GDP data today....

Friday Indian indices traded positive on the back of strong global cues, REALITY and METALS attracted major buying interest, with other heavy weights. SENSEX closed at 16863, up 196 points and Nifty at 5066, up 63 points from the previous close.

The US market closed in negative terrain the Dow jones closed at 10136.63, down by 122.36 points, Nasdaq closed at 2257.04, down by 20.64 points, S&P 500 closed at 1089.41, down by 13.64 points from the previous close.

The Asian market trading in negative zone.

Today is announcement of the fourth quarter GDP data, that could influence the immediate market trend. In today's session we expect NIFTY to trade in a range 5000-5120. NIFTY breaking levels either side may decide the trend. REALITY and BANKING may attract further buying. Traders are suggested to buy at declines.

Index need heavy weight support......

Yesterday the market saw a good run-up on the expiry day of the F&O May series and in all on the back of positive global cues Indian Indices closed in positive note. Sensex closed at 16666, up 278 points and Nifty closed above the psychological resistance of 5000 mark, at 5003, up 85 points from the previous close.

The US market closed around days high, The Dow jones closed at 10258.99, up by 284.54 points, Nasdaq closed at 2277.68, up by 81.80 points, S&P500 closed at 1103.06, up by 35.11 points from the previous close.

The Asian market are trading with positive note.

Today's market may open at higher levels on the back of Strong global cues as the US market closed at day's high & Asian markets are trading at higher. In Nifty 5075 and 5115 may react as a resistance, while down side it may take support around 4950-4970. Traders are suggested to buy at declines. BANKING and AUTO STOCKS are expected to attract major buying interest. Heavy weight like Reliance Industries to breakout of the range for market strength, till than market may move in range bound. Metals and Banking stocks looking good for short to medium term.

Stock for Watch:

Bank of Baroda: Above 720 if sustain then can touch 735-740 in near term.

Jyothy Lab: Buy around 194-196 with sl below 187 for tgt 225-235 in short term.

ITC: If sustain above 275 then can touch 285-290 in short term.

Expiry Day!!!

Yesterday on the back of strong global cues Indian market after a good pull back rally closed near days high, SENSEX closed at 16387, up 365 points and Nifty at 4917, up 110 points from the previous close.

The US market closed in Negative, The Dow jones closed at 9974.45, down by 69.30 points, Nasdaq closed at 2195.88, down by 15.07 points, S&P 500 closed at 1067.95, down by 6.08 points from the previous close.

The Asian market trading in negative.

It's expiry day today so market may move highly volatile with high turnover, In today's session Nifty may face resistance around 4965-4980 levels, Traders are suggested to trade cautiously but more importantly, trade wise!

Keep eye on Steel sector.

Buy on dips: Hindalco, Sesagoa, ITC, Fortis Hospital.

Start accumulating.........

Worries of Europe led heavy sell off in Indian market, The SENSEX and NIFTY briefly broke

the psychological level of 16000 and 4800, respectively, for the first time since February 2010. After a heavy correction market closed in negative terrain, Sensex closed at 16022, down 447 points, and Nifty at 4806, down 137 points from the previous close.

The US market recovered in late trade and the Asian markets are trading higher.

In today's session if Nifty sustain below 4775 level might be touch 4680 level. 4850 and 4890 are major resistance levels in NIFTY. Our View is same to start accumulating good stocks at lower levels.

Avoid getting too carried away....

Friday after an extremely volatile session market start with negative bios but covered most of loses in the final hour of the trade and closed with marginal losses. SENSEX closed at 16445, down 74 points and Nifty at 4931, down 16 points from the previous close.

US market closed in positive zone, The Dow jones closed at 10193.39, up by 125.38, Nasdaq closed at 2229.04, up by 25.03 points, S&P 500 closed at 1087.69, up by 16.10 points from its previous close.

Asian markets are trading mixed.

In today's session, 5080 may act as a hurdle for NIFTY, while 4830 might be good support level. However, traders are suggested to follow the strategy of selling at gains as long as nifty is trading below 5011. FMCG and OIL-GAS STOCKS may attract buying while REALITY may again appear weak. Avoid getting too carried away by the sudden swings in the market and wait a while longer for the Eurozone dost to settle.

Time for Investment....... ???

