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Disclaimer-
The recommendations in this daily writeup & those given
through accompanying online communication systems (i.e. through
wireless, SMS, chat box, phone etc.) are only of advisory nature,
based on the Technical Analysis of Stocks, a science which is
time-tested, practised and accepted worldwide.
Targets are generally achieved within few days or few
weeks. For extreme short term speculative trading, always use STOP
LOSS. Never trade in more than 3-4 scrips at a time and NEVER
OVERTRADE. We do not accept any reward or liability for the
consequences of financial decisions taken based on recommendations
given in this writep & accompanying online communication systems
through which we communicate our recommendations.
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Anticipated Market Movement as on 29.11.2007 |
GOOD MORNING – WISH YOU A
PROFITABLE DAY (29.11.07)
1)
ANTICIPATED MARKET MOVEMENT
:
Indices have covered the gap which these
have left on Monday while rising & with the good news of probable
interest rate cut by Fed Bank (USA) indices are likely to take a sharp
rally today up targets of which are 5749 .95 – 5772 .55 & 19316 .76 –
19360 .03 (conservative 5700 .00 & 19177 .00) where profit booking
should emerge.
2)
TODAY'S
TREND :RESISTENCE
IN THE SECOND HALF.
3)
SHORT SELLING
GUIDELINES
a) Short sell
1.25% Adani Enterprises at opening & 1.25%
more in 3 installments (each at a rise of 12), target- 755,
stop loss- 830.
b) Short sell
1.25% JSW Steel at opening & 1.25% more in 3 installments (each at a
rise of 6), target- 935, stop loss- 1010.
c) Short sell
1.25% Gujarat Industrial Power at opening, target- 101, stop loss-
110.
Please note that short sell deals
given here are to be closed today itself.
4) GUIDANCE FOR INTRA-DAY
TRADERS
:
Intraday trading is not the preferred
kind of trading . We are giving below anticipated resistence and
support levels of 68 active scrips for guidance purposes only – please
note that anticipated success rate of Resistence 1 (R1) & Support 1
(S1) is only 60 to 75 % & that conservative players should trade only
between range of R1 & S1 ; only those who
trade on delivery basis could wait for R2 & S2 which anticipated
success rate should be 50 % .