NSE Equity code | Sell below | Target (1) | Target (2) | Stop Loss |
EKC | 117.30 | 114.80 | 111.80 | 118.80 |
GRAPHITE | 99.00 | 96.90 | 94.30 | 100.30 |
IVRCLINFRA | 171.80 | 168.20 | 163.25 | 174.50 |
RUCHISOYA | 102.00 | 100.10 | 97.35 | 103.40 |
SAKHTISUG | 54.20 | 53.30 | 51.90 | 54.90 |
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Saturday, July 31, 2010
Intraday Sale Tips
Intraday Buy Tips
NSE Equity code | Buy above | Target (1) | Target (2) | Stop Loss |
GSPL | 105.40 | 109.55 | 111.95 | 103.00 |
UCOBANK | 91.40 | 93.65 | 95.10 | 90.00 |
SKUMARSYNF | 81.30 | 83.20 | 84.40 | 80.10 |
ALBK | 193.00 | 197.50 | 200.40 | 190.10 |
CAROLINFO | 75.10 | 76.80 | 77.90 | 74.00 |
PIDILITIND | 134.90 | 137.45 | 139.05 | 133.30 |
Friday, July 30, 2010
Nifty below 5400 on global cues, disappointing earnings.
The benchmark Nifty started the session lower following weak global cues and disappointing earnings. Telecom, technology, select auto and select financial companies' shares were under pressure.
At 9:01 hours IST, the SENSEX was trading at 17928, down 63 points and the NIFTY was at 5389, down 20 points. About 360 shares advanced while 367 shares declined.
Results Reaction
Siemens and ONGC tumbled 2%, Hero Honda lost 4% post disappointing numbers.
Hero Honda's Q1 net profit was down 1.6% at Rs 492 crore while expectation was at Rs 563 crore and ONGC's Q1 net profit was down 24% at Rs 3661 crore while expectation was at Rs 3920 crore. Siemens has reported Q3FY10 adjusted PAT at Rs 156 crore as against Rs 200 crore, de-growth of 22% (YoY).
Petronet LNG was down 2% and SAIL down 1.7%.
Reliance Power fell 2% ahead of numbers.
Tata Motors, Ambuja Cements, Idea Cellular, ICICI Bank, HDFC Bank, Reliance Communications, Bharti Airtel, PNB, ITC and Infosys were witnessing selling pressure.
However, HCL Tech rose 1%. Maruti Suzuki, ABB (ahead of numbers), Cipla L&T and Suzlon Energy were other gainers.
Central Bank of India rose 6% and Bank of Maharashtra gained 3% post good numbers.
Global cues:
Asian markets were trading lower. Nikkei and Hang Seng declined 1-1.5%. Hang Seng, Straits Times, Kospi and Taiwan fell 0.4-0.8%.
GOLD IMPORTS INCREASED on FESTIVAL BUYING
India's gold imports were up 7.79 per cent in seven months to July this year on improved festival demand and occasional buying from retail consumers.
High prices, individual investors and funds retaining their faith in gold as an alternate investment option also helped in improving the import figures.
Total inbound supply gold was recorded at 171.6 tonnes in the first seven months of the current calendar year as against 159.2 tonnes in the corresponding period last year.
According to an industry estimates, gold imports in July were at 16 tonnes, 44 per cent lower than the same month of the previous year but, 16 per cent higher than the previous month.
In July 2009, gold imports were recorded at 28.4 tonnes as global economies were recovering from slowdown and investors preferred to invest in the yellow metal amid forecast of price rise. Gold prices were hovering around Rs 15,000 per 10 gm in Mumbai around that time.
In June, a commonly sluggish month, though, gold imports fell to six-month low to 13.8 tonnes in absence of any enthusiastic demand due to the lack of festivals and ceremonial opportunities.
"Gold imports have improved little from the last month due to almost stable price on highs. Our estimate is that gold's total import could not be more than 15-16 tonnes in July,"
Low global economic sentiment which started with the collapse of Lehman Brothers in September 2008 followed by meltdown pushed gold demand down as investors preferred to hold cash instead of any asset class.
As a consequence, gold imports to India fell abysmally low in single digit in the first quarter of 2009. Also, imports plunged to a mere 4.8 tonnes in March 2009 which analysts termed as minuscule looking at Indians aspiration for gold jewellery.
Total import of the yellow metal, thus, fell 19 per cent at 339.8 tonnes in 2009 from 420 tonnes in the previous year.
Meanwhile, World Gold Council has forecast robust demand in the second half of the calendar year 2010.
