Market OutLook 22-DEC-2009

On strong global cues market to open slightly higher side with positive bias during the morning session and thereafter to be volatile and may close on positive note for the day.

Yesterday nifty bounced back from the lower level, we could see a pull back for the next two-three sessions however at higher levels selling is expected to emerge and advice investors to be cautious because market can move up before reacting sharply

In short-term Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.

Today nifty to trade in the range 4920-5020, either side break to give a new direction to the market.

Technically nifty can take support at 4920/4900/4850/ and resistance at 4980/5000 /5020 for the day.

Trade with cautious without any overnight positions.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS

BUY PRAJ >98 SL 96 TGT 104
BUY DAAWAT (LT FOODS) >70 SL 68 TGT 76
BUY 3IINFO > 84 SL 81 TGT 90

Have a nice trading day.

Market OutLook 21-DEC-2009

On weak global cues market to open slightly lower side with negative bias during the morning session and pullback can be expected from the lower and thereafter to be volatile till close.

Yesterday nifty closed below the 5000 indicating further sell-off and can test 4950 levels or can go further down to the extent of 4900, if holds 4950 then a pullback is expected from that level.

Still there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.

Today nifty to trade in the range 4900-5050, either side break to give a new direction to the market.

Technically nifty can take support at 4970/4950/4920/ and resistance at 5020/5050 /5080 for the day.

Trade with cautious and no overnight positions.

Have a nice trading day.

Market OutLook 18-DEC-2009

On weak global cues market to open slightly lower side with negative bias during the morning session and thereafter to be volatile and at higher level sell is expected.

Yesterday nifty traded in the narrow range with high volatility, it’s very difficult to predict the trend as there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.

Today nifty to trade in the range 4950-5050, either side break to give a new direction to the market.

Technically nifty can take support at 5010/4980/4950/ and resistance at 5040/5060 /5080 for the day.

IN IT SPACE INFOSYS AND TCS LOOKS GOOD.
IN PHARMA SPACE RANBAXY AND CIPLA LOOKS GOOD.
IN CAPITAL GOODS HAVELS AND CROMPTOM LOOKS GOOD.

BUY THE FOLLOWING STOCKS FOR SHORT-TERM GAINS

GRAPHITE > 76 SL 74 TGT 81
SUZLON > 81 SL 78 TGT 88

Trade with cautious without any overnight positions.

Have a nice trading day.

Market OutLook 17-DEC-2009

On mixed global cues market to open flattish with negative bias during the morning session and thereafter to be volatile and at higher level sell is expected.

Yesterday nifty bounced back from the lower level, we advise investors to be cautious because market can move up before reacting sharply, looks as if markets are unable to decide its direction

Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.

Today nifty to trade in the range 4950-5080, either side break to give a new direction to the market.

Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.

Trade with cautious without any overnight positions.

Have a nice trading day.

Market OutLook 16-DEC-2009

On mixed global cues market to open flattish with negative bias during the morning session and thereafter to be range bound and today can test 4980 levels from there bounce back is expected.

Now nifty to trade in the range 4800-5100 for the next few trading session with high volatility , As nifty tried to break its resistance level 5180 many times but could not do so and now if it breaks below 5000 then further sell-off is expected to the extent of 4800 in the next few trading sessions.

Today nifty to trade in the range 4950-50080, either side break to give a new direction to the market.

Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.

BANKING LOOKS WEAK FOR THE DAY.
SHIPPING AND HOTEL SECTORS LOOKS GOOD FOR THE DAY.

Have a nice trading day.

Time To Take Risk And Buy Penny Stocks

Penny stocks are stock that trades at a relatively low price and market capitalization; these types of stocks are generally considered to be highly speculative in nature and carries high risk because of their lack of liquidity, small capitalization or limited disclosure.

while investing in these type of companies the fundamental are often given lesser weight age or many time totally ignored, hence investing into them are most risky and the potential of loss is much bigger and it is almost equal to gambling than investing, and on the other hand it can be profitable too, if one can effort to risk, then can take a chance after analyzing the stock and then bet on it.

One should focus on the stock on which you are betting and try to get the maximum info on the stock, check for its average volumes, trading pattern and related press release once you are convinced about it then look for the market sentiment towards the penny stocks, The activity in penny stocks starts only through a large participation of retail investors.

Although few penny stocks have shoot up in the last six months, we feel the real activity has just began in the penny socks and it’s time to take some risk and buy penny stocks and hold it for the next 2-3 years.

We have identified such penny stocks based on its movement and other related information’s which indicated its potential to go up further 5-10 times from the current level or even more provided you have the patients to hold it for a longer period and risk taking capacity.

The penny stocks which we have mentioned are purely speculative in nature and feel it can perform well in the coming days.

Watch out for the following penny stock ,if interested in taking risk then buy it with a view to retain it for the next 2-3 years, hoping that the stocks skyrocket at some point of time in the future, this mostly happens during last leg of the bull market for which enough time is left.

SNO	SCRIP NAME	CMP(As on 11-12-09)	YEAR HIGH	YEAR LOW	MAKT CAP(CR)	SECTOR	PROMOTERS HOLDING
1	GV FILM	2.19	3.27	0.85	78.44	ENTERTAINMENT	1.99%
2	HARIG CRANK	0.99	1.98	0.42	32.7	AUTO PART	10.56%
3	INVIETA MEDITEK	3.86	8.29	3.51	2.28	MEDICAL EQUIPMENT	26.60%
4	CLIO INFO	3.86	3.83	1.35	4.16	SOFTWARE	4.18%
5	DATA NET SYSTEM	2.01	2.86	1.55	2.53	COMM.TRADING	25.57%
6	EPSOM PROPERTIES	5.35	9.4	3.28	2.93	PHARMACEUTICAL	40.27%
7	IQ INFOTECH	2.35	3.91	0.79	2.39	SOFTWARE	5.87%
8	BAFNA SIPINNING	1.4	2.97	0.65	5.37	TRADING	25.82%

Market OutLook 14-DEC-2009

On weak global cues market to open flattish with negative bias during the morning session and thereafter to be range bound and today can test 5050 levels from there bounce back is expected.

On Friday market opened flattish note and was trading with the positive bias during the morning session and even touched its strong resistance of 5180 and then fell sharply and closed below 5120 levels showing further weakness in todays trading.

Now nifty is range bound with resistance at 5180 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000 ,nifty looks bullish only on crossing above 5180 and can test 5300, on the other hand a break below 5080 can drag the nifty to 5000 levels.

Nifty to trade in the range 5080-5180 in short-term, either side break to give a new direction to the market.

Technically nifty can take support at 5090/5050/5010/ and resistance at 5140/5160 /5180 for the day.

In this market condition one has to book profits on very rise and when decline on panic buying will be the best strategy, one has to trade with cautious.

BANKING LOOKS WEAK FOR THE DAY.
SUGAR, STEEL & IT LOOKS BULLISH FOR THE DAY

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

TRIVENI ENG >110 SL 108 TGT 116
THINK SOFT >267 SL 260 TGT 278

Have a nice trading day.

Market OutLook 11-DEC-2009

On strong global cues market to open slightly higher levels and expected to be range bound with positive bias during the morning session, at higher levels selling is expected for the day, for the rally to continue nifty should hold trade above 5150 and a close above 5180 will take nifty to 5300 in the next few trading sessions.

