MARKET VIEW FOR 28TH DECEMBER 2010

STILL THE OPTION DATA SHOW THAT THERE WILL BE EXPIRY ABOVE 6000, UNLESS THERE IS  MAJOR SHIFT IN THE CALL & PUT WRITING AT 6000 CALL & PUT


HOWEVER ONE SHOULD KEEP IN MIND THE FOLLOWING:


PIVOT POINT: 5980-82 


RESISTANCE AT 6020-6055-6105 SUPPORT AT 5950-5930-5900-5850


WATCH THE FOLLOWING STOCKS FOR SHORT TERM TRADING POSITIONS FROM THE EXPIRY POINT OF VIEW & AFTERWARDS.


RELIANCE: 
KEEP EYE ON 1076-77 BUY ABOVE THIS FOR TARGET OF 1088-1100-1116-1127
KEEP EYE ON 1048-46 SELL BELOW THIS FOR TARGET OF 1038-1032-1026-1020


SBIN:

KEEP EYE ON 2782-86 BUY ABOVE THIS FOR TARGET OF 2820-2880-2900

KEEP EYE ON 2712-10 SELL BELOW THIS FOR TARGET OF 2700-2680-2640-2620

Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

Disclaimer: 
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.