Friday, March 20, 2009
सेन्सेक्स (8966.68) -35.07 अंक गिरकर, नीफ़्टी (2807.05) -0.10 अंक गिरकर, बंद..
European markets update: FTSE Index down 0.4%, CAC Index down 1.1% and DAX Index down 0.3%
Our mornimg call ONGC target completed at RS 739.90
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Sell NIFTY MAR FUT at Rs 2785 SL 2805 Tgt 2765/2745. Intraday Only.
Nifty levels as per CHARTS!!
Intraday below 2808 level,
it will be in Bearish trend.
Selling is suggested
with SL of 2817 level
for the target of
2777 to 2757 levels;
Regarding POSITIVE TREND,
Buying is suggested at level
of 2817 with SL of 2808,
Target at 2830 to 2847 levels
US light crude oil for April delivery settled up $3.47 to $51.61 a barrel.
Pri Market Commentary ..
Today, in Indian markets the bulls have had the pleasure of magic moments with red turning to green for quite a few days on their screens. Inflation is heading towards sub-zero levels. The truth is that this is just a statistical illusion. At the retail level (except for stocks), prices remain quite high. But that does not rule out the chances for further monetary easing.
The major indices may see some cooling today, especially at start. Global cues are nothing to write home about for bulls or bears. An improvement globally can bring the Indian indices back into green
With key indices managing to end above the crucial levels on Thursday, bulls would look to extend gains, provided positive cues from the global equity markets. Avoid mid-caps and small-caps as the current rally may soon fizzle out.
FIIs were net buyers in the cash segment on Thursday at Rs230mn
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy SBI
NIFTY (2807) SUP 2765 RES 2865
HDFC
Shares of HDFC surged by 5% to Rs1271 after 1.12mn equity shares changed hands
in two trades. The scrip touched an intra-day high of Rs1275 and a low of Rs1200 and recorded volumes of over 1.9mn shares on BSE.
ONGC
Shares of ONGC declined by over 3.5% to Rs690 after reports stated that the company shut a platform in the Bombay High offshore field reducing gas output by 40%. The scrip touched an intra-day high of Rs720 and a low of Rs621 and recorded volumes of over 3.2mn on BSE.
Positive & Nagative Breakouts
Colgate-Palmoliv
Glenmark Pharma
National Alumin
NTPC
JSPL
Dr Reddy'S Labs
Essar Oil
ACC
Tech Mahindra
MTNL
Thursday, March 19, 2009
सेन्सेक्स (9001.75) 25.07 अंक चढ्कर, नीफ़्टी (2807.15) 12.45 अंक चढ्कर, बंद..
Our target completed in Grasim March Futs at Rs 1440
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European markets update: FTSE Index up 0.8%, CAC Index up 1.1% and DAX Index up 0.9%
High risk traders short PNB between Rs333-330 with SL of Rs339 for target of Rs320, 317
Our first target completed in Mcdowell Futs at Rs 665
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Inflation rate for the week ended March 7 was at 0.44%
Sell Grasim March Fut at Rs 1471 with SL of Rs1485 for target of Rs1440
Sell Hero Honda March Fut at Rs 992 with SL of Rs1008 for target of Rs970, 967
Delivery Call : Buy and Hold 3I infotech at Rs 30-31 SL of Rs28 with a target of Rs36,38.Hold for 30 Days.
Sell Mc-Dowell March Futs between Rs682-680 with SL of Rs693 for target of Rs665,660
Buy ABB March Futs at Rs372 with SL of Rs365 for target of Rs386
Again today RELIANCE looking very strong on CHARTS, buy for intraday...
Nifty levels as per charts ...
Intraday below 2788 level,
will be in Bearish trend.
Selling is suggested
with SL of 2793 level
for the target of
2737 to 2710 levels;
Regarding POSITIVE TREND,
Buying is suggested
at level of 2793
with SL of 2788,
Target of 2808 to 2828 levels
Pre Market Commentary ...
Today, the Indian indices may continue their northward movement due to overnight gains in the US market. The market is likely to open flat to slightly positive. Things may turn choppy and rangebound later in the day. Avoid mid-caps and small-caps as the current rally may soon fizzle out.
