TECH MAHINDRA

After completing rounding bottom till neckline which is also a 50% retracement mark of previous major down-leg, stock seems to be taking out some profits, which may continue till 955/82 which is a crucial support band. Any further dip with volume can turn short term trend down can stock may experience some more pain towards 800/860 range. To experience any fresh up move, stock MUST move above 1130/60 range with decisive volumes and produce weekly and if possible then monthly close above this range. On indicators, we can see a clear breakdown sign, which can become a danger mark if RSI dips below 50 mark. At the point, stock looks weak and can experience profit taking either upto 988 or even upto 955 odd levels.

TODAYS THOUGHT

Are You Directing Your Inner Orchestra Well?

Our inner orchestra is made up of different musical instruments. These instruments are our memories, desires, tendencies, mind, beliefs, emotions, feelings, fears, intuition, judgements, creativity, our imagination… 
Who is the director of this orchestra? You. Who are you? You – the consciousness, you – the soul, you – the being. When you direct your inner orchestra well, you can remain unaffected by external influences. If you, the director of the orchestra, close your eyes for a few moments and cover up your ears, what happens to the orchestra? The music is not very harmonious or sweet; it is noisy and you suffer. To make the orchestra play according to the inner voice of your being, according to your purest intentions and values, you simply have to be awake, alert and attentive, and listen with your heart, not with your physical heart but with the heart of your being.

Market Direction for Today

Yesterday written that below 5732

Nifty fut would dip up to 5700.

Nifty fut made low at 5666.40 and closed at 5688.

"ABOVE CALL GIVEN TO ONLY  THOSE WHO TOOK OUR MONTHLY PAID CALLS SERVICES"

Market Direction for Today

Support at 5665-5651 for intraday.

If breaks below 5639 and not able to cross above 5677-5684

then see panic selloff again which may drag

Nifty fut lower up to 5614-5591-5565.

Strong Hurdle at 5690-5710.

COMMODITIES VIEW

CURRENCY VIEW

Major Forex News
Euro Advances From Five-Week Low Versus Yen on IMF-Cyprus Deal
The euro strengthened from a five- week low versus the yen after the International Monetary Fund said it
would provide 1 billion euros ($1.28 billion) of aid to Cyprus, boosting demand for the region’s assets.
The 17-nation currency reversed an earlier decline versus the dollar on optimism the IMF deal will help
stabilize Cypriot banks and reduce public spending. Australia’s dollar advanced against all 16 of its major
counterparts after the nation posted a smaller-than-estimated trade deficit. The yen weakened amid
speculation the Bank of Japan (8301) will boost monetary stimulus when it ends a two-day meeting
tomorrow.

The euro gained 0.1 percent to 119.85 yen at 7:09 a.m. in New York after dropping to 119.15 yesterday, the lowest level since Feb. 26. The common currency was little changed at $1.2820 after weakening as much as 0.2 percent. The yen declined 0.1 percent to 93.51 per dollar.

IMF Managing Director Christine Lagarde announced the staff-level agreement with Cyprus today on the 10
billion-euro program agreed on March 25. The deal calls for Cyprus to restructure its two largest banks,
reduce budget deficits and adjust its wage and pension systems.

The euro has weakened 1.9 percent in the past month, the worst performer among the 10 developednation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar dropped 0.2 percent and
the yen was little changed.The ECB’s Governing Council meets tomorrow to decide on interest rates. Of 56 economists surveyed by Bloomberg News, 54 expect the central bank to keep its main refinancing rate at a record-low 0.75 percent, while two predict a cut.

yesterday call update

MCX RUN 875 TO 950 IN INTRADAY  YESTERDAY PER SHARE 75 RS.

NATURAL GAS MADE LOW BELOW 1ST TGT 217.20 TO 214.70 --->1 LOT PROFIT 2750

CURRENCY AND MCX ALL CALL WAS 1ST TGT DONE AS USUAL FOR LIVE CALL ADD ON GTALK ---SURAJSINGHOM123@GMAIL.COM