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Daily News Letter Radar
DATED : 31 October‘ 2011
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? For Any Queries contact us ?
Mobile No. : 09052524345,09848969869
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VISIT US AT : www.charanwings.com
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GOOD MORNING
“Be Peace with your own soul, then heaven & earth will be peace with you” ~ St.Jerome
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Rupee up by 74 Paisa Vs dollar….
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We Can’t help every One, But Everyone can help Some One ~ Keep Helping
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SENSEX
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The Bse-Sensex Opened @ 17011 and low made @ 16898 and moved upto 17909 before it finally closed the week @ 17805 and thereby showed a net rise of 1019 points on Week-to-Week strategy.
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Sensex daily Chart has the gap @ 17358-17664. The low Created on Friday was 17671 and it opened above the gap on the daily chart.
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The earlier support range @ 17314-17295 had been violated to a make low @ 15745. This support offered resistance for the last few weeks but on Friday it crossed the gap taking the Sensex above the gap of 17358-17664.
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The identical range of 17314-17295 is now likely to offer support or rather could offer support. Failure to sustain above the 17314-17295 range may put the Sensex back in repeal gear.
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A double bottom @ 15765 gets confirmed. In August 2011, the Sensex made a low @ 15765 and then again in October 2011 it made low @ 15745. At the end of October 2011, it crossed the resistance of 17295-17314 to confirm the double for target of 18674.
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Resistance @ 18326 or above. The 200 day EMA and SMA are placed @ 17785 & 18018. The 200-day EMA was tested last week as it made high of 17908.
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Resistance may seen in the higher range or an exhaustion to reverse the move for a near term correction of the last corresponding rise before making an attempt to move for a near term correction of the last corresponding rise before making an attempt to move higher. Alternatively, it may mark a peak at the current level or above towards 18018-18326-18674. If the momentum continues, then took the rise may extend towards 18018-18326-18674. Sustainability at the current level & 17314-17295 will be the key to keep the momentum going.
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Weekly Res @ 18175-19185 & Weekly Supp @ 17537-17166-16669.
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NIFTY
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Stock-specific activity may dominate trade in the near-term as Q2 earnings season gathers steam.
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Investors will closely watch the management commentary at the time of announcement of Q2 September 2011 results, which will provide cues on futures earnings outlook.
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Automobile and cement stocks will be focus as companies from these two sectors start unveiling sales volume data for October 2011 from Tuesday, 1 November 2011.Shares of car major Maruti Suzuki and housing finance major LIC Housing will on Monday, 31 October 2011, react to their Q2 results to be announced on Saturday, 29 October 2011.
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ICICI Bank, Wipro, Hindustan Unilever, Dabur India, Colgate Palmolive (India), NMDC and BPCL unveil Q2 results on Monday, 31 October 2011.
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Cement majors ACC and Ambuja Cements, Punjab National Bank, HPCL and Aditya Birla Nuvo unveil quarterly results on Tuesday, 1 November 2011.
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Sun TV Network, Ashok Leyland and TVS Motor report Q2 results on Thursday, 3 November 2011.
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ONGC, Bharti Airtel and GlaxoSmithKline Pharmaceuticals unveil quarterly results on Friday, 4 November 2011.
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The board of directors of Bank of Baroda meets on Monday, 31 October 2011, to consider issue of equity shares/warrants on preferential basis to the Government of India, the bank's majority shareholder. The government has proposed infusion of Rs 775 crore in Bank of Baroda by way of preferential issue of equity shares/warrants. Bank of Baroda's board will also consider second quarter results on that day.
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As per Nifty Weekly Chart Pattern a 6.2% and it got stronger as soon as we broke out above 5169. Breakout traders always have significance and should be ignored if it’s happening after 10 of week’s consolidation.
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Trend line Resistance come @ 5470. Use short near 5450-5470 Levles Keep Horizon @ 5500 to Grab Profits 60-80 Points.
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Next week is Fed meeting in USA on Wednesday some profit booking expected.
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Nifty Weekly Resistance @ 5400-5488-5577 Support @ 5222-5133
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5 DMA @ 5159
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20 DMA @ 5026
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50 DMA @ 5003
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200 DMA @ 5412
Buy Nifty Future above 5422 sl 5400 Tgt 5442-5466
Sell Nifty Future below 5377 sl 5400 Tgt 5357-5337
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ICICI BANK
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COLGATE
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“Octopus have three hearts”
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Friday Fantastic Paid SMS Calls Dated: 28 Oct’2011
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Scrip
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Recommendation
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Profit/Loss
100 Shares/2 Lots
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Out Come
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Maruti
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Sell at 1166 sl 1174 Tgt 1150
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+1600
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Target Achieved
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Nifty
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Long @ 5384 Covered @ 5399
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+1500
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Done
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+3100
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Total Profit
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Details of services
Services are available through SMS
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Equity {Intraday + Investment Calls}: Rs. 4,000/-
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Futures (Nifty - Bank Nifty - Stock Futures + Options): Rs. 5,000/-
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Commodity {Mcx + Ncdex + Jackpot Call}: Rs. 6,000/-
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ACCOUNT DETAILS
Charanwings ICICI Bank A/c: 631205028622
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Disclaimer: - These Recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy & sell securities based on the above information in this column are solely responsible for their actions. The author won’t be liable or responsible for and any sort of financial & legal losses made by the traders.
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Discloser: - we Do not have any personal position in any stocks. It is safe to assume that my clients could have some positions and hence I am interested in above written stocks.
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