On mixed global cues market to open slightly higher levels with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold and close above 5050 levels.
Yesterday nifty opened with a strong notes and further buying emerged due to the improved GDP figures and thereafter nifty traded at higher levels throughout the day.
For this rally to continue nifty should trade above the 5050, now 4980 to be considered as strong support and on the other hand will face resistance as 5120 level, in my view face selling pressure to emerge at higher levels and can test 4750 level in the coming days and on the other side if nifty cross above 5120 then can test 5300 in the next few trading sessions.
Investors are advised to be cautious till the clear picture emerges.
Nifty to trade in the range 4750 – 5120 for the next few trading sessions, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 4980-5120 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950 and resistance at 5070/5100 /5120 for the day.
IN METAL SPACE TATASTEEL, JSW & SAIL CAN BE BOUGHT ON DIPS
IN IT SPACE TCS, NIIT TECH, POLARIS CAN BE BOUGHT ON DIPS
Have a nice trading day.
BSE, NSE Stock Ticker, India
Monday, November 30, 2009
Sunday, November 29, 2009
Market OutLook 30-NOV-2009
On mixed global cues market to open slightly higher levels with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5000 levels.
Friday nifty corrected on Dubai crisis ad bounced back from the its support level of 4800 levels, now 4800-4788 to be considered as strong support and on the other hand will face resistance as 5000 level in my view face selling pressure at higher levels and can test 4750 level in the coming days.
Investors are advised to book profits today at higher levels to re-enter at 4750 levels.
Nifty to trade in the range 4750 – 5050 for the next few trading sessions, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 4920-5010 levels, either side break to give a new direction to the market.
Technically nifty can take support at 4920/4880/4800 and resistance at 4980/5010 /5050 for the day.
Due to the Dubai crisis infra, capital goods, gems & jewelry and reality to come under selling pressure at higher levels.
THE FOLLOWING SECTORS TO COME UNDER SELLING PRESSURE DUE TO THE DUBAI CRISIS.
Nagarjuna Construction, L&T, Rajesh Exports & Voltas.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
HOTEL LEELA > 39.5 SL 38 TGT 43
PANTALOON RETAIL >343 SL 331 TGT 360
Have a nice trading day.
Friday nifty corrected on Dubai crisis ad bounced back from the its support level of 4800 levels, now 4800-4788 to be considered as strong support and on the other hand will face resistance as 5000 level in my view face selling pressure at higher levels and can test 4750 level in the coming days.
Investors are advised to book profits today at higher levels to re-enter at 4750 levels.
Nifty to trade in the range 4750 – 5050 for the next few trading sessions, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 4920-5010 levels, either side break to give a new direction to the market.
Technically nifty can take support at 4920/4880/4800 and resistance at 4980/5010 /5050 for the day.
Due to the Dubai crisis infra, capital goods, gems & jewelry and reality to come under selling pressure at higher levels.
THE FOLLOWING SECTORS TO COME UNDER SELLING PRESSURE DUE TO THE DUBAI CRISIS.
Nagarjuna Construction, L&T, Rajesh Exports & Voltas.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
HOTEL LEELA > 39.5 SL 38 TGT 43
PANTALOON RETAIL >343 SL 331 TGT 360
Have a nice trading day.
Tuesday, November 24, 2009
market OutLook 25-NOV-2009
On mixed global cues market to open flattish with positive bias during the morning session, Selling is expected from the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5080 levels.
Yesterday nifty closed well above the support level of 5080 indicating strength in the market but ahead of F & O settlement one has to be cautious at higher levels.
Now nifty is range bound with resistance at 5150 and support at 5020 levels, one can take positions in small lots with a stop loss of 5000.
Till the F & O settlement nifty to trade in the range 4950-5180, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5080-5120 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5050/5020/5000/ and resistance at 5120/5150 /5180 for the day.
IN BANKING SPACE DENA BANK,SYNDICATE BANK & ANDHRA BANK TO BE ACTIVE.
IN IT SPACE NIIT TECH, POLARIS & HEXAWARE TO BE ACTIVE.
IN FERTILIZER SPACE CHAMBAL & TATA CHEM TO BE ACTIVE
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BFRL > 192 SL 188 TGT 220
SRF > 188 SL 184 TGT 200
TATACHEM > 288 SL 281 TGT 310
SAIL > 198 SL 194 TGT 215
GDL >131 SL 128 TGT 141
SYNDICATE BANK >97 SL 93 TGT 104
Have a nice trading day.
Yesterday nifty closed well above the support level of 5080 indicating strength in the market but ahead of F & O settlement one has to be cautious at higher levels.
Now nifty is range bound with resistance at 5150 and support at 5020 levels, one can take positions in small lots with a stop loss of 5000.
Till the F & O settlement nifty to trade in the range 4950-5180, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5080-5120 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5050/5020/5000/ and resistance at 5120/5150 /5180 for the day.
IN BANKING SPACE DENA BANK,SYNDICATE BANK & ANDHRA BANK TO BE ACTIVE.
IN IT SPACE NIIT TECH, POLARIS & HEXAWARE TO BE ACTIVE.
