The strong positive close on Friday indicates that there is some steam left in the market, though nifty is at over bought zone it appears that it will test 4550 level in this week itself, If hold above this level then further rally can be seen still 4800 levels in the coming days with some correction with strong support at 4500 level.
Nifty to trade in the range 4414-4800 for the next few trading sessions, either side break to give new direction to the market, if nifty holds above 4800 levels then can test 5150 levels before the budget itself.
Watch for banking and shipping stocks for the day.
Today we will be booking profits in IDEA CELL and fresh position will be taken in DCB and GUJ NRE COKE, if holds 42 and further addition will be done in HOTEL LEELA.
Nifty can take support at 4430/4415/4400 and resistance at 4510/4555/4570 levels for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Sunday, May 31, 2009
Thursday, May 28, 2009
Market out Look 29-5-2009
On global cues market to open flattish with positive bias for the first hour of trading and selling can be see to the extent of 40-50 point in nifty from the high of first hour.
Buy on decline will the best strategy in this market condition.
Today the action will be in the banking and steel stocks.
We still have the position in Idea cell , Chambal, Zicom and Noida toll,If you have position in idea cell then you can sell at 91.
Today we will be taking fresh positions in DCB ,If it holds above 42 levels.
In penny stocks we have huge position in cals Refinery @ 0.35, now it is at 0.87 paise, one can buy this stock at current levels for a target of Rs 7-8 in years time.
Today nifty can take support at 4310/4270/4235 and resistance at 4370/4390/4410 for the day.
Buy on decline will the best strategy in this market condition.
Today the action will be in the banking and steel stocks.
We still have the position in Idea cell , Chambal, Zicom and Noida toll,If you have position in idea cell then you can sell at 91.
Today we will be taking fresh positions in DCB ,If it holds above 42 levels.
In penny stocks we have huge position in cals Refinery @ 0.35, now it is at 0.87 paise, one can buy this stock at current levels for a target of Rs 7-8 in years time.
Today nifty can take support at 4310/4270/4235 and resistance at 4370/4390/4410 for the day.
Monday, May 25, 2009
market Out Look 26-05-2009
On global cues market to open flattish with positive bias for the first hour of trading and at higher levels be cautious as selling expected at higher levels.
For nifty major support is at 4100-4150, break below 4100 can drag the nifty to 3850 levels in the coming days.
Decline should be used as buying opportunity from the long tern point of view.
Activity can be seen in the mid cap and banking stocks for the day.
I am still long in chambal fert and yesterday have taken position in Rec and power Grid for my clients.
Nifty can take support at 4206/4180/4150 and resistance is at 4270/4303/4350 for the day.
For nifty major support is at 4100-4150, break below 4100 can drag the nifty to 3850 levels in the coming days.
Decline should be used as buying opportunity from the long tern point of view.
Activity can be seen in the mid cap and banking stocks for the day.
I am still long in chambal fert and yesterday have taken position in Rec and power Grid for my clients.
Nifty can take support at 4206/4180/4150 and resistance is at 4270/4303/4350 for the day.
Sunday, May 24, 2009
Market Out Look 25-05-2009
Market to open down with negative bias for the day. market will be volatile and if nifty holds the 4100 for the next few trading session then it can test 4600 levels in the coming days.
Selling pressure in the large caps to continue for few more trading sessions and the mid caps too come under selling pressure and the traders are advised to be cautious and limit their long position.
As long as nifty holds above 4100 levels nothing to worry in the market, till then buy on decline and sell on rally will be the best strategy.
I have taken position in chambal fertizer and Dish tv for my clients and today I will be buying Zicom , Madras cements, Hind Motors , Rec and Neyvelli.
Technically nifty can take support at 4225/4186/4150 and resistance at 4288/4329/4380 for the day.
Have a nice trading day.
Selling pressure in the large caps to continue for few more trading sessions and the mid caps too come under selling pressure and the traders are advised to be cautious and limit their long position.
As long as nifty holds above 4100 levels nothing to worry in the market, till then buy on decline and sell on rally will be the best strategy.
I have taken position in chambal fertizer and Dish tv for my clients and today I will be buying Zicom , Madras cements, Hind Motors , Rec and Neyvelli.
Technically nifty can take support at 4225/4186/4150 and resistance at 4288/4329/4380 for the day.
Have a nice trading day.
