Market to open flattish with negative bias for the first hour of trading, if holds above 4325 it’s a sign of bounce back in the market and on the other side if trades below 4270 levels it’s a bearish sign for the market and can test 4180 levels.
Nifty strong support exists at 4180 and below this level big sell –off is expected and can test 4000-3900 levels in the coming days.
Nifty to trade in the range 4220 – 4330, either side break to give a new direction to the market for the day.
If nifty breaks below the 4270 levels, we will start closing our long positions for our clients and be in cash till we get a clear direction of the market.
Reality and Metal stocks looks weak for the day, traders can get selling opportunity for intraday basis.
Technically for nifty support is at 4270/4220/4180 and resistance 4330/4388/4410 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Tuesday, June 30, 2009
Monday, June 29, 2009
Market Out Look 30-JUN-2009
Market to open at higher level with positive bias for the day on global cues, If nifty holds above 4410 level the rally to continue further and can test 4560 levels is the coming days.
Nifty to trade in the range 4350 – 4450, either side break to give a new direction to the market , if holds above 4390 traders can take long position with a stop loss of 4375 for the day.
Activity is seen in the BANKIG, METAL and OIL sectors, watch for MRPL in the oil sector and TATASTEEL in the metal stocks.
Yesterday we have taken position in MRPL and 3I INFO for our clients.
Technically nifty has support at 4350/4305/4290 and resistance at 4450/4480/5510 for the day.
Have a nice trading day.
Nifty to trade in the range 4350 – 4450, either side break to give a new direction to the market , if holds above 4390 traders can take long position with a stop loss of 4375 for the day.
Activity is seen in the BANKIG, METAL and OIL sectors, watch for MRPL in the oil sector and TATASTEEL in the metal stocks.
Yesterday we have taken position in MRPL and 3I INFO for our clients.
Technically nifty has support at 4350/4305/4290 and resistance at 4450/4480/5510 for the day.
Have a nice trading day.
Sunday, June 28, 2009
Market Out Look 29-JUN-2009
On global cues market to open flattish with positive bias for the day. Friday’s close at 4375 indicates the rally to continue further.
As long as nifty holds above 4328-4315 for the day it’s a bullish sign for the market and can test 4560 in the coming days.
Nifty trading range is 4270 – 4410 , either side break to give new direction to the market, If closes above 4410 then nifty can test 4560 in the next two trading session itself.
Activity is seen in IT and Banking stocks, Watch for FSL, 3info and nucleus soft in small cap IT and in banking watch for Vijaya Bank, DCB and Bank of Rajasthan for short –term gains.
Technically nifty has support at 4335/4300/4270 and resistance at 4380/4410/4450 for the day.
Have a nice trading day.
As long as nifty holds above 4328-4315 for the day it’s a bullish sign for the market and can test 4560 in the coming days.
Nifty trading range is 4270 – 4410 , either side break to give new direction to the market, If closes above 4410 then nifty can test 4560 in the next two trading session itself.
Activity is seen in IT and Banking stocks, Watch for FSL, 3info and nucleus soft in small cap IT and in banking watch for Vijaya Bank, DCB and Bank of Rajasthan for short –term gains.
Technically nifty has support at 4335/4300/4270 and resistance at 4380/4410/4450 for the day.
Have a nice trading day.
Thursday, June 25, 2009
Market Out Look 26-JUN-2009
Market to open flattish with negative bias for the first hour of trading and if holds the 4220 levels then the rally to continue till 4270 -4320 levels for the day.
Nifty holding above 4200 is a good sign for the market, a close below 4200 can drag nifty to 4080 levels in the coming days.
Investors and traders can take positions at 4220 levels with a stop loss of 4200 levels for the day.
Nifty free float from today onwards to benefit stocks like L & T, ICICI BANK and INFOSYS.
The strong roll over in few mid cap stocks like IFCI, DISH TV and GVK POWER is positive for these counters.
Technically nifty to have support at 4220/4180/4152 and resistance at 4270/4320/4360 for the day.
