5280 level to watch.....

Because of Technical Problem ( Fade up with RELIANCE BROADBAND :( Services ) , their was no update from past 2 days.

Yesterday Because of positive global cues and Buying in Banking & Reality market closed in green. SENSEX closed at 17503, up 123 points and Nifty is at 5254, up 38 points from the previous close.

The US markets closed on a positive note. The Dow jones closed at 11167.32, up by 122.05 points, The Nasdaq closed at 2511.92, up by 40.19 points, while S&P 500 closed up by 15.42 points at 1206.78.

Asian markets are trading at positive.

On today market may open higher on the back of strong global cues.

Now 5280 may act as a Strong Resistance level in Nifty. 5195 and 5155 may act as good support

levels. Traders are suggested to trade with these levels.

If NIFTY crossed 5280 with volumes it may again test 5335-5345 levels.

Stock for watch:

LIC HOUSING FINANCE LTD: Buy around 940-942 for tgt 972-990 in near term.

NAGARJUNA CONSTRN CO.LT.: Buy abv 188.2 add more on dips around 185-184 with sl 182 for tgt 195-198.

ANDHRA BANK: Buy around 124-126 with sl below 118 for tgt 139-145.

Expected Volatile Week!!!

Indian Indices not sustaining at higher levels, On last session 5335 acted as Strong resistance Level.

Indices, after a positive opening traded in a small range. SENSEX closed at 17745, up 51 points and Nifty is at 5322, up 18 points from the previous close.

The US markets closed flattish. The Dow jones closed up 0.01% from its previous close. Nasdaq and S&P ended down 0.3% and 0.4% respectively.

The Asian Markets are trading in the Red.

Today we expect market may open flat or negative, Nifty trade range for now is 5290-5355, 5335-5353 strong Resistance trader can buy on dips stop loss of 5285. Being F&O expiry week market is expected to remain volatile.

Stock for Watch:

MLL can touch 67 in near term Buy with sl 58.

Sunpharma chart showing weak.

Banking sector good for buy in dips.

Previous call:

ADANIENT. achieved tgt 575.

Stay Long...

Indian market continued with volatility and maximum buying over CAPITAL GOODS, BANKING and ENERGY STOCKS, while METALS, AUTO and PHARMACEUTICALS STOCKS FACE selling pressure.

SENSEX closed at 17694, up 120 points and Nifty at 5304, up 34 points from the previous close.

The US market has closed in the green on Friday. The Dow jones closed up by 68.99 points at 11204.28, The Nasdaq ended at 2530.15, Up by 11.08 points, while The S&P 500 closed at 1217.28, up by 8.6 points.

The Asian market trading at higher range for the first time in three days.

Traders are suggested to stay long 5225 levels. On Up side if Nifty sustain above 5335 then it may find new highs.

Stock for watch:

Keep eye on ICICI Bank, SBIN, Reliance, HDFC, Aartidrugs.

Not Sustaining at higher levels!!!

As we told in our yesterday post that market to attract buying at lower level, and after a negative opening we seen buying at lower levels and market goes high, But in last trading hour a sudden sale off because of Greece deficit.

SENSEX closed at 17573, up 101 points and Nifty at 5269, up 24 points from the previous close.

The US market have closed in Positive terrain. Dow jones closed at 11134.29, Up by 9.37 points, Nasdaq closed at 2519.07, Up by 14.46 points, while S&P500 closed at 1208.67, up by 2.73 points from its previous close.

Asian markets are trading mixed, Nikkei has edged lower on financial stocks. Taiwan is up on chipmaker stocks.

Market is not sustaining at higher levels, if sustain then it will show fresh trend. Levels are same as 5190-5200 are support levels, and 5325-5335-5353 are Resistance levels.

Stock for watch:

State Bank: Buy SBIN around 2200-2225 with sl 2154 for tgt 2300+ in near term.

5290-5185 trading range for Nifty....

In our previous close we told that Nifty may face selling pressure around 5255-5265, and we seen profit booking at these levels. After a good start, profit booking at higher led Indian Indices to close almost flat.

SENSEX closed at 17472, up 11 points and Nifty at 5244, up 14 points from the previous close.