Thursday, May 21, 2009
Market Out Look 22-5-2009
On mixed global trends our market is expected to open at lower levels with negative bias for the day.
Large caps stocks will continue to fall further. The crack in the UPA government can further pull the market down.
Traders are advice to be cautious at higher levels and can buy at panic selling.
Nifty below 4150 can see further selling pressure and can pull down to 3950 levels.
Activity can be still seen in the mid caps power stocks.
Watch for NTPC, REC, POWER GRID and REC.
Today we will be booking partial profits in Fsl, Noida toll,Gmr Infra and Idea for my clients and shall add POWER GRID and REC at lower levels.
Nifty to take support at 4178/4140/4110 and resistance at 4250/4270/4310 for the day.
Large caps stocks will continue to fall further. The crack in the UPA government can further pull the market down.
Traders are advice to be cautious at higher levels and can buy at panic selling.
Nifty below 4150 can see further selling pressure and can pull down to 3950 levels.
Activity can be still seen in the mid caps power stocks.
Watch for NTPC, REC, POWER GRID and REC.
Today we will be booking partial profits in Fsl, Noida toll,Gmr Infra and Idea for my clients and shall add POWER GRID and REC at lower levels.
Nifty to take support at 4178/4140/4110 and resistance at 4250/4270/4310 for the day.
Wednesday, May 20, 2009
Market Out Look 21-05-2009
On global cues our market is expected to open negative and selling pressure to continue in the large cap stocks for the day.
Nifty to trade in the range 4100 – 4450 for the next few trading sessions, a break either side to give new direction to the market in short run.
Nifty has a strong support at 4180 levels a close below this can drag the nifty to 3950 levels.
Activity to be seen in the mid cap still many mid caps stocks are available at fair valuations.
Nifty can take support at 4240/4210/4180 and resistance at 4290/4324/44360 for the day.
Activities are seen in Anil Ambani’s group shares. Watch for RNRL and RCOM.
I am still long in Fsl , Noida toll,Idea and Zicom.Today will be adding Chambal fertilizer if hold above 60 levels for my clients.
Nifty to trade in the range 4100 – 4450 for the next few trading sessions, a break either side to give new direction to the market in short run.
Nifty has a strong support at 4180 levels a close below this can drag the nifty to 3950 levels.
Activity to be seen in the mid cap still many mid caps stocks are available at fair valuations.
Nifty can take support at 4240/4210/4180 and resistance at 4290/4324/44360 for the day.
Activities are seen in Anil Ambani’s group shares. Watch for RNRL and RCOM.
I am still long in Fsl , Noida toll,Idea and Zicom.Today will be adding Chambal fertilizer if hold above 60 levels for my clients.
Sunday, May 17, 2009
Market Out Look Post Election Results
The stable government at the center to give a big boost to the capital market in the longer run. As economic reforms will be carried very smoothly and FII inflow to be on the higher side then ever before.
With out the LEFT party the government will have free hand to take decision on its economic policies, we can see the reforms in the Banking and the Insurance sectors.
For very short term the market looks very attractive, but some concerns still remains due the global slow down and recession.
As far as we area concerns our fundamentals are still in track and the GDP to accelerate further due to the government policies in the coming days.
Long-term investor should concentrate on Infrastructure, Power, Agri and Banking sectors. Investors can look at nuclear related co’s.
Nifty can test 4100 levels, but will not be able to sustain at higher levels, Investor can enter at nifty 3200 levels for long term.
With out the LEFT party the government will have free hand to take decision on its economic policies, we can see the reforms in the Banking and the Insurance sectors.
For very short term the market looks very attractive, but some concerns still remains due the global slow down and recession.
As far as we area concerns our fundamentals are still in track and the GDP to accelerate further due to the government policies in the coming days.
Long-term investor should concentrate on Infrastructure, Power, Agri and Banking sectors. Investors can look at nuclear related co’s.
Nifty can test 4100 levels, but will not be able to sustain at higher levels, Investor can enter at nifty 3200 levels for long term.
Thursday, May 14, 2009
Market Out Look 15-5-2009
Market to open flattish with positive bias for the first hour of trading, huge volatility is expected for the day, one needs to be over cautious at higher levels.
Buy at decline and sell at higher levels should be the strategy for the next few trading session. Small traders be away from the market for the next few trading sessions.Investors can buy for long term investment on panic selling.