Nifty holding above 4200 is a good sign for the market, a close below 4200 can drag nifty to 4080 levels in the coming days.
Investors and traders can take positions at 4220 levels with a stop loss of 4200 levels for the day.
Nifty free float from today onwards to benefit stocks like L & T, ICICI BANK and INFOSYS.
The strong roll over in few mid cap stocks like IFCI, DISH TV and GVK POWER is positive for these counters.
Technically nifty to have support at 4220/4180/4152 and resistance at 4270/4320/4360 for the day.
Wednesday, June 24, 2009
Market Out Look 25-JUN-2009
On global cues, market to open on higher side and to trade on positive note for the day, if holds the 4270 level and break above 4325 can take nifty to 4410 levels for the day.
Today huge volatility is expected for the day on behalf of F & O settlement and trader are advised to be cautious at higher levels, yesterday nifty again managed to close above the 4200 level which is good sign for the rally to continue.
Nifty to trade in the range 4220 – 4410, either side break to give a new direction for the market.
Activity will be seen Pharma , Banking and Power stocks.
Buy GVK Power, FSL , IDBI for short-term gains.
Technically nifty to take support at 4260/4218/4200 and resistance at 4330/4380/4410 for the day.
Have a nice trading day.
Today huge volatility is expected for the day on behalf of F & O settlement and trader are advised to be cautious at higher levels, yesterday nifty again managed to close above the 4200 level which is good sign for the rally to continue.
Nifty to trade in the range 4220 – 4410, either side break to give a new direction for the market.
Activity will be seen Pharma , Banking and Power stocks.
Buy GVK Power, FSL , IDBI for short-term gains.
Technically nifty to take support at 4260/4218/4200 and resistance at 4330/4380/4410 for the day.
Have a nice trading day.
Tuesday, June 23, 2009
Market Out Look 24-JUN-2009
On mixed global cues, market to open flattish with positive bias for the first hour of trade.
Yesterday nifty has touched a low of 4146 and high of 4267 and closed at 4247 which above the 4200 levels, if today nifty holds above 4280 levels then huge short covering is expected and on the other hand a break below 4200 can drag the nifty to 4100 levels which should be the strong support.
Today nifty should trade in the range 4200 – 4320 levels, either side break to give a new direction to the market.
Activity can be seen in OIL and BANKING stocks.
Watch for MRPL & RPL in oil sector and DCB & VIJAYA ABNK in the banking sector.
Technically nifty to take support at 4200/4176/4150 and resistance at 4280/4320/4350 for the day.
Have a nice trading day.
Yesterday nifty has touched a low of 4146 and high of 4267 and closed at 4247 which above the 4200 levels, if today nifty holds above 4280 levels then huge short covering is expected and on the other hand a break below 4200 can drag the nifty to 4100 levels which should be the strong support.
Today nifty should trade in the range 4200 – 4320 levels, either side break to give a new direction to the market.
Activity can be seen in OIL and BANKING stocks.
Watch for MRPL & RPL in oil sector and DCB & VIJAYA ABNK in the banking sector.
Technically nifty to take support at 4200/4176/4150 and resistance at 4280/4320/4350 for the day.
Have a nice trading day.
Monday, June 22, 2009
Market Out Look 23-JUN-2009
On global cues ,Our market will open gap down, Even though nifty closed above 4200 and this level will be broken today in the opening itself.
Nifty to take support at 4150 and below this can weaken further and can test 3800 levels in the coming days.
Nifty to trade in the range 4100 – 4270, either side break will give a new direction to the market.
Investor can wait and watch till the F&O settlement is over before taking any long positions; we think the 3850 will be the best level to enter in the market.
Activity will be seen in refinery stocks. Watch for MRPL , ESSAR OIL and HPCL.
Technically nifty to take support at 4180/4150/4090 and resistance at 4220/4260/4320
Nifty to take support at 4150 and below this can weaken further and can test 3800 levels in the coming days.
Nifty to trade in the range 4100 – 4270, either side break will give a new direction to the market.
Investor can wait and watch till the F&O settlement is over before taking any long positions; we think the 3850 will be the best level to enter in the market.
