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.
BSE, NSE Stock Ticker, India
Thursday, October 29, 2009
Wednesday, October 28, 2009
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.
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.
Tuesday, October 27, 2009
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.
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.
Monday, October 26, 2009
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.
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.
Sunday, October 25, 2009
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.
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.
Wednesday, October 21, 2009
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.
Monday, October 19, 2009
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.
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.
Wednesday, October 14, 2009
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.
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.
Tuesday, October 13, 2009
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.
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.
Sunday, October 11, 2009
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.
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.
Thursday, October 8, 2009
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.
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.
Wednesday, October 7, 2009
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.
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.
Tuesday, October 6, 2009
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.
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.
Monday, October 5, 2009
Market Out Look 06-OCT-2009
On weak global cues market to open at higher levels during the morning session and there after expected to be volatility for the day, a pullback rally can be expected today however at higher levels selling pressure to emerge.
Nifty seems to be losing its strength, a close below 5000 levels can drag the nifty to 4900 and then 4790 levels in the coming days for the rally to continue nifty should close above the 5100 levels, 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 4950-5100 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 4910/4950/4980 and resistance at 5040/5060/5100 for the day.
One can buy Rcom today around 288 today
Traders can go short at higher levels in Metal and IT stocks for the day
The following are the scrip’s to buy on panic selling for medium –term gains.
GMRINFARA@57 , IDBI@110 , DCB @36, IDFC@141 , GTL INFRA@37, ISPAT@22 , RCOMM@288, Rpower@ 152 & ZICOM @91
Have a nice trading day.
Nifty seems to be losing its strength, a close below 5000 levels can drag the nifty to 4900 and then 4790 levels in the coming days for the rally to continue nifty should close above the 5100 levels, 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 4950-5100 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 4910/4950/4980 and resistance at 5040/5060/5100 for the day.
One can buy Rcom today around 288 today
Traders can go short at higher levels in Metal and IT stocks for the day
The following are the scrip’s to buy on panic selling for medium –term gains.
GMRINFARA@57 , IDBI@110 , DCB @36, IDFC@141 , GTL INFRA@37, ISPAT@22 , RCOMM@288, Rpower@ 152 & ZICOM @91
Have a nice trading day.
Sunday, October 4, 2009
Market Out Look 05-OCT-2009
On weak global cues market to open flattish with negative bias during the morning session and there after expected to be volatility for the day.
Nifty seems to be losing its strength, for the rally to continue it should holds the 5000 levels and can test 5150 in the coming days and however in the intraday it can test the 5000 levels which should be a strong support level and if closes 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 5000-5150 levels, a break below either side to give a new direction to the market, A close above 5100 can take nifty to 5200 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 5050/5020/4980 and resistance at 5100/5120/5180 for the day.
One can take position in the below give sectors and stocks on dips for the day with a view for short-term gains.
Today IT, METAL & INFRA stocks to be will be in limelight.
Watch for GMRINFRA, RCOMM and REC for the day.
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >76, >IDBI >127, DCB >42, IDFC >157, GTL INFRA >42, ISPAT >25, RCOMM >323 & ZICOM >102
Have a nice trading day.
Nifty seems to be losing its strength, for the rally to continue it should holds the 5000 levels and can test 5150 in the coming days and however in the intraday it can test the 5000 levels which should be a strong support level and if closes 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 5000-5150 levels, a break below either side to give a new direction to the market, A close above 5100 can take nifty to 5200 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 5050/5020/4980 and resistance at 5100/5120/5180 for the day.
One can take position in the below give sectors and stocks on dips for the day with a view for short-term gains.
Today IT, METAL & INFRA stocks to be will be in limelight.
Watch for GMRINFRA, RCOMM and REC for the day.
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >76, >IDBI >127, DCB >42, IDFC >157, GTL INFRA >42, ISPAT >25, RCOMM >323 & ZICOM >102
Have a nice trading day.
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