Stocks on Dalal Street look to recover from losses incurred on Tuesday. Expect a flat to negative opening in the first hour of trade. It is getting tough for the indices to move higher from the current levels, as it is getting hard to find buyers at the current levels. Nifty could not keep the 5,300 level for more than a day, and is looking weak unless we see a convincing move up and a close above the 5,300 level.
We have witnessed sudden spurt in selling activity towards the end of the day, especially in the final hour. Realty stocks were surprise winners with DLF Ltd and MSK Projects remaining big winners in this space. Tata Motors was another heavy weight that showed promise in a falling market on news of the company planning a price hike of its cars and successful conversion of debt.
BAG Films, Geojit Paribas and Hindustan Copper were some of the stocks that looked strong even in a weak market. Overall, a dull day of trade is in the offing, with possibility of a slight correction.
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Wednesday, March 31, 2010
Tuesday, March 30, 2010
Indices to scale to new highs
Bullish momentum is likely to continue on D-Street as there seems to be no stopping for the bulls in Mumbai.Expect the benchmark index or the Sensex to gain more than 50 points or so, to break the key technical level of 17,750.00 and the Nifty is sitting pretty strong above the 5,300 level
Toll road operator IL&FS Transportation Networks is expected to list on the bourses today. The company whose shares were priced at Rs 258 might command a premium of nearly 30 percent. Analysts expect the stock to hover around Rs 290 to Rs 300 level, we peg the traget of the stocks at Rs 330 or so.Other stocks in the sector like Noida Toll and IRB Infra might see some sctivity on the eve of the listing.
Heidelberg Cement is one stock that is looking technically strong after gaining more than 10 percent on volume of 7 million shares. We see the stock scaling to new highs soon. Spectacle Ind, Pipavav Shipyard were among other stocks that looked good from a traders perspective. Ankur Drugs, Clutch Auto, Sterling Bio and Noida Toll are some of the stocks to watch out in today's trade
Toll road operator IL&FS Transportation Networks is expected to list on the bourses today. The company whose shares were priced at Rs 258 might command a premium of nearly 30 percent. Analysts expect the stock to hover around Rs 290 to Rs 300 level, we peg the traget of the stocks at Rs 330 or so.Other stocks in the sector like Noida Toll and IRB Infra might see some sctivity on the eve of the listing.
Heidelberg Cement is one stock that is looking technically strong after gaining more than 10 percent on volume of 7 million shares. We see the stock scaling to new highs soon. Spectacle Ind, Pipavav Shipyard were among other stocks that looked good from a traders perspective. Ankur Drugs, Clutch Auto, Sterling Bio and Noida Toll are some of the stocks to watch out in today's trade
Monday, March 29, 2010
Listless market looks for direction
WEEKLY ITECHNICAL ANALYSIS FOR NIFTY:
WEEKLY STOCHASTIC RISING UP. SIMILARLY WEEKLY W%R HAS BOUNCED UP FROM JUST SHORT OF THE LOWER ZONE AND CROSSED THE NEUTRAL LEVEL. THESE ARE EXTREMELY BULLISH INDICATIONS. MORE IMPORTANTLY THESE INDICATORS HAVE GENERATED HIDDEN DIVERGENCES WITH NIFTY MAKING HIGHER LOWS FROM JULY 09 TILL MARCH 2010 WHERE AS THE INDICATORS MAKING LOWER LOWS, CLEARLY DEPICTING CONTINUANCE OF THE UP TREND INDICATED BY NIFTY. WEEKLY RSI IS GRADUALLY INCHING UP & NOW ABOVE 56 AT 62 AFTER GENERATING
SIMILAR HIDDEN DIVERGENCE. TREND INDICATOR THE WEEKLY ADX HAS GENERATED STRONG BULLISH SIGNALS WITH POSTIVE DMI AT 25 ABOVE BOTH ADX AT 22 & NEGATIVE DMI AT 19. WITH BOTH ADX AS WELL AS POSITIVEVE DMI TURNING UPWARDS AT THESE LEVELS, CLEARLY INDICATES A LONG TERM UP MOVE OF MANY MORE WEEKS.
IN CONCLUSION: NIFTY RUN IN LINE WITH INTERNATIONAL MARKET, ALL WORLDS IS SUPER OVER BOUGHT POSITION AND NOW NEED TO SEE WHAT INTERNATIONAL BASED OPERATOR HOW PLAY THEIR CARDS. IF A CORRECTION COMES THEN ITS HEALTHY FOR MARKETS, AS NIFTY IS EXTREEMLY OVERBOUGHT IN DAILY CHARTS. WE ADVICE THAT STAY AWAY FROM ANY FRESH BUYING AND DON’T SEE GLOOMY PICTURE –!!
1. NIFTY RESISTANCE – 5307 – 5311 – 5345 – 5362 - 5395
2. NIFTY SUPPORT – 5262 – 5245 – 5205 – 5180 - 5160
Investors in Dalal Street are growing impatient with the growing uncertainty in the predicting the direction of the indices.Expect the benchmark index or the Sensex to trade in a band of 50 to 80 points, as it has been the case for the past month or so.
Auto and Banking stocks led the gainers list on Friday, as there was some fund buying in select counters to prop up the fund NAV's.Tata Motors, M&M and ICICI Bank were among the select gainers among the largecap stocks. Midcap stocks like Valecha Eng, Finolex Ind, Murli Ind and Aegis Logistics were among the major gainers. We Himdari Chemicals. in which Bain Capital has taken a significant stake few months ago has seen a good beark out and has gained by 15 percent to Rs 483.00. We expect the stock to double in the next 12 months.
We advice investors to have minimum exposure to the markets at the current levels. All indicators point to heated market at the current levels. It is a good idea to trim your holdings, if you are heavily invested in the markets. Traders who could take some risk could take short term positions in Jayshree Tea, Sabero organics and Micro Technologies
WEEKLY STOCHASTIC RISING UP. SIMILARLY WEEKLY W%R HAS BOUNCED UP FROM JUST SHORT OF THE LOWER ZONE AND CROSSED THE NEUTRAL LEVEL. THESE ARE EXTREMELY BULLISH INDICATIONS. MORE IMPORTANTLY THESE INDICATORS HAVE GENERATED HIDDEN DIVERGENCES WITH NIFTY MAKING HIGHER LOWS FROM JULY 09 TILL MARCH 2010 WHERE AS THE INDICATORS MAKING LOWER LOWS, CLEARLY DEPICTING CONTINUANCE OF THE UP TREND INDICATED BY NIFTY. WEEKLY RSI IS GRADUALLY INCHING UP & NOW ABOVE 56 AT 62 AFTER GENERATING
SIMILAR HIDDEN DIVERGENCE. TREND INDICATOR THE WEEKLY ADX HAS GENERATED STRONG BULLISH SIGNALS WITH POSTIVE DMI AT 25 ABOVE BOTH ADX AT 22 & NEGATIVE DMI AT 19. WITH BOTH ADX AS WELL AS POSITIVEVE DMI TURNING UPWARDS AT THESE LEVELS, CLEARLY INDICATES A LONG TERM UP MOVE OF MANY MORE WEEKS.
IN CONCLUSION: NIFTY RUN IN LINE WITH INTERNATIONAL MARKET, ALL WORLDS IS SUPER OVER BOUGHT POSITION AND NOW NEED TO SEE WHAT INTERNATIONAL BASED OPERATOR HOW PLAY THEIR CARDS. IF A CORRECTION COMES THEN ITS HEALTHY FOR MARKETS, AS NIFTY IS EXTREEMLY OVERBOUGHT IN DAILY CHARTS. WE ADVICE THAT STAY AWAY FROM ANY FRESH BUYING AND DON’T SEE GLOOMY PICTURE –!!
