Stock and Commodity India

Trading Strategy for 26-12-2006
VOLATILITY MAY END SOON
Due to some un avoiidable circumstance we could not update our airticle for last 15 days. We are sorry for that. Market remained extremely volatile and choppy through out the week. Traders and Jobbers were wiped off the market. Long term investors should not worry from daily movements. Short term and day traders should not take long positions. In our opinion the correction is not complete and market may touch the last week's lows again.
NIFTY FUTURE {3856.60} : - Nifty Future will find strong support @ 3840 and 3810. It may face strong resistance @ 3890 - 3892 and finally 3905. Be extremely cautious @ higher levels.
COPPER MCX_FEB : - We are bearish on this commodity since it was ruling @ Rs 350/- now it is @288 we are still bearish and advice you to keep SL of 292 and go short may come down to 270 in coming days.
In last wrtite up we advised you all to go short in Whear and channa just see what happened both crashed by whopping Rs 200/- even if you had sold one lot you would have made a killing of Rs 20000.
For silver and Gold wait for next 15 days.

STOCK
Long term investors should not worry from daily movements. Short term and day traders should not take long positions. In our opinion the correction is not complete and market may touch the last week's lows again.
NIFTY FUTURE {3856.60} : - Nifty Future will find strong support @ 3840 and 3810. It may face strong resistance @ 3890 - 3892 and finally 3905. Be extremely cautious @ higher levels.
ARVIND FUTURE: - Keep SL of 50 and go long in Arvind Mills for the short term target of 55 and 59.
AUROBINDO PHARMA : - Keep S1 of 680 and go long in Arvind the short term target of 708 - 710. Once traders above 710 with colume will explode upto 740.

COMMODITY
COPPER MCX_FEB : - We are bearish on this commodity since it was ruling @ Rs 350/- now it is @288 we are still bearish and advice you to keep SL of 292 and go short may come down to 270 in coming days.
In last wrtite up we advised you all to go short in Whear and channa just see what happened both crashed by whopping Rs 200/- even if you had sold one lot you would have made a killing of Rs 20000.
For silver and Gold wait for next 15 days.