Price conscious Indian investors, however, will respond positively to the current fall in bullion prices.
After holding above Rs 18,000 per 10 gm ($1156 an ounce overseas) for a prolonged period, gold fell 2.63 per cent or Rs 480 to Rs 17,765 per 10 gm this week. Although, GFMS had earlier forecast $1150 an ounce to be a good entry level of entrepreneurs pitch into gold sector.
MARKET OUTLOOK
An hour into opening the market is still in the red but has recovered from the early losses. Sensex is trading at 17957, down 34 points from its previous close, and Nifty is at 5398, down 10 points. CNX Midcap index is up 0.7% and BSE SMALLCAP index is also up 0.7%. The market breadth is positive with advances at 796 against declines of 418 on the NSE.
MARKET REVIEW FOR TODAY(30th July)
NIFTY TREND
Look for buying opportunity below 5375 and go short at 5425-5450 levels.
The Nifty is trading range-bound and is stuck in the range of 5350 and 5450.
Thursday, July 29, 2010
Market review for July
It was a lackluster end to the last day of the July F&O series as the market closed flat with moderate gains. It opened quiet and traded likewise for most part with no clear cues from global markets which continued to be sideways. Gainers in trade today were banking, realty and FMCG while capital goods, IT and metals saw profit booking. Sensex shut shop at 17992, up 34 points and Nifty at 5408, up 11 points from the previous close. CNX Midcap index was up 0.2% and BSE Smallcap index was down 0.1%. The market breadth was negative with advances at 588 against declines of 681 on the NSE. Top Nifty gainers were IDFC, HDFC and ICICI Bank while losers included Suzlon Energy, RCom and Sun Pharma.
MARKET OUTLOOK
At noon, the market appears to have picked up steam and is trading in positive territory. Sensex is trading at 17988, up 31 points from its previous close, and Nifty is at 5407, up 9 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.1%. The market breadth is positive with advances at 662 against declines of 583 on the NSE.
Intraday sale tips (29th July)
NSE Equity code | Sell Below | Target (1) | Target (2) | Stop Loss |
GDL | 110.40 | 106.70 | 103.20 | 112.50 |
TVTODAY | 93.20 | 91.20 | 88.75 | 94.40 |
Intraday Buy Tips(29th July)
NSE Equity code | Buy above | Target (1) | Target (2) | Stop Loss |
HEXAWARE | 83.60 | 86.50 | 88.25 | 81.90 |
FREE TRADING CALLS(29th July)
Sell Punj LIoyd with target of Rs 122 and
stop loss of Rs 131
Buy Prithvi Info with short-term target of Rs 60 and
stop loss of Rs 51
BUY USDINR AUG @46.88
TGT.47.05-10,
SL 46.84
BUY BRFL AUG FUT @ 276
TGT 284/286
SL 272
BUY JUBLFOOD 334-337
TGT 341-348
SL 331
INTRADAY SELL INDIABULLS 157-161
TGT 155-148
SL 163
NIFTY UPDATES (29th July)
With markets making further inroads into the negative territory, the indices closed the day significantly in the red. The BSE Sensex lost in the region of 120 points whereas NSE Nifty shed around 30 points. BSE Midcap and Small cap indices also ended lower however the selling was not as intense as in their larger counterparts. The advance to decline ratio stood at 2:3.
For today Intra-day, Nifty has a support at 5382 & 5348 and faces resistance at 5414 & 5448. Nifty above 5431 will set a target of 5442, 5457 & 5468. Nifty below 5379 will set a target of 5366, 5351 & 5324. Last trading action is mark as a Bearish candle with a small upper and lower shadow also thick real body. Nifty has found a bear candle followed by Harami Pattern
shows more weakness. Nifty has a support at 5344 on closing basis. A close below 5344 will give proof of Short term Reversal.
For Short term, Nifty has a support at 5364 & 5284 and faces resistance at 5473 & 5517. As we can see from above chart, markets is trading is a big channel Blue channel wherein facing resistances at upper end of the channel and support at lower at lower end of the channel. From Bse Sensex daily chart, it has completed both side of trend in which it has finished upper side
by testing upper end of the channel (i.e. 18048) and ended downside by testing lower end of the channel (i.e. 15960). After forming bottom, as per the tradition Bse Sensex has started moving towards upper end of the channel (i.e.18364). As per the time-wise cycle, Nifty has shown 9 to 10 weeks of bull rally thereafter 4 to 7 weeks of bear rally. Last week was planned as 9th week and this week will be the last bull rally (10th). But for downside evidence Nifty has to close below 5353. As we can see Nifty is oscillating Red Parallel line wherein hurdle at 5454 and support 5353. Technically, either side closing will see Trend.
