Free Intraday Stock Tips

Stock Tips: 20-May-2009

Markets end flat on profit booking

The market opened gap up yesterday on strong global cues but profit taking at higher levels pulled the market down to negative zone within minutes of trading. However, the market bounced back again and moved range bound for the better part of the session. The Sensex finally closed the day with a meager gain of 18 points at 14302 amid intra day swing of about 1100 points while the Nifty finished flat with marginal loss of 5 points at 4318. The Nifty hit an intra-day high of 4,509 which was almost double its low made in the month of October 2008. The market cloaked one of the highest turnovers on record yesterday at more than 1.5 trillion rupees. The market breadth remained positive with gainers outnumbering losers by 1924 to 742. The gainers yesterday included stocks from the realty, banking, capital goods, auto and metal sectors while, pharma, IT and oil sector stocks lost heavily. Market volatility is not ruled out during this week. Meantime, investors are eagerly waiting to hear the name of the finance minister who may prove to be one of the key factors for the market trend.

Market end flat, see highest ever turnover of Rs 1.57 lakh cr
L&T bags orders worth Rs 518.2 crore
Godrej ties up with Star, Big Synergy to produce reality show
TVS Srichakra to announce financial results
Investors lap up Aditya Birla Nuvo shares; stock up 30

Sell NIFTY
Below 4290
4242
4318
Future Intraday

F. Nifty levels:-
Pivot Point: 4383 ; Resistance: 4579 ; Support:4146

Positional view of Trend changing stocks

Stocks to Buy at Lower levels.
GLAXOSMITHKL @ 822.53 , Sl 805.00 ,Cmp840.60
HCL TECHNO @ 153.40 , Sl 148.00 ,Cmp158.75
BAJAJ AUTO F @ 104.80 , Sl 95.00 ,Cmp112.20

Stocks to Short at Higher levels.
BAJ HOLD INV @395.25 , Sl 412.00 ,Cmp 388.75
TATA TEA @ 705.62 , Sl 747.00 ,Cmp689.85
PTC INDIA @ 77.30 , Sl 85.00 ,Cmp 75.10

Stocks to Watch: AGRO DUTCH

Previous days High Crossed: INDIABULLS, JAI CORP LTD , CHETTINAD , ADORWELDING

Previous days Low Crossed:BHARAT FORGE , BHUSH STEEL , CIPLA LTD. , GREAT EASTE , JP HYDROPOW , MPHASIS LTD , LUPIN LTD, ITC LTD.

Tags: daily market report, day trading calls, Intraday, intraday stock calls, nifty signals, Options

Stock tips for 18-May-2009

Markets Expected to open in circuits…..

Markets in celebration mode

Markets are set to surge today on expectations that the clear election victory would lead to a strong and stable government that would accelerate the pace of economic reform. A strong Congress-led coalition, free of pressures from its former communist partners, has boosted the prospect of reforms to encourage growth. A government at the centre without the support of the parties with narrower national outlook is very much supportive for the markets. It is hoped that the insurance and pension sectors will be further opened up for foreign investments with increased investment in infrastructure and other key sectors. The government may continue its softer interest rate policy which may help in lifting the sagging economy. In view of political stability and reforms program continuing, both FDI and FII investment will also get a boost. In nutshell, markets appear to be in buoyant mode for the time being and investors may take fresh positions selectively.

NIFTY FUTURE
BUY ABOVE 3730 TARGET 3770-3831-4021

Positional view of Trend changing stocks

Stocks to Buy at Lower levels.
ABB LTD. @ 484.92 , Sl 475.00 ,Cmp491.55
ACC LTD . @ 629.58 , Sl 614.75 ,Cmp634.75
GVK POWERINF @ 28.05 , Sl 27.28 ,Cmp28.15
TATA POWER @904.18 , Sl 896.18 ,Cmp908.55

Stocks to Watch: REI AGRO LTD, D-LINK INDIA, IWIND ENERGY

Stock tips for 12 May 2009

Growth in India raises Suzuki Q4 profit of$106 mn
ONGC to pump Rs6,000 cr to raise output from offshore fields
Sensex extends losses to over 1% on poll worry. Sensex ends down 193 points & Nifty ends down 66 points
Bharti Airtel becomes India’s biggest music company

Nifty (spot) 3554.60

Nifty Intraday trading levels and range

Today, if Nifty trades above 3515, then it could test 3620.

Instead, if it sustains below 3515, then it could test 3440 and below this level, it could test 3400.

