RBI POLICY MEET ON 20/04/2010. NOW MARKET
FEEL THE HEAT EXPECTING MORE TIGHTENING
OF LIQUIDITY FROM RBI.
AS WE POSTED YESTERDAY MARKET
NIFTY RANGE WILL BE 5111-5377 UPTO THIS WEEK.
NIFTY CLOSE BELOW THE SUPPORT AT 5288.
5200 AND 5111 ARE OTHER SUPPORTS TO WATCH.
STRONG SUPPORT AT 5055
DONT SURPISE EVEN IF NIFTY TEST 4888
FOLLOWING LINES WE POSTED YESTERDAY AND
ALSO SUITABLE UPTO 20/04/2010.
SEE MORE TRADERS ATRACTED TOWARDS NIFTY
AND RISE IN VOLUME AND VOLATITY.
WE ASK OUR CUSTOMERS TO HOLD 5300 AND 5400 PUTS.
USE EVERY RISE OF 20-30 POINTS TO SHORT OR TO
BUY PUTS. HOLD UPTO 20/04/2010.
REMINDER.1
------------
EXIT ALL LONGS FROM REALITY AND PRIVATE BANKS.
ASTRO VIEW
============
MOON SAIL IN BARANI ( SUKRAN SAARAM)
ALONG WITH SUN.
THIS IS MESHAM SIGN WHICH IS
3RD PLACE FROM GURU AND 5TH FROM RAKU.
INDICATES CHOPPY DAY AHEAD.
NIFTY TRADERS AND FUTURE TRADERS
CAN MAKE MONEY ON BOTH SIDES.
PLEASE BE CAUTION AT CLOSING HOURS.
REMINDER.2
-----------
SUN SHIFTED TO HIS APEX HOME ON 14/04/2010
EXIT FROM SHORTS IN PHARMA AND PSU.
16/04/2010 BIRTH NO.7 FATE NO.5
SEE CHOPPY MARKET WHOLE DAY WITH
NEGATIVE BIAS.
SEE CORRECTION IN SECTORS WHICH
RALLY LAST WEEK.
AVOID LONGS IN LAST HOUR.
OUT PERFORMERS FOR 16/04/2010
-------------------------------
PHARMA AND MEDIA
UNDER PERFORMERS FOR 16/04/2010
--------------------------------
BANKS AND REALITY.
LAGNAA TIMES DURING TRADING HOURS
-----------------------------------------
OPENING ..to.. 10.08am RISHABAM NEGATIVE
10.08am ..to.. 12.20pm MITHUNAM NEGATIVE
12.20pm ..to.. 02.20pm KADAKAM NUETRAL
02.20pm ..to.. CLOSING SIMHAM POSITIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.
TECHNICAL VIEW
================
LAST CLOSE@5273 (-49 POINTS)
LAST HIGH@5373 LOW@5265
WEEKLY HIGH@5'9 LOW@5235
20DMA@5286
50DMA@5071
200DMA@4879
5DAY RSI 36 AND 14DAY RSI 54
INDICATE NO SIGNALS.
HOLD ALL PUTS AND SHORTS IN
NIFTY UPTO 20/04/2010
SWING TRADERS MAY HOLD FOR ANOTHER WEEK.
EXPECT RANGE 5111-5377 FOR THIS WEEK.
RESISTANCE FOR 16/04/2010..... 5288/5311/5333
SUPPORTS FOR 16/04/2010..... 5244/5200/5155
