MARKET'S INTIAL STAGE WILL ENTIRELY DEPEND UPON ASIAN MARKET'S OUTLOOK.IT MAY OPEN IN SUCH A ZONE,FROM WHERE IT CAN BOUNCE SOMEWHAT ON INTRADAY BASIS,BUT IN THE NOON TIME MAY GIVE SOME OF THE DOWN JERK POSSIBLY.IF 4938-4920 BAND SURVIVE IT MAY GO UP.SO INTRADAY TRADER CAN USE THAT BOUNCE EARLY & GET OUT NEAR TODAYS HIGH OR ATLEAST AROUND 4990 LEVEL.SOME OF THE PICS ARE: (1)SBI:ABV 2153 TGT 2163-65----BLW 2143 TGT 2133-31
(2)ACC:ABV 860 TGT 867-69----BLW 851 TGT 844-42
(3)TCS:ABV 735 TGT 740-42----BLW 727 TGT 721-19
(4)LIC HOUSING:ABV 770 TGT 776-78----BLW 765 TGT 759-57
(5)NIFTY FUTURE:ABV 4953 TGT 4975-90(ADJUST SL)----BLW 4920 TGT 4910-4890.(ONE CAN BUY NIFTY AT OPENING AROUND 4930 LEVLE IT MAY GO UP TO 4980 LEVEL).
ALSO KEEP AN EYE ON GOA CARBON ABV 117 FOR 122(WEAK BLW 113.5) & RELIANCE ONLY ABV 1030 FOR 1040-43(WEAK BLW 1012).
HAPPY TRADING.
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