Saturday, March 14, 2009
Friday, March 13, 2009
सेन्सेक्स (8756.61) 412.86 अंक चढ्कर, नीफ़्टी (2719.25) 101.80 अंक चढ्कर, बंद..
Long 2700 March Nifty Put @ Rs63 or less with SL of Rs50 for target of Rs80-85
Sell Nifty Mar Fut at Rs 2694 SL 2725 Tgt 2674,2654. Intraday Only.
Our first target completed in Tata Power at Rs 648
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Long Aurobindo Pharma March Fut at Rs162 with SL of Rs156 for target of Rs173
High risk traders buy & hold IB Real Estate at Rs90.50 with a SL of Rs87.5 for target of Rs98-100
High risk traders buy & hold Tata Power between Rs624-626 with SL of Rs612 for target of Rs648, 655
Stocks in the US, Europe and elsewhere in the world rallied for a third consecutive day on Thursday.
POSITIVE TREND for TCS
TCS LTD FO CLOSED at RS. 471
POSITIVE TREND at Rs. 461
With SL @ Rs 457
for the target of Rs. 479 to 483 levels
POSITIVE TREND for HERO HONDA
HERO HONDA FO CLOSED at RS. 959
POSITIVE TREND at Rs. 951
With SL at Rs 943
for the target of Rs. 977 to 981 levels.
POSITIVE TREND for HDFC
HDFC FO CLOSED at RS. 1280
POSITIVE TREND at Rs. 1273
With SL at Rs 1261
for the target of Rs. 1307 to 1310 levels
Nifty levels as per charts ..
Intraday below 2597 level,
It will be in Bearish trend.
Selling is suggested
with SL of 2607 level
for the target of 2573 to 2525 levels;
Regarding POSITIVE TREND,
Buying is suggested at level of 2607
with SL of 2597,
Target at 2630 to 2637 levels
Pre Market Commetary ...
Today, it looks like Friday the 13th may be unlucky for the bears with the short-term spurt set to continue for some time. Stocks in the US, Europe and elsewhere in the world rallied for a third consecutive day on Thursday. Asian markets are also back in the green. Nifty Futures contract trading in Singapore is up smartly as well. As a result, Indian stocks are bound to see another gap-up opening. If all goes well, we could end the week on a high.
Be warned that this could change suddenly as some cooling is not ruled out. Traders remain jittery about the precarious global situation and sluggish local economy.
Do not read too much into the short-term rebound as world equity indices were anyways pretty oversold. A technical bounce was always on the cards. The big question is whether this trend can sustain for long? The answer is sadly negative. For, earnings will continue to be subdued, even as inflation softens and interest rates head south. Also, the deteriorating fiscal situation will continue to hurt private financing besides worsening sentiment in financial markets.
Such short-term spurts shouldn’t lead one to believe that we are out of the woods. We remain in a bear market, and such rallies are only to be expected. A sustained recovery could be recovery unless stability in western financial system returns.
FIIs were net sellers in the cash segment on Thursday at Rs1.87bn
Wipro
Shares of Wipro gained by 3% to Rs212 after the company’s subsidiary Infocrossing Wipro Technologies’ entered into a five-year contract to provide IT and infrastructure services delivery for CSG Systems International. The scrip touched an intra-day high of Rs215 and a low of Rs208 and recorded volumes of over 0.2mn shares on BSE.
Pre Market Ideas !!
Pre Market Intraday Ideas !!
RCom
Shares of RCom surged by over 4% to Rs138 following reportsthat the company has placed Rs3bn order with two Chinese equipment vendors, Huawei Technologies and ZTE Corporation, for around 1mn plug-n-play USB modems.The scrip touched an intra-day high of Rs140 and a low of Rs131 and recorded volumes of over 3.1mn shares on BSE.
