(A FREE SITE FOR MARKET COMMENTRY ALONG WITH INTRADAY TIPS AND DELIVERY TIPS FOR INVESTORS AND TRADERS)
A GUIDE TO INDIAN FINANCIAL MARKETS,
INTRADAY TIPS AND POSITIONAL CALLS FOR EQUITY & FNO.
LAST DAY INDICES HAVE OPENED FIRM WITH ALL THE GLOBAL MARKETS, HOWEVER MARKET DID NOT SUSTAIN IN THE LAST HOUR OF PROFIT BOOKING.OVERALL HEALTH AND STRUCTURE OF THE MARKET REMAINED POSITIVE. ONE CAN EYE ON EDUCATION STOCKS WHICH MAY SPURT FROM HERE ON.RELIANCE HELD THE MARKET AND LOOKED VERY POSITIVE ABOVE 2080 YOU CAN SEE RELIANCE TO GO UP FURTHER, THIS CLEARLY INDICATES A FRESH UP MOVE CAN BE EXPECTED IN MARKETS.RIIL ALSO LOOKS POSITIVE.
TODAY NIFTY WOULD BE RANGE BOUND SO TRADERS ARE ADVISED TO BOOK PROFITS AT REGULAR INTERVALS. IF NIFTY TRADES ABOVE 4820 ONE CAN INITIATE LONGS WITH A STOPLOSS OF 4767 FOR A TARGET OF 4842 AND THEN 4878 IF NIFTY SUSTAINS ABOVE 4878 THEN ONE CAN BLINDLY CARRY LONGS FOR A TARGET OF 5000 AND ON THE DOWNSIDE IF NIFTY BREAKS BELOW 4780 THEN ONE CAN EXPECT NIFTY TO TAKE SUPPORT AROUND 4767 BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 4730 AND CLOSE BELOW 4730 IS EXPECTED TO COME DOWN 4656 SO ONE IS ADVISED TO SEE THESE LEVELS AS VERY CRUCIAL.
BUY EXCEL CORP SL 130 TGT 139/144**ONE CAN HOLD FOR TARGET OF 170
BUY TITAN SL 1263 TGT 1320/1340** ONE CAN HOLD POSITIONALLY FOR A TARGET OF 1500
BUY EVERONN SL407 TGT 420/425** ONE CAN HOLD POSITIONALLY FOR A TARGET OF 500
BUY IDFC SL 142.90 TGT 149/152/155
POSITIONAL TRADES BUY KSK ENERGY SL 170 TGT 200/250/300**
DONT MISS STOCKS RATED ** ADVISED INVESTORS AND TRADERS TO GIVE PREFERENCE TO THEM
IN THE LAST TRADING DAY S&P CNX NIFTY SETTLED AT THEIR HIGHEST LEVEL IN MORE THAN 15 MONTHS. GLOBAL STOCKS SURGED AFTER THE G20 LEADERS PLEDGED TO MAINTAIN STIMULUS MEASURES. RALLY CAME ON THE BACK OF HIGHER TURNOVER. THE MARKET BREADTH INDICATING THE OVERALL HEALTH OF THE MARKET WAS STRONG. REALTY, BANKING AND METAL STOCKS WERE AT THE FOREFRONT IN THE RALLY. IN STOCK-SPECIFIC ACTIVITY TATA MOTORS SURGED ALMOST 13%. ICICI BANK JUMPED AROUND 7% AND STERLITE INDUSTRIES GAINED AROUND 6.5%. MEANWHILE, A SURVEY TO GAUGE BUSINESS CONFIDENCE SENTIMENT, CARRIED OUT BY FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY (FICCI), FOR THE MONTH OF SEPTEMBER 2009, SUGGESTED THAT THE CONFIDENCE LEVEL OF INDIA INC IS ON THE RISE THANKS TO GOVERNMENT'S FISCAL STIMULUS MEASURES. EIGHTY PER CENT OF THE COMPANIES BELIEVE THAT THE INDIAN ECONOMY IS ON THE ROAD TO RECOVERY AND EXPECT IMPROVEMENT IN CORPORATE PERFORMANCE IN THE MONTHS TO COME. TODAY NIFTY MAY OPEN ON THE POSITIVE NOTE BUT BE CAREFUL IN THE MIDTRADE AS THERE MAY BE SOME PROFIT BOOKING IF NIFTY CLOSES ON THE POSITIVE FRONT TODAY IT MIGHT TAKE TO THE NEW HIGHS