Calls ONLY for Clients
Stocks on Dalal Street are likely to open lower as investors might sell their holdings fearing worsening market conditions. We expect a 1 to percent fall in the benchmark index or the Sensex for the day.
RIL and RPl stocks might be under pressure ahead of the merger meeting as the swap might not work in favor the share holders. GTL Infra is another stock to watch closely for day traders. Banking and Realty will be the sectors that might fall pray to the bears.Overall a downday on the cards for both the indices.
The stock of Satyam Computers might be back on the radar screen of the traders as the bids for acquiring a majority stake in the company might be finalized.IT remained strong and the stocks might hold their levels, as Nasdaq remained strong overnite and rupee depreciation might also help the stocks in this sector
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Monday, March 2, 2009
Friday, February 20, 2009
Buy cairn
Just See, Yesterday's It Was Clearly Written, that Above 2775.50 , Will Hit 2793.50 Mark, Just See It's Hit 2792.90 and Immediately , Retreat from that Level.
NIFTY Future, Now Showing any Strength, Due to Global Recession Worries and Other Domestic Issue.
It's Seems, Highly Volatile Session with Moreover NEGATIVE TERRITORY, Today, Below 2763.50 Bears, Will Eat NIFTY Future, It's Even, Possibel, that BEARS May Drag Down, NIFTY Future to 2747 and then, 2733 Mark....
If NIFTY Future, Breaks the level, of 2724.10 Mark, Immediate Expect a Level of 2711 & 2701,Watch, Out the Levels of 2700.00 , Very Carefully, Below that Mark, Don't Hold Your ANY LONG POSITION.
Nifty Will Show It's Strength Only and Only Above, 2795.10 Mark, Above that Mark, Will Try to Hit 2815 and then, 2825 But, Chances are Very Remote
Indian Overseas Bank
We recommend a sell in Indian Overseas Bank stock from a short-term trading perspective. It is apparent from the charts of Indian Overseas Bank that it has been on a long-term downtrend from its January 2008 peak of Rs 228. Since then, the stock has been forming lower peaks and lower troughs. Moreover, the intermediate and medium-term trend also is down.
On February 2, the stock penetrated a key support level at Rs 60 by declining 3 per cent that reinforced the downtrend. The stock is experiencing heavy selling pressure over the past three trading session. The stock is trading well below its 21 and 50-day moving averages. Both daily and weekly relative strength indices (RSI) are featuring in the bearish zone.
The daily moving average convergence and divergence is also indicating a sell and is hovering in the negative territory. Considering that the intermediate-term downtrend is intact, we are bearish on the stock from a short-term. We expect the decline to continue until it hits our price target of Rs 45.5. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 54.
NIFTY Future, Now Showing any Strength, Due to Global Recession Worries and Other Domestic Issue.
It's Seems, Highly Volatile Session with Moreover NEGATIVE TERRITORY, Today, Below 2763.50 Bears, Will Eat NIFTY Future, It's Even, Possibel, that BEARS May Drag Down, NIFTY Future to 2747 and then, 2733 Mark....
If NIFTY Future, Breaks the level, of 2724.10 Mark, Immediate Expect a Level of 2711 & 2701,Watch, Out the Levels of 2700.00 , Very Carefully, Below that Mark, Don't Hold Your ANY LONG POSITION.
Nifty Will Show It's Strength Only and Only Above, 2795.10 Mark, Above that Mark, Will Try to Hit 2815 and then, 2825 But, Chances are Very Remote
Indian Overseas Bank
We recommend a sell in Indian Overseas Bank stock from a short-term trading perspective. It is apparent from the charts of Indian Overseas Bank that it has been on a long-term downtrend from its January 2008 peak of Rs 228. Since then, the stock has been forming lower peaks and lower troughs. Moreover, the intermediate and medium-term trend also is down.
On February 2, the stock penetrated a key support level at Rs 60 by declining 3 per cent that reinforced the downtrend. The stock is experiencing heavy selling pressure over the past three trading session. The stock is trading well below its 21 and 50-day moving averages. Both daily and weekly relative strength indices (RSI) are featuring in the bearish zone.
