NSE Alert

NIFTY down 158 points......
If it closes above 5320 then chances of moving up.........

NSE Alert

NIFTY down 144 points...................!!!!!!!!????

market alert

LOOK.........!!!!!

NIFTY (spot) hasn't breached our support of 5343. If it doesn't then we may expect another round of rally upto 5500

NSE Alert

NIFTY-

NIFTY has started showing negative divergence on the chart. I feel that if it do not hold support of 5350, 5320 levels then it might be possible that we may see 5100, 5000, 4800 levels on nifty.

Todays Trading Strategy
Bears take hold of situation if NIFTY starts trading below 5411. Below that mark it will try to test 5385 and 5343.

LEVELS for BULLS………

BULLS will dominate market only above 5453. If NIFTY continue to trade above 5453……..more power will be added by bulls to take nifty to the levels of  5473, 5500 and 5540.

SBI

Yesterday I had written that this counter has started showing negative divergence.Now after broking all supports, the downside of this stock has been expanded to 5500, 5450. So wait for while and buying should be initiated around 5450 levels.

NSE alerts

Due to tension in Libya and other middle-east countries supply of crude has been widely affected leading to a short term uptrend in crude. This incresase will show positive effect on prices of cairn India stock. So keep a watch on cairn india......this unrest in mid-east countries may continue for a month or more. So within in a month prices of CAIRN India may soar to 360-375.

So keep a WATCH........!!!!

NSE alerts

NIFTY-

Bears will take hold of situation if NIFTY starts trading below 5464. Below that mark it will try to test 5438 and 5410.

LEVELS for BULLS………

BULLS will dominate market only above 5485. If NIFTY continue to trade above 5485……..more power will be added by bulls to take nifty to the levels of  5502, 5515 and 5540.

SBI

This counter has started showing negative divergence on the chart. So avoid buying.

It has a support at 2680 and 2646 with immediate resistance at 2710. If it starts trading above 2710 and 2735 then on the upside it can touch 2800 and 2835. So buy with strict SL and lot of caution……..!!!

NSE alerts

NIFTY Trading Levels:

PIVOT-5485
R1-5558, R2-5598, R3-5671
S1-5445, S2-5392, S3-5340,
.

Buy tips

Buy Mphasis CMP 674.15
Target 690, 695 SL- 665

market updates

Hang Seng  Dwn 2%
Nikkei  Dwn 1.96%
Shanghai Dwn 2.12%

NSE Alert

Market has rebounded from the support level that we have suggested.........

Market rumours.......

WAIT &WATCH...............!!!!

NFL, Chambal Fertiliser, RCF......all fertilizer stocks..........
There is something in the budget...........which can move these stocks to a higher levels.....!!!!

NSE Alert

 

	PP	R1	R2	R3	S1	S2	S3
NIFTY	5500.0	5558.0	5657.0		5401.0	5343.0
SBI	2772.0	2804.0	2847.0		2728.0	2695.0	2652.0
Hindalco	211.0	214.0	220.0		205.0	202.0	197.0
T. Steel	644.0	654.0	671.0	681.0	627.0	617.0	600.0
IDBI	135.6	138.6	143.9	146.9	130.3	127.0	122.0

NIFTY-

After Fridays fall, Nifty again slipped below all the moving averages except 7 & 11 DMA. Therefore Nifty may try to take support at 5421 and 5392. If it breaches 5392 then it may test 5350 in today’s trading session.

Nifty will be bullish only if it continue to trade above 5450. More power will be added if it touches 5475 and then it will touch 5495 and 5515 in today’s trade too.

On Friday it started developing bearish engulfing pattern but not yet confirmed. So trade with caution and strict Stoploss.

SBI-

It is trading still above its 25, 7, 200 and 11 DMA. Therefore these averages will act as supports. So SBI will show support at 2730, 2700 and 2690. I feel in banking sector, SBI will outperform if it continues to trade above its 200 and 11 DMA.

So keep buying SBI with SL-2680 and NIFTY SL-5350

IDBI-

This counter is trading below all the averages……a weak counter. So buy it only if it starts trading above 138 with SL of 135. If market falls it may touch 120-122.

HINDALCO-

This counter is trading well above its 200DMA but overall its move is weak. Its immediate strong support lies at 200 and 191. In my opinion I will maintain buy on this counter around 202-204 with SL 200. In forthcoming days it may touch 220-225.

