Archive for April, 2010
Recovery Phase Of Markets Ahead
The market opened on firm note yesterday on the back of strong global cues but remained range bound throughout the session moving in the positive territory. Stocks belonging to the reality and metal sectors, which were beaten down showed much needed strength and ended on bright note yesterday. Select capital goods and PSU stocks too edged higher, while IT, pharma and FMCG stocks ended on a subdued note.
Those who bought yesterday will get a reasonable profit today.
Nifty Levels
If Nifty(spot) trade above 5275 then we can see upmove in the market upto 5300 – 5320 – 5350
if Nifty(spot) trade below 5220 then we can see bearidh trend in the market upto 5200 – 5170 – 5150.
Intraday Calls
M&M : Buy above 531 sl 524 Targets 540,544 Or if trades below 519 Short M&M SL 526 Targets 509,505
ACC: Buy above 912 sl 903 Targets 924,930 Or if trades near 896 Short ACC SL 905 Targets 884,880
BPCL: Buy above 506 sl 498 Targets 515,520 Or if trades near 493 Short BPCL SL 500 Targets 480,475
Options Tips For Intraday
BUY NIFTY 5300CE ABOVE 78 TGT 85-88 SL 73.95
BUY NIFTY 5200PE ABOVE 92 TGT 99-103 SL 87.65
BUY BHARTIARTL 300CA ABOVE 8.25 TGT 9.25-9.80 SL 7.65
BUY DLF 320CA ABOVE 10.35 TGT 12.50-13.50 SL 9.20
BUY DLF 300PA ABOVE 10.15 TGT 11.75-12.50 SL 9.25
BUY ICICIBANK 940CA ABOVE 27.70 TGT 31-33 SL 25.50
BUY MARUTI 1300CA ABOVE 24.45 TGT 27-29 SL 22.75
BUY MARUTI 1300PA ABOVE 46.60 TGT 53-56 SL 43
BUY RELIANCE 1050CA ABOVE 24.45 TGT 27-29 SL 22.80
BUY RELIANCE 1000PA ABOVE 15.45 TGT 20-22.50 SL 12.80
BUY SBIN 2300CA ABOVE 53.30 TGT 61-65 SL 49.20
BUY SUZLON 75CA ABOVE 1.15 TGT 1.40-1.50 SL 1.05
BUY SUZLON 70PA ABOVE 3.65 TGT 4.25-4.60 SL 3.30
BUY TATASTEEL 640CA ABOVE 20.30 TGT 22-23 SL 19.25
BUY UNITECH 85CA ABOVE 2.50 TGT 3-3.25 SL 2.25
Markets in murderous mood
The following activities might give some support for Indian Markets. Otherwise the global cues are suggesting (at the time of this post)
1. The monsoon forecast is optimistic and expected to ease the inflationary pressure.
2. The Finance Bill comes up in the Parliament on 28th April 2010. Watch this with care.
Greece has been down graded by Standard & Poor’s into junk territory on concerns about its ability to implement the reforms needed to address its high debt burden. The agency cut the rating a full three notches to BB-plus, the first level of speculative, or junk, status.Portugal too follows suit in downgrades and this has set the panic mode in the European markets.
Dow is cut out bad too and was down a full 213 points.
Now asian markets are also opened in red and are almost 3% down.
Some news bits as follows
- FY11 GDP growth to surge to 8.3% driven by industrial growth.
- Kingfisher commences two new flights between UAE, India
- SAIL raises Rs 6.6 billion via bonds at 8.72%
- Mandhana Industries IPO gets Rs 15 cr from anchor investors
NIFTY support at 5200-5220 – 5180
NIFTY resistance at 5260 and 5300.
Intraday Calls
BATAINDIA ( Bata India Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
285 |
276 |
294 |
304 |
|
SELL BELOW |
274 |
279 |
267 |
250 |
ABGSHIP ( ABG Shipyard Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
268 |
264 |
274 |
283 |
|
SELL BELOW |
262 |
267 |
258 |
248 |
KPRMILL (KPR Mill Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
152 |
148 |
156.5 |
164 |
|
SELL BELOW |
147 |
150 |
143 |
134 |
Today’s Intraday Calls
Markets may move cautiously ahead of RBI policy meet
The market last week closed in the negative on profit taking in front line stocks and the over two month rally was snapped. The stocks belonging to the financial and power /energy sector remained laggards and closed weak. The Sensex, which surged over 2,000 points, between the first week of February and April 9, finally closed last week at 17,591 losing around two percent. Meanwhile, market participants expect that the RBI may further tighten monetary policy to contain inflation at its meet tomorrow. The apex bank may also hike key policy rates by at least 25-basis-points and expected to revise requirements on bank lending to the real estate sector. Further, investors will be keenly watching the progress of monsoon this year and await the forecast by the Meteorological Department which is usually made in the second half of April after considering weather observations globally. Major corporate Q4 results this week will also be crucial to set the trend of the market. Meantime, FIIs remained buyers of equity and have invested more than 25K crores this calendar year.
Nifty Intraday
Buy above 5290 for a target of 5320/5340 with a stop loss of 5265.
Sell below 5245 for a target of 5210 with 5265 as stop loss.
Intraday Calls
PUNJLLOYD
Sell Around 168-169
Target: 163-160
SL: 171
ABB
Buy Above 845
Target 853-859
SL 836
L&T
Sell Below 1564
Target 1555-1546
SL 1576
Tata Motors
Buy Above 785
Target 793-800
SL 777
TataSteel
Buy Above 700
Target 712-715
SL 692
Short Term Calls
Educomp Solution:
The top five holdings for Goldman Sachs Invest Mauritius were LIC Housing Finance , Lanco Infra, CESC, United Phosphorus and Educomp Solutions.
Short @ 725 Tgt 713 and 692 Sl 742
Taj GVK Hotel
Stock has broken out of range and overcame the critical resistance of 161-163 and is now heading for higher levels,Keep a Sl of 161.
Buy in range of 167 for a target of 181 and 188
Twitter @stockcallsindia
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