Daily Report October 13th Friday

In a bull market u don’t need a analyst, in bear market there is no need for them.

Nifty (3621) SUPPORT-3603-3582-3558 RESISTANCE-3654-3696-3728 Nifty range 3603-3672 nifty has given a breakout closed above a important level of 3600 where its next target can possibly be 3774 which is its all time high & 3856 which is the level was given for Oct end with a effective stop loss at 3558 on closing basis one can hold position. TOP 5GAINERS= HINDPETRO-SAIL-HCLTECH-HDFC-ZEETELE TOP5LOSER=HINDLEVER-HDFCBANK-TATAPOWER-HEROHONDA. P/E=21.04 p/b=4.67 adv=46 dec=4 NSE adv: 594 dec: 338 -vol-rs.6719crs

Sensex (12537) SUPPORT-12488-12420-12340 RESISTANCE-12624-12739-12834 Sensex can gap up which would possibly make sensex cross its all time high 12671 but in my view where it closes is so important 12624 has been the highest close ever for sensex. When nifty was at 2669 on 9june 2006 I had called that fancy bottom and target for sensex was given as 16000 by may2007 this is jus to remind people against F&O, margin trading & speculation which will never give money. And people who advise have same knowledge or even less than wat u know so please take informed decision based on your own good http://www.moneycontrol.com/india/messageboardblog/marketanalysistechnicalview/06/23/viewfullmessage/1478185 ---please read
8dma=12358 13dma=12334 21dma=12205 34dma=12029 55dma=11655 OPEN=12387 HIGH=12558 LOW=12315 BSE adv: 1412 dec: 1072 -vol-rs.3483crs
Fiis buyer rs.803 crs & Mutual funds buyer rs.100 on Wednesday, Fiis buyer rs.1628crs in Oct month and buyer rs.24442Crs in 2006, mutual fund buyer rs.4crs in Oct month. F&O DATA Fiis buy rs.451crs in nifty future and sell rs.144crs in stock future on 12th October and provisional Fiis buy in cash rs.103crs source NSE website

Day That Ended: Market opened lower to rise slowly and as day progressed it started to become even stronger with expectation of results running higher & lower crude prices which are very good for economy, with IIP- Index for Industrial Production growth at 9.7% for Aug this year against 7.6% last Aug. International markets U.S market bullish DOW JONES has hit a new all time high Indian ADRs very positive close EURO market bullish close ASIAN market has started on a very strong note CRUDE $ 58.18.
Outlook for Friday: Bullish opening with buoyant global market, till now markets has been very healthy with regular correction and moving with fundamentals of the economy and there is no euphoria seen in this market as of yet but be stock specific, divide risk, avoid penny stock, advise is free or paid anyone can give no one will share u r loss having this in mind invest with care. TEXTILES-PHARMA would be the sector to watch
VALUE pick: RAYMOND-RSWM-AUROPHARMA-DRREDDY-RANBAXY-GDL-MANIND-GAMMON-BEML-MATRIXLAB-BIOCON-TATACHEM-CESC


GRAPH views: http://prabhakar-views.blogspot.com TATAPOWER(538) make or break –below rs.530 the stock is looking weak can target rs.488 on the lower side above rs.546 it would target rs.590 so one can trade with adquate stop loss which ever way it moves. ( to say a breakout or a break down the stock should trade above or below that level for considerable time, a freak trade or trade for first 15-20mins aviod)
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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.
http://www.businessstandard.com/common/storypage_c.php?leftnm=10&bKeyFlag=BO&autono=261715&chkFlg Cairn files papers for $2 bn IPO
http://www.financialexpress.com/fe_full_story.php?content_id=143287 Yarn shortage pushes up cotton textile price
http://www.bloomberg.com/apps/news?pid=20601091&sid=aae9T5Hm4LQI&refer=india