Indices to scale to new highs

Bullish momentum is likely to continue on D-Street as there seems to be no stopping for the bulls in Mumbai.Expect the benchmark index or the Sensex to gain more than 50 points or so, to break the key technical level of 17,750.00 and the Nifty is sitting pretty strong above the 5,300 level

Toll road operator IL&FS Transportation Networks is expected to list on the bourses today. The company whose shares were priced at Rs 258 might command a premium of nearly 30 percent. Analysts expect the stock to hover around Rs 290 to Rs 300 level, we peg the traget of the stocks at Rs 330 or so.Other stocks in the sector like Noida Toll and IRB Infra might see some sctivity on the eve of the listing.

Heidelberg Cement is one stock that is looking technically strong after gaining more than 10 percent on volume of 7 million shares. We see the stock scaling to new highs soon. Spectacle Ind, Pipavav Shipyard were among other stocks that looked good from a traders perspective. Ankur Drugs, Clutch Auto, Sterling Bio and Noida Toll are some of the stocks to watch out in today's trade

Listless market looks for direction

WEEKLY ITECHNICAL ANALYSIS FOR NIFTY:
WEEKLY STOCHASTIC RISING UP. SIMILARLY WEEKLY W%R HAS BOUNCED UP FROM JUST SHORT OF THE LOWER ZONE AND CROSSED THE NEUTRAL LEVEL. THESE ARE EXTREMELY BULLISH INDICATIONS. MORE IMPORTANTLY THESE INDICATORS HAVE GENERATED HIDDEN DIVERGENCES WITH NIFTY MAKING HIGHER LOWS FROM JULY 09 TILL MARCH 2010 WHERE AS THE INDICATORS MAKING LOWER LOWS, CLEARLY DEPICTING CONTINUANCE OF THE UP TREND INDICATED BY NIFTY. WEEKLY RSI IS GRADUALLY INCHING UP & NOW ABOVE 56 AT 62 AFTER GENERATING
SIMILAR HIDDEN DIVERGENCE. TREND INDICATOR THE WEEKLY ADX HAS GENERATED STRONG BULLISH SIGNALS WITH POSTIVE DMI AT 25 ABOVE BOTH ADX AT 22 & NEGATIVE DMI AT 19. WITH BOTH ADX AS WELL AS POSITIVEVE DMI TURNING UPWARDS AT THESE LEVELS, CLEARLY INDICATES A LONG TERM UP MOVE OF MANY MORE WEEKS.

IN CONCLUSION: NIFTY RUN IN LINE WITH INTERNATIONAL MARKET, ALL WORLDS IS SUPER OVER BOUGHT POSITION AND NOW NEED TO SEE WHAT INTERNATIONAL BASED OPERATOR HOW PLAY THEIR CARDS. IF A CORRECTION COMES THEN ITS HEALTHY FOR MARKETS, AS NIFTY IS EXTREEMLY OVERBOUGHT IN DAILY CHARTS. WE ADVICE THAT STAY AWAY FROM ANY FRESH BUYING AND DON’T SEE GLOOMY PICTURE –!!
1. NIFTY RESISTANCE – 5307 – 5311 – 5345 – 5362 - 5395
2. NIFTY SUPPORT – 5262 – 5245 – 5205 – 5180 - 5160

Investors in Dalal Street are growing impatient with the growing uncertainty in the predicting the direction of the indices.Expect the benchmark index or the Sensex to trade in a band of 50 to 80 points, as it has been the case for the past month or so.

Auto and Banking stocks led the gainers list on Friday, as there was some fund buying in select counters to prop up the fund NAV's.Tata Motors, M&M and ICICI Bank were among the select gainers among the largecap stocks. Midcap stocks like Valecha Eng, Finolex Ind, Murli Ind and Aegis Logistics were among the major gainers. We Himdari Chemicals. in which Bain Capital has taken a significant stake few months ago has seen a good beark out and has gained by 15 percent to Rs 483.00. We expect the stock to double in the next 12 months.

We advice investors to have minimum exposure to the markets at the current levels. All indicators point to heated market at the current levels. It is a good idea to trim your holdings, if you are heavily invested in the markets. Traders who could take some risk could take short term positions in Jayshree Tea, Sabero organics and Micro Technologies

Investors wait for fresh triggers before taking stock

Stocks on Dalal Street might trade within a narrow band, as there is less clarity for the investors to make bets on either side. Expect the benchmark index or the Sensex to trade within a band of 60 to 70 points for the day

There was a dramatic recovery in trade towards the end of the day, yesterday. Most of the action was due to the manipulation ahead of the Futures expiry. Healthcare and Consumer Goods were the two sectors that were responsible for the up move.

