Dear sir.
Please find attached our views on equity markets.
Zahid latif--~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---Title: MARKETS FOR 16TH FEBRUARY
MARKETS FOR 16TH FEBRUARY,2009
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NIFTY(2948)-
As required for positive trading market opened above 2920
and traded for 4 hours with in a range of 20 points, then short
covering pushed by another 30 points in next 1 hour. Today if it
trades above 2960 it may reach 2980 and 3014.On the down side
support exists at 2924 and 2908.Only a close below 2924 with volume
can see some correction. Market will be watching presentation of interim
budget with interest to decide future direction.
RELIANCE(1392)-
The stock closed over 1374 and has recovered momentum. It has
support at 1384 and 1376,if the stock trades above 1401 it can retest
1414,closing over this it can move to 1450,for which it needs volume
which was not encouraging on Friday.
RElCAPITAL(433)-
The stock has support at 425-415,trading over 430 target can be 445
and 457.
RELINFRA(569)-
Support at 562 and 560,up side target 574,579 and 601.SL 550.
INFOSYS(1251)-
Resistance at 1264-1271-1284,Support1240-1225.
JSWSTEEL(232)-
If it gets support at 231 target can be 235 and 241.
Support is at 225 and 217.Holding time 2/3 trading days.
ICICIBANK(434)-
Target 436,442 and 450.Trading below 431 it can take support at
429 and 420 SL 410.Two or three close below 425 can trigger correction.
SAIL(90.65)-
It is a buy at 88.5 SL85 ,Target 92,95 and 97.Time 2/3 days.
PUNJAB TRACTOR (102.5)-
Support at 96 Target 110,SL 87.Hold for 3/4 days.
POWERGRID(93.8)-
Target 100 support 89 and 86 SL. 2/3 days.
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