Q3 GDP numbers have been announced. The figure for Q3 2009 has been recorded at 5.3%.VS 7.6% (QoQ), vs 8.9% (YoY)
Manufacturing output down to -0.2%, construction growth at 6.7%, mining growth at 5.3%, farm sector output down to -2.2%
This may prove -ve for Indian market
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Friday, February 27, 2009
TRADING LEVELS AND INTRADAY RECOMMENDATIONS
Nifty Spot Pivot - 2749 --- (Short) L4 2703 H3 2769 (Long) L3 2719 H4 2766
Res 1 - 2788 Res 2 - 2829 Res 3 – 2868
Sup 1 - 2708 Sup 2 - 2669 Sup 3 - 2628
Res 1 - 2788 Res 2 - 2829 Res 3 – 2868
Sup 1 - 2708 Sup 2 - 2669 Sup 3 - 2628
Intraday calls:
Acumulation seen in MCDOWELL Buy @ 618 stop-loss: - 581 target 641 / 665.....Buy in cash..
ICICI BANK (BUY) 318-320 (Target1) 324(Target2) 329(Sl) 315
Morning Brief: 27-02-2009
Good Morning ....!!!
It was a quite good closing yeasterday with the Sensex and the Nifty, both closing in green. The Marketsrecovered in the second half with postive cues in Europe & Dow futures. US markets which opened lower looks like recovered at one point of time but due to bad Economic data and worse consumer confidence index numbers , they managed to close 1% lower.
Asian markets are trading fine and are in trading mixed .NIKKIE is up by 50 points SANGHAI is down by 2%.
Indian markets are to open low to flat and we may see some losses inthe offing today , Expect market to loose more than 0.5-1% . We seesome pressure in IT stocks as news from US tax policy over outsourcingproviders is negative. Fertiliser sector stocks may be in the limelight on the wake of some announcements in the near future...
It was a quite good closing yeasterday with the Sensex and the Nifty, both closing in green. The Marketsrecovered in the second half with postive cues in Europe & Dow futures. US markets which opened lower looks like recovered at one point of time but due to bad Economic data and worse consumer confidence index numbers , they managed to close 1% lower.
Asian markets are trading fine and are in trading mixed .NIKKIE is up by 50 points SANGHAI is down by 2%.
Indian markets are to open low to flat and we may see some losses inthe offing today , Expect market to loose more than 0.5-1% . We seesome pressure in IT stocks as news from US tax policy over outsourcingproviders is negative. Fertiliser sector stocks may be in the limelight on the wake of some announcements in the near future...
Friday, February 20, 2009
INTRADAY major levels
Nifty Spot Pivot - 2788
Res 1 - 2808 Res 2 - 2822 Res 3 – 2842
Sup 1 - 2773 Sup 2 - 2753 Sup 3 - 2739
Nifty Futures feb-09 Pivot - 2780
Res 1 - 2805 Res 2 - 2818 Res 3 - 2843
Sup 1 - 2767 Sup 2 - 2742 Sup 3 - 2729
Bank Nifty Futures feb-09 Pivot - 4077
Res 1 - 4128 Res 2 - 4190 Res 3 - 4240
Sup 1 - 4015 Sup 2 - 3965 Sup 3 - 3902
Res 1 - 2808 Res 2 - 2822 Res 3 – 2842
Sup 1 - 2773 Sup 2 - 2753 Sup 3 - 2739
Nifty Futures feb-09 Pivot - 2780
Res 1 - 2805 Res 2 - 2818 Res 3 - 2843
Sup 1 - 2767 Sup 2 - 2742 Sup 3 - 2729
Bank Nifty Futures feb-09 Pivot - 4077
Res 1 - 4128 Res 2 - 4190 Res 3 - 4240
Sup 1 - 4015 Sup 2 - 3965 Sup 3 - 3902
Wednesday, February 18, 2009
Morning Brief -18-02-2009
Good Morning.....!!!
Nifty spot will be 2832,2802,2775,2755,2720,2682,2669
It was a blood bath in the Indian markets yesterday where we lostnearly 300 points. Over all we see a negative opening but expecting a flat to positiveclosing .
US Mkt closed -3.8%. Asian Market trading down by 1%-1.5% Crude also dipped to 7% low and is trading at 34$ a barrel
Indian markets are expected to open low and today we see a recovery inthe late session , We advice members to buy NIFTY at 2735-2740 with Sl2720 for a traget of 2800 in next 7 trading sessions. It would beanother bad day for Reality & Banking . We advice to buy ondeclines the fundemental strong companies as we expect technicalrecovery creeping in todays market.
