Market Views & Trends

Dear All,

Nifty should go up to 5155 levels now, as we expect Greece Govt to announce fiscal deficit roadmap which should help Euro stabilize.

$ in turn would fall which should help commodities, EM equity and Indian Markets to look up. We see post strong budget, we will have funds allocation resuming and our markets touching 5155.

Also, 5050 has been holding up and 5130 – 5150 should be the next resistances.

Positional Plays :

• Orbit Corp. - Long at 248 for a target of 265 / 270. (8% return)
• Jai Corp. - Long at 250 for a target of 264 /270. (7% return)

Trading Plays:

• IOB - Long at 93 for a target of 95 & then 100 (2% trading & 7% swing return)

Trading Ideas Sent for 3/3/10

• Aban offshore – Long at 1212 for a target of 1248 Stop loss at 1205 (3% return)
• Made a day high of 1244 & should complete 1248 tomorrow. Closed marginally above our buy price

• GSPL – Long at 89 for a target of 90.4 Stop loss at 88.5 (1% return)
• Made a day high of 90.7 completing our trading target

• IVRCL Infra – CMP 331 & if it breaks 336 on a closing basis then 340 is on the cards (Possible 3% return)
• Made a day high of 336.9 before closing at 335/ looks poised for 340

• Lanco Infratech – Long at 47.5 for a target of 48.3 (2% trading return) & target of 49.4 (4% short term return)
• Made a day high of 48.5 completing our trading target. 49.4 is on the cards.

All these ideas were sent to out mail subscription clients for free during the market hours. In case you want to receive these mails too during the market hours just drop us an email at dewang@denip.in / nimesh@denip.in