On mixed global cues market to open flattish with negative bias and expected to be volatility in the afternoon trading session due to the truncated trading week.
The BHARATI-MTN deal and the positive inflation data to boost the sentiment during the first hour of trading.
If holds the 5000 levels can test 5150 today itself and however one has to be cautious at higher levels and below 5000 levels nifty can weaken further, 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 4950-5150 levels, a break below either side to give a new direction to the market, A close above 5150 will take the market 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 5020/4980/4950 and resistance at 5090/5150/5180 for the day.
Today PHARMA & IT stocks to be will be in limelight.
Watch for GLEMMARK & 3IINFO for the day.
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >141, >IDBI >123 , DCB >42 , 3IINFO> 91, GTL INFRA >42, PETRONET >76,NDTV>165
Have a nice trading day.
BSE, NSE Stock Ticker, India
Wednesday, September 30, 2009
Tuesday, September 29, 2009
Market Out Look 30-SEPT-2009
On global cues market to open flattish with negative bias for the first hour of trading and there after expected to be volatility for the day.
Yesterday nifty has moved up marginally, if holds the 5000 levels can test 5150 in the coming days and however in the intraday it can test the 4950 levels and below this can weaken further, 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 4900-5030 levels, a break below either side to give a new direction to the market, A close above 5030 will take the market to 5200 levels in the coming days and a close below 4900 to drag the nifty to 4790 in the coming days, Nifty to have support at 4950/4915/4880 and resistance at 5030/5050/5080 for the day.
Today IT, SHIPPING & PHARMA stocks to be will be in limelight.
Watch for SCI, DIVIS LABS, GEOINFO,FSL & GMRINFRA for the day.
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >141, >IDBI >123 , DCB >42 , BATA >188, GTL INFRA >42, PETRONET >76,NDTV>165
Have a nice trading day.
Yesterday nifty has moved up marginally, if holds the 5000 levels can test 5150 in the coming days and however in the intraday it can test the 4950 levels and below this can weaken further, 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 4900-5030 levels, a break below either side to give a new direction to the market, A close above 5030 will take the market to 5200 levels in the coming days and a close below 4900 to drag the nifty to 4790 in the coming days, Nifty to have support at 4950/4915/4880 and resistance at 5030/5050/5080 for the day.
Today IT, SHIPPING & PHARMA stocks to be will be in limelight.
Watch for SCI, DIVIS LABS, GEOINFO,FSL & GMRINFRA for the day.
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >141, >IDBI >123 , DCB >42 , BATA >188, GTL INFRA >42, PETRONET >76,NDTV>165
Have a nice trading day.
Monday, September 28, 2009
Market Out Look 29-SEPT-2009
On global cues market to open with high gap up with negative bias for the first hour of trading and there after expected to be volatility for the day.
Market are in uptrend and any dip will be a buying opportunity with long –term point of view, anyhow 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 4900-5030 levels, a break below either side to give a new direction to the market, A close above 5030 will take the market to 5200 levels in the coming days and a close below 4900 to drag the nifty to 4750 in the coming days, Nifty to have support at 4930/4915/4880 and resistance at 5000/5030/5090 for the day.
Today telecom and infrastructure stock will be in limelight.
Watch for TTML, ITI IN Telecom and GMRINFRA & NAGARJUNA CONSSTRUCTION in infra
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >141, >IDBI >123 , DCB >4281 , BATA >188, GTL INFRA >42.
Have a nice trading day.
Market are in uptrend and any dip will be a buying opportunity with long –term point of view, anyhow 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 4900-5030 levels, a break below either side to give a new direction to the market, A close above 5030 will take the market to 5200 levels in the coming days and a close below 4900 to drag the nifty to 4750 in the coming days, Nifty to have support at 4930/4915/4880 and resistance at 5000/5030/5090 for the day.
Today telecom and infrastructure stock will be in limelight.
Watch for TTML, ITI IN Telecom and GMRINFRA & NAGARJUNA CONSSTRUCTION in infra
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >141, >IDBI >123 , DCB >4281 , BATA >188, GTL INFRA >42.
Have a nice trading day.
Thursday, September 17, 2009
Market OutLook 18-sept-2009
On global cues market to open flattish with negative bias during the first session of trading and at lower levels buying can emerge.
Yesterday nifty could not get over 5000 marks, we expect correction in the market today and advice traders to lighten their long positions by booking partial profits and wait for the correction to re-enter at 4850 levels which is a strong support a break below this can drag the nifty further and can test 4650 levels.