Yesterday market opened on a flat note and was rage bound without much volatility and looked as if it was direction less, but today due to the IIP data announcement market is expected to be volatile in the second session.

Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in mid cap stocks with a stop loss of 5050.Nifty to trade in the range 5050-5180 in short-term, either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 5090-5150 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5120/5100/5080/ and resistance at 5150/5180 /5220 for the day.

IN MID CAP BANKING SPACE DENA BANK, UCO, ANDHRA BAN & SYNDICATE BANK LOOKS GOOD.
IN FERTILIZER SPACE CHAMBAL, NAGARJUNA AND DEEPAK LOOKS GOOD.
IN MID CAPTEXTILE SPACE ALOK, EASTERN SILK & BRFL LOOKS GOOD.
IN SUGAR SPACE PRAJ IND & BAJAJ HIND LOOKS GOOD.
IN MID CAP IT SPACE FCS, FSL, PATNI, POLARIS & ROLTA LOOKS GOOD.
IN SHIPPING SPACE ESSAR, VARUN & GE SHIPPING LOOKS GOOD.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

BAJAJ HIND >210 SL 208 TGT 222
ROLTA > 188 SL 185 TGT 200
IDEAL CELL > 61 SL 60 TGT 68
DEEPAK FERTILIZER >102 SL 100 TGT 110
CHAMBAL FERT >60 SL 58 TGT 65

Have a nice trading day.

Market OutLook 10-DEC-2009

On global cues market to open flattish with negative bias during the morning session, at lower levels bounce back is expected for the day and thereafter selling to emerge once again during the close, for the rally to continue nifty should hold close above 5180 levels.

Yesterday market opened on weak note and was trading with the negative bias for the whole day and the same trading is expected today also.

Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in small lots with a stop loss of 5050 ,nifty looks bullish only on crossing above 5180 and can test 5300, on the other hand a break below 5080 can drag the nifty to 5000 levels.

Nifty to trade in the range 5080-5180 in short-term, either side break to give a new direction to the market.

Technically nifty can take support at 5090/5050/5010/ and resistance at 5140/5160 /5180 for the day.

In this market condition one has to book profits on very rise and when decline on panic buying will be the best strategy, one has to trade with cautious.

I think the worst is over for the Telecom sectors.

BUY RCOM, BHARTI, IDEA AND TTML FOR SHORT-TERM GAINS.

Have a nice trading day.

Market OutLook 09-DEC-2009

On global cues market to open weak and expected to be range bound with negative bias during the morning session, at lower levels bounce back is expected for the day, for the rally to continue nifty should hold close above 5080 levels.

Yesterday market opened on a strong note but could not cross the 5170 mark indicating strong resistance at this level.

Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in small lots with a stop loss of 5050.

Nifty to trade in the range 5050-5250 in short-term, either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 50800-5180 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5120/5100/5080/ and resistance at 5160/5180 /5200 for the day.

IN BANKING SPACE FEDERAL BANK & SYNDICATE BANK LOOKS GOOD.
IN OIL SAPCE CHENNAI PETRO, MRPL, IOC LOOKS GOOD.
IN TEXTILE BRFL & CENTURY TEXT LOOK GOOD.
IN SUGAR SPACE PRAJ IND & BAJAJ HIND LOOKS GOOD.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

BAJAJ HIND >210 SL 202 TGT 222

Have a nice trading day.

GOLD - A FAVORABLE ALTERNATE INVESTMENT OPTION

The yellow metal has found favor due to the last year’s financial crisis and still continues to be favorable investment option due to weak sentiments toward the current economic uncertainty in some parts of the world.

The gold buyers tend to think investment in gold is protection from rising inflation and any currency devaluation, though we say that investing in gold is safe havens but still the exposure of gold investment when compared to that of other financial asset is very less, but now things are changing after the recent financial crisis in the western countries that led to the global depression and economic slowdown.

When Investors across the globe search to park their investment is safe havens, obviously it will be in gold which will not be affected due to any economic or political crisis.

For the last two years gold investment has deliver excellent returns due to which more and more investors especially the retail investors are much interested in investing in gold and are curious to know about gold price sustainability and the various opting available for gold investments.

As I am coming across the queries from the investors are almost same in nature, they want to know why gold price is rising and does it have the potential to rise further from the current levels, I think its valid questions before investing at high level.

First, one should know why the gold prices have surged so sharply and dose the reasons justify the gold price rise.

• Due to the global depression and economic slowdown the central bank across the globe had to increase the liquidity to provide the stimulus packages to revive the economy, which has led to the oversupply of paper currency, which in turn has led to higher inflation and weak currency, In such a case gold investment is hedge against both the above said factor and gold prices shoot up.


• As dollar getting weak the central bank across the globe are diversifying their reserves away from US $ to gold reserve the recent being India to do so by buying 200 tones from IMF due to which gold price has shoot up and many more countries are expected to do so, which will increase the demand for gold further in the coming days.


• The increase in demand for gold has outstripped the global gold production, the world major gold producing countries like South Africa, Australia and China could not increase the gold production and apart from this there has been no major gold discovery to compensate the demand side, due to which the prices in gold has shoot up.

Second, before investing in gold one should know whether the gold price will sustain at current levels and does it have the potential to go up further.

• As long as the dollar is weak ,uncertainty in the economy and financial crisis (Dubai debt crisis) continues there will interest towards the yellow metal.


• The rising inflation concerns and the awareness in gold investment among the investors to keep the interest alive in the yellow metal show.
  


• Lot of fund action has been seen in the yellow metal through Gold ETF, the gold holding of ETF stands at 7.05 tons and expected to go up further as more and more new investors showing interest toward the yellow metal.


• The central banks buying gold as reserves to keep the interest alive in the yellow metal.

Bloomberg quotes a statement from an influential Chinese official, who has suggested that Chinese central bank increase it gold reserve to 6000 metric tons in the next 3-5 years and possibly to 10000 tons in the next 8-10 years, if the Chinese central bank decides to buy at least 20%, imagine what would be the price of gold in the coming years.

As Chinese central bank moving out of US treasuries to gold, may trigger the gold prices to surge further from the current level.

As per one report the US government holds about 286.9 million Ounces of gold and has printed about $ 1.569 trillion worth of paper dollar, If each dollar were to be backed by gold then that would put the price of gold at $ 5468 an Ounces (source:commodityonline.com) .

The central bank across the globe are diverting their reserve away from dollar due to its weakness and the uncertainty prevailing in the global economy should keep the interest alive in the yellow metal and prices expected to go to the extent of 30%-40% from the current level in the next one year.

If one believes that gold prices will surge in the coming year and decided to invest in gold they should know the various options available to invest in gold.

Apart from the traditional option gold investment such as buying jewelry and gold coins etc., One has to look in for other available options, If you can effort to take some risk and interested in trading then go for newer options such as investing through commodity exchanges and Gold ETF (Exchange Traded Fund)

Investing through a commodity exchange you get leverage for your investment and opting for Gold ETF is to give your investment to be handled by professionals.

In the case commodity exchange you have to open a commodity trading account with a registered commodity brokerage house and then buy gold worth of 8 gms /100 gms / and 1000 gms by paying a up front margin of 5%-8% amount as margin money and hold it till the contract expires or rollover to the next available contract so that you can further carry your positions.

In case Gold ETF, you can buy it from the mutual fund which provide this scheme or directly through the equity brokers terminal the minimum is one unit and this one unit is equal to one gram and you have to make the full payment against the purchase.

