Read today's Nifty market trend on
http://www.investorinfo.in/Market-Trend/post/2010/08/20/Higher-level-profit-booking-expected.aspx
BSE, NSE Stock Ticker, India
Showing posts with label Nifty. Show all posts
Showing posts with label Nifty. Show all posts
Thursday, August 19, 2010
Monday, January 4, 2010
Market Out look 05-Jan-2010
Nifty holding above 5200 levels indicates a strong rally ahead with small correction to the extent of 5170 levels and if holds these level then the rally to continue further in the coming days.
Ahead of the Q3 result and before the budget nifty can test 5500 thereafter based on the outcome of the budget market to take mew direction.
For the year 2010 nifty to trade in the range 4400-6100 levels.
For today nifty to trade in the range 5210-5310 levels and technically nifty to take support at 5230/5210/5180 and resistance at 5270/5300/5320.
One has to be cautious at higher levels in the large cap stocks and selected mid cap to perform well especially stocks in the power space, Agro chem. Space, cement space and consumer durables and mid cap IT space.
Power stocks and Agro chem stocks can be bought with a short-term view and o the other hand cement stocks, Consumer durables stocks and IT stocks can be bought with a long-term view.
IN POWER SPACE FOLLOWING STCOKS CAN BE BOUGHT.
NTPC, ADANI POWER, NHPC, JPHYDRO
IN AGRO CHEM THE FOLLOWING STOCKS CAN BE BOUGHT.
INSECTICIDE, BAYER CORP., SABERO
IN THE CEMENT SPACE THE FOLLOWING STOCKS CAN BE BOUGHT.
PRISM, INDIA CEMENT, MADRAS CEMENT
IN THE MID CAP IT THE FOLLOWING STOCKS CAN BE BOUGHT.
FSL, 3IINFO, SUBEX, NIIT TECH
All the stocks recommended can be bought on dips from the current levels.
Have a nice trading year.
Ahead of the Q3 result and before the budget nifty can test 5500 thereafter based on the outcome of the budget market to take mew direction.
For the year 2010 nifty to trade in the range 4400-6100 levels.
For today nifty to trade in the range 5210-5310 levels and technically nifty to take support at 5230/5210/5180 and resistance at 5270/5300/5320.
One has to be cautious at higher levels in the large cap stocks and selected mid cap to perform well especially stocks in the power space, Agro chem. Space, cement space and consumer durables and mid cap IT space.
Power stocks and Agro chem stocks can be bought with a short-term view and o the other hand cement stocks, Consumer durables stocks and IT stocks can be bought with a long-term view.
IN POWER SPACE FOLLOWING STCOKS CAN BE BOUGHT.
NTPC, ADANI POWER, NHPC, JPHYDRO
IN AGRO CHEM THE FOLLOWING STOCKS CAN BE BOUGHT.
INSECTICIDE, BAYER CORP., SABERO
IN THE CEMENT SPACE THE FOLLOWING STOCKS CAN BE BOUGHT.
PRISM, INDIA CEMENT, MADRAS CEMENT
IN THE MID CAP IT THE FOLLOWING STOCKS CAN BE BOUGHT.
FSL, 3IINFO, SUBEX, NIIT TECH
All the stocks recommended can be bought on dips from the current levels.
Have a nice trading year.
Monday, December 21, 2009
Market OutLook 22-DEC-2009
On strong global cues market to open slightly higher side with positive bias during the morning session and thereafter to be volatile and may close on positive note for the day.
Yesterday nifty bounced back from the lower level, we could see a pull back for the next two-three sessions however at higher levels selling is expected to emerge and advice investors to be cautious because market can move up before reacting sharply
In short-term Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.
Today nifty to trade in the range 4920-5020, either side break to give a new direction to the market.
Technically nifty can take support at 4920/4900/4850/ and resistance at 4980/5000 /5020 for the day.
Trade with cautious without any overnight positions.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS
BUY PRAJ >98 SL 96 TGT 104
BUY DAAWAT (LT FOODS) >70 SL 68 TGT 76
BUY 3IINFO > 84 SL 81 TGT 90
Have a nice trading day.
Yesterday nifty bounced back from the lower level, we could see a pull back for the next two-three sessions however at higher levels selling is expected to emerge and advice investors to be cautious because market can move up before reacting sharply
In short-term Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.
Today nifty to trade in the range 4920-5020, either side break to give a new direction to the market.