1. NIFTY RESISTANCE – 5307 – 5311 – 5345 – 5362 - 5395
2. NIFTY SUPPORT – 5262 – 5245 – 5205 – 5180 - 5160
Investors in Dalal Street are growing impatient with the growing uncertainty in the predicting the direction of the indices.Expect the benchmark index or the Sensex to trade in a band of 50 to 80 points, as it has been the case for the past month or so.
Auto and Banking stocks led the gainers list on Friday, as there was some fund buying in select counters to prop up the fund NAV's.Tata Motors, M&M and ICICI Bank were among the select gainers among the largecap stocks. Midcap stocks like Valecha Eng, Finolex Ind, Murli Ind and Aegis Logistics were among the major gainers. We Himdari Chemicals. in which Bain Capital has taken a significant stake few months ago has seen a good beark out and has gained by 15 percent to Rs 483.00. We expect the stock to double in the next 12 months.
We advice investors to have minimum exposure to the markets at the current levels. All indicators point to heated market at the current levels. It is a good idea to trim your holdings, if you are heavily invested in the markets. Traders who could take some risk could take short term positions in Jayshree Tea, Sabero organics and Micro Technologies
Friday, March 26, 2010
Investors wait for fresh triggers before taking stock
Stocks on Dalal Street might trade within a narrow band, as there is less clarity for the investors to make bets on either side. Expect the benchmark index or the Sensex to trade within a band of 60 to 70 points for the day
There was a dramatic recovery in trade towards the end of the day, yesterday. Most of the action was due to the manipulation ahead of the Futures expiry. Healthcare and Consumer Goods were the two sectors that were responsible for the up move.
Investors are cautious in the current markets as the there are no new triggers. The good news that came in the form of low interest rates for extended period, while fresh woes regarding Greek debt problems tempered the bullish sentiment.
We have seen a great deal of activity in the Midcap Pharma space. It looks like the passage of Healthcare reform has had a positive impact on Mid and Smallcap firms. We are of the opinion that the spike we have seen is not warranted for, and it is a great idea to book profits in these stocks.Ajanta Pharma, Panacea Biotech, Syncom Healthcare and Piramal Life were up in a big way. Piramal Life which is in to Research has nothing to do with this, but has been gaining for the past few days
There was a dramatic recovery in trade towards the end of the day, yesterday. Most of the action was due to the manipulation ahead of the Futures expiry. Healthcare and Consumer Goods were the two sectors that were responsible for the up move.
Investors are cautious in the current markets as the there are no new triggers. The good news that came in the form of low interest rates for extended period, while fresh woes regarding Greek debt problems tempered the bullish sentiment.
We have seen a great deal of activity in the Midcap Pharma space. It looks like the passage of Healthcare reform has had a positive impact on Mid and Smallcap firms. We are of the opinion that the spike we have seen is not warranted for, and it is a great idea to book profits in these stocks.Ajanta Pharma, Panacea Biotech, Syncom Healthcare and Piramal Life were up in a big way. Piramal Life which is in to Research has nothing to do with this, but has been gaining for the past few days
Thursday, March 25, 2010
F&O expiry to influence the Indices
NIFTY STARTS MAKING DOWNWARD SLOPS... NIFTY BIG RESISTANCE AT 5255 – !! NIFTY NEEDED CORRECTION –!!
NOVIS AND UN-MATURED TRADER OR CHINDI CHOR ANALYST + CALL PROVIDER SAY…
1. “MY FOOT – CORRECTION” OR,
2. WHAT IS CORRECTION ???
MY ANSWER ALWAYS AS – “CORRECTION IS CORRECTION AND IT’S NEEDED IN TECHNICAL TERMS…” SO WAIT FOR A GOOD AMMOUNT OF FALLING CORRECTION OR SIDEWAYS CORRECTION.”
BEING TODAY IS LAST DAY OF MARCH SETTLEMENT, SO OPERATOR AND FII BOTH TRY TO MANAGE NIFTY AT THEIR OWN LVLS COZ THIS MONTH THEY BUILD – UP HUGE POSITION IN CASH - FUTURES AND OPTIONS.
TODAY EVENING WE GET CLEAR ROLL OVER POSITION – THAT HELPS US TO VIEW CLEARER PICTURE ABOUT MARKET FUTURE.
BE CAUTION ON BUYINGS… BUY ONLY THOSE SAHARES WHICH IS FALLING IN LAST FEW DAYS AND IN THOSE SHARES WHERE CORRECTION IS COMPLETED.
1. NIFTY RESISTANCE – 5255
2. NIFTY SUPPORT - 5177
Indian markets are likely to flat on the last day of F&O expiry. Expect the benchmark index or the Sensex to trade in a band of 50 points for the day. Negative cues from the global markets might not impact the indices on D-Street, as stocks in Mumbai did not take part in the global upmove yesterday, as they were closed on Wednesday.
Oil stocks were active on Tuesday led by ONGC and Reliance. we might see some consolidation in this space following a fall in Oil prices.Oil prices settled below $81 after the data pointed to a larger-than-expected jump in U.S. crude inventories last week.
Midcap Pharma and related stocks were active and were the top gainers on Tuesday. Piramal Life, RPG Life and Suven Pharma are worth mentioning in this space. Telecom stocks like Shyam Tele and Aksh Optifibre led the gainers list.
One of our favorites, Tata Elxsi which broke the techincal level of Rs 300 last week witnessed strong buying interest helping the stock gain 8 percent to RSs337.Short term investors could look at taking positions in Emco Ltd, Sabero Organics and Micro Technologies for some decent gains
NOVIS AND UN-MATURED TRADER OR CHINDI CHOR ANALYST + CALL PROVIDER SAY…
1. “MY FOOT – CORRECTION” OR,
2. WHAT IS CORRECTION ???
MY ANSWER ALWAYS AS – “CORRECTION IS CORRECTION AND IT’S NEEDED IN TECHNICAL TERMS…” SO WAIT FOR A GOOD AMMOUNT OF FALLING CORRECTION OR SIDEWAYS CORRECTION.”
BEING TODAY IS LAST DAY OF MARCH SETTLEMENT, SO OPERATOR AND FII BOTH TRY TO MANAGE NIFTY AT THEIR OWN LVLS COZ THIS MONTH THEY BUILD – UP HUGE POSITION IN CASH - FUTURES AND OPTIONS.
TODAY EVENING WE GET CLEAR ROLL OVER POSITION – THAT HELPS US TO VIEW CLEARER PICTURE ABOUT MARKET FUTURE.
BE CAUTION ON BUYINGS… BUY ONLY THOSE SAHARES WHICH IS FALLING IN LAST FEW DAYS AND IN THOSE SHARES WHERE CORRECTION IS COMPLETED.
1. NIFTY RESISTANCE – 5255
2. NIFTY SUPPORT - 5177
Indian markets are likely to flat on the last day of F&O expiry. Expect the benchmark index or the Sensex to trade in a band of 50 points for the day. Negative cues from the global markets might not impact the indices on D-Street, as stocks in Mumbai did not take part in the global upmove yesterday, as they were closed on Wednesday.
Oil stocks were active on Tuesday led by ONGC and Reliance. we might see some consolidation in this space following a fall in Oil prices.Oil prices settled below $81 after the data pointed to a larger-than-expected jump in U.S. crude inventories last week.