IN FERTILIZER SPACE CHAMBAL & TATA CHEM TO BE ACTIVE
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BFRL > 192 SL 188 TGT 220
SRF > 188 SL 184 TGT 200
TATACHEM > 288 SL 281 TGT 310
SAIL > 198 SL 194 TGT 215
GDL >131 SL 128 TGT 141
SYNDICATE BANK >97 SL 93 TGT 104
Have a nice trading day.
Monday, November 23, 2009
Market Outlook 24-NOV-2009
On mixed global cues market to open flattish with positive bias during the morning session, Selling is expected in the midsession and thereafter to be volatile for the day, for the rally to continue nifty should hold above 5080 levels.
Yesterday nifty broke the resistance of 5080 and closed above 5100 indicating strength in the market but ahead of F & O settlement one has to be cautious at higher levels and our market is more influenced by the global cues these days.
Now the entire trend looks up and any decline should be treated as a buying opportunity, in between some correction will be there due to global cues.
Till the F & O settlement nifty to trade in the range 4950-5180,either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5080-5120 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5080/5050/5000/ and resistance at 5120/5150 /5170 for the day.
IN PHARMA SPACE CIPLA, DIVIS LAB & BIOCOM TO BE ACTIVE.
IN IT SPACE NIIT TECH, POLARIS & HEXAWARE TO BE ACTIVE.
IN TEXTILES ROYMONDS, ARVIND MILL & BRFL TO BE ACTIVE.
IN CEMENT SPACE INDIA CEMENT, MADRAS CEMENT & PRISM TO BE ACTIVE.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
INDIA CEMENT >105 SL 102 TGT 112
BFRL > 198 SL 192 TGT 220
MADRAS CEMENT >110 SL 107 TGT 118
NIIT TECH > 159 SL 157 TGT 168
GODREJ IND > 199 SL 194 TGT 210
BERGER PAINT > 63 SL 60 TGT 70
Have a nice trading day.
Yesterday nifty broke the resistance of 5080 and closed above 5100 indicating strength in the market but ahead of F & O settlement one has to be cautious at higher levels and our market is more influenced by the global cues these days.
Now the entire trend looks up and any decline should be treated as a buying opportunity, in between some correction will be there due to global cues.
Till the F & O settlement nifty to trade in the range 4950-5180,either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5080-5120 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5080/5050/5000/ and resistance at 5120/5150 /5170 for the day.
IN PHARMA SPACE CIPLA, DIVIS LAB & BIOCOM TO BE ACTIVE.
IN IT SPACE NIIT TECH, POLARIS & HEXAWARE TO BE ACTIVE.
IN TEXTILES ROYMONDS, ARVIND MILL & BRFL TO BE ACTIVE.
IN CEMENT SPACE INDIA CEMENT, MADRAS CEMENT & PRISM TO BE ACTIVE.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
INDIA CEMENT >105 SL 102 TGT 112
BFRL > 198 SL 192 TGT 220
MADRAS CEMENT >110 SL 107 TGT 118
NIIT TECH > 159 SL 157 TGT 168
GODREJ IND > 199 SL 194 TGT 210
BERGER PAINT > 63 SL 60 TGT 70
Have a nice trading day.
Sunday, November 22, 2009
DSP BLACKROCK GLOBAL MINING FUND :
A TRULY GLOBAL INVESTMENT OPPORTUNITY
The DSP BLACKROCK mutual fund is launching a new fund offer in the form of World Mining Fund; it’s an open-ended fund of fund (FOF).
This fund will be investing in the units of BlackRock Global-World Mining Fund, which in turn invests in equity of top class mining and metal companies such as Iron Ore, Copper, Aluminum, Energy Coal, metallurgical Coal, Gold, Nickel and Platinum.
The sectorial exposure of this scheme will be in Diversified - 35%, Gold - 15%, Copper - 15%, Platinum - 7%, Coal - 5%, Aluminum - 1% and the balance in remaining commodities and the Geographic weightage are UK - 35%, USA - 25%, SOUTH AFRICA - 10%, CANADA - 9%, AUSTRALASIA - 8%,
LATIN AMEERICA - 3%, EUROPE-EX UK - 3%, CHINA-1%.
The main theme of this scheme is to benefit from the sustainable rise in the commodities prices as the commodities prices are directly related to the growth of the economy and as we see the global macro situation improving which will lead to growth in GDP, the forecasted global GDP growth in 2010 is at 3.3% which will raise the commodity demand across the global by then.
The urbanization in Asia is at a rapid pace which will trigger the demand of commodities and is expected to be double in the year 2030 from now.
The rapid pace of urbanization and industrialization will lead to material intensive growth and in turn to increase the demand for commodities and on the other hand the supply –side constraints to increase the price of commodities.
BGF-WORLD MINING FUND PERFORMANCE:
This is one of the largest funds in its category in the world and has a long-term performance track record.
- Launch in 1997
- Asset Under Management (AUM) appox US $ 11.5 bn (INR 53769 cr.)
