Anna breaks fast after 288 hours, nation relieved

Anna breaks fast after 288 hours, nation relieved

Anna Hazare ended his 12-day fast Sunday morning before tens of thousands of cheering supporters at Ramlila Maidan by sipping a glass of coconut water with honey offered to him by two girls.

The nation, particularly the government of Prime Minister Manmohan Singh, heaved a collective sigh of relief at the resolution of a major national cris as the 74-year-old activist ended his fast at around 10.20 a.m. He began his fast Aug 16 morning and completed 288 hours of fasting Sunday.

BUY NIFTY 4800 CALL AT 95-100 TARGET 150 +++ STOPLOSS 72

 BUY VIRGIN STOCKS RELIANCE 720 CALL AT 30 TARGET 50-60

BUY LOW RISK  NTPC 180 CALL AT 0.70 TARGET 2 STOPLOSS 0.35

MARKET NEXT WEEK 22/8/11

WHEN I WROTE FIRST TIME IN MUDRAA.COM IN MID JULY THAT, MARKET WILL FALL IN AUGUST  TO 4900 .  MANY MEMBERS WERE ASKING VARIOUS QUESTIONS. I DID NOT REPLY ANY ONE. NOW ALL OF YOU ARE SEEING WHERE MARKET IS. THERE IS NO SUPPORT OF FALLING MARKET, AND THAERE IS NO RESISTANCE OF RISING MARKET.

 I HOPE ALL OF YOU HAVE MINTED MONEY. NOW SENTIMENT HAS BECAME VERY BEARISH. MARKET SHOULD TAKE SUPPORT AT 38.2% RETRACEMENT LEVEL WHICH IS  AROUND 4772. MARKET IS NEVER GURANTEED, IT ALWAYS GIVE SURPRISES. THERE IS ONLY FOUR DAYS LEFT IN EXPIRY. IF MARKET SUSTAIN HERE WE CAN SEE MINOR UPSIDE TO 5100 LEVEL. BUT I EXPECT THAT IT WILL FALL TO 4672-4650. WHOLE MONTHS MARKET HAS FALLEN SO I DONT EXPECT THAT MARKET WILL CLOSE ABV 5000 LEVEL BEFORE EXPIRY.

SHORT TERM TREND IS DOWN

LONG TERM TREND IS DOWN 

STOCK WATCH FOR NEXT WEEK

ASHOK LEYLAND  CURRENT PRICE 25.5 BUY FOT THE TARGET OF 29 STOPLOSS 23

NIFTY IS FINDING SUPPORT MOST PROBABLY IT SHOULD TAKE SUPPORT AT 4672. ALL OSCILATORS ARE WEEK. MACD HAS MORE PLACE FOR MORE DOWNFALL. ADX IS GIVING STRENTH TO BEARS

OPTION DATA 19/8/2011

TREND LINE BROKEN

LONG TERM RISING TREND LINE AND SHORT TERM FALLING TREND LINE SUPPORT HAS BROKEN TODAY. AS I EXPECTED THAT MARKET WILL TAKE SUPPORT AT 5010 LEVEL AND WILL GO TO 5345 LEVEL. BUT DUE TO GLOBAL SENTIMENT IT DID'NT TOOK SUPPORT AT 5010 AND FALL FURTHER.  MARKET 38% RETRACEMENT LEVEL IS AROUND 4772 EXPECTED TO KISS BEFORE EXPIRY.

DATE 19/AUG/2011

SBI 2100 AT 75

NIFTY 5000 PUT AT 160

AXIS BANK PUT AT 47

BUY NIFTY 5000 PUT AT 83

BUY SBI 2100 PUT AT 33

BUY AXIS BANK 1100 PUT AT 23

 BOOK PROFIT

ITC

BUY ITC 200 CALL AT 5.65
BOOKED PROFIT AT 6.70

ORCHID CHEMICAL

BUY ORCHID CHEMICAL 210 CALL AT 5.50

EXIT ORCHID CHEMICAL AT 1.75. IT WENT TO 7.90 BUT WE COULD NOT BOOKED PROFIT. WE ALL ARE TRAPED BY OPRETORS.

NIFTY LINE CHARTS VIEWS

38% RETRACEMENT IS AROUND 4772. ON THIS CHART IT SEEMS THAT IT WILL TEST IN COMING WEEK OR REST OF DAYS IN THIS MONTH.

SWING INDICATION 5 DAYS IS DOWN REVERSAL  IS 5204.

RK BUZZING STOCKS FOR NEXT WEEK

SCRIPT NAME                 CLOSING PRICE              SIGNAL        TARGET        TARGET %

ASHOK LEYLAND                  25.85                             BUY               29.60                     14% EXIT AT 24  

IDFC                                         119.50                           SELL           110                         9%      TARGET ACHIVED

SBIN                                         2197.00                         SELL            2100                       5%     BOOK PROFIT AT 2050

ORCHID CHEM                        198.95                           BUY               220                      10%  EXIT AT 198

                                                                     

                                                                  ALERT

SBI ONCE BREAK 2100 LEVEL WITH VOLLUME NON STOP SLIDE UPTO 2000 LEVEL. MY ULTIMATE TARGET IS 1900.

NIFTY WEEKLY VIEWS 13/8/11

MARKET IS FALLING BUT STOCHASTIC IS INCREASING UP SIDE. IN THAT SITUATION UPSIDE IS LIMITED FOR MARKET. SIENCE 5 DAYS MARKET IS FACING STRONG RESISTANCE NEAR 5200 LEVEL. MARKET COULDNOT GO UP EVEN POSSITIVE  GLOBAL MARKET. IF MARKET DOES NOT GO UP ABOVE 5200 LEVEL IT WILL MAKE A BIG LOWER TOP  FORMATION. WHICH SHOW MORE BEARISH SITUATION IN COMING DAYS. RSI IS AT 30 LEVEL WHICH INDICATE MORE DOWNSIDE WITH VOLLATILITY.

NIFTY

BOOK FULL PROFIT IN NIFTY 5100 AT 135,5300AT 270 ,5400 AT 330
ENJOY.

BUY ONGC 280 CALL AT 6.15