We would also see some spark inMAYTAS with Govt decision on impounding the directors of the MAYTAS .This is a positive movement and we may see the stock in upper circuittoday.
Tuesday, February 17, 2009
Intraday trading levels and Calls
Nifty Futures feb-09 Pivot - 2858
Res - 2894 - 2960 - 2997
Sup - 2792 - 2755 - 2689
Bank Nifty Futures feb-09 Pivot - 4365
Res - 4530 - 4713 - 4878
Sup - 4182- 4017 - 3834
Res - 2894 - 2960 - 2997
Sup - 2792 - 2755 - 2689
Bank Nifty Futures feb-09 Pivot - 4365
Res - 4530 - 4713 - 4878
Sup - 4182- 4017 - 3834
Market View 17-02-2009
Good Morning....!!
Nifty spot levels for the day 2905,2873,2843,2810,2796,2776,2753
Indian markets bleeded after a disappointing budget from the acting finance minister Mr Pranav Mukherjee... The sell off came after the interim budget announced in theparliament and the BSE Sensex recorded a fall of 300 points and the Nifty closed around 99 points down.
Asian markets are in deep red and the cues from their side isNEGATIVE.
Indian markets after the dismissal performance yesterday may see another dull day. We may see gap down opeining in the markets today but may see a recovery in the later part of the day if the Nifty sustains the 2776 level which we see as a good support .We see pressure coming in Metal stocks as the metal commodities gaveup the gains which they posted in the last one week.
Nifty spot levels for the day 2905,2873,2843,2810,2796,2776,2753
Indian markets bleeded after a disappointing budget from the acting finance minister Mr Pranav Mukherjee... The sell off came after the interim budget announced in theparliament and the BSE Sensex recorded a fall of 300 points and the Nifty closed around 99 points down.
Asian markets are in deep red and the cues from their side isNEGATIVE.
Indian markets after the dismissal performance yesterday may see another dull day. We may see gap down opeining in the markets today but may see a recovery in the later part of the day if the Nifty sustains the 2776 level which we see as a good support .We see pressure coming in Metal stocks as the metal commodities gaveup the gains which they posted in the last one week.
Monday, February 16, 2009
Interim -Union- Budget 2009-10 - falls expectations
The interim budget announced by the acting finance minister Pranab Mukherjee, falls the market expectations the budget didnot contain the announcements expected by the industry. Mr Mukherjee, said the agenda of the Manmohan Singh government was of change and every effort has been made by the government to deliver on the commitment. He said the economy grew at 9 per cent for three straight years. The country’s per capital income grew at 7.4 per annum for four years. He also said the gross domestic savings rate stood at 37.7 per cent during 2007-08.
Following are the highlights of the Budget:
Rs 4,900 cr allocated to Bharat Nirman Scheme
Rs 8,300 cr for mid-day meal scheme
Rs 1,200 crore for Total Sanitation Programme
Rs 6705 cr allocated for child development schemes
Tax collections in 2008-09 to exceed that of 2007-08
FY09 fiscal deficit seen at 6% of GDP vs 2.5 %
Tax collections down by Rs 60,000 crore over estimates
Plan expenditure revised to 3 lakh crore
Revenue deficit revisied at 4.4% of GDP
Custom duties rates steadily reduced in UPA rule
Tax collection to increase in 2008-09
Govt expenditure estimate revised to over 9 lakh crores
Pranab Mukherjee resumes Interim Budget speech
Kerala MP falls ill; session adjourned for 10 minutes
Part of NIF proceeds also to be used for capital investment
PSU turnover up 84%
Centre has pumped in Rs 652 cr into Regional Rural Banks
Personal Income tax structure has been rationalised
Tax rates must fall during the time of crisis
Turnover of PSUs rose by 84% in 2003-08
Young widows to get priority in ITI admissions
The RIDA corpus was hiked from Rs 5,500 to Rs 14,000 cr
Indira Gandhi National Widow Pension Scheme for widows
Govt to provide subsidy to farmers in 2009-10
Six new IITs started in 2008-09
Educational loan schemes revised
2 new IITs in MP and Rajasthan in 2009-10
Rs 65,300 crore in loans loans waived off for farmers
