31-05-13 MARKET:

MARKET TREND:

New series of derivatives start today.  GDP numbers & Weekend are influencing factors for the market.   Unusually Nifty OI has jumped to 6300, which indicate higher volatility (may temp.).  Even though India Corp. could not encash Softer Commodity Prices, Weaker Rs., expecting RBI rate cut and media supporting may not be reasonable.  By observing Monsoon, 1st Qtr. results and settlement of USD, July may be right time to take Interest Decision.

NIFTY SPOT LEVELS:

Pivot: 6110
Resistance:6148/6172/6210
Support: 6086/6048/6024

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
TATAGLOBAL EQ: BUY > 146 TRG 150 SL 144
LICHOUSING EQ: BUY > 268 TRG 274 SL 267
RELIANCE EQ: SELL < 837 TRG 828 SL 845

30-05-13 MARKET:

MARKET TREND:
Yesterday market has moved as it suppose to be the day before derivatives settlement. There is no extremes except Nifty Futures running in discount and open interest in minus.  All major Indices (except Kospi) have been closed in Red.  Market may flash in opening and go for low levels.  Today closing is important to have view on market trend.

NIFTY SPOT LEVELS:
Pivot: 6100
Resistance:6123/6155/6185 Support: 6074/6044/6019

NIFTY FnO BAN: RENUKA

STOCKS FOR DAY:

SUNPHARMA EQ: BUY > 1055 TRG 1090 SL 1030

HER0 MOTOR EQ: BUY > 1775 TRG 1806 SL 1755

RELIANCE EQ: BUY > 843 TRG 853 SL 837
RECLTD EQ: BUY > 233 TRG 237 SL 229

TREE HOUSE EQ: BUY > 274 TRG 280 SL 268
LICHSGFIN EQ: SELL < 272 TRG 266 SL 276

SOBHA DEVE EQ: SELL < 408 TRG 402 SL 412

29-05-13 MARKET:

MARKET TREND:

Market is moving in line with Peer Markets.   General volatility is witnessed, which would be there before any Derivative Settlement. As RBI policy fallen day after the settlement date. rollovers are taking much before the normal practice.   Results and other Corporate News are adding the fuel to flare.   Market range is intact between 6000-6100.   Today market may open flat with negative bias and move positive till 6130/6140.  Day trades can go short. with 6170 SL.

NIFTY SPOT LEVEL:
Pivot: 6098
Resistance: 6141/6170/6213
Support: 6068/6025/5996

NIFTY FnO BAN: RENUKA

STOCK FOR DAY:
LIC HSG EQ: BUY > 277 TRG 279/282 SL 273
IDFC EQ: BUY > 156 TRG 158-159 SL 154
RELIANCE EQ: BUY > 839 TRG 851 SL 830

28-05-13 MARKET:

MARKET TREND:
Yesterday market activity is seen as: Rollovers, Short/Long Coverages & Value buyings.  Only 2 trading sessions left for near month settlement and Very Next Day is expecting positive RBI credit policy, traders are in hurry to safeguard or protect their investments in next month derivatives.   Since, positional traders are going for value buy, market has given positive points.  But surprisingly MACD in negative divergence.   Traders can be in Long in morning for 6130 target and go for Short at higher levels with 6180 SL.

NIFTY SPOT LEVELS:
Pivot: 6053
Resistance: 6130/6177/6255
Support: 6005/5928/5881

NIFTY FnO BAN: RENUKA

STOCKS FOR THE DAY:
HDIL EQ: Buy > 50 Trg 52 SL 49
TATA MOTORS EQ: Buy > 292 Trg 299 SL 288 (29th  4th QTR Results)

27-05-13 MARKET:

MARKET TREND:
On Friday market has gone for coverage of positions.   Today market may open flat and go for correction. With 6020 SL traders can go for short.  Market may be volatile between 5900-6100 till the next trigger.  

NIFTY SPOT SUPPORT:
Pivot: 5979
Resistance: 6020/6057/6099
Support: 5942/5900/5864

NIFTY FnO BAN: HDIL, RENUKA

NIFTY STOCKS FOR DAY:
Tata Power EQ: Buy > 90.10 Trg 93 SL 88
RCom EQ: Buy > 107.50 Trg 110 SL 105.50
CESC EQ: Buy > 322.50 Trg 338 SL 313

24-05-13 MARKET:

MARKET TREND:

When the people are in shock, voice will be chocked.    Yesterday many Technical Advisors' situation would have been the same.    Overseas Financial News have been joined with Market rumours and taken the market to lower by breaking technicals.  Today morning may see some short covering, since Wise Investors are in huge profits with 6400 CE shorts. 5880/5900 could be temporarily get support. Wider Market range between 5900 - 6100.