Activity will be seen in refinery stocks. Watch for MRPL , ESSAR OIL and HPCL.
Technically nifty to take support at 4180/4150/4090 and resistance at 4220/4260/4320
Sunday, June 21, 2009
Market Out Look 22-JUN-2009
On global cues market to open flattish with positive , if nifty holds the 4325 levels, then nifty can test 4410 for the day on short covering.
Since nifty has closed above 4200 for the last two trading sessions, hence this can be considered as strong support zone, now Investors and traders can take long positions with a stop loss of 4150 level.
Nifty to trade in the range 4200-4410 levels, either side break to give a new direction to the market.
One can look at Banking and PSU Power stocks for investment.
We have taken position in VOLTAS, VIDEOCON, YES BAN K and GVK POWER for our clients on Friday.
Activity will be seen in PSU BANKS, Watch for CAN BANK & VIJAYA BANK
Technically nifty to take support at 4275/4220/4180 and resistance at 4350/4380/4410 for the day.
Have a nice trading day.
Since nifty has closed above 4200 for the last two trading sessions, hence this can be considered as strong support zone, now Investors and traders can take long positions with a stop loss of 4150 level.
Nifty to trade in the range 4200-4410 levels, either side break to give a new direction to the market.
One can look at Banking and PSU Power stocks for investment.
We have taken position in VOLTAS, VIDEOCON, YES BAN K and GVK POWER for our clients on Friday.
Activity will be seen in PSU BANKS, Watch for CAN BANK & VIJAYA BANK
Technically nifty to take support at 4275/4220/4180 and resistance at 4350/4380/4410 for the day.
Have a nice trading day.
Thursday, June 18, 2009
Market Out Look 19-JUN-2009
On global cues market to open flattish with positive note at least for the first hour of trade, if nifty holds the 4260 levels, then nifty can test 43540 for the day and on short covering can test 4410.
Yesterday nifty was unable to break the 4200 level which is a good sign and now nifty has a strong support at 4220-4200 levels, a fall below 4200 can take nifty 4100 levels.
Investors and traders can take long positions with a stop loss of 4200 level.
One can look at Banking and PSU Power stocks for investment.
We will be buying VOLTAS, VIDEOCON , YES BANK , DCB BANK, POWER GRID and GVK POWER for our clients.
Technically nifty to take support at 4220/4180/4150 and resistance at 4290/4340/4410.
Have a nice trading day.
Yesterday nifty was unable to break the 4200 level which is a good sign and now nifty has a strong support at 4220-4200 levels, a fall below 4200 can take nifty 4100 levels.
Investors and traders can take long positions with a stop loss of 4200 level.
One can look at Banking and PSU Power stocks for investment.
We will be buying VOLTAS, VIDEOCON , YES BANK , DCB BANK, POWER GRID and GVK POWER for our clients.
Technically nifty to take support at 4220/4180/4150 and resistance at 4290/4340/4410.
Have a nice trading day.
Wednesday, June 17, 2009
Market Out Look 18-Jun-2009
Market to open flattish and to trade lower level for the first hour of trading, if holds the 4325 level then bounce back is expected below 4325 nifty can test 4280 which will the next strong support a break below 4280 can bring nifty to 4150 in the next few trading sessions.
Investor are recommended to buy at 4150 levels on the other side if nifty trades above 4410 and closed above this levels then the trend is likely to change, Nifty above 4560 is bullish sign.
We have started booking profits for last two trading session and our buying will come only at 4200-4150.
Technically nifty to take support at 4320/4300/4250 and resistance at 4390/4415/4450 for the day.
Have a nice trading day.
Investor are recommended to buy at 4150 levels on the other side if nifty trades above 4410 and closed above this levels then the trend is likely to change, Nifty above 4560 is bullish sign.
We have started booking profits for last two trading session and our buying will come only at 4200-4150.
Technically nifty to take support at 4320/4300/4250 and resistance at 4390/4415/4450 for the day.
Have a nice trading day.