The daily moving average convergence and divergence is also indicating a sell and is hovering in the negative territory. Considering that the intermediate-term downtrend is intact, we are bearish on the stock from a short-term. We expect the decline to continue until it hits our price target of Rs 45.5. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 54.
Thursday, February 19, 2009
Market to open flat
Reliance group stocks will be under pressure on the reports of finance ministry investigating Reliance Petroleum and Reliance Infrastructure for alleged violation of norms governing insider trading and overseas borrowings, respectively
Now, What to Expect in NIFTY FUTURE, In Today's Trade, Nifty Future, Will Show will run Only Above,,,,, 2775.50 Expect a Levels of , 2793.50 and then, 2800+ too.
In Case of Bear Attack, Nifty Should and Should Hit, 2740.00, Mark, Expect Nifty Future to Hit.2727
But, One Thing is Very Clear, that Yesterday's Closing of 2761.20 , Not Indicate, Much Upside in Nifty Future in Today's Trade.................Closing Favour, Highly Volatile and Negative Session in Today's Trade
Well, You Should, Watch these Levels, Carefully, and Trade Accordingly.
Bajaj Auto (Rs 496.50):Buy
We recommend a buy in Bajaj Auto with a short-term trading horizon. It is evident from the charts of Bajaj Auto that it has been on an intermediate-term uptrend from its all-time low of Rs 294, recorded in early December. Since then, the stock has been forming higher peaks and higher troughs. While trending up, the stock breached its 50-day moving average in early January. On January 16, the stock conclusively broke through a key resistance level at Rs 450 by gaining 6 per cent. This resistance level is currently acting as a significant support level. Moreover, the stock recently took support from this level and resumed its uptrend. Reinforcing the uptrend, the stock jumped by almost 5 per cent on above average volume on February 18. The daily relative strength index (RSI) has entered the bullish zone and the weekly RSI is rising in this neutral region towards this zone. Our short-term outlook is bullish on the stock. We expect it to move up until it hits our price target of Rs 550. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 471
Now, What to Expect in NIFTY FUTURE, In Today's Trade, Nifty Future, Will Show will run Only Above,,,,, 2775.50 Expect a Levels of , 2793.50 and then, 2800+ too.
In Case of Bear Attack, Nifty Should and Should Hit, 2740.00, Mark, Expect Nifty Future to Hit.2727
But, One Thing is Very Clear, that Yesterday's Closing of 2761.20 , Not Indicate, Much Upside in Nifty Future in Today's Trade.................Closing Favour, Highly Volatile and Negative Session in Today's Trade
Well, You Should, Watch these Levels, Carefully, and Trade Accordingly.
Bajaj Auto (Rs 496.50):Buy
We recommend a buy in Bajaj Auto with a short-term trading horizon. It is evident from the charts of Bajaj Auto that it has been on an intermediate-term uptrend from its all-time low of Rs 294, recorded in early December. Since then, the stock has been forming higher peaks and higher troughs. While trending up, the stock breached its 50-day moving average in early January. On January 16, the stock conclusively broke through a key resistance level at Rs 450 by gaining 6 per cent. This resistance level is currently acting as a significant support level. Moreover, the stock recently took support from this level and resumed its uptrend. Reinforcing the uptrend, the stock jumped by almost 5 per cent on above average volume on February 18. The daily relative strength index (RSI) has entered the bullish zone and the weekly RSI is rising in this neutral region towards this zone. Our short-term outlook is bullish on the stock. We expect it to move up until it hits our price target of Rs 550. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 471
Wednesday, February 18, 2009
Our BTST OFSS WILL MOVE IN THIS MARKET
Just, See, What's Happen, Yesterday's, It Was Clearly Written, that 2766, Level is TREND-DECIDER, Just See, Below that Mark, EVERYTHING,,,, Were Bleeding Yesterday's
Now, Today , It Can Be Highly Volatile Session , Today As Far As NIFTY FUTURE is Concerned, Well, Today, Nifty Future, Will Show Strength Only and Only Above 2763.90 Will be On Fire, But Only then, If Stayed there for almost 10 Minutes or So, Above that Level, NIFTY FUTURE Will Hit, 2785.50 and then, 2797 Mark.... .