As expected, the Fed has announced plans to buy up to $300bn in government securities. It will also expand its balance sheet by purchasing up to an additional $750bn of mortgage-backed securities. The key rates have been left unchanged at near zero. However, not all is hunky-dory. The UK’s unemployment has shot up to 2mn mark while the World Bank has cut China’s GDP forecast to 6.5%.
It may just be a happy coincidence to see markets positive as inflation flirts with the sub-1% mark. That prices of even street snacks are rising is a reality we have to live with in a depressing economy. The inflation figure which will come in around noon is already discounted, and may not have a major bearing on sentiment for long.
NTPC
Shares of NTPC gained by a percent to Rs175 following reports that the company has given technical approval for the establishment of coal-based thermal power plant at Kudagi in Bijapur district. The scrip touched an intra-day high of Rs176 and a low of Rs173 and recorded volumes of over 0.9mn shares on BSE.
Positive & Nagative Breakouts
NDTV
Jsw Steel
Chennai Petro
Great Offshore
Bank of Baroda
Negative Breakouts
Ambuja Cements
Bharti Airtel
CESC
Bank of India
Ranbaxy Labs
NIFTY (2794) SUP 2755 RES 2834
Bulls may look to carry the momentum at least in the early trades provided the support of global. However, the current rebound in global equities is due to technical factors. So, selling pressure cannot be ruled out.
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy Rel Capital
Wednesday, March 18, 2009
सेन्सेक्स (8976.68) 112.86 अंक चढ्कर, नीफ़्टी (2794.70) 37.25 अंक चढ्कर, बंद..
first target complited, in our SELL NIFTY, intraday...
first target completed
Short ITC March Futs at Rs 171 with SL of Rs175.5 for target of Rs162.5
Sell Nifty Mar Fut at Rs 2807 SL 2837 Tgt 2777,2757.
European markets update: FTSE Index up 0.7%, DAX Index up 1.6% and CAC index up 1.3%
Buy & hold Cairn between Rs177-178 with SL of Rs172.5 for target of Rs185, 188
We Reiterate buy on HDFC Bank between Rs851-855 with SL of Rs840 for target of Rs872, 875
High risk traders Short March Everonn at Rs153-151 with strict SL of Rs158 for a target of Rs140-138
We reiterate Long Lic Housing Fin March Fut at Rs207-208 with SL of Rs198 for target of Rs220
Buy & hold Kotak Bank between Rs255-258 with SL of Rs249 for target of Rs268, 271
Pri Market Commentary ...
Thankfully, there has not been too many bad news during this period. On the contrary, there have been a few bright spots like positive comments from top global banks. However, there are genuine fears that stocks could re-test lows hit in Oct ’08.
Pre market Ideas !!
NIFTY (2757) SUP 2710 RES 2805
Pre Market Intraday Ideas !!
Positive & Nagative Breakouts
Hindustan Const
Hero Honda
Punj Lloyd
BHEL
PNB
Negative Breakouts
Glaxosmithkline
Bank of Baroda
NTPC
Unitech
Sun Pharma
FIIs were net buyers in the cash segment on Tuesday at Rs4.15bn
Tuesday, March 17, 2009
सेन्सेक्स (8863.82) -79.72 अंक गिरकर, नीफ़्टी (2757.45) -19.80 अंक गिरकर, बंद..
European markets update: CAC Index down 1.2%, FTSE Index down 0.8% and DAX Index down 0.9%
DLF
Shares of DLF gained by 6% to Rs162 after DLF Metro said it would approach India Infrastructure Finance Company to seek lower cost funds for the Rs7.4bn project of uilding 6.1km of metro rail tracks in Haryana. The scrip touched an intra-day high of s163 and a low of Rs152 and recorded volumes of over 4.9mn shares on BSE.
Positive & Nagative Breakouts
Petronet LNG
Tata Steel
Jindal Saw
Infosys Tech
NIIT
Negative Breakouts
Max India
Bosch Ltd
Idea Cellular
Unitech
ITC
Sell Cipla March Futs at Rs 202.30 with SL of Rs206.5 for target of Rs193
Nifty Intraday trand as per CHARTS!
