nifty
Free Intraday Stock Calls And Market Update
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* Nifty is stuck in the range of 6050-6150. Wait for decisive move in next few days.
* Investors are safe as long as Nifty is trading above 5930. Breakout bellow that level might create panic in market. So 5930 is exceptionally important level in next few days.
* Nifty’s short term trend is up. Nifty’s Intermediate trend isdown.
* Today 269 stocks were traded heavily. Out of them 200 stocks are in short term up trend and 69 stocks are in short term down trend.
* Nifty Target : 5920 , 5700.
* Resistance for Nifty : 6115 ,6180 , 6200, 6280, 6310, 6340.
* Support for Nifty : 6030 ,5980, 5860, 5790, 5680.
* Bearish Breakout stocks : Banco Products , Tata Steel , JSW Steel , Idea Cellular , Educomp Solution , Cairn India.
* Global markets trend is up.
BUY NIFTY
Around 6000-6010
Target 6080-6110
Stoploss 5950
HOLD TILL EXPIRY
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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 Calls for 11 August 2009
It was very volatile day for indian market but very good day for my readers and followers . made huge money on selling side below 4480 nifty low 4388 . watch todays low and 4350 as big suport for nifty . if break and trade below that levels then we can test 4252/4150 in coming days .
The market opened gap up yesterday on the back of strong global cues but failed to sustain at higher levels and pared all the earlier gains on major sell off in the final hour of trade in front line stocks on concerns of bleak prospects and slow progress of monsoon.
Gail is forming a Pennant Kind of pattern with the Bootom line at 309-311 If this range get broken and sustained than we are insight of 303 295.
Future Calls – Intraday & Positional
Intraday Calls :
AXISBANK : Buy near 839 sl 829 Targets 845,857 Or if trades below 808 Short AXISBANK SL 817 Targets 794,781
RELCAPITAL : Buy above 861 sl 850 Targets 879,892 Or if trades near 825 Short RELCAPITAL SL 835 Targets 807,795
RCOM : Buy above 260 sl 255 Targets 267,271 Or if trades near 251 Short RCOM SL 256 Targets 242,240
Positional Calls:
BANKBARODA : Short below 418 Stop Loss 449 (Active) (Trade start 28.7.09)
Stop Loss modify: 446 (7.8.09)
ROLTA : Buy above 138 Stop Loss 130 (Active) (Trade start 28.7.09)
Tomorrow exit from ROLTA @ 160 (Trade end 31.7.09)
RCOM : Short below 269 Stop Loss 296 (Active) (Trade start 6.8.09)
Exit from RCOM around 250 – 251
RELCAPITAL: Short below 901.50 Stop Loss 941 (Active) (Trade start 6.8.09)
Stop Loss modify: 939 (7.8.09)
Exit from RELCAPITAL around 815 – 820
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