Industrial production fell by 2 pct in 2008 on a YoY basis
Govt took prompt stimulus packages to curb slowdown
Allocation to agriculture increased by 300%
Outlay for higher education increased 900 per cent
Govt took prompt stimulus packages to curb slowdown
Govt approved 37 infrastructure projects
Tax to GDP ration risen by 12.5%
60.12 lakh houses built under Indira Awaas Yojna
Highest priority to rural development
Per Capita income grew by 7.4% in UPA regimen
Agri revival package implemented in 25 states
Employment generation schemes to be expanded
Economic growth has to be sustainable and inclusive
Manufacturing and agriculture sector are the growth drivers
FRPM targets being relaxed
Export growth for the first 9 months of the current year down to 17.1%
Export growth slowed down to 17.1% for the last 9 months
Export growth at 26.4% annually in the last 4 years
Government has approved 37 new infrastructure projects
Serious chocking of credit due to global downturn
Export growth at 26.4% annually in the last 4 years
India second fastest growing economy at 7.1% growth
Agriculture annual growth rate 3.7%
Savings rate up to 30.7% in 2008
Farmers real heroes of our success story
Investment rate has grown to 39%
Fiscal deficit down by 2.7%
Focus to maintain growth rate of 7-8%
Following are the highlights of the Budget:
Rs 4,900 cr allocated to Bharat Nirman Scheme
Rs 8,300 cr for mid-day meal scheme
Rs 1,200 crore for Total Sanitation Programme
Rs 6705 cr allocated for child development schemes
Tax collections in 2008-09 to exceed that of 2007-08
FY09 fiscal deficit seen at 6% of GDP vs 2.5 %
Tax collections down by Rs 60,000 crore over estimates
Plan expenditure revised to 3 lakh crore
Revenue deficit revisied at 4.4% of GDP
Custom duties rates steadily reduced in UPA rule
Tax collection to increase in 2008-09
Govt expenditure estimate revised to over 9 lakh crores
Pranab Mukherjee resumes Interim Budget speech
Kerala MP falls ill; session adjourned for 10 minutes
Part of NIF proceeds also to be used for capital investment
PSU turnover up 84%
Centre has pumped in Rs 652 cr into Regional Rural Banks
Personal Income tax structure has been rationalised
Tax rates must fall during the time of crisis
Turnover of PSUs rose by 84% in 2003-08
Young widows to get priority in ITI admissions
The RIDA corpus was hiked from Rs 5,500 to Rs 14,000 cr
Indira Gandhi National Widow Pension Scheme for widows
Govt to provide subsidy to farmers in 2009-10
Six new IITs started in 2008-09
Educational loan schemes revised
2 new IITs in MP and Rajasthan in 2009-10
Rs 65,300 crore in loans loans waived off for farmers
Industrial production fell by 2 pct in 2008 on a YoY basis
Govt took prompt stimulus packages to curb slowdown
Allocation to agriculture increased by 300%
Outlay for higher education increased 900 per cent
Govt took prompt stimulus packages to curb slowdown
Govt approved 37 infrastructure projects
Tax to GDP ration risen by 12.5%
60.12 lakh houses built under Indira Awaas Yojna
Highest priority to rural development
Per Capita income grew by 7.4% in UPA regimen
Agri revival package implemented in 25 states
Employment generation schemes to be expanded
Economic growth has to be sustainable and inclusive
Manufacturing and agriculture sector are the growth drivers
FRPM targets being relaxed
Export growth for the first 9 months of the current year down to 17.1%
Export growth slowed down to 17.1% for the last 9 months
Export growth at 26.4% annually in the last 4 years
Government has approved 37 new infrastructure projects
Serious chocking of credit due to global downturn
Export growth at 26.4% annually in the last 4 years
India second fastest growing economy at 7.1% growth
Agriculture annual growth rate 3.7%
Savings rate up to 30.7% in 2008
Farmers real heroes of our success story
Investment rate has grown to 39%
Fiscal deficit down by 2.7%
Focus to maintain growth rate of 7-8%
Intrtaday levels and calls 16-02-09
We may see some sops for fertilisers, Automobile, Infra & Real Estate& Exports sectors in the interim budget . So keep an eye on them .
