SMS Trade Archive - A few good trades



06-April-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ARSSINFRA
1165
1154
1198
1165

Market Commentary: 

Market remained sluggish throughout the day on slightly higher volume. NIFTY (cash) has a major resistance at around 5450. Major correction could start thereafter if this level is not violated.




01-April-2010
Entry
Stop Loss
Target
Exit
Chart
Result
BIOCON
292
289
298
298

HDFC
2750
2740
2788
2788

Market Commentary: 

Market opened strong & remained strong throughout the day. Tomorrow, NIFTY will have support at 5240 & resistace at around 5360




19-March-2010
Entry
Stop Loss
Target
Exit
Chart
Result
GLOBUSS PR
124
121
132
132

RELIANCE
1083
1080
1096
1096

Market Commentary: 

Market opened weak & remained sluggish throughout the day. Breakout above 5261 took place in the end minutes. For Monday, NIFTY will have support at 5222 & resistance at aroung 5350.




03-March-2010
Entry
Stop Loss
Target
Exit
Chart
Result
RELIANCE
1016
1006
1043
1028

MCDOWELL
1427
1416
1452
1450

Market Commentary: 

Market opened stromg & remained strong throughout the day on better volume. Tomorrow, NIFTY will have resistance at arounnd 5210 & support at around 5000.




02-March-2010
Entry
Stop Loss
Target
Exit
Chart
Result
SESA GOA
414
408
420
419.95

MAH&MAH
1051
1040
1062
1062

ACC
964
957
971
971

Market Commentary: 

Market opened gap up & remained bullish throughout the day but on lower volume. Tomorrow, NIFTY has a resistance at aroung 5060 & support at around 4970.




19-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
AXIS BANK
1088
1083
1105
1105

Market Commentary: 

Market opened weak & remained weak throughout the day. Tomorrow, NIFTY has support at around 4850 & resistance at around 4950 level.




17-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1230
1220
1250
1250

Market Commentary: 

Maket opened with a gap but failed to maintain momentum even with higher volume. Tomorrow, NIFTY has a strong resistance at around 4950 & support at around 4840 level.




09-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
AXIS BANK
1033
1026
1064
1057

Market Commentary: 

Market opened weak but recovered in the morning. After showing signes of strength, suddenly turned sluggish & closed marginally up on lower volume. Tomorrow, NIFTY will have support at around 4680 & resistance at around 4880.




05-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
AXIS BANK
1005
1015
987
995

BHUSHAN STEEL
1506
1512
1460
1476

Market Commentary: 

Market opened weak & remained weak throughout the day. NIFTY has a minor support at around 4680 with a major support at around 4530 level




04-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
INFINITE
208
203
230
218

Market Commentary: 

Market opened weak & continued to slide throughout the day. NIFTY has a major support at 4766, below which 4700 is the last hope. If tomorrow NIFTY closes below 4700, a true bearish trend will  is seen in the comming days.




03-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
TATA STEEL
593
588
604
603.6

AXIS BANK
1053
1047
1072
1072

JSW STEEL
1008
998
1029
1029

Market Commentary: 

Market opened strong & remained strong throughout the day. 4950 again proved to be a stronger resistance, successively on second day for NIFTY. Tomorrow, NIFTY has a resistance at 5030 & support at 4810 level




01-February-2010
Entry
Stop Loss
Target
Exit
Chart
Result
THINKSOFT
467
462
478
478

JINDAL STEEL
647
641
663
663

Market Commentary: 

Market opened weak but  recovered  gradually on lower volume. Tomorrow, NIFTY (cash) has resistaces at 4950 & 5030 levels with supports at  4760 & 4700 levels.




29-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1162
1151
1199
1199

Market Commentary: 

Market opened weak & gave an intraday low of 4766. Thereafter, market recovered sharply to close almost at the day's high. For Monday, NIFTY has a support at around 4700 & resistance at around 4950 level.




28-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
HIND.ZINK
1117
1135
1090
1100

Market Commentary: 

Nothing much to comment about.




27-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ICICI
805
811
790
790

Research Commentary: Nothing much to comment about.



25-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1299
1287
1311
1311

HIND COPER
631
619
645
645

JAY CORP
306
301
322
322

Market Commentary: 

Market remained sluggish but bearish trend throughout the day. Volumes were low & 4950 level of NIFTY is still intact.