Midcap Pharma and related stocks were active and were the top gainers on Tuesday. Piramal Life, RPG Life and Suven Pharma are worth mentioning in this space. Telecom stocks like Shyam Tele and Aksh Optifibre led the gainers list.
One of our favorites, Tata Elxsi which broke the techincal level of Rs 300 last week witnessed strong buying interest helping the stock gain 8 percent to RSs337.Short term investors could look at taking positions in Emco Ltd, Sabero Organics and Micro Technologies for some decent gains
Tuesday, March 23, 2010
Things look up, after a day of correction
WE USE OUR “WATER-LVL” TOOLS AS “BRAHMASTRA” – NIFTY YESTERDAY BREACHED WATER-LVL BUT CLOSED AT THE SAME POINT (5205) WHERE WATER-LVL AND NIFTY CLOSING CROSSING EACH OTHER. ANY CLOSING BELOW 5205 IS REALLY LIKE PUT BUTTER IN BURNING FIRE.
AS THIS IS LAST MONTH / WEEK OF FINANCIAL YEAR – SO I SEAT IN SAILENT MODE AND WAIT FOR MORE CLEAR DIRECTION. I AM CARRYING “HEDGE” POSITION WHERE FEW GOOD STOCKS ARE IN BUYING MODE AND FEW INDICIES ARE SHORT
Stocks look to bounce back on D-Street after a decent correction on Modnay. Expect the benchmark index or the Sensex to give up more than 0.5 percent or 100 points for the day.There might be some select buying in quality largecap stocks as funds have been lately abondoning Midcap stocks
Realty and Metal stocks were hit hard yesterday with both the sectoral indices gaining 4 and 2 percent respectively. One could see continued weakness in Realty in the near term, but Metals sector might recover in the near future.
Among the Midcaps, Syncom Healthcare stood out gaining more than 12 percent at RS 123as speculators bid the stock up. There is no doubt in our mind, that the stock is not worth more than Rs 80 and not more. Other movers include, Suven Life, KEI Ind, Lyka Labs and Man Infra, which gained more than 5 percent for the day.
We are of the opinion that one should stay away from the markets even today. The market is going to open up and move higher today. Do not expect sky rocketing gains, as there might be selling coming in at higher levels. Engineers India Ltd. Solar Ind, Emco Ltd and Cholamandalam DBS are some of the stocks to keep on your radar.
AS THIS IS LAST MONTH / WEEK OF FINANCIAL YEAR – SO I SEAT IN SAILENT MODE AND WAIT FOR MORE CLEAR DIRECTION. I AM CARRYING “HEDGE” POSITION WHERE FEW GOOD STOCKS ARE IN BUYING MODE AND FEW INDICIES ARE SHORT
Stocks look to bounce back on D-Street after a decent correction on Modnay. Expect the benchmark index or the Sensex to give up more than 0.5 percent or 100 points for the day.There might be some select buying in quality largecap stocks as funds have been lately abondoning Midcap stocks
Realty and Metal stocks were hit hard yesterday with both the sectoral indices gaining 4 and 2 percent respectively. One could see continued weakness in Realty in the near term, but Metals sector might recover in the near future.
Among the Midcaps, Syncom Healthcare stood out gaining more than 12 percent at RS 123as speculators bid the stock up. There is no doubt in our mind, that the stock is not worth more than Rs 80 and not more. Other movers include, Suven Life, KEI Ind, Lyka Labs and Man Infra, which gained more than 5 percent for the day.
We are of the opinion that one should stay away from the markets even today. The market is going to open up and move higher today. Do not expect sky rocketing gains, as there might be selling coming in at higher levels. Engineers India Ltd. Solar Ind, Emco Ltd and Cholamandalam DBS are some of the stocks to keep on your radar.
Monday, March 22, 2010
Bears might get a chance to make some noise on D-Street
Bears might finally get a chance to make some noise on Monday, after the RBI announced a 25 basis point hike in reverse repo rate suggesting that we might be nearing a point we might be near to a interest rate hike. Expect the benchmark index or the Sensex to give up one percent or more than 150 points for the day.
Telecom and Banking stocks were active on Friday,led by moves in Bharti Airtel, Idea Cellular and Reliance Comm. While Banking pack was strengthened by gains in PNB and SBI.Auto's might be the favorite sector for the bears as RBI's move to suck the liquidity in the system might impact vehicle sales. Stay away from Tata Motors, M&M and Hero Honda. Banking is another space that might see some profit booking in the short term.
Coming to the Midcaps, our call on MSK projects was on target with the stock hitting a 20 percent upper circuit on Friday. Another favorite of ours, Jubilant Food works added 17 percent to finish at Rs 344. We recommend booking profits in this stock at current levels.we do not want to blow our own horn, but S Kumars Nationwide, which was mentioned positively yesterday moved up by 19 percent to Rs 64. It is not a bad ides to trim your holdings at this price. Unfortunately, We do not have any picks for today, as we believe that Bulls need a break now, and let Bears play for a day
Telecom and Banking stocks were active on Friday,led by moves in Bharti Airtel, Idea Cellular and Reliance Comm. While Banking pack was strengthened by gains in PNB and SBI.Auto's might be the favorite sector for the bears as RBI's move to suck the liquidity in the system might impact vehicle sales. Stay away from Tata Motors, M&M and Hero Honda. Banking is another space that might see some profit booking in the short term.
Coming to the Midcaps, our call on MSK projects was on target with the stock hitting a 20 percent upper circuit on Friday. Another favorite of ours, Jubilant Food works added 17 percent to finish at Rs 344. We recommend booking profits in this stock at current levels.we do not want to blow our own horn, but S Kumars Nationwide, which was mentioned positively yesterday moved up by 19 percent to Rs 64. It is not a bad ides to trim your holdings at this price. Unfortunately, We do not have any picks for today, as we believe that Bulls need a break now, and let Bears play for a day
Friday, March 19, 2010
Market to end flat, action to be stock specific
Green seems to be the favorite color for the investors on Dalal Street as the market has refused to close in red for the past few days. We Expect another day of flat trade with some stock specific action. We see the Sensex trading in a band of 100 points for the day
AS WE SAID YESTERDAY THAT NIFTY AFTER OPEN – FACE SELLING PRESSURES OR PAUSE – SAME THING HAPPEN !!
NIFTY OPEN IN-LINE OF ASIAN MARKET AT 5232 AND SOON CLIMB-UP AT 5255 AND THEN SELLING PRESSURE STARTS IN NIFTY. ON THURSDAY NIFTY TAKEN SUPPORTS AT WEDNESDAYS LOW I.E., NIFTY FUTURE AT 5221 (NIFTY CASH AT 5214).
THE MAIN THING SEEN IN NIFTY THAT NIFTY NOT BREACHED OR TOUCHED WEDNESDAYS HIGH AT 5177 BUT TAKEN SUPPORT AT WEDNESDAYS LOW.
IT SEEMS THAT THE BULL LOBBY IS STRONG BECAUSE THEY HANDLE ALL SELLING PRESSURE AT 5220, ON THURSDAY WHEN NIFTY REACHED THIS LVL - BULL'S PICKED NIFTY BY GIVING SUPPORT TO BANKING SHARES AND THERE LAST WEAPON , NOT OTHER THEN - RELIANCE IND !!
