weekly stock tips
Free Intraday Calls And Delivery Jackpot Calls
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NIFTY TECHNICALS
NIFTY closed the week gaining more than a percent amid high volatility and intra week swing of more than 150 points. The counter appears in consolidation mode and may move this week in the range 5407-5559, break above Nifty may move further to 5579/5598 or else break below Nifty may slip to 5378/5349. For today’s trading the Nifty to gain strength needs to trade and remain above 5503.75 whereby it may move up to 5519/5532. Strong support for the Nifty exists at 5464.25 which if breached decisively with volumes then Nifty may slip to 5449/5437.
INTRADAY CALLS
INDUSINDBK
BUY @ CMP 233
TARGET 239-241
SL 228
JACKPOT CALL (For Delivery)
FMGOETZE BUY @ CMP 157
AND ADD MORE @ 153
SL 144.50
TARGET 170-180.
EDUCOMP
The stock after consolidation during the past fortnight closed last week flat but with positive bias. The stock remains positive on charts and may move up to 566/573 once it trades and remains above 558.85.
Strong support for the stock exists at 552.25.
ABG SHIPYARD
The stock after remaining range bound during the past week closed flat but with positive bias. The stock appears positive on charts and may move up to 238/242 once it trades and remains above 234.75.
Strong support for the stock exists at 231.25.
Derivatives Calls (Futures (Weekly) )
Hold Nifty September’10
Buy call @ 5409.00.
target of 5556.00
stoploss below 5471.00
Hold BankNifty September’10
Buy call @ 10749.00
target of 11125.00
stoploss below 10959.00
Very Short Term Delivery Calls (5-10 Days)
Buy Punj Lloyd Ltd
At current levels
very short-term target 115.00
stoploss below 108.00
Buy Punjab National Bank
At current levels
very short-term target 1257.00
stoploss below 1197
Buy Ranbaxy Labs. Ltd
At current levels
very short-term target 537.00
stoploss below 496.00.
Buy Reliance Capital Ltd
At Current levels
very short-term target 813.00
stoploss below 768.00
Short Term Delivery Calls (1-2 Months)
Sell Fresenius Kabi Oncology Ltd.
At current levels
short-term target 128.00
stoploss above 152.00.
Sell Gammon Infra. Projects Ltd
At current levels
short-term target 21.00
Stoploss above 25.00
Medium Term Delivery Calls (3-4 Months)
Sell on Financial Tech. India Ltd
At current levels
medium-term target 861.00
stoploss above 1455.00.
Buy on Fortis Healthcare Ltd
At current levels
medium-term target 226.00
stoploss below 155.00
Long Term Delivery Calls (4-6 Months)
Buy on SNL Bearings Ltd
At current levels
long-term target 118.00
Buy on Swiss Glasscoat Equipments Ltd
At current levels
long-term target of 68.00
Very Long Term Delivery Calls (1-2 Years)
Buy Voltas Ltd
At current levels
long-term target 517.00
Buy on VST Inds. Ltd.
At current levels
long-term target 1286.00
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Daily Intraday Calls And Delivery Calls For Today
For more stock buzz/discussion and intraday calls visit our forum at www.dstreetdirect.com
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
——————————
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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Todays Intraday Tips And Nifty Outlook
TECHNICAL VIEW
CLOSE@5088
PREVIOUS HIGH@5093 LOW@5015
WEEKLY HIGH@5093 LOW@4783
20DMA@4858
50DMA@5014
200DMA@4749
SUPPORTS FOR 04/03/2010 5022/4933
RESISTANCE FOR 04/03/2010 5111/5166
Nifty(Spot)
If Nifty(spot) trade above 5100 then there can be some more uptrend upto 5130 – 5165,
If Nifty(spot) trade below 5050 then some profit booking can be seen in the market upto 5000
Intraday Calls :
RELIANCE
Buy near 1020
SL 1013 Targets 1030,1035
Or if trades below 995
Short RELIANCE
SL 1002
Targets 985,980
MCDOWELL-N
Buy near 1437
SL 1430
Targets 1447,1453
Or if trades below 1397
Short MCDOWELL-N
SL 1404
Targets 1387,1380
JSWSTEEL
Buy near 1142
SL 1135
Targets 1152,1160
Or if trades below 1110
Short JSWSTEEL
SL 1117
Targets 1100,1094
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.
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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
——————————————————-
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
——————————–——————————————————–
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.
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