The Indian stock market will be shut on
Thursday and Friday for
elections and Maharashtra Day,
respectively.

VOTE INDIA VOTE!! - don't be papu this time!!

JAI HIND!

सेन्सेक्स (11403.25) 401.50 अंक चढ्कर, नीफ़्टी (3473.95) 111.60 अंक चढ्कर, बंद..

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Intraday : Short Nifty only below 3418 SL 3434 Tgt 3384.

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Buy Bhel MAy Futs at Rs1636 with SL of Rs1615 for target of Rs1665

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Bharti Airtel approves stock split from Rs10 to Rs5

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200 DEMA

200 DEMA -----11132

Today ......Below 11056 will take to 10910---10862

Today :Break below 3332 will take to 3288-3274

Like we had mentioned two consecutive close above 3550 will take to 3701--3750.

Now ,watch :3343....Two close below this level will take to 3236----3201 level.

Hurdle @ 3386---3397

Crossover will take to 3430----3441

(Remember 3 Gaps.....)

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Pfizer

Shares of Pfizer gained by a percent to Rs721 as reports stated that the company has emerged as the frontrunner to acquire RFCL’s animal health unit, Vetnex, in a deal estimated ~Rs2.5bn. The scrip touched an intra-day high of Rs750 and a low of Rs711 and recorded volumes of over 16,000 shares on BSE.

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Wockhardt Pharma

Shares of Wockhardt Pharma declined by 7% to Rs89. According to reports, lenders have sought more clarity on the extent and nature of its huge foreign exchange losses before initiating any restructuring of the company’s outstanding credit. The scrip touched an intra-day high of Rs97 and a low of Rs88 and recorded volumes of over 0.14mn shares on BSE.

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Buy Reliance on dips hold for short term for good returns, get entry and exit..join us!!

Positive & NAgative Breakouts

Positive Breakouts

TCS
Indian Oil
Colgate-Palmoliv
Bharti Airtel
Glaxosmithkline

Negative Breakouts

Tata Comm
Jindal Saw
Tata Power
Sterlite Ind
Reliance Infra

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FIIs were net sellers in the cash segment on Tuesday at Rs2.56bn

FIIs were net sellers in the cash segment on Tuesday at Rs2.56bn (provisional) while the local institutions pulled out Rs2.02bn. In the F&O segment, the foreign funds were net sellers at Rs5.98bn. On Monday, FIIs pumped in Rs18.4bn in the cash segment.

NIFTY TREND

BELOW @ 3378 level, it will be in BEARISH TREND.
SELLING is suggested with SL of 3388 level
for the target @ 3330 to 3317 levels;

Regarding BULLISH TREND,
BUYING is suggested @ the level of 3388 with SL of 3378,
Target @ 3407 to 3417 levels.

Pre Market Commentary ...

Today,the key indices are likely to open a tad higher given the modest gains in some Asian markets and flat finish on Wall Street. There are many screens to watch these days from the trading screen to the elections and of course the latest on what few would understand- swine flu. Before the market takes a big break, we are in for a volatile session as traders weigh their moves in the F&O segment today. The uncertainty surrounding Lok Sabha elections and anxiety over the banks’ stress test results in the US may keep a lid on gains. Nagging concerns over the swine flu outbreak and its impact on the tentative global recovery will keep the bulls in check.

The Indian stock market will be shut on Thursday and Friday for elections and Maharashtra Day, respectively. Most players would prefer to stay nimble to mitigate potential risks from any untoward development over the long weekend. Some short-covering led advance if it happens is unlikely to go too far. Remain guarded as the relief rally may soon run out of gas, especially if there is no incremental good news.

Pre Market Ideas !!

Buy RPL
Buy Sesa Goa

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Pre Market Intraday Ideas !!

Buy Reliance
Buy M&M

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NIFTY (3362) SUP 3312 RES 3412

After a sharp correction, markets may turn volatile on account of F&O expiry. All the possible good news is already in the price. And, we are only talking about tentative signs of improvement. Traders and investors would turn cautious as the week is yet again truncated.

सेन्सेक्स (11001.75) -370.10 अंक गिरकर, नीफ़्टी (3362.35) -107.65 अंक गिरकर, बंद..

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European markets update: FTSE Index down 2%, CAC Index down 2.3% and DAX Index down 2.4%

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Intraday : Buy Nifty at Rs 3400 SL 3371 Tgt 3450.

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Sell HDFC April Futs at Rs1745-1742 with SL of Rs1770 for target of Rs1680,1660

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Intraday : Book profit in short Nifty at 3398.

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Inraday : Short Nifty at Rs 3423.50 SL 3433 Tgt 3385.

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Buy & Hold Punj Loyd between Rs120-123 with SL of Rs116 for target of Rs130, 133

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This week market holidays

30^th April, 2009 Thursday on account of Election Day

1^st May, 2009 Friday due to Maharashtra Day.

Derivatives Expiry Date: 29^th April, 2009 Wednesday

Pre Market Ideas !!

Buy Rel Cap
Buy BEML

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Pre Market Intraday Ideas !!

Buy ONGC
Buy Kotak Bank

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Pre Market Commentary ...