21-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
BEML
1163
1169
1149
1149

Rel. Ind. Infra.
1043
1037
1070
1057

Market Commentary: 

Market opened weak & slided throughout the day on higher volumes. NIFTY has next support at around 5050 level.




18-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
FIN.TECH.
1646
1621
1710
1695

Market Commentary: 

Market opened weak but recovered smartly to close 22.65 points above the previous close. NIFTY has resistances in the 5293 - 5310 range & support in the 5230 - 5170 range.




15-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ACC
956
951
985
985

BOM.DYEING
557
551
587
587

FIN.TECH.
1630
1621
1639
1639

Market Commentary: 

Market remained sluggish throughout the day in the narrow range. NIFTY has resistance at 5300 & support at 5160 for the next week.




08-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
SELAN
384
379
400
402

Market Commentary: 

Market was in correction mode throughout the day. NIFTY has supports at 5160 & 5120 levels with resistance at 5315 level.




07-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1436
1446
1490
1452

Market Commentary: 

Market remained in the correction mode today & tested the gap given on 5th Jan. 2010. Tomorrow, NIFTY will have supports at 5230 & 5180 levels with resistances at 5315 & 5375 levels.Weekly chart however looks more promising with a target of 5500.




06-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
MCLEODRUSS
291
286
306
307

Market Commentary: 

Maket remained sluggish throughout the day on lower volumes. NIFTY Chart shows Doji - indecision.




05-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
EDUCOMP
784
775
793
793

JSW STEEL
1082
1070
1115
1115

Market Commentary: 

Market opened with a gap & remained range bound throughout the day. Volumes were good. NIFTY has a resistance around 5310 level with a support at 5250.




04-January-2010
Entry
Stop Loss
Target
Exit
Chart
Result
TATA MOTORS
809
802
822
822

Research Commentary: Nothing much to comment about.



31-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1277
1277
1289
1289

Market Commentary: 

Market remained bullish but after the opening jump, movement was alost sideways.




23-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
TATA MOTORS
739
734
748
748

RANBAXY LAB
527
523
531
531

JSW STEEL
1005
999
1011
1011

Research Commentary: Nothing much to comment about.



22-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
STATE BANK
2168
2162
2174
2174

Research Commentary: Nothing much to comment about.



18-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
MPHASIS
725
719
731
731

Research Commentary: Nothing much to comment about.



17-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
PANLOON
372
367
377
377

Research Commentary: Nothing much to comment about.



16-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ACC
851
849
862
862

Research Commentary: Nothing much to comment about.



08-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
MCDOWELL
1392
1382
1402
1402

JSW STEEL
992
986
1007
1007

Research Commentary: Nothing much to comment about.



03-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
MPHASIS
697
691
703
703

Research Commentary: Nothing much to comment about.



02-December-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JET AIRWAYS
528
520
546
546

Market Commentary: 

Market opened strong but remained sluggish throughout the day, forming a DOJI pattern on NIFTY. Volumes were good therefore, tomorrow, can be a correction day. NIFTY has resistance at 5182 & support at around 5040 level




30-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JINDAL SAW
892
891
914
914

Market Commentary: 

As expected, Market opened strong & remained strong throughout the day. NIFTY has a support at 4940 & resistance at 5138. If the 5138 is violated with higher volume, it will be a confirmation of market  strength. International markets will play a vital role.




27-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1221
1226
1260
1250

RANBAXY LAB.
442
436
448
448

JP ASSOCIATES
210
214
203
205.6

Market Commentary: 

International markets pushed Indian Markets down up to 4800 level, but thereafter the recovery was smart. On Monday, NIFTY will have support at around 4800 with a resistance around 5138 level.




23-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JINDAL SAW
897
880
914
914

ACC
780
772
788
788

Market Commentary: 

Market opened strong but remained wobbling around the intra-day high, on lower volume. Tomorrow, NIFTY has a resistance around 5114 & support around 5010 level.




20-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
PRATIBHA
258
262
247
254.5

JSW STEEL
846
837
861
861

Market Commentary: 

NIFTY opened weak & continued to slide upto 4932 & suddenly reached 5063.30, but on lower volume on daily chart, though, on weekly chart, volume is good. NIFTY has resistance at around 5080 level & support at 4930 level for Monday.




19-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JSW STEEL
1008
993
1040
1038

BHUSHAN STEEL
1394
1383
1405
1405

STATE BANK
2300
2305
2278
2278

Market Commentary: 

Market opened weak & continued to slide throughout the day. Rally that started at 5038 had to give correction. NIFTY has support at around 4900 level, but market looks gaining strength on healthy correction.




