Intraday calls

Short sell: DLF at 164, target: 157, stoploss: 166

Market View

Good Morning ....!!

Nifty:
Resistance 2850/2880/2928
Support 2807/2770/2756/2725

Nifty witnessed a down side on last day of settlement of January. Nifty faced resistance yesterday at our given area of 2880 (high made 2873).Today watchout for 2770 on downside as strong support. Break below this level, with volumes, may drift Nifty towards 2750/2725 zone.

Dow Jones Closed -2.7% , Nasdaq - 3.24%Asian Mkt trading -1%/-2%.Expect a gap down with -30/-40 pts on Nifty.

If markets show recovery later during the day, buy: Jaiprakash Associates

Intraday BUZZ ...

Buy RELIANCE (cash) WITH sl 1232 tgt 1280 , 1302

Inflation data for this week is as follows: The benchmark figure for this week is 5.64% as compared to 5.60% last week.

Market View

Nifty:
Resistance 2699/2725/2760/2799
Support 2657/2626/2600

Today lookout for 2725 as strong resistance on upside. Break out of this level may take Nifty towards 2760-2799 zone. As January month settlement is just 2 days away, with any positive news, we may see some short covering. But any rise will be limited & Bears will try hard to take full advantage of those rise.
US mkt closed with firm gains, whereas European mkt showed good gains.
Asian mkt opened firm lead by good gains in Nikkei.

Q3 - RESULTS TO BE ANNOUNCES TODAY

Asian Paints, Bharat Electronics,Canara Bank, Container Corp.,Crompton Greaves, Edelweiss,Everest Kanto, Greaves Cotton,Gujarat Flurochemicals, HCL Tech,IDBI Bank, Indiabulls Financial,ING Vysya Bank, Jyothy Labs,Karnataka Bank, KLG Systel,M&M Financial, MRF, Mirc Electronics,PTC India, Punj Lloyd, RCOM, RNRL,Sanghvi Movers, Sriram Transport,Sona Koyo, Syndicate Bank, Tanla,Tech Mahindra, TV Today, Union Bankand Vijaya Bank

Good Morning ..........!!!

Today Nifty spot will be in a range of 2638,2666,2680,2725,2745,2775****

Nifty after trading whole day in a narrow range, took support at lower levels & closed almost flat. Levels intact as yesterday, India's premiere company RIL results were better than expected, Bharti reported a good Q3 results .

US market dipped 2%. Asian market trading down 1%-2%. Expect flat/negative opening with 10 points on nifty. We may bounce from lows if 2660 level is hold. Weak Link: Real Estate & Steel Sector. Strong Link: PSU Banks.

Singapore Nifty Flat, Friday effect(Monday is closed) and most notable thing is SINGAPORE FEB NIFTY remarkable up by 250 points with Volume - all this is confusing........ take care and trade with full care...!!

Intraday calls

Buy NTPC at 180, target: 186. Stoploss: 177
Buy CAIRN @ 152 sl 148 target 155 >> 158

Inflation data for this week is as follows: The benchmark figure for this week is 5.60% as compared to 5.24% last week.

Good Morning:...
Nifty:
Resistance 2725/2760/2799
Support 2690/2660/2620

Nifty crashed in last hour after trading maximum time in narrow range yesterday. Nifty should hold 2690 to stay in a range bound momentum. Today's nifty might see a gap up opening of 25 points, then again followed by volatile session as day progresses. The important level (Nifty spot) would be 2690/2660 on downside & 2760 on upside.

US Market closed in deep green. Asian Market trading mixed. As we have been sayingg from few days, Real Estate sector looks weak & its been cracking daily. Still Avoid.

Intraday levels and calls

Nifty Futures Jan-09 Pivot - 2768
Res - 2799 - 2822 - 2853
Sup - 2745 - 2714 - 2692

Bank Nifty Futures Jan-09 Pivot - 4408
Res - 4472 - 4543 - 4607
Sup - 4337 - 4273 - 4202

Satyamcomp, Buy below 27 (Sl) 24.50 target 28.7 >> 30

Market View - 21Jan,2009

Good Morning...!!!

Nifty:
Resistance 2770/2799/2820
Support 2725/2690/2660


After a choppy session, yesterday we manage to close above the day's Lowson NIFTY spot. Every body expected some exceptional good announcements form the 44th President of US.
The First speach didnot do any miracle to the US markets which managed to close 4% on the downside as a cause of no good anouncements and the concerns of the Royal Bank Of Scotland.