OTHER THEN THIS, THERE IS NO CHANGE ON CHARTS AS PER OUR YESTERDAYS ANALYSIS. SO READ AGAIN THURSDAY’S DETAILED ANALYSIS…
SAME LVL'S WORKS, SO READ NIFTY LVLS ON OUR NEWS LETTER DATED 16TH MARCH, 2010
It was the turn of Banking sector yesterday with the sectoral index gaining more than 0.6 percent. Technology was another sector that looked good.ICICI Bank and Axis Bank were among top gainers in the Nifty 50 stocks. Idea cellular was the top gainer with a gain of more than 4.7 percent on huge volumes.
Skumars Nationwide is one stock that is looking terrific even after gaining 12 percent yesterday. The stock gained after the news hit the wires that the company is looking to raise $150 million by listing its subsidiary Reid & Taylor.Piramal life and Tyre stocks like CEAT and TVS Srichakra are other gainers.
The stock of MSK projects is likely to shoot up after Welspun group announced plans to buy 75 percent stake in the company for Rs 400 Crores. We see the stock to Cross Rs 200 from the current level of Rs 128.Watch out for select Infra stocks to shoot up on this news. Traders who have taken position in Dalmia Cement could exit the stocks on a gain of 5 to 10 percent today, as the stock might gain on the demerger news. Also book profits in Jayswal Neco after a 2 to 3 percent move today at Rs 38 level
AS WE SAID YESTERDAY THAT NIFTY AFTER OPEN – FACE SELLING PRESSURES OR PAUSE – SAME THING HAPPEN !!
NIFTY OPEN IN-LINE OF ASIAN MARKET AT 5232 AND SOON CLIMB-UP AT 5255 AND THEN SELLING PRESSURE STARTS IN NIFTY. ON THURSDAY NIFTY TAKEN SUPPORTS AT WEDNESDAYS LOW I.E., NIFTY FUTURE AT 5221 (NIFTY CASH AT 5214).
THE MAIN THING SEEN IN NIFTY THAT NIFTY NOT BREACHED OR TOUCHED WEDNESDAYS HIGH AT 5177 BUT TAKEN SUPPORT AT WEDNESDAYS LOW.
IT SEEMS THAT THE BULL LOBBY IS STRONG BECAUSE THEY HANDLE ALL SELLING PRESSURE AT 5220, ON THURSDAY WHEN NIFTY REACHED THIS LVL - BULL'S PICKED NIFTY BY GIVING SUPPORT TO BANKING SHARES AND THERE LAST WEAPON , NOT OTHER THEN - RELIANCE IND !!
OTHER THEN THIS, THERE IS NO CHANGE ON CHARTS AS PER OUR YESTERDAYS ANALYSIS. SO READ AGAIN THURSDAY’S DETAILED ANALYSIS…
SAME LVL'S WORKS, SO READ NIFTY LVLS ON OUR NEWS LETTER DATED 16TH MARCH, 2010
It was the turn of Banking sector yesterday with the sectoral index gaining more than 0.6 percent. Technology was another sector that looked good.ICICI Bank and Axis Bank were among top gainers in the Nifty 50 stocks. Idea cellular was the top gainer with a gain of more than 4.7 percent on huge volumes.
Skumars Nationwide is one stock that is looking terrific even after gaining 12 percent yesterday. The stock gained after the news hit the wires that the company is looking to raise $150 million by listing its subsidiary Reid & Taylor.Piramal life and Tyre stocks like CEAT and TVS Srichakra are other gainers.
The stock of MSK projects is likely to shoot up after Welspun group announced plans to buy 75 percent stake in the company for Rs 400 Crores. We see the stock to Cross Rs 200 from the current level of Rs 128.Watch out for select Infra stocks to shoot up on this news. Traders who have taken position in Dalmia Cement could exit the stocks on a gain of 5 to 10 percent today, as the stock might gain on the demerger news. Also book profits in Jayswal Neco after a 2 to 3 percent move today at Rs 38 level
Thursday, March 18, 2010
Markets to continue their winning streak, but gains might be limited
NOW ON THURSADAY, MARKET OPEN UP WITH IN LINE OF OTHER ASIAN MARKET, BECAUSE LAST 2 – 3 DAYE NIFTY GAIN HANDSOME GAIN SO NIFTY MIGHT GO FOR PAUSE OR SOME PROFIT BOOKING AFTER GAP-UP OPEN
Stocks on Dalal Street are likely to trade in positive territory and might keep their uptrend in tact. expect the benchmark index or the Sensex to gain nearly 50 to 80 points for the day. Most of the action will be limited to stock specific stories.
PSU stocks rocked the street on Wednesday after being mum for most part of the week. The PSU sectoral index gained more than 2 percent led by gains in Hindustan Copper, STC India and Dredging Corp which registered gains ranging from 15 to 18 percent. Healthcare is another space that looked good.
ARSS Infra, Tulsi Extrusions, Shasun Chemicals and Man Infra are some of the stocks in the Midcap space that looked strong in yesterday's trade. Tata Elxsi is one stock that is looking for a fresh break out after crossing the Rs 300 mark. Engineers India, Vakrangee Software and Jayswal Neco look interesting from a short term perspective
Stocks on Dalal Street are likely to trade in positive territory and might keep their uptrend in tact. expect the benchmark index or the Sensex to gain nearly 50 to 80 points for the day. Most of the action will be limited to stock specific stories.
PSU stocks rocked the street on Wednesday after being mum for most part of the week. The PSU sectoral index gained more than 2 percent led by gains in Hindustan Copper, STC India and Dredging Corp which registered gains ranging from 15 to 18 percent. Healthcare is another space that looked good.
ARSS Infra, Tulsi Extrusions, Shasun Chemicals and Man Infra are some of the stocks in the Midcap space that looked strong in yesterday's trade. Tata Elxsi is one stock that is looking for a fresh break out after crossing the Rs 300 mark. Engineers India, Vakrangee Software and Jayswal Neco look interesting from a short term perspective
Wednesday, March 17, 2010
Indices to maintain bullish momentum
Stocks on Dalal Street are likely to open higher following a late rally in equities on Tuesday. Expect the benchmark index or the Sensex to gain over 0.5 percent or nearly 100 points for the day. The indices have finally made a decisive move yesterday and are technically looking strong at current levels
Asian stocks made a good start to the day this morning following positive cues from the U.S markets. The Japanese benchmark Nikkei gained 0.6 percent, while Australia's ASX 200 and the Chinese markets managed to gain over 0.5 percent for the day.
Reliance Ind, was clearly the star of the day yesterday, as the stock inched higher by 4 percent breaking the key resistance levels at Rs 1068. Metals and Oil sector were major beneficiaries in yesterday trade and the trend is likely to continue in to today's trade.Concentrate on Metals and some select realty stocks.
Apollo Tyres and Jai Corp were two stocks that looked active and technically strong yesterday.Ruchi Infra, Insecticides India and JK Tyres are among the stocks that put impressive show. We recommend investors to hold on Trasport Corp for further gains. We like Polaris Software from a very short term perspective, while Dalmia Cements could be a surprise winner
Asian stocks made a good start to the day this morning following positive cues from the U.S markets. The Japanese benchmark Nikkei gained 0.6 percent, while Australia's ASX 200 and the Chinese markets managed to gain over 0.5 percent for the day.
Reliance Ind, was clearly the star of the day yesterday, as the stock inched higher by 4 percent breaking the key resistance levels at Rs 1068. Metals and Oil sector were major beneficiaries in yesterday trade and the trend is likely to continue in to today's trade.Concentrate on Metals and some select realty stocks.
