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Bull run to continue, midcaps to lead the rally
Above 2810 No bears only Bulls
Obama regime is expected to announce a plan to buy banks’ soured assets. Nifty futures in Singapore and Dow futures are smartly up. But, there could be wild swings for sure ahead of F&O expiry. Also, some resistance is likely at higher levels as investors could turn cautious ahead of an eventful April
Watch GujNre
Financials, Metals and Realty stocks might get a boost again. Sesa Goa Ltd, SAIL & Tata Steel might be the ones to watch out for, in today's trade. Crude oil related stocks like Cairn India mighte benefit from the spike in Crude above the $50 level. Investors could also look at drilling stocks like Aban Offshore Ltd and Shi-Vani Drilling, whch could benefit from the increased prices.
We have seen some build up in price and volume actions in stocks like Gokaldas Exports which are usually thinly traded. SREI Infra, Hanung Toys, Nitin Fire are also some of the stocks that could maintain their momentum. Traders could concentrate on second rung and speculative counters to make some quick bucks. Overall, a good day for the markets and especially midcaps on the cards.
Jet Airways India
We recommend a sell in Jet Airways from a short-term trading perspective. It is apparent from the charts of Jet Airways that after recording a 52-low at Rs 115 on March 12, the stock bounced up.
It gained almost 65 per cent in a short span of five trading session and encountered resistance in the band between Rs 180 to Rs 190.
At this resistance, the stock formed a shooting star candlestick pattern, which is a top reversal pattern. However, subsequently, it resumed its medium as well as long-term down trend.
On March 20, the stock plummeted by 10 per cent confirming the reversal pattern. The daily relative strength index has entered into the neutral region from the bullish zone signalling loss of bullish momentum.
We are bearish on the stock from a short-term perspective.
We expect it to decline further until it hits our price target of Rs 144 in the approaching sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 168.
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 23, 2009
Friday, March 20, 2009
Akruti City out of Futures and Options
( Again, What ,, You're... Waiting For ????)
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OUR PICK with no intrdaday sl is OFSS Oracle Financial BUY
target Only for Subscriber's
Nifty weak below 2789 n Strong above 2811
Indices look for a flat open, Stock specific activity likely
We advice investors to book profits in Realty stocks and get back to the basics.
Watch out for Oil related stocks like Reliance Petroleum, Cairn India and Petronet LNG after a big move by Oil in the past few days.Crude costs $50.00 convincingly on Nymex and touched a intraday high of $ 52.20.
It is not a bad idea to look at stocks in engineering sector. Stocks like Thermax, Praj Ind and Punj Lloyd looks good at current levels.Crompton Greaves is another stock that we see is available at attractive valuations.Overall, a flat day in the horizon, with stock specific activity.
Subscribe NOW ...call 09821435805 or mail sheth_jg@yahoo.com
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OUR PICK with no intrdaday sl is OFSS Oracle Financial BUY
target Only for Subscriber's
Nifty weak below 2789 n Strong above 2811
Indices look for a flat open, Stock specific activity likely
We advice investors to book profits in Realty stocks and get back to the basics.
Watch out for Oil related stocks like Reliance Petroleum, Cairn India and Petronet LNG after a big move by Oil in the past few days.Crude costs $50.00 convincingly on Nymex and touched a intraday high of $ 52.20.
It is not a bad idea to look at stocks in engineering sector. Stocks like Thermax, Praj Ind and Punj Lloyd looks good at current levels.Crompton Greaves is another stock that we see is available at attractive valuations.Overall, a flat day in the horizon, with stock specific activity.
Thursday, March 19, 2009
Time to book some profits
The market is likely to open flat to slightly positive. Things may turn choppy and rangebound later in the day. Avoid mid-caps and small-caps as the current rally may soon fizzle out
Realty stocks were stars in yesterdays trade and are likely to spike in the first hour of the trade.It is advisable for the investors to book profits in these stocks.
As mentioned in yesterday's trade, there was a great deal of activity in the IT space with stocks like Tulip IT gaining more than 30 percent. Coming to today's trade, concentrate on the banking space
Watch out for private banks like Yes Bank, Bank of Maharashtra,Karnataka Bank and last but not the least ICICI Bank. We advice investors to book profits in Realty sector and also some other second rung stocks, as there is a possibility of a correction in the coming days.
We strongly believe that today's rally will provide a great opportunity for short term investors to lock in some gains
Thermax
We recommend a buy on Thermax stock from a short-term trading perspective. We observe from the charts of Thermax that from December 2008 high of Rs 222, the stock was on a medium-term downtrend till it found support at around Rs 150 in early March 2009. The stock has significant medium-term support level at Rs 150.The stock changed its trend after taking support recently. On March 17, the stock jumped up by 6 per cent breaking through its medium-tern down trendline as well as 21-day moving average. On March 18, the stock gained 6 per cent penetrating the 50-day moving average on March 18. We notice good volume traded over the past two sessions. The daily relative strength index is featuring in the bullish zone. The daily moving average convergence and divergence is on the brink of entering into positive territory. We are bullish on the stock from a short-term horizon. We look forward to the stock rallying further until it hits our price target of Rs 195 in the upcoming sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 165.
