Trading with PT style

[praveen taneja]

RIL-RNRL case update: exclusive
-6 RIL directors file standalone affidavits
RIL directors say
-MoU never seen, read by RIL board
-RIL board never accepted, approved MoU

 

[praveen taneja]

Above 5057 level, rally may continue up to 5073-5075 zone and thereafter expect a jump up to 5105-5107 zone by non-stop.

Support at 5005 & 5029 levels. Below these levels, expect profit booking up to 4954-4956 zone and thereafter slide may continue up to 4906-4908 zone by non-stop.


Buy if touches 4922-4924 zone. Stop Loss at 4874-4876 zone.


On Positive Side, cross above 5121-5123 zone can take it up to 5153-5155 zone by non-stop. If crosses and sustains this zone then uptrend may continue.

 

[praveen taneja]

I think most people believe that stocks are going to generally keep drifting higher for the next few months," said Gary Webb, CEO at Webb Financial Group. "So while nothing fundamental has changed this week, investors are taking opportunities to buy on the lows."

 

[praveen taneja]

Jindal Saw to consider stock split

 

[praveen taneja]

Market Happenings ::
1. Securities in Bann period - KFA, ISPAT IND.
2.Bharti Group CEO - Mulling buyout of Sri lanka co Millicom
3. Jindal Saw to mull stock split on oct. 15
4.Trading Holiday on Tuesday October 13, 2009 on account of Assembly Elections in Maharashtra confirm your self also

 

[praveen taneja]

After highly volatile session markets ended weak, Nifty by 42 points at 4985 dot at the final support of the day .

I.T stocks were the laggards due to $ depreciation. Along with I.T Sector Auto / Banking , Oil & Gas were laggards while other indices were flat to +ve.

 

[praveen taneja]

Bullish stock :

RELCAP TILL 885 HOLDS ON DOWNSIDE.RESISTANCE AT 923


Unitech till 96 holds


BEARISH STOCKS :

INFOSYS BELOW 2278


SUZLON BELOW 88

ICICI BANK BELOW 945

 

[praveen taneja]

Nifty future: Buy above 5028 sl 4998 tgt 5049 / 5085 sell below 4970 sl 5022 tgt 4933

 

[praveen taneja]

Asian Markets
Asian shares trading higher on Thursday.

Nikkei Stock Average 225 up 49.81 points at 9,849.41.
Hang Seng Index up 113.53 points at 21,355.10.
KOSPI Index up 0.26 pct at 1,602.19.

US Markets
US Markets ended flat on Wednesday.Dow Jones industrial average down 5.67 points, down 0.06 percent, to 9,725.58. The Standard & Poor's 500 index up 2.86 points, up 0.27 percent, to 1,057.58. The tech-heavy Nasdaq composite index up 6.76 points,up 0.32 percent, to 2,110.33.

 

[praveen taneja]

nifty support 4950 resi at 5050 will touch both today wait and see seems double bottom around 4980 lets see