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pivot 5199.63.
above 5200(short term trendline as well as pivot) the lvl is 5300.
but today nifty has closed below short term trendline, an indication of bearishness in immediate term. if the weakness continues, it can slide further upto 5000, hence caution at current lvls is advised.
due to some technical problems in the blog, some of the features on this blog will not get updated for some time. inconvenience caused is regretted.
nifty pivot for tomorrow 5189.26.
resistance 5205/5209/5233/5261
trendline supports 5150/5000/4900.
short nifty if closes below 5150.
other imp support 4940.
sl for positional longs 4849.
my feeling is the sensex may get resisted around 18000. from my observation(see the chart) the sensex makes steps of 2000. from 16000 it came down to 14000 then went up to 16000 spent some time there then went fast toward 18000. hence if a correction comes now it may last upto 16000. then the next upward tgt will be toward 20000.
for 3rd oct 2007
(all spot prices)
short term trendline support 5000 closing basis.
medium term trendline supports 4740/4670
200 dma 4169.
other strong support 4940.
fibonacci 38.2% retracement(4445 to 5089) 4843.
pivot for wednesday 5053.
trend change sl positional 4792.
intraday resistances 5089/5098/5110/5145, support 5050/5000.
in short, 5145-5110-5098-5050-5000-4940-4840-4792-4740-4670.
fut.(strictly intraday)
sbin buy above 1974 tgt1 1984 tgt2 2010 sl 1970
pantaloonr buy above 548 for tgt1 555 tgt2 560 sl 543
maruti buy above 1008 tgt1 1033 tgt2 1050 sl 1000
unitech sell below 310 tgt1 304 tgt2 299 sl 312.50
litl sell below 348 tgt1 342 tgt2 334 sl 356.50
trade any of these according to mkt direction near cmp or sl, u may also buy call or put options instead of futures.
follow-up on these calls
sbin sl hit, a loss of 4 points, stock coming down on news of no sbi rights issue.
pantaloonr above 548 stock touched a high of 581.80 and closed at 578.50, a gain of 30 points.
maruti stock came down on not so good sep vehicle sales figures hitting sl, a minor loss of 8 points.
unitech call not initiated as stock never came to below 310.
litl early morning the stock could reach upto 343.50 then reversed upward.
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