Market outlook for the week 4-8 January'2010

Last week we clearly wrote that,if 5130 level is not breached on downside then we will see markets making new highs this week. And you all must have watched Nifty fut touching the level of 5229, and making a new high in the week ended on 31st December'2009. On higher side we gave a resistance level of 5226 and Nifty fut was unable to sustain above that even for few minutes. Once again Team EAIB, provided you all with the highly accurate market analysis and money minting stocks.

For the week starting from 4January'2010, the markets are going to open at 9AM in the morning, and thus providing a hectic schedule for brokers/dealers and an extended time for traders.Change on market timing will get on to effect from tomorrow, and my advise will be do not enter the open hour trade all of a sudden.

As we have mentioned in earlier week also, this week again Nifty fut will face resistance at 5228 level on upside. In order to gain strength the bulls have to cross and sustain above this level. Once they manage to cross and sustain above this level, we will see bulls marching ahead towards the levels of 5265-5315- 5370. If bulls manage to close consecutively above 5315 level, then we can see bears being butchered badly by bulls and Nifty fut can show a more upside of 55-130pts. However, if bulls fail to cross the major hurdle of 5228, then bears will make all possible efforts to weaken the bulls and take charge over them. Moving on downside Nifty fut have support at 5130 level, till this level is bot breached by bears, bulls will be having an upperhand and markets will keep bouncing up. If the support level of 5135 is breaked and sustained, then we can see some bear action coming in markets which will slide down Nifty fut to lower levels of 5070-5044-5000.

We recommend all traders to keep watch on range 5130-5228, as this range will play a crucial role this week, and crossover of this range on eitherside on consecutive closing basis , will show sharp movements in markets. Till 5130 level is not breached, trading strategy for the markets is buy on dips-sell on rise. All long/short positions must be hedged properly to save hard earned money, and leveraging on any one side must be avoided. As markets are showing volatility, members who are unaware of the market direction, are advised to trade with good short term investment stocks in order to earn profits.

Nifty Weekly Levels

• Resistance - 5228-5265-5315-5370-5445
• Support - 5130-5070-5044-5000-4930

===================================

Stocks for the week

• Aftek Ltd
• HSIL Ltd
• Goodluck steel
• REI Agro (Hot pick for long term investment)
• Elgi Equipments
• Anu's Labs
• Hind Oil Exploration
• JSW Holding

====================================

Intraday Calls for 4January

• Parekh aluminex abv 150 tgt-154-158.8-164+
• Tata Sponge abv 323 tgt-328-340-356+
• ICSA abv 181 tgt-184-187-192
• Jayant Agro abv 95 tgt-96.8-99-102
• Also Watch BAG Films, Carnation Ind. , Gokul Refoils, Atlanta Ltd.

For all trades, keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.

To know the exact trading entry-exit levels, and complete trading strategy, join our PREMIUM SERVICES.

For LIVE MARKET updates and stock calls, CLICK HERE.

====================================

For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com

Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.

Only accuracy here!!!!

For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303