Now the question arise where is Nifty heading? Technically speaking, having a look at monthly chart Nifty has given a break out of upper end of the channel. Moreover as per Wave count, Nifty has rally from 920 (Oct. 2002 Bottom) to 6357 (January 2008 Top) is mark as Wave A. Subsequently, Nifty corrected till 2253 (October 2008 Low) which is 75% of the rally & even 64% cut from top. After taking support at 2253, Nifty did consolidated almost 6 months and with the recent high at 5453 Nifty has recovered 78% of the entire fall. However, as per moving average Nifty closes below 5122 on weekly basis will provide Negative Divergences and which will states that Nifty has start Sub-Wave B (corrective wave) in Wave C or up move continue.
As Long as Nifty stays above 5344 (Closing basis), we remain POSITIVE on Nifty.
Wednesday, July 28, 2010
TODAY'S TRADING STRATEGY(28th July)
TRADE
| SCRIP SYMBOL | ENTER | STOP LOSS | TARGET |
BUY | NIFTY FUTURE | ABOVE 5465 | 5440 | 5490-5510 |
BUY
| BANK NIFTYFUT | ABOVE 10130 | 10080 | 10170-10210 |
BUY | RELINFRA FUT | ABOVE 1162 | 1149 | 1175-1193 |
BU | LICHSGFIN FUT | ABOVE1092 | 1075 | 1111-1130 |
BUY | TATAMOTORS FUT | ABOVE 747 | 740 | 754-765 |
BUY | JSWSTEEL FUT | ABOVE 1180 | 1166 | 1194-1204 |
BUY | BUY CAIRN | ABOVE 336 | 328 | 344-350 |
BUY | JETAIRWAYS | ABOVE 651 | 643 | 659-676 |
MARKET OUTLOOK (28th July)
In the Earlier Indian Market traded flat and gained momentum in the later half session after RBI MOMENTRY POLICY announcement.IT& AUTO traded with good gains while CAPITAL GOODS appeared as a loser.SENSEX shut at 18077 ,up 57 points and NIFTY at 5430,up 12 points from the previous close.CNX MIDCAP index was up 0.2% and BSE SMALLCAP index was down 0.03% .The Market breadth was negativewith advances at 584 against declines of 680 on the NSE.
Top gainers include HERO HONDA,M&M,ACC, TATAMOTORS,DLF and AMBUJACEM.Top losers are listed as LT,BHEL,HDFC,TATASTEEL,HUL,ABB,AXISBANK and GAIL.
Tuesday, July 27, 2010
BUY SESAGOA CASH
5-7 DAYS BUY SESAGOA CASH @ 373
TGT 390/395
SL 360
2-5 DAYS BUY ZEEL CASH @ 302.45
TGT 312/315
SL 296
BUY RAJESH EXPORT @90.7 SL 88.5
TGT 97
HOLD 1-2 DAYS
FREE COMMODITY CALLS
SELL CHANA AROUND 2315-20,
TGT 2284-2266,
SL 2342.
SELL MENTHOL AUG @ 714-715
TGT 711.50-707.50-703.
SL 720.20
SELL SOYA BEAN BELOW 1995,
TGT 1976-62,
SL 2012.
INTRADAY SALES TIPS FOR NSE
NSE Equity code | Sale below | Target (1) | Target (2) | Stop Loss |
MOTILALOFS | 171.70 | 162.90 | 155.85 | 176.40 |
JPASSOCIAT | 124.00 | 119.20 | 115.05 | 126.50 |
GDL | 113.20 | 110.20 | 106.75 | 115.10 |
PRAJIND | 77.60 | 75.90 | 73.85 | 78.70 |
APOLLOTYRE | 62.60 | 61.30 | 59.65 | 63.40 |
MAX | 155.60 | 152.50 | 152.50 | 157.40 |
Monday, July 26, 2010
MARKET POSITIONS
EUROPEAN MARKETS LOST THEIR SHEEN: CAC +4.31, DAX -5.57, FTSE +7.38
LME COPPER : -3375
ZINC: -175
ALUMINIUM : -5325
NICKEL: -552
LEAD: -425
TIN: -250.
DELIVERY BUY TECHM
FOR 7 TO 10 DAYS DELIVERY BUY TECHM 748
SL 730
TGT 770-785.......
ONE CAN BUY AUGUST FUTURE ALSO AT 750.