17-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ORBIT CORP
334
325
343
346

Research Commentary: Nothing much to comment about.



16-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
LIC HOUSING FIN.
883
877
889
891

LITL
543
539
553
553

KOTAK BANK
822
815
829
829

Market Commentary: 

Market opened strong & remained sideways at the higher level but failed to move up on higher volume. NIFTY has closed above 5035 level but on lower volume. If volume picks up tomorrow, the bullish trend will become stronger, otherwise, correction will start.




13-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
KOTAK BANK
811
805
832
816.8

Market Commentary: 

After yesterday's high volume fall, NIFTY has shown smart recovery on lower volumes. On Monday, NIFTY has to break above 5035 level with higher volume to open the gates for the target 5300. If 5035 level is not  violated, 5000 & 4860 are the support levels.




11-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
SESA GOA
342
339
356
345

MCDOWELL
1200
1194
1230
1206

TATA MOTORS
612
607
624
624

Research Commentary: Nothing much to comment about.



10-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JSW STEEL
854
838
885
870

JSW STEEL
854
838
885
870

Research Commentary: Nothing much to comment about.



09-November-2009
Entry
Stop Loss
Target
Exit
Chart
Result
REL. CAPITAL
795
780
835
810

DCHL
158
154
168
162

Research Commentary: Nothing much to comment about.



28-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
L&T
1599
1590
1625
1607.7

Research Commentary: Nothing much to comment about.



21-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
AJMERA
277
270
289
289.3

Research Commentary: Nothing much to comment about.



16-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
LITL
550
542
568
568

Research Commentary: Nothing much to comment about.



14-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
BHARAT FORGE
285
282
292
307

Research Commentary: Nothing much to comment about.



12-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
HDIL
365
357
381
374.8

Research Commentary: Nothing much to comment about.



07-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JSW STEEL
898
892
918
906

STERLITE IND
815
807
842
821

Research Commentary: Nothing much to comment about.



06-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
lupin lab
1219
1203
1251
1239

Research Commentary: Nothing much to comment about.



05-October-2009
Entry
Stop Loss
Target
Exit
Chart
Result
Jet Airways
354
347
370
384

Research Commentary: Nothing much to comment about.



30-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
KOTAK BANK
777
771
793
784

WIPRO
586
580
599
599

Research Commentary: Nothing much to comment about.



25-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ABAN
1578
1570
1608
1594

Market Commentary: 

 A




24-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
HDFC BANK
1598
1590
1621
1621

Market Commentary: 

Market opened weak & remained weak throughout the day onaccount of F&O settlement. Volume was good & undercurrent strong. Tomorrow, NIFTY will have resistance at around 5097 & supports at 4900 & 4880 levels.




22-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
MPHASIS
648
641
669
663

TATA MOTORS
604
591
636
620.9

Market Commentary: 

Market opened strong & remained bullish on lower volumes. NIFTY has resistance at 5130 & support at 4930 tomorrow.




18-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
BHARAT FORGE
274
265
298
294

LIC HOUSING FIN.
749
743
769
769

Market Commentary: 

Market remained sluggish throughout the day on lower volume. NIFTY has supports at 4930 & 4890 levels with resistances at 5003 & 5150 levels.




15-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JINDAL STEEL
600
591
615
615

Market Commentary: 

Market opened strong & remained strong throughout the day. With 4780 as support, NIFTY has 4970 as a resistance for tomorrow.




08-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ABG SHIPYARD
241
235
251
251

STERLITE IND.
730
725
753
753

Market Commentary: 

 Market opened  bullish but remained sluggish throughout the day. In the last hour, profit booking pushed the market down. NIFTY has supports at 4760 & 4710 levels with resistances at 4840 & 4970 levels




07-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
RCOM (SMS TRADE)
302
299
313
313

JSW STEEL
709
700
750
727.5

JINDAL STEEL (SMS PRIME)
3417
3396
3479
3479

Market Commentary: 

 Market opened strong & remained strongly bullish throughout the day. The crucially important level of 4760 was successfully crossed by NIFTY with higher volume. This is the start of a new phase in our Market. Tomorrow, NIFTY will have resistances at around 4840 & 4970 levels. 




04-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
HIND.ZINK
777
769
798
792.4

Market Commentary: 

Market opened strong but lost its momentum in the early hours. In the aftenoon, NIFTY bounced back & startrd recovery to end on a positive note with higher volume. On Monday, NIFTY will have a major resistance at 4760 level, above which it may reach 4900 level.