- AAA rate from S & P Fund Research
- Elite rate from Morning star
| Return | 1 Year | 3 Years | 5 Years | Since Inception |
|---|---|---|---|---|
| BGF-WORLD MINING FUND | 71.1% | 5.7% | 19.3% | 17.8% |
In India the performance of DSP BLACKROCK has been very impressive though they have a very conservative style of investment philosophy, The fund house has one 5-star, five 4-star, five 3-star and three 2-star rated funds from Value Research.
The world mining fund scheme theme argues well when the macro situation of the global economy is improving, DSPBR has always has the history of introducing innovative scheme at right time and their previous similar scheme such as the Gold Fund and the Natural Resource fund has given good return to the investors.
As the global economy is reviving this scheme is worth investing and will be suitable for a conservative investor who is looking for a global investment opportunity and diversification of his portfolio across the asset class with a long-term view of 2-3 year from now.
DSP BLACKROCK WORLD MINING FUND SCHEME FEATURES:
| SCHEME | Open ended international fund of fund |
| OFFER DATE | 23-11-2009 TO 18-12-2009 |
| MINIMUM AMOUNT | Rs 5000 and multiples of Re 1 |
| OPTIONS | Growth & Dividend (Pay-out & Reinvestment) |
| LOAD |
|
Market outLook 23-NOV-2009
On mixed global cues market to open lower with negative bias during the morning session, if nifty trades below 5020 level then further weakness is expected in the market.
On Friday nifty pulled back from the 4920 levels and broke all the resistance level of the day. Looks as if the correction is halted at this level and attempting to touch the 5200 level, this will happen only when nifty trades above the 4900 level.
Now the entire trend looks up and any decline should be treated as a buying opportunity, in between some correction will be there due to global cues.
Today in the intraday nifty to trade in the range 5020-5080 levels, either side break to give a new direction to the market.Technically nifty can take support at 5020/4980/4950/ and resistance at 5070/5090 /51200 for the day.
IN BANKING SPACE DENA BANK, VIJAYA BANK & ANDHRA BANK TO BE ACTIVE FOR THE DAY.
IN MEDIA SPACE NDTV & TVTODAY TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
IDBI >128 SL 125 TGT 136
DENA BANK >81 SL 78 TGT 88
ANDHARA BANK >123 SL 121 TGT 131
Have a nice trading day.
On Friday nifty pulled back from the 4920 levels and broke all the resistance level of the day. Looks as if the correction is halted at this level and attempting to touch the 5200 level, this will happen only when nifty trades above the 4900 level.
Now the entire trend looks up and any decline should be treated as a buying opportunity, in between some correction will be there due to global cues.
Today in the intraday nifty to trade in the range 5020-5080 levels, either side break to give a new direction to the market.Technically nifty can take support at 5020/4980/4950/ and resistance at 5070/5090 /51200 for the day.
IN BANKING SPACE DENA BANK, VIJAYA BANK & ANDHRA BANK TO BE ACTIVE FOR THE DAY.
IN MEDIA SPACE NDTV & TVTODAY TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
IDBI >128 SL 125 TGT 136
DENA BANK >81 SL 78 TGT 88
ANDHARA BANK >123 SL 121 TGT 131
Have a nice trading day.
Thursday, November 19, 2009
Market OutLook 20-NOV-2009
On weak global cues market to slightly lower with negative bias for the morning session of trading and thereafter from the lower levels pull back is expected during the midsession if nifty holds above 4900 level.
Yesterday nifty traded weak and was unable to hold at higher levels but closed below well above the 5000 mark indicating further weakness. Overall the market looks weak for now with a strong support at 4910 levels, Yesterday nifty did touch 4960 levels but did not breach the 4950, in case today if nifty breaks the 4950 then can test 4900 levels which the strong support level.
If nifty closes below 4900 then don’t remain long in the market as nifty can test the 4800 mark in the coming days.
The Present correction will give an opportunity to buy some movementum good stocks like ROLTA, POLARIS TATAMOTORS, ANDHRA BANK & DENA BANK
Today in the intraday nifty to trade in the range 4910-5000 levels, either side break to give a new direction to the market.
Technically nifty can take support at 4940/4910/4850/ and resistance at 4980/5000 /5050 for the day.
THE FOLLOWING STOCKS CAN BE SOLD FOR SHORT-TERM GAINS.
UNTITECH < 81 SL 84 TGT 75
RNRL < 71 SL 74 TGT 65
Have a nice trading day.
Yesterday nifty traded weak and was unable to hold at higher levels but closed below well above the 5000 mark indicating further weakness. Overall the market looks weak for now with a strong support at 4910 levels, Yesterday nifty did touch 4960 levels but did not breach the 4950, in case today if nifty breaks the 4950 then can test 4900 levels which the strong support level.
If nifty closes below 4900 then don’t remain long in the market as nifty can test the 4800 mark in the coming days.
The Present correction will give an opportunity to buy some movementum good stocks like ROLTA, POLARIS TATAMOTORS, ANDHRA BANK & DENA BANK
Today in the intraday nifty to trade in the range 4910-5000 levels, either side break to give a new direction to the market.