LT (spot) Pivot Point- 699.22
Resistance 716.07 - 725.79
Support 688.33 - 678.61
Trading Levels:
Reliance (Spot Levels) Pivot Point - 1385.8
Resistance: 1415.84 - 1432.26
Support: 1368.97 - 1352.54
LT (spot) Pivot Point- 699.22
Resistance 716.07 - 725.79
Support 688.33 - 678.61
Market View 16-02-2009
Good Morning....!!!
Nifty (spot) Levels for the day are: 2870,2899,2915,2945,2960,2999,3012
Today is a crutial day in INDIAN stock market for the year 2009, Mr Pranav Mukherjee , The FIN. Minister of the Manmohansingh GOVT. is to present the FAREWELL (Interim) Budget. Indian markets expected to open flat to negative but may trade rangebound , Do not expect any major moves either side and will experience high rangebound trade and we may see lot of volatility during the presention of the interim budget in Parliament.
We advice members not to trade in huge quantities and it would be best idea to stay away from the markets for the dayor trade with strict stop losses. Airline stocks may be in limelight as the oil marketing companies further reduced the priceson Avation fuel.
US markets were weak in friday with DOW ending nearly 1% down ,Crudetoo is trading near the 38$ per barrel.The much awaited stimulus package is approved by the congress and thePresident Mr Barrack Obama is expected to sign on tuesday. Asian markets opened weak leaving SANGHAI which is trading with 1%gains . NIKKIE and HANSENG are trading in red.
Market has gone up in the past couple of days due to speculation on tax relief's and other soaps to industries. It was as event based movement which will be out today. All policy decisions will take time to show recovery and growth and doesn't have single day implication. Hence is it advised to book profits at every higher levels unless there is more fuel than what is expected in the interim budget.
Nifty (spot) Levels for the day are: 2870,2899,2915,2945,2960,2999,3012
Today is a crutial day in INDIAN stock market for the year 2009, Mr Pranav Mukherjee , The FIN. Minister of the Manmohansingh GOVT. is to present the FAREWELL (Interim) Budget. Indian markets expected to open flat to negative but may trade rangebound , Do not expect any major moves either side and will experience high rangebound trade and we may see lot of volatility during the presention of the interim budget in Parliament.
We advice members not to trade in huge quantities and it would be best idea to stay away from the markets for the dayor trade with strict stop losses. Airline stocks may be in limelight as the oil marketing companies further reduced the priceson Avation fuel.
US markets were weak in friday with DOW ending nearly 1% down ,Crudetoo is trading near the 38$ per barrel.The much awaited stimulus package is approved by the congress and thePresident Mr Barrack Obama is expected to sign on tuesday. Asian markets opened weak leaving SANGHAI which is trading with 1%gains . NIKKIE and HANSENG are trading in red.
Market has gone up in the past couple of days due to speculation on tax relief's and other soaps to industries. It was as event based movement which will be out today. All policy decisions will take time to show recovery and growth and doesn't have single day implication. Hence is it advised to book profits at every higher levels unless there is more fuel than what is expected in the interim budget.
Friday, February 13, 2009
INDIAN RAILWAY interim budget - Report & highlights
INTERIM BUDGET - HIGHLIGHTS
Railway generated cash surplus 900 bln rupee in 5 yr
* Railways raised record cash surplus in last 5 yrs
* Railways raised $100 mln debt at 4%
* Financial turnaround managed without burden on public
* Railways fincl turnaround without burdening common man
* Average freight grew 3% to 8% in last 5 yrs
* Railways freight growth up at 8% in last 5 yr vs 3%
* Fall in number of rail accidents in last 5 yrs
* India rail mishaps at 194 in 2007-08
* Rail accidents down to 194 FY08 from 325 in FY04
* Railways has facilitated easier ticket booking
* Railways has shown paradigm shift in consumer svcs
* To use 700 bln rupee surplus to up rail productivity
* Railways' investment under 11th Plan 2.3 trln rupees
* Railway invest plan in 11th plan 2.3 trln rupees
- Passenger trains will have 22% more capacity.
- Two per cent cut in AC-Fares.
- 43 new trains to be introduced in FY-2010.
- Feasibility study for Delhi-Patna Bullet train going on.
- Rail passenger growth up 14%.
- 43 new trains to be introduced in FY-2010.
- Freight rate to remain unchanged.
- Railways to spend Rs 4000 crore on pensions.
- To invest Rs 2.3 cr in the next five years.
- Railways has invested Rs 38,000 crore in 2008-09.
