INDIAN STOCK MARKET NEWS LETTER FOR 26/07/2010


N. Karunakaran


Real time Experience in Indian Stock Market Over 17 Year


Cell: 09282150677: SMS Cell: 09884387259 Email: karunakaran@investearn.com



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For 26-July-2010


Market Trend -Short term -Bullish-Intermediate term-Neutral-Long Term-Bearish


Suggested standing placement of fail-safe stops...

If Weekly Nifty future Long -- exit all contracts at ... 4,786.45

If Weekly Nifty future Short -- exit all contracts at ... 5,476.00


Weekly NSE Index (C-5449.10) Resistance 5500 5550

Weekly NSE Index Support 5425 5375 5300


Weekly BSE Sensex (C-18130.98) Resistance 18300 18465

Weekly BSE Sensex Support 18070 17900 17680


Weekly Nifty Future (C-5443.80) Resistance 5500 5550

Weekly Nifty Future Support 5420 5370 5300


Weekly Bank Future (C-10059.70) Resistance 10150 10245

Weekly Bank Future Support 10030 9940 9820


Suggested standing placement of fail-safe stops...

If Daily Nifty future Long -- exit all contracts at ... 5,233.10

If Daily Nifty future Short -- exit all contracts at ... 5,476.00


Daily NSE Index (C-5449.10) Resistance 5455 5475 5500

Daily NSE Index Support 5430 5410


Daily BSE Sensex (C-18130.98) Resistance 18155 18300

Daily BSE Sensex Support 18070 18010


Daily Nifty Future (C-5443.80) Resistance 5450 5470 5500

Daily Nifty Future Support 5420 5400


Daily Bank Future (C-10059.70) Resistance 10065 10120 10180

Daily Bank Future Support 10000 9950





Short Term Buy Calls

High risk high gain zone with shorter time



SAIL-AUG-FUT(C-206.05): Weekly Chart Looking Strong: Buy around 203 Target1:-211, Target2:-(Paid):Support1:- 198-Support2:-190



SESAGOA-AUG-FUT(C-361.6): Weekly Chart Looking Strong: Buy around 354 Target1:-376, Target2:-(Paid):Support1:-340-Support2:-317



APIL (C-704.4): Daily Chart Looking Strong: Buy around 689 Target1:-727, Target2:-(Paid):Support1:-667-Support2:-630



KGL (C-19.55): Daily Chart Looking Strong: Buy around 19.20 Target1:-20.3, Target2:-(Paid):Support1:-18.5-Support2:-17.4





As per our level, the trader should take BUY position just around our buy around level and keep the stop of Support1 level and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at buy around level .Similarly if price goes around our Sell around level the trader should SELL and keep the Resistance1 as Stop and the first target would be Target1. If Target1 is crossed then Target2 becomes the next target with the stop at Sell around level. If any time stop triggered (Buy/Sell) go reverse(buy calls  mean go short-Sells call mean go long )- For buy call stop (Support1) triggered- you go short and keep target as Support2 and keep stop as Buy around- For sell call stop triggered(Resistance1)-you go long and seep target as Resistance2 and keep stop Sell around level    

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Disclosure:

The analyst and his dependents hold no positions in the stocks/futures where calls are given.



DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.