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Weekly Nifty Outlook (08/11/2010 - 12/11/2010)
Weekly Nifty Outlook for the week 08/11/2010 - 12/11/2010 : Stay Bullish on Nifty Fut for medium term till 6176 is held.
Nifty Fut will face stiff resistance at 6349-6366 levels crossing & sustaining above
which, it will touch 6449 & 6496. But, If fails to cross & 6367, Will be in a trading range 6176-6367.
Strong support lies at 6179-6184. Only if it breaks & closes below 6176, it may touch 6091 & 6014.
Strategy should be to Buy on dips till it does not break 6176. Buy NTPC 200 CA (CMP 3) on dips of Rs 2 & Hold. Do not buy huge.. Hold Sun Pharma Advanced (SPARC) bought arnd 90-91 with SL as 88 on Closing Basis & Nagarjuna Const bought around 145-146. This Stock will require some more patience. Buy Punj Lloyd on small dips. Can give a dead-cat bounce upto 135/145 if 118-120 Levels are sustained. Even Shipping Corp is poised for a small rally of 6-8%. Buy on dips of 175-178. For More Intraday Trades on Stock Futs / Cash / Nifty Fut, Contact us at 9987750901. Team Market View Investments.
Happening Exactly as Advised in Weekly View : Resistance given 6349. High after that 6347 !! Did not cross it & cracked upto 6176. Below 6176, Level of 6091 also done. Hope you enjoyed!! We Shorted 6310 to 6090.
ReplyDeleteSent Earlier : Nifty Fut will face stiff res @ 6349-6367. If fails to cross 6349-6367, Will be in a trading range 6176-6367. If it breaks & sustains below 6176, it may touch 6091.
Stock Specific :
SPARC advised @ 90 levels did 110....Return of 20%....
Punj Lloyd also gave decent returns 126 to 135.
Nagarjuna Const did 156++
Shipping Corp advised to buy on dips...Has fell from 181-183 levels to sub-175 levels. Can Still be held as a medium, term delivery.
Dont Add more of NTPC 200 CA bought around 2-2.4..As Time Value may decay incase Stock does not recover.
Regards,
Team Market View Investments.
Mo : 9987750901.