- 6th Pay Commission implementation to hike expense by Rs 13,500cr.
- Railways cash reserves touch Rs 90,000 crore .
- 4 call centres set up for rail enquiry.
- Customers can now book tickets online.
- Profits registeres without hurting the common man.
- Railways managed 8 per cent growth in freight loading.
- Freight capacity up by 78%.
- Railways got loans at 4%.
- Mishap rate has dropped drastically.
- Lalu: Our Rail Budget has always been for the poor.
This would be UPA's last railway budget during this term.
The budgetary support to the railway plan will be about Rs 10,800 crore, representing a significant step up of 37 per cent compared with Rs 7,874 crore in 2008-09.
Government officials said the minister was keen on gifting lower fares to the janata in an election year despite resistance within the ministry.
Expectations are that Lalu Prasad's populist budget for 2009- 10 will include a substantial investment of Rs 12,000 crore for the ambitious East-West freight corridor.
Lalu Prasad Yadav looks all set to keep his date with history when he rises to present the interim rail budget in Lok Sabha.
Railway generated cash surplus 900 bln rupee in 5 yr
* Railways raised record cash surplus in last 5 yrs
* Railways raised $100 mln debt at 4%
* Financial turnaround managed without burden on public
* Railways fincl turnaround without burdening common man
* Average freight grew 3% to 8% in last 5 yrs
* Railways freight growth up at 8% in last 5 yr vs 3%
* Fall in number of rail accidents in last 5 yrs
* India rail mishaps at 194 in 2007-08
* Rail accidents down to 194 FY08 from 325 in FY04
* Railways has facilitated easier ticket booking
* Railways has shown paradigm shift in consumer svcs
* To use 700 bln rupee surplus to up rail productivity
* Railways' investment under 11th Plan 2.3 trln rupees
* Railway invest plan in 11th plan 2.3 trln rupees
INTRADAY CALLS
Stocks to watch out for are:
Polaris Buy @51 sl 48 target 54 >> 58
Satyam & SAIL Look good for trading but do book profits regularly.
AXIS BANK - BUY @432 sl 423 Target 439 >> 443
RELCOM - BUY at 173 with Sl 167 for a Target 177 >> 180
Polaris Buy @51 sl 48 target 54 >> 58
Satyam & SAIL Look good for trading but do book profits regularly.
AXIS BANK - BUY @432 sl 423 Target 439 >> 443
RELCOM - BUY at 173 with Sl 167 for a Target 177 >> 180
Market View ... 13-02-2009
Good Morning .....!!!
Nifty spot levels for the day : 2988/ 2960/ 2935/ 2920 / 2895 / 2870
Indian markets after a bad day are expected to do well today , we seenifty comfortable crossing the 2900 levels , As said earlier nifty ifstays above 2950 on closing basis we may see 3060-3100 on cards soons.With the interim budget nearing in we may see rally in markets today.We advice members to go long on IT , Banking and Metal stocks today .
Nifty spot levels for the day : 2988/ 2960/ 2935/ 2920 / 2895 / 2870
Indian markets after a bad day are expected to do well today , we seenifty comfortable crossing the 2900 levels , As said earlier nifty ifstays above 2950 on closing basis we may see 3060-3100 on cards soons.With the interim budget nearing in we may see rally in markets today.We advice members to go long on IT , Banking and Metal stocks today .
US markets which opened quite negative with bad economic news lostmore than 3% or 240 points at one point of time but finally recoveredvertically on the hopes that homeowners will get more help with theirmortgages and DOWJONES closed almost flat. Asian markets are trading in style with almost all the the indices arepositive and with more than 1% gains.
Over all we expect market to trade positive and we see markets closingtoday with 1.5-2% gains. Some of the stocks to watch out for arePolaris Software, Hexaware, Satyam & SAIL.
Thursday, February 12, 2009
Market info and data
The IIP ( Index of industrial Production) numbers for the month of December 2008 have been announced.The growth rate was recorded at -2.0% for December 2008 , as against 2.4% announced for
Inflation data for this week is as follows: The benchmark figure for this week is 4.39% as compared to 5.07% last week.
