Tuesday, March 9, 2010

NIFTY OUTLOOK FOR 10/03/2010

OUR REQUEST
------------

WE ARE NOT BEARS. WE ARE EXTREMELY BULLISH ON INDIAN
MARKET. OUR MINIMUM TARGET FOR JUNE 2011 IS 7500NIFTY
AND 25000SENSEX. WE HAVE TO GROW. WE MUST GROW. GROWTH
IS SURVIVAL GAME FOR INDIA AND WE WILL GROW.

BUT NOW WE ARE IN CORRECTIVE MODE. NIFTY STRATED FROM
2555 IN MARCH 2009 AND TOUCHED 5311(+2756) IN LAST MONTH.
THE CORECTION WAVE STARTED FROM 5311 ENDED AT 4675(-636).
RETRACEMENT WAVE TO THE CORRECTION WAVE COULD END AT
5149. AND ANOTHER CORRECTION WAVE COULD STARTED.
WE WILL INFORM AFTER CONFIRMATION.

WE EXPECT THE TOTAL CORRECTION HAVE 3 TARGETS.
ONE... 38.2% AT 4254
TWO... 50% AT 3933
THREE 61.8% AT 3607
WE HOPE ANY ONE TARGET WILL TOUCHED WITHIN APRIL.
SO THAT WE ADVICE CAUTION IN LONGS.
BUT THIS CORRECTION IS GOOD FOR OUR MARKET. FEW GAPS WILL
BE FILLED DURING THIS WAVE AND OUR FOUNTATIONS WILL GET MORE
STRONG. AFTER CORRECTION ONLY WAVE C ( BIG IMPULSIVE )
WILL STARTS AND TAKE NIFTY TO NEW HEIGHTS.


LAST COUPLE DAYS YOU MAY WONDER SEEING STOCK PRICES FALLING
BUT NIFTY TRADING FIRMLY ARROUND 5100. DII WHERE NET SELLERS.
THEY START TO BOOK PROFITS. FII WHERE NET BUYERS. BUT
THEY ARE MAKING PROPER HEDGING FOR ALL THE LONGS AND HOLDINGS.
SEE OUR PUT CALL RATIO AT 1.5 NOW. NO ONE CAN TELL WHEN
FII WILL START TO THROW AWAY THEIR HOLDINGS IN WILD MANNER.

SO ONCE AGAIN OUR REQUEST...
DONT GO LONG WITHOUT STOPLOSS.
DONT STAY LONG WITHOUT HEDGING.
TAKE CARE.



NIFTY OUTLOOK FOR 10/03/2010/wednesday
--------------------------------------

ASTRO VIEW
==========

MOON SAIL IN POORADAM( SUKRAN SAARAM)ALONG
WITH RAAKU UPTO MARKET CLOSING.
THIS IS THANUSH SIGN 11TH PLACE FROM
GURU AND SAME PLACE FROM RAAHU.
WE EXPECT NEGATIVE TREND UPTO TODAY CLOSING.

10/03/2010 BIRTH NO.1 FATE NO.7
INDICATES CAUTION SIGNALS.
COMBINATION OF 1 AND 7 MAY BRING
LARGE CAP STOCKS DOWN.

OUT PERFORMERS FOR 10/03/2010
REALITY AND SUGAR

UNDER PERFORMERS FOR 10/03/2010
POWER, INFRA AND ALL LARGE CAPS

REMINDER.1 ( POSTED YESTERDAY )
FROM TODAY MERCURY(PUTHAN) BEGANE
TO SAIL IN MEENAM. THIS IS DECLINE
HOUSE AND ALSO VIEW BY SATURN.
MARKET VOLUMES WILL COME DOWN.
TELECOM, FINANCE, BANKING, MEDIA
AND BROKARAGE STOCKS WILL AFFECTED.
AVOID GOING LONG IN ABOVE STOCKS.


LAGNAA TIMES DURING TRADING HOURS


OPENING ..to.. 10.50pm MESHAM NEUTRAL
10.50am ..to.. 12.50pm RISHABAM NEGATIVE
12.50pm ..to.. 03.00PM MITHUNAM NEUTRAL
03.00pm ..to.. CLOSING KADAKAM HEGATIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.



TECHNICAL VIEW
---------------

CLOSE@5101
PREVIOS HIGH@5131 LOW@5094
WEEKLY HIGH@5147 LOW@4833

20DMA@4916
50DMA@5023
200DMA@4778

SUPPORTS FOR 10/03/2010 5022/4933
RESISTANCE FOR 10/03/2010 5166/5222

TODAY CALLS
-----------
SELL CALL GIVEN @5113 BUT ASKED TO EXIT WITH
10POINTS PROFIT AND TO BUY 5100PE @81 AS BTST.