Nifty to trade in the range 4950-5030, either side break to give a new direction to the market.
Technically nifty to have support at 4950/4920/4880 and resistance 5000/5030/5050 for the day.
The following scrip’s appears good for short-term investments
Chambal > 56, 3iinfo >91, Ifci > 60, Raymonds > 212, Dabur > 131, Nag cont > 144 and Essar oil > 165
Have a nice trading day.
Yesterday nifty could not get over 5000 marks, we expect correction in the market today and advice traders to lighten their long positions by booking partial profits and wait for the correction to re-enter at 4850 levels which is a strong support a break below this can drag the nifty further and can test 4650 levels.
Nifty to trade in the range 4950-5030, either side break to give a new direction to the market.
Technically nifty to have support at 4950/4920/4880 and resistance 5000/5030/5050 for the day.
The following scrip’s appears good for short-term investments
Chambal > 56, 3iinfo >91, Ifci > 60, Raymonds > 212, Dabur > 131, Nag cont > 144 and Essar oil > 165
Have a nice trading day.
Tuesday, September 15, 2009
Market Out Look 16-SEPT-2009
On global cues market to open at higher levels with positive bias for the day, the positive new from international and domestic to take the market to further higher levels.
As nifty has closed above the 4850, it can now test the 5150 mark in the next few trading session
The advance tax report paid by the major corporate and FII have bought worth 3500 cr in the last seven trading sessions to boost the sentiment.
Investors and trader are advice to be cautious at 5150 levels and should book partial profits at these levels.
Banking, IT, steel , media and power stocks to be in limelight.
Technically nifty to have support at 4850/4800/4750 and resistance at 4930/4960/5000 for the day.
Have a nice trading sessions.
As nifty has closed above the 4850, it can now test the 5150 mark in the next few trading session
The advance tax report paid by the major corporate and FII have bought worth 3500 cr in the last seven trading sessions to boost the sentiment.
Investors and trader are advice to be cautious at 5150 levels and should book partial profits at these levels.
Banking, IT, steel , media and power stocks to be in limelight.
Technically nifty to have support at 4850/4800/4750 and resistance at 4930/4960/5000 for the day.
Have a nice trading sessions.
Monday, September 14, 2009
Market Out Look 15-SEPT-2009
On mixed global cues, market to open flattish with positive bias in the first hour of trading and thereafter to be range bound as it has been in the last 7-8 trading sessions and in the second session some kind of volatile can be seen.
Nifty to trade in the range 4780-4830, either side break to give a new direction to the market, We advice our clients to stay away from the market for the next few trading sessions, If nifty closes below 4790 then it can test 4600 levels in the coming days and on the other side a close above 4850 to take nifty to 5150 levels shortly.
Investors can buy banking, Power and media stocks on decline for long-term gains and traders can look at sugar, Textiles and mid cap steels for short-term gains.
Technically nifty to have support at 4780/4750/4710 and resistance at 4830/4860/4890 for the day.
Have a nice trading day.
Nifty to trade in the range 4780-4830, either side break to give a new direction to the market, We advice our clients to stay away from the market for the next few trading sessions, If nifty closes below 4790 then it can test 4600 levels in the coming days and on the other side a close above 4850 to take nifty to 5150 levels shortly.
Investors can buy banking, Power and media stocks on decline for long-term gains and traders can look at sugar, Textiles and mid cap steels for short-term gains.
Technically nifty to have support at 4780/4750/4710 and resistance at 4830/4860/4890 for the day.
Have a nice trading day.
Thursday, September 10, 2009
Market Out Look 11-SEPT-2009
Nifty to extent last five days gains further on positive global cues, market is expected to trade on the higher side during the morning session and at higher levels selling pressure is expected in the afternoon session any fall in the market is buying opportunity in the market.
As long as nifty trade above 4750 no need to panic, today the focus will be on the IIP data for the month of July and market to react accordingly.
Nifty to trade in the range 4760-4830, either side break to give new direction to the market.
The revival of the Monsoon all over India to boost the sentiment further and one can see good activity in Fertilizer, seeds and pesticides stocks.
Buy CHAMBAL FERT, NAGARJUNA FERT, UNITED PHOS and KAVERI SEEDS short-term gains.
Technically nifty to have support at 4780/4750/4705 and resistance at 4830/4850/4890 for the day.
Have nice trading day.
