Thursday, March 26, 2009
सेन्सेक्स (10003.10) 335.20 अंक चढ्कर, नीफ़्टी (3082.25) 97.90 अंक चढ्कर, बंद..
High Risk Traders : Short SBI March 1080 Call option at Rs15-14 with SL of Rs23 for a target of Rs30
Inflation for the week ended March 14 was at 0.27%
Delivery Call : Buy and hold Aban Offshore at Rs340-344 with SL of Rs326 for target of Rs370,377 in 2-3 days
Pre Market Commentary ...
Today, the bulls may look forward to inflating their gains for now as the market is set to continue its recent ascent. We expect another positive start and a firm close, unless global cues give way. Some short-covering is likely on account of F&O expiry. Traded volumes too have picked up this week, which is a healthy sign. Still, one has to stay rooted to the ground, as the market could face a few bumps in the coming month.
There are some signs of recovery in economic activity. Inflation is all set to move into sub-zero territory, though partly it is a statistical magic. Consumer inflation is still pretty high at around 7-8%. For a day you can stop thinking and ride the upmove with stop losses to protect your downside.
A few good economic reports in the US have added fizz to the recent rally across global markets. Wall Street and world markets have also welcomed the latest bank bailout plan by the Obama regime. Add to that encouraging commentary from top global banks, and you have a pretty good platform for the bulls to exploit. But be careful as the bottoming process is going to take time.
Gail
Shares of Gail India advanced by over 3.5% to Rs234 after the company announced that it signed an agreement with Ministry of Petroleum. The company has announced that it has set a target to transport 94.8mn cubic meters per day of gas in the year starting April.
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DLF
Shares of DLF gained by 6% to Rs176 after reports stated that the company plans to book ~Rs20bn revenue from sale of 4.5mn sq ft of commercial space to the group company, DAL. The scrip touched an intra-day high of Rs178 and a low of Rs164 and recorded volumes of over 6.6mn shares on BSE.
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Positive & Nagative Breakouts
Sintex Ind
NMDC
Tata Tele
Asian Paints
Alstom Projects
Negative Breakouts
BF Utilities
EIH
IRB Infra
Dish TV
Divis Labs
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Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy Ster
NIFTY (2984) SUP 2935 RES 3025
FIIs were net buyers in the cash segment on Wednesday at Rs3.48bn
Wednesday, March 25, 2009
सेन्सेक्स (9667.90) 196.86 अंक चढ्कर, नीफ़्टी (2984.35) 45.65 अंक चढ्कर, बंद..
SBI - RIL ; Our morning call Sl triggred
UNITECH ; Our morning call target achived
European markets update: FTSE Index up 0.1%, DAX Index flat and CAC INdex up 0.3%
Nifty trading ranges as per CHARTS!!
Intraday below 2929 level,
It will be in Bearish trend.
Selling is suggested
with SL of 2937 level
for the target of
2909 to 2890 levels
Regarding POSITIVE TREND,
Buying is suggested AT
level of 2937 with
SL of 2929,
Target AT
2961 to 2973 levels
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Pre Market Commentary ...
Like the Sensex, the Nifty too will switch to a free float market capitalisation methodology. Investors may start making adjustments to their portfolios before the new formula comes into effect from June 26 ’09.After a great start on Monday, weakness did set in after all on Tuesday. The bulls expectedly failed to sustain the buying momentum. Key indices tumbled from a day's high even as Asian markets closed mostly higher.
To sum up the recent gains, FIIs have been buying, global markets have staged a smart comeback, No major bad news has hit Wall Street and currency fluctuations have ebbed to an extent. Looking at the offloading towards the end, the slide may continue further. There could be wild swings for sure ahead of F&O expiry also the political uncertainty would continue to take its toll over the market sentiment.
Crompton Greaves
Crompton Greaves erased gains and slipped sharply by 9% to Rs122. The stock had surged after the board of directors approved Buy-back of fully paid Equity Shares of Rs2/- each, from the open market through the Stock Exchanges, at a price not exceeding Rs170/- per share, upto an amount of Rs2241.52mn being 25% of the total Paid-Up Capital plus Free Reserves as per the audited Balance Sheet of the Company for the year ended March 31, 2008.
Bajaj Hindusthan
Shares of Bajaj Hindusthan gained by a percent to Rs45.1 after the company announced that the board of directors would meet on April 01, 2009, to consider, issue of equity shares / convertible securities / warrants to the promoters on preferential allotment basis.
Reliance Industries
Reliance Industries shares gained by 1% to Rs1451. According to reports, the company has raised the marketing margin it will charge on selling natural gas from eastern offshore KG-D6 fields to US$0.15 per mmbtu from US$0.12 per mmBtu earlier. The scrip touched an intra-day high of Rs1472 and a low of Rs1442 and recorded volumes of over 1.9mn shares on BSE.
Positive & NAgative Breakouts
Bank of India
HUL
Tech Mahindra
IDBI Bank
Colgate-Palmoliv
Negative Breakouts
Crompton Greaves
Jain Irrigation
IRB Infra
India Cements
NIFTY(2938) SUP 2890 RES 2980
Tuesday, March 24, 2009
सेन्सेक्स (9471.04) 47.02 अंक चढ्कर, नीफ़्टी (2938.70) -1.20 अंक गिरकर, बंद..
European markets update: FTSE Index up 0.9%, CAC Index up 1.3% and DAX Index up 1.1%
Pri Market Commentary ...
Today, the bulls would look to carry on the momentum, however, there could be wild swings ahead of F&O expiry. Also, some resistance is likely at higher levels as investors could turn cautious ahead of an eventful April. We will have to contend with earnings, elections and RBI policy next month.
After an arduous six-year drive, the Tata Nano has finally found some stability and will hopefully roll on smoothly. Ratan Tata’s engineering marvel could potentially turn out to be a game-changing product. However, some teething troubles are a given. Whether it is a boon or a bane for Tata Motors only time will tell.
The bulls too are driving ahead as markets globally seem to be on overdrive. The latest catalyst powering the global rally is the US government’s plan to buy banks’ soured assets and get credit flowing again. The news was out early on Monday morning, sending stocks in Asia and Europe sharply higher. The Wall Street followed the global trend with the key indices there up 6-7%.
The fact that the US news was already discounted yesterday leaves limited scope for the Indian market to react to the Wall Street rally. Still, we will see the key indices building on the recent momentum. Banking shares are likely to be among the leading gainers.
Remember, except for the current half-hearted sentiment, things haven’t changed dramatically. The upside appears limited. Check your fuel before planning a long drive.
NIFTY (2939) SUP 2890 RES 2980
Indian market ended with stellar gains on Monday with huge turnover. Exchanges recorded its highest turnover ~72,000cr since September 2008. After a bright start, key indices gained momentum as the day progressed.
Unabated buying in the banking, oil & gas and metals stocks lifted the BSE Sensex and the NSE Nifty t close above the 9,400 and 2900 levels respectively.
Finally, the BSE Sensex surged 457 points to close at 9,424 and the NSE Nifty surged 132 at 2,939.
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy Rel Cap
Buy Rcom
Tata Motors
Shares of Tata Motors surged over 3% to Rs166 after hitting an intra-day high of Rs173 and a low of Rs164 and recorded volumes of over 2.7mn shares on BSE.
Positive & Nagative Breakouts
Andhra Bank
Maruti Suzuki
Dish TV
NTPC
Bharat Forge
Negative Breakouts
Indian Oil
IRB Infra
Satyam Computer
Amtek Auto
Power Finance
FIIs were net buyers in the cash segment on Monday at Rs3.76bn
Monday, March 23, 2009
सेन्सेक्स (9424.02) 457.34 अंक चढ्कर, नीफ़्टी (2939.90) 132.85 अंक चढ्कर, बंद..
Our target completed in Reliance Infra
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Our SL triggered in Nifty March Futs
European markets update: FTSE Index up 1.4%, CAC Index up 1.3% and DAX Index up 1.9%
Sell Nifty Mar Fut at Rs 2893 SL 2920 Tgt 2860,2845.Intraday Only.
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Sell Nifty Mar Fut at Rs 2893 SL 2920 Tgt 2860,2845.Intraday Only.
Trail SL in Reliance Infra to Rs500 -trade safe
Our RELIANCE is trading strong at 1381++, we are long from 1177, get such bull run JOIN US!!
ALL SHORT
TERM - FO - INTRADAY
TARGET ACHIVED
BOOK PROFIT
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- " no jai no viru - only dhiru " -
Buy & hold Reliance Infra between Rs498-502 with SL of Rs489 for target of Rs522, 525
Nifty levels as per charts ...
Intraday below 2817 level,
it will be in Bearish trend.
Selling is suggested
with SL of 2837 level
for the target of 2788 to 2770 levels;
Regarding POSITIVE TREND,
Buying is suggested at level of 2837
with SL of 2817,
Target at 2861 to 2873 levels.
Pre Market Commentary ...
Today, as we look set for a bright start. Indices may be in green but make sure your investments too are safe. Asian indices are mostly higher. Obama regime is expected to announce a plan to buy banks’ soured assets. Nifty futures in Singapore and Dow futures are smartly up. But, there could be wild swings for sure ahead of F&O expiry. Also, some resistance is likely at higher levels as investors could turn cautious ahead of an eventful April. We will have to contend with earnings, elections and RBI policy next month.
On the political front, the heat is definitely on. The two main parties (Congress and BJP) so far have been the worst hit. While an internal row is taking toll on BJP, the Congress is facing a revolt of sorts from long-time allies like RJD. Even its alliance with in Uttar Pradesh (SP) and Maharashtra (NCP) are pretty fragile. Post the vote counting, the equations could swing either way. It is this uncertainty and unpredictability of polls that could potentially prove to be a spoilsport for the bulls.
Pre Market Ideas !!
Pre Market Intraday Ideas !!
Buy Reliance
NIFTY (2807) SUP 2775 RES 2860
Positive & Negative Breakouts
Bajaj Finserv
Bajaj Hindusthan
Ambuja Cements
Shree Renuka Sug
Asian Paints
Negative Breakouts
Bharat Elect
Allahabad Bank
L&T
Bharti Airtel
Shriram Trans
FIIs were net buyers in the cash segment on Friday at Rs1.49bn
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
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