TRADING DAIRY FOR 22/05/2009

21/05/2009

FII & DII Turnover (BSE + NSE)

(Rs. crore)
	FII			DII
Trade Date	Buy	Sales	Net	Buy	Sales	Net
21/5/09	3,766.90	3,769.04	-2.14	1,550.76	1,922.24	-371.48
20/5/09	5,631.80	6,617.33	-985.53	2,311.03	2,306.04	4.99
19/5/09	12,405.89	7,613.33	4,792.56	2,658.97	4,623.16	-1,964.19
May, 09	50,637.09	38,722.47	11,914.62	16,707.03	18,390.87	-1,683.84
Since 1/1/09   *	171,669.60	162,884.66	8,784.94	85,917.92	77,939.84	7,978.08

 

 

• Fii And Dii Are Net Seller As Per The Figures Shown Above But The Openinterest Has Decreased In May And Increased Highly In June Shows Still Every Body Is Bullish  With Hegde Position May Be Short In May And Long In June Also It Seems Consolidation Of Profit Booking Unless It Is Above 3800 Weekly And Monthly Trend Is Up But Daily Trend Is Showing Some Downside With Support 4000 Rsi And Ss Are In –Ve Divergense So We May Correct Some More But Please Trade Intraday Only Because Main Trend Is Up And What Is Hidden In The Trend Reversal Is Not Clear So Keep Tight Stop Loss On Long And Short. Tomorrow Being Weekly Close Which Should Remain Above 3680 Which Is Very Far Away Also Global Cues Shall Play A Big Game To Squeze Short If Kept  Open Till Monday Also Closing Shall Be Important (Also Tomorrow Cabinet Is To Be Formed After Mkt Hours So Please Be Carefull) 

  

• CLICK HERE How should retail investors interpret this market?

• Market spurt not exactly for retail investors

• Wary retail investors don't fall for feel-good rally, yet

·         

• The Main Trend Is Up 
• Now We Will Have Bigger Range To Play From 3700 - 4000 - 4670

• LEVEL FOR THE DAY

• TECHNICAL OUTLOOK :
• Imp Support 4180, Imp Resistance 4245,
• Likely Trading Range 4140-4280,
• Trade on long Above 4245 and Vice versa
• Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.

BUY RECOMMENDATION FOR SHORT TERM

SCRIPT	CMP	BUY RANGE	SL	T1	T2	T3
HTMMEDIA	100	90 - 100	88	113	125	149
HEXAWARE	39.15	37 -  39	35	43	48	53
ALOKTEXT	18.2	17 -  18	16	21	24	28
NOIDATOLL	35.7	30 -  35	29	40	44	50

DISCLAIMER