Thursday, November 15, 2007

Sensex for 20000

Technically speaking: Indices traded between a broad range of nearly 900 points. Sensex traded between an intra day high of 19,988 . Advances outnumbered declines in the ratio of 2:1. Volume for the day stood at Rs 8,796 cr. Markets close just below 20050 which could be a good resistance. As we have been talking recently for big moves in Midcaps and smallcaps, the markets still look good for buy on dips for midcaps and smallcaps. The major gainers for the day were on the Banking, metal, Power, reality and consumer goods sector. European indices continues to trade in green.

For today
The market is expected to open on flat to positive
note today, however profit booking from Nifty life time high at
6010 levels cannot be ruled out. Traders are advised to assume
long position if Nifty sustains above 5950 levels for upside
targets of 5975 and 6010 levels. Alternatively, long position can
be assumed from lower supports at 5900 and 5880 levels.

Failure to close above 20k this time will cause severe pain to the bulls and we put the chances at 60-40 in favour of bulls.

Navneet Publications(RS.93.65 ) will pick up pace from here on for a target of Rs.120
We have a moderately bullish view on NTPC. We recommend a Bull Call Spread strategy:
o Buy One NTPC Nov 280 CA @ 13-14
o Sell One NTPC Nov 300 CA @ 9-10
o BEP: 284
o Investment: Rs.1,20,000 (Approx)
o Time Frame: 5-6 day

IVRCL Buy 495-500 sl 488 for target 520-522 in 2-3 Days

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Wednesday, November 14, 2007

Nifty to fly

As told Yesterday long nifty today one can see 5850+ ,Markets are likely to pare the intial gains but still close in the positive zone

Tech is the flavour of the day. Indian Markets as expected revered the trend yesterday and likely to open with a big gap today,

Buy IT Sector today looking good
Watch Out Icicibank ,Hdfcbank,Rcom,Sbi ........

BTST calls were Idbi,Rel, Nifty & many more.........

Dish Tv(rS.68.95) is still a value buy even at these levels. Watch for big moves towards the century mark

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Tuesday, November 13, 2007

Watch out

Nifty opening is flat
Above 5630..........Bulls will take NF to 5670....crossover will take to 5719

In this rally it can zooom to kiss 5732-5766

Break and close below 5481 level will create allround Panic

For long term delivery
Garmin(NASD : GRMN), VMWare(NASD: VMW) which has the potential to double from these levels in one year.

Promoter is busy buying Bhagawati Banquets(Rs.63.90). Stock eyeing century mark

Biocion target above 680 levels within few days

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Monday, November 12, 2007

Market ?????????

Stock market out look and over view



12th-Nov- 2007



Market down 1500 points time for buying or exit ??

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Friday, November 9, 2007

Happy and a prosperous Diwali in advance to all our subscribers and investors


Market is likely to be choppy in the Muhurat session today with select stocks likely to move up.

Redington(Rs.350.45) is upgraded by a leading brokerage firm with a target of Rs.450. A definite diwali winner for the coming year

Buy Sesa Goa 12 days Buy for a target of 4000 and above

Thursday, November 8, 2007

For 8th November 07

The market is expected to open on a negative note today following weak global cues;
traders are advised to assume long positions if Nifty manages to
hold above 5700 levels for immediate targets of 5780 and 5825
levels. Alternatively, short positions may be assumed below
5680 levels for targets of 5620 and 5550 levels . Crucial levels of
5700 on Nifty are to be observed closely for further direction.

On the options front no major activity was witnessed; Nifty 5800 call opti on has witnessed highest addition in open interest at 1.46 lakh shares.Nifty November futures added 5 lakh shares in open interest and premium of 15.75
points decreasing to a meager 0.05 points suggesting closure of
long positions in the index futures and fresh addition of shorts
from the highs

We recommend a Covered Put strategy:
o Sell One Satyam Nov Fut @ 438 - 442
o Sell One Satyam Nov 440 PA @ 24 - 28
o BEP: 466
o SL: 470
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 5-6 days


Tata Motors Sell Below 710 sl 722 for 675-680 2-3 Days

Pharma appears safe for the day. Intraday volatility is not ruled out. Not a good day for trade. Dhanus Tech(Rs.218.95) is likely to fall further. Stay away.

Happy and a prosperous Diwali in advance to all our subscribers and investors.

Wednesday, November 7, 2007

For November 07

The market is expected to open on a flat to positive note today; traders are
advised to assume long positions if Nifty holds above 5800
levels for upside targets of 5840 and 588 0 levels. Alternatively,
they can assume long positions from lower supports at 5750
and 5720 levels with a final stop loss placed below 5700.

Indian Markets might not pull back into the positive zone and slowly drift towards 18500 levels

Reliance makes a 2nd gas find in Krishna basin
Crude is trading at a all time high and ready to touch the 100 mark

Ashco Industries(Rs.34.90) is likely to be a multibagger in the coming months. The company bagged big deals last month

A reputed brokerage house is seen accumlating Garware Offshore.Watch out for the big trigger

Sugar sector Looks for Sell
We have a Moderately Bullish view on SAIL. We recommend a Bull Call Spread s trategy:
o Buy One SAIL Nov 260 CA @ 14 - 15
o Sell One SAIL Nov 280 CA @ 9 - 10
o BEP: 265
o Tgt: 280
o Investment: Rs.2,60,000 (Approx)
o Time Frame: 7-8 days


STER Buy 980-990 sl 950 for target 1050-1055 2-3 Days

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