Today, we expect the market to remain cautious amid mixed global trends. Intra-day swings are a given in an expiry week. All the possible good news is already in the price. And, we are only talking about tentative signs of improvement. So, the upside from here looks limited. That doesn’t mean stocks will collapse, but some softening is imminent. Therefore, one needs to be little careful. The outcome of the Lok Sabha elections could be a trigger. Global markets could also throw up some negative surprises.

Despite all the big gains, the market environment remains ever so fragile. It took just one bad news about a possible flu epidemic to rock investors’ confidence worldwide. But, India managed to emerge largely unscathed from the global scare over the spread of swine flu. Still, there is no scope for any complacency. We’ve already had a sharp rally. In fact, the Indian market has outperformed major world indices. There hasn’t been any meaningful correction either.

Key Results Today:

AV Birla Nuvo, Alfa Laval,

Allied Digital, Avaya Global,

Aventis Pharma, Biocon,

Cadila, Central Bank, CRISIL,

Gillette India, GSK Pharma,

Hexaware, India Infoline,

IDFC, ING Vysya Bank,

Jubilant Organosys, Patni Computer,

P&G Health & Hygiene, Shree Cement,

Sterlite, Syndicate Bank, Tata Elxsi,

Thomas Cook, UB and Vijaya Bank.

FIIs were net buyers in the cash segment on Monday at Rs2.57bn

FIIs were net buyers in the cash segment on Monday at Rs2.57bn (provisional) while the local institutions were net buyers of Rs680.6mn. In the F&O segment, the foreign funds were net buyers at Rs8.04bn. On Friday, FIIs pumped in Rs5.13bn in the cash segment. Mutual Funds were net buyers at Rs2.04bn on the same day.

NIFTY (3470) SUP 3420 RES 3520

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Aban

Shares of Aban Offshore declined by 12% to Rs427 after the company posted a Q4 group loss of Rs930.4mn versus profit of Rs339.2mn. Group sales were at Rs7.7bn and EPS was at Rs12.16. The scrip touched an intra-day high of Rs504 and a low of Rs417 and recorded volumes of over 1.6mn shares on BSE.

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Shares of JP Associates advanced by 4.5% to Rs131 after the company announced that it expects FY10 revenue of Rs110bn and cement sales of 14mn metric tons versus 8.7mn metric tons in FY09.

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3i Infotech

Shares of 3i Infotech rallied by over 5% to Rs44 after the revenue for the quarter was Rs6.10bn, a growth of 73.4% from the corresponding quarter of the previous year

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Positive & Nagative Breakouts

Positive Breakouts

Dr Reddy'S Labs
Sterlite Ind
Tata Tea
Bank of India
BHEL

Negative Breakouts

Tata Steel
Biocon
Tata Comm
Essar Oil
Great Offshore

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Pre Makert Ideas ...

Buy KOTAK BANK at Rs. 390 with SL 387
targetof Rs. 407 to 413

Sell ICICI BANK at 432 with SL 444
target of Rs 417,407

Pri Market Intraday Ideas ..

Buy ONGC at Rs. 848 with SL 828

target of Rs. 878 to 888

Buy RELIANCE at Rs. 1770 with SL 1761

target of Rs. 1818 to 1830

FIIs were net buyers in the cash segment on Friday at Rs5.77bn (provisional) while the local institutions were net buyers of just Rs153.1mn. In the F&O segment, the foreign funds were net sellers at Rs494.5mn. On Thursday, FIIs poured in Rs3.11bn in the cash segment. Mutual Funds pumped in Rs4.6bn on the same day.

Major Results Today

Aban Offshore, Areva T&D, Bank of Baroda, Bosch, Castrol, Exide, Geometric, Indian Bank, Jaiprakash Associates, Mindtree, Noida Toll Bridge, OBC, Renuka Sugars, Shaw Wallace, Tech Mahindra, United Spirits and UB Holding.

BELOW @ 3481 level, It will be in BEARISH TREND.
SELLING is suggested with SL of
3488 level for the
target @ 3434 to 3407 levels;

Regarding BULLISH TREND,
BUYING is suggested @ the level
of 3488 with SL of 3481,
Target @ 3509 to 3535 levels

Pre Market Commentary

Today, there could be some easing as Asian stock benchmarks (barring Nikkei) are in the red. US stocks gained on Friday, spurred by better-than-expected results by Ford and encouraging data on new home sales. European shares too posted strong gains. The SGX Nifty in Singapore was last seen down a little less than 1%.

Patience always pays whether its markets or life. Those who were patient enough to endure last year’s crash have reaped a rich harvest in the past month and a half. There are many who have missed the relief rally and are keen to cash in on the upswing. But, they should be careful as the advance may not sustain for too long. So, lock in some gains and wait for better opportunities when there is a fresh correction.

However, a short squeeze is not ruled out ahead of Wednesday’s F&O expiry, which could take the key indices further up. The overall mood is likely to remain upbeat. Markets are shut on Thursday and Friday. Election fever remains high with three more rounds still to go.

Positive & Nagative Breakouts

Positive Breakouts

Tata Motors
DLF
ICICI Bank
Infosys Tech
Glaxosmithkline

Negative Breakouts

Chennai Petro
Punj Lloyd
Ranbaxy Labs
GSPL
GAIL India

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