Weekly News Letter ( 25-October-2010)

Weekly News Letter for week starting from 25-October-2010 ( by NiftyLiveCharts Team )

The markets are trading in range, At every rise we are seeing some profit booking, and at every fall we are seeing some fresh buying. Similar behavior can be expected in coming time to. Over all the markets are good and there is no bad news to push the market down or to build fresh short positions. The coming time can be quite rewarding if your stock selection is good. we have seen lot of stock specific buying. Some of the examples of these shares are

SOFTPRO ( 41% ) UP
JAYBARMARU ( 30% ) UP
RML ( 28% ) UP
TI ( 27% ) UP
SSWL ( 25% ) UP

FII has done lot of buying in recent month in Indian market, and they are still buying which can lead to more rally in indian market in coming time.

Nifty  6066
Trend = BULL
Trend reverse = Below 6040 ( Trend will be Bear below this )

Support1 = 5979 Resistance1 = 6140
Support2 = 5892 Resistance2 = 6214
Support3 = 5818 Resistance3 = 6301

Bank Nifty 12,384
Trend = BULL
Trend reverse =  Below 12305 ( Trend will be Bear below this )

Support1 = 12170     Resistance1 = 12566
Support2 = 11956     Resistance2 = 12748
Support3 = 11774     Resistance3 = 12962

Strong FNO Shares
ABGSHIP
CANBK
PTC
BIOCON
FEDERALBNK
UNIPHOS
PETRONET
TCS
TULIP
IBREALEST

Weak FNO Shares
GMRINFRA
ORBITCORP
WIPRO
OPTOCIRCUI
AREVAT&D
STER
UNITECH
APOLLOTYRE
CHAMBLFERT
SESAGOA

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Warm Regards
Lets Make Profit Team
Contact Numbers :- 9899555993 | 9811344604 | 011- 45871907 | 011-65576740

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