The US market also closed flat, The Dow jones closed. Dow ended up 0.1% while Nasdaq was up 0.2% from the previous close.

Asian market is down.

In today's session we expect market to attract buying at lower levels. Now trading range for nifty is around 5290-5185. 5290-5300 strong resistance zone while 5185 is good support zone for Nifty, If it crosses these range then it will show clear direction.

Stock for Watch:

HARRISON MALAYALAM LTD: Buy around 147-151 with sl below 143 for tgt 160-170.

GEOMETRIC LIMITED: Buy around 78-80 with sl below 75 for tgt 95-100.

Also watch:

Indian hotel above 110 can touch 118-120 in near term.

JINDAL SOUTH WEST HOLDING above 1975.

BIRLA CORP if sustain abv 424-425 then stock may blast.

GODREJ IND. above 171 for quick gain.

Previous calls:

Bajaj Auto Fin. achieved its all tgt in single session.

PAREKH ALUM LTD. achieved tgt.

GESHIP book partial profit.

ADANI ENTERPRISES. book partial profit and hold for tgt.

KALYANI STEEL achieved its all tgt.

AARTI DRUG hold.

Follow the Strategy!!!

RBI Policy kept Indian market to trade in positive Yesterday,Indian Market closed in the positive terrain, The Sensex closed at 17460.58, up by 59.90 points from its previous clos. Nifty ended at 5230.10 levels up by 26.45 points.

The US market have closed in positive territory, The Dow jones closed at 11117.06, higher by 25.01 points, The Nasdaq closed at 2500.31, higher by 20.20 points, while S&P500 closed at 1207.17, up by 9.65 points.

The Asian markets are trading with Positive Sign.

Today we expect Nifty may face selling pressure at higher levels around 5255-5265. These levels might act as a Strong resistance levels, While around 5155 & 5125 levels may act as a Strong Support.

Traders are suggested to follow the strategy of selling at gains as long as NIFTY is trading below 5290-5300.

Stock for Watch:

ADANI ENTERPRIESES LTD.: Buy if cross & sustain above 529 for tgt 575-600.

AARTI DRUGS LTD: Buy around 116-118 with sl 112 for tgt 126-130 in short term.

BAJAJ AUTO FINANCE LTD.: Buy around 383-385 for tgt 400+ with sl 373

BGR ENERGY can touch 590-600 in near term.

GABRIEL INDIA LTD. can touch 54+

Also watch GRUH FINANCE LTD.

No Update Today

Due to Technical problem, No update today... Live calls will be given as it is.

5180 Strong support,,,,

It was a bad week for our market, after nine sessions of positive trade market ended below the 20DMA for the second day on Friday. Opinion is divided among experts about market trend now being weak.

On Yesterday Indian market closed in negative terrain. SENSEX closed at 17591, down 48 points, and nifty at 5262, down 11 points from the previous close.

The US market have closed in the Negative territory, Dow jones closed at 11018.66, down by 125.91 points, Nasdaq closed at 2481.26, down by 34.43 points, S&P 500 closed at 1192.13, down by 19.54 points from its previous close.

The Asian Markets in Negative zone. So we expect a Negative opening in Market.

This week is the RBI credit policy (on Tuesday) and many feel market direction will be clear once results season is over. As we said in our earlier post that Nifty has a small support around 5245, and market not sustained below this level. Our view is same on Nifty if it sustain below 5245 then It can touch 5200-5180. and this 5180 is a very strong support for Nifty. While upper side resistance around 5290-5325-5335.

Traders are suggested to follow the levels. AUTO and BANKING SECTOR may face selling pressure in today's trading session.

Stock for watch:

GESHIP: Buy around 320-325 with sl below 307 for tgt 370+

PAREKH ALUM LTD.: Buy around 168-170 with sl below 159 for tgt 195+

5200 will come ???

5290 broken now next 5200, Yesterday we told in our post that Bullish traders are suggested to be cautious, and we seen a positive opening and despite of positive opening Indian market face selling pressure at higher levels mainly in Banking and Oil sector as we suggest that Banking sector may face selling pressure. And Finally Indian market closed in Negative note.

SENSEX closed at 17639, down by 182 points and Nifty at 5273, down by 49 points from the previous close.