Apollo Tyres and Jai Corp were two stocks that looked active and technically strong yesterday.Ruchi Infra, Insecticides India and JK Tyres are among the stocks that put impressive show. We recommend investors to hold on Trasport Corp for further gains. We like Polaris Software from a very short term perspective, while Dalmia Cements could be a surprise winner
Tuesday, March 16, 2010
Indices stuck in a narrow band
Trading in Indian markets has become a boring routine now a days, as the stock indices have hovered around the same level for the past 5 sessions. Expect the benchmark index to trade in a band of 50 points. There is lot of negative sentiment in the market, but this is being negated by market manipulation by funds with long positions
The enthusiasm in the market is dying down every day with the volumes taking a hit due to the lack of interest in equities. This is being prompted by directionless indices and little or not triggers to take index to the next level. we have seen a dramatic turn around in the markets in latter half of the day on some index manipulation by players who have taken bullish futures positions
Our Pre-market review pick Transport Corporation has gained to more than 19 percent giving handy gains to traders. We see the stock hitting Rs 125 level in the next 2-3 days. Texmo Pipes and Jayswal Neco were other stock that looked active yesterday. We see Thomas Cook and Rain Commodities giving decent returns to short term traders in the coming session
The enthusiasm in the market is dying down every day with the volumes taking a hit due to the lack of interest in equities. This is being prompted by directionless indices and little or not triggers to take index to the next level. we have seen a dramatic turn around in the markets in latter half of the day on some index manipulation by players who have taken bullish futures positions
Our Pre-market review pick Transport Corporation has gained to more than 19 percent giving handy gains to traders. We see the stock hitting Rs 125 level in the next 2-3 days. Texmo Pipes and Jayswal Neco were other stock that looked active yesterday. We see Thomas Cook and Rain Commodities giving decent returns to short term traders in the coming session
Monday, March 15, 2010
Indices face stiff resistance at current levels
Market are likely to be indecisive on the first trading day of the week, with a negative bias. Expect the benchmark index or the Sensex to trade in a narrow band, as it has been the case in the last 3 trading sessions. Most of the action is likely to be in the speculative scrips as funds are wary to commit to new purchases at the current levels
Commodities is one space that is looking attractive trading play, even in a dull market like these, while Realty and Consumer Goods saw some profit booking. Oil and Gas releated plays like Ciarn India and Chennai petro were active on Friday. Fortis Health, one of our favorite stocks moved up following hospital acquisition in Singapore.
Among the Midcap space, Hangung Toys Ltd (Rs164, mentioned on our Thursday premarket review) looks really strong with room for an appreciation of Rs 40 or a target of Rs 200.For traders, Goldstone Infra and Shivam Autotech are two stocks that look attractive for people willing to game and assume heavy risk.Transport Corporation and Indowind Energy, might be interesting short term plays.Overall a lacklustre day of trading with a negative bias.
Commodities is one space that is looking attractive trading play, even in a dull market like these, while Realty and Consumer Goods saw some profit booking. Oil and Gas releated plays like Ciarn India and Chennai petro were active on Friday. Fortis Health, one of our favorite stocks moved up following hospital acquisition in Singapore.
Among the Midcap space, Hangung Toys Ltd (Rs164, mentioned on our Thursday premarket review) looks really strong with room for an appreciation of Rs 40 or a target of Rs 200.For traders, Goldstone Infra and Shivam Autotech are two stocks that look attractive for people willing to game and assume heavy risk.Transport Corporation and Indowind Energy, might be interesting short term plays.Overall a lacklustre day of trading with a negative bias.
Friday, March 12, 2010
Markets to stay range bound, Speculative activity to continue
Bull rally is likely to extend for one more day, as investors as Bulls are unlikely to give up their hold on the markets. expect a gain of 50 to 100 points on the benchmark index or the Sensex on the last trading day if the week.Midcaps will continue to dominate the scene as there are not triggers in the near term and investors will continue to look for new opportunities
Yesterday's gains in the Sensex could be attributed to some decent gains in IT and Technology related stocks, whose sectoral indices gained by more than one percent for the day.Wipro, Infosys and TCS helped the IT index and the Nifty. Bharti Airtel and Sterlite Ind were other heavy weights that contributed the gains in the Sensex.
Select Midcap stocks were in limelight inspite of the fall in the Midcap index and this trend is likely to continue going forward.New listing Man Infra finished off the day higher by 37 percent and there was lot of interest in the stock as reflected by the heavy volume in this stock. Another recent listing Syncom Healthcare gained 10 percent on strong operator activity and we see no value in this company.
As expected Texmo Pipes is close to the Rs 150 mark and offer no upside from the current levels. Core Project is another stock, that has seen string operator activity. Triveni Eng, MoserBaer India, Phillips Carbon are some the stocks that are worth watching from an intra day perspective
Yesterday's gains in the Sensex could be attributed to some decent gains in IT and Technology related stocks, whose sectoral indices gained by more than one percent for the day.Wipro, Infosys and TCS helped the IT index and the Nifty. Bharti Airtel and Sterlite Ind were other heavy weights that contributed the gains in the Sensex.
Select Midcap stocks were in limelight inspite of the fall in the Midcap index and this trend is likely to continue going forward.New listing Man Infra finished off the day higher by 37 percent and there was lot of interest in the stock as reflected by the heavy volume in this stock. Another recent listing Syncom Healthcare gained 10 percent on strong operator activity and we see no value in this company.
As expected Texmo Pipes is close to the Rs 150 mark and offer no upside from the current levels. Core Project is another stock, that has seen string operator activity. Triveni Eng, MoserBaer India, Phillips Carbon are some the stocks that are worth watching from an intra day perspective
Thursday, March 11, 2010
Trade Stock Specific,Midcaps on hot seat
Indian markets might open flat on global cues on Thursday morning, after coming off from highs of the day yesterday. Expect the benchmark index or Sensex to trade in range bound today. Midcap space is getting heated up. Although we have not seen a broad based move in Midcaps. There is very hight interest in select stocks.
Oil & Gas and FMCG stocks led the gainers yesterday with help from gains in ITC, ACC Ltd and Reliance Ind. While Technology, Banking and Realty stocks took a breather. The new listing Texmo pipes surged more than 54 percent on its first day and finished at Rs 138.60. We might see amove of another 10 bucks are so in this stock. We advice investors to stay away from this stock, as the company is overvalued at current levels, while traders can try their hand from an intraday perspective.
Our Pick (recommended to our subscribers at Rs 60) Man Ind vaulted more than 15 percent to finish at rs 77. The scrip might face some profit booking. Speculative stocks like Crew Bos and Global Vectra were very active in yesterday's dealings and it is not bad idea to keep distance from these scrips.Zylog Systems is one stock that stood out after upbeat comments from the CEO on acquistion in Canada. The stock spurted by 14 percent on huge volumes.
After Man Ind, we have come up with pick in Renewable Energy space that might give returns of more than 20 percent in the coming week. We like Nagarjuna Fert, IFCI and Hanung Toys from a 5-7 day perspective. Overall a good day for the bulls for especially the second and third rung stocks
Oil & Gas and FMCG stocks led the gainers yesterday with help from gains in ITC, ACC Ltd and Reliance Ind. While Technology, Banking and Realty stocks took a breather. The new listing Texmo pipes surged more than 54 percent on its first day and finished at Rs 138.60. We might see amove of another 10 bucks are so in this stock. We advice investors to stay away from this stock, as the company is overvalued at current levels, while traders can try their hand from an intraday perspective.