Investors are cautious in the current markets as the there are no new triggers. The good news that came in the form of low interest rates for extended period, while fresh woes regarding Greek debt problems tempered the bullish sentiment.

We have seen a great deal of activity in the Midcap Pharma space. It looks like the passage of Healthcare reform has had a positive impact on Mid and Smallcap firms. We are of the opinion that the spike we have seen is not warranted for, and it is a great idea to book profits in these stocks.Ajanta Pharma, Panacea Biotech, Syncom Healthcare and Piramal Life were up in a big way. Piramal Life which is in to Research has nothing to do with this, but has been gaining for the past few days

F&O expiry to influence the Indices

NIFTY STARTS MAKING DOWNWARD SLOPS... NIFTY BIG RESISTANCE AT 5255 – !! NIFTY NEEDED CORRECTION –!!

NOVIS AND UN-MATURED TRADER OR CHINDI CHOR ANALYST + CALL PROVIDER SAY…
1. “MY FOOT – CORRECTION” OR,
2. WHAT IS CORRECTION ???

MY ANSWER ALWAYS AS – “CORRECTION IS CORRECTION AND IT’S NEEDED IN TECHNICAL TERMS…” SO WAIT FOR A GOOD AMMOUNT OF FALLING CORRECTION OR SIDEWAYS CORRECTION.”

BEING TODAY IS LAST DAY OF MARCH SETTLEMENT, SO OPERATOR AND FII BOTH TRY TO MANAGE NIFTY AT THEIR OWN LVLS COZ THIS MONTH THEY BUILD – UP HUGE POSITION IN CASH - FUTURES AND OPTIONS.

TODAY EVENING WE GET CLEAR ROLL OVER POSITION – THAT HELPS US TO VIEW CLEARER PICTURE ABOUT MARKET FUTURE.

BE CAUTION ON BUYINGS… BUY ONLY THOSE SAHARES WHICH IS FALLING IN LAST FEW DAYS AND IN THOSE SHARES WHERE CORRECTION IS COMPLETED.

1. NIFTY RESISTANCE – 5255
2. NIFTY SUPPORT - 5177

Indian markets are likely to flat on the last day of F&O expiry. Expect the benchmark index or the Sensex to trade in a band of 50 points for the day. Negative cues from the global markets might not impact the indices on D-Street, as stocks in Mumbai did not take part in the global upmove yesterday, as they were closed on Wednesday.

Oil stocks were active on Tuesday led by ONGC and Reliance. we might see some consolidation in this space following a fall in Oil prices.Oil prices settled below $81 after the data pointed to a larger-than-expected jump in U.S. crude inventories last week.

Midcap Pharma and related stocks were active and were the top gainers on Tuesday. Piramal Life, RPG Life and Suven Pharma are worth mentioning in this space. Telecom stocks like Shyam Tele and Aksh Optifibre led the gainers list.

One of our favorites, Tata Elxsi which broke the techincal level of Rs 300 last week witnessed strong buying interest helping the stock gain 8 percent to RSs337.Short term investors could look at taking positions in Emco Ltd, Sabero Organics and Micro Technologies for some decent gains

Things look up, after a day of correction

WE USE OUR “WATER-LVL” TOOLS AS “BRAHMASTRA” – NIFTY YESTERDAY BREACHED WATER-LVL BUT CLOSED AT THE SAME POINT (5205) WHERE WATER-LVL AND NIFTY CLOSING CROSSING EACH OTHER. ANY CLOSING BELOW 5205 IS REALLY LIKE PUT BUTTER IN BURNING FIRE.

AS THIS IS LAST MONTH / WEEK OF FINANCIAL YEAR – SO I SEAT IN SAILENT MODE AND WAIT FOR MORE CLEAR DIRECTION. I AM CARRYING “HEDGE” POSITION WHERE FEW GOOD STOCKS ARE IN BUYING MODE AND FEW INDICIES ARE SHORT

Stocks look to bounce back on D-Street after a decent correction on Modnay. Expect the benchmark index or the Sensex to give up more than 0.5 percent or 100 points for the day.There might be some select buying in quality largecap stocks as funds have been lately abondoning Midcap stocks

Realty and Metal stocks were hit hard yesterday with both the sectoral indices gaining 4 and 2 percent respectively. One could see continued weakness in Realty in the near term, but Metals sector might recover in the near future.