US market closed positive, Dow jones closed at 11144.57, up by 21.46 points, Nasdaq closed up by 10.83 at 2515.69, S&P 500 closed at 1211.67 up by 1.02 points from its previous close.

Asian market in Negative zone, Indian market may open lower on the back of Asian market weakness.

IT and Reality sector shown strength in yesterday market.

Psychological level of Nifty 5290 has broken so now we can see Nifty can touch 5200 in near term. 5335 level now act as a resistance and 5245 a small support if it break then we will see 5200-5190.

We may see some buying in Reality sector and Banking still looking weak.

Stock for Watch:

Divis Lab: Buy with sl below 690 for tgt 775-800 in near term.

In Bearish trend:Gail, Hero Honda, Lt, ICICI Bank Looking weak on chart.

In Positive trend:Trader can watch Unitech, DLF, TAJGVK and Godrej consumer product.

Same levels,, Trade with cautious...

On last trading session Weak global cues and selling pressure over Banking & Finance sector led Indian market to trade in Negative with marginal loses. Sensex closed at 17821, down by 31 points and Nifty at 5322, down by 16 points from the previous close.

The US markets closed higher, The Dow jones closed at 11123.11, up by 103.69 points, The Nasdaq closed at 2504.86, up 38.87 points from its previous close. The S&P 500 ended above 1200 for the first time september 2008.

The Asian markets are trading in positive terrain.

We may expect market opening at higher on the back of strong globel cues.

Levels are same as we mentioned in our earlier post 5290 is a very crucial level for Nifty, If Nifty traded below this level huge selling pressure will come, Nifty may touch 5200-5190. Bullish traders are suggested to be cautious while creating long position if Nifty trade below 5290. On upper side Nifty will face 5390-5400.

Banking & Finance sectors may face selling pressure in today's session.

Stock for Watch:

Ankur drug & Pharma ltd., chart showing brkout can touch 230-240 levels in near term.

BATA India ltd.: Buy around 255-260 with sl below 249 for tgt 275-280.

Century Textiles: Looking good buy for tgt 570 in near term.

HELIOS & MATHINFTECH LTD.: Buy for tgt 60.

Also keep watch: HEXAWARE, KPIT CUMMINS INFO, NATCO Pharma.

Ride the Momentum...

Immense Caution while Riding the momentum, In Yesterday session Indian market faced volatility with profit booking and closed with losses. As we said in our earlier post Nifty has support around 5335-5325 and yesterday we have seen bounce around this level twice.

SENSEX closed at 17853,down by 80 points and Nifty at 5339, down by 22 points from the previous close.

The US market closed in Positive zone, The Dow jones closed above 11000 for the first time since september 2008. Meanwhile, the Nasdaq and the S&P 50 closed up 3.8% and 2.1% respectively from their previous close.

The Asian markets are trading mixed.

For todays session we expected Nifty trade in range between 5290-5390. Trader are suggested trade with levels.

Steel & Reality stocks can show buying interest.

Stock for Watch:

KALYANI STEELS LTD:

Buy around 248-253 with sl below 234 for tgt 275+

Be Cautious !!!

On last trading session Buying in Banking, Auto and Capital goods stocks led Indian indices to trade positive through out the day.

The US market has closed in green on friday,The Dow jones closed at 10997.35, Up by 70.28 points, The Nasdaq ended at 2454.05, Up by 17.24 points, The S&P 500 closed at 1194.37, Up by 7.93 points from its previous close.

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

The Sensex ended at 17933.14, Up by 218.74 points, The Nifty closed at 5361.75, Up by 57.30 points from its previous close.

Some result season will commence soon, So market should be attention on that.

Nifty has Strong Resistance Zone around 5390-5405, Selling pressure is expected in this range. Traders suggested to book profit at higher levels or keep strict stop losses. While Nifty has support around 5335-5325 levels, If Nifty break this support level with volume then it might touch 5290-5275 levels.

Stock for Watch:

AMAR RAJA BA: Stock can touch 195-200 in near term.

ALKALI: Chart Showing tgt 145 and if crosses 146.-147 with volume then it will touch 160 in near term.

