US Markets
Markets in murderous mood
The following activities might give some support for Indian Markets. Otherwise the global cues are suggesting (at the time of this post)
1. The monsoon forecast is optimistic and expected to ease the inflationary pressure.
2. The Finance Bill comes up in the Parliament on 28th April 2010. Watch this with care.
Greece has been down graded by Standard & Poor’s into junk territory on concerns about its ability to implement the reforms needed to address its high debt burden. The agency cut the rating a full three notches to BB-plus, the first level of speculative, or junk, status.Portugal too follows suit in downgrades and this has set the panic mode in the European markets.
Dow is cut out bad too and was down a full 213 points.
Now asian markets are also opened in red and are almost 3% down.
Some news bits as follows
- FY11 GDP growth to surge to 8.3% driven by industrial growth.
- Kingfisher commences two new flights between UAE, India
- SAIL raises Rs 6.6 billion via bonds at 8.72%
- Mandhana Industries IPO gets Rs 15 cr from anchor investors
NIFTY support at 5200-5220 – 5180
NIFTY resistance at 5260 and 5300.
Intraday Calls
BATAINDIA ( Bata India Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
285 |
276 |
294 |
304 |
|
SELL BELOW |
274 |
279 |
267 |
250 |
ABGSHIP ( ABG Shipyard Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1
|
Target-2 |
|
BUY ABOVE |
268 |
264 |
274 |
283 |
|
SELL BELOW |
262 |
267 |
258 |
248 |
KPRMILL (KPR Mill Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
152 |
148 |
156.5 |
164 |
|
SELL BELOW |
147 |
150 |
143 |
134 |
Today’s Intraday Stock Calls And Market Report
• US And European markets closed in +ve territory
• Asian market opened mixed today morning.
• SGX nifty up 6 points at time of posting.
• Dollar index is at 79.81
• Gold at $1124 and crude below $ 82.74
• London future down 4 points.
• Dow future down 5 points at 8 am
Larsen & Toubro has won an order worth Rs. 10.13 bn from state-run explorer Oil and Natural Gas Corp.
GAIL India said it plans to transit 21% more natural gas through its pipelines at 114.8 million cubic meters per day in 2010-11 fiscal.
Housing Development Finance Corporation raised Rs. 5.00 bn through a zero-coupon bond issue, two sources familiar with the transaction said.
The market sentiment remained +ve on reports that the US Fed held benchmark rates near zero and maintained its pledge to keep them low for an extended period. Stocks belonging to metal, capital goods banks etc. were seen bullish while heavyweight Reliance drifted from higher levels and pared earlier gains.
Here’s the FII’s Data:
Intraday Calls:
NIFTY
SUPPORTS : 5160-5115
RESISTANCE: 5250-5270-5289
NMDC ( NMDC Limited )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
362 |
351 |
378 |
394 |
|
SELL BELOW |
350 |
355 |
338 |
313 |
TATAELXSI ( Tata Elxsi (I) Ltd )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
309 |
302 |
316 |
320 |
|
SELL BELOW |
299 |
303 |
293 |
281 |
JAICORPLTD ( Jai Corp Limited )
|
Action |
Trigger Price |
Stop Loss |
Target-1 |
Target-2 |
|
BUY ABOVE |
276 |
270 |
279 |
284 |
|
SELL BELOW |
269 |
271 |
269 |
265 |
Very Short Term Call
SHASUNCHEM
Buy At CMP
Target: 50-54-60
Stoploss: 42
View: Short Term
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.
Twitter @stockcallsindia
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