Today, Bears Will Have Upper-Hand Only Below, 2727.30, , Below that, Level, Once Again, Expect a BLOOD-BATH in NIFTY Future, Below that Mark, NIFTY Future, Will Try to Hit......... ..... 2712 - 2693 Mark
Bears are likely to take over the Dalal Street following a global sell off in equities. The damage might not so bad as expected, as the markets have corrected deeply on Monday
Banking and Realty stocks might be under the line of fire once again. We might see another round of sell off in Unitech, ICICI Bank, Suzlon and Tata Steel, after a bad day on the bourses yesterday. Stay away from stocks like Spice Communications, Orbit Corp, Everonn Systems as the second rung stocks.
The stock of Satyam Computers might hold up to its current level even in a bad market, as the news of the buyout is still fresh. Maytas Infra Stock might see some spark on the news that CLB on Tuesday to dissolve the present management of the two companies Maytas Infra Ltd and Maytas Properties Ltd
Union Bank of India
We recommend a sell on Union Bank of India stock from a short-term trading perspective. It is apparent from the charts of this stock that it had been on an intermediate-term uptrend from its July low of Rs 96 till it encountered resistance at Rs 173 in late November. However, the stock reversed direction after encountering resistance around Rs 170 in January. Since then, the stock has been on a medium-term down trend. On February 16, the stock tumbled by 5 per cent penetrating its intermediate-term uptrend line. On February 17, it broke through a significant support level of Rs 140 by plummeting 4 per cent accompanied with high volume. The stock is trading well below its 21- and 50-day moving averages. The daily relative strength index is featuring in the bearish zone. Considering the breakthrough, we are bearish on the stock from a short-term perspective. We expect its decline to continue until it hits our price target of Rs 120. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 142.
Now, Today , It Can Be Highly Volatile Session , Today As Far As NIFTY FUTURE is Concerned, Well, Today, Nifty Future, Will Show Strength Only and Only Above 2763.90 Will be On Fire, But Only then, If Stayed there for almost 10 Minutes or So, Above that Level, NIFTY FUTURE Will Hit, 2785.50 and then, 2797 Mark.... .
Today, Bears Will Have Upper-Hand Only Below, 2727.30, , Below that, Level, Once Again, Expect a BLOOD-BATH in NIFTY Future, Below that Mark, NIFTY Future, Will Try to Hit......... ..... 2712 - 2693 Mark
Bears are likely to take over the Dalal Street following a global sell off in equities. The damage might not so bad as expected, as the markets have corrected deeply on Monday
Banking and Realty stocks might be under the line of fire once again. We might see another round of sell off in Unitech, ICICI Bank, Suzlon and Tata Steel, after a bad day on the bourses yesterday. Stay away from stocks like Spice Communications, Orbit Corp, Everonn Systems as the second rung stocks.
The stock of Satyam Computers might hold up to its current level even in a bad market, as the news of the buyout is still fresh. Maytas Infra Stock might see some spark on the news that CLB on Tuesday to dissolve the present management of the two companies Maytas Infra Ltd and Maytas Properties Ltd
Union Bank of India
We recommend a sell on Union Bank of India stock from a short-term trading perspective. It is apparent from the charts of this stock that it had been on an intermediate-term uptrend from its July low of Rs 96 till it encountered resistance at Rs 173 in late November. However, the stock reversed direction after encountering resistance around Rs 170 in January. Since then, the stock has been on a medium-term down trend. On February 16, the stock tumbled by 5 per cent penetrating its intermediate-term uptrend line. On February 17, it broke through a significant support level of Rs 140 by plummeting 4 per cent accompanied with high volume. The stock is trading well below its 21- and 50-day moving averages. The daily relative strength index is featuring in the bearish zone. Considering the breakthrough, we are bearish on the stock from a short-term perspective. We expect its decline to continue until it hits our price target of Rs 120. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 142.
Tuesday, February 17, 2009
Sell Metals
Today's Global Cues, Not Supporting , Hence NIFTY FUTURE, May Fall Further in Today's Trade......,, Today, Below 2819 Expect, More and More Weakness....... In Nifty Future, Below that Mark, Nifty Will Try to Hit 2797 and then, 2783 tooo........ Last Hope for Bulls is 2766 Mark, Today 2766, Mark Will Act as a TREND DECIDER.....