Positive & Nagative Breakouts
Hero Honda
Container Corp
Amtek Auto
Maruti Suzuki
United Spirits
Negative Breakouts
Indian Hotels
Videocon Ind
Jai Corp
Tata Steel
United Phosphoru
Thursday, March 12, 2009
सेन्सेक्स (8343.75) 183.35 अंक चढ्कर, नीफ़्टी (2617.45) 44.30 अंक चढ्कर, बंद..
European markets update: DAX Index down 0.6% and CAC Index down 1.7%
Short HDFC Bank March Futs between Rs797-793 with SL of Rs805 for target of Rs780, 775
Sell Reliance Capital March Futs between Rs283-280 with SL of Rs290 for target of Rs267, 265
Sell Essar Oil March Fut at Rs 62.70 with SL of Rs64 for target of Rs58.5
Nagarjuna Constructions wins 3 orders worth Rs263cr
BHEL
Shares of BHEL slipped by 1% to Rs1300. The company announced that it won a major contract for the manufacture and supply of generator transformers against stiff competition from European MNCs and Indian companies.
Satyam
Shares of Satyam Computer rallied by over 15% to Rs48.7 after the company announced that it invited bidders interested in buying a majority stake. The scrip touched an intra-day high of Rs50 and a low of Rs34 and recorded volumes of over 3.5mn shares on BSE.
Positive & Nagative Breakouts
Bhushan Steel
Divis Labs
Ultratech Cement
Hero Honda
Negative Breakouts
ACC
Dr Reddy'S Labs
Cummins India
Essar Oil
Sun Pharma
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy Icicic Bank
NIFTY (2573) SUP 2524 RES 2615
Pri Market Commentary ...
Meanwhile, inflation is expected to fall sharply from 3.03% to around 2.3%. While that may be good news on one hand, it also points to a worsening macro-economic situation. Guard your wicket as coming on the front foot could often get you stumped.
A short-term spurt shouldn’t lead one to believe that we are out of the woods. We remain in a bear market, and such rallies are only to be expected. A sustained recovery will not take place in the absence of stability in western financial system.
Monday, March 9, 2009
सेन्सेक्स (8160.40) -165.42 अंक गिरकर, नीफ़्टी (2573.15) -47.00 अंक गिरकर, बंद..
Short LITL March Fut at Rs 110 with SL of Rs115 for target of Rs100
European markets update: FTSE and DAX Index trading flat and CAC Index down 0.3%
High risk traders short Siemens between Rs194-192 with SL of Rs200 for target of Rs183, 180
Our Morning call Jindal Steel target achieved at Rs 1018
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Sell TCS March Futs between 471-469 with SL of Rs477 for target of Rs460, 456
High risk traders buy & hold L&T between Rs577-580 with SL of Rs564 for target of Rs595, 600
Pri Market Commentary
Today, all Asian benchmarks are mostly down this morning. European indices too ended lower on Friday amid nagging worries over the deteriorating health of the banks. Moreover, local traders and investors would prefer to stay light ahead of holidays on Tuesday and Wednesday.
Overall, we continue to advise caution, as the key indices closing in on October’s intra-day lows. The CNX Mid-Cap actually made new bear market lows last week. The Sensex and the Nifty might follow suit shortly due to worsening global environment and growing worries over the domestic outlook.
Hitting glass ceilings are things of the past. Any door of opportunity just seems to swing back, knocking down bulls harder each time. Bulls may have hoped for less losses at start due to the surprising resistance on Wall Street despite another grim jobs report. However, the key indices are expected to come under renewed selling pressure sooner than later.
The way global markets swing will determine our market's movement in the three-day trading week.
Positive & Nagative Breakouts
Amtek Auto
Sterlite Ind
Sun Pharma
SAIL
Negative Breakouts
Divis Labs
Essar Oil
Reliance Power
Educomp Solution
Indian Oil
NIFTY (2620) SUP 2575 RES 2665
Pre Market Ideas !!
Pre Market Intraday Ideas !!
FIIs were net sellers in the cash segment on Friday at Rs2.75bn
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