MARKET UPDATES (26th July)
Saturday, July 24, 2010
Weekly Market Updates
It was a good week for the Indian market which was able to break the nine-day trading range of the Nifty and give a closing above the 5400 mark for the second day running. On Thursday, the Nifty closed on a new 30-month high, the first time since February 2008. This week's performance was average and the numbers are: Sensex up 0.8% and Nifty up 1%. CNX Midcap index was up 0.3%, BSE Smallcap index down 0.3% over the week. BSE Metal index was up 4%, BSE Bankex up 0.8%, BSE Auto index up 0.8% and BSE Consumer Durables index up 1.4%.
Nervous cues from Europe saw the Indian market trade volatile, too, ahead of the stress test results of 91 European banks today. The market opened quiet and rallied before coming off the day's high in afternoon trade following a weak Europe opening. Sensex shut shop at 18130, up 17 points and Nifty at 5449, up 7 points from the previous close. CNX Midcap index was down 0.4% and BSE Smallcap index was down 0.5%. The market breadth was negative with advances at 441 against declines of 836 on the NSE. Top Nifty gainers were Idea Cellular, Bharti Airtel and Axis Bank while losers included Reliance Capital, Unitech and Sterlite Industries.
Friday, July 23, 2010
Support Levels for 23-Jul-10
-
SYMBOL
R3
R2
R1
Close
S1
S2
S3
SUZLON
61.3
60.8
60.3
60.3
60.0
59.8
59.5
SBIN
2513.9
2503.8
2487.4
2476.3
2471.0
2460.8
2452.6
TATASTEEL
557.8
551.9
542.4
540.9
532.9
527.0
522.2
TCS
865.4
858.0
846.0
843.7
834.0
826.5
820.5
UNITECH
88.8
87.8
86.3
85.9
84.7
83.7
82.9
WIPRO
428.6
425.3
419.8
415.4
414.3
411.0
408.2
ZEEL
312.8
309.6
305.7
301.2
299.3
292.9
289.0
Thursday, July 22, 2010
FREE CASH CALLS
TATA STEEL
50% Near 532
50% Near 520
TGT 565
SL Closing Basis 510
BHARATFORG
50% Near 332
50% Near 315
TGT 380plus
SL Closing Basis 305
MARKET UPDATES for Today
SINGAPORE NIFTY IS TRADING AT 5389 LOWER BY 5 POINTS FROM PREVIOUS CLOSE OF 5394.
Buy Nifty 5400 Call Option at Rs 52 with intra-day target of Rs 60 and stop loss of Rs 48.
FREE INTRADAY CALLS
POSITIONAL CALL:
BUY SASKEN NEAR 214,
S/L: 199.70,
TARGET: 225 /238
Buy Educomp cmp: 616.30.....Closing
SL of 595
Tgt 634/653...5-6 days.
NIFTY UPDATES(22nd July)
The market opens flat with a negative bias on the back of quiet global cues. Earlier, the US markets ended lower with the Dow down 109 odd points while Asia is looking quiet this morning. Sensex is trading at 17939, down 37 points from its previous close, and Nifty is at 5387, down 12 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.1%. The market breadth is negative with advances at 353 against declines of 360 on the NSE.
Wednesday, July 21, 2010
NIFTY UPDATES(21st July)
NIFTY Spot is being Trading in Tight Range of 5350 to 5450.
Market needs to sustain above 5400 & breaks 5450 for Further Move.
Below 5350 supports are placed at 5300 next 5250, where Positional Long can be taken in Parts.
Keep Eye on 5350 Spot as support
Wait for Our Exactly Entry & Exit Price.