Yesterday Indian Indices traded with a positive start but Selling pressure at higher levels made the session extremely volatile. Oil & Gas, Health Care and PSU attract buying in session. Finally market closed in positive zone, Sensex closed at 16519, up 111 points and NIFTY at 4947, up 27 points from the previous close.

The US market closed in negative zone, The Dow jones closed at 10068, down by 376.36, Nasdaq ended at 2204.01, down by 94.36 points, S&P 500 closed at 1071.59, down by 43.46 points from the previous close.

The Asian markets are trading in Red.

In today's session a gap-down opening expected on the back of weak global cues. If Nifty Sustain above 4970 level it may attract buying for tgt 5010-5020, heavy selling pressure expected at this range. Trading below 4925 may drag NIFTY to 4865 and 4833 levels. PSU-BANKING STOCKS along with IT may attract buying while METALS and REALITY may appear weak. The near term trend for the next few trading sessions will be driven by the derivatives settlement coming up next week.

Traders can watch Hero honda, Ongc, Pirhealth, Sbin for trading.

Investors are suggested to accumulate good Large & Midcap stocks for Investment at lower levels.

Stock to accumulate in Lower range (Sensex 16k-16.4k range):

Large caps: ICICI BANK, IDBI, TATA STEEL, UNITED PHOSPHOROUS.

Midcaps: Dhanlaxmi Bank, Karnataka Bank, Camlin ltd., KEI Inds.

Long positions in heavyweights should be avoided for now....

Yesterday after a gap-down opening Weak global cues from European market lead to further selling pressure in Indian indices. NIFTY closed below 200 DMA. All sectoral indices closed in red with SENSEX closed at 16408, down 467 points and Nifty at 4919, down 146 points from the previous close.

The US market closed in Negative zone. The Dow jones closed at 10444.37, down by 66.58 points while Nasdaq closed at 2298.37, down by 18.89 points, S&P 500 closed at 1115.05, down by 5.75 points from its previous close.

The Asian markets are trading in Red.

In today's session it would be hard for nifty to move above 5000, traders are suggested to sell at gains. NIFTY is expected to test 4865 AND 4830 levels. Long positions in heavyweights should be avoided. PHARMA and IT STOCKS may show some strength while BANKING and METALS may face sell off.

Keep watch on Tata power, ABB, Hero honda.

Approach the market with caution....

It was yet another volatile trading session for the market yesterday. In a choppy session Indian market traded both above and below the dotted line finally closed flattish with marginal gains.

SENSEX CLOSED at 16875, up 40 points and NIFTY at 5066, up 6 points from the previous close.

The US market closed in Red on the back of Technology, Commodity, and financial stocks. The Dow jones closed at 10510.95, down by 114.88 points, Nasdaq closed at 2317.26, down by 36.97 points and the S&P500 closed at 1120.80, down by 16.14 points from its previous close.

The Asian market are trading in Negative.

In today's session nifty may trade in the range 5010-5115. 4987 is 200 DMA for nifty it is crucial support for nifty. Breaching of levels either side may decide the trend. Traders are

suggested to follow the strategy of selling at gains as long as NIFTY is trading below 5115. METALS may show further weakness while BANKING and IT- stocks may attract buying. Traders would be well advised to approach the market with caution.

Stock for Watch:

DRREDDY: Stock trying to breakout if it cross 1321-1323 with volume and sustain above it, then it could be touch 1375-1400 in near term. Buy above this level with sl below 1295.

Expected Bullish Stocks: FEDRAL BANK, GABRIEL INDIA LTD., IGL, KALYANI STEEL, BANK OF RAJASTHAN.

Educomp looking oversold in charts can give 2-4% up move any time traders can keep close eye on it.

Avoid fresh long positions below 5095.....

Yesterday after a gap-down opening Indian indices covered most of loses in the later part of the session, and in all a choppy trading session ended at negative note. SENSEX closed at 16835, down 159 points and Nifty at 5059, down 33points from the previous close. There is buying interest seen in last trading hours of yesterday session. Investors bought position near support levels.

The US markets closed in positive terrain. The Dow jones closed up marginally 0.05% from its previous close. Meanwhile, the Nasdaq and S&P 500 closed higher by 0.3% and 0.1% respectively. The Asian markets are trading mixed.

Today Nifty may face resistance around 5180-95 levels. Trading below 5040 may attract more selling pressure; still 4960-80 is a good support zone. Traders are suggested to avoid fresh longs as long as nifty is trading below 5095

Don't be a compulsive trader....