Technically nifty can take support at 4940/4910/4850/ and resistance at 4980/5000 /5050 for the day.
THE FOLLOWING STOCKS CAN BE SOLD FOR SHORT-TERM GAINS.
UNTITECH < 81 SL 84 TGT 75
RNRL < 71 SL 74 TGT 65
Have a nice trading day.
Wednesday, November 18, 2009
Market OutLook 19-NOV-2009
On mixed global cues market to open flattish with negative bias for the morning session of trading and thereafter pull back is expected from the lower levels during the midsession, one has to be cautious at higher levels for intraday.
Yesterday nifty traded weak and was unable to hold at higher levels but closed well above the 5050 mark. Overall the market looks weak for now with a strong support at 5000 levels, Yesterday nifty did touch 5070-5080 levels several times but was unable to breach it suppose today if it is able to sustain above that level then nifty can test the 5150 levels.
If nifty closes above 5000 one can stay invested in the market. A break below this level can drag the nifty to the extent of 4950 levels today.Nifty has strong support at 5000-4980 levels, based on yesterday’s trade if nifty crosses above the 5100 level today then can test 5150 in the next two days and in this week itself nifty has the potential to test 5180-5200 levels. Today in the intraday nifty to trade in the range 4990-5080 levels, either side break to give a new direction to the market.Technically nifty can take support at 5020/5010/4990 and resistance at 5080/5090 /5120 for the day.I
N OIL & GAS SPACE CHENNAI PERTO, GAIL & PERTRO NET LOOKS GOOD.
IN METAL SAIL, TATASTEEL AND JSW LOOKS GOOD.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
GTL INFRA >31 SL 30 TGT 37
GMR INFRA >68 SL 65 TGT 71
UCAL FUEL >63 SL 60 TGT 76
GULF OIL >102 SL 97 TGT 110
Have a nice trading day.
Yesterday nifty traded weak and was unable to hold at higher levels but closed well above the 5050 mark. Overall the market looks weak for now with a strong support at 5000 levels, Yesterday nifty did touch 5070-5080 levels several times but was unable to breach it suppose today if it is able to sustain above that level then nifty can test the 5150 levels.
If nifty closes above 5000 one can stay invested in the market. A break below this level can drag the nifty to the extent of 4950 levels today.Nifty has strong support at 5000-4980 levels, based on yesterday’s trade if nifty crosses above the 5100 level today then can test 5150 in the next two days and in this week itself nifty has the potential to test 5180-5200 levels. Today in the intraday nifty to trade in the range 4990-5080 levels, either side break to give a new direction to the market.Technically nifty can take support at 5020/5010/4990 and resistance at 5080/5090 /5120 for the day.I
N OIL & GAS SPACE CHENNAI PERTO, GAIL & PERTRO NET LOOKS GOOD.
IN METAL SAIL, TATASTEEL AND JSW LOOKS GOOD.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
GTL INFRA >31 SL 30 TGT 37
GMR INFRA >68 SL 65 TGT 71
UCAL FUEL >63 SL 60 TGT 76
GULF OIL >102 SL 97 TGT 110
Have a nice trading day.
Tuesday, November 17, 2009
Market OutLook 18-NOV-2009
On mixed global cues market to open flattish with negative bias for the morning session of trading and thereafter pull back is expected from the lower levels during the midsession, one has to be cautious at higher levels for intraday.
Yesterday nifty traded weak and was unable to hold at higher levels but closed well above the 5050 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5200 mark now with minor intraday correction with a strong support of 4980 level.
If nifty closes above 5000 one can stay invested in the market.
Nifty has strong support at 5000-4980 levels, if nifty crosses above the 5070 level today then can test 5150 in the next two days and this week nifty has the potential to test 5180-5200 levels.Today in the intraday nifty to trade in the range 4980-5070 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5040/5010/4980 and resistance at 5070/5090 /5120 for the day.
IN OIL & GAS SPACE CHENNAI PERTO, MRPL & ONGC LOOKS GOOD.
IN CHEMICAL & FERTILIZER CHAMBAL, TATACHEM & DCW LOOKS GOOD.
IN METAL SAIL, TATASTEEL AND JSW LOOKS GOOD.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS .
SUZLON >71 SL 70 TGT 78-81
RUCHI SOYA >88 SL 84 TGT 97
SAIL >188 SL 184 TGT 200
GUJ.NRE >68 SL 65 TGT 76
PRAJ >94 SL 91 TGT 102
POLARIS > 178 SL 174 TGT 185
Have a nice trading day.
Yesterday nifty traded weak and was unable to hold at higher levels but closed well above the 5050 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5200 mark now with minor intraday correction with a strong support of 4980 level.
If nifty closes above 5000 one can stay invested in the market.
Nifty has strong support at 5000-4980 levels, if nifty crosses above the 5070 level today then can test 5150 in the next two days and this week nifty has the potential to test 5180-5200 levels.Today in the intraday nifty to trade in the range 4980-5070 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5040/5010/4980 and resistance at 5070/5090 /5120 for the day.
IN OIL & GAS SPACE CHENNAI PERTO, MRPL & ONGC LOOKS GOOD.