Our Pick (recommended to our subscribers at Rs 60) Man Ind vaulted more than 15 percent to finish at rs 77. The scrip might face some profit booking. Speculative stocks like Crew Bos and Global Vectra were very active in yesterday's dealings and it is not bad idea to keep distance from these scrips.Zylog Systems is one stock that stood out after upbeat comments from the CEO on acquistion in Canada. The stock spurted by 14 percent on huge volumes.
After Man Ind, we have come up with pick in Renewable Energy space that might give returns of more than 20 percent in the coming week. We like Nagarjuna Fert, IFCI and Hanung Toys from a 5-7 day perspective. Overall a good day for the bulls for especially the second and third rung stocks
Wednesday, March 10, 2010
Markets to trade in a narrow band
Major indices in Mumbai might coninue to stay in a narrow band for most of the day, as investors are wary of taking bets at higher levels and are undecided about the direction of the market going foward. Expect the benchmark index or the Sensex to trade in aband of 50 points for the day
We have witnessed some profit booking in Metals and PSU stocks with the sectoral indices losing nearly 1.5 percent each. Hindalco and Tata Steel pushed the Metals sector lower, while NMDC was the main culprit for the fall in PSU stocks, after the government has decided to fix the price band of the FPO between Rs 300 and Rs 350Tata Motors was another casualty among the index stocks giving up nearly 4 percent on the news that Auto major Daimler will offload its 5.3 percent stake in the company at a discount to the current market price.
Hanung Toys and Jubilant Foodworks led the gainers list and are looking relatively strong when compared to the other Midcap stocks. Prithvi Info has seen speculative activity and strong operator activity is not ruled out. We like Hangung Toys at Rs 156 level, as we believe that the company is fundamentally strong and fresh break out might suggest further upside after some consolidation at the current level of Rs 158. We see a target of Rs 200 in this stock, if the market maintains its momentum
We have witnessed some profit booking in Metals and PSU stocks with the sectoral indices losing nearly 1.5 percent each. Hindalco and Tata Steel pushed the Metals sector lower, while NMDC was the main culprit for the fall in PSU stocks, after the government has decided to fix the price band of the FPO between Rs 300 and Rs 350Tata Motors was another casualty among the index stocks giving up nearly 4 percent on the news that Auto major Daimler will offload its 5.3 percent stake in the company at a discount to the current market price.
Hanung Toys and Jubilant Foodworks led the gainers list and are looking relatively strong when compared to the other Midcap stocks. Prithvi Info has seen speculative activity and strong operator activity is not ruled out. We like Hangung Toys at Rs 156 level, as we believe that the company is fundamentally strong and fresh break out might suggest further upside after some consolidation at the current level of Rs 158. We see a target of Rs 200 in this stock, if the market maintains its momentum
Tuesday, March 9, 2010
Major indices to consolidate, Midcaps to shine
Nifty levels send by sms trade in fixes zone
Stocks on D-Street are likely to consolidate after a decent rally in the past 5 sessions. Expect the benchmark index or the Sensex to hover around the 17,000 mark for some time before making a decisive move. The global cues have been neutral and we at IndiaBears.com are of the opinion that this has set perfect platform for the Midcaps to shine in the next two trading sessions
Realty took a breather and was the only sector in red yesterday as investors booked profits in this sector after gains of over 5 percent in the last week.Auto and Banking stocks stole the show, led by Mahindra and Hero Honda, which gained 4 and 3 percent respectively. Banking was another space that looked explosive yesterday. Cement stock played catch up with ACC Ltd and Ambuja Cement garnering handy gains.
The market lacks triggers and there is no news on both sides to move the market. Midcaps is the space short term traders should look to. We might see some fireworks from this space today.Third rung stocks like Raj Television, Ajmera Realty and Global Vectra were among the high fliers. Mahindra Forgings continued to rise after M&M increased stake in the company at Rs 135 level.
We like Shipping stocks and investor should look at GE Shipping while it is worth taking an intra day position in Mercator Lines RS 60.75 might give a pleasant surprise to the upside. Mercator is my pick for the day today.Stay away from third rung counters and take some short term position sin quality Midcaps.
8 Shorts calls for Viewers
1. SHORT VOLTAS CMP 169 SL 173 TGT 165 / 162
2. SHORT UNION BANK CMP 270 / SL 275 / TGT 266 / 264
3. SHORT UCO BANK CMP 60 / SL 61.20 / TGT 59 / 58 /57
4. SHORT TITAN CMP 1810 / SL 1834 / TGT 1790 / 1780 /1770
5. SHORT PTC CMP 115 / 117 / 113 / 111
6. SHORT IDBI CMP 123.50 / SL 126 / TGT 120.20 / 118
7. SHORT BHEL CMP 2431 / SL 2451 / TGT 2411 / 2404 / 2394
8. SHORT CROMPTON GREVES CMP 443 / SL 448 / TGT 439 / 437
Stocks on D-Street are likely to consolidate after a decent rally in the past 5 sessions. Expect the benchmark index or the Sensex to hover around the 17,000 mark for some time before making a decisive move. The global cues have been neutral and we at IndiaBears.com are of the opinion that this has set perfect platform for the Midcaps to shine in the next two trading sessions
Realty took a breather and was the only sector in red yesterday as investors booked profits in this sector after gains of over 5 percent in the last week.Auto and Banking stocks stole the show, led by Mahindra and Hero Honda, which gained 4 and 3 percent respectively. Banking was another space that looked explosive yesterday. Cement stock played catch up with ACC Ltd and Ambuja Cement garnering handy gains.
The market lacks triggers and there is no news on both sides to move the market. Midcaps is the space short term traders should look to. We might see some fireworks from this space today.Third rung stocks like Raj Television, Ajmera Realty and Global Vectra were among the high fliers. Mahindra Forgings continued to rise after M&M increased stake in the company at Rs 135 level.
We like Shipping stocks and investor should look at GE Shipping while it is worth taking an intra day position in Mercator Lines RS 60.75 might give a pleasant surprise to the upside. Mercator is my pick for the day today.Stay away from third rung counters and take some short term position sin quality Midcaps.
8 Shorts calls for Viewers
1. SHORT VOLTAS CMP 169 SL 173 TGT 165 / 162
2. SHORT UNION BANK CMP 270 / SL 275 / TGT 266 / 264
3. SHORT UCO BANK CMP 60 / SL 61.20 / TGT 59 / 58 /57
4. SHORT TITAN CMP 1810 / SL 1834 / TGT 1790 / 1780 /1770
5. SHORT PTC CMP 115 / 117 / 113 / 111
6. SHORT IDBI CMP 123.50 / SL 126 / TGT 120.20 / 118
7. SHORT BHEL CMP 2431 / SL 2451 / TGT 2411 / 2404 / 2394
8. SHORT CROMPTON GREVES CMP 443 / SL 448 / TGT 439 / 437
Monday, March 8, 2010
NIFTY WEEKLY ANALYSIS FOR WEEK ENDING 12 MARCH, 2010
WEEKLY INDICATORS:
ON WEEKLY CHARTS, THE CONTINUOUS SLIDE FROM 6TH JAN TOP OF 5310 NIFTY HAD TAKEN THE
WEEKLY INDICATORS AND OSCILATORS INTO THE LOWER ZONE, HOWEVER SMALL BOUNCE DURING PREVIOUS 3 WEEKS NIFTY WEEKLY INDICATORS TO TURN UP FROM OVERSOLD LEVELS BRINGING IN HOPES OF FURTHER RISE IN COMING WEEKS. WEEKLY RSI WHICH HAD GONE BELOW THE 50 MARK HAS INCHED UP TO 52 LEVELS, WEEKLY SLOW STOCHASTIC WHICH HAD GONE DOWN NEARER TO THE LOWER ZONE AT 20% HAS TURNED UP ABOVE THE 20 LEVEL, SIMILAR IS THE CASE WITH WEEKLY W%R THAT HAS ALSO TURNED UP JUST BEFORE ENTERING THE LOWER ZONE. WEEKLY MACD ALTHOUGH IS SLOPPING DOWN YET BOTH THE MACD & ITS SIGNAL LINE ARE ABOVE THE ZERO LINE. WEEKLY ADX AT 21, +VE DMI AT 22 & -VE DMI AT 17 ARE EARLY SIGNS OF BULLISHNESS OR CONTINUATION OF BULLISHNESS ON WEEK TO WEEK BASIS.