Tuesday, June 16, 2009
Market Out Look 17-JUN-2009
On mixed global cues, our market to open lower with a negative bias for the day, Yesterday nifty bounced back from it’s strong support of 4410 to almost near to it’s strong resistance at 4560 level, since the close was below it’s strong resistance , one has to be cautious.
Nifty to trade in the range 4410 – 4560 levels, either side break will give a new direction to the market.
Activity was seen in textiles and sugar sector, Watch for Alok textiles , Arvind Mill in textile sector and Balaram chinni, Bajaj Hind in sugar sector, buy on decline for medium-term.
Yesterday we have taken long position in FSL for our clients.
Technically nifty to take support at 4480/4450/4410 and resistance at 4560/4590/4620 for the day.
Have a nice trading day.
Nifty to trade in the range 4410 – 4560 levels, either side break will give a new direction to the market.
Activity was seen in textiles and sugar sector, Watch for Alok textiles , Arvind Mill in textile sector and Balaram chinni, Bajaj Hind in sugar sector, buy on decline for medium-term.
Yesterday we have taken long position in FSL for our clients.
Technically nifty to take support at 4480/4450/4410 and resistance at 4560/4590/4620 for the day.
Have a nice trading day.
Monday, June 15, 2009
Market Out Look 16-JUN-2009
Market to open lower on global cues and weaken further as it was unable to hold the 4560 level yesterday and closed much lower at 4484, As SGX nifty is already down by 100 points and nifty will follow the same and has a strong support at 4410 level, If nifty trades below these level then it can test 4325 in the next few trading sessions and below this it can test 4180 level which can happen before the F& O settlement.
Long tern investors can start buying at 4200 level with a stop loss of 4180 level.
Nifty to trade in the range 4180 – 4560 levels, either side break to give a new direction to the market.
We started booking profit for our clients form yesterday onwards.
For day trading we will watch at SESA GOA, IDEA CELL and NTPC.
Technically nifty to have support at 4410/4385/4325 and resistance at 4510/4560/4585 levels for the day.
Long tern investors can start buying at 4200 level with a stop loss of 4180 level.
Nifty to trade in the range 4180 – 4560 levels, either side break to give a new direction to the market.
We started booking profit for our clients form yesterday onwards.
For day trading we will watch at SESA GOA, IDEA CELL and NTPC.
Technically nifty to have support at 4410/4385/4325 and resistance at 4510/4560/4585 levels for the day.
Sunday, June 14, 2009
Market Out Look 15-Jun-2009
On global cues, Our market to open flattish with negative bias for the day, The last few trading session indicates a cautious approach ahead as the nifty for the last two trading sessions closed in red, though it closed very much above the strong support of 4560 level one has to be cautious, Booking profit on the rally and buying on dips will be the best strategy in this market condition.
Nifty has a strong support at 4560- 4500 levels, below this nifty can test 4415 in the coming days.
Activity will be there in some selected mid caps like SESA GOA, NOIDA TOLL and GMR INFRA.
Today at higher levels we will be booking profit for our clients.
Technically nifty have support at 4560/4510/4480 and resistance at 4620/4650/4680 for the day.
Have a nice trading day.
Nifty has a strong support at 4560- 4500 levels, below this nifty can test 4415 in the coming days.
Activity will be there in some selected mid caps like SESA GOA, NOIDA TOLL and GMR INFRA.
Today at higher levels we will be booking profit for our clients.
Technically nifty have support at 4560/4510/4480 and resistance at 4620/4650/4680 for the day.
Have a nice trading day.
Thursday, June 11, 2009
Market Out Look 12-Jun-2009
On global cues, our market to open on the higher side and expected to be volatile for the day.
Yesterday nifty closed in the red, but it did close above 4600 level which is a good sign for the rally to continue but one has to be cautious at if nifty trades below 4560 levels.
Nifty to trade in the range 4560 – 4640 for the day, either side break to give a new direction to the market and till budget nifty to trade in the range 4280-4850 levels.
Traders can take short-term positions in stocks like Nag Feti, Chambal ferti, Moser baer and Noida toll in small lots.
