Free Intraday Stock Tips

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

1. FY11 GDP growth to surge to 8.3% driven by industrial growth.
2. Kingfisher commences two new flights between UAE, India
3. SAIL raises Rs 6.6 billion via bonds at 8.72%
4. 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 )

ABGSHIP ( ABG Shipyard Ltd )

KPRMILL (KPR Mill Ltd )

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Intraday Stock Calls & Market Update

Market opened flat yesterday but rebounded but failed to sustain and slipped again lower in subsequent session. But all’s well that ends well, it rallied smartly in the closing hours after reports that S&P’ss has affirmed its ratings on India and revised its outlook to stable from negative, saying the country’s fiscal position could begin to recover and the economy would remain on a strong growth path.

News Bits

• India’s food price inflation eased in early March but fuel inflation continued to rise, adding upward pressure on headline inflation and maintaining the case for the Reserve Bank to raise rates at its April policy review. Data released showed the food price index rose 16.30% in the year to March 6, lower than an annual rise of 17.81% in the previous week, continuing a downward trend for the second straight week. (BS)

• Sun Pharma received approval from the US health regulator for generic version of anti-allergic product Prometh syrup. (BS)
• Idea Cellular has alloted 19.91 crore shares to the shareholders of Spice Communications that has been merged with the Company. (BS)
• Fedders Lloyd Corporation said the company in a consortium with Spain’s Cobra Instalaciones bagged a power distribution project worth Rs. 2.57 bn from Madhya Pradesh Kshetra Vidyut Vitaran. (BS)
• The cost of living in the US was unchanged in February, underscoring the Federal Reserve’s forecast that inflation will remain low. The consumer-price index didn’t increase for the first time since a decrease in March 2009, and followed a 0.2% gain in January, Labor Department figures showed. Excluding food and energy costs, the so-called core index increased 0.1%. (Bloomberg)

Intraday Tips

ATLANTA
Around 213-215
Target: 224-227
Stoploss 211

Very Short Term Calls

Bharti Airtel:
Buy ABOVE: 303-304
Target: 315-320 IN NO TIME
Stoploss: 294

Reliance Media Works:
Buy ABOVE 236
Target: 250+
Stoploss: 222
View : Short Term

JKTYRE ( JK Tyre And Industries Ltd )

RECLTD ( Rural Electrification Corporation Limited )

HANUNG ( Hanung Toys And Tex Ltd )

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Today’s Intraday Calls

Some Latest News Bits
• NMDC is planning to invest around Rs 24 bn to lay a pipeline between its Chhattisgarh plant and Visakhapatnam in Andhra Pradesh. The proposed pipeline will transport iron ore from Bailadila mine in Chhattisgarh to Vishakhapatnam. (BS)
• Fortis Healthcare will buy 23.9% of Singapore healthcare provider Parkway Holdings for USD 685 mn, giving it access to the Southeast Asian markets. Fortis has agreed to buy the stake from buyout firm TPG Capital. (ET)
• Bharti Airtel announced the launch of its digital media business, its foray into entertainment, to deliver content to a range of users, including producers and media firms. The Company will not produce any content, but market and cater to a variety of users such as animators, gaming firms, news channels, cinemas and banking institutions. (ET)

• India’s Food Price Index rose 17.81% in the 12 months to February 27, while the Fuel Price Index was up 11.38%, the Government said. The rise in the Food Price Index was marginally lower than an annual rise of 17.87% in the previous week. India’s Primary Articles Price Index was up 15.08% year-on-year as on February 27. (BS)

Nifty View:
SUPPORT FOR TODAY 5022/4933
RESISTANCE FOR TODAY 5166/5222

20DMA@4950
50DMA@5021
200DMA@4786

Intraday Calls/Resistance/Supports

STER ( Sterlite Industries ( India ) Limited )

COREPROTEC ( Core Projects And Technologies Limited )

JYOTISTRUC ( Jyoti Structures Ltd )

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Today’s Intraday calls and Market Outlook

US markets ended mixed, after American International Group Inc. announced the USD 15.5 bn sale of a unit and Sprint Nextel Corp. said it expects revenue growth in the next several quarters, overshadowing a drop in drugmakers. The Dow Jones and S&P 500 fell a marginal 0.13% and 0.02%, respectively, while NASDAQ climbed 0.12%. AIG climbed 3.6% after agreeing to sell its American Life Insurance Co. unit to MetLife Inc. McDonald’s Corp. gained 2.3% after global sales topped estimates. The Standard & Poor’s 500 Index fell for the first time in seven days, led by health-care stocks, after President Barack Obama embarked on a final push to overhaul the medical industry.

SBI had increased the authorized capital, the Government was amending the SBI Act and planning to sell a 4% stake in it. And by George, SBI just flew of the handle and took Nifty along with it to hit the day’s high at 5145.

So, in short:
NIFTY RANGE of today: 5070-5175.
• US & European markets closed flat.
• Asian market opened flat.
• SGX nifty up 18 points.
• Dollar index is above 80.
• Gold at $1123 and crude at $ 81.56.
• London future up 1 points at 8 am.
• Dow future down 14 points at 8 am

Intraday Calls:

BUY NIFTY ABOVE 5108 TGT 5127-5135-5165182 SL 5093
SELL NIFTY BELOW 5127 TGT 5108-5098-5073-5053 SL 5141

Every dip is a buying opportunity as long as it holds 5040 levcl.
Watch out for 5115,5090 and 5060 levels.

NATIONALUM
Sell Below 397.50
Target: 391-388
SL: 402

Sell Sesagoa Fut
Around 432.50
Target: 428
SL 436
Shortterm Calls
ROLTA
TARGETS 191-195-201.60
STOPLOSS OF 179.80

Likely Outperformer:
Look to buy CALS Refinery @ around .55 to .60
Can be an outperforming stock

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Stock Calls For Today

US markets advanced for 5th continuous session , following analyst upgrades, a jump in retail sales and reports showing improvement in jobless claims and productivity. The Dow Jones, S&P 500 and NASDAQ climbed 0.46%, 0.37% and 0.44%, respectively. Walt Disney Co. climbed 2.9% after Bank of America Corp. recommended the shares, while Coca-Cola Co. and Boeing Co. rose at least 1% as UBS AG lifted its ratings on the stocks. A drop in oil dragged energy shares lower, limiting the market’s advance.

Corporate Sector News

• Hindustan Construction Company has bagged two orders worth Rs. 2.99 bn from Hindalco Industries for various infrastructure related works at Aditya Aluminium Smelter Project in Orissa. (BS)
• Ashok Leyland said it will invest Rs. 30.00 bn in the next three years on various projects, including its light commercial vehicle joint venture with Japanese auto maker Nissan. (BS)
• Suzlon Energy said it has bagged a contract from Gujarat State Petronet Ltd for setting up 52.5 MW wind energy project in Gujarat. (BS)

Nifty Outlook

If Nifty trade above 5100 then some more uptrend in the market upto 5140 – 5180
If Nifty trade below 5045 then some profit booking in the market upto 5020 – 4980

Intraday Calls:

ACC
Buy above 963
SL 956
Targets 973,980
Or if trades below 947
Short ACC
SL 954
Targets 937,931

RELIANCE
Buy above 1034
SL 1027
Targets 1044,1050
Or if trades below 1013
Short RELIANCE
SL 1020
Targets 1003,997

AXISBANK
Buy above 1144
SL 1137
Targets 1154,1160
Or if trades below 1120
Short AXISBANK
SL 1127
Targets 1110,1104

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