Daily Report September 19th Tuesday

Nifty (3492) SUPPORT-3474-3450-3434 RESISTANCE-3528-3555-3583 Nifty range 3480-3535 now if markets stays above 3500 we would soon target higher levels and 3856 which was given as target for Oct end also would be possible and for that target-(3856) stop loss is pegged at 3370.TOP 5GAINERS=SUZLON-HDFC-RCOM-HINDLEVER-ITC TOP5LOSER=TATAPOWER-TATASTEEL-NATIONALUM-TATAMOTORS-ONGC. P/E=20.03 p/b=4.55 adv=34 dec=18 NSE adv: 508 dec: 410 -vol-rs.6090crs

Sensex (12071) SUPPORT-12003-11945-11836 RESISTANCE-12159-12238-12348 Sensex today traded above 12000 mark and didn’t come down and it has done this 10th time in its life time which is so important, markets is moving up in a measured way slowly there are jus 2pain area 12238 & 12671 and after which whole markets would become bullish.
8dma=11866 13dma=11858 21dma=11749 34dma=11505 55dma=11143 OPEN=12006 HIGH=12114 LOW=12006 BSE adv: 1286 dec: 1199 -vol-rs.2893crs
Fiis buyer rs.459crs & Mutual funds seller rs.98on Friday, Fiis buyer rs.2935crs in Sep month and buyer rs.20324Crs in 2006, mutual fund buyer rs.401crs in Sep month. F&O DATA Fiis buy rs.149crs in nifty future and sell rs.113crs in stock future on 18th September and provisional Fiis buy in cash rs.373crs source NSE website

Day That Ended: Market opened positive and remained firm throughout the day and closed positive volumes where low while advances healthy than decline, 4new stock added in F&O is seeing good activity for past few days. FMCG-CG-PHARMA sectors where in action while metals were weak many small cap & mid cap stocks where in action and that is where many good growth stocks are there but one must be very selective. International markets U.S markets closed flat Indian ADRs mixed EURO markets closed positive and ASIAN markets have opened very strong Crude $ 63.92.

Outlook for Tuesday: Bullish view few stocks are near breakout or given breakout which would be big gainers if that happens CESC added 500% OI, RANBAXY rs.422 above breakout, CUMMINS rs.225 above, WOCKHARD rs.408 above. GAIL is moving in a channel where 250-290 would be the range so one can buy in dips and 10% gain possible in short time. BAJAJHIND can target rs.365 now rs.330, BAJAJ auto breakout above rs.2835 these are all indicative as markets has changed too much that each day it is not the same stock or sector which move up so a traders should know levels. LONG TERM investor can add CESC-TATACHEM-BEML-BIOCON-RANBAXY-BATAINDIA-RAYMOND-HINDOILEXPO in very slow and steady way.
http://in.groups.yahoo.com/group/prabhakar-views/join many files uploaded would be very useful please download and read.

STOCK TECK view: http://prabhakar-views.blogspot.com CESC buy rs.290-300 target rs.370-400 stop loss rs.280 below and the stock looks very attractive in many ways short term-medium term & long term and with huge speculative position built trend traders also will see a major upmove.

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.