As long as nifty trade above 4750 no need to panic, today the focus will be on the IIP data for the month of July and market to react accordingly.
Nifty to trade in the range 4760-4830, either side break to give new direction to the market.
The revival of the Monsoon all over India to boost the sentiment further and one can see good activity in Fertilizer, seeds and pesticides stocks.
Buy CHAMBAL FERT, NAGARJUNA FERT, UNITED PHOS and KAVERI SEEDS short-term gains.
Technically nifty to have support at 4780/4750/4705 and resistance at 4830/4850/4890 for the day.
Have nice trading day.
Wednesday, September 9, 2009
Market Out Look 10-SEPT-2009
On global cues market to open on the higher side with positive bias for the day, nifty closing above 4790 continuously for the last three trading sessions indicates further upside from the current level and can test 5150 in the coming days.
Any intraday corrections are a buying opportunity for the traders as long as nifty trades above 4750 to need to panic.
Nifty to trade in the range 4780-4840, either side break to give a new direction to the market for the day.
Buying opportunity is seen in Reality, Media and Power sector stocks for the day, Buy NDTV, DISH TV ZEE TELE, RAJ TV, IBREAL, and UNITECH , POWER GRID for short-term gains.
Technically nifty to have support at 4780/4740/4720 and resistance at 4830/4850/4890 for the day.
Have a nice trading day.
Any intraday corrections are a buying opportunity for the traders as long as nifty trades above 4750 to need to panic.
Nifty to trade in the range 4780-4840, either side break to give a new direction to the market for the day.
Buying opportunity is seen in Reality, Media and Power sector stocks for the day, Buy NDTV, DISH TV ZEE TELE, RAJ TV, IBREAL, and UNITECH , POWER GRID for short-term gains.
Technically nifty to have support at 4780/4740/4720 and resistance at 4830/4850/4890 for the day.
Have a nice trading day.
Tuesday, September 8, 2009
Maret Out Look 09-09-09
On mixed global cues market to open flattish with negative bias for the first hour of trading and there after market to be volatile and buy on intraday dips will the best strategy with a stop loss of 4750 in nifty.
Yesterday nifty has once again closed above 4790 levels which is a good sign for the rally to continue to the extent of 5100 in the coming days.
Today nifty to trade in the range 4750-4840 levels, either side break to give a new direction to the market.
Activity is seen in Reality and mid cap steel sectors; one can buy UNITECH, IBREAL and VISA STEEL, ISPAT for short-term gains.
Technically nifty to have support at 4770/4740/4680 and Resistance at 4815/4840/4880 for the day.
Have a nice trading day.
Yesterday nifty has once again closed above 4790 levels which is a good sign for the rally to continue to the extent of 5100 in the coming days.
Today nifty to trade in the range 4750-4840 levels, either side break to give a new direction to the market.
Activity is seen in Reality and mid cap steel sectors; one can buy UNITECH, IBREAL and VISA STEEL, ISPAT for short-term gains.
Technically nifty to have support at 4770/4740/4680 and Resistance at 4815/4840/4880 for the day.
Have a nice trading day.
Monday, September 7, 2009
Market Out Look 08-SEPT-2009
On global cues market to open on the higher side and to trade with positive bias for the day, As Asian market are trading in green our market too is expected to be on the higher side during the first hour of trading and profit booking is expected at higher levels during second session of trading.
If nifty holds above 4790 levels can test 4850 today itself, nifty to trade in the range 4630-4850, either side break to give a new direction to the market in the coming days.
If nifty closes above 4790 for next two trading session then can test 5180 in the coming days with some minor correction and a strong support at 4620 levels.
As the global economy is recovery side and our monsoon revival to boost the sentiment in short-term, but one has to be cautious at higher levels and book profits at regular intervals and be in 30% cash position to buy on panic fall.
Activity to be seen in IDBI,NAGARJUNA FERTILIZER ,NDTV,ISPAT,FSL,BALRAMPUR CHINNI,NEYVELI LIGNITE AND BHARAT FORGE, one can buy these stocks for short-term gains from the current .
Technically nifty to have support at 4760/4730/4650 and resistance at 4820/4850/4880 for the day.
If nifty holds above 4790 levels can test 4850 today itself, nifty to trade in the range 4630-4850, either side break to give a new direction to the market in the coming days.
If nifty closes above 4790 for next two trading session then can test 5180 in the coming days with some minor correction and a strong support at 4620 levels.
