Normal
0

MicrosoftInternetExplorer4

st1\:*{behavior:url(#ieooui) }

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}

TRADING STRATEGY FOR 18TH AUGUST 2010 (Based on technical by O P AGARWAL)     Markets end flat   The market after opening flat yesterday moved in a narrow band throughout the session except small profit taking at intervals. Investors preferred to keep themselves away from the market in view of lackluster sentiment prevailing in the market in the absence of any positive trigger. The market ended on a flat note amid low volatility. Stocks from the reality, banking and selected PSU gained while IT, Capital goods sector stocks remained subdued.  Finally, the Sensex ended marginally lower at 18048 after touching a low of 18,026 and high of 18,140.15 in intra day trades. The Nifty too remained flat and closed at 5414 losing 4 points. The market breadth remained slightly negative at close. Out of 3086 stocks traded on BSE, 1513 stocks declined and 1449 stocks recorded gains, while 124 stocks ended flat.       NIFTY FUTURE (Last close 5424.80) The counter after flat opening yesterday moved in a narrow band with moderate volatility. The counter finally closed with a meager gain of seven points. The counter may however move up to 5462/5486 once it trades and remains above 5437.75. Strong support for NF exists at 5407.25 which if breached decisively then NF may slide to 5387/5363..     ADITYA BIRLA NUVO FUTURE (Last close 807.65) The stock after consolidating during the past few trading sessions closed yesterday flat with goods volumes. The stock appears positive on charts and may move up to 822/833 once it trades and remains above 810.75. Strong support for the stocks exists at 800.50. IVRCL FUTURE (Last close 162.60) The stock after remaining range bound during the past three trading sessions closed yesterday above its short term trend line gaining marginally albeit with low volumes. The stock appears positive on charts and may move up to 165/168 once it trades and remains above 162.75. Strong support for the stock exists at 160.75.   DEAR READERS, PLEASE WATCH THE MARKET TREND AND USE YOUR OWN DISCRETION BEFORE TAKING A TRADE. Protect profits with trailing stops and cut losses fast. Avoid adding contracts in loss making trades Visit         www.bazaarbhavishya.com regularly Email:       opagarwal805@gmail.com Mobile:  09825029446   Disclosures:  At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be. Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.