NIFTY SPOT LEVELS:

Pivot: 6001
Resistance: 6047/6127/7172
Support: 5921/5875/5795

NIFTY FnO BAN: HDIL/RENUKA

STOCKS FOR DAY: 
ONGC EQ: Buy > 329 Trg 333 SL 324
Avanti Feeds EQ: Buy > 114 Trg 117 SL 109
Jyoti Labs EQ: Buy > 179 Trg 190 SL 172

23-05-13 MARKET:

MARKET:
Market likely to start negative and get support @ 6050.  Traders can go long with 6020/6030 SL for target of 6135.   As per calls data range still in tact with 5900 - 6200.

NIFTY SPOT LEVELS:
Pivot: 6105
Support: 6063/6032/5990
Resistance: 6137/6178/6210

NIFTY FnO BAN: HDIL, RENUKA

STOCKS FOR DAY:
SBI EQ: BUY > 2370 TRG 2395 sl 2338 (RESULTS ON SCHEDULE, MAINTAIN SL)
TECH MAH EQ: BUY > 948 TRG 970 SL 924
ONGC EQ: BUY > 325 TRG 335 SL 320

22-05-13 MARKET:

MARKET TREND:
Market is correcting to levels of consolidation. Today market may range between 6050-6150. Market is waiting for trigger, it may be range bound and play in line with Peer Markets.  Broader range for market has shrunk to 5900 - 6200.

NIFTY SPOT LEVELS:
Pivot: 6132
Resistance: 6162/6210/6240
Support: 6084/6054/6006

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
Ganesh Housing Eq: Buy > 83/88/77
Uniphos Ent (500429) : Buy > 20.55 Trg 21.25 SL 20.20
IBReal Eq: Sell < 82.75 Trg 79.50 SL 85

STOCKS TO WATCH - POSITIONAL:
GSPL

21-05-13 MARKET:

21-05-13

Yesterday Market has been booked some profit. Today also likely to continue the same trend.  Traders are shifting between equity and derivatives and playing with in range of 6000 - 6200. In line with peers,  market likely to open flat and close in red after gaining some points.  With 6200/6210 SL can go short for the target of 6120.

NIFTY SPOT LEVELS:

Pivot: 6177

Resistance: 6209/6231/6263

Support: 6155/6124/6102

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

SUPREME INFRA EQ: BUY > 208 TRG 211 SL 206

RIIL EQ: BUY >414 TRG 424 SL 398

STOCKS TO WATCH – POSITIONAL (WAIT FOR DAY LOWS)

ADANIENT, IDFC, LICHSGFIN, RELIANCE, PFC, IRB, RECLTD

20-05-13 NIFTY TREND:

20-05-13
MARKET TREND:

From last 5 weeks Nifty has closed in Green and played between 5500 and 6200.  Now the question is: Can we expect more? Market is driving by Money Flows and Peer market influence. As the market floating mixed news like S&P warning, RBI rate cut and PM will go away etc., we should trade with SL and try to take advantage of market movement.  As market correction is always expensive, one should be cautious.  Market range 6000 - 6200.  Traders can go short Nifty @ 6200 level with 6230/6240 SL.

NIFTY SPOT LEVELS:

Pivot: 6178

Resistance: 6209/6231/6263

Support: 6155/6124/6102 

NIFTY FnO BAN: NIL

  

STOCKS FOR DAY:

VIVIMEDLABS EQ: BUY > 288 TRG 306 SL 286

KOLTEPATIL EQ: BUY > 101.75 TRG 104 SL 100

17-05-13 MARKET::

17-05-13 MARKET TREND:
Yesterday market has given hope of ray.   But it is not convincing because trade volumes are low and market breadth is also low.  We can't take it as breakout.   Still we see a chance of Nifty short opportunity @ 6220 with SL @ 6255. Since FII are looking for profit booking and shifting of partial funds to Europe, which is giving sign of Thumbs Up, market correction will be at surprise and it slide very fast.