THERE IS EVERY POSSIBILITY OF RESUMPTION OF THE UP MOVE TOWARDS NEW HIGHS ABOVE 5310 IN NEXT FEW WEEKS, WITH A STRONG STOP LOSS OF 5026 AND FOLLOWED BY 4930 (BASIC SUPPORT LVL OF BULL)
AILY INDICATORS:
ON DAILY CHARTS, THE CONTINUOUS RISE FROM 8TH FEB, 2010 FROM NIFTY DAY LOW LVL 4675 TO TILL THIS 5TH MARCH 2010 OF NIFTY LVL 5118 = TOTAL 443 POINTS GAIN MADE NIFTY IN OVERBOGHT . NOW NIFTY TUNED WITH INTERNATIONAL MARKET, SPECIALLY DOW AND OTHER ASIAN MARKET.
IN DAILY CHARTS, RSI @ 63 MARK HAS INCHING UP EVERYDAY, DAILY SLOW STOCHASTIC IS AT 95 THIS IS HUGHE OVER HEATED OR AT OVERBOUGHT ZONE, SIMILAR IS THE CASE WITH DAILY W%R THAT HAS ALSO TURNED UP. DAILY MACD IS MOVING UP, YET BOTH THE MACD & ITS SIGNAL LINE ARE ABOVE THE ZERO LINE. DAILY ADX AT 31, POSITIVE DMI AT 27 & NEGATIVE DMI AT 15 ARE SLIGHTLY OVERBOGHT SO, ONE SHOULD BE CAUTIOUS FOR PAUSE / SIDEWAYS OR INTRADAY CORRECTIONS, BUT AS SOON AS NIFTY INDICATORS COOL DOWN, OR MAY CONTINUATION NIFTY AGAIN MOVE UP TOWARDS A NEW HIGH TILL 5049 AND 5002 NOT BREAKS, WE ARE AT BULL RUN.
NIFTY SUPPORTS - 5067 TO 5063 / 5049 / 5028 / LASTLY, 5002 – FOR DAILY BASIS
NIFTY RESISTANCE – 5115 / 5135 / 5165 / 5191 / 5220 / 5267 / FINALLY, 6TH JAN HIGH OF 5311
ON WEEKLY CHARTS, THE CONTINUOUS SLIDE FROM 6TH JAN TOP OF 5310 NIFTY HAD TAKEN THE
WEEKLY INDICATORS AND OSCILATORS INTO THE LOWER ZONE, HOWEVER SMALL BOUNCE DURING PREVIOUS 3 WEEKS NIFTY WEEKLY INDICATORS TO TURN UP FROM OVERSOLD LEVELS BRINGING IN HOPES OF FURTHER RISE IN COMING WEEKS. WEEKLY RSI WHICH HAD GONE BELOW THE 50 MARK HAS INCHED UP TO 52 LEVELS, WEEKLY SLOW STOCHASTIC WHICH HAD GONE DOWN NEARER TO THE LOWER ZONE AT 20% HAS TURNED UP ABOVE THE 20 LEVEL, SIMILAR IS THE CASE WITH WEEKLY W%R THAT HAS ALSO TURNED UP JUST BEFORE ENTERING THE LOWER ZONE. WEEKLY MACD ALTHOUGH IS SLOPPING DOWN YET BOTH THE MACD & ITS SIGNAL LINE ARE ABOVE THE ZERO LINE. WEEKLY ADX AT 21, +VE DMI AT 22 & -VE DMI AT 17 ARE EARLY SIGNS OF BULLISHNESS OR CONTINUATION OF BULLISHNESS ON WEEK TO WEEK BASIS.
THERE IS EVERY POSSIBILITY OF RESUMPTION OF THE UP MOVE TOWARDS NEW HIGHS ABOVE 5310 IN NEXT FEW WEEKS, WITH A STRONG STOP LOSS OF 5026 AND FOLLOWED BY 4930 (BASIC SUPPORT LVL OF BULL)
AILY INDICATORS:
ON DAILY CHARTS, THE CONTINUOUS RISE FROM 8TH FEB, 2010 FROM NIFTY DAY LOW LVL 4675 TO TILL THIS 5TH MARCH 2010 OF NIFTY LVL 5118 = TOTAL 443 POINTS GAIN MADE NIFTY IN OVERBOGHT . NOW NIFTY TUNED WITH INTERNATIONAL MARKET, SPECIALLY DOW AND OTHER ASIAN MARKET.
IN DAILY CHARTS, RSI @ 63 MARK HAS INCHING UP EVERYDAY, DAILY SLOW STOCHASTIC IS AT 95 THIS IS HUGHE OVER HEATED OR AT OVERBOUGHT ZONE, SIMILAR IS THE CASE WITH DAILY W%R THAT HAS ALSO TURNED UP. DAILY MACD IS MOVING UP, YET BOTH THE MACD & ITS SIGNAL LINE ARE ABOVE THE ZERO LINE. DAILY ADX AT 31, POSITIVE DMI AT 27 & NEGATIVE DMI AT 15 ARE SLIGHTLY OVERBOGHT SO, ONE SHOULD BE CAUTIOUS FOR PAUSE / SIDEWAYS OR INTRADAY CORRECTIONS, BUT AS SOON AS NIFTY INDICATORS COOL DOWN, OR MAY CONTINUATION NIFTY AGAIN MOVE UP TOWARDS A NEW HIGH TILL 5049 AND 5002 NOT BREAKS, WE ARE AT BULL RUN.
NIFTY SUPPORTS - 5067 TO 5063 / 5049 / 5028 / LASTLY, 5002 – FOR DAILY BASIS
NIFTY RESISTANCE – 5115 / 5135 / 5165 / 5191 / 5220 / 5267 / FINALLY, 6TH JAN HIGH OF 5311
Friday, March 5, 2010
Stocks set to rally on bullish sentiment across the globe
Top Picks -Ongc,gail
Stocks in Mumbai are set to rise after taking a pause yesterday, following positive cues from the global markets. The indices are looking string after having taken a break yesterday. Expect the Sensex to gain nearly 1 percent or 170 points for the day.
Realty stocks continued to show strength in a lacklustre market yesterday. The realty sectoral index gained more than 2 percent for the day,led by gains in DLF and reliance Infra. Midcap and Small cap stocks stole the show and are likely to maintain their momentum today. The Midcap and Smallcap indices gained more than 0.5 percent even in a flat to negative day.
