2010 February | Free Intraday Stock Tips

Archive for February, 2010

Todays Intraday Tips and Budget Expectations

Today, A Budget day expect good intraday movement in Nifty. There could be some surprise swings in Nifty Futures with every statements made by the Finanace Minister.
On the Upside, Look out for the 4950 mark, if its closes above this level , we could reach out to much higher trading prices.On the downside, watchout for the 4800 mark.
Some reports indicate that Small & Medium scale enterprises are most likely to be affected blissfully from the upcoming union budget. The small scale marketers and entrepreneurs are expecting a pile load from the Finance Minister’s decision making metabolism.

Things in the budget speech you should watch out for (that may affect market movement) are :

Corporate tax rate will be lowered to 30%.
Creation of job opportunities which is likely to be dealt with fiscal policies thus in accordance to several different development program.
Textile Industry expecting the interest subsidy to be brought to 8 per cent.
Liberalize tax slabs. It would be a welcome step if this IT slab limit is increased to Rs 200,000.
Increase exemption limit of various allowances. Exemptions can be raised to Rs 1,000 pm for children education, Rs 3,000 pm for hostel expenditure and Rs 2,500 pm for transport allowance.
Raise housing loan exemption limits. Allow deduction for interest during the construction period instead of allowing it only after the construction is complete.
Increase the limit of Rs 15,000 to Rs 20,000 for health insurance premium paid for self, spouse and dependents parents. Also Increase the limit for senior citizens to Rs 25,000, considering that healthcare costs for senior citizens are higher.
Increase in Section 80C limit. Section 80C of the Income-tax Act, 1961 allows deduction of up to Rs 100,000 for investments in a host of specified schemes like mutual funds, fixed deposits, provident fund, etc. That limit can be raised further (to 2,00,000).

However the Economic Survey tabled on Thursday reiterated the view that the Indian economy was firmly back on track after encountering the global downturn and predicted a return to 9% GDP growth by FY12.

Intraday Calls

BUY NIFTY ABOVE 4852 TGT 4871-4883 SL 4836
SELL NIFTY BELOW 4870 TGT 4852-4841SL 4886

State Bank Of India
BUY WITH STOPLOSS OF 1882
TARGETS – 1946-1956
IF CLOSES ABOVE 1956 THEN 2030-2040

Tags: budget 2010, budget expectations, daily market report, day trading calls, intraday stock calls, nifty signals, pranab mukherji, union budget

Friday, February 26th, 2010 Intraday Calls No Comments

Todays Intraday Calls And Excerpts of Populist railway budget (Though overshadowed by Sachin’s Double Ton)

Mamata Banerjee presented the Annual Railway Budget for the financial year 2010-11. (Thought overshadowed by Sachin’s Double Ton)

Following are the extracts of railway budget:

No privatization for railway department
Limited funds available consistent for line addition
Special task force to clear proposal for investment in 100 days
Time for business partnership with railways has come
To come out with 10 year plan ‘Vision 2020.’
Plan to raise Rs 100-200 billion in FY’11
To launch double-decker trains on pilot basis
To complete 1000 km lines in one year.
117 new trains to be flagged off by March 31.
Rs 1,300 crore for passenger amenities
To set up six bottling water plants via PPP model
Not to increase freight tariff
All unmanned level crossings to be manned in next five years
381 diagnostic centers to be set up through out the country, also hospitals
Center for Railway Research to be set up in affiliation with technical institutes like IIT etc.
To set up 12 cos of women RPF
To acquire 80,000 new wagons
To run 101 suburban trains in Mumbai
To introduce 54 new trains in FY’11
FY’11 freight Loading Aim at 944 mt
To extends routes for 21 trains
to set up 10 auto ancillary hubs in PPP model
FY’11 gross traffic receipts at Rs 94,800 cr
To set up 10 more Duranto trains
Service charge on AC class cut to Rs 20 from Rs 40
cut freight on food grain, kerosene by Rs 100/wagon
to set up more freight corridors
FY’11 plan layout Rs 41426 cr
To start door to door service for freight movement
To sign pact for western corridor pact with Japan Company in March
premium service for parcel freight movement
to set up dedicated passenger corridor
To set up golden rail corridor for dedicated passengers
Non Core Biz Revenue seen at Rs 100 billion
To beat FY10 freight target by 8 mt
More ticketing centers to help the public
Pilot project for fire detection
Funding for metro rail project increased by 5%

AND ABOVE ALL SACHIN BECAME THE FIRST BATSMAN IN THE HISTORY OF ONE DAY GAMES TO MAKE A DOUBLE CENTURY. IF IT COULD MOVE OUR MARKETS NORTHWARD…

Intraday Calls:
Nifty(Spot): If Nifty(spot) trade above 4875 then some more uptrend in the market upto 4900 – 4920 – 4950, and if Nifty(spot) trade below 4830 then some profit booking in the market upto 4800 – 4780

Intraday Calls :

JSWSTEEL
Buy near 1072
SL 1065
Targets 1082,1090
Or if trades below 1044
Short JSWSTEEL
SL 1051
Targets 1034,1028

MARUTI
Buy near 1374
SL 1367
Targets 1384,1390
Or if trades below 1331
Short MARUTI
SL 1338
Targets 1321,1315

MCDOWELL-N
Buy near 1335
SL 1328
Targets 1345,1353
Or if trades below 1308
Short MCDOWELL-N
SL 1315
Targets 1298,1292

Future Calls:
BUY NATURAL GAS ( MARCH )
ABOVE 227.5
STOPLOSS 224
TARGETS: 231-235-239 .

Tags: daily market report, day trading calls, future calls, intraday stock calls, intraday tips, nifty signals, world news

Thursday, February 25th, 2010 Intraday Calls No Comments

Todays Stock Market Tips

The global cues are is not good for tomorrow (as of now). Europe has closed deep in the red and the Dow is also trading bearishly (-77). Nifty may open lower around 4840 levels and then decide whether to break down or crawl up north. As we are suggesting every now and then we should wait for markets to consolidate for 2-3 days and then we can see the clear picture. At least till 26th Feb (You know why.)

Nifty:
BUY ABOVE 4840 TARGET 4872-4888 SL 4917. IF STAYS ABOVE 4910 FOR 8-10 MINUTES EXTENDED TARGETS ARE 4919-4931
SELL BELOW 4873 TGT 4840-4821 SL 4896. IF STAYS BELOW 4805 FOR 4-5 MINS THEN EXTENDED TARGETS ARE 4787-4765-4750