ADHUNIK MET: Resistance aroung 133 level If Cross this level with volume then Stock may Blast.

ACC LTD.: High Risk Buy around 955-957 with sl 949 for tgt 975-980.

Petronet: Looking good on chart it can touch 90+ in near term, Buy call given at 83 level.

Also watch: BHEL, Blue Star, Brand House, Cairn, CESC ltd., Havells,

Trade Disciplined !!!

In Previous post we mentioned that time to profit booking and Yesterday Indian market show weakness supported by weak global cues and selling pressure over Banking, Metal sectors & Profit booking at higher levels led Indian market down.

Sensex closed at 17714, down 255 points and Nifty at 5304, down 70 points from the previous close.

The US markets have closed in Positive territory. Dow ended up 0.3%, While NAsdaq was up 0.2% from the previous close.

The Asian markets are trading mixed. Nikkei has edged higher on retail stocks. Kospi is rangebound while Taiwan has clocked gains on the back of chipmakers and Financials stocks.

Nifty has support around 5250 and Resistance around 5350-5360,If Nifty trade below 5250 then it may face further sell off.

In Oil & Gas sectors we may see a short recovery.

Stock for Watch:

Trader may go long with following stocks-

JAICORP, DLF, IBREALEST, GAIL

Bearish trend Stocks-

HINDALCO, SAIL, ICICIBANK, LT.

Time to Profit booking ???

Sensex crossed 18000 after 25 months, But faced profit booking & finally closed with marginal gains. So traders can book profit at higher levels or Keep strict Sl.

Sensex closed at 17970 up by 28 points, Nifty closted at 5374 up by 8 points from the previous close.

The Asian markets have retreated for the first time in the last six days. Nikkei has slipped while Kospi has edged lower on the back of technology and auto stocks.

The US markets have closed in the negative territory. Dow ended down 0.7% while Nasdaq slipped 0.2% from the previous close.

Inflation data are due for announcement today and could impact today's trading session. Overall the market breath is positive, so traders may follow the strategy of buying at dips.

For today Nifty face resistance around 5410 & support around 5320. Cement sector may attract buying in today's session.

Stock to watch:

IRB INFRA DEV LTD. (IRB): Showing breakout in charts Buy on dips to 284-286 with sl below 278 for tgt 300-305.

APOLLO TYRES LTD. (APOLLOTYRE): Buy around 80-81 with sl below 78 for tgt 88-90 in near term.

NMDC: Buy above 312 with sl below 305 for tgt 320-325+

Also watch:

Grasim, Dishman pharma, The India Cement, Prism Cement.

Don't be Too Greedy !!!

Even though one is one the right side of the trend and one should ride the trend one should not get too greedy and book profit at pre-decided target levels.

Yesterday Indian market traded almost flat, Sensex closed at 17941 up by 5 points & Nifty closed at 5366 down by 2 points from the previous close. The market breadth was positive with

advances at 730 against declines of 553 on the NSE.

The Asian markets are trading mixed for the second day. Nikkei is flat, while Taiwan has edged higer for the third day.

The US markets have closed mixed. Dow down by 0.03% while Nasdaq was up 0.3%.

Today we expect that Nifty will trade in range of 5315-5420. Trader can buy Nifty in dip with stop of 5315 as we said in our earlier post that if Nifty cross 5335 then it will touch 5450-5600.

The ability of market will depend on Q4 results and CRR news.

Trader can Do that Ride the momentum stocks but keep taking profits at regular intervals to avoid trapped on wrong side.

Stock for Watch:

Essar ship

Buy around 90-91 with sl 84 for tgt 110-120. (Minor Resistance at 96)

Mahindra Ugine steel co.

Buy around 71-72 sl below 69 for tgt 78-85

PFC:

Buy around 269-270 sl below 266 for tgt 280-285

Buy Mundra Life style ltd. around 42-43 with sl 38 for tgt 50-52.

Also watch stocks with positive trend- ICICI BANK, MLL, FEDREAL BANK, JINDAL SOUTH WEST HOLD, VIDEOCON

Chennai Petro Looking Weak on Chart.

Previous calls:

Andhra Bank Achieved all tgt.

Greaves Cotton achieved its tgt.