Market outlook and Free intraday tips for 10th Nov 2008

Market is deciding a trading zone and saddling in that zone only. If investors understand that range of Nifty I guess it must be at lower level 2860 and at upper level 3010 then it will help them to make stretegy. The sea saw movement of the market was the result of the global cues. FII’s are raising significant put selling then call buying. Especially intense put selling was seen in Nifty 2900, while significant call buying was seen in nifty 3100 call. PCR is also showing down trend if we compare it to the yesterday’s level.  We are advising our investers that according 2860-3010 levels they can choose their strategy followed by strict stop loss. Overall Nifty hold 3000, heading towards 3200-3250.

NIFTY : Monthly trend decider 3053, resistance 2854, support 2106 . Major resistance zone 3237-3250. Today support 2950, crossover 3010 with volume bull will charge and target 3038, thereafter 3098. Close eye 3013 level.

BSE : Today support 9887, crossover10068, it can move up to 10142 10320, thereafter more up side. Close eye 10180 level, crossover and sustained, more short covering expected.

CNX IT : Hold 2500 bull will charge continue and target 2950. .

BANK NIFTY : Corrective rally continue.

JP ASSOCIATES Monthly trend decider 80 Today support 85, it will face resistance 90. Higher level major resistance 96

SUZLON ENERGY: Monthly trend decider 82. Crossover 73, non stop target 82 or above. FIIS are very active in this counter which likely target 90 mark in coming days.

NTPC : Monthly trend decider 146. Crossover 155 time being buying opportunity and take advantage.
NEV LIGNITE :  Monthly trend decider. Looks good. Keep a stop loss 61 and buy for target 70 or above.

TISCO: Monthly trend decider 270. Crossover 190, immediate target 204, 209,211. Over sold counter.

BANK OF INDIA: Monthly trend decider 250 Looks great, buy for target 295-300 mark , Today support 268, 261. Close watch 293 which is a major resistance of this stock

BANK OF BARODA: Monthly trend decider 259 Stock is trading above 50 and 200 DMA which is a very bullish sign, today support 285, crossover 298 target 310-320 mark. Thereafter more up side in coming days.

UNION BANK OF INDIA : Monthly trend decider Today support 150, it will face resistance 165-170.

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