Technically nifty can take support at 4920/4900/4850/ and resistance at 4980/5000 /5020 for the day.
Trade with cautious without any overnight positions.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS
BUY PRAJ >98 SL 96 TGT 104
BUY DAAWAT (LT FOODS) >70 SL 68 TGT 76
BUY 3IINFO > 84 SL 81 TGT 90
Have a nice trading day.
Sunday, December 20, 2009
Market OutLook 21-DEC-2009
On weak global cues market to open slightly lower side with negative bias during the morning session and pullback can be expected from the lower and thereafter to be volatile till close.
Yesterday nifty closed below the 5000 indicating further sell-off and can test 4950 levels or can go further down to the extent of 4900, if holds 4950 then a pullback is expected from that level.
Still there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.
Today nifty to trade in the range 4900-5050, either side break to give a new direction to the market.
Technically nifty can take support at 4970/4950/4920/ and resistance at 5020/5050 /5080 for the day.
Trade with cautious and no overnight positions.
Have a nice trading day.
Yesterday nifty closed below the 5000 indicating further sell-off and can test 4950 levels or can go further down to the extent of 4900, if holds 4950 then a pullback is expected from that level.
Still there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.
Today nifty to trade in the range 4900-5050, either side break to give a new direction to the market.
Technically nifty can take support at 4970/4950/4920/ and resistance at 5020/5050 /5080 for the day.
Trade with cautious and no overnight positions.
Have a nice trading day.
Thursday, December 17, 2009
Market OutLook 18-DEC-2009
On weak global cues market to open slightly lower side with negative bias during the morning session and thereafter to be volatile and at higher level sell is expected.
Yesterday nifty traded in the narrow range with high volatility, it’s very difficult to predict the trend as there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.
Today nifty to trade in the range 4950-5050, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5040/5060 /5080 for the day.
IN IT SPACE INFOSYS AND TCS LOOKS GOOD.
IN PHARMA SPACE RANBAXY AND CIPLA LOOKS GOOD.
IN CAPITAL GOODS HAVELS AND CROMPTOM LOOKS GOOD.
BUY THE FOLLOWING STOCKS FOR SHORT-TERM GAINS
GRAPHITE > 76 SL 74 TGT 81
SUZLON > 81 SL 78 TGT 88
Trade with cautious without any overnight positions.
Have a nice trading day.
Yesterday nifty traded in the narrow range with high volatility, it’s very difficult to predict the trend as there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.
Today nifty to trade in the range 4950-5050, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5040/5060 /5080 for the day.
IN IT SPACE INFOSYS AND TCS LOOKS GOOD.
IN PHARMA SPACE RANBAXY AND CIPLA LOOKS GOOD.
IN CAPITAL GOODS HAVELS AND CROMPTOM LOOKS GOOD.
BUY THE FOLLOWING STOCKS FOR SHORT-TERM GAINS
GRAPHITE > 76 SL 74 TGT 81
SUZLON > 81 SL 78 TGT 88
Trade with cautious without any overnight positions.
Have a nice trading day.
Wednesday, December 16, 2009
Market OutLook 17-DEC-2009
On mixed global cues market to open flattish with negative bias during the morning session and thereafter to be volatile and at higher level sell is expected.
Yesterday nifty bounced back from the lower level, we advise investors to be cautious because market can move up before reacting sharply, looks as if markets are unable to decide its direction
Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.
Today nifty to trade in the range 4950-5080, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.
Trade with cautious without any overnight positions.
Have a nice trading day.
Yesterday nifty bounced back from the lower level, we advise investors to be cautious because market can move up before reacting sharply, looks as if markets are unable to decide its direction
Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.
Today nifty to trade in the range 4950-5080, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.
Trade with cautious without any overnight positions.
Have a nice trading day.
Tuesday, December 15, 2009
Market OutLook 16-DEC-2009
On mixed global cues market to open flattish with negative bias during the morning session and thereafter to be range bound and today can test 4980 levels from there bounce back is expected.
Now nifty to trade in the range 4800-5100 for the next few trading session with high volatility , As nifty tried to break its resistance level 5180 many times but could not do so and now if it breaks below 5000 then further sell-off is expected to the extent of 4800 in the next few trading sessions.
Today nifty to trade in the range 4950-50080, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.
BANKING LOOKS WEAK FOR THE DAY.
