Daily Report September 13th Wednesday

Excellence is in the details. Give attention to the details and excellence will come.
Nifty (3389) SUPPORT-3357-3329-3304 RESISTANCE-3415-3439-3475 Range for nifty 3357-3415, now markets had given a correction which was deep now to assume the correction is over nifty should stay above 3400 and it shouldn’t cut 3357 on the downside in normal trade, above 3430-3439 bulls would be safe till then avoid big leveraged position. http://prabhakar-views.blogspot.com/2006/09/nifty.html TOP 5GAINERS=ZEETELE-ORIENTBANK-HEROHONDA-PNB-RCOM TOP5LOSER=HINDPETRO-ONGC-BPCL-HINDALCO-ABB. P/E=19.42 p/b=4.44 adv=36 dec=14 NSE adv: 465 dec: 456 -vol-rs.7260crs

Sensex (11660) SUPPORT-11605-11520-11395 RESISTANCE-11758-11872-12020 Sensex can have a gap up open and we can have solid 150-250 gains today if markets don’t break 11605 and today sensex close would be more important as per Japanese candlestick a big white candle would mark a continuation of bull run.
8dma=11814 13dma=11756 21dma=11642 34dma=11353 55dma=11017 OPEN=11564 HIGH=11671 LOW=11444 BSE adv: 1225 dec: 1235 -vol-rs.3341crs
Fiis buyer rs.94crs on Monday, Fiis buyer rs.1585crs in Sep month and buyer rs.18975Crs in 2006, mutual fund buyer rs.88crs in Sep month. F&O DATA Fiis sell rs.86crs in nifty future and sell rs.84crs in stock future on 12th September and provisional Fiis sell in cash rs.384crs source NSE website

Day That Ended: High volatile trade and a positive close to markets which can be termed as mild pullback to the ongoing correction, BANKS-TECH where the sector which gave the market push along with RELIANCE, CG was one sector which closed mild negative. India's industrial production grew 12.4% in July at the fastest pace in a decade and this news gave the reversal trigger for markets in my view, Consumer goods output in July was up 17.9% vs. 15.4% , Manufacturing production, which represents more than 75% of industrial output, rose 13.3% in July from a year earlier compared with 10.5% in June. International markets U.S market gained smartly with NASDAQ gaining 1.96% Indian ADRs gains also big EURO markets also gains were big ASIAN markets has opened very strong.

Outlook for Wednesday: Market to open very strong TECH stock would see good gains and that would push markets up. Many times I have seen FIIs getting it wrong and with too much of there short position F&O will they run for cover, 4-5months back like this happened. Investor should be focused and never worry about noises in the market place buy growth stocks and hold RAYMOND-WOCKHARD-PUNJTRACTOR-HINDSANTIWARE-WIPRO-TCS-BHARTIARTL-AUROPHARMA-BIOCON-GAMMON-EMCO-BEML-GDL-IPCL-EIDPARRY-BHARTISHIPYARD investor should know stock has good day and bad days so if u can buy in panic and sell in greed or bounce back u would make good money important point is identify good solid growth stock.

STOCK TECK view: TATACHEM: Stock is moving in larger channel 205-210 would be good place to buy the stock and target can be 245 in 1-2month time best way to own a stock is buy in bad times a good company.

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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.