IN CHEMICAL & FERTILIZER CHAMBAL, TATACHEM & DCW LOOKS GOOD.
IN METAL SAIL, TATASTEEL AND JSW LOOKS GOOD.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS .
SUZLON >71 SL 70 TGT 78-81
RUCHI SOYA >88 SL 84 TGT 97
SAIL >188 SL 184 TGT 200
GUJ.NRE >68 SL 65 TGT 76
PRAJ >94 SL 91 TGT 102
POLARIS > 178 SL 174 TGT 185
Have a nice trading day.
Monday, November 16, 2009
Market OutLook 17-NOV-2009
On strong global cues market to open slightly at higher levels and to hold the higher levels for the day with some volatility during the midsession but overall market looks bullish for the day.
Yesterday nifty closed above the 5050 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5200 mark now with minor intraday correction with a strong support of 4980 level.
Nifty has strong support at 5000-4980 levels, If nifty crosses above the 5080 level today then can test 5150 in the next two days and this week nifty has the potential to test 5180-5200 levels.
Today in the intraday nifty to trade in the range 4980-5080 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5040/5010/4980 and resistance at 5060/5080 /5120 for the day.
IN BANKING SPACE INDIAN BANK, DENA BANK AND DCB LOOKS GOOD.
IN POWER TATA POWER, RPOWER AND GVK POWER LOOKS GOOD.
IN OIL & GAS ONGC AND PERTO NET LOOKS GOOD.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 5000 LEVELS.
RCOM > 178 SL 174 TGT 186
ANSAL INFRA > 71 SL 68 TGT 86
SUZLON >71 SL 70 TGT 78-81
RUCHI SOYA >88 SL 84 TGT 97
Have a nice trading day.
Yesterday nifty closed above the 5050 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5200 mark now with minor intraday correction with a strong support of 4980 level.
Nifty has strong support at 5000-4980 levels, If nifty crosses above the 5080 level today then can test 5150 in the next two days and this week nifty has the potential to test 5180-5200 levels.
Today in the intraday nifty to trade in the range 4980-5080 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5040/5010/4980 and resistance at 5060/5080 /5120 for the day.
IN BANKING SPACE INDIAN BANK, DENA BANK AND DCB LOOKS GOOD.
IN POWER TATA POWER, RPOWER AND GVK POWER LOOKS GOOD.
IN OIL & GAS ONGC AND PERTO NET LOOKS GOOD.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 5000 LEVELS.
RCOM > 178 SL 174 TGT 186
ANSAL INFRA > 71 SL 68 TGT 86
SUZLON >71 SL 70 TGT 78-81
RUCHI SOYA >88 SL 84 TGT 97
Have a nice trading day.
Sunday, November 15, 2009
Market OutLook 16-NOV-2009
On strong global cues market to open at higher levels and to hold the higher levels for the day, some kind of selling may emerge during the midsession but over market looks bullish for the day.
On Friday nifty closed very close to 5000 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5150 mark with minor intraday correction.
Nifty has strong support 4960-4940 levels, If nifty holds above the 5030 level today then can test 5100 in the next two days and this week nifty has the potential to test 5180-5200 levels.
Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.
I have advised to book partial profits those who have booked profit can re-enter if nifty holds above 5000 levels.
Technically nifty can take support at 4980/4940/4900 and resistance at 5020/5040 /5080 for the day.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 5000 LEVELS.
RCOM > 175 SL 165 TGT 186
TATA STEEL >521 SL 512 TGT 540
ISPAT >21 SL 20 TGT 24
ESCORTS >110 SL 105 TGT 121
TVTODAY >102 SL 97 TGT 115
Have a nice trading day.
On Friday nifty closed very close to 5000 mark indicating further up trend in the market for the next few trading sessions and has the potential to test the 5150 mark with minor intraday correction.
Nifty has strong support 4960-4940 levels, If nifty holds above the 5030 level today then can test 5100 in the next two days and this week nifty has the potential to test 5180-5200 levels.
Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.
I have advised to book partial profits those who have booked profit can re-enter if nifty holds above 5000 levels.
Technically nifty can take support at 4980/4940/4900 and resistance at 5020/5040 /5080 for the day.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 5000 LEVELS.
RCOM > 175 SL 165 TGT 186
TATA STEEL >521 SL 512 TGT 540
ISPAT >21 SL 20 TGT 24
ESCORTS >110 SL 105 TGT 121
TVTODAY >102 SL 97 TGT 115
Have a nice trading day.
Thursday, November 12, 2009
Market OutLook 13-NOV-2009
On weak global cues market to open down and expected to be volatile during the morning session of trading and thereafter can bounce back from the lower levels in the second session of the day.
Yesterday nifty corrected ,but still holds its support level of 4900, Today the 4900 mark should be the strong support level, If nifty breaks the these level then can test the 4780 levels in the next few trading sessions and thereafter it can bounce back to 5100 levels.
Till the F&O settlement nifty to trade in the range 4780-5150 level and expected to be volatile till then. Also like to inform you that a break below 4780 can further weaken the nifty to the extent of 4500.
Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.
Yesterday I have advised to book partial profits those who have booked profit can re-enter at 4900 levels.
Technically nifty can take support at 4920/4900/4850 and resistance at 4980/5000/5050 for the day.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 4900 LEVELS.
NIIT TECH @131 SL 128
IDBI@118 SL 112
IFCI @ 44 SL 41
ASHOK LEYLAND @50 SL 47
VOLTAS @ 155 SL 152
Have a nice trading day.
Yesterday nifty corrected ,but still holds its support level of 4900, Today the 4900 mark should be the strong support level, If nifty breaks the these level then can test the 4780 levels in the next few trading sessions and thereafter it can bounce back to 5100 levels.
Till the F&O settlement nifty to trade in the range 4780-5150 level and expected to be volatile till then. Also like to inform you that a break below 4780 can further weaken the nifty to the extent of 4500.
Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.
Yesterday I have advised to book partial profits those who have booked profit can re-enter at 4900 levels.
Technically nifty can take support at 4920/4900/4850 and resistance at 4980/5000/5050 for the day.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS AT 4900 LEVELS.
NIIT TECH @131 SL 128
IDBI@118 SL 112
IFCI @ 44 SL 41
ASHOK LEYLAND @50 SL 47
VOLTAS @ 155 SL 152
Have a nice trading day.
Wednesday, November 11, 2009
Market OutLook 12-NOV-2009
On mixed global cues market to open flattish note and expected to be volatile during the morning session of trading and thereafter will take the direction according to the release of the IIP data from the midsession.
Yesterday nifty breached its strong resistance 4950 levels and continued to move on the upper side and closed above the 5000 mark and hope will continue to do so till 5100 mark, But one has to be cautious due to the IIP data releasing today and I advise to book partial profits once the market opens today in the morning sessions itself.
Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.
Technically nifty can take support at 4980/4950/4850 and resistance at 5020/5050/5100 for the day.
IN BANKING SPACE DENA BANK, IDBI BANK UCO BANK TO BE ACTIVE FOR THE DAY.
IN IT SPACE INFOSYS, NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
DCB >38 SL 37 TGT 44
SCI >152 SL 148 TGT 165
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56
Have a nice trading day.
Yesterday nifty breached its strong resistance 4950 levels and continued to move on the upper side and closed above the 5000 mark and hope will continue to do so till 5100 mark, But one has to be cautious due to the IIP data releasing today and I advise to book partial profits once the market opens today in the morning sessions itself.
Today in the intraday nifty to trade in the range 4940-5060 levels, either side break to give a new direction to the market.
Technically nifty can take support at 4980/4950/4850 and resistance at 5020/5050/5100 for the day.
IN BANKING SPACE DENA BANK, IDBI BANK UCO BANK TO BE ACTIVE FOR THE DAY.
IN IT SPACE INFOSYS, NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
DCB >38 SL 37 TGT 44
SCI >152 SL 148 TGT 165
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56
Have a nice trading day.
Tuesday, November 10, 2009
Market OutLook 11-NOV-2009
On mixed global cues market to open flattish note and to trade on the positive side during the morning session of trading and thereafter at higher levels some kind of selling pressure can be expected during from the second session of trading.
Yesterday nifty reacted from its strong resistance level of 4950 and could not sustain that level, As long as the trend is up nifty can test 5150 levels before reaching that level there could be small reaction to the extent of 4780, A close below this level can drag the nifty to 4550 levels.
One can be long in the market with a stop loss of 4780 levels.
Today in the intraday nifty to trade in the range 4820-4920 levels, either side break to give a new direction to the market.
Buy on dips will be the best strategy in the market condition for the next few trading sessions.
IN PHARMA SPACE ORCHID AND NATCO TO BE ACTIVE FOR THE DAY.IN IT SPACE NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56
Have a nice trading day.
Yesterday nifty reacted from its strong resistance level of 4950 and could not sustain that level, As long as the trend is up nifty can test 5150 levels before reaching that level there could be small reaction to the extent of 4780, A close below this level can drag the nifty to 4550 levels.
One can be long in the market with a stop loss of 4780 levels.
Today in the intraday nifty to trade in the range 4820-4920 levels, either side break to give a new direction to the market.
Buy on dips will be the best strategy in the market condition for the next few trading sessions.
IN PHARMA SPACE ORCHID AND NATCO TO BE ACTIVE FOR THE DAY.IN IT SPACE NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56
Have a nice trading day.
Monday, November 9, 2009
Maret OutLook 10-NOV-2009
As the US market ended on the higher side and the Asian markets too on the positive side, Our market to open on firm note and to trade on the positive side during the morning session of trading and thereafter at higher levels some kind of selling pressure can be expected during last hour of trading for the day.
Yesterday’s pull shows strength in the market, If nifty today trades above the 4920 then can test 4950-4980 in the morning session itself, for the rally to continue further nifty should close above 4980 to test the 5150 mark in the next few trading sessions, A close below 4850 to weaken the nifty to 4720 levels.
Today in the intraday nifty to trade in the range 4850-4980 levels, either side break to give a new direction to the market.