My personal view is that one can buy gold on very dips with implement good strategy with the available options

If you have any questions with regard to gold investment option or strategies, please do email me at joerajendran@gmail.com

Market OutLook 04-DEC-2009

On weak global cues market to open slightly lower side with negative bias during the morning session, bounce back can be expected from 5080 levels, and thereafter from the midsession expected to be volatile till the close.

Yesterday nifty opened with a strong notes, but could move above its strong resistance of 5180 and close below 5150 indicating further selling. However nifty can take support at 5080-5070 in the intraday trading today.

For this rally to continue nifty should trade above 5150 levels, now 5080 to be considered as strong support and on the other hand will face resistance as 5180 level a close above 5180 can take nifty to new high in the coning day and in that case nifty can test 5350.

In my view nifty will trade in the range 5020-5350 for the current month, either side break to give a new direction to the market.

Investors are advised to be cautious and take long positions in large caps stocks only if nifty closes above 5180 level, but can look at mid caps stocks even at current levels.

Today in the intraday nifty to trade in the range 5050-5180 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5100/5070/5040 and resistance at 5150/5170 /5190 for the day.

WATCH OUT FOR MID CAP IT STOCK WHICH WHERE MORE ACTIVE IN YESTERDAYS TRADING.

POLARIS,ROLTA,3IINFO,SONATA SOFT,MPHASIS AND PANTI LOOKS GOOD FOR THE DAY EVEN ITS A GOOD BUY FOR SHORT-TERM POINT OF VIEW.

INVESTORS CAN BUY ORIENT PAPERS, TNPL, BILT IN PAPER SPACE WITH SHORT-TERM VIEW.

SELLING CAN BE SEEN IN LARGE CAPS STOCKS SUCH AS ICICI BANK,TATASTEEL AND SBI.

Have a nice trading day.

Market OutLook 03-DEC-2009

On mixed global cues market to open flattish and expected to be range bound with negative bias during the morning session, at higher levels selling is expected for the day, for the rally to continue nifty should hold close above 5150 levels.

Yesterday market opened on a strong note but could not cross the 5170 mark indicating weakness in the market.
Now nifty is range bound with resistance at 5180 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000.

Nifty to trade in the range 5000-5250, either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 5050-5180 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5100/5080/5050/ and resistance at 5140/5180 /5200 for the day.

IN BANKING SPACE DENA BANK, UCO BANK & SYNDICAATE BANK LOOKS GOOD.I
N OIL SAPCE CHENNAI PETRO & IOC LOOKS GOOD.
IN TEXTILE BRFL & CENTURY TEXT LOOK GOOD.
IN REALITY SAPCE UNITECH & IBREAL LOOKS GOOD.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

BFRL > 192 SL 188 TGT 220
CHENNAI PETRO > 221 SL 216 TGT 233
SYNDICATE BANK > 97 SL 94 TGT 104
IDBI > 131 SL 129 TGT 136
RPOWER > 147 SL 144 TGT 152

Have a nice trading day.

Market OutLook 02-DEC-2009

On strong global cues market to open slightly at higher levels with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5180-5200 levels.

Yesterday market opened on a strong note and remained on the higher side for the entire day and managed to cross the 5120 level indicating further strength in the market.

As nifty closed well above the support level of 5120, now can test 5350 provided its holds the 5180 levels for the next two trading sessions.

Now nifty is range bound with resistance at 5200 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000.

Nifty to trade in the range 5080-5180,either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 5050-5220 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5100/5080/5050/ and resistance at 5150/5180 /5220 for the day.

IN FERTILIZER SAPCE CHAMBAL, TATACHEM & NAGARJUNA FERT LOOKS GOOD.
IN HOSPITALITY SPACE HOTEL LEELA AN INDIAN HOTEL LOOKS GOOD.
IN BANKING SPACE DENA BANK, UCO BANK & SYNDICAATE BANK LOOKS GOOD.
IN OIL SAPCE CHENNAI PETRO & IOC LOOKS GOOD.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

BFRL > 192 SL 188 TGT 220
CHENNAI PETRO > 221 SL 216 TGT 233
HOTEL LEELA >42 SL 40.5 TGT 50
JP HYDRO >76 SL 74 TGT 81
NOIDA TOLL >42 SL 39 TGT 48

Have a nice trading day.

Market OutLook 01-DEC-2009

On mixed global cues market to open slightly higher levels with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold and close above 5050 levels.

Yesterday nifty opened with a strong notes and further buying emerged due to the improved GDP figures and thereafter nifty traded at higher levels throughout the day.

For this rally to continue nifty should trade above the 5050, now 4980 to be considered as strong support and on the other hand will face resistance as 5120 level, in my view face selling pressure to emerge at higher levels and can test 4750 level in the coming days and on the other side if nifty cross above 5120 then can test 5300 in the next few trading sessions.

Investors are advised to be cautious till the clear picture emerges.

Nifty to trade in the range 4750 – 5120 for the next few trading sessions, either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 4980-5120 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5010/4980/4950 and resistance at 5070/5100 /5120 for the day.

IN METAL SPACE TATASTEEL, JSW & SAIL CAN BE BOUGHT ON DIPS
IN IT SPACE TCS, NIIT TECH, POLARIS CAN BE BOUGHT ON DIPS

Have a nice trading day.

Market OutLook 30-NOV-2009

On mixed global cues market to open slightly higher levels with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5000 levels.

Friday nifty corrected on Dubai crisis ad bounced back from the its support level of 4800 levels, now 4800-4788 to be considered as strong support and on the other hand will face resistance as 5000 level in my view face selling pressure at higher levels and can test 4750 level in the coming days.

Investors are advised to book profits today at higher levels to re-enter at 4750 levels.

Nifty to trade in the range 4750 – 5050 for the next few trading sessions, either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 4920-5010 levels, either side break to give a new direction to the market.

Technically nifty can take support at 4920/4880/4800 and resistance at 4980/5010 /5050 for the day.

Due to the Dubai crisis infra, capital goods, gems & jewelry and reality to come under selling pressure at higher levels.

THE FOLLOWING SECTORS TO COME UNDER SELLING PRESSURE DUE TO THE DUBAI CRISIS.

Nagarjuna Construction, L&T, Rajesh Exports & Voltas.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

HOTEL LEELA > 39.5 SL 38 TGT 43
PANTALOON RETAIL >343 SL 331 TGT 360

Have a nice trading day.

market OutLook 25-NOV-2009

On mixed global cues market to open flattish with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5080 levels.

Yesterday nifty closed well above the support level of 5080 indicating strength in the market but ahead of F & O settlement one has to be cautious at higher levels.

Now nifty is range bound with resistance at 5150 and support at 5020 levels, one can take positions in small lots with a stop loss of 5000.

Till the F & O settlement nifty to trade in the range 4950-5180, either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 5080-5120 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5050/5020/5000/ and resistance at 5120/5150 /5180 for the day.

IN BANKING SPACE DENA BANK,SYNDICATE BANK & ANDHRA BANK TO BE ACTIVE.
IN IT SPACE NIIT TECH, POLARIS & HEXAWARE TO BE ACTIVE.
IN FERTILIZER SPACE CHAMBAL & TATA CHEM TO BE ACTIVE

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

BFRL > 192 SL 188 TGT 220
SRF > 188 SL 184 TGT 200
TATACHEM > 288 SL 281 TGT 310
SAIL > 198 SL 194 TGT 215
GDL >131 SL 128 TGT 141
SYNDICATE BANK >97 SL 93 TGT 104

Have a nice trading day.