Nifty to trade in the range 3500 –3800 for the next few trading session, either side break will give the new directions to the market.
Activity is seen in Idea cell, Yes bank , GMR Infra and Orchid chem.
Technically nifty has the support at 3560/3530/3510 and resistance at 3650/3690/3710 for the day.
Buy at decline and sell at higher levels should be the strategy for the next few trading session. Small traders be away from the market for the next few trading sessions.Investors can buy for long term investment on panic selling.
Nifty to trade in the range 3500 –3800 for the next few trading session, either side break will give the new directions to the market.
Activity is seen in Idea cell, Yes bank , GMR Infra and Orchid chem.
Technically nifty has the support at 3560/3530/3510 and resistance at 3650/3690/3710 for the day.
Tuesday, May 12, 2009
Market Out Look 13-5-2009
Market to open flattish, Volatility to continues in the market for the next few trading session, Yesterday bounce back points that the market is in bulls grip with a expectation that a stable government to be formed..
There was all-round buying in the market, but one has to be very cautious at higher levels and trade with a stop loss.
Nifty to trade in the range 3500 – 3800 till the elections result are announced, either side break will give anew direction to the market in the coming days.
Nifty to take support at 3620/3580/3525 and resistance at 3720/3750/3790 for the day.
Watch for shipping and metal stocks for the day.
Have nice trading day.
There was all-round buying in the market, but one has to be very cautious at higher levels and trade with a stop loss.
Nifty to trade in the range 3500 – 3800 till the elections result are announced, either side break will give anew direction to the market in the coming days.
Nifty to take support at 3620/3580/3525 and resistance at 3720/3750/3790 for the day.
Watch for shipping and metal stocks for the day.
Have nice trading day.
Sunday, May 10, 2009
Market Out Look 11-5-2009
On global cues market to open flattish with a positive bias for the first hour of trading, huge volatility is expected for the day.
Buy on decline will be the best strategy fro the next few trading session.
Cautious approach should be maintained till the election result are announced and avoid any huge positions.
Nifty to trade in the range 3500 – 3800 levels, either side break to give a new direction to the market, on the lower side nifty can test 330-3190 and on the higher side nifty can test 3900-4100 levels.
Technically nifty can take support at 3610/3580/3350 and resistance 3650/3690/370 for the day.
Activity is seen in GMR INFRA and GTL INFRA.
Buy on decline will be the best strategy fro the next few trading session.
Cautious approach should be maintained till the election result are announced and avoid any huge positions.
Nifty to trade in the range 3500 – 3800 levels, either side break to give a new direction to the market, on the lower side nifty can test 330-3190 and on the higher side nifty can test 3900-4100 levels.
Technically nifty can take support at 3610/3580/3350 and resistance 3650/3690/370 for the day.
Activity is seen in GMR INFRA and GTL INFRA.
Thursday, May 7, 2009
Market Out Look 7-5-2009
Market to open flattish with a negative bias for the first session of trading and to bounce back from the lower levels.
Looks still some stream is left in the market before nifty touches the 3850 levels in the coming days.
In this volatile market one has to be very cautious at higher levels, as the outcome of the election result may not be favorable to the market.
Nifty to trade in the range 3500 – 3850 levels for the next few trading sessions.
For intra day nifty has got a strong support of 3615, below this selling pressure to be seen and buying opportunity can be seen at 3560 levels for the day.
Technically nifty to take support at 3615/3580/3560 and resistance at 3710/3740/3780 for the day.
Activity to be seen in Sugar and Fertilizer stocks.
Have a nice trading day.
Looks still some stream is left in the market before nifty touches the 3850 levels in the coming days.
In this volatile market one has to be very cautious at higher levels, as the outcome of the election result may not be favorable to the market.
Nifty to trade in the range 3500 – 3850 levels for the next few trading sessions.
For intra day nifty has got a strong support of 3615, below this selling pressure to be seen and buying opportunity can be seen at 3560 levels for the day.
Technically nifty to take support at 3615/3580/3560 and resistance at 3710/3740/3780 for the day.
Activity to be seen in Sugar and Fertilizer stocks.
Have a nice trading day.
Wednesday, May 6, 2009
Market Out Look 7-5-2009
On global cues market to open on the positive side and expected to trade higher in the first session, selling pressure is expected in the mid session and huge volatility is expected in the market.
