Market view for the week 13-17April

As a trend, our market view is always 100% right. And you all must be enjoying the way we are providing you all the most accurate and money minting market/stocks tips. Our last week market view once again proved out to be the most accurate view! We told you all that target for nifty is 3400+ and nifty made a high of 3409. All our investment stocks and weekly stocks made huge gains for you all. Hope you all must have minted profits in truckload.

Our commodity recommendations making our PREMIUM MEMBERS earn in truckload. We clearly told that gold can see a donward movemnt if breaked 14875 level,and the same happend with gold and thereby short gold call minted huge money for members. Now Gold traders must stay cautious as selling in gold may slower down and buying at lower levels can again come up if 13910 level is not breached and sustained on lower side.
Our Copper,Silver,Crude calls also made handsome profits this week. To mint money from commodity market ,join our COMMODITY PREMIUM SERVICE.

Coming back to equity markets, We have witnessed market closing continuously in green side with good gain, from last 5 weeks. Last week Sensex rose 455 points or 4.40% & Nifty rose 131 points or 4.08%. Till Thursday, We saw sensex jumping 2,643 pts or 32.39% to 10,803.86 to make its highest closing since 15October'2008. This upside rally in Indian markets was based upon the all round global cues and positive news flow from domestic as well as global scenario. Last week the number of trading sessions for indian markets were less (due to holidays), so the volatility was minimised and FIIs buying made this rally more sharp, FIIs net buying was Rs 1103.40 crore in three trading sessions from 1,2,6April 2009. Buying by foreign funds and expectations of a further easing of the monetary policy by the central bank may help in sustaining the recent gains.

This week we may see some volatility reflecting up in the markets, and thus the market can show some ambiguous moves. On the upside nifty will face stiff resistance at 3410, for any further upside rally we must close above the level of 3410, once this level is crossed and sustained, we can see market going upside till 3490-3530-3585-3615. On the contrary if Nifty fails to sustain on upside and witnesses selling pressure, then support exist at 3305 level, once this level is breached and sustained then one can see nifty sliding upto 3265-3220-3190-3110.
In coming days if we manage to sustain above 3530 level, then we can see this rally heading towards 3650-3755 level. However,we recommend our members to keep booking profits at every rise above 3500 level,if it comes, and must stay hedged with their positions.
One must stay alerted at the levels of 3410-353o on upside and 3265-3190 on downside, these levels can work as turning points in case of oneside movement takes place in Nifty future. Nifty range for this week is 3190-3530, breakout of these levels on both side can again lead to sharp movement. One must keep a watch on the levels and must trade accordingly with his own wisdom.

Nifty levels-
Resistance-3380-3410-3465-3490-3530
Support-3340-3305-3265-3220-3190

Stocks for the week-

• RIIL
• Satyam comp
• Noida toll
• Spice tele
• Reliance Power
• Sobha Developers
• Marg ltd

Only accuracy here!

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