POWER GRID looks good on the charts, Buy above 123 with a stop loss of 119.5 for a target of 136 in very short-term.
Yesterday we have taken long positions in Power Grid and Nagarjuna Fetilizer.
Tehnically nifty to take support at 4610/4580/4560 and resistance at 4680/4720/4740 for the day
Yesterday nifty closed in the red, but it did close above 4600 level which is a good sign for the rally to continue but one has to be cautious at if nifty trades below 4560 levels.
Nifty to trade in the range 4560 – 4640 for the day, either side break to give a new direction to the market and till budget nifty to trade in the range 4280-4850 levels.
Traders can take short-term positions in stocks like Nag Feti, Chambal ferti, Moser baer and Noida toll in small lots.
POWER GRID looks good on the charts, Buy above 123 with a stop loss of 119.5 for a target of 136 in very short-term.
Yesterday we have taken long positions in Power Grid and Nagarjuna Fetilizer.
Tehnically nifty to take support at 4610/4580/4560 and resistance at 4680/4720/4740 for the day
Wednesday, June 10, 2009
Market Out Look 11-Jun-2009
On mixed global cues, market is expected to open flattish with negative bias for the first hour of trading.
Yesterday nifty has closed above the 4650 mark which is bullish sign in the short term.
FII are continues in the buying mode and before the budget nifty can test 4800 -5000 levels.
Buy on decline will be the best strategy till the budget.
Activity will be seen in the Power and Banking stocks today.
We will be buying NTPC and POWER GRID today.
Technically nifty to take support at 4630/4580/4540 and resistance at 4690/4720/4760 for the day.
Yesterday nifty has closed above the 4650 mark which is bullish sign in the short term.
FII are continues in the buying mode and before the budget nifty can test 4800 -5000 levels.
Buy on decline will be the best strategy till the budget.
Activity will be seen in the Power and Banking stocks today.
We will be buying NTPC and POWER GRID today.
Technically nifty to take support at 4630/4580/4540 and resistance at 4690/4720/4760 for the day.
Tuesday, June 9, 2009
Market Out Look 10-Jun-2009
Market to open flattish and to be volatile for the day, yesterday nifty bounced back from very near to its strong support of 4350 and closed very near to its strong resistance at 4560.
Today at higher levels one has to be very cautious, if nifty holds above the 4600 levels and closes above the 4650 mark then it’s a bullish sign and nifty can test 4800 in the coming days and on the other side a close below the 4560 is a sign of weakness in the market.
Today activity will in the mid cap IT and Banking stocks.
Yesterday we missed the buying opportunity at 4360 levels as we were expecting the nifty to test 4280 levels which did not happen.
If nifty holds above the 4600 levels we will be taking long positions in GTL INFRA @ 42-44 levels and DCB @ 43, MOSER BAER above 110 look good.
Nifty to take support at 4500/4480/4414 and resistance at 4590/4620/4650 for the day.
Have nice trading day.
Today at higher levels one has to be very cautious, if nifty holds above the 4600 levels and closes above the 4650 mark then it’s a bullish sign and nifty can test 4800 in the coming days and on the other side a close below the 4560 is a sign of weakness in the market.
Today activity will in the mid cap IT and Banking stocks.
Yesterday we missed the buying opportunity at 4360 levels as we were expecting the nifty to test 4280 levels which did not happen.
If nifty holds above the 4600 levels we will be taking long positions in GTL INFRA @ 42-44 levels and DCB @ 43, MOSER BAER above 110 look good.
Nifty to take support at 4500/4480/4414 and resistance at 4590/4620/4650 for the day.
Have nice trading day.
Monday, June 8, 2009
Market Out Look 09-Jun-2009
Market to open on the lower side with negative bias for the day, as nifty has breached the strong support of 4450 yesterday and closed below this, It's a clear indication of further weakness in the market, any bounce back to be used as a selling opportunity.
Now nifty to trade in the range 4280 – 4560 levels, either side break to give a new direction to the market.
The 4350 levels will be a buying opportunity for the day and any rise from this levels, One has to book profit, below 4330 do not hold any long positions.
