daily market report
Stock Calls And Market Update For Today
Nifty broken the crucial resistance of 5500 today and after it made the strong closing as well. The next resistance in it seems to be at the level of 5535.
Sensex may face the next resistance close to the levels of 18800 to 18850.
Closing above this resistance zone may take up it till the levels of 19170 to 19200 in near run.
Intraday Calls
PRAKASH IND
BUY @ CMP 183
SL 169
TARGET 204-212
DCHL
BUY NEAR 138
SL 134
TARGET 143-145
Indiabulls Securities Ltd
Buy with stop loss 25
Target 33.00
Idea Cellular Ltd
Sell below 71-72
Target 65.00
UTV Software Communications Ltd
Sell 565
Target 495.00
Short term calls
Oil & Natural Gas Corporation Ltd
Buy with stop loss 1230 for a month
Target 1400.00
Stock calls and market update for today
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MARKET today will open flat and will remain POSITIVE in the first half and face technical resistance at 5450, 5480 and support at 5380, 5420. NIFTY will play in the range for some time trying to break-out. Any close above 5480 with volume may see NIFTY testing earlier highs of 5550 levels.
INTRADAY NIFTY SUPPORT 5427 AND RESISTANCE 5480
BUY TULIP
AT CMP 181
SL 179
TARGET 190
LICHSGFIN
Buy above 1185
sl 1178
Targets 1195,1200
Or if trades near 1167
Short LICHSGFIN
SL 1174
Targets 1157,1152
KOTAKBANK
Buy above 824
sl 819
Targets 831,836
Or if it trades below 811
Short KOTAKBANK
SL 816
Targets 804,799
RELINFRA
Buy above 1126
sl 1119
Targets 1136,1142
Or if it trades below 1109
Short RELINFRA
SL 1116
Targets 1099,1093
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Intraday Stock Calls For Today
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Nifty support Levels are : 5350, 5300, 5280, 5250, 5180.
Nifty Risistance Levels are : 5460, 5530, 5650, 5690.
NIFTY FUTURE (Last close 5434.35)
The counter, as expected, opened gap up yesterday on strong global cues and remained firm throughout the session making day’s high at 5442 in closing hours. The counter remains positive on charts and may move further up to 5467/5489 once it remains and trades above 5446.75. Strong support for the NF exists at 5413.25 which if breached decisively then NF may slide to 5398/5377.
Intraday Calls
BUY Karuturi Global Ltd
AT CMP 21
SL 19.50
TARGET 22-27
BUY BOI
CMP 439
SL 435
TARGET 442-445
GITANJALI ( Gitanjali Gems Limited )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 173 | 170 | 175 | 178.5 |
| SELL BELOW | 169 | 171.5 | 167.5 | 164 |
MCDHOLDING ( Mcdowell Holdings Limited )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 190 | 180 | 200 | 212 |
| SELL BELOW | 179 | 182 | 170 | 150 |
GSFC ( Guj State Fert And Chem Ltd )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 315 | 308 | 325 | 340 |
| SELL BELOW | 305 | 310 | 295 | 280 |
Delivery Call
BUY REI Agro Ltd
CMP 23.85
SL 23
TARGET 24-28
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Stock tips for today’s market
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———————–
Nifty witnessed the upside consolidation phase today.
Overall it was high volatile sessions due to f&o expiry.
Technically nifty still holding it’s up trend & maintaining the upward rising channel on long time frame charts.
In the downside it is getting the strong short term support close to the level of 5350.
We recommend that traders may go for buy on dips in Nifty future for the targets of 5450, 5500 in near run.
Some highlights
- Sensex ends below 18K led by RIL, L&T, HUL, NTPC, ICICI Bk
- Engineers India share sale subscribed 1.6 times
- DLF to sell 92 per cent stake in retail arm DLF Brands for Rs 92 crore
- Food inflation down to single digit at 9.67%
- Vodafone Essar IPO plans at initial stage: Essar CEO
BHAGWATIHO ( Bhagwati Banquets And Hotels Limited )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 153 | 148.5 | 159.5 | 167 |
| SELL BELOW | 148 | 150 | 142 | 133 |
HDIL ( Housing Development And Infrastructure Limited )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 265 | 261 | 269 | 275 |
| SELL BELOW | 259 | 263 | 256 | 249 |
IRB ( IRB Infrastructure Developers Limited )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 274 | 269 | 277 | 282 |
| SELL BELOW | 268 | 272 | 265 | 258 |
BUY Melstar Information Technology Ltd.
AT CMP 12.18
Target : 14+
Stoploss : 10
BUY Modern Steels Ltd.
Above 32
Target : 35-40
Stoploss : 28
BUY Tokyo Plast International Ltd.
Above 16
Target : 19-22
Stoploss : 14
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Intraday Stock Calls And Market Updates For Today
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Markets reached new highs on last Friday, but the trading remained sluggish and top heavy. The trading interest was confined to the limited number of stocks, especially to the low quality stocks. Traders and investors should consider profit booking/disposal of the low quality stocks at these times.
However, the bullish trend may continue for some more time before any correction may set in.
Intraday Calls
Crompton Greaves
Buy above 294
Target 300-308
Stoploss 286.
Sesa Goa
Buy above 368
Target 375-382
Stoploss 286
HDFC Bank
Buy on dips
Target 2060-2080
Stoploss 2030.
Wipro
Buy above 417
Target 430-444
Stoploss 405
ALBK ( Allahabad Bank )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 186 | 183.5 | 189 | 193 |
| SELL BELOW | 182.5 | 184.5 | 180 | 175 |
APIL( Alstom Projects India Ltd )
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 710 | 688 | 725 | 748 |
| SELL BELOW | 685 | 692 | 670 | 635 |
BFUTILITIE (BF Utilities Limited)
| Action | Trigger Price | Stop Loss | Target-1 | Target-2 |
| BUY ABOVE | 955 | 938 | 994 | 1040 |
| SELL BELOW | 934 | 945 | 900 | 845 |
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