Friday, 8 March 2013

WEEK END LEVELS IN BULLISH MARKET

                           March month stars with negatively but with in one week total market turns into positive.As we said earlier market closing above 5815 is positive, see now market moving excellently. For last three sessions market moved slowly & steadily.Still we expect this rally may go upto 5968, if it close above this number then we may see one more round on upside. FII's investing more in F&O side,  Also OI of 5800 PE adds nearly 10 lak shares. & also 5900 PE adds 8lak shares in OI.So this may indicate this serious they never try to push the market down and now we have strong bottom at 5800 level.
                PCR of nifty now 1.23, It's also seems to be bullish. now we may see good upside. From next month onwards corporate firms year end financial results may change markets next trend.Please don't enter in IT sector now, because it's too much cost now. Still it may move up but be careful. Now it is the time to enter some of underperformed stocks and some midcap stocks.Suppose nifty close above 5885 then we may see weekly bullish engulfing pattern, if it happen then bulls get some more energy. just watch it.

Nifty levels

Nifty resistance-5888-5893, 5929(major)
Nifty support   - 5852-5840, 5815 (major)

Stock calls

Adani Ent       : Buy above 228 sl of 223 target
                      will be 232, 236
Canarabank  : Buy above 436 sl 429 target
                       will be 441,445

PORTFOLIO ALERT
  Please hold all stocks....

                We are looking to start intraday calls posting here, Also if you have any doubt in sharemarket or Any stocks please send your mail to us we will give you best suggestion. nsebsenow@gmail.com

THANKS & REGARDS
      NSEBSENOW