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
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
Tuesday, March 9, 2010
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.
Friday, February 26, 2010
Budget might fail to fuel a rally on D-Street
Investors look to cues from the Finance Minister this morning. The mood in the market is not great as the global cues are weak and there is no enthusiasm among the investors. Bulls look tired at this point of time and the only way they could get up and running is with some help from Pranab this morning. Expect the benchmark index or the Sensex to trade in a band of 150 points for the day
Today's market is a special one, as we have never witnessed this kind of inactivity in the past decade. Specultors and traders stayed away from the market and there is no build up in any kind positions. So we expect the budget to be uneventful, barrig fire works in select counters. Power, Textiles and Renewable Energy stocks are the ones to keep a close eye on, ahead of the budget.
Sical logistics, Liberty Shoes and GVK Power were very active in yesterday's trade. GVK Power in particular has seen huge volumes on the last day of expiry. Godrej Ind and Bata are the other stocks that looked decent.We pick Moser Baer, IDFC and Arvind Ltd the winners in this budget. Overall, a big rally is ruled out, unless Pranab manages to pull out an elephant out of his hat
Today's market is a special one, as we have never witnessed this kind of inactivity in the past decade. Specultors and traders stayed away from the market and there is no build up in any kind positions. So we expect the budget to be uneventful, barrig fire works in select counters. Power, Textiles and Renewable Energy stocks are the ones to keep a close eye on, ahead of the budget.
Sical logistics, Liberty Shoes and GVK Power were very active in yesterday's trade. GVK Power in particular has seen huge volumes on the last day of expiry. Godrej Ind and Bata are the other stocks that looked decent.We pick Moser Baer, IDFC and Arvind Ltd the winners in this budget. Overall, a big rally is ruled out, unless Pranab manages to pull out an elephant out of his hat
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