Market Outlook 24-NOV-2009

On mixed global cues market to open flattish with positive bias during the morning session, Selling is expected in the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5080 levels.

Yesterday nifty broke the resistance of 5080 and closed above 5100 indicating strength in the market but ahead of F & O settlement one has to be cautious at higher levels and our market is more influenced by the global cues these days.

Now the entire trend looks up and any decline should be treated as a buying opportunity, in between some correction will be there due to global cues.

Till the F & O settlement nifty to trade in the range 4950-5180,either side break to give a new direction to the market.

Today in the intraday nifty to trade in the range 5080-5120 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5080/5050/5000/ and resistance at 5120/5150 /5170 for the day.

IN PHARMA SPACE CIPLA, DIVIS LAB & BIOCOM TO BE ACTIVE.
IN IT SPACE NIIT TECH, POLARIS & HEXAWARE TO BE ACTIVE.
IN TEXTILES ROYMONDS, ARVIND MILL & BRFL TO BE ACTIVE.
IN CEMENT SPACE INDIA CEMENT, MADRAS CEMENT & PRISM TO BE ACTIVE.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

INDIA CEMENT >105 SL 102 TGT 112
BFRL > 198 SL 192 TGT 220
MADRAS CEMENT >110 SL 107 TGT 118
NIIT TECH > 159 SL 157 TGT 168
GODREJ IND > 199 SL 194 TGT 210
BERGER PAINT > 63 SL 60 TGT 70

Have a nice trading day.

DSP BLACKROCK GLOBAL MINING FUND :

A TRULY GLOBAL INVESTMENT OPPORTUNITY

The DSP BLACKROCK mutual fund is launching a new fund offer in the form of World Mining Fund; it’s an open-ended fund of fund (FOF).

This fund will be investing in the units of BlackRock Global-World Mining Fund, which in turn invests in equity of top class mining and metal companies such as Iron Ore, Copper, Aluminum, Energy Coal, metallurgical Coal, Gold, Nickel and Platinum.

The sectorial exposure of this scheme will be in Diversified - 35%, Gold - 15%, Copper - 15%, Platinum - 7%, Coal - 5%, Aluminum - 1% and the balance in remaining commodities and the Geographic weightage are UK - 35%, USA - 25%, SOUTH AFRICA - 10%, CANADA - 9%, AUSTRALASIA - 8%,

LATIN AMEERICA - 3%, EUROPE-EX UK - 3%, CHINA-1%.

The main theme of this scheme is to benefit from the sustainable rise in the commodities prices as the commodities prices are directly related to the growth of the economy and as we see the global macro situation improving which will lead to growth in GDP, the forecasted global GDP growth in 2010 is at 3.3% which will raise the commodity demand across the global by then.

The urbanization in Asia is at a rapid pace which will trigger the demand of commodities and is expected to be double in the year 2030 from now.

The rapid pace of urbanization and industrialization will lead to material intensive growth and in turn to increase the demand for commodities and on the other hand the supply –side constraints to increase the price of commodities.

BGF-WORLD MINING FUND PERFORMANCE:

This is one of the largest funds in its category in the world and has a long-term performance track record.

• Launch in 1997


• Asset Under Management (AUM) appox US $ 11.5 bn (INR 53769 cr.)


• AAA rate from S & P Fund Research


• Elite rate from Morning star

Return	1 Year	3 Years	5 Years	Since Inception
BGF-WORLD MINING FUND	71.1%	5.7%	19.3%	17.8%

In India the performance of DSP BLACKROCK has been very impressive though they have a very conservative style of investment philosophy, The fund house has one 5-star, five 4-star, five 3-star and three 2-star rated funds from Value Research.

The world mining fund scheme theme argues well when the macro situation of the global economy is improving, DSPBR has always has the history of introducing innovative scheme at right time and their previous similar scheme such as the Gold Fund and the Natural Resource fund has given good return to the investors.

As the global economy is reviving this scheme is worth investing and will be suitable for a conservative investor who is looking for a global investment opportunity and diversification of his portfolio across the asset class with a long-term view of 2-3 year from now.

DSP BLACKROCK WORLD MINING FUND SCHEME FEATURES:

SCHEME	Open ended international fund of fund
OFFER DATE	23-11-2009 TO 18-12-2009
MINIMUM AMOUNT	Rs 5000 and multiples of Re 1
OPTIONS	Growth & Dividend (Pay-out & Reinvestment)
LOAD	Entry Load – Nil Exit Load Holding <> Holding >= 12 months - Nil

Market outLook 23-NOV-2009

On mixed global cues market to open lower with negative bias during the morning session, if nifty trades below 5020 level then further weakness is expected in the market.

On Friday nifty pulled back from the 4920 levels and broke all the resistance level of the day. Looks as if the correction is halted at this level and attempting to touch the 5200 level, this will happen only when nifty trades above the 4900 level.

Now the entire trend looks up and any decline should be treated as a buying opportunity, in between some correction will be there due to global cues.

Today in the intraday nifty to trade in the range 5020-5080 levels, either side break to give a new direction to the market.Technically nifty can take support at 5020/4980/4950/ and resistance at 5070/5090 /51200 for the day.

IN BANKING SPACE DENA BANK, VIJAYA BANK & ANDHRA BANK TO BE ACTIVE FOR THE DAY.
IN MEDIA SPACE NDTV & TVTODAY TO BE ACTIVE FOR THE DAY.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
IDBI >128 SL 125 TGT 136
DENA BANK >81 SL 78 TGT 88
ANDHARA BANK >123 SL 121 TGT 131

Have a nice trading day.

Market OutLook 20-NOV-2009

On weak global cues market to slightly lower with negative bias for the morning session of trading and thereafter from the lower levels pull back is expected during the midsession if nifty holds above 4900 level.

Yesterday nifty traded weak and was unable to hold at higher levels but closed below well above the 5000 mark indicating further weakness. Overall the market looks weak for now with a strong support at 4910 levels, Yesterday nifty did touch 4960 levels but did not breach the 4950, in case today if nifty breaks the 4950 then can test 4900 levels which the strong support level.

If nifty closes below 4900 then don’t remain long in the market as nifty can test the 4800 mark in the coming days.

The Present correction will give an opportunity to buy some movementum good stocks like ROLTA, POLARIS TATAMOTORS, ANDHRA BANK & DENA BANK

Today in the intraday nifty to trade in the range 4910-5000 levels, either side break to give a new direction to the market.

Technically nifty can take support at 4940/4910/4850/ and resistance at 4980/5000 /5050 for the day.

THE FOLLOWING STOCKS CAN BE SOLD FOR SHORT-TERM GAINS.
UNTITECH < 81 SL 84 TGT 75
RNRL < 71 SL 74 TGT 65
Have a nice trading day.

Market OutLook 19-NOV-2009

On mixed global cues market to open flattish with negative bias for the morning session of trading and thereafter pull back is expected from the lower levels during the midsession, one has to be cautious at higher levels for intraday.

Yesterday nifty traded weak and was unable to hold at higher levels but closed well above the 5050 mark. Overall the market looks weak for now with a strong support at 5000 levels, Yesterday nifty did touch 5070-5080 levels several times but was unable to breach it suppose today if it is able to sustain above that level then nifty can test the 5150 levels.