SO STAY INVESTED BUT KEEP A CLOSE WATCH IN THE MID TRADE. FOR NIFTY IF IT SUSTAINS ABOVE 4800 THAT IS GOOD FOR NIFTY AND IF NIFTY BREAKS 4819 AND TRADES THEN IT HAS STRONG RESISTANCE AT 4876 AND IF NIFTY CLOSES ON THE POSITIVE NOTE THEN IT IS GOOD FOR THE MARKET ON THE POSITIVE FRONT AND ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4783 THEN IT HAS SUPPORT ONLY AT 4741 AND BREAK BELOW THIS WILL LEAD NIFTY TO 4705 AND IF IT CLOSES BELOW 4705 THEN YOU CAN SEE 4662. KEEP A WATCH ON EDUCATION STOCKS AND FINANCIAL STOCKS. BUY ICICI BANK SL 774 TGT 799
GOOD MORNING!!! STRONG GLOBAL CUES WITH POSITIVE EUROPEAN MARKETS AND ASIAN MARKETS EXTENDING GAINS IN LATE TRADE TRIGGERED A SOLID RALLY ON THE LOCAL BOURSES, HELPING THEM BREAK THEIR FOUR-DAY DECLINING TREND. KEY BENCHMARK INDICES RALLIED IN LATE TRADE ON BUYING DEMAND FOR AUTO, METAL AND CAPITAL GOODS AFTER STARTING THE DAY ON A SOFT NOTE.. THE MARKET BREADTH WAS STRONG WITH SMALL AND MID-CAP SHARES ALSO PARTICIPATING IN THE RALLY. ALL THE SECTORAL INDICES EDGED HIGHER. THE EMPLOYEES' PROVIDENT FUND ORGANISATION (EPFO) IS LOOKING FOR OPTIONS TO PARK 3-5% OF ITS CORPUS OF RS 2.57 LAKH CRORE OF RETIREMENT FUND IN STOCK MARKETS TO EARN BETTER RETURNS. DIRECT TAX COLLECTIONS BY THE GOVERNMENT GREW TO RS 87,888 CRORE FOR THE FIRST FIVE MONTHS OF THE CURRENT FISCAL, A 4.12% GROWTH WHICH IS ATTRIBUTED TO TAX REFUNDS PAID DURING THE PERIOD. THE DIRECT TAX MOP-UP IN AUGUST 2009 WAS RS 13,898 CRORE AGAINST RS 12,761 CRORE IN THE YEAR-AGO PERIOD. FRIDAY’S GAINS WERE ALSO BOOSTED BY A RESEARCH REPORT FROM A FOREIGN BROKERAGE HOUSE WHICH INDICATED THAT THE BENCHMARK INDICES BSE SENSEX COULD HIT THE 50,000 MARK IN NINE YEARS ON MORE GROWTH IN FISCAL YEAR 2011. THE PACE FOR THE GAIN WILL DEPEND ON ECONOMIC GROWTH, INTEREST RATES, INFLATION AND THE SUCCESS OF THE NATION'S INFRASTRUCTURE AND FISCAL CONSOLIDATION EFFORTS, THE RESEARCH REPORT SAID. TODAY MARKET WOULD OPEN ON THE POSITIVE FRONT AND MAY TRY TO BREAK THE CRUCIAL RESISTANCE BARRIERS OF LAST FEW MONTHS PEAK I.E., 4750. IF THIS LEVEL IS BROKEN AND ANY CLOSE ABOVE THIS POINT WOULD TAKE NIFTY TO NEW HIGHS BUT ONE SHOULD HAVE A CLOSE VIGIL ON THE UPSIDE. IF NIFTY TRADES ABOVE 4713 YOU CAN SEE NIFTY TO FACE RESISTANCE AROUND 4750 AND IF THIS LEVEL IS BROKEN WITH GOOD VOLUMES THEN YOU CAN SEE IT TO NEW HIGHS AND ANY CLOSE ABOVE THIS POINT IS ADVISED TO STAY ON THE LONG SIDE. ON THE NEGATIVE SIDE OF THE NIFTY IF IT TRADES BELOW 4690 THEN WE CAN SEE NIFTY TO FACE SUPPORT AT 4652 LEVELS, BREAK BELOW THIS LEVEL WOULD LEAD NIFTY 4612. IF NIFTY CLOSES BELOW 4581 STAY AWAY FROM LONGS. OVERALL HEALTH OF THE MARKET TURNED POSITIVE SO ADVISED TO ACT SMARTLY ON THE SHORT SIDE. BUY HEROHONDA SL 1596 TGT 1650/1684 BUY JSWSTEEL ABOVE 695 SL 689 TGT 704/709/718 BUY VOLTAS SL 150.85 TGT 157/160 BUY IDBI SL 104.90 TGT 107/109/112 BUY UNITECH SL 105.90 TGT 109/112 SELL M&M AT 876 SL 881 TGT 856/846/836
