Wednesday, March 18, 2009
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.
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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