If nifty closes above 5000 one can stay invested in the market. A break below this level can drag the nifty to the extent of 4950 levels today.Nifty has strong support at 5000-4980 levels, based on yesterday’s trade if nifty crosses above the 5100 level today then can test 5150 in the next two days and in this week itself nifty has the potential to test 5180-5200 levels. Today in the intraday nifty to trade in the range 4990-5080 levels, either side break to give a new direction to the market.Technically nifty can take support at 5020/5010/4990 and resistance at 5080/5090 /5120 for the day.I

N OIL & GAS SPACE CHENNAI PERTO, GAIL & PERTRO NET LOOKS GOOD.
IN METAL SAIL, TATASTEEL AND JSW LOOKS GOOD.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

GTL INFRA >31 SL 30 TGT 37
GMR INFRA >68 SL 65 TGT 71
UCAL FUEL >63 SL 60 TGT 76
GULF OIL >102 SL 97 TGT 110

Have a nice trading day.

Market OutLook 18-NOV-2009

On mixed global cues market to open flattish with negative bias for the morning session of trading and thereafter pull back is expected from the lower levels during the midsession, one has to be cautious at higher levels for intraday.

Yesterday nifty traded weak and was unable to hold at higher levels but closed well above the 5050 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5200 mark now with minor intraday correction with a strong support of 4980 level.

If nifty closes above 5000 one can stay invested in the market.

Nifty has strong support at 5000-4980 levels, if nifty crosses above the 5070 level today then can test 5150 in the next two days and this week nifty has the potential to test 5180-5200 levels.Today in the intraday nifty to trade in the range 4980-5070 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5040/5010/4980 and resistance at 5070/5090 /5120 for the day.

IN OIL & GAS SPACE CHENNAI PERTO, MRPL & ONGC LOOKS GOOD.
IN CHEMICAL & FERTILIZER CHAMBAL, TATACHEM & DCW LOOKS GOOD.
IN METAL SAIL, TATASTEEL AND JSW LOOKS GOOD.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS .
SUZLON >71 SL 70 TGT 78-81
RUCHI SOYA >88 SL 84 TGT 97
SAIL >188 SL 184 TGT 200
GUJ.NRE >68 SL 65 TGT 76
PRAJ >94 SL 91 TGT 102
POLARIS > 178 SL 174 TGT 185

Have a nice trading day.

Market OutLook 17-NOV-2009

On strong global cues market to open slightly at higher levels and to hold the higher levels for the day with some volatility during the midsession but overall market looks bullish for the day.

Yesterday nifty closed above the 5050 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5200 mark now with minor intraday correction with a strong support of 4980 level.

Nifty has strong support at 5000-4980 levels, If nifty crosses above the 5080 level today then can test 5150 in the next two days and this week nifty has the potential to test 5180-5200 levels.

Today in the intraday nifty to trade in the range 4980-5080 levels, either side break to give a new direction to the market.

Technically nifty can take support at 5040/5010/4980 and resistance at 5060/5080 /5120 for the day.

IN BANKING SPACE INDIAN BANK, DENA BANK AND DCB LOOKS GOOD.
IN POWER TATA POWER, RPOWER AND GVK POWER LOOKS GOOD.
IN OIL & GAS ONGC AND PERTO NET LOOKS GOOD.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 5000 LEVELS.

RCOM > 178 SL 174 TGT 186
ANSAL INFRA > 71 SL 68 TGT 86
SUZLON >71 SL 70 TGT 78-81
RUCHI SOYA >88 SL 84 TGT 97

Have a nice trading day.

Market OutLook 16-NOV-2009

On strong global cues market to open at higher levels and to hold the higher levels for the day, some kind of selling may emerge during the midsession but over market looks bullish for the day.

On Friday nifty closed very close to 5000 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5150 mark with minor intraday correction.

Nifty has strong support 4960-4940 levels, If nifty holds above the 5030 level today then can test 5100 in the next two days and this week nifty has the potential to test 5180-5200 levels.

Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.

I have advised to book partial profits those who have booked profit can re-enter if nifty holds above 5000 levels.

Technically nifty can take support at 4980/4940/4900 and resistance at 5020/5040 /5080 for the day.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 5000 LEVELS.

RCOM > 175 SL 165 TGT 186
TATA STEEL >521 SL 512 TGT 540
ISPAT >21 SL 20 TGT 24
ESCORTS >110 SL 105 TGT 121
TVTODAY >102 SL 97 TGT 115

Have a nice trading day.

Market OutLook 13-NOV-2009

On weak global cues market to open down and expected to be volatile during the morning session of trading and thereafter can bounce back from the lower levels in the second session of the day.

Yesterday nifty corrected ,but still holds its support level of 4900, Today the 4900 mark should be the strong support level, If nifty breaks the these level then can test the 4780 levels in the next few trading sessions and thereafter it can bounce back to 5100 levels.

Till the F&O settlement nifty to trade in the range 4780-5150 level and expected to be volatile till then. Also like to inform you that a break below 4780 can further weaken the nifty to the extent of 4500.

Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.

Yesterday I have advised to book partial profits those who have booked profit can re-enter at 4900 levels.

Technically nifty can take support at 4920/4900/4850 and resistance at 4980/5000/5050 for the day.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 4900 LEVELS.

NIIT TECH @131 SL 128
IDBI@118 SL 112
IFCI @ 44 SL 41
ASHOK LEYLAND @50 SL 47
VOLTAS @ 155 SL 152

Have a nice trading day.

Market OutLook 12-NOV-2009

On mixed global cues market to open flattish note and expected to be volatile during the morning session of trading and thereafter will take the direction according to the release of the IIP data from the midsession.

Yesterday nifty breached its strong resistance 4950 levels and continued to move on the upper side and closed above the 5000 mark and hope will continue to do so till 5100 mark, But one has to be cautious due to the IIP data releasing today and I advise to book partial profits once the market opens today in the morning sessions itself.

Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.

Technically nifty can take support at 4980/4950/4850 and resistance at 5020/5050/5100 for the day.

IN BANKING SPACE DENA BANK, IDBI BANK UCO BANK TO BE ACTIVE FOR THE DAY.
IN IT SPACE INFOSYS, NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

NIIT TECH >144 SL 140.5 TGT 156
DCB >38 SL 37 TGT 44
SCI >152 SL 148 TGT 165
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56

Have a nice trading day.

Market OutLook 11-NOV-2009

On mixed global cues market to open flattish note and to trade on the positive side during the morning session of trading and thereafter at higher levels some kind of selling pressure can be expected during from the second session of trading.

Yesterday nifty reacted from its strong resistance level of 4950 and could not sustain that level, As long as the trend is up nifty can test 5150 levels before reaching that level there could be small reaction to the extent of 4780, A close below this level can drag the nifty to 4550 levels.

One can be long in the market with a stop loss of 4780 levels.

Today in the intraday nifty to trade in the range 4820-4920 levels, either side break to give a new direction to the market.

Buy on dips will be the best strategy in the market condition for the next few trading sessions.

IN PHARMA SPACE ORCHID AND NATCO TO BE ACTIVE FOR THE DAY.IN IT SPACE NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56

Have a nice trading day.

Maret OutLook 10-NOV-2009

As the US market ended on the higher side and the Asian markets too on the positive side, Our market to open on firm note and to trade on the positive side during the morning session of trading and thereafter at higher levels some kind of selling pressure can be expected during last hour of trading for the day.