INDICES EXTENDED LOSSES FOR FOURTH STRAIGHT TRADING SESSIONS BUCKING FIRM GLOBAL STOCKS ON WORRIES A SURGE IN FOOD PRICES MAY STOKE INFLATIONARY PRESSURES IN THE ECONOMY. INDEX HEAVYWEIGHTS RELIANCE INDUSTRIES AND L&T LOST GROUND. ANOTHER HEAVYWEIGHT ICICI BANK REVERSED INTRADAY GAINS IN CHOPPY TRADE. CAPITAL GOODS, AUTO, OIL AND GAS AND FMCG STOCKS FELL. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS SLIGHTLY POSITIVE, WEAKENING FROM EARLIER STRONG BREADTH. A BOUT OF VOLATILITY WAS WITNESSED EARLIER IN THE DAY AS THE MARKET RECOVERED AFTER FALLING INTO THE RED FOR A BRIEF PERIOD FOLLOWING AN INITIAL SURGE TRIGGERED BY FIRM ASIAN STOCKS. THE MARKET HELD POSITIVE ZONE AMID RANGE BOUND TRADE LATER. ANALYSTS ARE CONCERNED THAT A SHARP SURGE IN FOOD PRICES IN THE PAST FEW DAYS DUE TO SCANTY RAINS MAY STOKE INFLATIONARY PRESSURES IN THE ECONOMY. INTEREST RATES COULD RISE ON HIGHER INFLATION WHICH IN TURN MAY IMPACT A NASCENT ECONOMIC RECOVERY AND CORPORATE PROFITS.
TODAY MARKETS MAY BE RANGE BOUND IF NIFTY TRADES BELOW 4572 THEN IT IS LIKELY TO GO TO 4527 AND THEN TO 4500 MARKETS WOULD BOUNCE FROM THE THESE LEVELS BUT IF THEY DON’T THEN WE CAN SEE NIFTY TO MOVE UP IF 4527 AND 4500 LEVELS ARE NOT BREACHED SO ONE CAN TAKE LONGS KEEPING THIS AS STOPLOSS AND ON THE UPFRONT IF NIFTY TRADES ABOVE 4616 THEN WE CAN SEE NIFTY TO FACE RESISTANCE AT 4650 AND IF NIFTY CROSSES 4660 THEN WE CAN SEE NIFTY TO MOVE FURTHER HIGHS AND ONE CAN RETAIN LONGS AND INITIATE FRESH LONGS ABOVE 4660.
TODAY IF NIFTY TRADES ABOVE 4652 THEN WE CAN SEE NIFTY TO MOVE UP TO 4710 AND TRADE ABOVE THIS LEVEL WOULD TAKE NIFTY TO 4803 AND ANY CLOSE ABOVE 4710 WOULD TAKE MARKETS TO NEW HIGHS. ON THE NEGATIVE SIDE IF NIFTY TRADES BELOW 4558 THEN IT WOULD COME DOWN TO 4501 AND IF NIFTY CLOSES BELOW 4550 THEN ONE CAN STAY AWAY FROM LONGS AND IF NIFTY CLOSE BELOW 4500 THEN ONE CAN EXIT LONGS AND GO SHORT. TODAY MARKET WOULD NOT HAVE GOOD VOLUMES AND MAY BE VOLATILE BUT TAKE CARE OF THE LEVELS MENTIONED ABOVE
BUY RCOM SL 274 TGT 285/293 BUY ESSAROIL SL 153 TGT 158/162 BUY RELCAP SL 886 TGT 921/930 SELL NATIONAL ALUMINIUM SL SELL STERLITE SL 643 TGT 625/618 BUY MUNJAL SHOWA AT 57 TGT 65/70/75 (VERY SHORT TERM) BUY SOM DISTILLERIES AT 28 TGT 32/37/42 (VERY SHORT TERM)
