Stock Updates. Stock tips
Daily Intraday Calls And Delivery Calls For Today
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Nifty witnessed the correction from the upper levels and made the closing below the level of 5400. now the next support for nifty seems to be at the levels of 5350 to 5355. decisive closing below this support may slip it till the lower levels of 5225 to 5230 in near run and there might be the short term trend reversal in the market. in the upside 5350 is the key resistance point, closing above this resistance may further head the nifty for the level of 5700
OUT PERFORMERS FOR Today
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REALITY, BANKS, FINANCE, AND TELECOM
INTRADAY CALLS
__________________
BUY COMPUCO
PANCHOR FOR 5% -15% GAIN
BUY NIFTY FUT
ABOVE 5395
TARGET 5440-5460
SL 5363
SELL NIFTY FUT
BELOW 5436
TARGET 5395-5375
SL 5468
BUY BHARTIARTL FUT
ABOVE 316.50
TARGET 320-321.75
SL 313.25
SELL BHARTIARTL FUT
BELOW 319.75
TARGET 316-314
SL 322.40
BUY CAIRN FUT 337
TARGET 339.50-341
SL 334.25
SELL CAIRN FUT
BELOW 339.25
TARGET 336.25-335
SL 341.60
BUY CIPLA
ABOVE 303.75
TARGET 305.85-307-309.35
SL 302.25
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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
Weekly Stock Update
Nifty commenced the last week on a flat note but moved higher to test 4,900 levels during the week. It ended its winning streak after facing stiff resistance at 4,900 level and ended the week below this mark after failing to breach this level decisively. From here, Nifty is expected to move within a range as suggested by its technical indicators as they are giving no clear indications. Also, a high volatility is expected to be the order of the week ahead of the budget and F&O expiry. Strong movements can be expected on the last trading session of the week when the budget will be announced. It can move downwards until 4,750 levels where it has got a strong support and if this level is breached, it can move further downwards until its next major support at 4,650, around which it will also get the support from 200 days exponential moving average. Upside, it has a resistance at 4,950 levels and Nifty can move higher only after breaching this level.
Click TO Enlarge
Stocks To Watch
AXIS BANK(Sell)
CMP 1100
Target Price 1032
Stop Loss 1134
Support/Resistance 1030/1100
Comment
- The stock has been rising steeply over the last few sessions and it is now expected to correct.
- Its momentum indicators are also supporting its downward move. Its RSI is close to the overbought zone at 63 levels and the stochastic has also entered the overbought zone at 82 levels, suggesting a downturn.
RURAL ELECTRIFICATION CORP.(F) (Buy)
CMP 213.2
Target Price 228
Stop Loss 205.8
SupportResistance 213/230
Comment
- The stock has been falling continuously from the last many sessions and it is likely to rebound from here.
- Its momentum indicators are supporting its upward move. Its RSI is close to the oversold zone at 31 levels, MACD is showing maximum divergence and it is about to give a buy signal by crossing above its signal line and the stochastic has also given a buy signal.
Domestic market began the week on a subdued note on worries the central bank may take more monetary action to check inflation after the latest data showed that the headline inflation jumped in January 2010. Monthly inflation rose to 8.56% in January compared to 7.31% last month. Indian benchmark indices recouped all the losses on the next day thanks to higher Asian and European markets. Domestic bourses climbed higher as
the week moved ahead with Nifty touching 4,900 level following strong global cues and speculation that global economy is on the path of recovery. Finance minister’s comments that the Indian economy may grow at more
than 8% in the fiscal year 2010-11, after growing at around 7.5% in the current fiscal year ending March 2010 also bolstered sentiments. However, the benchmark key indices snapped last two days’ winning streak as lower Asian stocks weighed on investor sentiment. Ascending food inflation also dampened the market moods back home. Indices dipped in red on the last day of the week as the US Federal Reserve’s decision to raise its discount rate hurt investor sentiment. Sensex closed the week at 16,191.63 up by 39.04 points (0.24%) while Nifty closed at 4,844.90 up
by 18.05 points (0.37%).
Nifty Weekly Top Gainers
Company % Return
Hindalco 8.43
Ranbaxy 6.55
HDFC Bank 6.00
Nifty Weelky Top Loser
Company % Return
Bharti Airtel -11.35
Unitech -6.15
Reliance Infra -5.67
Global Markets
US stock markets gained with higher margins during the week (till Thursday) as upbeat economic data and several strong earnings announcements bolstered the market sentiments. The markets also reacted to news from Merck, Hewlett Packard, Deere & Co and Wal-Mart, which reported better than expected earning. Investors bought into stocks after the positive economic data including producer price index, retail sales, industrial production, activity in the manufacturing sector and housing data. In other news, General Growth Properties Inc., the second-largest U.S. mall owner which filed for bankruptcy last year soared after Simon Property Group Inc., the biggest U.S. shopping-mall owner, offered to buy the troubled company.
Asian markets ended on subdued note during the week. Japan’s Nikkei 225 edged up but gains were limited by concerns over risk factors such as the impact of China’s efforts to curb bank lending and Greece’s fiscal woes. Hang Seng plummeted as lingering worries over China’s policy tightening prompted investors to take profits from the market’s recent rebound. China’s SSE composite closed during the week due to Lunar New Year holiday.
