Tuesday, November 14, 2006

Daily Report November 14th Tuesday

Nifty (3858) SUPPORT-3840-3816-3791 RESISTANCE-3874-3891-3915 Nifty range 3840-3891, now 3840 levels will become a major support on lower side, SL-3833 for long traders Intraday & weekly. (SL-3782 for target 4200 by Jan)
P/E=20.66 p/b=4.95 adv=35 dec=15 NSE adv: 552 dec: 391 -vol-rs.6744crs

Sensex (13399) SUPPORT-13345-13280-13208 RESISTANCE-13484-13564-13647 Sensex now has to trade above 13345 and target for this move should be 13647 in a day or 2. Sensex is moving in a orderly direction and no Gaps-Up seen and incase markets opens with a gap then it would lack intraday movement.
8dma=13182 13dma=13083 21dma=12965 34dma=12733 55dma=12405 OPEN=13295 HIGH=13410 LOW=13287 BSE adv: 1474 dec: 1080 -vol-rs.3942crs
Fiis Buyer rs.478 crs & Mutual funds buyer rs.129crs on Friday, Fiis buyer rs.2816crs in Nov month and buyer rs.33643Crs in 2006, mutual fund rs.417crs in Nov month. F&O DATA Fiis sell rs.71crs in nifty future and sell rs.88 crs in stock future on 13th November and provisional Fiis buy in cash rs.445crs source NSE website

Day That Ended: Market opened positive and moved higher to close at highest levels ever it was a day were markets didn’t see negative, markets volumes in Nse cash has droped lowest in this month while Advances where more than Decline. International markets U.S markets closed positive Indian ADRs where major gainers EURO markets also positive ASIAN markets open with very positive bias Nikkei up 1.71% Crude $58.75.

Outlook for Tuesday:
Markets to open very positive and the most important would be stocks which move higher (All time high) always gives better gains in short term for traders. TECH+MEDIA should be the buzz word of the markets, investor should remember to take profits where his targets are reached or crossed few stocks in construction sectors have given faster gains. Metals stock saw a correction due to fall in LME prices in Alumina, Zinc & Nalco has gaped down so below 212 we can see panic but a investor with 5-6months can accumulate slowly.


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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://news.monstersandcritics.com/india/article_1221286.php/China_no_threat_to_Indian_textiles_expert Textile
http://www.businessstandard.com/common/storypage_c.php?leftnm=10&bKeyFlag=BO&autono=264674&chkFlg F&O position up at Rs 51,146 cr

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