Yesterday’s pull shows strength in the market, If nifty today trades above the 4920 then can test 4950-4980 in the morning session itself, for the rally to continue further nifty should close above 4980 to test the 5150 mark in the next few trading sessions, A close below 4850 to weaken the nifty to 4720 levels.

Today in the intraday nifty to trade in the range 4850-4980 levels, either side break to give a new direction to the market.

Buy on dips will be the best strategy in the market condition for the next few trading sessions.

In yesterday’s trading the Banking, Hotel, IT & FMGC sectors performed well and I expect the same sector to do well in today’s trading too.

Activity was seen in Large & Small Pharma stocks and Auto ancillary stocks.

IN PHARMA SPACE DIVIS LAB’S AND NATCO TO BE ACTIVE FOR THE DAY.
IN IT SPACE NIIT TECH, POLARIS & 3IINFO TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.

NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 69 SL 67.5 TGT 74

Have a nice trading day.

Market OutLook 09-NOV-2009

On positive global cues market to open flattish with positive bias during the morning session of the trading, Selling is expected in the midsession and likely to continue for the day with some volatility for the day, Overall market should close on a positive note.

On Friday nifty did manage to close above the 4790 levels, but could not sustain at higher levels, Even in today’s trading nifty should hold the Friday closing for the uptrend in the market to continue.

Suppose today nifty closes above 4850 for the next two trading sessions then nifty can test 5100 in the coming days.

Nifty to trade in the range 4750-4830, either side break to give a new direction to the market.

Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.

IN IT SPACE NIIT TECH, FSL, 3IINFO & POLARIS TO BE ACTIVE FOR DAY.

IN MEDIA SAPCE NDTV & TV-18 TO BE ACTIVE FOR THE DAY

IN HOTEL SPACE INDIAN HOTELS,HOTEL LEELA & VICEROY TO BE ACTIVE FOR THE DAY.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
BUY NIIT TECH > 137
BUY 3IINFO > 87

Have a nice trading day.

Martket OutLook 06-NOV-2009

On positive gap up and to be positive during the morning session of the trading, Selling is expected in the midsession and likely to continue for the day with some volatility for the day, Overall market should close on a positive note.

Yesterday nifty made a remarkable recovery from the lower levels, its seems now nifty has a strong support at 4600 levels, Today if nifty sustains above 4790 levels for the next two trading then the rally to continue further till 5100 levels in the coming days.

Nifty to trade in the range 4680-4790, either side break to give a new direction to the market.

Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.

IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.

IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.

PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141
GMR INFRA >63

Have a nice trading day.

MMarket OutLook 05-NOV-2009

On mixed global cues market to open flattish with negative bias during the morning sessions and can take support at lower levels in the midsession and thereafter expected to be volatile with positive bias for the day.

As nifty has taken support at 4560 levels and yesterday it has bounces back sharply till 4700 levels and today may face a strong resistance at 4740 levels a close above 4750 level can take the nifty to 4900 levels in the coming days, before reaching the 4900 levels a small correction is expected till 4600 levels.

Investor can be long with a stop loss of 4560 levels.

Technically nifty to have support at 4650/4620/4580 and resistance at 4720/4740/4790 for the day.

IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.
IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.

PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141

Have a nice trading day.

Market OutLook 04-NOV-2009

On global cues market to open gap up and to trade range bound during the morning session and thereafter in the second session at higher level selling pressure to emerge with high volatility.

Since the market is in over sold zone some kind of bounce back is expected today, but at higher levels selling pressure to emerge and nifty to face tough resistance at 4690-4720 levels, however in the morning session if nifty trades above the 4620 then the rally will strengthen and nifty can the 4700 level.

Long-term investors are advised to wait for another two trading sessions before taking any long positions, If at all they want to take some position they can buy SABERO ORGANICS,IFB IND, PSL HOLDING, HOTEL LEELA, 3IINFO, SUBEX, INSECTICIDES ,ISPAT IND, NDTV & INTERNATIONAL TRAVEL HOUSE for long-term .

IN TECHNOLOGY SPACE INFOSYS , TCS & WIPRO TO BE ACTIVE FOR THE DAY.
IN AUTOMOTIVE SPACE TATAMOTORS ,ASHOK LEYLAN & MARUTI TO BE ACTIVE FOR THE DAY.
IN PHARMA SPACE SUN PHARMA, DIVI’S LABS & BIOCON TO BE ACTIVE FOR THE DAY.

POSITION CAN BE TAKEN IN THE FOLLOWING STOCKS FOR SHORT-TERM.
IDBI > 106 SL 102 TGT 112
ICSA >157 SL 155 TGT 165
FSL >30 SL 29 TGT 34

Have nice trading day.

Market OutLook 03-NOV-2009

On global market to open weak with a negative bias for the morning session and thereafter expected to be volatile for the second session with a positive bias.

On Friday nifty did breached the 4700 and bounce back and closed above the 4700 market, if nifty breaks 4680 then selling pressure the intensify and then nifty can test 4620 levels for the day, On the other hand if nifty trades above 4720 a pullback rally can be seen to the extent of 4790 for the day itself.

However I feel that nifty should not close below the 4700 levels in short-term, if breaks then can test the 4400 in the coming days with a support in between at 4570 levels.

IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE WEAK FOR THE DAY.
IN REALITY SPACE DLF, UNITECH AND HDIL TO BE WEAK FOR THE DAY.
IN BANKING SPACE IDBIBANK, IDFC AND IFCI TO BE WEAK FOR THE DAY.

FOLLOWING STOCKS CAN BE SOLD FOR SHORT-TERM.

SUZLON < 68 SL 71 TGT 56
Have a nice trading day.

Market OutLook 30-OCT-2009

Yesterday nifty did touched almost it’s support level at 4730 and then moved up sharply, but however closed at lower side, today due to the strong global cues market to test higher levels, Investors with long-term view can invest 30% at current levels, if the market touches 4400 levels the balance can be invested.

However I feel that nifty should not break the 4700 levels in short-term, if breaks then can test the 4400 in the coming days.

IN PHARMA SPACE DR.REDDY, RANBAXY AND ORCHID TO BE ACTIVE FOR THE DAY
IN BANKING SPACE IDBIBANK, IDFC AND IFCI TO BE ACTIVE FOR THE DAY

THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
RCOM > 192 SL 188 TGT 210
SUZLON >72 SL 68 TGT 81
VOLTAS >156 SL 152 TGT 165
DR.REDDY LAB >1023 SL 1010 TGT 1045
PANAMA PETRO >131 SL 126 TGT 141
PRISM CEMENT >42 SL 40.5 TGT 52
ICSA >192 SL 188 TGT 220

Have a nice trading day.

Market OutLook 29-OCT-2009

Nifty has broken all its support levels and on global cues even today market will be under selling pressure, A lot of buying opportunity will be available for the investors in the coming days.

Nifty to have support at 4720-4700, if holds bounce is expected or else nifty can test 4560 levels in the next few trading sessions.

Investor can start buying at 4560 levels for long term gains.

Market OutLook 28-OCT-2009

On global cues gap down open is expected in the market in the morning session of trading and from the lower levels bounce back is expected in the mid-session and thereafter it will be volatile for the day.

Nifty to have support at 4814 which is the 50 DMA for nifty, If breaks 4810 levels then nifty can test 4785 level for the day itself. A close below 4750 can drag the nifty to 4560 levels in the next few trading sessions, if nifty holds the 4750 levels a bounce is expected in the market.

