Wednesday, October 18, 2006

Daily Report October 18th Wednesday

Nifty (3715) SUPPORT-3685-3666-3634 RESISTANCE-3742-3774-3807 Nifty range would be 3685-3774 this market should be viewed different from here below 3634 close only a correction can come but possibility of high is very bright and 3856 is still open & with jus 5 normal trading days for this F&O settlement major moves can happen. TOP 5GAINERS=HCLTECH-SAIL-SATYAMCOMP-SIEMENS-BHEL TOP5LOSER=HDFCBANK-HINDPETRO-GAIL-HDFC-HINDLEVER. P/E=21.47 p/b=4.79 adv=17 dec=33 NSE adv: 265 dec: 667 -vol-rs.6875crs

Sensex (12883)
SUPPORT-12788-12700-12602 RESISTANCE-12958-13028-13134 Sensex has given 3days of all time high so it will be seeing more new highs with small correction here & there. When market is in an uncharted territory never short it markets indicator will show over brought but still markets will defy all logic and move up.
8dma=12567 13dma=12487 21dma=12374 34dma=12166 55dma=11812 OPEN=12981 HIGH=12994 LOW=12819 BSE adv: 838 dec: 1646 -vol-rs.3806crs
Fiis buyer rs.794 crs & Mutual funds buyer rs.65 on Monday, Fiis buyer rs.4056crs in Oct month and buyer rs.26870Crs in 2006, mutual fund seller rs.9crs in Oct month. F&O DATA Fiis sell rs.159crs in nifty future and sell rs.218crs in stock future on 17th October and provisional Fiis buy in cash rs.218crs source NSE website

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.bloomberg.com/apps/news?pid=20601091&sid=a6U1ewJAbebQ&refer=india Ranbaxy, Dr. Reddy's Profit Seen Surging on Sales of Merck Drug

No comments: