NIFTY FO CLOSED @ 5704 AS ON 28.03.2011

NIFTY FO has resistance @ 5719 - 5730; above which other resistance levels are @ 5747 to 5760. In down side support levels are @ 5673 to 5661 levels; below which other support levels are @ 5647 - 5630 levels in MARCH - 2011. I am positive for next week above 5760 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 Infrastructure has announced Rs10bn share buy-back implying 8.34% shares from public shareholders. (ET)

±  Reliance Industries has bid for two deepsea blocks in the Andaman Basin in the Bay of Bengal and four onshore blocks in Rajasthan and Gujarat. (ET)

±  Dr Reddy laboratories has launched levocetirizine tablets, a generic version of Belgian drugmaker UCB's allergy drug Xyzal, in the US. (ET)

±  Shriram City Union Finance plans to raise Rs7.5bn via issue of non-convertible debentures. (ET)

±  ONGC sold a cargo of Sudanese Nile Blend crude at the strongest differential in two years on firm Japanese demand for the medium sweet grade. (BS)

±  Coal India has lowered the production target to 440mn tons from 460mn tons for the current fiscal. (BS)

±  TCS has bagged an order from Australian financial institution CUA for deployment of its banking solution. (BS)

±  Idea would invest Rs42bn in 3G network infrastructure, including erecting around 16,000 towers by March, 2012. (ET)

Pre Market Ideas

MORNING CALL,
BUY and HOLD
HEROHONDA at 1501
sl 1490
TARGET 1517,1523,1529

सेन्सेक्स (18943.14) +127.50 अंक चढ्कर, नीफ़्टी (5687.25) +33.00 अंक चढ्कर, बंद..

INTRADAY CALL,

TARGET ACHIVED

L&T at 1645

book profit

Bull Run likely to continue during the session

Keep Stocks Specific Approach

Sector Watch:

Banking, Fertilizer, Auto & Auto Ancillaries, Paper, Agri Food & Mid-Cap I.T. Stocks

Nifty & Sensex Levels

Nifty / Sensex	F & O Close Rate	R-1	R-2	S1	S2
NIFTY	5680.70	5715	5750	5640	5618
SENSEX	18815	19025	19300	18654	18414

Buy Call

Scrip Name	F & O Close Rate	Target 1	Target 2	Stoploss
WIPRO	458.8	466	472	450
L & T	1606.65	1620	1640	1587
IDFC	156.35	157	161	153
RELIANCE IND	1031.7	1048	1064	1015
INFOSYS	3172	3200	3225	3155

NIFTY FO CLOSED @ 5680 AS ON 25.03.2011

NIFTY FO has resistance @ 5703 to 5717; above which other resistance levels are @ 5733 to 5750. In down side support levels are @ 5647 - 5617 levels; below which other support levels are @ 5607 to 5597 levels in MARCH-2011. �I am positive for next week above 5703 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.

Pre Market Ideas

MORNING CALL,
BUY and HOLD
L& at 1599
sl 1576 TGT-1628,1632,1637

Corporate Snippets

"Visit Daily www.NorthPole77.com , Join profit making community...Today!"

सेन्सेक्स (18815.64) +464.60 अंक चढ्कर, नीफ़्टी (5654.25) +131.85 अंक चढ्कर, बंद..

Buy and Hold.... 5DAYS CALL

BUY AND HOLD ATLANTA AT 91.10
HOLD FOR 5 DAYS

TARGET 110 & 117 ++

Buy and Hold....

ITC (BUY, between Rs169-170, Target Rs178): ITC on the daily chart has given breakout from descending trendline as prices closed above Rs172 with rise in volumes. A positive crossover in RSI accompanied with breakout from flag consolidation supports buying argument in the counter. Adding to it, there has also been a bullish crossover of medium term moving average over the long term moving average which exhibits strength in the counter. The immediate breakout projection stands at Rs180 based on the flag breakout. We advise buying stock in the range of Rs169-170 with stop loss of Rs166 for Target of Rs178. (Duration 7 days).

Market Commentary ..

We’ve just seen some glorious moments on the cricket field as the Men in Blue as just two steps away from getting the World Cup. Global markets seem to be shrugging off concerns related to Japan, spreading unrest in the Middle East and downbeat reports from Portugal and Spain. In fact, global stocks rose for a sixth day, the longest rally for the MSCI World Index since September last.

The Indian indices also clocked gains despite food price index rising to 10.05% in the year to March 2012, from 9.42% in the previous week.

The outlook for today is again positive with the indices expected to remain in a narrow range. The global cues are positive. Asian markets are moving higher as construction stocks are gaining on hopes of rising demand as Japan rebuilds after the earthquake.

US stocks saw some last hour gains after being boosted by positive earnings in the technology sector. The Dow added 85 points; the S&P 500 gained 12.1 points and the Nasdaq moved higher by 38 points.

There is no strong conviction to increase buying at these levels. In case you decide to do so, stick to the relatively larger stocks.

Markets to open with firm note & Rally to continue

Overall outlook bullish

Keep Stocks Specific Approach

Sector Watch: Consumer-Durable, Banking

Sector Avoid: OMC & Aviation

INTRADAY MARKET

Nifty & Sensex Levels

Nifty / Sensex	F & O Close Rate	R-1	R-2	S1	S2
NIFTY	5550.7	5588	5609	5512	5490
SENSEX	18350	18464	18527	18274	18208

Buy Call

Buy Call

Scrip Name	F & O Close Rate	Target 1	Target 2	Stoploss
HINDALCO	205.6	209	213	202
M&M	669.25	680	689	659
STER	168.95	171	173	165.5
KOTAK BANK	450.15	461	468	440
BHEL	2038	2048	2077	2018

NIFTY FO has resistance @ 5569 - 5573; above which other resistance levels are @ 
 5588 - 5610. In down side support levels are @  
5533 - 5517 levels; below which other support levels are @ 
 5507 - 5497 levels in MARCH - 2011. �I am positive for next week above
5588 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.

Pre Market Ideas

MORNING CALL,
BUY and HOLD
ABB at 777
sl 769
TARGET 789,799,801