Yesterday nifty closed below 4900 which indicates further weakness in the market, traders can watch for 4790 level to go long for the day else further sell -off is expected.
Long-term investors are advised to wait for next 1-2 trading sessions before entering in the market.

IN BANKING SPACE FUTHER SELL-OFF IS EXPECTED
IN CAPITAL GOODS SPACE FURTHER SELL –OFF IS EXPECTED
IN PHARMA & FMGC SPACE LONG POSITION CAN BE CONSIDERED

Further sell-off is expected in the following stocks.

IDBI sell below 120 with a stop-loss of 123 for a tgt of 112
ANDHRA BANK sell below 110 with a stop-loss of 112 for a tgt of 102
DENA BANK sell below 66 with a stop-loss of 68 for a tgt of 62

Have a nice trading day.

Market OutLook 27-OCT-2009

On global cues market to open lower and volatility is expected in the first hour of trading and the midsession to be range bound and there after the take the direction once the RBI monitory policy is announced, the policy should be balanced and hike in interest is not expected.

Yesterday nifty closed well below the 5000 mark and at current levels traders are very cautious and are winding up their long positions, The 4900 is the levels to be watched for the day where nifty has a strong support a closed below 4900 can drag the nifty to 4800 levels in the next few trading sessions, However we expect a bounce from the 4920-4900 levels.

Nifty to trade in the range 4920-4988,either side break to give a new direction to the market, A close above 5020 can take the nifty to 5250 levels in short-term and on the other hand a close below 4900 can drag the nifty to 4790 levels in the coming days. Nifty to have support at 4940/ 4920/ 4890 and resistance at 4988/5010/5080 for the day.


The following stocks technically look weak in the short-term.

SELL IFCI BELOW 52 & SELL UNITECH BELOW 91

Have a nice trading day.

Market OutLook 26-OCT-2009

On mixed global cues market to open at slight higher levels and to remain range bound during the morning session and there in the second session volatility is expected with a positive bias for the day and at higher levels selling pressure to emerge.

On Friday nifty reacted from the higher levels but unable to sustain at higher levels and at the same time did not break its strong support of 4950 levels Today if nifty holds above 5012 fresh rally can be seen till 5080 levels and on the other hand if breaks 4970 levels then can test 4930 levels in the intraday and thereafter a reversal can be seen from the lower levels.

Nifty to trade in the range 4920-5012,either side break to give a new direction to the market, A close above 5080 can take the nifty to 5200 levels in short-term and on the other hand a close below 4900 can drag the nifty to 4790 levels in the coming days. Nifty to have support at 4970/ 4940/ 4905 and resistance at 5012/5050/5080 for the day.

IN PHARMA SPACE DIVI’S LAB, DR.REDDY AND ORCHID TO BE ACTIVE
IN FMGC SPACE DABUR, ITC AND BATA TO BE ACTIVE
IN BANKING SPACE SYNDICATE BANK, INDIAN BANK AND DENA BANK TO BE ACTIVE

The following stocks technically good for medium term.

INSECTICIDES >81, DABUR >152, IDBI > 131, SATYAM >112, GEOJIT >42, ITC >267

Have a nice trading day.

Market OutLook 22-OCT-2009

On global cues market to open sluggish note with negative bias during the morning session of trading and thereafter in the second session some kind of bounce is expected in the market.

Yesterday nifty closed in the negative zone and the FII were net seller for the past two days,Howerver nifty did not break its strong support level 5020-5000 levels and even in todays trade this level will be considered as strong support and can reverse from the 5010 levels.

Nifty to trade in the range 5000-5080 levels,either side break to give new direction the market, if nifty trades below 5000 then can test 4900 levels in the coming days and if closes above 5080 can take nifty to 5180 levels in the next few trading sessions.

nifty to have support at 5020/5000/4980 and resistance at 5080/5120/5180 for the day.

For short-term

Buy KFA > 56, SICAL >71 AND NOIDA TOLL > 44.

Have a nice trading day.

Market OutLook 20-OCT-2009

On positive global cues market to open at higher levels and to remain range bound during the morning session and there in the second session volatility is expected with a positive bias for the day and at higher levels selling pressure to emerge.

On muhurat day even though closed in the negative zone but it did closed above the 5100 level mark which indicates further stream left in the market. If nifty trades above the 5080 mark then it can test 5300 levels in the coming days.
Nifty to trade in the range 5120-5180 levels, either side break to give a new direction to the market, A close above 5180 can take nifty to 5300 in short-term and a close below 5080 to drag the nifty to 4950 levels in the coming days, Nifty to have support at 5120/5100/5070 and resistance at 5180/5220/5250 for the day.

IN BANKING SPACE ALLAHABAD BANK, CENTRAL BANK AND IDBI TO BE ACTIVE FOR THE DAY.

IN FERTILIZER SPACE CHAMBAL FERT, NAGARJUNA FERT AND TATACHEMICAL TO BE ACTIVE FOR THE DAY.

IN TELECOM SPACE BHARTI & IDEA TO BE ACTIVE FOR THE DAY.

NEWS COUNTERS FOR THE DAY
RELIANCE GROUP SHARES AND NTPC

The following stocks technically good for medium term
IDBI > 137, RAYMONDS > 199, NOIDA TOLL > 42,KTK BANK > 154, CHAMBAL FERT > 56, NIIT TECH >131

Have a nice trading day.

Market OutLook 15-OCT-2009

On positive global cues market to open at higher levels thereafter to be range bound during the first hour of trading and in the second session volatility is expected for the day and at higher levels selling pressure can emerge.

Yesterday nifty has crossed the 5100 level comfortably and has closed well above that level to its strong resistance of 5120 levels. Dow has closed above 10000 levels and FII being net buyers for the last two trading sessions has changed the sentiment to bullish and now nifty can test 5250-5300 in the next few trading sessions and to happen this it has to trade above the 5150 levels for the day. Today 50 points fall in nifty will a buying opportunity for the days.

Nifty to trade in the range 5050-5150 levels, a break below either side to give a new direction to the market, A close above 5150 can take nifty to 5250-5300 levels in the coming days and a close below 4950 to drag the nifty to 4790 in the coming days, Nifty to have support at 5080/5050/5010 and resistance at 5150/5180/5210 for the day.

IN OIL SPACE RELIANCE, ONGC &CAIRN INDIA TO BE ACTIVE FOR THE DAY
IN HOTEL SPACE HOTEL LEELA & INDIAN HOTELS TO BE ACTIVE FOR THE DAY
IN INFRA SPACE GMR INFRA, PUNJ & NAGARJUNA CONSTRUCTION TO BE ACTIVE FOR THE DAY
IN FERTILIZER SPACE CHAMBAL & NAGARJUNA FERTILIZER TO BE ACTIVE FOR THE DAY
IN POWER SPACE REC & POWER GRID TO BE ACTIVE FOR THE DAY

New Counters for the day

Buy Oil sector stocks Reliance industries & cairn India.

The following stocks technically good for medium term
GMR INFRA >74, NAG CONT > 178, ASHOK LEYLAND > 42, ESCORT > 112, CAIRN INDIA >278, PRAJ IND >102

Have a nice trading day.

Market OutLook 14-OCT-2009

On global cues market to open higher levels and thereafter to be range bound during the morning session and there in the second session volatility is expected with a positive bias during the day and at higher levels selling pressure to emerge.

