On mixed global cues market to open flattish with positive bias during the first hour of trading ,volatile is expected in the second session of trading.
Yesterday the large cap stocks came selling pressure, but the mid cap stocks are still holding that shows more activity in the coming days in mid cap.
Nifty to trade in the range 4620-4730, either side break to give to give a new direction to the market ,if nifty closes above the 4750 level then can test 4850 in the coming days.
Stocks like IFCI, IDBI, PRISM CEMENT,CHAMBAL FERT & FSL looks attractive at these levels for short term gains.
NHPC to be listed around 40-42 levels, if hold above 43 buy for intraday, investors can buy for long term gains. Power stocks to be in demand for the day.
Technically nifty to have support at 4630/4600/4580 and resistance at 4690/4730/4780 for the day.
BSE, NSE Stock Ticker, India
Monday, August 31, 2009
Sunday, August 30, 2009
Market Out Look 31-AUS-2009
Asian market opened weak for the day, our market to open on lower side with a negative bias for the day, if fall sharply then bounce back in expected in the second session of trading.
The market has surged in the last few trading session due to global cues and revival of monsoon has lifted the sentiment, but due to Asian market sell-off today our market to correct accordingly and profit booking is expected in the next few trading session.
Whenever nifty touches 4700 levels there comes some or the other negative new that drags the nifty back to 4300 levels, Hope this time too nifty can test 4300 levels and one can use this as a buying opportunity at every fall.
If nifty trades below 4650 for the day then further sell-off is expected in the market and nifty have a strong support at 4600 and a close below 4600 can drag nifty to 4410 levels in the coming days.
Activity can be seen in Oil, Metal and Power stocks for the day.
Nifty to have support at 4650/4600/4560 and resistance at 4750/4780/4800 for the day.
Have a nice trading
The market has surged in the last few trading session due to global cues and revival of monsoon has lifted the sentiment, but due to Asian market sell-off today our market to correct accordingly and profit booking is expected in the next few trading session.
Whenever nifty touches 4700 levels there comes some or the other negative new that drags the nifty back to 4300 levels, Hope this time too nifty can test 4300 levels and one can use this as a buying opportunity at every fall.
If nifty trades below 4650 for the day then further sell-off is expected in the market and nifty have a strong support at 4600 and a close below 4600 can drag nifty to 4410 levels in the coming days.
Activity can be seen in Oil, Metal and Power stocks for the day.
Nifty to have support at 4650/4600/4560 and resistance at 4750/4780/4800 for the day.
Have a nice trading
Thursday, August 27, 2009
Market OutLook 28-AUG-2009
On global cues market to open flattish with negative bias with some volatility for the day, yesterday’s close indicates bullishness in the market for current F&O settlement, For this rally to continue nifty should trade above 4730 and close above 4750 levels for the next target of 4820 in the next few trading sessions, A close below 4600 can drag the nifty to 4520 and thereafter can test 4410 levels.
Market is in consolidation mode and during this period, we expect the nifty to trade in the range 4200-4750 levels for the next few months, either side break to give a new direction to the market, We are in the view that market to test new high in the days to come.
To be winner during this consolidation phase one has to pick mid cap stocks in sectors like construction,Reality, Pharma,Media and capital goods for short-term gains.
Accumulate stocks like PSL Holding, Videocon, Elecon Engg ,Action construction, Ansal Infra, FSL , Noida toll and Zicom for medium –long term gains as bottom line of these companies to improve from the current levels.
Nifty to have support at 4652/4620/4580 and resistance at 4720/4750/4780 for the day.
Have a nice trading day.
Market is in consolidation mode and during this period, we expect the nifty to trade in the range 4200-4750 levels for the next few months, either side break to give a new direction to the market, We are in the view that market to test new high in the days to come.
To be winner during this consolidation phase one has to pick mid cap stocks in sectors like construction,Reality, Pharma,Media and capital goods for short-term gains.
Accumulate stocks like PSL Holding, Videocon, Elecon Engg ,Action construction, Ansal Infra, FSL , Noida toll and Zicom for medium –long term gains as bottom line of these companies to improve from the current levels.