European markets surged significantly during the week. Markets started the week on a buoyant note posting gains on the back of financial and commodity shares. Positive US manufacturing data with higher crude and metal prices lifted the markets higher.
Further, better than expected earnings from Barclays, BNP Paribas, ING, ABB and Capgemini took the markets to 2 week closing high.
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Weekly Stock Tips/Intraday Stock Tips
Nifty futures opened today with a gap up of approx. 30 points @ 4785. It quickly managed to scale above 4800 mark in the early session and made an intraday high of 4849. Nifty spend the whole day above the 4800 level and closed the day at 4832
WEEKLY NIFTY SUPPORT AND RESISTANCE LEVEL FOR 15 FEB TO 19 FEB 2010
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RESISTANCE —–4885………4940………..4995
SUPPORT…………..4772…….4716………….4660
SUPPORT AND RESISTANCE LEVEL FOR 15 FEBRUARU 2010
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RESISTANCE………..4850……….4870———-4890
SUPPORT…………..4808…………4787……………4766
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WE ARE VERY MUCH BULLISH AND HOPE MY TARGET WILL HIT IN FEBRUARY.ITS A VOLATILE MARKET………BUY ON DIPS SHOULD BE PROFITABLE
Buy TATASTEEL 531.50
SL 527
TGT 536-539….
ADD MORE BUY ABOVE 533
CMP 532 CASH/FUTURE.
Our view on Nifty future is positive for now. Only a break below 4720 support area , will reinstate the downside momentum again and take Nifty below 200 day moving average towards 4530 area . Any dips in Nifty should be used as a buying opportunities for the near term targets of 4950 and thereafter 5050 level.
Stock Calls For Today
Nifty despite all its efforts has not been able to settle over the FIB retracement of 4818 in the last three trading sessions. While such a low FIB would have normally been masticated in between the teeth by the bulls, they had to grind and garnish their teeth and still end up grunting with nifty sliding down perilously close to the last bull support of 4720.
NIFTY OUTLOOK:
BUY ABOVE 4730 TGT 4770-4795. IF STAYS ABV 4820 FOR 4-5 MINS EXTENDED TGTS ARE 4850-4880 SL 4702
SELL BELOW 4770 TGT 4730-4708 IF STAYS BELOW 4690 FOR 4-5 MINS EXTENDED TGT IS 4660-4620 SL 4800
TECHM : Buy above 957 sl 950 Targets 968,975 Or if trades near 934 Short TECHM SL 941 Targets 923,915
ABB: Buy above 802 sl 796 Targets 812,820 Or if trades below 788 Short ABB SL 794 Targets 778,770
JSWSTEEL: Buy above 998 sl 990 Targets 1009,1015 Or if trades near 963 Short JSWSTEEL SL 971 Targets 952,945
FUTURES CALL:
BUY JSWSTEEL FUT ABOVE 943 TGT 975-990 SL 923
SELL JSWSTEEL FUT BELOW 974 TGT 943-927 SL 995
Intraday And Short Term Calls
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BANK NIFTY (LAST CLOSE 8277)
BUY WITH SL OF 8145
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HCL TECH (LAST CLOSE 347)
BUY WITH SL OF 339
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ICSA (LAST CLOSE 140.90)
BUY WITH SL OF 137
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RELIANCE (LAST CLOSE 984)
BUY WITH SL OF 968
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HINDUSTAN UNILIVER (LAST CLOSE 229)
HOLD BUY WITH SL OF 224
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HDFC BANK (LAST CLOSE 1590)
LONG @ 1620 ON 4-2-10 HOLD WITH SL OF 1575
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SAIL (LAST CLOSE 203)
LONG @ 218 ON 4-2-10 HOLD WITH SL OF 198
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BIOCON (LAST CLOSE 259)
LONG @ 271 ON 2-2-10 HOLD WITH SL OF 253
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CESC (LAST CLOSE 393)
LONG @ 405 ON 2-2-10 HOLD WITH SL OF 384
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KFA (LAST CLOSE 50.60)
LONG @ 56 ON 2-2-10 HOLD WITH SL OF 49
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GRASIM (LAST CLOSE 2696)
LONG @ 2640 ON 2-2-10 HOLD WITH SL OF 2625
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HINDUSTAN CONST CO (LAST CLOSE 134)
LONG @ 135 ON 2-2-10 HOLD WITH SL OF 131
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INDIA CEM (LAST CLOSE 120)
LONG @ 113 ON 2-2-10 HOLD WITH SL OF 117
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MOSER BEAR (LAST CLOSE 75.)
LONG @ 81 ON 2-2-10 HOLD WITH SL OF 73
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MERCATOR LINES (LAST CLOSE 56.80)
LONG @ 60 ON 2-2-10 HOLD WITH SL OF 54
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PUNJ LYOD (LAST CLOSE 171)
LONG @ 187 ON 1-2-10 HOLD WITH SL OF 167
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ICICI BANK (LAST CLOSE 798)
LONG @ 820 ON 1-2-10 HOLD WITH SL OF 784
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DIVIS LAB (LAST CLOSE 577)
LONG @ 612 ON 1-2-10 HOLD WITH SL OF 570
Note: Plz check the date of calls/posts carefully.
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Imp Pivot Levels
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