a 24 month-horizon, one can see the stock go to Rs 5000, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 2316, up 2.91% on the BSE.

11 Aug 2008.....1:18 PM - Dish TV has a target price of Rs 100-125 in 12-18 months, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 37, down 0.66% on the BSE.

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Also these links may be interesting !!!

http://www.moneycontrol.com/india/news/brokerage-trecos/cairn-india-can-test-rs-265-270-gujral/18/16/352017
http://www.moneycontrol.com/india/news/technicals/mkt-may-correct-o-4200-4250-levels-ashwani-gujral/18/16/351896
http://www.moneycontrol.com/india/news/technicals/if-4500-breaks-next-move-will-be-down-sudarshan-sukhani/18/16/351724
http://www.moneycontrol.com/india/news/udayans-comments/global-cuescrude-prices-hold-key-to-mkt-moves/18/01/352080