ON 26/09/2011 - 30/09/2011 - WEEKLY TREND OF THE MARKET

LAST WEEK MARKET IS NOT GO BEYOND 5174 LEVELS ( HIGH IS 5173.9 ) DOUBLE TOP FORMATION AND CAME DOWN SIDE. WHAT WE SAY IS IT GO UP SIDE BREAK 5230 LEVELS THEN MARKET GO UP SIDE 5750 LEVELS. BUT IT IS NOT GO TO 5230 LEVELS. THEN MARKET SLIDING TO 5710 LEVELS.

THIS WEEK

MANY STOCKS IN OVER SOLD STAGE BUT GLOBAL CUES ONLY LEAD THE MARKET, AT THE SAME TIME RUPEE ALSO WEAK. PRANAB VS CHITHAMBARAM FIGHT ALSO WEAK THE GOVERNMENT. SO FIIS ARE BOOK PROFIT AND GET THE MONEY BACK FORM OUR MARKETS.

GLOBEL NEWS ( AMERICA AND EUROPE ) :

• 26  - NEW HOME SALES  
• 27 - CONSUMER CONFIDENCE
• 28 - DURABLE GOODS ORDER
• 29 - G.D.P, JOBLESS CLAIM
• 30 - PERSONAL INCOME AND OUTLAYS

THESE ARE NEWS LEAD THE MARKETS THIS WEEK.

F AND O CLOSE ON 29th :

LAST F&O CLOSE DAY WHAT WAS HAPPENED? THE SAME MAY BE OCCURRED THIS MONTH ALSO. HEAVY SELLING MAY DONE ON THAT DAY.

WHAT WILL HAPPEN THIS WEEK :

IF MARKET IS NOT BREAK THE 4930 LEVELS THEN IT GOES DOWN SIDE. IF IT JUMP ON 4710 LEVELS. IT IS THE DOUBLE BOTTOM MARKET MAY GO LITTLE UP SIDE IT MAY BE ON 27th or 28th. OTHERWISE IT IS GO DOWN SIDE UP TO 4550 LEVELS. HEAVY RESISTANCE AT 5030 -5040 LEVELS.

CUP PATTERN BREAKS NOW SO THE MARKET GO UP TO 4250 LEVELS. SO AVOID DELIVERY POSITIONS. DAY TRADING ONLY GET BENEFIT.

AVOID METAL STOCKS FOR TRADING AND DELIVERY.

THIS WEEK MARKET MOVE UP TO 4920 LEVELS IF IT GOES BEYOND 5030.
 

DOWNSIDE ONCE BREAK 4810 LEVELS THEN IT MAY GO UP TO 4715 - 4650.

MONDAY MARKET MAY OPEN IN RED. 

SO FOR TOMORROW INTRA LEVELS YOU WATCH TOMORROW MORNING 9.00 a.m.