The crash in the Us markets is followed by the downside in the ASIAN indices. Asia is trading in -ve mode and we may also expect a gap down opening of around 45-50 points and therefter stay weak. We may see some buying at the days lower levels 2725/2690 (Spot) if held on closing. basis.

DAY trade levles and calls

SELL DLF @ 198-200 with a sl of 204 for a downside till - 192 >> 184 - both targets acheived .....!!!
BUY GTOFFSHORE ABV 253 TGT 274-301 SL 240

Results to watch out for today

Today Result: Dr Reddys Labs, Hero Honda Motors. Reliance Capital, LIC Housing Finance, Mahindra Lifespace Developers, Nagarjuna Fertilizer, Kirloskar Brothers, Alstom Projects, MRPL, GATI, Fortis Healthcare and RPL !!!!

Market View 20Jan 2009

Good Morning ......!!!
Nifty:
Resistance 2842/2865/2899
Support 2799/2770/2725

Today Nifty may open in a negitive note mostly down by 30pts, as all the Asian indices are showing a weakness and are trading negitive. We may expect the same market trend, as has been experienced in the last two trading sessions. The 2770 and 2865 on NIFTY spot are a good support and resistance levels for the market to trade in a range for the day.

If sentiments get strong as a result fo the Pre market rally of the OBAMA effect we may touch 2899 on nifty.
Stay strong on the said levels and trade accordingly.
TODAY AVOID REALITY SECTOR........!!!

HAPPY TRADING ...........!!!

Intraday trends and signals

RelInfra & Educomp looking good for Intraday swing movements.
Acumulation seen in TATA STEEL, Buy cash & Future around 205- 207 stop-loss below 200 can move to intraday highs till 212 / 217...

Market View For 19/01/09

Intraday Nifty:
Resistance 2856/2880/2913
Support 2799/2770/2725

We may oprn positive on the nifty as the global indices are standing strong.we may witness little volatility in noon session

Nifty closed exactly at resistance zone of 2828. For today watch out for 2856 as resistance. Further moving on upside, Nifty needs to breach 2910 (closing basis), to make fresh upmove and stay strong.

Trading Levels

BUY NIFTY future JAN at 2748 sl 2715 upper trend till 2782 >> 2795
BUY   JPASSOCIAT @66  sl  62  tgt 69.50 >> 72 >> 75

BUY CAIRN @ 152  SL 146.55 tgt 155  > >  161  for a short term

BUY RCOM as a investment for short term @ 182 Stop loss  175 tgt 200 

Market View

Good Morning...!

We may open positive today and stay positive for some time.... Later we may expect a profit booking..

Trading Levels and News

 NIFTY future

 Resistance :  2738  , 2764  , 2799

 Support :  2705,  2689,  2666

BUY DLF @198.50 sl 193 tgt 205 >> 209

BUY RELINFRA @494 stop-loss 469 target 505 / 513 / 527 /539...

Buy in cash small qty...time frame 1 to 3 days..

Inflation data for this week is as follows:                                                                                         

The benchmark figure for this week is 5.24% as compared to 5.91% last week.

Market view

Good morning

we may open a gapdown of around 70 points on nifty

US markets fell sharply as worries about more credit losses in the banking sector and the earnings season weighed on stocks. Financials led declines, Citigroup fell 23%. In other losers, Apple plunged on news that CEO Steve Jobs will take a medical leave of absence through the end of June. In stocks in news, North America's biggest telephone equipment maker Nortel files for bankruptcy protection. A dismal picture was seen on the economic front with retail sales dropping 2.7% in December and import and export prices falling for fifth straight month.

 The Dow fell 248.42 points, or 2.94%, to 8,200.14. The S&P 500 plunged 29.17 points, or 3.35%, to 842.62. The Nasdaq composite index declined 56.82 points, or 3.67%, to 1,489.64

today spot level for nifty can be 2810,2799,2778,2721,2694

watch out for the levels and trade......

HAPPY TRADING.........!!!

Intraday calls

BUY Sesagoa @75 sl 72 tgt 78 >> 81
Buy satyamcomp above 32 sl 29 tgt 36 >> 38

Good Morning .....!!
Happy Pongal to all ....!! (Makar Sankrantri)

Today nifty may open positive and stay strong for some time.
The Asian indices are trading strong and the US indices closed positive .. this may give strength to our indices also....!!

Stay positive on the indian markets today and keep booking profits.. 2799 on nifty is a crutial support. watch out for it.