The market looks good for long –term, we will start buying at 4280 for our clients and we will be looking at Power Stocks, Infra stocks and Banking stocks.
Nifty to have support at 4410/4350/4310 and resistance at 4450/4500/4560 for the day.
Have a nice trading day.
Now nifty to trade in the range 4280 – 4560 levels, either side break to give a new direction to the market.
The 4350 levels will be a buying opportunity for the day and any rise from this levels, One has to book profit, below 4330 do not hold any long positions.
The market looks good for long –term, we will start buying at 4280 for our clients and we will be looking at Power Stocks, Infra stocks and Banking stocks.
Nifty to have support at 4410/4350/4310 and resistance at 4450/4500/4560 for the day.
Have a nice trading day.
Sunday, June 7, 2009
Market Out Look 8-06-2009
Market to open flattish with negative bias for the day, though nifty managed to hold the 4560 levels on Friday, the selling pressure was seen in the movement stocks.
If nifty trades below the 4560 mark today then further selling can be seen in the market and nifty can test the strong support of 4450 levels and on the other hand if nifty trades above the 4590 mark today then the rally to continue and can test 4800 in the coming days.
Traders are advised to be very cautious at higher level and not to have huge long position; Nifty below 4560 and above 4590 to give new direction to the market and one can take the positions according to the trend.
As the trend is not clear we will not be taking any long positions for our client today, If nifty trades above 4590 levels then we will adding power stocks like NTPC and AREVA for long term.
Nifty to take support at 4540/4505/4485 and resistance at 4586/4620/4650 levels for the day.
Have a nice trading day.
If nifty trades below the 4560 mark today then further selling can be seen in the market and nifty can test the strong support of 4450 levels and on the other hand if nifty trades above the 4590 mark today then the rally to continue and can test 4800 in the coming days.
Traders are advised to be very cautious at higher level and not to have huge long position; Nifty below 4560 and above 4590 to give new direction to the market and one can take the positions according to the trend.
As the trend is not clear we will not be taking any long positions for our client today, If nifty trades above 4590 levels then we will adding power stocks like NTPC and AREVA for long term.
Nifty to take support at 4540/4505/4485 and resistance at 4586/4620/4650 levels for the day.
Have a nice trading day.
Thursday, June 4, 2009
Market Out Look 05-06-2009
Market to open flattish with negative bias for the day, Nifty below 4560 looks weak.
Yesterday again buying emerged from the lower levels, we advice our clients to be cautious at this point of time as nifty is at overbought zone.
If nifty breaks below the strong support 4450 then panic selling is expected in the market and on the other hand if holds above 4560 and closes above this levels then rally to continue.
Today activity can be seen in the banking stocks.
We will be taking long positions in Vijaya Bank and Noida toll if both the stocks trades above 48 .
Nifty will have support at 4540/4480/4450 and resistance at 4590/4620/4650 for the day.
Have nice trading day.
Yesterday again buying emerged from the lower levels, we advice our clients to be cautious at this point of time as nifty is at overbought zone.
If nifty breaks below the strong support 4450 then panic selling is expected in the market and on the other hand if holds above 4560 and closes above this levels then rally to continue.
Today activity can be seen in the banking stocks.
We will be taking long positions in Vijaya Bank and Noida toll if both the stocks trades above 48 .
Nifty will have support at 4540/4480/4450 and resistance at 4590/4620/4650 for the day.
Have nice trading day.
Wednesday, June 3, 2009
Market Out Look 04-06-2009
Market to open weak on global cues and more over in the last two trading session the nifty was unable to close above the 4560 mark which itself is a clear indication of weakness, If nifty breaks below it’s strong support 4450 then selling pressure to intensify and can test 4414 level and below this nifty has support at 4350 level.
Avoid having positions in the large cap stocks.
Still some activity can be seen in the mid caps and small caps.
Today activity will be in the FMGC Sector, Watch for ITC and DABUR.
On decline one can look at buying POWER GRID, DCB, NTPC, DENA BANK AND BHARAT FORGE.