Inflation data for this week is as follows: The benchmark figure for this week is 4.39% as compared to 5.07% last week.
intraday calls
LT looks good for intraday trading .... watchout for today .... 680 >> 695 >>702 on the higher side and 671 >> 659 >> 640 on the lower side
Nifty Future Levels:
Resistance:2918 - 2936 - 2948
Support: 2844 - 2868 - 2850
Nifty Future Levels:
Resistance:2918 - 2936 - 2948
Support: 2844 - 2868 - 2850
MArket VIew
Good MOrning .......!!!
Nifty: Resistance 2925/2990 / 3012
Support 2900/2880/2850
Nifty exactly did as we said yesterday. We said that after a gap down, Nifty will take support @ 2880. Nifty made a low of 2877.6 & bounced back to close Flat. Today again view remains same. Below 2880 (closing basis) , Nifty is weak for 2825 zone. Abv 2925 (closing basis) Nifty looks good for 2990-3012 zone
Nifty: Resistance 2925/2990 / 3012
Support 2900/2880/2850
Nifty exactly did as we said yesterday. We said that after a gap down, Nifty will take support @ 2880. Nifty made a low of 2877.6 & bounced back to close Flat. Today again view remains same. Below 2880 (closing basis) , Nifty is weak for 2825 zone. Abv 2925 (closing basis) Nifty looks good for 2990-3012 zone
Markets likely to open weak. Nifty has good support at 2870. We expect markets toclose in green today . The issues one have to watch out today are then inflation data and IIP numbers . We see inflation coming down to4.03% . This would go as good news going forward. The Govt also announced on the issues regarding FDI policy which is positive news asa whole.
We expect markets today behave on news specific. Investors can go long with view of 2-3 trading sessions
Wednesday, February 11, 2009
Intraday calls
BUY SBIN @ 1140 with strict stoploss at 1121 tgt 1155 >> 1163
Buy JPASSOCIAT at 72.50 with strict stop loss @ 70 target 75>>> 79 -- time gap - 3-5days
Buy JPASSOCIAT at 72.50 with strict stop loss @ 70 target 75>>> 79 -- time gap - 3-5days
Market info ...
(IIP) data for Dec08 will be released today, 11 Feb09. The IIP for the November 2008 stood at 2.4%, compared to contraction of 0.4% in Oct08. US markets plunged on Tuesday, 10 February 2009, as investors soured on the financial rescue and seemed to ignore the Senate's approval of its $838 billion economic stimulus package...
Monday, February 09, 2009
intraday levels& picks
JSW STEEL (BUY) 211-214 (T1) 218 (T2) 224 (Sl) 207
Nifty Futures feb-09 Pivot - 2822
Res 1 - 2853 Res 2 - 2873 Res 3 - 2903
Sup 1 - 2803 Sup 2 - 2772 Sup 3 - 2752
Bank Nifty Futures feb-09 Pivot - 4310
Res 1 - 4365 Res 2 - 4400 Res 3 - 4455
Sup 1 - 4275 Sup 2 - 4220 Sup 3 - 4185
Nifty Futures feb-09 Pivot - 2822
Res 1 - 2853 Res 2 - 2873 Res 3 - 2903
Sup 1 - 2803 Sup 2 - 2772 Sup 3 - 2752
Bank Nifty Futures feb-09 Pivot - 4310
Res 1 - 4365 Res 2 - 4400 Res 3 - 4455
Sup 1 - 4275 Sup 2 - 4220 Sup 3 - 4185
Market Brief
Good Morning ....!!!