Among the Midcaps, Syncom Healthcare stood out gaining more than 12 percent at RS 123as speculators bid the stock up. There is no doubt in our mind, that the stock is not worth more than Rs 80 and not more. Other movers include, Suven Life, KEI Ind, Lyka Labs and Man Infra, which gained more than 5 percent for the day.

We are of the opinion that one should stay away from the markets even today. The market is going to open up and move higher today. Do not expect sky rocketing gains, as there might be selling coming in at higher levels. Engineers India Ltd. Solar Ind, Emco Ltd and Cholamandalam DBS are some of the stocks to keep on your radar.

Bears might get a chance to make some noise on D-Street

Bears might finally get a chance to make some noise on Monday, after the RBI announced a 25 basis point hike in reverse repo rate suggesting that we might be nearing a point we might be near to a interest rate hike. Expect the benchmark index or the Sensex to give up one percent or more than 150 points for the day.

Telecom and Banking stocks were active on Friday,led by moves in Bharti Airtel, Idea Cellular and Reliance Comm. While Banking pack was strengthened by gains in PNB and SBI.Auto's might be the favorite sector for the bears as RBI's move to suck the liquidity in the system might impact vehicle sales. Stay away from Tata Motors, M&M and Hero Honda. Banking is another space that might see some profit booking in the short term.

Coming to the Midcaps, our call on MSK projects was on target with the stock hitting a 20 percent upper circuit on Friday. Another favorite of ours, Jubilant Food works added 17 percent to finish at Rs 344. We recommend booking profits in this stock at current levels.we do not want to blow our own horn, but S Kumars Nationwide, which was mentioned positively yesterday moved up by 19 percent to Rs 64. It is not a bad ides to trim your holdings at this price. Unfortunately, We do not have any picks for today, as we believe that Bulls need a break now, and let Bears play for a day

Market to end flat, action to be stock specific

Green seems to be the favorite color for the investors on Dalal Street as the market has refused to close in red for the past few days. We Expect another day of flat trade with some stock specific action. We see the Sensex trading in a band of 100 points for the day

AS WE SAID YESTERDAY THAT NIFTY AFTER OPEN – FACE SELLING PRESSURES OR PAUSE – SAME THING HAPPEN !!

NIFTY OPEN IN-LINE OF ASIAN MARKET AT 5232 AND SOON CLIMB-UP AT 5255 AND THEN SELLING PRESSURE STARTS IN NIFTY. ON THURSDAY NIFTY TAKEN SUPPORTS AT WEDNESDAYS LOW I.E., NIFTY FUTURE AT 5221 (NIFTY CASH AT 5214).

THE MAIN THING SEEN IN NIFTY THAT NIFTY NOT BREACHED OR TOUCHED WEDNESDAYS HIGH AT 5177 BUT TAKEN SUPPORT AT WEDNESDAYS LOW.

IT SEEMS THAT THE BULL LOBBY IS STRONG BECAUSE THEY HANDLE ALL SELLING PRESSURE AT 5220, ON THURSDAY WHEN NIFTY REACHED THIS LVL - BULL'S PICKED NIFTY BY GIVING SUPPORT TO BANKING SHARES AND THERE LAST WEAPON , NOT OTHER THEN - RELIANCE IND !!

OTHER THEN THIS, THERE IS NO CHANGE ON CHARTS AS PER OUR YESTERDAYS ANALYSIS. SO READ AGAIN THURSDAY’S DETAILED ANALYSIS…
SAME LVL'S WORKS, SO READ NIFTY LVLS ON OUR NEWS LETTER DATED 16TH MARCH, 2010

It was the turn of Banking sector yesterday with the sectoral index gaining more than 0.6 percent. Technology was another sector that looked good.ICICI Bank and Axis Bank were among top gainers in the Nifty 50 stocks. Idea cellular was the top gainer with a gain of more than 4.7 percent on huge volumes.

Skumars Nationwide is one stock that is looking terrific even after gaining 12 percent yesterday. The stock gained after the news hit the wires that the company is looking to raise $150 million by listing its subsidiary Reid & Taylor.Piramal life and Tyre stocks like CEAT and TVS Srichakra are other gainers.

The stock of MSK projects is likely to shoot up after Welspun group announced plans to buy 75 percent stake in the company for Rs 400 Crores. We see the stock to Cross Rs 200 from the current level of Rs 128.Watch out for select Infra stocks to shoot up on this news. Traders who have taken position in Dalmia Cement could exit the stocks on a gain of 5 to 10 percent today, as the stock might gain on the demerger news. Also book profits in Jayswal Neco after a 2 to 3 percent move today at Rs 38 level