Nifty to have support at 4652/4620/4580 and resistance at 4720/4750/4780 for the day.
Have a nice trading day.
Monday, August 24, 2009
Market OutLook 25-AUG-2009
On global cues market to open lower side with a support of 4580 a break below this level can drag the nifty to 4530 intraday and bounce can seen at this level.
Market will be volatile for the day ahead of the F&O settlement, one has to be cautious at higher levels for the rally to continue nifty should hold and close above 4650 levels.
Activity will be seen in mid cap stocks, sectors like construction, reality, pharma and these sectors will be good pick in the current market conditions.
One can take positions in Ansal Infra, Orchid chem., Noida toll and Alok ind for short-term gains.
Nifty to have support at 4610/4580/4550 and resistance at 4650/4690/4720 for the day.
Have a nice trading day.
Market will be volatile for the day ahead of the F&O settlement, one has to be cautious at higher levels for the rally to continue nifty should hold and close above 4650 levels.
Activity will be seen in mid cap stocks, sectors like construction, reality, pharma and these sectors will be good pick in the current market conditions.
One can take positions in Ansal Infra, Orchid chem., Noida toll and Alok ind for short-term gains.
Nifty to have support at 4610/4580/4550 and resistance at 4650/4690/4720 for the day.
Have a nice trading day.
Sunday, August 23, 2009
Market OutLook 24-AUG-2009
For the last few months market is trading in the range 4300-4700 levels, This support and resistance is due to the positive as well as the negative news flowing in the global and domestic market.
It seems the global economy is coming out of the recession based on the positive data across the global and our industrial data too shows positive signs of recovery, but any how on the side the monsoon concerns looms large in our market and the global picture still not clear.
In this market condition one has to construct a recession –Drought proof portfolio, Invest in sectors such as Pharma, Media and Power which are least effected by the recession and on the other hand avoid sector such FMGC, two wheeler makers, Fertilizers and tractors makers which will be most effected by the drought.
If one applies a prudent investment and trading strategy this will definitely can give reasonable return in the coming days before the market settles.
Today the market to open at higher levels and should hold 4580 levels for the rally to continue and a close above 4650 can take the nifty to 4730 in the next few trading sessions.
Activity to be seen in Pharma, Mid cap IT, Construction and PSU banking stocks.
One can take position in Orchid Chem, 3iinfo, Nagarjuna construction and vijaya bank for short-term gains and also Zicom, Power grid and Ntpc.
Nifty to have support at 4525/4500/480 and resitance at 4580/4620/4650.
Have a nice trading day.
It seems the global economy is coming out of the recession based on the positive data across the global and our industrial data too shows positive signs of recovery, but any how on the side the monsoon concerns looms large in our market and the global picture still not clear.
In this market condition one has to construct a recession –Drought proof portfolio, Invest in sectors such as Pharma, Media and Power which are least effected by the recession and on the other hand avoid sector such FMGC, two wheeler makers, Fertilizers and tractors makers which will be most effected by the drought.
If one applies a prudent investment and trading strategy this will definitely can give reasonable return in the coming days before the market settles.
Today the market to open at higher levels and should hold 4580 levels for the rally to continue and a close above 4650 can take the nifty to 4730 in the next few trading sessions.
Activity to be seen in Pharma, Mid cap IT, Construction and PSU banking stocks.
One can take position in Orchid Chem, 3iinfo, Nagarjuna construction and vijaya bank for short-term gains and also Zicom, Power grid and Ntpc.
Nifty to have support at 4525/4500/480 and resitance at 4580/4620/4650.
Have a nice trading day.
Sunday, August 16, 2009
Market OutLoot 17-AUG-2009
On global cues market to open flattish with negative bias for the day, Friday’s closing indicates the loosing of strength in the market for the next few trading sessions.
As the monsoon situations still remains grim, we advise our client to book profits at higher levels.
Nifty to trade in the range 4410 – 4700 in the short –term, either side break to give new direction to the market.
In this market condition also one has trading opportunities provider you choose the right sector, one can watch for Media, Sugar, Mid cap IT and PSU Power stocks for positional calls.
