Archive for May, 2010
Stock Market Update For Today
Some News Bits
- Nifty ends expiry above 5K; global cues, heavyweights aid
- Nagarjuna Fertilisers Q4 net up 83% at Rs 23cr
- Ambanis to reach gas deal in 2 weeks
- Indian Hotels suffers Rs 137-crore loss in FY10
- Reliance Retail continues to get capital from parent
Some Foreign Bits
- China expresses that it will remain as a long term investor in Europe, leading to a rally in all securities.
- Equities, sovereign bonds and commodities gain.
- The Euro currency too stages a bounce from the four year lows.
- More European countries plan or authorise more budget cuts.
- Optimism prevails in all the markets, at least for the day.
The updated spreadsheet showing the Momentum Signal as on the close of 27th May 2010, is given below.
Nifty Levels
Resistance: If Nifty trade above 5025 then it can show resistance upto 5050 – 5075 – 5095
Support: If Nifty trade below 5000 then we can see support at 4970 – 4955 – 4835 levels
Intraday Calls :
CENTURYTEX
Buy Above 438
Target: 445-452
Stoploss: 433
STER :
Buy above 647
sl 641
Targets 655,661
Or if trades below 627
Short STER
SL 633
Targets 619,613
M&M
Buy above 536
sl 530
Targets 545,551
Or if trades below 518
Short M&M
SL 524
Targets 509,503
BPCL
Buy above 571
sl 565
Targets 579,585
Or if trades below 556
Short BPCL
SL 562
Targets 508,502
Stock Tips For Today
EXPECTED NIFTY RANGE FOR TODAY.
4755-4933
RESISTANCE – 4844-4888-4933
SUPPORTS – 4800-4777-4755
As expected 5200 is likely to show resistance to the markets.
Markets never gave closing above this level After 3rd May.
Nifty Technical View
Buy above 4822 with Stop Loss of 4788
Sell below 4788 with Stop Loss of 4822
BANKRAJAS ( The Bank Of Rajasthan Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
160 |
158 |
163 |
167.5 |
|
S.SELL BELOW |
157 |
159 |
154 |
149 |
IGL ( Indraprastha Gas Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
228 |
226 |
234 |
243 |
|
S.SELL BELOW |
224 |
227 |
220 |
211 |
PIRHEALTH ( Piramal Healthcare Limited )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
502 |
495 |
507 |
516 |
|
S.SELL BELOW |
493 |
497 |
490 |
477 |
Stock Market Update For Today
1. Sensex ends 200 points lower; RCom, Rel Infra slip
2. ICICI Venture plans $500 mn infra fund
3. Ranbaxy posts Q1 net profit, beats forecast
4. Gold rebounds by Rs 295 on global cues
5. IIP data cam be out today.
Even though the Trillion Dollar European bailout plan has somewhat averted the possibility of a free fall of Euro and European assets, some analysts are saying that the trend will continue. Investors are raising doubts about the efficacy of the plan. The plan entails even more borrowing too. The structural changes required by the debt ridden nations will still be very hard on the people. The hardships will last for comparatively very long periods too. The Euro currency has already lost most of it’s gains it made after the announcement of the plan and Gold is still trading strong.
Future & Options Calls
BUY NIFTY 5200CE ABOVE 55.40
TGT 70-78
SL 46.95
BUY NIFTY 5100PE ABOVE 78.85
TGT 90-99.95
SL 70.45
BUY DLF 300CA ABOVE 8.60
TGT 10.50-11.95
SL 7.40
BUY HINDALCO 180CA ABOVE 1.60
TGT 2.50-2.95
SL 1.10
BUY HINDALCO 160PA ABOVE 1.75
TGT 2.25-2.50
SL 1.45
BUY ICICIBANK 920CA ABOVE 21.10
TGT 26-29
SL 18
BUY ICICIBANK 900PA ABOVE 15.65
TGT 22-25
SL 12.35
BUY RELIANCE 1050CA ABOVE 30.85
TGT 37-43
SL 26.30
BUY RELIANCE 1060PA ABOVE 17.50
TGT 22-25
SL 14.90
BUY TATAMOTORS 820CA ABOVE 15.60
TGT 20-23
SL 12.85
BUY TATAMOTORS 800PA ABOVE 24.15
TGT 30-33
SL 20.90
BUY TATASTEEL 580CA ABOVE 17.25
TGT 27-30
SL 12.30
BUY TATASTEEL 560PA ABOVE 11.80
TGT 16-18
SL 9.35
BUY UNITECH 80CA ABOVE 1.70
TGT 2.20-2.40
SL 1.40
BUY UNITECH 75PA ABOVE 1.85
TGT 2.25-2.50
SL 1.60
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