14TH JUNE

Hiii
Stop Press :.US MKTS...IMP!!!!!1:50 am(24 minutes ago) DOW JONES UP 1.3%, CAC UP .75% NASDAQ UP , S& P UP AROUND 1.3% FTSE UP .75%BIGGEST GAIN IN ONE YEAR FOR THE US MKTS!!! MUCH DREADED BOND YIELD IS DOWN FROM PREVIOS BUT STILL OVER 5 %....NOW IF WE WERE FALLING CAUSE OF THE FOREIGN MKTS I DON SEE WHY WE SHUD FALL TODAY WHEN US MKTS WERE UP...EVEN BRAZILLIAN MKTS AND OTHER EMERGING MKTS WERE IN THE BLUE....NOW ITS THE TURN FOR THE INDIAN MKTS...I AM HOPEFULL

Market have witnessed a strong hammer from the higher levels and this hammer remained continue till the closing .one thing is again to repeat that if market remains below 4185+nothing is good for mid term bull.still one major support is there which is around 4050+ and it seems that this level can be saved by the mighty bulls,in the coming days.but as of now no sign of buying pressure is seen since this Monday which indicates supply on the higher side and again buying in the panic which is indecision between bulls and bears so far.

Expert:Nifty future could not maintain level of 4120 and closed lower indicating weakness. The trading zone in action is now 4096 -3840. For today's trading crossover of 4098 will lead Nifty future to the level of 4117 and then to the level of 4130. Decisive crossover of 4130 will lead Nifty future to crucial high of 4142. Crucial level remains at 4185. On lower side violation of 4081 will lead Nifty future to the level of 4065. Technical pause is expected around 4165. Violation of 4165 will lead Nifty future to the level of 4045 and first retracement level is at 4035. Resistance to upward move will be at 4127 and 4165 whereas Support will be at 4065 and 4043.

Trend
Volatile

Stocks

RELIANCE IND

RELIANCE CAPITAL

RENUKA SUGAR(GOOD UPSIDE EXPECTED)

STERLING BIOTECH


Fno Calls:-
1.Buy PUNJLLOYD june fut with Stop loss 235 Traget 244-246.
2.Buy SBIN june fut with Stop loss 1288 Target 1308-1310.

Intraday Cash Calls:-
1.Buy GTL with Stop loss 219 Traget 226-228.
2.Buy BRFL with Stop loss 208 Target 216-218.
3.Buy TIMETECHNO with Stop loss 472 Target 488-490.
4.Buy GMRINFRA with stop loss 525 Traget 538-540.