>> Monday, November 3, 2008
US markets had rallied on Friday.
We saw an unexpected Diwali with a huge short covering.
A major good news FII's are net buyers on Friday expect markets to rally today also.
Asia has opened a positive note.
I expect a gap up opening of 350+ points on Sensex.
Many good news accompanied with many bad news in fact leading market to be range bounded.
The support for the Sensex is 9300 and the resistance to the up move is at 10527-10763
Nifty: (2886) the support for the Nifty is at 2780 and the resistance to the up move is at 2951-3115-3239
Sensible trading Ideas.
Aban Offshore net profit rose 72.29 Percent to Rs 81.34 crore in Qtr ending September 2008 for the financial year 2008-2009 compared to Rs 47.21 crore in qtr ending September 2007.
Buy above 805 for targets of 825 & 835
Sell below 777 for targets of 760 & 750
Tata Chemicals net profit rose 51.39 Percent to Rs 215.80 crore in Qtr ending September 2008 for the financial year 2008-2009 compared to Rs 142.55 crore in qtr ending September 2007.
Buy above 151 for targets of 155 & 159
Sell below 143 for targets of 139 & 135
Buy above 799 for targets of 820 & 836
Sell below 783 for targets of 770 & 760
Buy above 80 for targets of 83 & 85
Sell below 77 for targets of 74 & 71
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