Realty stocks were stars in yesterdays trade and are likely to spike in the first hour of the trade.It is advisable for the investors to book profits in these stocks.
As mentioned in yesterday's trade, there was a great deal of activity in the IT space with stocks like Tulip IT gaining more than 30 percent. Coming to today's trade, concentrate on the banking space
Watch out for private banks like Yes Bank, Bank of Maharashtra,Karnataka Bank and last but not the least ICICI Bank. We advice investors to book profits in Realty sector and also some other second rung stocks, as there is a possibility of a correction in the coming days.
We strongly believe that today's rally will provide a great opportunity for short term investors to lock in some gains
Thermax
We recommend a buy on Thermax stock from a short-term trading perspective. We observe from the charts of Thermax that from December 2008 high of Rs 222, the stock was on a medium-term downtrend till it found support at around Rs 150 in early March 2009. The stock has significant medium-term support level at Rs 150.The stock changed its trend after taking support recently. On March 17, the stock jumped up by 6 per cent breaking through its medium-tern down trendline as well as 21-day moving average. On March 18, the stock gained 6 per cent penetrating the 50-day moving average on March 18. We notice good volume traded over the past two sessions. The daily relative strength index is featuring in the bullish zone. The daily moving average convergence and divergence is on the brink of entering into positive territory. We are bullish on the stock from a short-term horizon. We look forward to the stock rallying further until it hits our price target of Rs 195 in the upcoming sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 165.
Wednesday, March 18, 2009
IT stocks and midcaps to dominate
Tatamotors hot
Today might me the turn for IT and financial stocks. Watch out for the big boys in IT like TCS, Infosys and Wipro to dominate the scene.
PSU Banks like PNB and SBI to bounce back after a shave off of more than 4 percent. Midcap IT firm Rolta India mad a good come back after a while and the stock vaulted by nearly 20 percent for the day.
Everonn Systems continued its hourney and zoomed by more than 26 percent. We advice investors to book profits in the stock at RS 165 level as its time to take some money off the table. Overall a good day for the stocks is on the cards, with IT, Financials and Realty dominating the market scene. The Sensex might try to cross the 9,000 market for the second time in this week and looks like it will succeed this time around.
Crompton Greaves (Rs 135.25): Buy
We recommend a buy on Crompton Greaves from a short-term horizon. It is apparent from the charts of Crompton Greaves that it had been on an intermediate-term downtrend from September high of Rs 277 till it found support at Rs 106 in early December.
The stock witnessed sharp sell-off during October and November 2008. However, after taking support at Rs 106, it moved higher. This rally was stalled at Rs 155. Recently, the stock took support around Rs 120 (a strong long-term support level) and bounced up penetrating the intermediate-term down trendline. The stock rallied 12 percent over the past two trading sessions penetrating its 21 and 50-day moving averages.
We also notice high volume accompanying this rally. The daily relative strength index has entered in to the bullish zone from the neutral region. The weekly RSI has entered the neutral region from the bearish zone. Our short-term outlook is bullish for the stock. We anticipate it to move up until it hits our price target of Rs 150. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 128.
Today might me the turn for IT and financial stocks. Watch out for the big boys in IT like TCS, Infosys and Wipro to dominate the scene.
PSU Banks like PNB and SBI to bounce back after a shave off of more than 4 percent. Midcap IT firm Rolta India mad a good come back after a while and the stock vaulted by nearly 20 percent for the day.
Everonn Systems continued its hourney and zoomed by more than 26 percent. We advice investors to book profits in the stock at RS 165 level as its time to take some money off the table. Overall a good day for the stocks is on the cards, with IT, Financials and Realty dominating the market scene. The Sensex might try to cross the 9,000 market for the second time in this week and looks like it will succeed this time around.
Crompton Greaves (Rs 135.25): Buy
We recommend a buy on Crompton Greaves from a short-term horizon. It is apparent from the charts of Crompton Greaves that it had been on an intermediate-term downtrend from September high of Rs 277 till it found support at Rs 106 in early December.
The stock witnessed sharp sell-off during October and November 2008. However, after taking support at Rs 106, it moved higher. This rally was stalled at Rs 155. Recently, the stock took support around Rs 120 (a strong long-term support level) and bounced up penetrating the intermediate-term down trendline. The stock rallied 12 percent over the past two trading sessions penetrating its 21 and 50-day moving averages.