Intraday Trading Signals and levels

Short sell: Infosys below 1145, target: 1120. Stoploss: 1155.
RELIANCE CAPITAL (SELL) 434-438 (Target1)428 (Target2) 418(Sl) 445

Market Overview Jan13, 2009

Nifty (Spot) :
Resistance:- 2828 - 2856 - 2899
Support:- 2770 - 2720 - 2660 - 2620
Nifty Fut corrected again from highs, after a better than expected IIP numbers our indices crumbled in the last trading session and made a low of 2728, shows that the Institutions are less interested in the government data. Yesterday's crumble shows that the investors are waiting the Q3 numbers and the fall reflected the Weak guidelines pressure can pull the market down wards.

IIP data Release -- shows positive

The IIP ( Index of industrial Production) numbers for the month of November 2008 have been announced. The growth rate was recorded at 2.4% for November 2008 , as against -0.4% announced for October 2008.

Trading Levels and intraday signals 12-1-2009

Nifty Futures Jan-09 - Pivot - 2864
Resistance:- 2925 - 2988 - 3048
Suport :- 2801 - 2741 - 2677

Bank Nifty Futures Jan-09 - Pivot - 4933
Resistance:- 5035 - 5190 - 5292
Support :- 4778 - 4676 - 4521

Reliance Spot - Pivot- 1151
Resistance:- 1211 - 1269 - 1331
Support :- 1125 - 1093 - 1033

Infosys - spot - (Pivot - 1213)
Resistance:- 1256 - 1309 - 1352
Support :- 1160 - 1117 - 1064

Buy Satyam @ 24 sl 19 upside till 29 >> 35
Sell RELINFRA @ 497 stop-loss 527 target 460 / 440 / 419...
***Sell n holdin Futures also for 1 - 7 days..Risk per lot 4100/-..Lot size 138..

Market View - 12Jan 2009

Good Morning....!!

Welcome to all new trading day in the Indaian Capital markets. Today we may not expect another Monday morning Blues. The steps of GOI's of appointing premium personalities to the satyam's board has been aplauded by experts. The appointment of Deepak Parekh (HDFC Ltd) , Kiran Karnik (Ex-Chairman NASCOMM) and C. Achutan (LAW and Finance expert) may bring back the confidence in the investors sentiments on the much concentrated SATYAM Fraud case.
The next thing to look after is the IIP Nos to be announced today, which are already expected to be -ve.

On the verge of Globla indices staying negitive, we may open Flat around and then we may expect a pull back to gain some day's High. The 2802 on NIFTY is a crutial level to watch as a support, if breaks we may taste 2745 levels. On the higher side 2920 is a goog level to watch as a resistance.

Please watch these levels carefully and trade accordingly.

Intraday News 09-01-2009

NIFTY FUT broken levels below 2817....Next level at 2786..

SBIN Future:- Sell at 1210  stop-loss 1239 target 1183 / 1164 / 1137.....Lot size 138...

*******Inflation data for this week is as follows:                                                                                                        The Inflation figure for this week is 5.91% as compared to 6.38% last week.

Nifty : 

Resistance 2880/2925/2990/3009 

Support 2850/2830/2770 

View: 

On 7th January, We witnessed the biggest corporate fraud of Indian History. 

This resulted in a massive fall in Indian market & hence our warning for a sharp fall of 300-500 in Nifty.

For today the level to watch out for 2830 on downside as strong support (closing basis), if held then we can see some bounce.

If the 2990 on nifty is held on upside relief rally may extend to 3100-3150 max.

Intraday call 07-01-2009

ICSA (INDIA) (BUY) 147-149 (T1)153 (T2) 155(Sl) 144.5
RELIANCE CAPITAL (SELL) 618-622 (T1)610 (T2) 598(Sl) 628BGR ENERGY (BUY) 182-184 (T1) 187 (T2) UPPER CIRCUIT(Sl) 177ajit kumar: Buy Praj Industries at 69.30, target: 72.50. Stoploss: 68.Buy BEML at 391, target: 405. Stoploss: 387
REL INFRA Sell @ 648 Stoploss 660 for Targets of 634. & HDFC BANK Buy @ 1098 Stoploss 1086 for Targets of 1115. & SATYAM Buy @ 176 Stoploss 167 for Targets of 186. NTPC Sell Jan Fut. around 178 with a Stoploss around 185 for targets of 166 & BHARTI AIRTEL Sell only around 660 Stoploss 672 for Target 645.