Activity for the week will be seen in Prism cement, 3iinfo,NTPC and Rpower.
Ahead of NHPC listing one can pick up PSU power stocks like NTPC, POWER GRID, and REC for short-term gains.
Nifty to have support at 4520/4500/4450 and resistance at 4600/4620/4650 for the day.
Have a nice trading day.
As the monsoon situations still remains grim, we advise our client to book profits at higher levels.
Nifty to trade in the range 4410 – 4700 in the short –term, either side break to give new direction to the market.
In this market condition also one has trading opportunities provider you choose the right sector, one can watch for Media, Sugar, Mid cap IT and PSU Power stocks for positional calls.
Activity for the week will be seen in Prism cement, 3iinfo,NTPC and Rpower.
Ahead of NHPC listing one can pick up PSU power stocks like NTPC, POWER GRID, and REC for short-term gains.
Nifty to have support at 4520/4500/4450 and resistance at 4600/4620/4650 for the day.
Have a nice trading day.
Monday, August 10, 2009
Market OutLook 11-AUG-2009
Market to open with flattish with positive bias for the first hour of trading, selling will emerge at higher levels due to monsoon concerns which will hinder the GDP growth.
For the last few trading market has seen correction and this correction can extent to 4200 levels, If today nifty trades below 4410 further selling can be expected till 4350 levels.
Nifty to trade in the range 4410-4500, either side break to give new direction to the market for the day.
Traders can go long at 4450 levels with a stop loss of 4410, Activity can be seen in Sugar, Pharma and mid cap IT stocks.
One can watch for Renuka sugar in sugar sector, Orchid in pharma , FSL& 3iinfo in mid cap IT stocks.
Media stocks are good long term bets one can buy NDTV and TVTODAY on decline from the current levels.
Nifty to have support at 4410/4380/4350 and resistance at 4465/4490/4525 for the day.
Have a nice trading day.
For the last few trading market has seen correction and this correction can extent to 4200 levels, If today nifty trades below 4410 further selling can be expected till 4350 levels.
Nifty to trade in the range 4410-4500, either side break to give new direction to the market for the day.
Traders can go long at 4450 levels with a stop loss of 4410, Activity can be seen in Sugar, Pharma and mid cap IT stocks.
One can watch for Renuka sugar in sugar sector, Orchid in pharma , FSL& 3iinfo in mid cap IT stocks.
Media stocks are good long term bets one can buy NDTV and TVTODAY on decline from the current levels.
Nifty to have support at 4410/4380/4350 and resistance at 4465/4490/4525 for the day.
Have a nice trading day.
Wednesday, August 5, 2009
Market OutLook 06-AUG-2009
On the mixed global cues market to open flattish with negative bias for the day and expected to be volatile from the second session of trading.
Market to take new direction after the announcement of inflation data, profit booking is expected at higher levels.
A weak monsoon remains a cause of concern.
Nifty unable to close above 4700 is a clear indication of weakness in the market, for the rally to continue nifty should close above 4700 for two consecutive days, I think this will not happen due to profit booking at higher levels.
Nifty to trade in the range 4620-4720, either side break to give new direction to the market for the day.
Activity can be seen in private banks stocks, watch for Aix bank and Bank of Rajasthan.
Nifty to have support at 4640/4610/4580 and resistance at 4720/4750/4780 for the day.
Market to take new direction after the announcement of inflation data, profit booking is expected at higher levels.
A weak monsoon remains a cause of concern.
Nifty unable to close above 4700 is a clear indication of weakness in the market, for the rally to continue nifty should close above 4700 for two consecutive days, I think this will not happen due to profit booking at higher levels.
Nifty to trade in the range 4620-4720, either side break to give new direction to the market for the day.
Activity can be seen in private banks stocks, watch for Aix bank and Bank of Rajasthan.
Nifty to have support at 4640/4610/4580 and resistance at 4720/4750/4780 for the day.
Tuesday, August 4, 2009
Market Outlook 5-AUG-2009
On global cues market to open flattish with negative bias for the morning session, for the rally to continue nifty should trade above 4725. Yesterday close indicates weakness in the market for the day.
