TECHNICAL ANALYSIS and DERIVATIVES STRATEGIES
TECHNICAL ANALYSIS and DERIVATIVES STRATEGIES=
: 14th September 2007
Market may open with a positive note and expect= ed to test higher, minor profit booking in the later part of the day.
SENSEX (15614)
The Sensex has immediate resistance at 15717 and = 15775 levels. If moves above, further uptrend is likely. Sensex has immediat= e support at 15594 and 15570 levels. If moves below, it may test 15561.=20
NIFTY (4528)
The Nifty has immediate resistance at 4540 and 45= 50 levels. If moves above, it could test 4575. If moves above, further uptre= nd is likely. Support for the Nifty will be at 4513 and 4487 levels.=20
ICICI BANK (884)
The stock is oversold and having support at 880 a= nd 876. Minor resistance at 890, above it can test 900 and 915. (Buy above 8= 90)
DLF (645)
The stock is Bullish above 642 and having support= at 638 and 636. Minor resistance at 648, above, it may test 662 and 675. (B= uy for short term gains)
SCI (210)
The stock has given a breakout pattern and target= ing towards 220 and 232. Support at 207 and 204. (Buy for short term gains)
CROMPTON GREAVES (313)
The stock has shown breakout pattern and having s= upport at 310 and resistance at 317. If trades above, it can test 325 and th= ereafter expect all round buying towards 337 and 345. (Buy above 317)
PUNJLLOYD (295)
The stock has corrected and got support at 291 an= d 288. Immediate resistance at 298. If breaks with volume, it may test 305 a= nd 315.
DER= IVATIVES STRATEGIES
CROMPTON GREAVES BUY. OUTLOOK POSITIVE.
ICICI BANK OUTLOOK POSITIVE, BUY FUTURES.
Disclaimer: The information contained here was gathered from sources deemed re= liable; however, no claim is made as to its accuracy or content. This does n= ot contain specific recommendations to buy or sell at particular prices or t= imes, nor should any of the examples presented be deemed as such. There is a= risk of loss in trading stocks and stocks options and you should carefully = consider your financial position before making any trades. This is not, nor = is it intended to be, a complete study of chart patterns or technical analys= is and should not be deemed as such. GEOJIT FINANCIAL SERVICES does not guar= antee that such information is accurate or complete and it should not be rel= ied upon as such. Any opinions expressed reflect judgments at this date and = are subject to change without notice. For use at the sole discretion of inve= stors without any liability on GEOJIT FINANCIAL SERVICES whatsoever. Stock t= rading involves high risks and you can lose a significant amount of money.
RESEARCH WING
ALEX K MATHEWS = alex@geojit.com
= GEOJIT FINANCIAL SERVICES LTD, KERALA
–
Chant
Hare Krsna, Hare Krsna, Krsna Krsna, Hare= Hare II
Hare Rama, Hare Rama, Rama Rama, Hare Hare II
–is = the sublime method for reviving our Krsna consciousness. As living spiritual= souls we are all originally Krsna conscious entities, but due to our asocia= tion with matter since time immemorial, our consciousness is now poluted by = material atmosphere. In this polluted concept of life, we are all trying to = exploit the resources of material nature, but actually we are becoming more = and more entangled in our complexities. This illusion is called Maya, or har= d struggle for existence over the stringent laws of material nature. This il= lusory struggle against the material nature can at once be stopped by reviva= l of our Krsna consciousness.=20
And Be Happy