support & resistance 07-01-2009

Nifty: Resistance 3131/3160/3220 Support 3092/3070/3029/3005

Inraday view 07/01/2009

View: Nifty corrected from higher resistance zone & then took a sharp bounce from lower support area & closed flat.Short-term momentum is up & Long-term is down.Detailed View:Above 3440, downtrend may breakout & we may see fresh rally Else we may see correction at any time. So profit booking at all highs is must till above level is not crossed satisfyingly

On Tuesday the market went down in the second half of the trading session on the failure of sustenance above 3110 level. However, may be due to strong grip of bulls the market recovered smartly towards the end and closed nearer to its previous close of 3120/10300. If we follow the studies of Japanese candlesticks then we can say that the on Tuesday the market has formed ?Hanging Man? formation at the top of the rally on daily charts, which indicates at weakness in the market. Rather it may be an advance indication that bears are ready to take the grip of the market in the near term.

Trading Levles & Positional trading calls Jan06, 2009

Nifty Futures - Levels - (Pivot- 3108.7)
Resistance: 3151 - 3180.7 - 3223.50
Support : 3079.5 - 3036 - 3005.5

Reliance - Spot- (Pivot - 1345)
Resistance: 1396 - 1427.9* - 1478
Support : 1314 - 1263 - 1232

L&T - Spot - (Pivot - 850)
Resistance: 868 - 879 - 897
Support: 839 - 821 - 810

Trading calls:
BHARTIARTL - Buy Above 685 with a Sl 677 tgt 695 >> 702 >> 711
MOSERBAER - Buy above 83 sl 81 tgt 85.50 >> 88 >> 90
IBREALEST - Buy above 153 sl 147 tgt 158 >> 161

Market View Jan6,2009

Good Morning ...!!

Welcome to a new trading session in India.
The last trading session closed strong after the sentiments in the frontline commodity stocks moving strong. Nifty gave a breakout above our said resistance of 3080 & closed around the next resistance of 3131. This rally may extend max upto 3220 as of now. Today we may open marginally positive, backing to the mixed cues from the Asian Indices. The US indices Closed weak after opening positive in the last trading session.

Please exit form longs and book profits at the highs as 3180 on nifty is the most strong resistance if crosses will touch the 3220 mark and stay positive for a short term.. We may see a sell-off of 300-500 pts on Nifty by "XX" feb, Be cautious

Intraday trading Levels and Calls Jan 5, 2009

Nifty future: Pivot: 3056

Resistance: 3089 / 3125 / 3158

Support: 2951 / 2987 / 3020

Buying seen in BombayDyeing buy above 212 with sl 207 may turn upside till 218 >> 222 >> 225

Banking sector may plung into action, Buy Yesbank above 84 sl 81 may touch upside till 89 >> 92

Buy IFCI @ 23.75 sl 22.9 tgt 25 >> 27 (carry for delivery -was our positional call at 22.20)

Market View - Jan5 - 2009

Good Morning.........!!!!

We may open in green today, backing up with the positive global ques.

we may face resistance at 3080 on the nifty, if breaches can rally to 3132 on the higher side.

Please keep stop losses to your trade as a breakage below 3022 will take to 2950 on the lower side.

GOI announces the Fiscal stimulas package 2.0 , for INDIA INC releases Rs: 25k cr..

The Central Government of India gave INDIA Inc the a good NEW YEAR gift by announcing the second fiscal stimulus package which can be the last for this fiscal, the focus of which is to provide more liquidity and cut the cost of funds. “The scale of liquidity potentially available through this window is Rs.25,000 crore,” said Ahluwalia, who briefed reporters here, after it was approved by Prime Minister Manmohan Singh.This came almost a month after the first on December 7' 2008 and covers a series of measures aimed at easing credit delivery to sectors impacted most by the economic slowdown, but contains limited deficit-financed government spending.
The second instalment liberalised overseas borrowing norms, restored benefits to exporters, set up an alternative channel of finance for non-banking finance companies and allowed state-run India Infrastructure Finance Company Ltd (IIFCL) to issue additional tax-free bonds.
Exporters, too, will benefit with an extension of the duty-entitlement passbook (DEPB) scheme and enhanced duty drawback benefits on items like knitted fabrics, bicycles, farm hand tools and some categories of yarn.
Apart from the higher depreciation benefit, the automobile industry can benefit from an arrangement that is being worked out with leading public sector banks to provide a line of credit to lending institutions to finance commercial vehicles.
The realty industry can benefit from the permission to use external commercial borrowings if intended for the development of integrated townships, while enhancing the level of credit for micro units.
In order to give a boost to the corporate bond market, foreign institutional investment limit in rupee-denominated securities would be increased from $6 billion to $15 billion.