NIFTY SPOT LEVELS:
Pivot: 6161
Resistance: 6195/6220/6254
Support: 6162/6136/6102

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

IDFC EQ: BUY > 161.50 TRG 166 SL 158.50

ADANIENT EQ: BUY > 229 TRG 232 SL 226

GODREJIND EQ: BUY >317 TRG 322 SL 311

STOCKS TO WATCH – POSITIONAL:

ITC, HDFC, IDEA, ZEEL, MCDOWELL-N, TITAN, SUNPHARMA, MARUTI, CESC, ULTRACEMCO, HAVELLS, GRASIM 

16-05-13 MARKET:

16-05-13
MARKET TREND:
Yesterday Market has given back, what ever taken on day before.  Since volumes are better than weekly average, and range is in tact, market may try to test Jan.2013 high of 6181 before go for profit booking. With 6245 SL can go for short.

NIFTY SPOT SUPPORT: 
Pivot: 6108
Resistance:6196/6246/6335
Support: 6058/5969/5920

STOCKS FOR DAY:

ONGC EQ: BUY > 333 TRG 338 SL 329

IRB EQ: BUY > 122.50 TRG 127.50 SL 119

UNITY INFRA EQ: BUY > 31.5 TRG 32.50 SL 31

STOCKS TO WATCH – POSITIONAL

HINDUNILVR (HINDUSTAN UNILEVER LTD.)
DABUR (DABUR INDIA LTD)
SUNPHARMA (SUN PHARMACEUTICALS IND.)
TITAN (TITAN INDUSTRIES LTD)
MARUTI (MARUTI SUZUKI INDIA LTD.)
ULTRACEMCO (ULTRATECH CEMENT LIMITED)
CESC (CESC LTD)
HAVELLS (HAVELLS INDIA LIMITED)
COLPAL (COLGATE PALMOLIVE LTD.) 

15-05-13 MARKET TREND

15-05-13
MARKET TREND:
Market will be Range Bound.  Market range will be 5800  -6200.  Today market may open flat and close with positive note. Market may get support @ 5960/5970.

NIFTY SPOT LEVELS:
Pivot: 5997
Resistance: 6024/6053/6081
Support: 5968/5941/5912

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
Nelco Eq: Buy > 42 Trg 45 SL 39.75
Delta Corp Eq: Buy > 72 Trg 75 SL 69.50

CONSOLIDATION or CORRECTION!

14-05-13

MARKET TREND:

Yesterday our Nifty bleeded more than 2% which is higher than other Major Indices of the Peer Markets.  Since our market is overbought zone (daily basis), obviously profit booking has taken by the traders.  Morning market may open with positive bias (in line with peers) and 6020 may act as resistance.   Market may get support @ 5950/5960 for time being.  

NIFTY SPOT LEVELS:

Pivot: 6019
Resistance: 6055/6151/6198
Support: 5934/5867/5802

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

DIVIS LAB EQ : BUY > 1097 TRG 1114 SL 1087

NIITTECH EQ: BUY > 268 TRG 275 SL 262

TAJGVK EQ: BUY > 63.75 TRG 65.75 SL 62.50

STOCKS FOR DAY – SELLING (ONLY FOR MOVEMENT TRADERS)

RCOM, PUNJLLOYD, ICICIBANK, JINDALSTEL, PFC, GODREJIND 

STOCKS TO WATCH – POSITIONAL

GRUHA FINANCE 

13-05-13 market trend:

13-05-13

MARKET TREND:
Nifty is overbought on Daily Charts and Technically strong signs.  But weekly charts are have still some upside.  Since overall breadth is in due, market may go for some more consolidation between 5800-6200 range.   For day 6120/6140 will act as resistance.

NIFTY SPOT LEVELS:
Pivot: 6082
Resistance: 6119/6142/6178
Support: 6058/6022/5999

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IFBINDUSTRIES EQ: BUY > 84.50 TRG 86.75 SL 82

STOCKS TO WATCH – POSITIONAL:

GODREJIND (GODREJ INDUSTRIES LTD)
ADANIENT (ADANI ENTERPRISES LIMITED)
TATAGLOBAL (TATA GLOBAL BEVERAGES LTD)
PFC (POWER FIN CORP LTD.)
RECLTD (RURAL ELEC CORP. LTD.)
APOLLOTYRE (APOLLO TYRES LTD) 

BE SMART COOKIE!

10-05-13

MARKET TREND:
Market at consolidation with negative bias. 6080/6110 likely to act as resistance.  Market Directional Indicators are intact and Technical & Volume indicators are in negative.  One should be Smart Cookie to deal with todays market.  IPP data could be positive, and Traders may take advantage, and Sell at highs.  Market range still intact between 5800 - 6200.