Nifty to trade in the range 3500 – 3750 levels for few more trading session, A break either side to give new direction to the market.
Buy on decline will be the best strategy.
Technically nifty to take support at 3585/3550/3500 and resistance at 3680/3720/3750 levels for intra day.
Nifty to trade in the range 3500 – 3750 levels for few more trading session, A break either side to give new direction to the market.
Buy on decline will be the best strategy.
Technically nifty to take support at 3585/3550/3500 and resistance at 3680/3720/3750 levels for intra day.
Tuesday, May 5, 2009
Market Out Look 6-5-2009
Market to open flattish with a positive bias and at higher levels selling pressure is expected for the day.
Nifty to trade in the range 3500-3750 levels, either side break to give new direction to the market, Nifty below 3500 can test 3350 and break above 3750 can take nifty to 3850 levels.
Traders are advised to be very cautious at higher levels, buy on panic selling strategy to be adopted and profit has to be booked at regular intervals.
Activity is seen in RNRL, IFCI and NOIDA TOLL.
Technically nifty can take support at 3600/3580/3520 and resistance at 3680/3710/3740 levels for the day.
Nifty to trade in the range 3500-3750 levels, either side break to give new direction to the market, Nifty below 3500 can test 3350 and break above 3750 can take nifty to 3850 levels.
Traders are advised to be very cautious at higher levels, buy on panic selling strategy to be adopted and profit has to be booked at regular intervals.
Activity is seen in RNRL, IFCI and NOIDA TOLL.
Technically nifty can take support at 3600/3580/3520 and resistance at 3680/3710/3740 levels for the day.
Monday, May 4, 2009
Market Out Look 5-4-2009
Market to open flattish and may trade on the higher side during the first session of trading. Traders are advice to book profit at higher levels and be in cash to buy at sharp decline with a strict stop loss.
As nifty has breached the strong resistance of 3500 and has closed above 3650 levels, can take the nifty to 3740 in the intra day trades. The 3500 levels can be considered as strong support for the nifty.
A break below 3500 can bring nifty to 3450 and 3300 levels. Nifty above 3650 can become stronger and can test 3800 in next few trading session.
Technically nifty can take support at 3580/3540/3505 and resistance at 3690/3710/3730 for the day.
Activity is seen in idea cell, If hold above 63 can test 68, buy @ 63 SL 61.5 TGT 68
Have a nice trading day.
As nifty has breached the strong resistance of 3500 and has closed above 3650 levels, can take the nifty to 3740 in the intra day trades. The 3500 levels can be considered as strong support for the nifty.
A break below 3500 can bring nifty to 3450 and 3300 levels. Nifty above 3650 can become stronger and can test 3800 in next few trading session.
Technically nifty can take support at 3580/3540/3505 and resistance at 3690/3710/3730 for the day.
Activity is seen in idea cell, If hold above 63 can test 68, buy @ 63 SL 61.5 TGT 68
Have a nice trading day.
Sunday, May 3, 2009
Market Out Look 4-05-2009
On global cues our market to open on the higher side with a gap opening of minimum of 75 points in nifty and looks as if we are heading towards the 3650 mark shortly in the next few trading session.
As mentioned on 29-4-2009 a close above 3450 can take the nifty to 3650 levels and today we will almost reach this level.
From here onwards nifty to trade in the range 3300 –3650 levels for the next few trading session till the election result are announced, If nifty closes above 3650 level can test 3800 shortly.
Huge volatility is expected in the coming days, One has to trade with at most care, Buy on decline and book profit will be the best strategy for the next few trading session.
Watch for telecom and power stock for the day.
Technically nifty to the support at 3520/3480/3450 and resistance at 3550/3580/3605 levels for the day.
As mentioned on 29-4-2009 a close above 3450 can take the nifty to 3650 levels and today we will almost reach this level.
From here onwards nifty to trade in the range 3300 –3650 levels for the next few trading session till the election result are announced, If nifty closes above 3650 level can test 3800 shortly.
Huge volatility is expected in the coming days, One has to trade with at most care, Buy on decline and book profit will be the best strategy for the next few trading session.
Watch for telecom and power stock for the day.
Technically nifty to the support at 3520/3480/3450 and resistance at 3550/3580/3605 levels for the day.
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