Nifty, If Breaks that Level, Expect Blood-Bath Once Again in NIFTY....Will Hit 2750 and then, 2737 in Panic.....
The stock of Hindalco might be under pressure as the news that the company plan's to use its share premium reserves to write off expenses incurred by the company on international acquisition and domestic expansion.Other metal stocks might be under pressure as metal prices cooled off on LME. Suclon Energy might fall for the second day in a row after the promoters disclosed that they have pledged 25.9 percent of the company’s shares.
Akruti
We recommend a sell in Akruti City stock from a short-term trading perspective. It is evident from the charts of Akruti City that after taking support at Rs 550 in mid-January, which is also a 52-week low, it bounced back. From this trough to the recent high at Rs 1,052, the stock has almost gained 91 per cent. However, the stock encountered significant resistance in the band between Rs 1,035 and Rs 1,050 recently. The daily relative strength index (RSI) has reached overbought levels. The stock reversed lower from this resistance band and declined 2 per cent on February 16. Moreover, with this decline we observe that the daily RSI is displaying a negative divergence. The daily moving average convergence and divergence indicator has also reached overbought levels. We are bearish on the stock from a short-term horizon. We anticipate it to decline further until it hits our price target of Rs 905 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 1,064.
Nifty, If Breaks that Level, Expect Blood-Bath Once Again in NIFTY....Will Hit 2750 and then, 2737 in Panic.....
The stock of Hindalco might be under pressure as the news that the company plan's to use its share premium reserves to write off expenses incurred by the company on international acquisition and domestic expansion.Other metal stocks might be under pressure as metal prices cooled off on LME. Suclon Energy might fall for the second day in a row after the promoters disclosed that they have pledged 25.9 percent of the company’s shares.
Akruti
We recommend a sell in Akruti City stock from a short-term trading perspective. It is evident from the charts of Akruti City that after taking support at Rs 550 in mid-January, which is also a 52-week low, it bounced back. From this trough to the recent high at Rs 1,052, the stock has almost gained 91 per cent. However, the stock encountered significant resistance in the band between Rs 1,035 and Rs 1,050 recently. The daily relative strength index (RSI) has reached overbought levels. The stock reversed lower from this resistance band and declined 2 per cent on February 16. Moreover, with this decline we observe that the daily RSI is displaying a negative divergence. The daily moving average convergence and divergence indicator has also reached overbought levels. We are bearish on the stock from a short-term horizon. We anticipate it to decline further until it hits our price target of Rs 905 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 1,064.
Monday, February 16, 2009
The market will salute a cut in STT (Securities Transaction Tax) if it happens
Today's It May be SEE-SAW
Buy Batronics,KAF,JET AIRWAYS,CAIRN
The stock of NTPC is likely to move up as we might see some demand for the stoc after the company announced on Friday that the company which accounts for 20 percent of India’s power capacity, and Nuclear Power Corp. will spend as much as $3 billion to build new atomic plants in the next eight years.
UB group is again news now, news reports from pink papers suggest that the the company that owns India’s biggest liquor maker, plans to sell its stake in Aventis Pharma Ltd. UB Group owns 10.28 percent in Aventis Pharma and Sanofi-Aventis SA owns 50.1 percent.
In what could be a good news to aviation sector, Public sector oil companies today slashed jet fuel or Aviation Turbine Fuel (ATF) prices 3.7 per cent, the tenth reduction since September, taking rates to early 2005 levels. Watch out Jet Aviation and Kingfisher Airlines.
Technology solutions provider Bartronics today bagged a project for setting up 2,000 kiosks of the Municipal Corporation of Delhi,with an aim to mop up Rs 5,000 crore over the next nine years. The stocks is currently trading at Rs 76 and might hit an upper circuit today as the news came after the markets closed on Friday.
Buy Batronics,KAF,JET AIRWAYS,CAIRN
The stock of NTPC is likely to move up as we might see some demand for the stoc after the company announced on Friday that the company which accounts for 20 percent of India’s power capacity, and Nuclear Power Corp. will spend as much as $3 billion to build new atomic plants in the next eight years.
