Market outlook for 16/09/09

15-9-2009 trading resumed the bullish trend with out giving any lower jerk and nifty closed at 4892+83 points. FII data, F&O data, Option writing all are showing renewed bullishness as of now. US markets, Global markets, SGX nifty are in green. Markets will go up further with intra day jerks. Target 5200-5300 next month.
Above 4902....Last Hurdle: 4952
Do u know from last 4 days only one thing we were writing that above 4755 if closes for 2 days then nonstop rally upto 4902-4952 level. Now already closed above 4755 for three days. Close above 4952, Next target 5101-5151. Alert was given ....Crucial support @ 4790

NIFTY Technicals:
Current Spot: 4892.10
Pivot: 4866.60
Supports: 4834 & 4776
Resistance: 4925 & 4958

Stock Ideas for the Day:
Ifci : Buy Above 60 For Targets Of 61 And 62.10. Sl Of 59.20
Idbi : Buy Above 110 For Targets Of 112,114,117 Sl 108
Patni : Buy Above 410 For Targets Of 415,419,426 Sl 405
Tulip : Buy Above 1056 For Targets Of 1074, 1099 Sl 1049
Brandhouse : Buy Above 35.5 For Targets Of 37, 39 Sl 32.5
M&M : Buy Above 909 For Targets Of 918, 932, 941 Sl 895
Reliance : Buy Above 2185 For Targets Of 2195, 2203 Sl 2178

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks & Regards

Market Pulse S&P Team