Buy on dips will be the best strategy in the market condition for the next few trading sessions.
In yesterday’s trading the Banking, Hotel, IT & FMGC sectors performed well and I expect the same sector to do well in today’s trading too.
Activity was seen in Large & Small Pharma stocks and Auto ancillary stocks.
IN PHARMA SPACE DIVIS LAB’S AND NATCO TO BE ACTIVE FOR THE DAY.
IN IT SPACE NIIT TECH, POLARIS & 3IINFO TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 69 SL 67.5 TGT 74
Have a nice trading day.
Yesterday’s pull shows strength in the market, If nifty today trades above the 4920 then can test 4950-4980 in the morning session itself, for the rally to continue further nifty should close above 4980 to test the 5150 mark in the next few trading sessions, A close below 4850 to weaken the nifty to 4720 levels.
Today in the intraday nifty to trade in the range 4850-4980 levels, either side break to give a new direction to the market.
Buy on dips will be the best strategy in the market condition for the next few trading sessions.
In yesterday’s trading the Banking, Hotel, IT & FMGC sectors performed well and I expect the same sector to do well in today’s trading too.
Activity was seen in Large & Small Pharma stocks and Auto ancillary stocks.
IN PHARMA SPACE DIVIS LAB’S AND NATCO TO BE ACTIVE FOR THE DAY.
IN IT SPACE NIIT TECH, POLARIS & 3IINFO TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 69 SL 67.5 TGT 74
Have a nice trading day.
Sunday, November 8, 2009
Market OutLook 09-NOV-2009
On positive global cues market to open flattish with positive bias during the morning session of the trading, Selling is expected in the midsession and likely to continue for the day with some volatility for the day, Overall market should close on a positive note.
On Friday nifty did manage to close above the 4790 levels, but could not sustain at higher levels, Even in today’s trading nifty should hold the Friday closing for the uptrend in the market to continue.
Suppose today nifty closes above 4850 for the next two trading sessions then nifty can test 5100 in the coming days.
Nifty to trade in the range 4750-4830, either side break to give a new direction to the market.
Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.
IN IT SPACE NIIT TECH, FSL, 3IINFO & POLARIS TO BE ACTIVE FOR DAY.
IN MEDIA SAPCE NDTV & TV-18 TO BE ACTIVE FOR THE DAY
IN HOTEL SPACE INDIAN HOTELS,HOTEL LEELA & VICEROY TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
BUY NIIT TECH > 137
BUY 3IINFO > 87
Have a nice trading day.
On Friday nifty did manage to close above the 4790 levels, but could not sustain at higher levels, Even in today’s trading nifty should hold the Friday closing for the uptrend in the market to continue.
Suppose today nifty closes above 4850 for the next two trading sessions then nifty can test 5100 in the coming days.
Nifty to trade in the range 4750-4830, either side break to give a new direction to the market.
Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.
IN IT SPACE NIIT TECH, FSL, 3IINFO & POLARIS TO BE ACTIVE FOR DAY.
IN MEDIA SAPCE NDTV & TV-18 TO BE ACTIVE FOR THE DAY
IN HOTEL SPACE INDIAN HOTELS,HOTEL LEELA & VICEROY TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
BUY NIIT TECH > 137
BUY 3IINFO > 87
Have a nice trading day.
Thursday, November 5, 2009
Martket OutLook 06-NOV-2009
On positive gap up and to be positive during the morning session of the trading, Selling is expected in the midsession and likely to continue for the day with some volatility for the day, Overall market should close on a positive note.
Yesterday nifty made a remarkable recovery from the lower levels, its seems now nifty has a strong support at 4600 levels, Today if nifty sustains above 4790 levels for the next two trading then the rally to continue further till 5100 levels in the coming days.
Nifty to trade in the range 4680-4790, either side break to give a new direction to the market.
Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.
IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.
IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141
GMR INFRA >63
Have a nice trading day.
Yesterday nifty made a remarkable recovery from the lower levels, its seems now nifty has a strong support at 4600 levels, Today if nifty sustains above 4790 levels for the next two trading then the rally to continue further till 5100 levels in the coming days.
Nifty to trade in the range 4680-4790, either side break to give a new direction to the market.
Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.
IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.
IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141
GMR INFRA >63
Have a nice trading day.
Wednesday, November 4, 2009
MMarket OutLook 05-NOV-2009
On mixed global cues market to open flattish with negative bias during the morning sessions and can take support at lower levels in the midsession and thereafter expected to be volatile with positive bias for the day.
As nifty has taken support at 4560 levels and yesterday it has bounces back sharply till 4700 levels and today may face a strong resistance at 4740 levels a close above 4750 level can take the nifty to 4900 levels in the coming days, before reaching the 4900 levels a small correction is expected till 4600 levels.
Investor can be long with a stop loss of 4560 levels.
Technically nifty to have support at 4650/4620/4580 and resistance at 4720/4740/4790 for the day.
IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.
IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141
Have a nice trading day.