Intraday below 2788 level,
it will be in Bearish trend. Selling is suggested
with SL of 2793 level
for the target of 2730 to 2707 levels;
POSITIVE TREND, Buying is suggested
at level of 2793
with SL of 2788,
Target at 2808 to 2828 levels
Buy Patel Eng March Fut at Rs108 with SL of Rs102 for target of Rs117 and plus
Buy Yes Bank March Fut at Rs44.40 with SL of Rs43 for target of Rs46.50
India’s oil output may grow by 4.8% in FY10, as per CMIE (BS)
SAIL yet to re-negotiate coking coal prices with suppliers (BS)
Today,much will depend on the newsflow and advanced tax number may be discussed extensively for lack of other news. Any fresh bad news may mar the tempo. Fed policymakers are holding a two-day meeting starting today. With interest rates already low, investors are expecting Fed officials to shed light on the potential for quantitative easing. The next big event will be the quarterly earnings. It will throw up both positive as well as negative surprises. Till then investors may remain cautious.
The benchmark Sensex and the Nifty are inching closer to the 9k and the 2,800 levels respectively. Except inflation figures on Thursday there are no other major announcements in the week. However, investors will await the outcome of Federal Reserves two-day policy meeting starting Tuesday. No rate cut is expected but the tone of the Fed will be watched very closely.
Kalpesh Patel, FPA NorthPOLE INDIA
Pre Market Ideas !!
Buy Divis Lab at Rs 886 SL 874 Tgt 894.90
Pre Market Intraday Ideas !!
Buy Tata Power
Buy Rel Capital
NIFTY (2777) SUP 2725 RES 2815
Monday, March 16, 2009
सेन्सेक्स (8943.54) 186.93 अंक चढ्कर, नीफ़्टी (2777.25) 58.00 अंक चढ्कर, बंद..
European markets update: FTSE Index up 1.3%, CAC Index up 2.4% and DAX Index up 2.1%
Buy & hold HDFC Bank between Rs846-849 with SL of Rs834 for target of Rs870, 873
Buy & hold Century Textile between Rs195-196 with SL of Rs187 for target of Rs209, 212
SBI pays Q4 Advance Tax of Rs1810cr Vs Rs1148cr (YoY)
Tata Steel pays Q4 Advance Tax of Rs230cr Vs Rs300cr (YoY)
Sell ICICI BANK Mar Fut at Rs 309 SL 317 Tgt of Rs 298,294.Intraday Only.
Our first target completed in Everonn
REL INFRA -NEGATIVE TREND on CHARTS
NEGATIVE TREND BELOW Rs. 477
With SL AT Rs 481 for the target of
Rs. 454 to 451
Pre Market Ideas !!
NIFTY (2719) SUP 2675 RES 2764
Asian stocks are up led by financial companies and automakers. With lack of triggers, positive or negative, the main indices will be at the mercy of global cues especially from the US. This week, investors will await the outcome of Federal Reserve’s two-day policy meeting starting Tuesday. No rate cut is expected but the tone of the Fed will be watched very closely.
Pre Market Intraday Ideas !!
Buy HDFC Bank
Satyam winner may be barred from selling assets for three years.
Reliance
Shares of Reliance Industries further gained by 6% to Rs1232 as the company is reportedly said to start producing gas from its field off India’s east coast by mid-April.
Tata Steel
Shares of Tata Steel gained by 7% to Rs166. According to reports, the company has held informal talks with bankers on restructuring debt at the Corus Group Ltd.
Nifty trading range ...
Intraday below 2737 level,
It will be in Bearish trend.
Selling is suggested with
SL of 2741 level
for the target of
2707 to 2690 levels;
Regarding POSITIVE TREND,
Buying is suggested at level of
2741 with
SL of 2737,
Target at
2757 to 2761 levels
Positive & Nagative Breakouts
GAIL India
Container Corp
GE Shipping
Power Grid Corp
Andhra Bank
Negative Breakouts
Canara Bank
ITC
Idea Cellular
EIH
Bharat Elect
Pre Market Commentary ..
Some cooling is sure to set in after a dream week for the bulls when the Top 10 Indian companies added nearly Rs200bn in market cap. There were always doubts regarding the revival in sentiment. The Indian economy remains in a rough patch. The silver lining of a sharp fall in inflation has already been factored in.
The headwinds remain in place and it won’t take long for the mood to change from good to bad and then from bad to worse. How we wish we are wrong! Hate to sound so pessimistic at the end of a short and sweet happy week. But then we need to remind you, short spurts coinciding with some positive news keeps happening in a bear market.
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