UB group is again news now, news reports from pink papers suggest that the the company that owns India’s biggest liquor maker, plans to sell its stake in Aventis Pharma Ltd. UB Group owns 10.28 percent in Aventis Pharma and Sanofi-Aventis SA owns 50.1 percent.
In what could be a good news to aviation sector, Public sector oil companies today slashed jet fuel or Aviation Turbine Fuel (ATF) prices 3.7 per cent, the tenth reduction since September, taking rates to early 2005 levels. Watch out Jet Aviation and Kingfisher Airlines.
Technology solutions provider Bartronics today bagged a project for setting up 2,000 kiosks of the Municipal Corporation of Delhi,with an aim to mop up Rs 5,000 crore over the next nine years. The stocks is currently trading at Rs 76 and might hit an upper circuit today as the news came after the markets closed on Friday.
Friday, February 13, 2009
Titan,siemens good buy
We expect the key indices to pull back after Thursday’s fall.
The stock of Satyam Computers might see some demand as the bidding process for the sale of the company is about to begin soon.Another company that was in the lime light was Hexaware Technologies, which surge more than 90 percent at one point of the day, finally finishing off the say up by 65 percent at Rs 33.30.
The stock of Parsvnath Developers might come under some selling pressure as the company might need to raise some capital or sell some assets to meet its obligations.In a separate development Sanjay Lalbhai-owned Arvind has defaulted on its interest payments and is on the verge of yet, another downgrade from the credit rating agencies.
In what could seen as an interesting move Wipro's chief Azim Premji has injected Rs 40 Crore in to the ailing retail chain Subhiksha. Sugar stocks like Renuka and Sakhti sugars looks sweet along with metal stocks like SAIL and Sterlite Ind, fo day traders
HEG
We recommend a buy in the stock of HEG from a short-term trading perspective. It is apparent from the charts of HEG that after encountering resistance at around Rs 293 in August 2008, it resumed its downtrend. Since then, the stock was on an intermediate-term downtrend till it found support at Rs 102 in late January 2009. A significant long-term support is present at Rs 100 for the stock. We observe the formation of a falling wedge pattern, spanning the period from late October. The stock is currently testing the upper resistance level of the pattern. The daily moving average convergence and divergence indicator is displaying positive divergence. The weekly relative strength index also is displaying a prolonged positive divergence. Moreover, the price rate of change indicator is rising in the positive territory indicating buying interest. We are bullish on the stock from a short-term horizon. We anticipate it to penetrate the upper resistance level and move up until it hits our price target of Rs 119. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 101.
The stock of Satyam Computers might see some demand as the bidding process for the sale of the company is about to begin soon.Another company that was in the lime light was Hexaware Technologies, which surge more than 90 percent at one point of the day, finally finishing off the say up by 65 percent at Rs 33.30.
The stock of Parsvnath Developers might come under some selling pressure as the company might need to raise some capital or sell some assets to meet its obligations.In a separate development Sanjay Lalbhai-owned Arvind has defaulted on its interest payments and is on the verge of yet, another downgrade from the credit rating agencies.
In what could seen as an interesting move Wipro's chief Azim Premji has injected Rs 40 Crore in to the ailing retail chain Subhiksha. Sugar stocks like Renuka and Sakhti sugars looks sweet along with metal stocks like SAIL and Sterlite Ind, fo day traders
HEG
We recommend a buy in the stock of HEG from a short-term trading perspective. It is apparent from the charts of HEG that after encountering resistance at around Rs 293 in August 2008, it resumed its downtrend. Since then, the stock was on an intermediate-term downtrend till it found support at Rs 102 in late January 2009. A significant long-term support is present at Rs 100 for the stock. We observe the formation of a falling wedge pattern, spanning the period from late October. The stock is currently testing the upper resistance level of the pattern. The daily moving average convergence and divergence indicator is displaying positive divergence. The weekly relative strength index also is displaying a prolonged positive divergence. Moreover, the price rate of change indicator is rising in the positive territory indicating buying interest. We are bullish on the stock from a short-term horizon. We anticipate it to penetrate the upper resistance level and move up until it hits our price target of Rs 119. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 101.
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