Monday, April 5, 2010

YESTERDAY CALL
BOMFYEING
Today this stock traded in a tight range and had a down closing. Technically a stopping pattern had formed in the price chart. In addition, it had strong resistant around 563 levels. I expected a correction today in this stock and not happened. I was wrong.
NIFTY TODAY
Today nifty ended with marking new 52 weeks high. In addition it had also signaled an upside breakout. Market breath was good with 44 advances and 6 declines. FII’s were net buyers for 766.07 crores and DII’s also joined hands with buying for 403.33 crores. Volume was low which bothers. Technically in the price chart an upside breakout had happened. Today it was good day!
NIFTY TOMORROW
Technically in the price chart a breakout had happened and as FII’s were buying we may see an up move from here. Around 5280 levels nifty finds good support. There may be profit booking now and then, probably tomorrow or a day after tomorrow and we should be prepared for that. Today nifty had resisted strongly around 5380 levels, which should be watched for tomorrow trade. Today, till 2’0 clock nifty was trading around 5330 levels and then had a surge. So for tomorrow trade these levels have to be watched. Lets see how it pans out.
NIFTY LEVELS
BUY ABOVE - 5383 T1 – 5427, T2 - 5463, T3 - 5483. SL – 5368.
SEL BELOW – 5350, T1 – 5327, T2 – 5301. SL – 5368.
FREE CALL
BOMDYEING
Technically Still I expect a mild correction tomorrow in this stock. As a stopping pattern had formed in the price chart I feel we can sell this stock, this time, with a stop loss.
SELL BELOW - 555 T1 – 546, T2 – 538. SL – 563.

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1 comment:

mmshrvankumar said...

today i get profit in bombey dyieng man thanks for ur guidances