Auto Ancillary stocks, especially tyre stocks like JK Tyre and Ceat were among the top gainers yesterday with double digit percentage gains. We expect Apollo tyres as a catch up play in today's market. Other Infra Midcaps like Maytas Infra, ARSS Infra and Goldstone Infra were among the leaders in yesterday's trade, Realty was clearly the flavor of the day, and the party is likely to continue in to today's trade.
Overall a positive market for the day, with Midcaps dominating the show. We advice investors to stay away from stocks like Syncom Healthcare, ARSS Infra and Astec Life, while traders can try their luck in these scrips from an intraday perspective
Stocks in Mumbai are set to rise after taking a pause yesterday, following positive cues from the global markets. The indices are looking string after having taken a break yesterday. Expect the Sensex to gain nearly 1 percent or 170 points for the day.
Realty stocks continued to show strength in a lacklustre market yesterday. The realty sectoral index gained more than 2 percent for the day,led by gains in DLF and reliance Infra. Midcap and Small cap stocks stole the show and are likely to maintain their momentum today. The Midcap and Smallcap indices gained more than 0.5 percent even in a flat to negative day.
Auto Ancillary stocks, especially tyre stocks like JK Tyre and Ceat were among the top gainers yesterday with double digit percentage gains. We expect Apollo tyres as a catch up play in today's market. Other Infra Midcaps like Maytas Infra, ARSS Infra and Goldstone Infra were among the leaders in yesterday's trade, Realty was clearly the flavor of the day, and the party is likely to continue in to today's trade.
Overall a positive market for the day, with Midcaps dominating the show. We advice investors to stay away from stocks like Syncom Healthcare, ARSS Infra and Astec Life, while traders can try their luck in these scrips from an intraday perspective
Thursday, March 4, 2010
Markets might take a breather after 3 days of gains
Nifty range 5045-5125
Stocks might take a breather fro their uptrend after 3 days of solid gains, on Thursday. We might see some profit booking coming in at the current levels, but a significant correction is not expected in the near term. Expect the benchmark index or the Sensex to trade in a band of 100 points with negative bias
As expected Realty stocks hogged the limelight followed by the stocks in oil sector.Jaiprakash Associates led the gainers with a 6 percent gain, while gains in Reliance boosted the Nifty and the Oil space.
The new listing ARSS infra made a stellar debut on the bourses on Wednesday with a gain of 67 percent in the first day. The scrip closed near the highs of the day at Rs 751 against the issue price of Rs 450.Book profits at Rs 800 level in ARSS Infra. As mentioned in our pre-market review, sugar stocks made a come back with KCP Sugars, Triveni Eng and Renuka Sugars gaining between 5 to 10 percent for the day.
Nectar Life, Aqua Logistics, Karnataka Bank and IndusInd Bank are some of the midcaps that are looking technically strong looking at Wednesday's trading pattern. We see the market taking a pause today and the trade might be lacklustre except few stock specific moves in the Midcap space.
Stocks might take a breather fro their uptrend after 3 days of solid gains, on Thursday. We might see some profit booking coming in at the current levels, but a significant correction is not expected in the near term. Expect the benchmark index or the Sensex to trade in a band of 100 points with negative bias
As expected Realty stocks hogged the limelight followed by the stocks in oil sector.Jaiprakash Associates led the gainers with a 6 percent gain, while gains in Reliance boosted the Nifty and the Oil space.
The new listing ARSS infra made a stellar debut on the bourses on Wednesday with a gain of 67 percent in the first day. The scrip closed near the highs of the day at Rs 751 against the issue price of Rs 450.Book profits at Rs 800 level in ARSS Infra. As mentioned in our pre-market review, sugar stocks made a come back with KCP Sugars, Triveni Eng and Renuka Sugars gaining between 5 to 10 percent for the day.
Nectar Life, Aqua Logistics, Karnataka Bank and IndusInd Bank are some of the midcaps that are looking technically strong looking at Wednesday's trading pattern. We see the market taking a pause today and the trade might be lacklustre except few stock specific moves in the Midcap space.
Wednesday, March 3, 2010
Markets to maintain bullish momentum, but gains might be limited
Stocks in India might trade flat with a positive bias in morning session, after two days of big gains for the benchmark indices. Expect the Sensex to gain 0.5 percent or so for some time. Midcaps and Metal stocks might lead the gainers list.
Auto stocks took the center stage yesterday led by Tata Motors which gained more than 12 percent to end the day at Rs 797. Metal stocks were helped by handy gains in Hindalco and Tata Steel. The trend is likely to continue in Metals, while high beta stocks like Realty stocks might make a come back today.
Jet airways is one stock that looked explosive after a long time. The stock gained 15 percent on decent volumes. Further gains in this stock is not ruled out in the near term. Core Projects, Jain Irrigation and TVS Motors are other stocks that look technically posied for futher gains. Sugar is one sector that looks attractive to accumulate at current levels. We believe there is limited downside for these stocks from the current level and slowly accumulate these stocks, especially renula Sugar and Balrampur Chini for some good returns in the medium term.
Auto stocks took the center stage yesterday led by Tata Motors which gained more than 12 percent to end the day at Rs 797. Metal stocks were helped by handy gains in Hindalco and Tata Steel. The trend is likely to continue in Metals, while high beta stocks like Realty stocks might make a come back today.
Jet airways is one stock that looked explosive after a long time. The stock gained 15 percent on decent volumes. Further gains in this stock is not ruled out in the near term. Core Projects, Jain Irrigation and TVS Motors are other stocks that look technically posied for futher gains. Sugar is one sector that looks attractive to accumulate at current levels. We believe there is limited downside for these stocks from the current level and slowly accumulate these stocks, especially renula Sugar and Balrampur Chini for some good returns in the medium term.
Tuesday, March 2, 2010
Time for Action
Stocks are likely to open higher as stocks markets re-open after a holiday on Monday. Expect the benchmark index or the Sensex to gain 100 points or nearly 0.6 percent for the day, after gaining 175 points following the budget presentation on Friday
We have come out with a stock, that could see decent upside post budget, this is exclusive for our paid subscribers. We see the market opening higher and cooling off from there on. Dhanalakshmi Bank, IFCI, IDFC, Reliance Capital and TVS Motors were the stocks that look technically strong.DB Corp, Edserv, Celebrity Fashions and Neyveli Lignite are some of the stocks to watch from a day trading perspective
We believe that FM has done nothing 'significant' in this budget as lot of key initiatives and reforms were left unchanged. There was some good news to autos in the form of a smaller than expected hike in the excise duty, while for the government plans to boost infrastructure came as good news to the Infrastructure and Real estate companies. NBFC's might be another sweet spot with the possibility of new licenses for private banks. As expected tax incentives were announced for Renewable energy firms. Our picks MoserBaer and IDFC performed well on Friday.
We have come out with a stock, that could see decent upside post budget, this is exclusive for our paid subscribers. We see the market opening higher and cooling off from there on. Dhanalakshmi Bank, IFCI, IDFC, Reliance Capital and TVS Motors were the stocks that look technically strong.DB Corp, Edserv, Celebrity Fashions and Neyveli Lignite are some of the stocks to watch from a day trading perspective
We believe that FM has done nothing 'significant' in this budget as lot of key initiatives and reforms were left unchanged. There was some good news to autos in the form of a smaller than expected hike in the excise duty, while for the government plans to boost infrastructure came as good news to the Infrastructure and Real estate companies. NBFC's might be another sweet spot with the possibility of new licenses for private banks. As expected tax incentives were announced for Renewable energy firms. Our picks MoserBaer and IDFC performed well on Friday.
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