Tuesday, July 20, 2010
FREE COMMODITY TIPS(20th July)
SELL M C X GOLD AUG BELOW 18195 FOR THE TARGET OF 18080 / 8010 WITH STOP LOSS OF 18299 ( C M P 18205)
SELL NCDEX SOYA BEAN AUG BELOW 2026 FOR THE TARGET OF 2006-1985 WITH STOP LOSS OF 2040(CMP-2026.5)
Monday, July 19, 2010
TRADING STRATEGY
S.N | TRADE
| SCRIP SYMBOL | ENTER | STOP LOSS | TARGET |
1 | BUY | NIFTY FUTURE | ABOVE 5410 | 5390 | 5430-5445 |
2 | BUY | BANKNIFTY FUT | ABOVE 10025 | 9984 | 10070-10150 |
3 | SELL | RANBAXY FUT | BELOW 448 | 454 | 442-435 |
4 | SELL | ACC FUTURE | BELOW 800 | 806 | 794-783 |
5 | BUY | ICICIBANK FUT | ABOVE 901 | 894 | 907-917 |
6 | BUY | UFLEX | ABOVE 126 | 121 | 131-136 |
7 | BUY | PNB | ABOVE 1074 | 1064 | 1084-1099 |
8 | BUY | CROMPTONGREAV | ABOVE 274 | 269 | 279-284 |
Positional Calls(19th july -23rd July)
SL.NO | Scrip’s | Buy Price | Stop Loss | Target Price |
1 | Citi Union Bank Ltd | 38-39 | 36.8 | 42-43 |
2 | Yes Bank Ltd | 291-295 | 288 | 312-316 |
3 | IDFC ltd | 191-193 | 189.5 | 197-199 |
4 | IFCI Ltd | 59-61 | 57.50 | 65-67 |
5 | TNPL Ltd | 119-121 | 115 | 126-128 |
6 | Visaka Industries Ltd | 178-181 | 176.2 | 185-188 |
7 | GIC Housing Finance Ltd | 119-121 | 117 | 127-129 |
8 | Aarti Drugs Ltd | 136-138 | 133.2 | 143-147 |
9 | Nahar Spinning Mills Ltd | 102-104 | 99.9 | 109-111 |
10 | JB Chemicals Ltd | 95-97 | 91.7 | 102-104 |
11 | Subros Ltd | 47-48 | 45.10 | 52-54 |
12 | Jayshree Tea Ltd | 300-303 | 297.8 | 312-322 |
Thursday, July 15, 2010
SUZLON NEWS
India`s largest wind-turbine manufacturer, Suzlon Energy Limited (SEL), received an order from Serum Institute of India Limited to set up, operate and maintain a 37.8 megawatt (MW) project at Jaibhim in Dhule-Nandurbar wind park in Maharashtra.
The project will comprise of 18 units of Suzlon`s S88 - 2.1 MW wind-turbines that is adequate to power more than 8,000 households.
The project is Poonawalla Group`s second order with Suzlon and is to be commissioned by March 2011.
COMMODITY UPDATES
>
Domestic oil seed and edible oil futures mostly traded up marking modest change Thursday as a bullish overseas market supported prices to rally up. While a decent rise in BMD crude palm oil boosted soy oil futures, soybean futures drew support from firm overnight gains on CBOT. Ongoing rainfall in Maharashtra and Madhya Pradesh may however, weigh on the sentiment. Mustard seed futures however, ticked down on slight profit booking.
Chicago Board of Trade [CBOT] soy futures traded down during electronic trading. Soybean August contract traded at USD 9.996 [-1.50] per bushel. Soy oil August contracts offered at 38.02 cents per pound, down 0.09 points.
July soy oil on National Commodity Derivatives Exchange [NCDEX] traded at Rs 454 [-0.60] per 10 kg with volume of 1,160 lots. August contract quoted at Rs 461.30 [+0.15] per 10 kg with 10,830 lots traded. July contract on National Board of Trade [NBOT] quoted at Rs 453.60 [+5.00] per 10 kg. August contract on Multi Commodity Exchange of India [MCX] traded at Rs 458.95 [+0.65] per 10 kg with volume of 14 lots.
Soybean futures on NCDEX traded mixed. July contract traded at Rs 1,925 [-1.00] per 100 kg at 10:29 am IST. Volume so far was 1,500 tons. August contract traded at Rs 1,967 [+7.00] per 100 kg with volume 12,780 tons.
MUSTARD SEED
Mustard seed futures traded down as July contract offered at Rs 524.25 [-0.05] per 20 kg with 1,680 lots traded. August contract traded at Rs 531.65 [-0.10] per 20 kg with 7,500 lots traded.
Mustard seed futures (September contract) on Hapur exchange traded at Rs 527.25 [-0.75] per 20 kg.
CASTOR SEED
Castor seed futures closed down under selling pressure Wednesday. RBOT September contract closed at Rs 3,658 [-30.00] per 100 kg.
Tuesday, July 13, 2010
NIFTY FUTURE REVIEW(13th July)
Cash conditions in the banking system will return to comfortable levels by the end of July.
India’s industrial output rose at its slowest pace in seven months in May, but slower-than-forecast growth is not expected to stop the Reserve Bank of India (RBI) from raising interest rates later this month.
FREE Nifty TIPS
Friday, July 2, 2010
NIFTY LEVEL FOR TODAY
Nifty witnessed the yet another highly volatile session & in the end close on Red. Now in the downside the short term support zone seems to be around 5200 to 5220. Closing below this may drag it till the lower levels of 5100 to 5110 in near term. For short term trading one may go for sell in Nifty future on every high until it close above 5360.
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