03-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
RCOM
288
284
298
295

Market Commentary: 

Market opened on a bullish note but remained sluggish throughout the day on lower volumes. Tomorrow, 4550 remains a crucial support level for NIFTY, below which, market will show signs of weakness.




01-September-2009
Entry
Stop Loss
Target
Exit
Chart
Result
TECHM (SMS TRADE)
988
980
1013
1008

TECHM (SMS SWING)
943
931
977
977

EDUCOMP (SMS PRIME)
4246
4226
4310
4309.9

Market Commentary: 

 Market opened strong but failed to sustain its bullish swing & closed on a bearish note. NIFTY has supports  at  4600 & 4550 levels.




31-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
TECHM
938
933
960
959.7

Market Commentary: 

 Market opened weak & remained bearish throughout the day. Once again NIFTY has failed to break above 4760 level. Tomorrow, NIFTY has support at 4610 & 4550 levels




30-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
PUNJLLOYD
272.5
270
278
275.3

Market Commentary: 

 Market opened weak but recovered in the afternoon on lower volumes. On Monday, NIFTY will have a crucial resistance at 4760 level.




27-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
REL IND.INFRA. LTD.
1055
1023
1110
1110

Market Commentary: 

 Market remained sluggish throughout the day due to the F&O settlement. Tomorrow, NIFTY will have a crucial resistance at 4765 & support at 4530 level.




26-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
FIN.TECHNOLOGIES
1524
1510
1549
1538

STERLITE IND.
670
664
683
683

Market Commentary: 

 Market opened strong but failed to make a big move. Tomorrow is the F&O settlement day & therefore, market may remain uncertain.




25-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
TATAMOTORS
465
459
481
481

RANBAXY LAB
333
326
348
344

TECHM (SMS INVEST)
865
858
885
885

Market Commentary: 

 Market opened weak & as expected, recovered after an intra day correction. Volumes were good & tomorrow NIFTY has resistance at around 4750




24-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
HDIL
292.5
288
303
299

Market Commentary: 

Market was bullish throughout the day. Gap up open & thereafter a range bound movement was the feature of today's market. Tomorrow, NIFTY will have resistance at around 4750 level.




20-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JINDAL SWH
1065
1045
1092
1085

Market Commentary: 

Market opened strong & continued to remain strong but in the last hour, profit booking pushed the market down. NIFTY has a strong support at around 4325  level.




19-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
L&T
1464
1442
1497
1497

Market Commentary: 

Market opened strong but slided in the afternoon. NIFTY recovered in the last hour but ended 64 points lower. Tomorrow, NIFTY must take support at around 4325 level if market has to regain its lost momentum.




14-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
RELIANCE
2044
2044
2097
2064

Market Commentary: 

As expected, market remained sluggish throughout the day. On Monday, NIFTY will have support at 4630 & a resistance at 4630 level.




13-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
BHUSHAN STEEL
852
842
869
869

JSW STEEL
706
701
723
723

DLF
386
383
401
401

Market Commentary: 

Market bounced sharply to confirm trend reversal with a rally of 147.50 points. Tomorrow, market may give small correction up to 4630 level before starting a new up surge.




03-August-2009
Entry
Stop Loss
Target
Exit
Chart
Result
RCOM
286
282
295
292

RELIANCE
1991
1973
2032
2031

CUMMINS (I)
291
286
304
304

Market Commentary: 

Market opened weak but gathered momentum in the afternoon by breaking above the major resistance of 4700. Tomorrow, the market may show weakness as it has gone up on lower volumes today.




31-July-2009
Entry
Stop Loss
Target
Exit
Chart
Result
STATE BANK
1780
1760
1810
1810

Market Commentary: 

Market opened strong & remained strong throughout the day. Tomorrow, NIFTY has resistance at 4700 & support at 4650 level.




30-July-2009
Entry
Stop Loss
Target
Exit
Chart
Result
REC LTD
195
192
202
202

HDIL
272
268
282
281.7

HDFC
2443
2425
2500
2498

Market Commentary: 

Market opened weak but recovered in the afternoon. Tomorrow, NIFTY has resistance at 4600 & support at 4500 level




27-July-2009
Entry
Stop Loss
Target
Exit
Chart
Result
BOMBAY DYEING
327
321
342
339

Market Commentary: 

NIFTY opend weak & after a showing some recovery, slided again to give low of the day at 4528. Thereafter NIFTY regained the opening level on lower volume. Tomorrow, 4600 level is crucial above which next resistance is at 4700. On downside, NIFTY has support at 4450 level.