SHIPPING AND HOTEL SECTORS LOOKS GOOD FOR THE DAY.
Have a nice trading day.
Now nifty to trade in the range 4800-5100 for the next few trading session with high volatility , As nifty tried to break its resistance level 5180 many times but could not do so and now if it breaks below 5000 then further sell-off is expected to the extent of 4800 in the next few trading sessions.
Today nifty to trade in the range 4950-50080, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.
BANKING LOOKS WEAK FOR THE DAY.
SHIPPING AND HOTEL SECTORS LOOKS GOOD FOR THE DAY.
Have a nice trading day.
Sunday, December 13, 2009
Market OutLook 14-DEC-2009
On weak global cues market to open flattish with negative bias during the morning session and thereafter to be range bound and today can test 5050 levels from there bounce back is expected.
On Friday market opened flattish note and was trading with the positive bias during the morning session and even touched its strong resistance of 5180 and then fell sharply and closed below 5120 levels showing further weakness in todays trading.
Now nifty is range bound with resistance at 5180 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000 ,nifty looks bullish only on crossing above 5180 and can test 5300, on the other hand a break below 5080 can drag the nifty to 5000 levels.
Nifty to trade in the range 5080-5180 in short-term, either side break to give a new direction to the market.
Technically nifty can take support at 5090/5050/5010/ and resistance at 5140/5160 /5180 for the day.
In this market condition one has to book profits on very rise and when decline on panic buying will be the best strategy, one has to trade with cautious.
BANKING LOOKS WEAK FOR THE DAY.
SUGAR, STEEL & IT LOOKS BULLISH FOR THE DAY
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
TRIVENI ENG >110 SL 108 TGT 116
THINK SOFT >267 SL 260 TGT 278
Have a nice trading day.
On Friday market opened flattish note and was trading with the positive bias during the morning session and even touched its strong resistance of 5180 and then fell sharply and closed below 5120 levels showing further weakness in todays trading.
Now nifty is range bound with resistance at 5180 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000 ,nifty looks bullish only on crossing above 5180 and can test 5300, on the other hand a break below 5080 can drag the nifty to 5000 levels.
Nifty to trade in the range 5080-5180 in short-term, either side break to give a new direction to the market.
Technically nifty can take support at 5090/5050/5010/ and resistance at 5140/5160 /5180 for the day.
In this market condition one has to book profits on very rise and when decline on panic buying will be the best strategy, one has to trade with cautious.
BANKING LOOKS WEAK FOR THE DAY.
SUGAR, STEEL & IT LOOKS BULLISH FOR THE DAY
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
TRIVENI ENG >110 SL 108 TGT 116
THINK SOFT >267 SL 260 TGT 278
Have a nice trading day.
Thursday, December 10, 2009
Market OutLook 11-DEC-2009
On strong global cues market to open slightly higher levels and expected to be range bound with positive bias during the morning session, at higher levels selling is expected for the day, for the rally to continue nifty should hold trade above 5150 and a close above 5180 will take nifty to 5300 in the next few trading sessions.
Yesterday market opened on a flat note and was rage bound without much volatility and looked as if it was direction less, but today due to the IIP data announcement market is expected to be volatile in the second session.
Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in mid cap stocks with a stop loss of 5050.Nifty to trade in the range 5050-5180 in short-term, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5090-5150 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5120/5100/5080/ and resistance at 5150/5180 /5220 for the day.
IN MID CAP BANKING SPACE DENA BANK, UCO, ANDHRA BAN & SYNDICATE BANK LOOKS GOOD.
IN FERTILIZER SPACE CHAMBAL, NAGARJUNA AND DEEPAK LOOKS GOOD.
IN MID CAPTEXTILE SPACE ALOK, EASTERN SILK & BRFL LOOKS GOOD.
IN SUGAR SPACE PRAJ IND & BAJAJ HIND LOOKS GOOD.
IN MID CAP IT SPACE FCS, FSL, PATNI, POLARIS & ROLTA LOOKS GOOD.
IN SHIPPING SPACE ESSAR, VARUN & GE SHIPPING LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BAJAJ HIND >210 SL 208 TGT 222
ROLTA > 188 SL 185 TGT 200
IDEAL CELL > 61 SL 60 TGT 68
DEEPAK FERTILIZER >102 SL 100 TGT 110
CHAMBAL FERT >60 SL 58 TGT 65
Have a nice trading day.