On last trading session market closed in Negative terrain on the back of global cues, today also expected lower opening of market because of weak global markets.

For Day traders 5000-5140 is the range, and 4950-4960 is a strong support zone. Keep watch on levels. Weak closing in the previous session indicates selling pressure at every gain. Traders are suggested to follow the strategy of selling at gains. Don't be a compulsive trader.

CANBK, SUNTV looking good traders keep watch.

Highly Volatile market,,, Be Cautious !!!

Nifty is taking resistance around 5220 and not able to close above 5200 that is it's psychological resistance level. Yesterday Indian market traded positive with good buying in real estate , banking and energy stock, But at final hour profit booking in market led Indices near day's low and finally Sensex closed at 17265.87 up 70 points from the previous close while the NIFTY closed at 5178.90, 22 points up from the previous close.

The US market closed in red zone, The Dow jones closed at 10782.95, down by 113.96 points, Nasdaq closed at 2394.36, down by 30.66 points & S&P 500 closed at 1157.44, down by 14.23 points, from its previous close.

The Asian markets are trading in Negative terrain.

Risk ratio conitnues to remain high as the global markets have not yet returned to stability the markets are thus expected to remain volatile with wild swings on either side. Nothing much change in Levels, Nifty trading in narrow range between 5120 to 5220, Nifty R1 is 5200, R2 5240, & S1 5120, S2 5080. (R= Resistance, S=Support)

Stock for watch:

Bharti Airtel: Looking weak on charts might touch 240-230 in near term, and if sustain below 230 then we don't know where the stock can go. But those who believe in the story of telecom & Fundamental of Bharti can start buying on dips with strict sl below 230, stock can touch 275-290 in near term. It's not a call It's only a View

Buy LIC housing at 980-984 with sl below 970 for tgt 1010.

M&M can touch 580-590 in near term.

Traders can also watch Godrej Consumer Product & PFC for quick gain.

Market's Anxiety levels remain high.....

After a positive opening weak IIP numbers put pressure on Indian indices, and after a volatile session market ended at positive note. Sensex closed at 17195, up 54 points and Nifty at 5156, up 20 points from the previous close.

Market closed in positive but The market breadth closed negative with advances at 515 against declines of 754 on the NSE.

The US market closed in Positive terrain, The Dow jones closed at 10896.91, up by 148.65 points, Nasdaq closed at 2425.02, up by 49.71 points and S&P 500 closed at 1171.67, up by 15.88 points from its previous close.

The Asian market trade in positive.

Today we expect positive opening on the back of Positive Global cues.

Indian Indices are still in fear of global economy, for now Nifty may take resistance around 5180-5220 levels, and at down side support levels are 5120-5080. Traders are suggested to trade with discipline. PHARMA STOCKS and BANKING STOCKS may trade positive while STEEL SECTOR may remain weak.

Stock for watch:

JUBLIANT ORGANOSYS LTD.: Buy around 359-365 sl below 349 for tgt 410 in short term.

High Rsik players can Buy Axis bank around 1285-1290 with sl below 1270 for tgt 1320-1335 in near term.

Expected Bullish Stocks: Blue star ltd., Bajaj Auto, Cadila health care.

Trade with movement.....

Indian indices faced profit booking after a good rally & because of weak global cues, selling pressure through out the day and finally closed around day's low, Sensex closed at 17141, down 189 points and Nifty at 5136, down 57 points from the previous close.

The US markets are closed in negative on the back of fall in commodity stocks, The Dow jones closed at 10748.26, down by 36.88 points, while S&P 500 closed at 1155.79, down by 3.94 points, however the Nasdaq closed marginally up by 064 points from its previous closed.

The Asian markets are trading mixed.

In the next session NIFTY may find support around 5040 and 5080 and Resistance at upper side around 5180-5220, expected to consolidate in the range 5040-5220.Traders are suggested to buy at dips. Fresh long position may be taken as long as NIFTY is sustaining above 200 DMA (4950) .METALS and BANKING May face selling in the next session while energy stocks may trade positive.

IIP numbers, to be announced during trading hours today, could provide some cues for Indian Indices and there could be increased force, specifically in capital goods and the infrastructure.

Stock for watch:

HOTELLEELA: Buy above 52.70 if cross with volume can touch 58-60 in near term.