THE KEY BENCHMARK INDICES STRENGTHENED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE AS EUROPEAN MARKET OPENED HIGHER TRACKING FIRM ASIAN STOCKS. THE BSE 30-SHARE SENSEX WAS UP 232.61 POINTS OR 1.48%, OFF CLOSE TO 20 POINTS FROM THE DAY'S HIGH AND UP CLOSE TO 210 POINTS FROM THE DAY'S LOW. AUTO, REALTY, POWER, FERTILIZER, TEA, SUGAR STOCKS ROSE. INDEX HEAVYWEIGHT RELIANCE INDUSTRIES GAINED. THE MARKET BREADTH, INDICATING THE OVERALL HEALTH OF THE MARKET, WAS STRONG. SHARES OF STATE-RUN HYDROPOWER GENERATOR NHPC WERE TRADING AT RS 37.40, A PREMIUM OF 3.89% OVER THE INITIAL PUBLIC OFFER PRICE OF RS 36. THE MARKET SURGED IN EARLY TRADE TRACKING GAINS IN ASIAN STOCKS TRIGGERED BY STRONG CHINESE MANUFACTURING SECTOR DATA. THE MARKET EXTENDED GAINS IN MID-MORNING TRADE. THE MARKET PARED GAINS IN EARLY AFTERNOON TRADE AS CHINESE STOCKS CAME OFF THE DAY'S HIGH. MARKET STRENGTHENED TO HIT FRESH DAY'S HIGH IN AFTERNOON TRADE. INDIA'S EXPORTS FELL AN ANNUAL 28.4% IN JULY 2009 OVER JULY 2008 AND IMPORTS FELL 37.1%, DATE RELEASED BY THE GOVERNMENT DURING TRADING HOURS TODAY, 1 SEPTEMBER 2009, SHOWED TODAY. PRIME MINISTER MANMOHAN SINGH SAID THAT COUNTRY HAS BEEN THROUGH A DIFFICULT YEAR DUE TO GLOBAL DOWNTURN AND POOR MONSOON. HE FURTHER ADDED THAT COUNTRY IS IN A STRONG POSITION TO MANAGE CONSEQUENCES OF DROUGHT AND THAT FOOD STOCKS ARE VERY HIGH. HE FURTHER ADDED THAT RURAL JOBS SCHEME OTHER SCHEMES TO MINIMIZE DRAUGHT IMPACT. HE SAID GOVERNMENT IS TAKING EFFORTS TO ENSURE NORMAL WINTER CROP. A LATEST SURVEY SHOWED INDIA'S MANUFACTURING ACTIVITY EXPANDED AT ITS SLOWEST PACE IN FIVE MONTHS IN AUGUST 2009. THE HSBC MARKIT PURCHASING MANAGERS' INDEX (PMI), BASED ON A SURVEY OF 500 COMPANIES, FELL TO A FIVE-MONTH LOW OF 53.2 IN AUGUST 2009 FROM A REVISED READING OF 55.4 IN JULY 2009. THE NEW ORDERS INDEX FELL TO 56.2 IN AUGUST 2009, ALSO ITS LOWEST IN FOUR MONTHS, FROM 60 IN JULY 2009.
TODAY MARKETS ARE GOING TO OPEN NEGATIVE AND THE BREADTH OF THE MARKET HAS TURNED NEGATIVE WHEN NIFTY HAS BREACHED 4640 NOW IF NIFTY TRADES BELOW 4600 THEN IT WILL TAKE A SUPPORT AT 4585 AND BREAK BELOW THIS LEVEL NIFTY CAN TAKE SUPPORT AROUND 4546 AND BREAK BELOW THIS LEVEL WOULD BE 4500 SO ONE CAN TAKE A BUY CALL WHEN NIFTY COMES AROUND 4520 LEVELS WITH A STOPLOSS OF 4500 AS THIS BEING A VERY VERY STRONG SUPPORT IN NIFTY BREAK AND CLOSE BELOW THIS WOULD TAKE NIFTY TO 4350 SO ONE CAN STAY SHORT IF IT CLOSES BELOW 4500. NIFTY ON THE UPSIDE MAY GO UP ONLY IF IT CROSSES 4630 LEVELS ONE CAN SEE NIFTY TO MOVE UP TO 4670. AND ONE IS ADVISED TO STAY CAUTIOUS AT LOWER LEVELS THERE MAY BE SOME BUYING EXPECTED AT LOWER LEVELS.
BUY TANLA SL 57 TGT 64 BUY HPCL SL 354 TGT 368/374 SELL STERLITE SL 665 TGT 642/632 SELL IFCI SL 53 TGT 52/51 SELL ICICI BANK SL 749 TGT 732/727 SELL AUSTRAL COKE WHERE EVER YOU CAN
POSITIONAL TRADES BUY SALZER ELECTRONICS AROUND 93 LEVELS POSITIONALLY TGT 200/300 BUY BUYCLUTCH AUTO AROUND 32 TGT 40/52 SHORT TERM