We also notice high volume accompanying this rally. The daily relative strength index has entered in to the bullish zone from the neutral region. The weekly RSI has entered the neutral region from the bearish zone. Our short-term outlook is bullish for the stock. We anticipate it to move up until it hits our price target of Rs 150. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 128.
Tuesday, March 17, 2009
Eye Mid cap, Sensex to cross 9000 before fall
Hot scrpit - Essaroil,.......
As recommended in yesterday's review Balaji Tele vaulted by more than 26 percent along with some other media stocks like IBN18 and TV Today Network. The word in the market is that a major fund has mad some big purchases in this sector and we consider this as a prudent move considering the fact that media stocks are relatively less recession prone
Watch out for banks today, our picks are mid sized banks like Andhra Bank, Dena Bank and Bank of Maharashtra. Bank of India might be a surprise gainer. Value investors could look at scrips like Tata Steel and Ranbaxy from a long term perspective.
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As recommended in yesterday's review Balaji Tele vaulted by more than 26 percent along with some other media stocks like IBN18 and TV Today Network. The word in the market is that a major fund has mad some big purchases in this sector and we consider this as a prudent move considering the fact that media stocks are relatively less recession prone
Watch out for banks today, our picks are mid sized banks like Andhra Bank, Dena Bank and Bank of Maharashtra. Bank of India might be a surprise gainer. Value investors could look at scrips like Tata Steel and Ranbaxy from a long term perspective.
Join before ur loose money
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Monday, March 16, 2009
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How to be Winner , In this Kind of Choppy Market
Here's..........We're...............Everyday.......................Winner in NIFTY FUTURE.............
Just See.....On Friday........Our ULTIMATE TARGET Was...........2715............So.......What's Say About It..............It's Hit 2715 and Stayed Above that Levels too......
CALLS FOR CLIENTS ONLY
How to be Winner , In this Kind of Choppy Market
Here's..........We're...............Everyday.......................Winner in NIFTY FUTURE.............
Just See.....On Friday........Our ULTIMATE TARGET Was...........2715............So.......What's Say About It..............It's Hit 2715 and Stayed Above that Levels too......
CALLS FOR CLIENTS ONLY
Friday, March 13, 2009
Gap up today
Stocks on Dalal Street are likely to move up for the second day in a row after more than 2 percent on Thursday. The benchmark index or the Sensex is likely to surge more than 3 percent or even more, as we are likely to play a catch up.
Investors have been clamoring for months for a bit of good news. On Thursday, they got a load of it. The DowJones industrials shot up 240 points, bringing its gains over the past three days to 622 points. It was the index's biggest three-day jump since last November. The Dow rose 239.66, or 3.5 percent, to 7,170.06. The Standard & Poor's 500 index climbed 29.38, or 4.1 percent, to 750.74. The Nasdaq composite index gained 54.46, or 4 percent, to 1,426.10.
Metals and banks are likely to be the front runners. As expected ICICI Bank had a good day on the bourses yesterday and is likely to add more to the 8 percent and expect Rs 350 level on this one. Metals were strong and especially Sterlite Ind, expect another day of strong performance and is on the way to reach the Rs 300 level.
Auto stocks are in top gear and expecta repeat performance. Tata Motors is our pick in this sector. Dish TV Rs 22.50 is likely to spurt in a big way after some positive comments from the management on a break even way ahead of the target.
Watch out for midcap stocks in todays trade, as the midcap indices have not participated in the pull back and they might bounce back anytime. Investors could look at taking some postions in second rung stocks as there is a good trading opportunity. Overall a great day for the investors and traders a head, as fire works are expected to lighten up Dalal Street on Friday.
Investors have been clamoring for months for a bit of good news. On Thursday, they got a load of it. The DowJones industrials shot up 240 points, bringing its gains over the past three days to 622 points. It was the index's biggest three-day jump since last November. The Dow rose 239.66, or 3.5 percent, to 7,170.06. The Standard & Poor's 500 index climbed 29.38, or 4.1 percent, to 750.74. The Nasdaq composite index gained 54.46, or 4 percent, to 1,426.10.
Metals and banks are likely to be the front runners. As expected ICICI Bank had a good day on the bourses yesterday and is likely to add more to the 8 percent and expect Rs 350 level on this one. Metals were strong and especially Sterlite Ind, expect another day of strong performance and is on the way to reach the Rs 300 level.
Auto stocks are in top gear and expecta repeat performance. Tata Motors is our pick in this sector. Dish TV Rs 22.50 is likely to spurt in a big way after some positive comments from the management on a break even way ahead of the target.
Watch out for midcap stocks in todays trade, as the midcap indices have not participated in the pull back and they might bounce back anytime. Investors could look at taking some postions in second rung stocks as there is a good trading opportunity. Overall a great day for the investors and traders a head, as fire works are expected to lighten up Dalal Street on Friday.
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