Vikash Agarwal....06th September
stocks.fu...@gmail.com
Market Technicals for the week ending 07th September
Indian Markets Technicals
Both Nifty & Sensex have become very strong at these levels. The trend
for fresh buying positions will continue if the markets trade beyond
4376 & 15083 . There are chances that Nifty may move 190 - 191 points
up & Sensex may move 534 - 535 points up. There are chances of a
weekly swing of around 275 points & 765 points in Nifty & Sensex
respectively.
If the markets sustain above 4559 & 15585 levels, then they will try
to touch 4654 & 15853 levels.
On the other hand, market has a weak support at 4281 & 14816 because
the markets may further fall down to 4098 & 14314 levels from this
point due to panic selling & profit booking which can act as a strong
support.
Intraday Market Technicals for 06th September
Both Nifty & Sensex have become a bit weak at these levels. There are
chances that Nifty may open 4 - 5 points up & Sensex may open 31 - 32
points down from where it will try touch 4502 & 15549. There are
chances of an intraday swing of around 95 points & 345 points in Nifty
& Sensex respectively.
If the markets sustain above 4502 & 15549 levels, then they will try
to touch 4529 & 15651 levels.
On the other hand, market has a weak support at 4453 & 15375 because
the markets may further fall down to 4431 & 15304 levels from this
point due to panic selling & profit booking which can act as a strong
support.
US Markets Technicals
Both Dow & Nasdaq have become a bit strong at these levels. The trend
for fresh buying positions will continue if the markets trade beyond
13283 & 2566 . There are chances that Dow may move 377 - 378 points up
& Nasdaq may move 72 - 73 points up. There are chances of a weekly
swing of around 450 points & 100 points in Dow & Nasdaq respectively.
If the markets sustain above 13546 & 2632 levels, then they will try
to touch 13735 & 2669 levels.
On the other hand, market has a weak support at 13094 & 2530 because
the markets may further fall down to 12831 & 2464 levels from this
point due to panic selling & profit booking which can act as a strong
support.
US Markets Calls
Buy Monsanto Co. at current levels with a medium-term target of 78.75
& with a stoploss/ average below 65.23 .
Derivatives Calls
Buy Nifty Futures at current levels with a target of 4643.50 & with a
stoploss/ average below 4322.00.
We continue to be bullish on Federal Bank Futures with a target of
382.85 & with a stoploss/ average above 332.90.
We recommended a buy on IFCI Sept.' 07 Futures on 23rd August at 62.10
with a target of 70.90, which was achieved yesterday. We continue to
be bullish on IFCI with a further target of 77.50.
Buy DLF Futures with a target of 680.25 & with a stoploss/ average
below 615.75.
Long Term Delivery Calls
Buy Allahabad Bank at current levels with a target of 166.25.
Buy Alstom Power at current levels with a target of 1426.70.
Medium Term Delivery Calls
Buy Mid-Day Multimedia with a medium-term target of 55.15 & with a
stoploss/ average below 42.50.
Short Term Delivery Calls
Buy BCC Fuba with a short-term target of 42.35 & with a stoploss/
average below 34.10.
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.