Nifty View for the week 22-26December

As we have seen in last few days that the market is witnessing buying interest,but to aware you all, the buying coming is not looking worthwhile. In the current scenario,the indians markets are outperforming all the global markets that is because interest rate sensitive banking,realty&auto stocks led the rally, and also a sharp fall in inflation raised the chances of interest rate cuts in coming weeks. The upside was catalysed by the reports that the government is working on a second stimulus package of about $9 billion for the current fiscal year to the end of March 2009,to lift economic growth and to curb the effect of global meltdown.
In the coming days Nifty will face resistance at 3115-3150 levels,if the nifty crosses these levels and manages to stay above these levels then only we can see the uprise in market in coming days. However if these levels are not crossed,or not sustained then we can see steep downside in market.
We recommend all the members to book profits at every rise above 3100 level,as we can witness the downside in markets.
On upside the crucial levels are 3115-3150,and on downside major supports at 3005-2965. All long position holders,keep watch on upside levels,as these levels can act as trend reversal levels.
Due to F&O expiry,the markets will remain highly volatile,so day traders are advised to trade with strict stoplosses.
Nifty range for this week will be 2965-3150,breakout & sustaining  on eitherside will lead to sharp movement on nifty.

Nifty levels-
Resistance-3115-3135-3150-3195-3240
Support- 3030-3005-2965-2930-2880

Stocks of the week-
Voltas (Can also buy for Delivery for medium term)
Jindal Polyfilms
IFCI
SunTV
Yes Bank
IDBI

Note- Once the stock starts trading above your buying price, keep buying price as stoploss and thenafter keep trailing with stoploss for further targets!! This strategy will always yield profits for you.