Thursday, December 4, 2008

Concentrate on Bomdyeing & LITL futures for upmove

Our, Trading Call of ICICI BANK flared, exactly , as per our expectation and hit 337.95 Mark, Yes , Our Target Was 335, We Hope u Enjoyed.

* Our, Trading Call of HDIL flared mind-blowing and hit 79.40 , Yes Our First Target Was 78.90 , So, Hoz that.

* Sms, Was Sent to Buy DLF @ 189 and after that It's flared Upto 194.80 , Still Holding this For Today's Trade.

* Sms, Was Again, Sent to Buy ICICI BANK at 329 Mark, and then, in Future Segment, it's Flared Upto 339 Mark

For Today

Later in the day, there could be some cooling off due to the persistent
lack of buying and worries over the economic downturn. Traders are
advised to use every spurt as an opportunity to exit. Levels of 2,770 and
2,850 are the next resistance zone for the Nifty

Strategy on Future and Option
~ Long Bank of Baroda December Futures @Rs248 for the target price of Rs261-265 and stop loss placed at Rs242.
~ Long Satyam December Futures @ Rs230 for the target price of Rs239-242 and stop loss placed at Rs226.

CESC (BUY, CMP Rs226, Target Rs253)

CESC recorded its 52-week low of Rs165 in late October 2008. Thereafter it stock rallied smartly to a high of Rs248 levels
in early November 2008. Sharp rally in the past couple of days accompanied buy decent volume is likely to see the stock
touching its quarter high of Rs245. Daily chart indicates formation of higher bottom and lower bottoms. The Short term
support level for the stock is placed at Rs218 levels. The daily momentum oscillators like RSI and MACD has generated a
buy signal. Keeping in mind the above mentioned technical evidences, we suggest traders to buy the stock at current
levels and on declines to support of Rs222-226 with a stoploss of Rs217 for target of Rs245 and Rs253.
Insider Trades:
Dabur India: Mr. Sunil Duggal, CEO has sold 25,045 equity shares of the company on December 1, 2008.
Ansal Housing and Construction: Deepak Ansal, CMD has purchased 3,359 equity shares of the company on
December 2, 2008
Gitanjali Gems: Mehul C. Choksi has purchased 30,000 equity shares of the company on December 2, 2008.
Among the major bulk deals; Bajaj Holding and Investment bought 3.8mn shares of Bajaj Finserv.

Wednesday, December 3, 2008

Buy Realty and Commodity stocks

* Everything & Everything is On Target, Just See, SMS WAS Sent to Buy UNITECH @ 22.50 When, it Was 4% Down, After that's It's Flared Like Anything and Up Almost 12% , and Hit 26.40 Mark.

* Sms Was Sent to Buy, HDIL @ 70 After , that's It's flared Like Anything and Hit 76.35 Mark.

* Sms, Was Sent to Buy, ICICI BANK @ 320 After that's It's Too Flared Like Anything and Hit 330 Mark.

* Our Trading Call of SUZLON , DLF & ICICI BANK achieved their Target Smoothly.

sheth_jg (02-12-2008 15:12:08): Risky Traders Buy NIfty Futures @ 2650 again with a strict sl of 2630 (***corrected). 3Target 2750 and 2900 in Next 3 Trading Session. Take A Risk Of 20 Pts

FOR TODAY

The big news today is that SEBI ,in a bid to increase liquidity and trading volumes on India’s stock markets has extended the existing facility of cross-margining across cash and derivative segments to all categories of market participants. This move along with the positive global markets might fuel a rally in the Indian equities.

Buy icici Bank,Tata steel

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Wednesday, November 26, 2008

Market seen opening firm

Nifty Spot: A higher opening attracted profit booking by traders. The 2825-2856 points’ area is a crucial supply zone which the Bulls need to absorb for fresh upswing. Pivot in the Nifty is pegged at 2672 points with 2715 and 2770 as the next resistance levels. Support in declines is at 2618 which if broken can test 2580-2560 and 2520 in a pessimistic scenario. Markets are expected to remain swinging as we inch closer to November F&O expiry, trade with a stop loss.

Nifty spot Resistance: 2672, 2715, 2778, 2825, 2856, 2880-2915
Support: 2618, 2585, 2556, 2520.

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Tuesday, November 25, 2008

Ongc is King today

Dont sell nifty till 2925 levels

Buy rcap.ongc

Today, Nifty would have a support at 2,640 and resistance at 2,855 and BSE Sensex has support at 8,830 and resistance at 9,395

Monday, November 24, 2008

Low opening but later good week

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Reliance Capital opens high and sell the stock on strength at around Rs.462.5/471 with a stop of Rs.481. The stock will have retest the lows once again in 48 hours. The key is Rs.458


Nifty Spot: The Nifty gained over 5% on a see-saw day of trading. After 7 days of Bear dominance; we are seeing a bullish candle. A contra-trend rally may be on the cards; but at this moment one should treat it as “running correction” and wait for a confirmation in the coming days. Resistance to the rise is pegged at 2770 and 2852 points. A decisive close on volumes above 2856 can lead to further upside. Support in declines is at 2655 and 2580 points. It would be prudent to trade in option-calls of heavyweight stocks. Keep taking profits and a strict stop loss is must as markets will be volatile.

Nifty spot Resistance: 2770, 2825, 2856, 2880-2915
Support: 2652, 2620, 2585, 2520.

Thursday, November 20, 2008

Sell Icici , Rcom

ICICI Bank is in news because of Fitch's warning on the deterioration of the company's weakening asset quality. The stock might take a big hit today as the sentiment for the financial doesn't look great either. Stay away from banking stocks for another week, as the prospects for this sector look bright in the near term. Watch out for another round of selling in Realty and we might see big drop in DLF and other realty stocks. There will be broad based selling across the board and even blue chip stocks wont be spared in the current scenario.

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Nifty buy In 2 parts 2500 n 2430 on dips

Wednesday, November 19, 2008

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Maruti may attract some attention as it is to launch its latest compact car, the A-Star.
Sugar stocks may also hog the limelight, as the Allahabad High Court continues its hearing in the UP sugar mill case. The court yesterday refused to pass any interim order, staying the sugarcane SAP set by the UP government.
Also watch out for Ess Dee Aluminium, which has received BIFR clearance to acquire India Foils from Vedanta group.
Airlines might gain on reports that the Government is likely to classify ATF as 'declared goods'. This will bring down sales tax on jet fuel, from over 20% at present to 4% across India.

ICICI Bank is on the edge. Resistance is at Rs.373/378 (STOP at Rs.384). The stock could head down to Rs.340