Vikash Agarwal....19th September
stocks.fu...@gmail.com
Market Technicals for the week ending 21st September
Indian Markets Technicals
Both Nifty & Sensex have become a bit strong at these levels. The
trend for fresh buying positions will continue if the markets trade
beyond 4517 & 15597 . There are chances that Nifty may move 129 - 130
points up & Sensex may move 454 - 455 points up. There are chances of
a weekly movement of around 255 points & 920 points in Nifty & Sensex
respectively.
If the markets sustain above 4582 & 15831 levels, then they will try
to touch 4647 & 16058 levels.
On the other hand, market has a weak support at 4453 & 15370 because
the markets may further fall down to 4388 & 15136 levels from this
point due to panic selling & profit booking which can act as a strong
support.
Intraday Market Technicals for 19th September
Both Nifty & Sensex have become strong at these levels. There are
chances that Nifty may open 19 - 20 points down & Sensex may open 59 -
60 points down from where it will try touch 4571 & 15751. There are
chances of an intraday movement of around 140 points & 445 points in
Nifty & Sensex respectively.
If the markets sustain above 4571 & 15751 levels, then they will try
to touch 4596 & 15833 levels.
On the other hand, market has a weak support at 4501 & 15527 because
the markets may further fall down to 4456 & 15386 levels from this
point due to panic selling & profit booking which can act as a strong
support.
US Markets Technicals
Dow have become strong wheras Nasdaq have become a bit strong at these
levels. The trend for fresh buying positions will continue if the
markets trade beyond 13318 & 2583 . There are chances that Dow may
move 403 - 404 points up & Nasdaq may move 57 - 58 points up. There
are chances of a weekly movement of around 1055 points & 150 points in
Dow & Nasdaq respectively.
If the markets sustain above 13644 & 2630 levels, then they will try
to touch 13846 & 2659 levels.
On the other hand, market has a weak support at 13116 & 2555 because
the markets may further fall down to 12790 & 2508 levels from this
point due to panic selling & profit booking which can act as a strong
support.
US Markets Calls
Taseko Mines Limited engages in the exploration, development, and
production of mineral properties in Canada. It holds interests in the
Gibraltar copper mine located near Williams Lake, British Columbia;
the Prosperity gold-copper property, which consists of 196 mineral
claims covering the mineral rights for approximately 85 square
kilometers in the Clinton Mining Division in south central British
Columbia; and the Harmony gold project located on Graham Island, Queen
Charlotte Islands, British Columbia. Taseko Mines was founded in 1966
and is based in Vancouver, Canada.
Buy Taseko Mines Ltd. at current levels with a medium-term target of
6.15 & with a stoploss/ average below 3.45.
Derivatives Calls
Futures
Buy Nifty Futures at current levels with a target of 4607.25 & with a
stoploss/ average below 4521.10.
Buy Ambuja Cements Futures at current levels with a target of 151.90 &
with a stoploss/ average below 144.35.
Options
Sell 4200 PE Oct.' 07 with a target of 38.00 & with a strict stoploss
above 67.25.
Sell 4000 PE Oct.' 07 with a target of 10.95 & with a strict stoploss
above 37.20.
Sell Air Deccan 140 CA Oct.' 07 with a target of 4.05 & with a strict
stoploss above 7.70.
Buy RPL 140 CA Oct.' 07 with a target of 3.70 & with a strict stoploss
below 2.65.
Long Term Delivery Calls
Buy Bhushan Steel at current levels with a target of 1165.40.
Buy Birla Corp. at current levels with a target of 647.45.
Medium Term Delivery Calls
Buy Maxwell Inds. with a medium-term target of 34.40 & with a
stoploss/ average below 26.30.
Short Term Delivery Calls
Buy Oriental Trimex with a short-term target of 24.55 & with a
stoploss/ average below 20.30.
It will be my pleasure to build a strong relationship with you.
I look forward for your response & suggestions regarding my research.
Regards
Vikash Agarwal
Mobile : +919437202566.