As nifty has taken support at 4560 levels and yesterday it has bounces back sharply till 4700 levels and today may face a strong resistance at 4740 levels a close above 4750 level can take the nifty to 4900 levels in the coming days, before reaching the 4900 levels a small correction is expected till 4600 levels.
Investor can be long with a stop loss of 4560 levels.
Technically nifty to have support at 4650/4620/4580 and resistance at 4720/4740/4790 for the day.
IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.
IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141
Have a nice trading day.
Tuesday, November 3, 2009
Market OutLook 04-NOV-2009
On global cues market to open gap up and to trade range bound during the morning session and thereafter in the second session at higher level selling pressure to emerge with high volatility.
Since the market is in over sold zone some kind of bounce back is expected today, but at higher levels selling pressure to emerge and nifty to face tough resistance at 4690-4720 levels, however in the morning session if nifty trades above the 4620 then the rally will strengthen and nifty can the 4700 level.
Long-term investors are advised to wait for another two trading sessions before taking any long positions, If at all they want to take some position they can buy SABERO ORGANICS,IFB IND, PSL HOLDING, HOTEL LEELA, 3IINFO, SUBEX, INSECTICIDES ,ISPAT IND, NDTV & INTERNATIONAL TRAVEL HOUSE for long-term .
IN TECHNOLOGY SPACE INFOSYS , TCS & WIPRO TO BE ACTIVE FOR THE DAY.
IN AUTOMOTIVE SPACE TATAMOTORS ,ASHOK LEYLAN & MARUTI TO BE ACTIVE FOR THE DAY.
IN PHARMA SPACE SUN PHARMA, DIVI’S LABS & BIOCON TO BE ACTIVE FOR THE DAY.
POSITION CAN BE TAKEN IN THE FOLLOWING STOCKS FOR SHORT-TERM.
IDBI > 106 SL 102 TGT 112
ICSA >157 SL 155 TGT 165
FSL >30 SL 29 TGT 34
Have nice trading day.
Since the market is in over sold zone some kind of bounce back is expected today, but at higher levels selling pressure to emerge and nifty to face tough resistance at 4690-4720 levels, however in the morning session if nifty trades above the 4620 then the rally will strengthen and nifty can the 4700 level.
Long-term investors are advised to wait for another two trading sessions before taking any long positions, If at all they want to take some position they can buy SABERO ORGANICS,IFB IND, PSL HOLDING, HOTEL LEELA, 3IINFO, SUBEX, INSECTICIDES ,ISPAT IND, NDTV & INTERNATIONAL TRAVEL HOUSE for long-term .
IN TECHNOLOGY SPACE INFOSYS , TCS & WIPRO TO BE ACTIVE FOR THE DAY.
IN AUTOMOTIVE SPACE TATAMOTORS ,ASHOK LEYLAN & MARUTI TO BE ACTIVE FOR THE DAY.
IN PHARMA SPACE SUN PHARMA, DIVI’S LABS & BIOCON TO BE ACTIVE FOR THE DAY.
POSITION CAN BE TAKEN IN THE FOLLOWING STOCKS FOR SHORT-TERM.
IDBI > 106 SL 102 TGT 112
ICSA >157 SL 155 TGT 165
FSL >30 SL 29 TGT 34
Have nice trading day.
Monday, November 2, 2009
Market OutLook 03-NOV-2009
On global market to open weak with a negative bias for the morning session and thereafter expected to be volatile for the second session with a positive bias.
On Friday nifty did breached the 4700 and bounce back and closed above the 4700 market, if nifty breaks 4680 then selling pressure the intensify and then nifty can test 4620 levels for the day, On the other hand if nifty trades above 4720 a pullback rally can be seen to the extent of 4790 for the day itself.
However I feel that nifty should not close below the 4700 levels in short-term, if breaks then can test the 4400 in the coming days with a support in between at 4570 levels.
IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE WEAK FOR THE DAY.
IN REALITY SPACE DLF, UNITECH AND HDIL TO BE WEAK FOR THE DAY.
IN BANKING SPACE IDBIBANK, IDFC AND IFCI TO BE WEAK FOR THE DAY.
FOLLOWING STOCKS CAN BE SOLD FOR SHORT-TERM.
SUZLON < 68 SL 71 TGT 56
Have a nice trading day.
On Friday nifty did breached the 4700 and bounce back and closed above the 4700 market, if nifty breaks 4680 then selling pressure the intensify and then nifty can test 4620 levels for the day, On the other hand if nifty trades above 4720 a pullback rally can be seen to the extent of 4790 for the day itself.
However I feel that nifty should not close below the 4700 levels in short-term, if breaks then can test the 4400 in the coming days with a support in between at 4570 levels.
IN TELCOM SPACE RCOM, BHARATI AND IDEA TO BE WEAK FOR THE DAY.
IN REALITY SPACE DLF, UNITECH AND HDIL TO BE WEAK FOR THE DAY.
IN BANKING SPACE IDBIBANK, IDFC AND IFCI TO BE WEAK FOR THE DAY.
FOLLOWING STOCKS CAN BE SOLD FOR SHORT-TERM.
SUZLON < 68 SL 71 TGT 56
Have a nice trading day.
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