NIFTY SPOT LEVELS:
Pivot: 6058
Resistance: 6076/6103/6121
Support: 6032/6014/5988

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

IDFC EQ: SELL < 155 TRG 152.75 SL 156.50

HCLTECH EQ: BUY > 769 TRG 784 SL 754

STOCKS TO WATCH-POSITIONAL:

TATAGLOBAL, APOLLOTYRE, RELIANCE, PFC, RECLTD, ADANIENT, GODREJIND

INDICES VIRTUALISATION!

09-05-13

MARKET TREND:

Yesterday market has moved in range by respecting recent high and witnessed Consolidation &  Virtualisation of Indices.  Even yesterday FMCG Indice is favorite Indice,  which is all time favorite in overbought market. Today also same scenario may be continue and market will move in line with Peer Markets. 6090 will be act as resistance.  Closing above 6100 only market will go to the next level of 6300.  

NIFTY SPOT LEVELS:
Pivot: 6059
Resistance: 6094/6118/6152
Support: 6035/6000/5976

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
GODREJIND EQ: BUY > 315 TRG 320 SL 310
DISH TV EQ: BUY > 68.5 TRG 69.75 SL 67.25

STOCKS TO WATCH-POSITIONAL:

IDFC, RELIANCE, TATAGLOBAL, RECLTD, PFC, INDIAINFO, ADANIENT, TI, GODREJIND, KOLTEPATIL, SOBHA, TREEHOUSE

EYE OPENER!

08-05-13

REVIEW:
This is the time to review your Profits on your Equity Investments.   We have to plan/expect (one) 1 Up among the investments.   In general, we will feel happy when there is up movement and go on waiting for best.  As Investor we should know what kind of returns should take against our risk/work.    If simply wait for the best after best, Professional Investors/Institutional Investors will book the profits (they are well versed in value calculations) and the technical levels will be broken and there after stock will become weak.   So we advise you to review your Investments Vs Profit and book profits wherever it is possible.    By that we can have liquid cash to reinvest, whenever SELECTIVE STOCKS COMES TO RIGHT PRICE.

MARKET TREND:

From last 30 days market has given more than 500 points.  Obviously Nifty is in overbought positions.  In general climbing will be done step by step, but sliding will not have that feature.  Market may be volatile before profit booking.  As per Trend 6080/6095 seems to be resistance for the market. As FIIs are in minus in FnO and long in Equities (mostly FMCG) value buying, it can be eye opener for traders.

NIFTY SPOT LEVELS:
Pivot: 6025
Resistance: 6068/6095/6140
Support: 6000/5958/5933

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UFLEX EQ: BUY > 77 TRG 78.50 SL 76
INDOWIND EQ: BUY > 3.45 TRG 3.60 SL 3.40
JUBLIFOOD EQ: BUY > 1135 TRG 1154 SL 1117

STOCKS TO WATCH – POSITIONAL:

BHARTIARTL, ITC, IDEA, HDFC, ZEEL, LT, SUNPHARMA, MARUTI, HAVELLS

ACCEPTING YOURSELF!

07-05-13

REVIEW:

Why Cobrapost expose was a non-event for bank stocks? (question from press)

This is an article from a media on irregularities (PAN, KYC, MONEY IN LOCKERS etc) of investments, which are through bank and insurance products. Generally market was not taken serious and in fact SBI etc closed in green.   

We, Indian Public used too many kind of irregularities, right from traffic rules to investigations and politician & businessman scandals.   Even lakhs of crores of public money is reported under various scandals, except some people like ANNA HAZARE etc, common man never bothers .   From many days purposefully our Rulers have prepared us for this kind of things. When media also started Breaking News concept for even small issues, people started Scale even major issues in same level.  That is reason, now a day any news regarding EXPLOSION IN PAKISTAN and SCAMS/IRREGULARITIES IN HINDUSTAN are not much impact news.

MARKET TREND:

Market may move in line with peer markets.   Market likely to open flat. 6020/6040 will act as major resistance.  Since volumes are low and market is overbought position, market may be in range bound.  