24-July-2009
Entry
Stop Loss
Target
Exit
Chart
Result
MARUTI
1360
1340
1384
1384

Market Commentary: 

Market opened weak but recovered in the afternoon. NIFTY has a crucial resistance at 4600, above which a sharp up trend is expected.




03-July-2009
Entry
Stop Loss
Target
Exit
Chart
Result
STATE BANK
1783
1774
1810
1810

Market Commentary: 

Market has shown signs of improvement but volumes are weak. On Monday, the Budget Day, NIFTY has intra-day resistances at 4694 & 4440 level with supports at 4250 & 4740 levels. It is advisable to keep away from trading when market is expected to remain volatile.




30-June-2009
Entry
Stop Loss
Target
Exit
Chart
Result
HDFC
2443
2425
2500
2498

REC LTD
195
192
202
202

HDIL
272
268
282
281.7

HDFC
2443
2425
2500
2498

Market Commentary: 

Market showed weakness in the early hours but improved later on in the day. Tomorrow, NIFTY will have resistance at around 4640 level, above which, next target will be 4700.




08-June-2009
Entry
Stop Loss
Target
Exit
Chart
Result
DLF
404
414
377
377

Market Commentary: 

Market opened weak & remained weak throughout the day. Its a good correction which has support on NIFTY at around 4364 & 4273 levels.




03-June-2009
Entry
Stop Loss
Target
Exit
Chart
Result
CAIRN
267
274
250
255

ABAN
1045
1024
1098
1098

Market Commentary: 

After showing initial weakness, market revered & again slided in the afternoon. One good correction is badly needed for the market to gain strength. Tomorrow, market will have resistance at 4610 & support at 4420 level




02-June-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JP ASSOCIATES
214
206
242
228

Market Commentary: 

Market opened strong & remained strong throughout the day, breaking above the previous top. Tomorrow, NIFTY will have support at 4470 & resistance at around 4662 levels.




29-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
DLF
381
375
421
420

Market Commentary: 

Market opened strong & continued its bullish trend throughout the day. For Monday, NIFTY will havw resistance at 4510 & support at 4340 levels




27-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ESSAR OIL
177
173
186
182

STATE BANK
1770
1759
1820
1795

RELIANCE
2180
2169
2215
2205

Market Commentary: 

Market opened strong & continued the bullish trend throughout the day, but on lower volume. This is a rally after high volume fall, therefore chances of continuation are high. Tomorrow, NIFTY will have supports at 4090 & 4020 levels with resistances at 4371 & 4510 levels.




21-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ESSAR OIL
179
174
205
187

RCOM
312
305
332
332

Market Commentary: 

Market was sluggish & volatile in narrow range. Volumes were low. The correction mood continued. Tomorrow, NIFTY has supports at 4160 & 4020 levels with resistance at 4319 level.




20-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ESSAR OIL
162
157
183
183

Market Commentary: 

Market remained sluggish throughout the day. The end was on bearish note. The level of volume was lower than that was yesterday. Tomorrow, NIFTY  will have support at around 4170 & resistance at around 4363 level




19-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
BHEL
2151
2140
2310
2310

Market Commentary: 

Market was volatile throughout the day. NIFTY recorded highest ever volume in its history of 15 years. Tomorrow, NIFTY will have support at around 4170 & resistance around 4510 level.




12-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
AXIS BANK
639
635
679.9
669

Market Commentary: 

 Market was initially sluggish but Tuesday's short covering pushed it up in the end to register a smart bullish trend. Tomorrow, NIFTY will have resistance at 3800 level.




11-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
JINDAL STEEL
1578
1600
1500
1545

BAJAJ HIND.
105
102
129
112

Market Commentary: 

 Market continued its correction today on lower volume. Tomorrow, NIFTY has support at around 3480 & resistance at around 3717 level.




07-May-2009
Entry
Stop Loss
Target
Exit
Chart
Result
ZEE Ltd.
125
122
137
130

CAIRN
209
205
224
216

STERLITE INDUSTRIES
492
485
513
513

Market Commentary: 

Market was sluggish initially, but later on bullish trend got established. Tomorrow, NIFTY will have intraday resistance at 3717 & support at 3608 level.