ABB: Buy in 3 lots CMP 685 buy more on dips 670-650 with sl 638 can touch 730-745.

HCL TECHNOLOGY: Looking weak on charts can touch 375 in near term.

Watch EKC above 137.

FACT can touch 63 in near term.

PIRAMAL HEALTH CARE looking weak on charts.

Fear gone or not ???

Yesterday was a good day of trade! The Indian Indices had a pullback rally & finally Closed near day's high, with most strong cues from Europe. Sensex closed at 17348, up 579 points (provisional) and Nifty at 5202, up 184 points (provisional) from the previous close.

The US market closed at higher on the back of EU's bailout plan. The Dow jones closed at 10785.14, up by 404.71 points, while Nasdaq closed at 2374.67, up by 109.03 points and S&P 500 closed at 1159.73, up by 48.85 points from it's previous close.

The Asian markets are trading mixed.

Today market may open higher as global cues remain supportive.

Now market seems little confusing. Be cautious, traders are suggested to book profit at higher levels and wait for dip for fresh buying. 5265 & 5290 may act as strong resistance levels and 5140-5110 are support levels.

Banking and energy stocks are expected to trade positive.

Traders can watch M&M and FIEM INDUSTRIES.

4946-4950 level to watch for Nifty....

Friday on the back of weak Global cues we saw Indian Indices Gap down opening, and impact of the Supreme Court verdict in the RIL-RNRL gas row had put further selling pressure. Finally Indian market closed with big loses, SENSEX closed at 16769, down 218 points and NIFTY at 5018, down 72 points from the previous CLOSE.

US markets closed in negative terrain, The Dow jones closed at 10380, down by 139.89 points, while Nasdaq closed at 2265.64, down by 54 points & S&P 500 closed at 1110.88, down by 17.27 points from its previous close.

Asian markets are trading positive on news of an European bailout of $570 bn available for emergency lending.

Now 4946-4950 (which is 61.8% retracment & 200 DMA) may act as a strong support for Nifty, below this level it might be difficult to sustain next support 4916, and at upper side 5050 and 5140 may act as strong resistance level in any pull back rally. Traders are suggested to avoid fresh buying and follow selling at gains strategy as long as nifty is trading below 5140.

Greed factor finish the Top & Fear factor makes the Bottom....

Yesterday Under the weak global cues Indian Indices traded in Red thorough out the day, however managed to cover some of it’s loses in the final hour pull back. METALS and CAPITAL GOODS STOCKS faced maximum sell off.

SENSEX closed at 16987, down 100 points and NIFTY at 5090, down 34 points from the previous close.

US market fall the most in a year on the back of continuing Greece concerns and potential erroneous transactions. The Dow jones fell 3.2% from its previous close (Dow Jones drops 700 points in 15 minutes and recovers 600 points in next few minutes.*Shocked* ). Even the Nasdaq and the S&P 500 down by 3.4% and 3.2% respectively.

The Asian markets are trading in the negative territory.

Indian Indices may open lower today on the back of Global cues.

Now Nifty's Immediate support around 5040-5020 and long term support around 4946-4950 (4946 is 61.8 retracment level & 4950 is 200 DMA), traders are suggested keep a close watch around these levels and start accumulating good quality stocks. At upper side Resistance are 5140-5190, Traders & Investors should generate cash on every rise, market looking like beginning of bear face, the view could go wrong if Nifty bounces back above 5200 and close above it, which is not fit in present scenario.

The RIL-RNRL case is expected to remain in focus ahead of the court decision.

Keep in mind the bottoms are made from fear and not the Greed factor which is yet to be seen.

Traders can look for Banking stocks for quick gains.

Yes Bank buy on dips.

Traders can watch CIPLA, SUNPHARMA, & ZYLOG for buying.

CAIRN INDIA and ABB looking weak on charts.

Sugar sector saying from last two posts, Yesterday sugar sector given 3-4% up move in down market. :)

Short term correction is good for long term.......

Yesterday after a gape down opening Indian market recovered some of its loses in the final hour of the session. SENSEX closed at 17087, down 49 points and Nifty at 5124, down 23 points from the previous close.

Nifty gave a pullback from the day's low in last hour, as we said that Nifty will take support around 5040-5050 that is 50% retracment level.

We had given Buy call on Nifty at lower level with 5140 tgt and it almost achieved the target.