Nifty intraday Trading Strategy

For intraday, the crucial level is 3515. Trade short below this level and trade long above this level.

Nifty Positional Trading Strategy

Positional traders can initiate shorts if it fails to sustain above 3600 for a target of 3300 with a stop at 3600 and trade long above 3600 for a target of 3700 with a stop at 3600.

Short term Technical View of Nifty

The rally from the low of 2545 seems to corrective and it is likely to top out around 3600 and in the downside it is likely to test 2900 initially in coming trading sessions.

The maximum Nifty could go in the upside for the short term is 3600.

Medium term outlook of Nifty dated on 17 April 2009

The medium term outlook of Nifty would remain bearish if it fails to sustain above 3600. Nifty is likely to bottom out in the medium term at 2000-2200 levels in coming months and if it fails to sustain above this level, then it is likely to decline below 2000 levels.

Long term outlook of Nifty dated on 13 October 2008

The long term outlook of Nifty is looking bearish and it seems that Nifty is likely to bottom out in 6 months to 1 year if the bottom forms around 2000. If the level 2000 is not held, then Nifty is likely to take more than 1 year to bottom out.

Short term trading calls of Stocks for spot market

Reliance (spot)

The level 1820 is crucial for short term. If it sustains above 1820, then it is likely to rally towards 2000.

Instead, if it fails to sustain above 1820 in coming trading sessions, then it is likely to turn weak and it could decline towards 1700 initially.

Trading Strategy for Reliance

For intraday, the crucial level is 1885. Trade long above these levels and trade short below these levels.

Positional traders can initiate longs if it sustains above 1820 for a target of 2000. Initiate shorts if it fails to sustain above 1820 for a target of 1700.

SBI (spot)

The crucial level for the short term for this scrip is 1230. If it fails to sustain above 1230, then it is likely to turn bearish and in the down side it could test 1150 in coming trading sessions.

Instead, if it sustains above 1230, then the short term trend would turn bullish and in the upper side it is likely to move towards 1350.

Trading Strategy for SBI

For Intraday, the crucial level is 1230. Trade long above this level and trade short below this level.

Positional traders can initiate shorts if it fails to sustain above 1230 for a target of 1150. And initiate longs if it sustains above 1230 for a target of 1350.

Ongc (spot)

The level 880 is crucial in the short term. If the scrip trades above this level, the short term would turn bullish and in the upper side it could test 930.

If it fails to sustain above 880, then the trend would turn bearish and in the downside it is likely to decline towards 750 initially.

Trading Strategy for Ongc

For intraday, the crucial level is 880. Trade long above this level and be short below this level.

Positional traders can initiate shorts if it fails to sustain above 880 for a target of 750. Initiate longs if it sustains above 880 for a target of 930.

Icici Bank (spot)

The level 515 is crucial for this scrip in the short term. If it sustains above this level, then it is likely to see a rally from these levels towards 550.

Instead, if it fails to sustain above 515, the short term trend would turn bearish and in the downside it is likely to decline towards 450 initially.

Trading Strategy for Icici Bank

For intraday, the crucial level is 515. Trade long above this level and be short below this level.

Positional traders can initiate shorts if the scrip fails to sustain above 515 for a target of 450. Initiate longs if it sustains above 515 for a target of 550.

Infosys (spot)

The crucial level for the scrip in the short term is 1500. The trend would remain bearish for this scrip if it sustains below 1500 and in the down side, it could test 1400 initially.

If the scrip sustains above 1500, then the scrip is likely to turn bullish in the short term and in the upper side it could rally towards 1600.

NIFTY Fut
Sell Below 3532
3490
3560
Future Intraday

NIFTY magic levels
Current Spot – 3554.60
Support – 3505 and 3470
Resistance – 3590 and 3645

Sell LT below 952 SL 965 Target 934-915
Sell HEROHONDA below 1202 SL 1220 Target 1189-1175
Sell BAJAJHIND below 102 SL 108 Target 96-91
Sell HDIL only below 161 SL 167 Target 152-147

US markets ended negative.
Europe also ended negative.
Asia has opened in red and is also trading in red.
Expect a gap down opening in Indian Markets.

Day Trading Ideas -

Sesa Goa
Buy above 141 for targets of 145 and 148
Sell below 131 for targets of 128 and 125

HUL
Buy above 228 for targets of 230 and 232
Sell below 221 for targets of 219 and 216

Tags: daily market report, day trading calls, intraday stock calls, nifty signals