NIFTY SPOT SUPPORT:

Pivot: 5958

Resistance: 5989/6007/6036

Support:: 5940/5910/5890

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

JINDAL STEEL EQ: BUY > 324 TRG 328 SL 320
RECL EQ: BUY > 221 TRG 226 SL 218

STOCKS TO WATCH – POSITIONAL:

APOLLOTYRE, RELIANCE, TATAGLOBAL, ADANIENT, RECLTD, GODREJIND

WHO SHOULD BELL THE CAT!

06-05-13

MARKET TREND:

As a developing country (from last so many years) we are going through many pressures, because of our Inbuilt Nature.  Generally Indians not looks like Aggressive, but fight for Self Respect and Intelligently wait for Opportunity . In this nature, snagging approach will be applied. That is reason, we take more time to reach destination or to solve problems.  In this process, many said problems would be diluted or mentally accepted to face it.  The financial matters are not differently dealt from the said nature. In between Power Struggle should not come in the way by passing the Bug.

We support Mr Rao's  point, what he repeats occasionally:  
"Subbarao also believes that the ball is in the government’s court to revive investor sentiment and growth. “Without policy efforts to unlock the tightening supply constraints and bring enduring improvements in productivity and competitiveness, growth could weaken even further and inflationary strains could re-emerge.” (extract from firstpost.com).

As a common man we expect, the Politicians and Bureaucrats, SHOULD HAVE MORE TEETH TO CONTROL THINGS, BUT NOT TO BUILD MUSCLE. 

Since, Govt. focussing on structural changes to meet the financial goals, FIIs may follow, wait and watch policy.  Since our markets are mostly depend on FII flows, market may get consolidate between 5800-6100 levels.

Today market may open with positive note and play between 6020-5950

NIFTY SPOT LEVELS:

Pivot: 5958

Resistance: 5986/6028/6056

Support: 5916/5888/5845

NIFTY FnO BAN: NIL

STOCKS FOR DAY TRADE:

ADANI PORT EQ: BUY >154 TRG 160 SL 150

BERGER PAINTS EQ: BUY > 194 TRG 198 SL 192

AMBUJA CEMENT EQ: SELL < 189 TRG 184 SL 193

STOCKS TO WATCH - POSITIONAL: (BANK STOCKS CAN BUY AT  WEEKLY LOW)

YESBANK (YES BANK LIMITED)
AXISBANK (AXIS BANK LIMITED)
TATAGLOBAL (TATA GLOBAL BEVERAGES LTD)
M&M (MAHINDRA & MAHINDRA LTD)
INDUSINDBK (INDUSIND BANK LIMITED)
KOTAKBANK (KOTAK MAHINDRA BANK LTD)     

BEAR WAKE UP!

 03-05-13

MARKET TREND:

With Peer Marke,  Corporate Result and Positive Response on RBI Policy, general market has responded positively.  Due to oversold situation, and other technicals indicate, the market sell @ highs.

Market may get resistance @ 6040. Day traders can put Bets on 6000 PE with strict SL.

NIFTY SPOT SUPPORT:

Pivot:: 5977

Resistance:6042/6085/6150

Support:: 5933/5868/5825

NIFTY FnO BAN:NIL

STOCKS FOR DAY TRADING:

JUBILLANT FOOD EQ: BUY > 1125 TRG 1140 SL  1110

STOCKS TO WATCH-POSITIONAL:

GODREJIND , TATAGLOBAL, PFC, RECLTD, IDFC, APOLLOTYRE

FEELERS

02-05-13

MARKET TRE
Our FM most of the time release feelers to Pull Attention on Issues and Relax Hurdles whenever balance of action required.  In recent he has started relaxing regulations, whichever helpful to improve fiscal balances with Debit Funds rather than Equity Funds.   
Since, petrol prices have been adjusted to lower side and Corporate Debt cost has been reduced through  Tax Reduction, Interest Rate Cut may not be need of hour.  If RBI reduces (more than 25 bps) market will  be taken as bonus and may end in green in this week.
Today's Market may open in Red and close in Green.  Market range between 5800 - 6000.

NIFTY SPOT LEVELS:
Pivot: 5920
Resistance: 5972/6014/6066
Support: 5878/5825/5780

NIFTY FnO BAN: NIL

STOCKS FOR DAY TRADING:
Bata India EQ: BUY > 737 TRG 761 SL 722
Beyer Corp EQ: BUY > 1140 trg 1170 SL 1120

STOCKS TO WATCH – POSITIONAL:

BHARTIARTL,  LT, SUNPHARMA, SUNTV, MARUTI, BAJAJ-AUTO