Money Mantra
A Technical and Fundamental Research Team of Stock & Commodity
www.moneymantrastock.com
Market Watch 18-march-2008
Bears and Stern’s provided fresh ammunition for another bear onslaught. Sensex lost more than 1000 points and in the process fell below the 15000 mark. There was no place to hide as it was an across the board kind of fall with all heavyweights and sectors falling like ninepins. Orchid was the worst hit as it lost more than 40% on huge volumes. Banks were the worst affected as ICICI bank led the decline with more than 14% loss. Breadth was pathetic as could be expected on such a day.
FREE CALL:-
18-Mar-08 HOLDING FOR SHORT TERM
MEMBERS GET FOLLOW UP AND DETAILS
Bombay Dyeing (SELL, CMP Rs584, Target 550 /???
The stock has formed a bearish Head and Shoulders chart pattern on the daily chart. The neckline for the same is placed at Rs600. This bearish signal indicates a beginning of a new downtrend. The daily RSI is exhibiting negative divergence and the MACD is also indicating a negative crossover, indicating weakness in the trend. A sustained close below the levels of Rs575 will lead to a breakdown from this bearish pattern. Based on the above observations, MAKE YOUR SOPT LOSS OF 600
Aurobindo Pharma (SELL, CMP Rs258, Target 245/???)
On the daily charts, the stock is on a steady downtrend from November 2007 onwards. In the last week of February, the stock attempted reversal from Rs300 levels and halted at the resistance of Rs340. Form this level, the stock has declined sharply and has given a downside breakout. The daily momentum indicators are also showing a downward trend. RSI is well below its neutral area of 40 and MACD has also shown a negative divergence. We expect the stock to test its previous bottom in the near term. Based on above technical perspective.
Market Report:
Nifty fell below 4500 and is now approaching the Jan lows of around 4430. There are no signs as yet of any bottom formation as market is violating all the support areas with ease. The fall below 4620 suggests that we could be in for another bout of selling that might take Nifty to around sub- 4300 levels. Things remain uncertain on the fundamental front too as skeletons keep falling from US financial sector’s cupboard. Most of the stocks are breaking significant support levels and are making new lows everyday. At the cost of being repetitive, we could only advise wait and watch as far as action is concerned. Market doesn’t seem to be in hurry in finding any sort of bottom and we should also follow the market.
INTRADAY CALLS GIVEN ON
17-MAR-2008
Count Daily Profit with Your Own Eyes
WE GIVE HUGE PROFIT DAILY Enjoy The Ultimate RIDE of Selected Intraday Calls……
LIVE CALLS GIVEN BY SMS / Yahoo
Our astrologic view show market will sharply gone down today and watch that’s why we give short call @ opening trade
These are pre market call base on Chart Research Only
ALERT!
No aggressive buying should be undertaken till there is some stability in the markets.
Hero Honda sell below 710 TG 680
This is our pre-market call and come low of 677 and get our target achieved.
Sell Nifty 4565 tg 4500 sl 4580
Rec to our all members of fno and other to sell @ 4565 and Nifty collapsed to 4476 and get achieved our all target.
Sell Educomp @3400 sl 3435 tg 3350
Rec to our all members to sell Educomp@3400 and target of 3350 and collapsed to 3335 and bang on our all target with bigger profit to all members.
Sell Rel Capital @1228 tg 1205/1150 make sl of 1235
From some session our team rec all activity of ADAG STOCK and we find to sell this stock as market crash and heavy weight stock also show negative effect on market and rec to sell with for free fall target is given 1150 but script make low of 111. unbelievable profit in one lot….
Sell RENUKA @1020 SL OF 1028 TG 1000/980 TO LION HEART MEMBERS ONLY
Script make Low 991 but first stop loss of 1028 triggered.
SELL SBI@1630 TG 1610 OR BELOW SL OF 1642
As all banks stock free fall without any support level we also recommend to sell after rec to sell Icici to online members. SBI we sell @1630 and script come down to 1594 and get our target of 1610.
SELL RCOM @490 TG 482 /476 SL 495 Low 476
As Techiniqually chart show very negative effect on this market and market also shake hand to come down this stock rec to sell @490 and target of 476 and script collapsed to 476 and our members make great profit in crash market.
Investment in Falling market with Money Mantra
Buy HindUniliver @ 226 and make your strict Stop Loss ???
Closing@ 222 even market is 950 point down
As market correction near about 1000 point and it very good level to buy only news base or fundamental stock with help of research and guidance. We rec to buy Hind uniliver ,for we have some special report about this stock, @226 for short term and script closing price is 222. Full details for members…………………….
EQUITY RESEARCH
BUY DLF @610 MAKE YOUR SL 598 TARGET 645/??? HOLDING PERIOD OF 2-6 DAYS CLOSING 607 …………. You can also take your position.
ORCHIDCHEM:-
DOWN 40% NOW INVESTOR START MAKE POSITION IN THIS STOCK ALL MOST CORRECTION IS OVER IN ORCHID.
BUY @130 Holding for 2-5 days Target and Stop Loss for members You can also take Your Position as your decision. To get full Details Join Us.
BTST / STBT Calls of the Day
17-march-2008
BTST CALL BUY BHARTI FUT @ 746 HIGH 759
CLOSING RATE OF 740
STBT EssarOil FUTS @212
Details for members
Collapsed to 210
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. We are not responsible for any losses made by traders. And all fee is not refundable. By visiting our web or newsletter you are agree to our disclaimer and our terms and conditions. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. We are trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations. We have not any position in our given scripts but may be our members have.
0 comments:
Post a Comment