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    The document provides a technical analysis and recommendations for the Nifty futures market. It finds that Nifty futures took support around 5150, as predicted last week, and this level may continue providing support. Resistance levels are identified at 5515 and 5760. Specific buy recommendations are given for Coal India, Orchid Chemicals, and Tata Chemicals with price targets and stop losses provided to aim for risk-adjusted returns of around 3-5% per trade.

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    The document provides a technical analysis and recommendations for the Nifty futures market. It finds that Nifty futures took support around 5150, as predicted last week, and this level may continue providing support. Resistance levels are identified at 5515 and 5760. Specific buy recommendations are given for Coal India, Orchid Chemicals, and Tata Chemicals with price targets and stop losses provided to aim for risk-adjusted returns of around 3-5% per trade.

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    14 views6 pages

    Monday, April 02, 2012

    Uploaded by

    api-119643056
    The document provides a technical analysis and recommendations for the Nifty futures market. It finds that Nifty futures took support around 5150, as predicted last week, and this level may continue providing support. Resistance levels are identified at 5515 and 5760. Specific buy recommendations are given for Coal India, Orchid Chemicals, and Tata Chemicals with price targets and stop losses provided to aim for risk-adjusted returns of around 3-5% per trade.

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    Monday, April 02, 2012

    Disclaimer : While due care has been taken in preparing the analysis presented here, no responsibility can be or is assumed for any consequences resulting out of acting on it. Copy Right : Kaushik Matalia Contact : E-mail : kaushikm8@yahoo.co.in Call : 98207 73669

    Nifty Future (Weekly)


    6200

    6000

    5800

    5515

    5600

    5400

    5200

    5130

    Nifty Future (CMP. 5333) took support almost in the range of 5150, which we mentioned in our last week's news letter. Also for next few weeks, this level is likely to provide support. While on upside it will face resistances at 5515 & 5760 respectively. Sensex Equivalents : 5130 = 16850 - 16900

    5000

    4800

    4600

    5515 = 18200
    November 2011 February April May June July August September November 2012 February April May June

    Created in MetaStock from Equis International

    Nifty Future (Weekly)


    6500

    5760
    6000

    5500

    5000

    5130
    4500

    4000

    3500

    3000

    2500
    2009 M A M J J A S O N D 2010 M A M J J A S O N D 2011 M A M J J A S O N D 2012 M A M J J A S

    Created in MetaStock from Equis International

    Sensex (Weekly)
    20000

    18170

    18000

    16000

    16860

    14000

    12000

    10000

    8000
    M A M J J A S O N D 2010 M A M J J A S O N D 2011 M A M J J A S O N D 2012 M A M J J

    Created in MetaStock from Equis International

    Sensex (Daily)

    21000

    20500

    20000

    19500

    18200

    19000

    18500

    18000

    17500

    17000

    16500

    16900
    16000

    15500

    November

    2011

    February March

    April

    May

    June

    July

    August

    September

    November

    2012

    February March

    April

    May

    Created in MetaStock from Equis International

    For Traders : Below are given few buy recommendations, which should be followed by strict stoploss.

    Scrip Name
    COAL INDIA ORCHID CHEM. TATA CHEM # When Risk is 1%

    Stoploss
    335.00 180.00 337.00

    Close
    343.00 185.00 345.00

    Target
    365.00 210.00 370.00

    Reward # 2.75% 5.00% 3.13%

    Absolute Return 6.41% 13.51% 7.25%

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