US market closed in negative terrain, The Dow jones closed at 10868.12, down by 58.65 points, while Nasdaq closed at 2402.29, down by 21.96 points & S&P 500 closed at 1165.87, down by 7.73 points from its previous close.

The Asian market trading in Red.

Today market may open lower on the back of Greek.

View are same, In today's session Nifty may face resistance around 5160 if sustain above 5160-65 then it can touch 5190. Support is same around 5050-5040. Traders are suggested do not take leverage position on either side.

Banking and IT sector looking positive, One can Buy midcap Banking stocks & PSU banks on dips or according to trend.

UCO BANK, DENA BANK, VIJAYA BANK, IDBI one can buy on dips.

PATNI COMPUTERS & HCL TECH buy on dips.

SUGAR sector can give bounce up to 3-5%.

Yesterday call: HEXAWARE, HDFC BANK, HCLTECH did well also dont forget NIFTY CALL :).

Correction good for Buy ???

As we said in our earlier posts (Day before yesterday) Avoid fresh long positions below 5250...

& in yesterday post Maintain levels... (Nifty if traded below 5195-5190 might indicate weakness. ) and nifty down by approx. 60 points after broken 5190 level.

Yesterday The market had a flattish day until selling emerged in the second half of the session and pulled it down. Sensex closed at 17,137, down 248 points from the previous close. Nifty closed at 5148, down 74 points. Metal & Real estate showed selling pressure in yesterday market.

The US markets closed in the red on the back of fears the Greece crisis could spread. The Dow jones closed down 2% from its previous close. Even the Nasdaq and the S&P 500 closed down by 3% and 2.4% respectively.

The Asian markets are trading weak.

In today's session market may open negative on back the of Global cues , 5200 and 5240 may act as strong resistance level for Nifty while 5109 & 5085 are support levels for Nifty. If Nifty trading below this level it can touch 5040 that is 50.0% retracement level of Nifty. If traded below this level Nifty may attract heavy selling pressure and can touch it’s 61.8% retracement level at 4946.

Traders are suggested to sell at gains as long as Nifty is trading below 5240. Pharma and Oil sector may attract buying while Metal and Reality may attract selling pressure at every gain.

High risk traders can Buy Nifty around 5090 and more on dips 5050 with sl 5035 for tgt 5140-5160.

Stock for watch:

Hexaware: Stock can touch 90-95 in near term.

HCL TECHNOLOGY can touch 410+ in near term.

HDFC BANK looking weak on charts.

Keep watch on SUGAR SECTOR looking over sold, can bounce 5-10% any time, But remember "It's always dangerous to catch Falling Knife".

Maintain levels...

Yesterday Indian Indices traded under selling pressure throughout the day. METALS, CAPITAL GOODS and POWER sector STOCKS faced major sell off. PHARMACEUTICALS and AUTO STOCKS maintained some strength in the market.

SENSEX closed at 17388, down 169 points and NIFTY at 5225, down 52 points from the previous close.

The US markets closed in the positive following strong economic data. The Dow jones closed up 1.3% from its previous close. The Nasdaq and the S&P 500 ended higher by 2% and 1.3% respectively.

The Asian markets are trading mixed.

Market may open positive on the back of strong global cues.

Today Nifty if traded below 5195-5190 might indicate weakness. 5155-5090 may act as support levels while 5265-5290 are strong resistance levels.

No Stock ideas. Live calls on msnger.

Avoid fresh long positions below 5250...

On Friday after a range bound session market closed in positive, Sensex closed at 17558, up 55

points and Nifty at 5278, up 23 points from the previous close.

The US markets closed to their lowest since January. The Dow jones closed down 1.4% from its previous close. Even the Nasdaq and the S&P 500 ended up 2% and 1.7% respectively.

The Asian markets are trading mixed.

Today market may open lower on the back of negative global cues.

In today's session NIFTY may attract selling pressure if traded below 5250; it may get good support at 5160 and 5125. NIFTY is facing strong resistance at 5290. Traders are suggested to avoid fresh long positions below 5250.

Stock for watch:

INDIABULLS FIN. SER. LTD.: Buy around 151-155 for tgt 168-175 in near term.

JHS SVEND. LAB. LTD (JHS): Buy at 60 & 63 with sl below 55 for tgt 68-72 in near term.

Ashok Leyland Ltd. can touch 67-69 in near term.

Also watch Tata Motor & HDFC BANK for quick move.