Yesterday market opened on a flat note and was rage bound without much volatility and looked as if it was direction less, but today due to the IIP data announcement market is expected to be volatile in the second session.
Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in mid cap stocks with a stop loss of 5050.Nifty to trade in the range 5050-5180 in short-term, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5090-5150 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5120/5100/5080/ and resistance at 5150/5180 /5220 for the day.
IN MID CAP BANKING SPACE DENA BANK, UCO, ANDHRA BAN & SYNDICATE BANK LOOKS GOOD.
IN FERTILIZER SPACE CHAMBAL, NAGARJUNA AND DEEPAK LOOKS GOOD.
IN MID CAPTEXTILE SPACE ALOK, EASTERN SILK & BRFL LOOKS GOOD.
IN SUGAR SPACE PRAJ IND & BAJAJ HIND LOOKS GOOD.
IN MID CAP IT SPACE FCS, FSL, PATNI, POLARIS & ROLTA LOOKS GOOD.
IN SHIPPING SPACE ESSAR, VARUN & GE SHIPPING LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BAJAJ HIND >210 SL 208 TGT 222
ROLTA > 188 SL 185 TGT 200
IDEAL CELL > 61 SL 60 TGT 68
DEEPAK FERTILIZER >102 SL 100 TGT 110
CHAMBAL FERT >60 SL 58 TGT 65
Have a nice trading day.
Wednesday, December 9, 2009
Market OutLook 10-DEC-2009
On global cues market to open flattish with negative bias during the morning session, at lower levels bounce back is expected for the day and thereafter selling to emerge once again during the close, for the rally to continue nifty should hold close above 5180 levels.
Yesterday market opened on weak note and was trading with the negative bias for the whole day and the same trading is expected today also.
Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in small lots with a stop loss of 5050 ,nifty looks bullish only on crossing above 5180 and can test 5300, on the other hand a break below 5080 can drag the nifty to 5000 levels.
Nifty to trade in the range 5080-5180 in short-term, either side break to give a new direction to the market.
Technically nifty can take support at 5090/5050/5010/ and resistance at 5140/5160 /5180 for the day.
In this market condition one has to book profits on very rise and when decline on panic buying will be the best strategy, one has to trade with cautious.
I think the worst is over for the Telecom sectors.
BUY RCOM, BHARTI, IDEA AND TTML FOR SHORT-TERM GAINS.
Have a nice trading day.
Yesterday market opened on weak note and was trading with the negative bias for the whole day and the same trading is expected today also.
Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in small lots with a stop loss of 5050 ,nifty looks bullish only on crossing above 5180 and can test 5300, on the other hand a break below 5080 can drag the nifty to 5000 levels.
Nifty to trade in the range 5080-5180 in short-term, either side break to give a new direction to the market.
Technically nifty can take support at 5090/5050/5010/ and resistance at 5140/5160 /5180 for the day.
In this market condition one has to book profits on very rise and when decline on panic buying will be the best strategy, one has to trade with cautious.
I think the worst is over for the Telecom sectors.
BUY RCOM, BHARTI, IDEA AND TTML FOR SHORT-TERM GAINS.
Have a nice trading day.
Tuesday, December 8, 2009
Market OutLook 09-DEC-2009
On global cues market to open weak and expected to be range bound with negative bias during the morning session, at lower levels bounce back is expected for the day, for the rally to continue nifty should hold close above 5080 levels.
Yesterday market opened on a strong note but could not cross the 5170 mark indicating strong resistance at this level.
Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in small lots with a stop loss of 5050.
Nifty to trade in the range 5050-5250 in short-term, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 50800-5180 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5120/5100/5080/ and resistance at 5160/5180 /5200 for the day.
IN BANKING SPACE FEDERAL BANK & SYNDICATE BANK LOOKS GOOD.
IN OIL SAPCE CHENNAI PETRO, MRPL, IOC LOOKS GOOD.
IN TEXTILE BRFL & CENTURY TEXT LOOK GOOD.
IN SUGAR SPACE PRAJ IND & BAJAJ HIND LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BAJAJ HIND >210 SL 202 TGT 222
Have a nice trading day.
Yesterday market opened on a strong note but could not cross the 5170 mark indicating strong resistance at this level.
Now nifty is range bound with resistance at 5180 and support at 5080 levels, one can take positions in small lots with a stop loss of 5050.