Monday nifty reversed and made a huge move from the lower levels and closed well above 5000 levels, Today nifty to face resistance at 5100 levels and then at 5120 levels which will be a selling opportunity with a stop loss of 5150 levels and above this level it can test 5300 in the coming days, support is at 5000 and then 4950 below this it can test 4790 as said earlier and this will be a buying opportunity.

Nifty to trade in the range 4980-5120 levels, a break below either side to give a new direction to the market, A close above 5100 can take nifty to 5300 levels in the coming days and a close below 4950 to drag the nifty to 4790 in the coming days, Nifty to have support at 5020/5000/4950 and resistance at 5080/5120/5150 for the day.

IN POWER SPACE- ADANI POWER, RPOWER & POWER GRID TO BE ACTIVE FOR THE DAY.

IN METAL SPACE -TATASTEEL & ISPAT TO BE ACTIVE FOR THE DAY.

IN BANKING SPACE-DENA BANK, SYNDICATE BANK & KTK BANK TO BE ACTIVE FOR THE DAY

IN TELECOM SPACE-BHARTI & IDEA CAN BE BOUGHT ON DIPS FOR LONG TERM.

New Counters for the day

Buy Reliance Group stocks to be in demand to due to patch up between the two brothers and power stocks to be in demand due to India Bull’s IPO.

The following stocks technically good for medium term
IDBI > 133, RAYMONDS > 199, ESCORT >102 and KTK BANK >134, DENABANK>68, HOTEL LEELA >40, ISPAT >24

Have a nice trading day.

Market OutLook 12-OCT-2009

On mixed global cues market to open flattish and to be range bound during the morning session and there in the second session volatility is expected with a negative bias, during the day at higher levels selling pressure to emerge.

Yesterday nifty closed below 5000 levels, As nifty has broken the first support of 4950 and has closed below look nifty losing its strength, In spite of the positive new from reliance and good corporate result nifty is unable to hold the higher levels, traders has to be cautious and book profits and to re-enter at lower levels around nifty 4800 in the next few trading sessions. If nifty closes below 4900 then further sell-off is expected in the coming days. A close above 5000 only will be a positive trigger for the nifty.

Nifty to trade in the range 4900-5000 levels, a break below either side to give a new direction to the market, A close above 5000 can take nifty to 5100 levels in the coming days and a close below 4950 to drag the nifty to 4790 in the coming days, Nifty to have support at 4900/4880/4820 and resistance at 4980/5020/5050 for the day.

In POWER SPACE ADANI POWER, RPOWER & NHPC to be active for the day.
In PHARMA SPACE DISHMAN & ORCHID to be active for the day.
In TELECOM BHARTI & IDEA can be bought on dips for long-term point of view.

New Counters for the day
Buy Reliance industries on decline and power stocks to be in demand due to India Bull Power IOP
The following stocks technically good for medium term
IDBI > 133, RAYMONDS > 199, ESCORT >102 and KTK BANK >134,

Have a nice trading day.

Market OutLook 09-OCT-2009

On global cues market to open at higher levels and to trade at higher levels during the morning session and there after expected to be volatility in the second session of for day, however at higher levels selling pressure to emerge.

Yesterday nifty closed marginally above 5000 levels ,Today Infosys result to show new direction the to the market nifty has a strong support at 4950 and overall looked as losing its strength, if holds above 5050 we can a rally up to 5100. At higher levels it will be make sense to book partial profits, if closed above 5100 further rally to continue till 5250 in the coming days.

Nifty to trade in the range 4950-5050 levels, a break below either side to give a new direction to the market, A close above 5100 can take nifty to 5250 levels in the coming days and a close below 4950 to drag the nifty to 4790 in the coming days, Nifty to have support at 4970/4950/4910 and resistance at 5030/5080/5120 for the day.

In IT SPACE INFOSYS & TCS to be active for the day.
In PHARMA SPACE DR.REDDY & ORCHID to be active for the day.
In TELECOM BHARTI & RCOM a technically pull back rally is expected from the lower levels.

New Counters for the day
Buy Infosys due to better guidance

The following stocks technically good for medium term
ASHOK LEYLAND>42, NEYVELI > 137, REC > 210, IDBI@123 , DCB @36, IDFC@152 , GTL INFRA @39, ISPAT@24 , RCOMM@267, Rpower @ 165

Have a nice trading day.

Market OutLook 08-OCT-2009

On mixed global cues and the bonus news on reliance industry, market to open at higher levels and to trade at higher levels during the morning session and there after expected to be volatility in the second session of the day, however at higher levels selling pressure to emerge.

Yesterday nifty closed marginally above its s first support level but sustained above 4950 and overall looked as losing its strength but today due to RIL bonus announcement to improve the market sentiment and if holds above 5030 level then can test 5100 today itself. At higher levels it will be make sense to book partial profits, if closed above 5100 further rally to continue till 5250 in the coming days.

Nifty to trade in the range 4950-5050 levels, a break below either side to give a new direction to the market, A close above 5100 can take nifty to 5250 levels in the coming days and a close below 4950 to drag the nifty to 4790 in the coming days, Nifty to have support at 4920/4950/4980 and resistance at 5030/5080/5120 for the day.

In SUGAR space BAJAJHIND & BALRAMPURCHINNI to be active for the day.
In INFRA space GMRINFRA & NAGARJUNA CONTRUCTION to be active for the day.
In Telecom a technically pull back rally is expected, sell at higher levels.

News Counter for the day
Buy reliance and hold it for two days and then sell.

The following stocks technically good for medium term
GMRINFARA@ 71 , IDBI@123 , DCB @36, IDFC@152 , GTL INFRA @42, ISPAT@25 , RCOMM@267, Rpower @ 165 & BALARAMPUR CHINNI >131, VIDEOCON >240

Have a nice trading day.

Market OutLook 07-OCT-2009

On strong global cues market to open at higher levels and to trade at higher levels during the morning session and there after expected to be volatility for the day and a pullback rally to continue but however at higher levels selling pressure to emerge.

Yesterday nifty made a steep pull back in the intraday from its strong support levels of 4900 and even today we can see a technical pull back, but for the rally to continue nifty should hold 5050 and on the higher side 5100 ,if nifty trades below 5000 levels can drag the nifty to 4900 and then 4790 levels in the coming days, I see a strong support at 4800 levels anyhow at this market condition traders should maintain a cautious approach at higher levels and one has to lighten their long positions and re-enter at lower levels.

Nifty to trade in the range 5000-5100 levels, a break below either side to give a new direction to the market, A close above 5100 can take nifty to 5250 levels in the coming days and a close below 4950 to drag the nifty to 4790 in the coming days, Nifty to have support at 5000/4950/4920 and resistance at 5060/5080/5120 for the day.

In metal space TATASTEEL, JWS STEEL & ISPAT to be active for the day.
In Power space RPOWER & RELIENCE INFRA to be active for the day.
In Telecom a technically pull back rally is expected, sell at higher levels.

News Counters for the day
1. Gitanjali gems buy > 123 SL 119 tgt 131
2. Jws Steel > 870 SL 850 tgt 900

The following stocks technically good for medium term

GMRINFARA@ 71 , IDBI@123 , DCB @36, IDFC@152 , GTL INFRA @42, ISPAT@25 , RCOMM@267, Rpower @ 165 & ZICOM @102

Have a nice trading day.