10Th February
Trade strategy for 10TH February 2010
(Based on the technology provided by O P Agarwal)
Markets close higher with cautious optimism
The market opened yesterday to a flat negative impact on the global cues are weak, but rose in morning trading in itself to buy growth in information technology stocks led by Infosys shares. Then saw the market to buy other stocks in the front line coupled with a very short covering, which makes the mood of the market to the positive and Sensex, which dropped to 15,862 in morning trading, in closed session at 16,042, netting a gain of 106 points when it closed in 4792 stylish affordable the case today in terms of the low 4739. Major gainers yesterday were shares of cement and information technology, while shares of other sectors such as pharmaceuticals, energy, capital goods and banking stocks also found good support from investors. Expansion of the market yesterday seemed a little close and positive out of 2881 stocks traded on the Bahrain Stock Exchange, 1500 at the close. 1302 stocks declined and 79 stocks ended flat. The market seems to be waiting for some positive trigger global stock markets, which could push the market up to higher levels. However, readers are advised to monitor the direction of the market before taking positions significantly.
Nifty Future (another close 4793.35)
Counter after opening flat yesterday moved upward trend in trading later, and remained stable throughout the session with the exception of profit-taking in some cases. The counter is slowly towards the positive bias, as is evident from the pattern of movement yesterday after a closed session earn 28 points. Nuf may move up to more once the 4852/4886 crafts and stay above 4821.75. Strong support for the cooling air is at 4753.25, which, if broken decisively with the folders and then cooling air may slip into 4736/4714.
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Owned in the future (Last Close 532.15)
Shares after moving range bound during the past few trading sessions closed the road yesterday afternoon, above weekly resistance, albeit with low trading volumes. A positive balance shown on maps, and can transfer up to 538/542 once the character and stays above 534.00. Strong support for the shares at 528.25 exist.
Aban OFFSHORE future (another close 1172.35)
Moderate fluctuation after the stock closed yesterday above the trend in the short term with large volumes refer to the accumulation of current prices. Stocks are still positive on the maps, and can transfer up to 1187/1206 as soon as the character and remain above 1177.75. Strong support for the shares exist on 1166.25.
EDUCOMP future solutions (Last Close 662.15)
After the recent rise in stock 717 days in February 3rd 2010 saw a sharp decline in 638 February 5th 2010 on heavy selling pressure, but appears, however, that the stock market now in the standardization of the current price, and may provide up to move 671/677 Once the character and stays above 664.75. Strong support for the shares at 657.25 exist.
Dear readers,
Please watch the direction of the market and use
It deems appropriate before making a trade.
Protection of excess profits with a rapid stop and minimize losses.
Avoid adding to the loss of contracts to make crafts
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Disclosure: At the time of writing this article, the author, his clients are dependent family members have contributed to the positions mentioned above. The author, has his company, his clients or any of his family dependent make a purchase or sale of securities listed on the site. Author has contributed to the positions mentioned above so that it is clear vested interest in going up and down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable sources and documented believed to be true and correct, as is technical analysis on the basis of perception and graphs. And that investors should make their own decisions. We do not accept any responsibility for any transactions they make. The author will not be responsible or liable for any legal or financial losses made by anyone.