As the global economy is recovery side and our monsoon revival to boost the sentiment in short-term, but one has to be cautious at higher levels and book profits at regular intervals and be in 30% cash position to buy on panic fall.
Activity to be seen in IDBI,NAGARJUNA FERTILIZER ,NDTV,ISPAT,FSL,BALRAMPUR CHINNI,NEYVELI LIGNITE AND BHARAT FORGE, one can buy these stocks for short-term gains from the current .
Technically nifty to have support at 4760/4730/4650 and resistance at 4820/4850/4880 for the day.
Sunday, September 6, 2009
Market Out Look 7-SEPT-2009
Market to open flattish with positive bias for the first hour of trading session, If holds the 4730 levels then nifty can test 4750 levels, At higher levels profit booking is expected and thereafter market to be volatile for the day.
Nifty to trade in the range 4630 - 4750, either side break to give a new direction to the market.
If nifty closes above 4750 levels for two strading sessions then the rally to continue till 5100 level in short-term
Activity to be seen in IT,PHARMA, STEEL and Financial institution stocks, Buy 3IINFO,FSL,IDBI,IFCI,IDFC,TATASTEEL,PSL HOLDING,WELSPUN GUJ,BRFL and RANBAXY for short-term gains.
Technically nifty to have support at 4630/4600/4575 and resistance at 4700/4730/4760 for the day.
Have a nice trading day.
Nifty to trade in the range 4630 - 4750, either side break to give a new direction to the market.
If nifty closes above 4750 levels for two strading sessions then the rally to continue till 5100 level in short-term
Activity to be seen in IT,PHARMA, STEEL and Financial institution stocks, Buy 3IINFO,FSL,IDBI,IFCI,IDFC,TATASTEEL,PSL HOLDING,WELSPUN GUJ,BRFL and RANBAXY for short-term gains.
Technically nifty to have support at 4630/4600/4575 and resistance at 4700/4730/4760 for the day.
Have a nice trading day.
Thursday, September 3, 2009
Market Out Look 04-SEPT-2009
Market to open flattish with negative bias for the day and expected to be volatile from the second session of trading.
Market looks tired and to be range bound for the next few trading sessions, Nifty to trade in the range 4560 -4650, either side break to give a new direction to the market.
Investors are advised to book profits in the mid cap stocks and buy large cap stocks on dips.
Activity is seen in oil marketing and large cap technology stocks, Buy IOC, HPCL and BPCL in oil sector and INFOSYS ,TCS and HCL TECH in IT sector for short-term gains.
Technically nifty to have support at 4575/4550/4500 and resistance at 4620/4650/4690 for the day.
Have a nice trading day.
Market looks tired and to be range bound for the next few trading sessions, Nifty to trade in the range 4560 -4650, either side break to give a new direction to the market.
Investors are advised to book profits in the mid cap stocks and buy large cap stocks on dips.
Activity is seen in oil marketing and large cap technology stocks, Buy IOC, HPCL and BPCL in oil sector and INFOSYS ,TCS and HCL TECH in IT sector for short-term gains.
Technically nifty to have support at 4575/4550/4500 and resistance at 4620/4650/4690 for the day.
Have a nice trading day.
Tuesday, September 1, 2009
Market Out Look 02-SEPT-2009
On weak global cues market to open with lower gap, yesterday nifty was unable to sustain the 4730 levels, Today if nifty trades below 4580 selling pressure to intensify and can drag the nifty to 4400 levels in the next few trading sessions.
In this market condition one has to avoid fresh long positions and liquidate your positions and be in cash for the right buy opportunity and to sense one can start buying in small lots around 4325 levels.
Nifty to trade in the range 4550 – 4650, either side break to give a new direction to the market for the day.
Selling pressure to be seen in metal, Banking and capital goods, Tata steel can test 380 levels for the day.
Technically nifty to have support at 4600/4580/4550 and resistance 4630/4650/4700 for the day.
Have a nice trading day.
In this market condition one has to avoid fresh long positions and liquidate your positions and be in cash for the right buy opportunity and to sense one can start buying in small lots around 4325 levels.
Nifty to trade in the range 4550 – 4650, either side break to give a new direction to the market for the day.
Selling pressure to be seen in metal, Banking and capital goods, Tata steel can test 380 levels for the day.
Technically nifty to have support at 4600/4580/4550 and resistance 4630/4650/4700 for the day.
Have a nice trading day.
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