Traders are advised to start booking profits on very rise, at higher levels more selling is expected in the comings days avoid any fresh long positions till a clear indication comes.
In short term nifty to trade in the range 4560- 4725, either side break to give a new direction to the market and for the day nifty to trade in the range 4620-4725,either side break to give a new direction to the market.
Any sharp correction till 4500 will be a buying opportunity and at lower levels watch for Infra, mid cap IT and power stocks.
Nifty to have support at 4640/4610/4580 and resistance at 4700/4725/4750 for the day.
Traders are advised to start booking profits on very rise, at higher levels more selling is expected in the comings days avoid any fresh long positions till a clear indication comes.
In short term nifty to trade in the range 4560- 4725, either side break to give a new direction to the market and for the day nifty to trade in the range 4620-4725,either side break to give a new direction to the market.
Any sharp correction till 4500 will be a buying opportunity and at lower levels watch for Infra, mid cap IT and power stocks.
Nifty to have support at 4640/4610/4580 and resistance at 4700/4725/4750 for the day.
Monday, August 3, 2009
Market OutLook 04-AUG-2009
Even though the global market raised sharply our market to open flattish with negative bias for the first hour of trading and there after expected to very volatile for the day.
Though nifty has closed above the 4700 levels for the rally to continue nifty should close above 4750 with good volumes.
Nifty to trade in the range 4650-4750, either side break to give new direction to the market for the day. Nifty to face strong resistance at 4800, at these levels traders are advised to book partial profits and be cautious at higher level buying.
A sudden sell –off can’t be ruled out around 4800-4850 levels.
Activity to be seen in Metal, cement stocks and mid cap IT stocks.
Watch for GMR INFRA and Nagarjuna Construction for intraday trading
Nifty to have support at 4680/4650/4580 and resistance at 4750/4780/4810 for the day.
Though nifty has closed above the 4700 levels for the rally to continue nifty should close above 4750 with good volumes.
Nifty to trade in the range 4650-4750, either side break to give new direction to the market for the day. Nifty to face strong resistance at 4800, at these levels traders are advised to book partial profits and be cautious at higher level buying.
A sudden sell –off can’t be ruled out around 4800-4850 levels.
Activity to be seen in Metal, cement stocks and mid cap IT stocks.
Watch for GMR INFRA and Nagarjuna Construction for intraday trading
Nifty to have support at 4680/4650/4580 and resistance at 4750/4780/4810 for the day.
Sunday, August 2, 2009
Market Outlook 03-AUG-2009
On global cues market to open flattish with positive bias for the first hour of trading, selling pressure to be seen at higher levels for the day.
For the rally to continue nifty hold 4650 and close above 4700, nifty could face a strong resistance at 4800 levels.
As market are in over bought zone and moreover the upcoming IPO’s can lead the market to a small correction in the next few trading sessions.
One has to follow market Thumb Rule, Buy on panic and sell on rise in this market condition.
Today nifty to trade in the range 4580-4720, either side break to give a new direction to the market and a close above 4700 level can take the nifty to 4800 in the next few trading sessions.
Buying interest can be seen in Banking and power stocks.
Investors and traders can take long positions in Power grid, PFC and Neyveli for short-term gains
Nifty to have support at 4610/4580/44525 and resistance at 4660/4690/4720 for the day.
Have a nice trading day.
For the rally to continue nifty hold 4650 and close above 4700, nifty could face a strong resistance at 4800 levels.
As market are in over bought zone and moreover the upcoming IPO’s can lead the market to a small correction in the next few trading sessions.
One has to follow market Thumb Rule, Buy on panic and sell on rise in this market condition.
Today nifty to trade in the range 4580-4720, either side break to give a new direction to the market and a close above 4700 level can take the nifty to 4800 in the next few trading sessions.
Buying interest can be seen in Banking and power stocks.
Investors and traders can take long positions in Power grid, PFC and Neyveli for short-term gains
Nifty to have support at 4610/4580/44525 and resistance at 4660/4690/4720 for the day.
Have a nice trading day.
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