Intraday Tips
* L&T Nov. Future (Rs. 1616)
Buy L&T Nov. Future (Rs. 1616) only on a move above 1630 with a stop loss
below 1612 for an intra-day target of 1659.
* RELIANCE
Weekly Trend Decider 2076.Today resistance are 2100, down side target 2040-2034.
* UNITECH
Weekly Trend Decider 86.50 . Trading range 80 to 90.... Break out will one side move. Today below 80 selling opportunity target 75.. stop loss above 83.
* JP ASSOCIATES
Weekly Trend Decider 233. Higher level resistance 245 and real strength show only above that level.... Today break 222, further weakness and it will test 212 or below.
* PUNJ LLOYD
Keep a stop loss 223 and play for short sell, below 210, real panic can not be ruled out.
* BANK OF INDIA
Weekly Trend Decider 372. Keep a stop loss yesterday high 395 and sell... negative divergence on the chart...... down side first target are 350......
* HDIL
Weekly Trend Decider 363. Below 350 do not remain long in this counter........down side target 323....
Market (Sensex, Nifty) predictions for 20th Nov,2009
NIFTY
Nifty closed 5000 which is almost 200 points week to week basis and low was 4860 and high was 5017. Over all momentum in Nifty are indicate that short term correction is over and up trend remain intact as hold their support level. Over all market is up and we may consider support are 5000 and also consider stop loss for any position....In current move modest target are 5080 almost achieved on yesterday and further up move only above that level which will go beyond 5150-5180 likely. At the current level, do not think any short selling, however correction is on going process of bull market and sooner or later it will happen. On the other hand PE ratio of the Nifty moving above 22 which indicate cautious approach at higher level.
Today 4963, break below it will come down up to 4940-4910, higher level resistance are 5000-5040.. Weekly trend decider 4936
BSE
Last week, strong recovery from the low of 16100 and almost closed with weekly high and gained nearly 900 points week to week basis. No we may consider support 16300-16000 as remain decline to buying opportunity close below 16000 will negated the views, higher level above 17000m immediate target 17500-17600 or above. Today support are 16712, break below it will come down up to 16500, higher level resistance are 17000.
Note: More intra-day opportunities will be provided
live during the market hours
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