Nifty to trade in the range 5050-5250 in short-term, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 50800-5180 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5120/5100/5080/ and resistance at 5160/5180 /5200 for the day.
IN BANKING SPACE FEDERAL BANK & SYNDICATE BANK LOOKS GOOD.
IN OIL SAPCE CHENNAI PETRO, MRPL, IOC LOOKS GOOD.
IN TEXTILE BRFL & CENTURY TEXT LOOK GOOD.
IN SUGAR SPACE PRAJ IND & BAJAJ HIND LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BAJAJ HIND >210 SL 202 TGT 222
Have a nice trading day.
Thursday, December 3, 2009
Market OutLook 04-DEC-2009
On weak global cues market to open slightly lower side with negative bias during the morning session, bounce back can be expected from 5080 levels, and thereafter from the midsession expected to be volatile till the close.
Yesterday nifty opened with a strong notes, but could move above its strong resistance of 5180 and close below 5150 indicating further selling. However nifty can take support at 5080-5070 in the intraday trading today.
For this rally to continue nifty should trade above 5150 levels, now 5080 to be considered as strong support and on the other hand will face resistance as 5180 level a close above 5180 can take nifty to new high in the coning day and in that case nifty can test 5350.
In my view nifty will trade in the range 5020-5350 for the current month, either side break to give a new direction to the market.
Investors are advised to be cautious and take long positions in large caps stocks only if nifty closes above 5180 level, but can look at mid caps stocks even at current levels.
Today in the intraday nifty to trade in the range 5050-5180 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5100/5070/5040 and resistance at 5150/5170 /5190 for the day.
WATCH OUT FOR MID CAP IT STOCK WHICH WHERE MORE ACTIVE IN YESTERDAYS TRADING.
POLARIS,ROLTA,3IINFO,SONATA SOFT,MPHASIS AND PANTI LOOKS GOOD FOR THE DAY EVEN ITS A GOOD BUY FOR SHORT-TERM POINT OF VIEW.
INVESTORS CAN BUY ORIENT PAPERS, TNPL, BILT IN PAPER SPACE WITH SHORT-TERM VIEW.
SELLING CAN BE SEEN IN LARGE CAPS STOCKS SUCH AS ICICI BANK,TATASTEEL AND SBI.
Have a nice trading day.
Yesterday nifty opened with a strong notes, but could move above its strong resistance of 5180 and close below 5150 indicating further selling. However nifty can take support at 5080-5070 in the intraday trading today.
For this rally to continue nifty should trade above 5150 levels, now 5080 to be considered as strong support and on the other hand will face resistance as 5180 level a close above 5180 can take nifty to new high in the coning day and in that case nifty can test 5350.
In my view nifty will trade in the range 5020-5350 for the current month, either side break to give a new direction to the market.
Investors are advised to be cautious and take long positions in large caps stocks only if nifty closes above 5180 level, but can look at mid caps stocks even at current levels.
Today in the intraday nifty to trade in the range 5050-5180 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5100/5070/5040 and resistance at 5150/5170 /5190 for the day.
WATCH OUT FOR MID CAP IT STOCK WHICH WHERE MORE ACTIVE IN YESTERDAYS TRADING.
POLARIS,ROLTA,3IINFO,SONATA SOFT,MPHASIS AND PANTI LOOKS GOOD FOR THE DAY EVEN ITS A GOOD BUY FOR SHORT-TERM POINT OF VIEW.
INVESTORS CAN BUY ORIENT PAPERS, TNPL, BILT IN PAPER SPACE WITH SHORT-TERM VIEW.
SELLING CAN BE SEEN IN LARGE CAPS STOCKS SUCH AS ICICI BANK,TATASTEEL AND SBI.
Have a nice trading day.
Wednesday, December 2, 2009
Market OutLook 03-DEC-2009
On mixed global cues market to open flattish and expected to be range bound with negative bias during the morning session, at higher levels selling is expected for the day, for the rally to continue nifty should hold close above 5150 levels.
Yesterday market opened on a strong note but could not cross the 5170 mark indicating weakness in the market.
Now nifty is range bound with resistance at 5180 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000.
Nifty to trade in the range 5000-5250, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5050-5180 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5100/5080/5050/ and resistance at 5140/5180 /5200 for the day.
