Thursday, April 21, 2011
NIFTY FO CLOSED @ 5874 AS ON 20.04.2011
NIFTY FO has resistance @ 5888 to 5897 above which other resistance levels are @ 5903 to 5917. In down side support levels are @ 5858 - 5830 levels; below which other support levels are @ 5817 - 5808 levels in APRIL - 2011. I am positive for next week above 5917 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Wednesday, April 20, 2011
Morning Call : BGR ENERGY target achieved at 578 book profit
BOOK PROFIT
BANG ON TARGET
our call today was ........................
"MORNING CALL
BUY and HOLD
BGRENERGY at 562
sl 556
TARGET 567,571,575"
-----------------------------------------------
BANG ON TARGET
our call today was ........................
"MORNING CALL
BUY and HOLD
BGRENERGY at 562
sl 556
TARGET 567,571,575"
-----------------------------------------------
BOOK PROFIT
BANG ON TARGET
Market Commentary ..
The movement of the market may not make much sense. If you had gone to sleep worrying about the headwinds in store, this morning comes with an air of hope. Trading screens may see a lot more green today thanks largely to a smart recovery in offshore markets.
Today, we expect an upbeat start on the back of gains across global equity markets. Forecast of normal monsoon could rain in gains and strong export growth will add to the cheer. Corporate earnings are occupying a lot of mind space these days and will continue to do so in the coming days. HCL Tech and Yes Bank are the big numbers to watch out for today.
The Nifty managed to outperform its global counterparts and is still above the crucial 200-DMA level. It appears to have turned range bound and choppy. It may oscillate between 5700 and 5900 in the near term. However, the current trading pattern may change if the Nifty breaches this range.
Market breadth hasn’t been great of late, but stock specific action will prevail.
INTRADAY MARKET
Nifty & Sensex Levels
| Nifty / Sensex | F & O Close Rate | R-1 | R-2 | S1 | S2 |
| NIFTY | 5760 | 5792 | 5848 | 5724 | 5691 |
| SENSEX | 19121 | 19210 | 19385 | 19014 | 18920 |
Buy Call
Buy Call
| Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
| RPOWER | 128.85 | 131.5 | 133.25 | 127 |
| BPCL | 607.95 | 616 | 629 | 600 |
| HDFC | 694.95 | 702 | 719 | 685 |
| GAIL | 472.75 | 476 | 481 | 469 |
| BAJAJ AUTO | 1455.25 | 1478 | 1502 | 1435 |
| HDFCBANK | 2353.85 | 2374 | 2392 | 2340 |
NIFTY FO CLOSED @ 5760 AS ON 19.04.2011
NIFTY FO has resistance @ 5788 � 5797 above which other resistance levels are @ 5808 - 5817. In down side support levels are @ 5733 - 5713 levels; below which other support levels are @ 5709 - 5703 levels in APRIL - 2011. I am positive for next week above 5808 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Corporate Snippets
± Reliance Industries had two natural gas discoveries in NEC-25 block rejected because tests to establish reserves differed from methods recommended by the regulator. (BS)
± L&T has sought shareholders approval to transfer its electrical and automation business to a subsidiary or associate company or to any other entity as a going concern. (BL)
± BHEL in a consortium with Alstom has bagged a Rs16bn contract for supplying steam turbine generators for the Kakrapar nuclear power expansion project in Gujarat. (BL)
± Infosys will recruit 4,000 engineers, 1,000 each in the next four quarters in 2011-12, for its Special Economic Zone (SEZ) in Hyderabad. (BL)
± SBI has increased its base rate by 25bps to 8.5% from April 25. (BS)
± Reliance Infrastructure, which has bagged the Rs51bn Worli-Haji Ali sea link project, is currently in talks with ICICI Bank for Rs20bn loan comprising US$250mn of ECB and the balance rupee loan. The interest rate for the proposed loan would be 10%. (BS)
± M&M has launched India's first 15 HP tractor, the Yuvraj 215. (BS)
Tuesday, April 19, 2011
INTRADAY MARKET
Nifty & Sensex Levels
| Nifty / Sensex | F & O Close Rate | R-1 | R-2 | S1 | S2 |
| NIFTY | 5729.10 | 5805 | 5848 | 5700 | 5680 |
| SENSEX | 19091 | 19285 | 19400 | 19005 | 18940 |
Buy Call
Buy Call
Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
SBI | 2751.55 | 2780 | 2814 | 2722 |
RELIANCE | 1009 | 1035 | 1055 | 995 |
INFOSYSTCH | 2906 | 2945 | 2985 | 2875 |
TATA STEEL | 612.10 | 619 | 628 | 604 |
HERO HONDA | 1863.85 | 1850 | 1902 | 1837 |
NIFTY FO CLOSED @ 5737 AS ON 18.04.2011
NIFTY FO has resistance @ 5747 to 5760 above which other resistance levels are @ 5777 to 5790. In down side support levels are @ 5709 to 5690 levels; below which other support levels are @ 5681 - 5670 levels in APRIL - 2011. I am positive for next week above 5790 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Monday, April 18, 2011
INTRADAY MARKET
Nifty & Sensex Levels
| Nifty / Sensex | F & O Close Rate | R-1 | R-2 | S1 | S2 |
| NIFTY | 5834 | 5909 | 6029 | 5780 | 5740 |
| SENSEX | 19386 | 19611 | 19950 | 19266 | 19140 |
Buy Call
Buy Call
| Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
| HINDALCO | 210.85 | 214 | 222 | 204 |
| RELIANCE IND. | 1022.75 | 1045 | 1070 | 1002 |
| HEROHONDA | 1749.80 | 1780 | 1810 | 1724 |
| GRASIM | 2531.90 | 2568 | 2592 | 2503 |
| BHARTI AIRTEL | 373.30 | 382 | 395 | 360 |
NIFTY FO CLOSED @ 5825 AS ON 15.04.2011
NIFTY FO has resistance @ 5847 � 5858 above which other resistance levels are @ 5877 - 5890. In down side support levels are @ 5803 - 5790 levels; below which other support levels are @ 5781 - 5770 levels in APRIL - 2011. I am positive for next week above 5890 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
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