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Showing posts from February, 2009

NIFTY for the month of MARCH 2009

NIFTY resistance 2800

If it break and close the resist , then target in upside 2900 and 3100.

If unable to break the resistance downside we may expect 2600 and 2500.

And below 2500  FREE FALL ..... .. ... 

NIFTY in BOX

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WHAT IS IN

I completly withdraw the 14 Feb.09 positional including NIFTY. When the market is in the single orbit (ie. 2500 to 3250) for the past 18 weeks and moved and trade in between all these 18 weeks, big positional thinking should be avoid ( i got the some reversal signal on second week of feb.09 but it reversed in third week of feb.09 itself). so back to squre one, let the market clear the above mentioned orbit, then think about the next move.

Last week most the countries were in new low or near to the new low. ie. one country sentiment dragging the other countries and this process may go on some more time before it delink.



In the meantime, GOLD may going to bubble (target $1800 to $2400 it is possible if it trade above $1200) with in 12 to 18 months period and after that bust like CURDE OIL (The same kind of people who manipulated the CRUDE OIL are now trying to play in the GOLD beacuse they don't have any other market to play. For this they may plant stories like curuncies are weak and…

REMINDER

14 Feb.09 all positional stops are near to today's low. Act accordingly.

POSITIONAL

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APIL (cmp 286) - Target 360-460 / Stop 245






CHAMBLFERT (cmp 42) - Target 55 - 67 / Stop 35







GNFC (cmp 63) - Target 99 - 121 / Stop 54






JPASSOCIAT (cmp 75) - Target 128 - 154 / Stop 58






JKLAKSHMI (cmp 42) - Target 74 - 92 / Stop 35








LITL (cmp 137) - Target 174 - 224 / Stop 115








NAGARFERT (cmp 18) - Target 28 - 34 / Stop 14







RAJESHEXPO (cmp 25) - Target 45 - 55 / Stop 19






RELINFRA (cmp 570) - Target 680 - 920 / Stop 505

NIFTY - MACRO VIEW

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NIFTY

CMP - 2950
TARGET - 3650 - 3850
STOP - 2750 - 2650





NIFTY

NIFTY - nothing new expect maintaining the last week (31 Jan.09)opinion :Marching towards 3120 . ( In-between resistance 2925 and support 2775 )(Repeated opinion for the last two months is : Nifty locked between 2500-3250 (already 16 weeks are over) range. Big move may happen once it break this locked range until then this kind of trading range only possible .)