Short Term Delivery
Stock Tips For Today
If we take Fibbo level from 5300 to 4530, the correction that happened now touched 23.6% at 4700 and bouncing back.
The short trade on Saturday turned (a bit) good and closed above 4750, which in sense indicates a bounce till 38.2% level pegging at 4827. So longers can have an initial target as 4827 and if Nifty sustain at that point, we can see a bounce till 4914
If Nifty reverse from 4850 level, then the immediate target will be 4620 and selling pressure at those level will make the slide still deeper to 4530 and 4250.
Nifty may face resistance at 4790 and 4830 and 4852.
On the down side support at 4738 and 4721 are crucial once these are breached a new low is possible.
Intraday Calls
DLF(CMP.314)
BUY ABOVE 316 SL.311 TRGT.318,321,326
SELL BELOW 311 SL.315 TRGT.308,305,300
HDFC BANK (CMP.1572)
BUY ABOVE 1585 SL.1572 TRGT.1596,1601,1612
SELL BELOW 1568 SL.1582 TRGT.1560,1545,1540
HDIL (CMP.309)
BUY ABOVE 320 SL.317 TRGT.335,341,350
SELL BELOW 307 SL.320 TRGT.295,280,275
Buy CENTURYTEX
Around 475-477
Target 484-486
Stoploss 472
Stock Calls For Today & For Coming Days
It looks like bulls and bears are both on holidays. Looking to chart petterns if nifty breaks 5240 the if may touch upto 5190.
If nifty close below 5202 then exit from all long positions.
Indian Markets Technicals
Expect Nifty & Sensex to touch 5159 & 17295 below 5269 & 17649. If the markets moves above 5269 & 17295 levels, then it will try to touch 5311 & 17817 levels.
US Markets Technicals
We expect DowJones & Nasdaq to touch 10729 & 2341 above 10517 & 2291. If the markets moves below 10517 & 2291 levels, then it will try to touch 10306 & 2241 levels.
Economy
We expect the price of Maize to increase by 73-74% in next 3 years. We also expect the price of Barley to increase by 68-69% in next 3 years.
Derivatives Calls
Futures (Weekly)
Nifty Jan.’10 target achieved at 5302.00. Buy call initiated @ 4966.00. BankNifty Jan.’10 target achieved at 9223.00. Buy call initiated @ 8612.00.
Buy Nifty Jan.’10 above 5269.00 levels with a target of 5311.00 & with a stoploss below 5245.00.
Buy BankNifty Jan.’10 at current levels with a target of 9268.00 & with a stoploss below 9138.00.
INTRADAY NIFTY SUPPORT 5239 AND RESISTANCE 5303
NIFTY FUTURE(5266)
Buy above 5281
Sell below 5239
Intraday Calls
TGT 490, 523
SL 460
TGT 185
SL 172
TGT 27
SL 24
TGT 45
SL 40
TGT 750
SL 805
CMP 492
TGT 470
SL 505
Very Long Term Delivery Calls (1-2 Years)
We strongly recommend a buy on Infotech Enterprises Ltd. at current levels with a long-term target of 1060.00.
We strongly recommend a buy on Infra. Devp. Finance Corp. Ltd. at current levels with a long-term target of 543.00.
Long Term Delivery Calls (4-6 Months)
We strongly recommend a buy on Larsen & Toubro Ltd. at current levels with a long-term target of 2120.00.
We strongly recommend a buy on Mukand Engineers at current levels with a long-term target of 60.00.
Medium Term Delivery Calls (3-4 Months)
We strongly recommend a buy on Pantaloon Retail India Ltd. at current levels with a medium-term target of 606.00 & with a stoploss below 260.00.
We strongly recommend a buy on Parsvnath Developers India Ltd. at current levels with a medium-term target of 226.00 & with a stoploss below 90.00.
Short Term Delivery Calls (1-2 Months)
Buy Patel Engineering Ltd. at current levels with a short-term target of 518.00 & with a stoploss below 456.00.
Buy Patni Computer Sys. Ltd. at current levels with a short-term target of 538.00 & with a stoploss below 470.00.
Very Short Term Delivery Calls (5-10 Days)
Buy ACC Ltd. at current levels with a very short-term target of 974.00 & with a stoploss below 893.00.
Buy Adani Enterprises Ltd. at current levels with a very short-term target of 574.00 & with a stoploss below 472.00.
Buy Aditya Birla Nuvo Ltd. at current levels with a very short-term target of 1036.00 & with a stoploss below 921.00.
Buy Ambuja Cements Ltd. at current levels with a very short-term target of 113.00 & with a stoploss below 103.00.
