ZOOOOOOOOOOOOOM
NIFTY FUT: If uptrend continues then it will zoom up to 4653.00-4655.00 zone. Corrections up to 4493.00 can be used to buy.
NOW<>>>>>>>>
NIFTY FUT: If uptrend continues then it will zoom up to 4515.00-4517.00 zone. Corrections up to 4447.00 can be used to buy. SL at 4355.00 level.
NIFTY 2ND TGT ACHIEVED NOW
NIFTY FUT: If uptrend continues then it will zoom up to 4469.00-4471.00 zone. Corrections up to 4424.00 can be used to buy. SL at 4355.00 level.
Cash Market: REDINGTON (NSE CMP 294.70) falling. Fall expected within a Month and start exit if rallies.
Cash Market: ORBITCORP (NSE CMP 293.05) looks good for 1 Week Holding. Not useful for Speculation. Start buy 25% now and remaining later.
NIFTY FUT: If uptrend continues then it will zoom up to 4446.00-4448.00 zone. Corrections up to 4401.00 can be used to buy. SL at 4355.00 level
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Only positional traders
ADD AND AVERAGE YOUR OLD SHORTS AND BUY MORE OF 4300 NIFTY PUTS.
Positional Traders
SHORT BANKINDIA TGT266,253.
SHORT SUZLON TGT212,208.
SHORT RCAP IF TRADES BELOW1340,TGT1310,1280.
SHORT SAIL TGT148,146.
SHORT ESSAROIL TGT212,206,SL 225
intraday calls
Cash Market Intra-Day: NUTEK (NSE Cash CMP 210.85) going up. Buy with a Stop Loss of 207.85 level
NIFTY FUT: Buy with a Stop Loss of 4355.00 level. Target at 4411.50-4413.50 zone.
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OUTLOOK FOR TODAY 2nd Sep 2008
vgm!!!!
"Our own Resolution To Succeed is More important Than Any one Thing."NIFTY FUTURES (F & O)
Support at 4334 level. Below this level, selling may continue up to 4320-4322 zone and thereafter slide may continue up to 4297-4299 zone.
Hurdle at 4360 level. Above this level, expect short covering up to 4365-4367 zone and thereafter expect a jump up to 4377 level.
Above 4400-4402 zone
, it can zoom up to 4411-4413 zone and those oppurtunities can be used to sell. Stop Loss at 4434-4436 zone.On Negative Side, break below 4286-4288 zone
can crate some panic up to 4263-4265 zone and thereafter it can tumble up to 4251-4253 zone by non-stop.Short-Term Investors:
Reversal (Negative) is seen. Exit on rallies.
Short-Term Upward Target at 4469-4471 zone.
Short-Term Support at at 4217-4219 zone.
-----------------JAI CORPORATION (NSE Cash): Avoid Short Selling
in this scrip. Rebound expected.Support at 302 level. Rebound expected at around this level. If not, then problem for bulls too.
Hurdle at 344 level. Supply expected at around this level. This supply should get absorbed too.
WELSPUN GUJ ST.RO FUTURES (NSE): Likely to Fall. Technically it should go down.
If breaks & sustains at below 320 level then downtrend may start and have caution.
Hurdle at 345 level. Supply expected at around this level. This supply should get absorbed too.
-------------U S Markets were closed yesterday for Labor Day.
The partially convertible rupee closed at 44.17/18 per dollar on yesterday, lower than Friday's close of 43.935/945.
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Book Profits in OIL & GAS INDEX Stocks
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Strong & Weak futures
This is list of 10 Strong FutureStrides
Arcolab, MPHASIS, Bambay rayon FAS, Punj Llyod, Indian Bk, Edu Comm, BOB, Moser Baer & Can Bk.
And this is the list of 10 Weak stocks ;
Edelweiss Cap, Hindalco, Aban, NDTV, Housing Dev India Info, Bongaigaon , India Infoline, Oswal Chem.& Rel.comm.
Nifty is in Down Trend.
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--
Arvind Parekh
+ 91 98432 32381