Nifty Spot Pivot - 2826
Res 1 - 2873 Res 2 - 2900 Res 3 – 2947
Sup 1 - 2800 Sup 2 - 2752 Sup 3 - 2726
Nifty on friday bounced from lows & closed on higher band. From past one week we have been in a range of 2750-2850. We are keeping a view of break of either side this in coming days & hence a big move may be awaiting our way. US markets closed 2.7% + on Friday. Asian Market trading firm with 1% gain. Our market may open gap up with 15-30 pts on Nifty. We still maintain cautious outlook on market till either side break is seen
Nifty Spot Pivot - 2826
Res 1 - 2873 Res 2 - 2900 Res 3 – 2947
Sup 1 - 2800 Sup 2 - 2752 Sup 3 - 2726
Nifty on friday bounced from lows & closed on higher band. From past one week we have been in a range of 2750-2850. We are keeping a view of break of either side this in coming days & hence a big move may be awaiting our way. US markets closed 2.7% + on Friday. Asian Market trading firm with 1% gain. Our market may open gap up with 15-30 pts on Nifty. We still maintain cautious outlook on market till either side break is seen
Friday, February 06, 2009
Intraday View For 06/02/09
Short sell TATAPOWER Below 721 sl 735 TGT705
Sell LT Below 648 sl 660 TGT 590
BANK OF INDIA (BUY) BELOW 242 (Sl) 235 target 248 >>251
Sell LT Below 648 sl 660 TGT 590
BANK OF INDIA (BUY) BELOW 242 (Sl) 235 target 248 >>251
Market View
Good morning to all:
Nifty Levels for the day can be : 2706,2762,2780,2832,2842,2880,2940
Nifty facing stiff resistance at every upmove & as said every rise is utilised for shorts. Nifty (spot) took support exactly @ our said levels of 2750 (low 2754) & bounced back as said yesterday. Nifty from past couple of days has been in a narrow range & we feel that either side breakout may be witnessed soon.After US market closed in positive mark, we may too witness a +ve opening of 25-30 pts on Nifty & again followed by a volatile session
Nifty Levels for the day can be : 2706,2762,2780,2832,2842,2880,2940
Nifty facing stiff resistance at every upmove & as said every rise is utilised for shorts. Nifty (spot) took support exactly @ our said levels of 2750 (low 2754) & bounced back as said yesterday. Nifty from past couple of days has been in a narrow range & we feel that either side breakout may be witnessed soon.After US market closed in positive mark, we may too witness a +ve opening of 25-30 pts on Nifty & again followed by a volatile session
Thursday, February 05, 2009
INTRADAY Levels & Calls
Tradaing Calls:
ISPATIND BUY at 11.50 with a Stop loss at 11 upper trend till 12.25 >> 13
HDIL - Sell at 77 with a sl at 79.9 down trend till 74 >> 71
SATYAMCOMP- buy below 45 with sl @41 tgt 50>> 53 - (time frame 3-5 trading sessions)
TATAPOWER - Buy @ 750 with SL 744 target till 757 >> 762
Levels:
NIFTY Feb Future - Pivot - 2790
Resistance: 2818 - 2846 - 2878
Support: 1748 - 2720 - 2678
Reliance (spot) major levle 1313
Resistance: 1331 - 1355 - 1374
Support : 1289 - 1270 - 1246
Market View
Good Morning.....!!
NIFTY spot levels for the day:
Resistance: 2836 - 2870 - 2898
Support: 2775 - 2747 - 2712
Nifty closed falt on wednesday after a choppy trading session.
Us markets gave up the early gains and managed to close around 1.5% negitive.
We may open falt on the nifty and therefrom we may gain to the day's first resistance levels of 2836 and may experience selling in the later part of the day.
NIFTY spot levels for the day:
Resistance: 2836 - 2870 - 2898
Support: 2775 - 2747 - 2712
Nifty closed falt on wednesday after a choppy trading session.
Us markets gave up the early gains and managed to close around 1.5% negitive.
We may open falt on the nifty and therefrom we may gain to the day's first resistance levels of 2836 and may experience selling in the later part of the day.
Wednesday, February 04, 2009
Intraday levels & calls
BUY MCDOWELL-N @568 with sl 555 for an upper side 585 >>596
BUY CAIRN @ 159 sl 154 tgt 164 >> 169
Nifty Futures feb-09 Pivot - 2777
Res 1 - 2816Res 2 - 2862Res 3 - 2901
Sup 1 - 2731Sup 2 - 2692Sup 3 - 2647
Bank Nifty Futures feb-09 Pivot - 4241
Res 1 - 4323Res 2 - 4411Res 3 - 4494
Sup 1 - 4152Sup 2 - 4070Sup 3 - 3982
BUY CAIRN @ 159 sl 154 tgt 164 >> 169
Nifty Futures feb-09 Pivot - 2777
Res 1 - 2816Res 2 - 2862Res 3 - 2901
Sup 1 - 2731Sup 2 - 2692Sup 3 - 2647
Bank Nifty Futures feb-09 Pivot - 4241
Res 1 - 4323Res 2 - 4411Res 3 - 4494
Sup 1 - 4152Sup 2 - 4070Sup 3 - 3982
Market View
GOOD MORNING.......!!!
NIFTY LEVELS FOR THE DAY:
Resistance : 2835 - 2870 - 2905
Support : 2790 - 2755 - 2720
Nifty managed to close positive after a very choppy session the day long. only the major Indian indices managed to close positive the rest junior and sectoral indices closed in RED.