Stock Updates 8-December-2009
Market today breached critical support like 5070 the level which almost all of the analyst recommended strong support in the near term. Our research team has rightly advised that these technicals will not matter for next couple of days. Any sustainable breach below todays close level will provide a severe heartbreaks for bulls who are on the back foot in today’s trading session Because of the crack in the asian markets and Europe also followed in the lines . The current range may provide fresh trading opportunity. After trading close to the break even for first half of the day, market took a turn for the worse. Banking and auto heavyweights were seen to be exerting the maximum selling pressure.
Already sounded alert in the morning as we were doing time and again with complete accuracy. Our calls Essaroil, sparc performed well in a adverse market while our intraday call Hindoil exploration zoomed from 278 to 293.
Well our strategy for tomorrow will be the same. focus on midcap and small caps forgetting about the nifty which should be left alone to cross the hurdle of 5180 convincingly with volume. today’s western market performance will be crucial for Indian markets tomorrow.
Nifty (Spot) : Support 4955 – 5003 – 5035 – 5053 Resistance 5114 – 5130 – 5162 – 5194
Intraday Calls :
STER : Buy above 877 sl 869 Targets 889,895 Or if trades near 853 Short STER SL 861 Targets 841,833
RELIANCE: Buy above 1085 sl 1077 Targets 1097,1110 Or if trades near 1058 Short RELIANCE SL 1066 Targets 1046,1035
JSWSTEEL : Buy above 1008 sl 1000 Targets 1020,1028 Or if trades near 959 Short JSWSTEEL SL 967 Targets 947,939
Stock Tips For 20th October 2009
Buy IRB above 263 SL 259.45 Target 267-269
BUY VIDEOCON IND CMP 254 STOP 252 TARGET 264.
Futures (Weekly)
Hold Long Nifty October ’09 with a target of 5305.00 & with a stoploss below 5051.00.
Buy BankNifty Oct.’09 at current levels with a target of 10153.00 & with a stoploss below 9150.00.
Options
Sell Nifty Oct.’09 5000.00 PE at current levels with a target of 23.00 & with a stoploss above 52.00.
Buy Sesa Goa 360.00 CA at current levels with a target of 16.00 & with a stoploss below 6.00.
Very Long Term Delivery Calls (1-2 Years)
We strongly recommend a buy on Clarian Chemicals India Ltd. at current levels with a long-term target of 775.00.
We strongly recommend a buy on CMC Ltd. at current levels with a long-term target of 3625.00.
Long Term Delivery Calls (4-6 Months)
We strongly recommend a buy on Chowgule Steamships Ltd. at current levels with a long-term target of 120.00.
We strongly recommend a buy on Prism Cement at current levels with a long-term target of 77.00.
Medium Term Delivery Calls (3-4 Months)
We strongly recommend a buy on Gujarat Alkalies & Chem. Ltd. at current levels with a medium-term target of 186.00 & with a stoploss below 94.00.
We strongly recommend a buy on Gujarat Fluorochemicals Ltd. at current levels with a medium-term target of 249.00 & with a stoploss below 111.00.
Short Term Delivery Calls (1-2 Months)
Buy Gujarat Gas Co. at current levels with a short-term target of 229.00 & with a stoploss below 196.00.
Buy Gujarat Inds. Power Co. Ltd. at current levels with a short-term target of 150.00 & with a stoploss below 105.00.
Stock Calls For 23-09-2009
The Important Resistances & Supports for intra-day Nifty Fut.
Nifty Fut Res- 5110, 5089, 5077, 5056, 5035, 5022.
Nifty Fut Sup-5001, 4981, 4968, 4947, 4934, 4913.
Stock TIPS
DLF Buy above 432.6 tgt 433.7, 436, 438.4, 439.85 sl 427.7.
DLF Sell Below 427.7 tgt 426.1, 423.7, 422.2, 419.85 sl 432.6.
RELIANCE Buy Above 2118.8 tgt 2124.5, 2127.9, 2133.6, 2139.2, 2142.7 sl 2100.4.
RELIANCE Sell Below 2100.4 tgt 2094.9, 2089.25, 2080.1, 2070.9, 2065.3 sl 2118.8.
ICICIBANK : Buy above 854 Targets 866,871Â sl 848
ICICIBANKÂ Sell below 841 Targets 828,823 SL 847
RCOM buy above 308.8 tgt 310.6, 312.8, 314.1, 316.25 sl 304.55.
RCOM sell below 304.55 tgt 302.7, 301.4, 299.2, 297.9Â sl 308.8.
SESAGOA Buy above 282.3 tgt 283.65, 285.95, 288.3, 289.7 sl 278.
SESAGOA Sell below 278 tgt 276.15, 273.85, 272.4, 270.1 sl 282.3.
