Friday, March 20, 2009

Technical Strategy: 20th March 09

Happy Morning. Dow-85.78 , Nasdaq-7.74 , Asia negative to flat, US $50.17,Crude 51, Gold 956 Sgx Nifty-15 , Nifty Daily Pivot 2800 , R1 2829 , S1 2778

F. Nifty levels:-
Pivot Point: 2791 ; Resistance: 2825 ; Support: 2766

Stocks in High Spirits: MINDTREE LTD , SUPERTEX IND

Previous days High Crossed: AXIS BANK , BNK OF INDIA , CUMMINS (I) , INDBUL REAL ,TCS LTD. , ORACLE FIN

Previous days Low Crossed: EDUCOMP SOLN , HDFC BANK , LARSEN & TOU , TITAN IND. , ZEE ENTER

Positional view of Trend changing stocks

Stocks to Buy at Lower levels.
ALSTOM POWER @ 260.37 , Sl 259.00 ,Cmp262.70
NTPC LTD @ 174.72 , Sl 173.00 ,Cmp 177.85
PTC INDIA @ 60.25 , Sl 58.00 ,Cmp 61.25

Stocks to Short at Higher levels.
MUNDRA PORT @ 318.95 , Sl 335.00 ,Cmp 312.20
POWER FINAN @ 135.62 , Sl 140.00 ,Cmp 131.30
ALLAHABAD BK @ 38.25 , Sl 39.00 ,Cmp 37.70

allvoices

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