VBA

Sunday, June 26, 2011

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Market Updates :

Nifty Spot Major Support @ 5328 (Closing Basis) And Resistance @ 5555 (Closing Basis).
Nifty If Closes Below 5328, We May Again C Level Of 5275-5221.
Nifty Future If Closes Below 5221.Then Sharp Decline Would Be Seen From 5221--5109--5054--4976--4900--4786.

Short Term Calls : Future Calls
NO CALLS

METALS OUTLOOK: Gold Prices Could Be Under Pressure Next Week
Gold prices sold off this week, pressured by a “risk-off” trade and a general sell-off in commodities, prompted by the Federal Reserve not signaling another round of quantitative easing after the current round ends in June. A break in crude-oil prices after the IEA and the Obama administration announced release crude oil from the Strategic Reserve Program also weighed
The market-wide sell-off could find momentum into next week, especially if traders need to raise cash by selling profitable positions like those in gold. Market participants also note seasonal tendencies for gold are weaker, so that could be another influence.
Because of the price break, some participants who are bullish on gold expect bargain-hunters to come in and support prices from falling further. Although the Fed did not signal a new stimulus program, they do see the U.S. economy struggling, which means no intention to tighten interest rates

Volume Buzz Stock :
From Last Two Days This Stock Parsvnath Develop Has Shown Some Volume Above 43.25 Closing Will Move To 46-49 Levels in Some Trading Sessions.
Parsvnath Fires Moves More Than 9.5 % Made High Of 46.90 n Close @ 45.80.

Past Perfomances : 
Mphasis BFL Not Breaking Its 420 Levels, SO Watch This Levels., Made High Of 440.80, n Close @ 439.65.
United Phos Has Shown Some Positive Trend IF Crosses Above 147, More Strenght Can Come We May C 155 To 162 Levels.
Uniphos Made High Of 149.50 n Close @ 149.05.

Jet Airways (India) spurted 13.76% to Rs 469.65 and topped the gainers in the BSE's 'A' group. Shares of the air carrier surged on hopes state-run oil marketing companies will cut aviation turbine fuel prices as crude oil prices fell sharply on Thursday, 23 June 2011. Jet fuel, whose prices are linked to crude oil, constitutes about half of the operating cost for airliners.

Light, sweet crude for August delivery on the New York Mercantile Exchange settled down $4.39, or 4.6%, to $91.02 a barrel on Thursday, 23 June 2011 after sliding to as low as $89.69 a barrel, its lowest level since 22 February 2011.

Sintex Industries jumped 7.13% to Rs 166. The stock was second biggest gainer in 'A' group. The gain was accompanied by rise in volume to 2.61 lakh shares as against an average daily volume of 1.37 lakh shares in the past two weeks.

Bharat Forge jumped 6.91% to Rs 305.60. The stock was third biggest gainer in 'A' group. The gain was accompanied by rise in volume to 3.05 lakh shares as against an average daily volume of 29,000 shares in the past two weeks.

Dish TV India advanced 6.77% to Rs 86 after striking a 52-week high of Rs 88 in intraday trade today, 24 June 2011. It was the fourth biggest gainer in 'A' group. The stockextended two-day 2.09% gains.

Pantaloon Retail (India) rose 6.28% to Rs 280.75, reversing two-day 7.1% fall. It was the fifth biggest gainer in 'A' group.

Nifty Future: 

June Month :  
Open : 5556.20  
High : 5608.50  
Low : 5182.40  
Close: 5484.05
Avg. : 5457.79

Yearly (2011) :  
Open : 6202.10  
High : 6209.90  
Low : 5175.10  
Close: 5484.05
Avg. : 5767.79


NIFTY FUTURE 

R5 : 5592
R4 : 5572
R3 : 5558
R2 : 5528
R1 : 5500

CMP: 5484.05

S1 : 5468
S2 : 5442
S3 : 5414
S4 : 5392
S5 : 5358

Note : Kindly Trade With Stoploss !

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