Nifty is having support at 4480/4450/4414 and resistance at 4520/4560/4586 levels for the day.
Have a nice trading day.
Avoid having positions in the large cap stocks.
Still some activity can be seen in the mid caps and small caps.
Today activity will be in the FMGC Sector, Watch for ITC and DABUR.
On decline one can look at buying POWER GRID, DCB, NTPC, DENA BANK AND BHARAT FORGE.
Nifty is having support at 4480/4450/4414 and resistance at 4520/4560/4586 levels for the day.
Have a nice trading day.
Tuesday, June 2, 2009
Market Out Look 3-06-2009
On global cues our market to open with positive bias and to trade higher till for the day, the rally to continue, if nifty holds above 4560 levels , if trades below this then selling can be expected in the market.
Yesterday buying has emerged from the lower levels and this indicates that buy on decline will be the best strategy in this market conditions.
Nifty to trade in the range 4414 - 4600, either side break will give new direction to the market and on the lower side it can touch 4181 and on the higher side it can test 4850 levels.
Markets to be bullish till the budget and there after correction can be seen to the extent of 3900 levels in nifty and this should be levels to re-enter in the market with long term view.
Action to be seen mid cap and small cap, Activity can be seen in ISPAT, IFCI, DENA, JUPITER BIO, BANK, and MOSER BAER.
Today we will be taking long positions in NOIDA TOLL, ISPAT and JUPITER BIO.
Nifty support is at 4505/4480/4450 and resistance at 4590/4610/4640 levels for the day.
Have a nice trading day.
Yesterday buying has emerged from the lower levels and this indicates that buy on decline will be the best strategy in this market conditions.
Nifty to trade in the range 4414 - 4600, either side break will give new direction to the market and on the lower side it can touch 4181 and on the higher side it can test 4850 levels.
Markets to be bullish till the budget and there after correction can be seen to the extent of 3900 levels in nifty and this should be levels to re-enter in the market with long term view.
Action to be seen mid cap and small cap, Activity can be seen in ISPAT, IFCI, DENA, JUPITER BIO, BANK, and MOSER BAER.
Today we will be taking long positions in NOIDA TOLL, ISPAT and JUPITER BIO.
Nifty support is at 4505/4480/4450 and resistance at 4590/4610/4640 levels for the day.
Have a nice trading day.
Monday, June 1, 2009
market Out Look 02-06-2009
On mixed global cues our market to open flattish with positive bias for the first hour and some selling pressure can be seen in the mid session.
Buy on decline will be the best strategy in this market condition, yesterday’s nifty closed above the 4500 mark which is a positive sign for the market for further rally and can test the 4800 levels in the coming days.
However there will be some correction before it touches the 4800 mark, nifty has strong support at 4414 level, and a close below these levels can pull down the nifty to 4181 levels.
As the government is more focused on the infrastructure development, investor can buy stocks related with this sector such as construction, capital good, power, steel and cement stocks can be bought on decline.
Today activity can be seen in the Oil and Cement stocks.
Yesterday I have purchased HOTEL LEELA and DCB and today will be taking fresh position in Rolta @ 123 -125 levels for long term investment for my clients.
Nifty to take support at 4508/4480/4450 and resistance at 4560/4590/4610 for the day.
Have a nice trading day.
Buy on decline will be the best strategy in this market condition, yesterday’s nifty closed above the 4500 mark which is a positive sign for the market for further rally and can test the 4800 levels in the coming days.
However there will be some correction before it touches the 4800 mark, nifty has strong support at 4414 level, and a close below these levels can pull down the nifty to 4181 levels.
As the government is more focused on the infrastructure development, investor can buy stocks related with this sector such as construction, capital good, power, steel and cement stocks can be bought on decline.
Today activity can be seen in the Oil and Cement stocks.
Yesterday I have purchased HOTEL LEELA and DCB and today will be taking fresh position in Rolta @ 123 -125 levels for long term investment for my clients.
Nifty to take support at 4508/4480/4450 and resistance at 4560/4590/4610 for the day.
Have a nice trading day.
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