AS POSTED YESTERDAY 5474 CAME.. now 5500 Support for 5840 5900 6100 target.....

As posted on blog Yesterday... India VIX is shown positive breakout 19.5 upward n 21.5 upward it touch 22.74 almost 20% in 3 days....

.... so Nifty was expecting to touch 5474 which was Trend line point... Nifty open negative traded at 5560... avoided to take position traded in put ...

      Nifty touch 5474... and then 5459..bt sharply came to 5474 n shown bounce back to 5524 ... WE had Call bought at 5474 , for target of 5840 , 5900 and 6100....

 Though NIFTy is trading below 200dma and 5624 level.. bt in last 1 hourly chart shiown good green candle.. n touched the 5474 point of trend line.. n came up.. so expecting 5500 support market will take with upward bias...

DOW JONES as expected faling.. for our long position given in chatroom a closing below 5474 is stoploss..that may trigger to 5200.. bt 5500 is
 Bt 5500 is going to act good support for 5840, 5900 and 6100 target...

We have M&m and icicibank given By vishal ...

and Unitec we taken at 49 for target of 55 & Lic housing finance for target of 181 and idbi bank for target of 147..  and long position in nifty call..

.. DONT FOLLOW this recomendation without ur own stoploss... 

Last message received on 1/29 at 12:11 AM

ALL LONG POSITION IN NIFTY STOPLOSS 5590

FOR ALL LONG POSITION IN FEB NIFTY USE 5590 STOPLOSS....

AS TODAY NIFTY CLOSED BELOW 200 DMA...
 VIX IS RISING if it goes to 25 then we may see 5500 and 5309...

So one can exit at 5590 and can Buy Only when market n VIX settles

DOW jones Is trading 52wek high from OCT good rally

Is it time for Dow Jone correction?

If this happen we may see same picture of last of 16th Jan 2010  to last week of feb 5309>>>4690

so keep stoploss...n wait nifty to settle to take futher position....

Tomorrow expect 5560 and 5474 bt dont buy at 5560..wait for 5474 trend line point that may give bounce... thats last hope.. n need to settle above 5500... lets se..

Coming Days Our NIFTY target 5900 and 6100

Coming month Feb 2011 with in Next 15-20 days Our NIFTY target is 5900 & 6100 


Nifty is holding 200 DMA and good support zone 5600-5650  
it have given positive diversions and due to expiry its range bound 
5670-5695 is good point to Buy , we already have Bought on friday at 5694 levels


Our next targets are 5900 & 6100 

Positional Stocks are  

DLF at 255 target 280-290 stoploss 243

TATAMOTORS at 1165  target 1250 and 1300 stoploss 1135

Nagarjuna Ferilizer 30 call feb at 1.8 rs target 4-5 rs stoploss 1 rs

Jaiprakash Asso at 92 rs target 100 and 102 stoploss 89

Punjlyod at 102 target 107 and 112 stoploss 97

Reliance Industries Buy at 960 target 995 , 1020 and 1050  stoploss 945