With the package the government is hopeful of seven per cent growth and there won't be another package till June.
Now we have to watch whether this will act as just a sentimantal booster to the entire industry or will result in a helping hand to the economic slowdown.

** To read this article click here

RBI cuts repo and crr

RBI Cuts REPO RATE by 100bps and CRR by 50 bps.

The Reserve Bank of India has cut the cash reserve ratio by 50 basis points, and both the repo and reverse repo rates by 100 bps. (100 bps=1%) The repo rate, after the cut, now stands at 4% from the 4.5% earlier.
In a statement, RBI said, “The global financial situation continues to be uncertain. Since the official recognition of recession in the US, the UK, the Euro area and Japan, the downside risks to the global economy have increased. On a review of current global and domestic macroeconomic situation, the Reserve Bank decided to take the measures.”
The release added, “The reduction in the CRR will inject additional liquidity of around Rs 20,000 crore to the financial system. It is expected that the reduction in the policy interest rates and the CRR will further enable banks to provide credit for productive purposes at appropriate interest rates. The Reserve Bank on its part would continue to maintain a comfortable liquidity position in the system.”

"The fundamentals of our economy continue to be strong. Once the crisis is behind us, and calm and confidence are restored in the global markets, economic activity in India would recover sharply. But a period of painful adjustment is inevitable," it stated.

Source Moneycontrol.com

Free Intraday trading calls and levels Jan2,2009

Nifty Futures Jan-09 - Pivot - 3025
Resistance : 3074 - 3102 - 3152
Support : 2996 - 2947 - 2918

Bank Nifty Futures Jan-09 - Pivot - 5029
Resistance : - 5088 - 5188 - 5247
Support : 4929 - 4870 - 4770

INTRADAY Trade:
Polaris has shown a good technical move, buy above 46 sl 42 tgt 52 >> 55
IDFC seen good accumulation in the recent days, Buy
NTPC if sustains above 181 with a stoploss of 177 upside trend till 185/189 SL 179
BHEL , buy above 1405 SL 1380 upside trend till 1460

HDFC BANK
Buy abv  1010 S/L 999  TGT 1025  -  1035

Sell below 998 S/L 1009 Tgt  985  - 979

CAIRN
Buy  abv 173.75 S/L 171.8  TGT 177  -  182
Sell below 170.5 S/L 173.5  TGT 165 -  160 

Market View Jan2, 2009

Good Morning ....!!
NIFTY Levels:
Resistance: 3060/3090/3110
Support : 3030/3005/2990/2950

We have kickstarted the New year with a positive note, after a choppy half session Nifty spurted in later hours on thursday to close near the days Highs. This strength shown by indian indices, despite being most of the major Global indices shutting down for trade, reflects that the indian markets have gained a strong support at the 2850 lelves for the nifty. We can expect this to be a strong lelvel for the nifty to break over the short term. At the maximum Nifty may rally upto 3060-3110, where it faces stiff resistance. Above 3220 we may touch 3400 & below 2850 we may see 2770/2550 levels. So plan accordingly as accumulating some puts will be a good idea at higher levels.
We may open strong on nifty as the Asian indices are positive and showing good strength.
Straits Times (+323.34)
Hangseng (+323.34)
Although we may face some selling at the higher levels ... we advice to keep stoploss for long positions.

HAPPY TRADING.............!!!!

Free INTRADAY CALLS & trading levels - 01-01-2008

NIFTY FUT LEVELS
Resistance: 3018 >> 3056 >> 3090
Supports : 2961 >> 2938 >> 2918

BuySail @ 80.50 with a sl 77 tgt 83 >> 85
Buy NDTV @ 138 sl 132 tgt 143 >> 145
Buy RELINFRA above 585 sl 571 tgt 600 >> 605

Buy Redington  at 132 sl 128 tgt 137 >> 140

Buy Relcapital  above 552 sl 544 tgt 560 >> 565 >> 572 

*** Inflation data figure for this week is 6.38% as compared to 6.61% last week.

Market View & info..... Jan1, 2009

JSK - Good Morning .......!!
Wish u All a happy new year.... 2009

Nifty SPOT LEVELS ARE 3072,3060, 2955,2931,2922

Today we may start the new calender year with a fresh positive note. It can follow the rise in the US markets. we may expect a good rise for the day's trade but the market will help purely traders who can trade in a range.

Our NIFTY index has a support at 2920 on the lower side and can face resistance at 3070 levels on the higher side

***** Inflation data figure for this week is 6.38% as compared to 6.61% last week.