US indices advanced in the later part of the day;s trade with the better perfomance of the AUTo sector and better than expected housing data.
On the news ASIAN indices rallied in the morning trade..... We may expect a gap up opening of around 25-35 points on the NIFTY and gain more in the later part of trade... we may face good resistance at 2835 - 2870 levels on spot nifty. on the lower side we may have a suport at 2790 -2755 levels.
Please watch the levels closely and trade accordingly.
NIFTY LEVELS FOR THE DAY:
Resistance : 2835 - 2870 - 2905
Support : 2790 - 2755 - 2720
Nifty managed to close positive after a very choppy session the day long. only the major Indian indices managed to close positive the rest junior and sectoral indices closed in RED.
US indices advanced in the later part of the day;s trade with the better perfomance of the AUTo sector and better than expected housing data.
On the news ASIAN indices rallied in the morning trade..... We may expect a gap up opening of around 25-35 points on the NIFTY and gain more in the later part of trade... we may face good resistance at 2835 - 2870 levels on spot nifty. on the lower side we may have a suport at 2790 -2755 levels.
Please watch the levels closely and trade accordingly.
Tuesday, February 03, 2009
Intraday Levels & Calls
NIFTY FEB FUTURES - Levels:
Resistance: 2802 - 2828 - 2848
Support: 2777 - 2755 - 2737
BUY RELINFRA (REL)@ 521-523 sl below 510 tgt 530 >> 535 - tgt Acheived
Resistance: 2802 - 2828 - 2848
Support: 2777 - 2755 - 2737
BUY RELINFRA (REL)@ 521-523 sl below 510 tgt 530 >> 535 - tgt Acheived
Market View
GOOD MORNING....!!!
NIFTY levels for the day:
2855,2832,2802,2775,2744,2720,2702,2682,2670 ***
Nifty cracked from higher resistance zone levels & closed 2766 (near to our given support levels of 2770).
Today we may see some bounce from low levels if 2770 is held. Nifty today may open up with marginal gain of 10-20 pts. It needs to cross & sustain 2821 for some recovery, else fresh selling may be witnessed.
NIFTY levels for the day:
2855,2832,2802,2775,2744,2720,2702,2682,2670 ***
Nifty cracked from higher resistance zone levels & closed 2766 (near to our given support levels of 2770).
Today we may see some bounce from low levels if 2770 is held. Nifty today may open up with marginal gain of 10-20 pts. It needs to cross & sustain 2821 for some recovery, else fresh selling may be witnessed.
Monday, February 02, 2009
Intraday levels
INDIA INFOLINE (BUY) 44-44.5 (Target1) 45.5 (Target2) 47.5 (Sl) 43
Positional CALL:
BUY JPASSOCIAT @ 73 sl 70.50 tgt 76 >> 79
Acumulation Seen in CANARA BANK:- BUY @ 184 stop-loss 178 traget 189 / 195
Market View
Good Morning .....!!
Nifty Spot Levels for the day:
2931,2869,2851,2835,2802,2778,2748***
On Friday we experienced an accumulating bounce back of the market ... it surpassed the crutial support of 2850. 2925 should offer good resistance to upside movements. Shorter may keep it as SL for their positions. Closing above 2930 will take Nifty towards for some good upswing lead by short covering.
The Us markets crashed around 2-3% on friday's close. likewise Asia opened mixed.
We may expect a gap down opening of 10-20 points on th e NIFTY and there fater face downside for some time till the nifty finds support at 2835 and 2802 levels ... on the lower side and NIFTY will face resistance at 2905 and 2930 levels.
Please keep a track of the supports and trade cautiously today
Nifty Spot Levels for the day:
2931,2869,2851,2835,2802,2778,2748***
On Friday we experienced an accumulating bounce back of the market ... it surpassed the crutial support of 2850. 2925 should offer good resistance to upside movements. Shorter may keep it as SL for their positions. Closing above 2930 will take Nifty towards for some good upswing lead by short covering.
The Us markets crashed around 2-3% on friday's close. likewise Asia opened mixed.
We may expect a gap down opening of 10-20 points on th e NIFTY and there fater face downside for some time till the nifty finds support at 2835 and 2802 levels ... on the lower side and NIFTY will face resistance at 2905 and 2930 levels.
Please keep a track of the supports and trade cautiously today
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