US DOLLAR READ TO FIRE TARGET 81 CMP 75.77

this is the chart of US DOLLAR

on weekly chart watch the falling wedge
macd and rsi momentum indicator are showing
huge positive divergences

if u are short on us dollar then cover your all short
once close above 78 levels it will fire to 81 and there after weekly chart will show its power and another round of rise will start

GO LONG IN US DOLLAR AND SELL GOLD IS THE BEST STRATEGY !

WEEKLY REPORT CARD 7 DECEMBER TO 11 DECEMBER

FUNDAMENTAL STOCK PICK

ELGI EQUIPMENTS TARGET 110(1 YEAR)

100% debt-free company

Company’s compressor used in mining,transport,pharma,power

Oil and gas,railway,textiles,printing,ship-building,paper,electronics,

Telecom,medical,food,beverages,plastics.

Company sales its products in worlds fastest growing country like India,china,brazil apart from above it sales in Europe,north-america,latin –america,Africa,austrilia,middle east,south east asia,west asia.

MUTUAL FUND PICK

UTI TOP 100-AVOID

Fund has fail to deliver good returns to investors

WEEKLY MARKET OUTLOOK

Support at 5000-4900

Resistance at 5200-5250

Buy above 5230 stop loss 5170 target 5320

Sell below 5000 stop loss 5070 target 4910

TECHNICAL STOCK PICKS

Buy idea stop loss 51 targets 59-61

Buy essar oil stop loss 135 targets 155-162

Buy unitech stop loss 80 targets 96-102

Buy hexaware stop loss 89 targets 106-113

Buy financial techno stop loss 1335 target 1500-1565

ACTIVE STOCK OPTIONS

Ifci,unitech,suzlon,ispat,hindalco

KEY NEWS TO WATCH OUT

Iip data will be announced on 11 December for the month of October 2009