Vikash Agarwal....03rd 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 03rd September
Both Nifty & Sensex have become very strong at these levels. There are
chances that Nifty may open 17 - 18 points down & Sensex may open 51 -
52 points down from where it will try touch 4489 & 15402. There are
chances of an intraday swing of around 68 points & 219 points in Nifty
& Sensex respectively.
If the markets sustain above 4489 & 15402 levels, then they will try
to touch 4514 & 15486 levels.
On the other hand, market has a weak support at 4420 & 15183 because
the markets may further fall down to 4377 & 15047 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.
Buy Federal Bank Futures with a target of 382.85 & with a stoploss/
average above 332.90.
Long Term Delivery Calls
Buy Ultratech Cements at current levels with a target of 1747.50.
Buy United Phosphorus at current levels with a target of 444.05.
Medium Term Delivery Calls
Buy Mirza International with a medium-term target of 25.80 & with a
stoploss/ average below 18.25.
Short Term Delivery Calls
Buy Rain Calcing with a short-term target of 41.15 & with a stoploss/
average below 37.70.
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.