IN BANKING SPACE DENA BANK, UCO BANK & SYNDICAATE BANK LOOKS GOOD.I
N OIL SAPCE CHENNAI PETRO & IOC LOOKS GOOD.
IN TEXTILE BRFL & CENTURY TEXT LOOK GOOD.
IN REALITY SAPCE UNITECH & IBREAL LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BFRL > 192 SL 188 TGT 220
CHENNAI PETRO > 221 SL 216 TGT 233
SYNDICATE BANK > 97 SL 94 TGT 104
IDBI > 131 SL 129 TGT 136
RPOWER > 147 SL 144 TGT 152
Have a nice trading day.
Yesterday market opened on a strong note but could not cross the 5170 mark indicating weakness in the market.
Now nifty is range bound with resistance at 5180 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000.
Nifty to trade in the range 5000-5250, either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5050-5180 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5100/5080/5050/ and resistance at 5140/5180 /5200 for the day.
IN BANKING SPACE DENA BANK, UCO BANK & SYNDICAATE BANK LOOKS GOOD.I
N OIL SAPCE CHENNAI PETRO & IOC LOOKS GOOD.
IN TEXTILE BRFL & CENTURY TEXT LOOK GOOD.
IN REALITY SAPCE UNITECH & IBREAL LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BFRL > 192 SL 188 TGT 220
CHENNAI PETRO > 221 SL 216 TGT 233
SYNDICATE BANK > 97 SL 94 TGT 104
IDBI > 131 SL 129 TGT 136
RPOWER > 147 SL 144 TGT 152
Have a nice trading day.
Tuesday, December 1, 2009
Market OutLook 02-DEC-2009
On strong global cues market to open slightly at 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 5180-5200 levels.
Yesterday market opened on a strong note and remained on the higher side for the entire day and managed to cross the 5120 level indicating further strength in the market.
As nifty closed well above the support level of 5120, now can test 5350 provided its holds the 5180 levels for the next two trading sessions.
Now nifty is range bound with resistance at 5200 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000.
Nifty to trade in the range 5080-5180,either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5050-5220 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5100/5080/5050/ and resistance at 5150/5180 /5220 for the day.
IN FERTILIZER SAPCE CHAMBAL, TATACHEM & NAGARJUNA FERT LOOKS GOOD.
IN HOSPITALITY SPACE HOTEL LEELA AN INDIAN HOTEL LOOKS GOOD.
IN BANKING SPACE DENA BANK, UCO BANK & SYNDICAATE BANK LOOKS GOOD.
IN OIL SAPCE CHENNAI PETRO & IOC LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BFRL > 192 SL 188 TGT 220
CHENNAI PETRO > 221 SL 216 TGT 233
HOTEL LEELA >42 SL 40.5 TGT 50
JP HYDRO >76 SL 74 TGT 81
NOIDA TOLL >42 SL 39 TGT 48
Have a nice trading day.
Yesterday market opened on a strong note and remained on the higher side for the entire day and managed to cross the 5120 level indicating further strength in the market.
As nifty closed well above the support level of 5120, now can test 5350 provided its holds the 5180 levels for the next two trading sessions.
Now nifty is range bound with resistance at 5200 and support at 5050 levels, one can take positions in small lots with a stop loss of 5000.
Nifty to trade in the range 5080-5180,either side break to give a new direction to the market.
Today in the intraday nifty to trade in the range 5050-5220 levels, either side break to give a new direction to the market.
Technically nifty can take support at 5100/5080/5050/ and resistance at 5150/5180 /5220 for the day.
IN FERTILIZER SAPCE CHAMBAL, TATACHEM & NAGARJUNA FERT LOOKS GOOD.
IN HOSPITALITY SPACE HOTEL LEELA AN INDIAN HOTEL LOOKS GOOD.
IN BANKING SPACE DENA BANK, UCO BANK & SYNDICAATE BANK LOOKS GOOD.
IN OIL SAPCE CHENNAI PETRO & IOC LOOKS GOOD.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
BFRL > 192 SL 188 TGT 220
CHENNAI PETRO > 221 SL 216 TGT 233
HOTEL LEELA >42 SL 40.5 TGT 50
JP HYDRO >76 SL 74 TGT 81
NOIDA TOLL >42 SL 39 TGT 48
Have a nice trading day.
Monday, November 30, 2009
Market OutLook 01-DEC-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 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.
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.
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
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.
Subscribe to:
Posts (Atom)
Posts