NEWS-update

Govt agrees to JPC probe
The government has bowed to opposition demands for a Joint Parliamentary Committee (JPC) investigation into a major telecom corruption scandal, lawmakers said on Sunday, in a move to end months of deadlock and ensure passage of the upcoming Budget.
"The government has agreed to a JPC (Joint Parliamentary Committee)," Gurudas Dasgupta, leader of the Communist Party of India, said after leaving a cross-party meeting in New Delhi.

This news may turn the movement of market in favour of bulls.....???

market updates

Yesterday the market behaved abruptly under pressure of profit booking. After a long run of almost 375 points it was not an unwarranted situation. Only the technical analysts were aware of  32.8% to 50% retracement of market from the lowest point of 5178 from where it bounced back. Yesterdays profit booking was expected but I didn't thought that it would be such a big one.
But still I feel that the market fundamentals are strong. Only the forthcoming event of budget is the only event that we all are waiting for. As I  have written 3-4 days back that market may test 5300-5340 levels in days to come because this is the gap that market has made in earlier days which it will try to fill in days to come.

Overall, there is nothing to worry.....this was only a bout of profit taking. I feel that it wont break 5150 level. In case it goes below 5150 level then it would become a serious question...?

Eco pieces

Chinese tightening measures have had limited effect on base metals so far, but eventually they will take their toll, suggests Edward Meir, analyst with MF Global. Chinese authorities are upping the bank reserve ratio requirement another 50 basis points. Meir notes that metals are mixed, with copper, tin, and nickel all down slightly, while the rest post modest gains. “So far, Chinese measures to cool the economy off do not seem to have had much effect, which is why metal markets have brushed off each successive rate or reserve hike,” Meir says. “However, we believe the slower pace of activity is a matter of when, not if, and a more significant downside move in metals will eventually come our way once Chinese macro data starts to reflect the impact of these moves whose impact on the economy will only grow after each round higher.”

So may be in forthcoming days we can see some pressure on metal stocks......??

NSE Alert

NIFTY-

Yesterday NIFTY crosses its 50DMA thus showing some strength to scale towards 5600 and 5650. If it continuously trades above 5550 then buying on dips should be exact strategy.

Further NIFTY also shows positive divergence on the chart which further strengthens its position.

 

Trading Strategy

 There may be some pause on NIFTY because of almost 380 points rally. So it is better to take some profits.

	PP	R1	R2	R3	S1	S2	S3
NIFTY	5520.0	5578.0	5610.0	5668.0	5488.0	5450.0	5430.0
SBI	2769.0	2798.0	2817.0	2846.0	2750.0	2721.0	2702.0
Hindalco	212.0	213.7	215.9	217.5	209.9	208.3	206.1
Tata Steel	651.0	660.0	666.0	676.0	645.0	635.0

HINDALCO

Since in this whole metals rally HINDALCO hasn’t performed so buying it would be a risky call. If one wants to buy, buy it around 208 and keep SL of 205. There is negative divergence on chart therefore, a weak call.

 Compared to Hindalco, Tata Steel is better call.

TATA STEEL-

Due to astounding Quarter results, it’s a buy call but in a planned mode. Since it has rallied all the way from 578 to 656, I feel it will cool down a little. So buy on dips is correct strategy.

STATE BANK OF INDIA

Next major resistance is 2850. So buy cautiously with strict SL of 2710

NSE Alert

State Bank Of India

CMP-2785; Given to buy at 2680 on 14-02-2011, book full profits.

NSE Alert

NIFTY STRATEGY

Go Long at / above 5460. Keep Stoploss at 5454 Target 1 is 5476.8.
Go Long at / above 5466.42. Keep Stoploss at 5454.54. Target 2 is 5487.8.
Go Long at / above 5474.56. Keep Stoploss at 5466.42. Target 3 is 5501.75.

TATA STEEL

Go Short at / below 644.5. Stoploss at 645. Target 1 is 620.55
Go Short at / below 635.35. Stoploss at 645. Target 2 is 616.55.

NSE Alert

Today the markets moved in a
very tight range of 35 points. It seems that
the market players are waiting for the budget to decide the
course of movement. In spite of market rangebound moves TATA STEEL, UNITECH, JP ASSOCIATES were the star performers. Further LT, HDFC & IDFC were the favourite counters of short sellers.

Markets today also failed
to break the level of 5510 which 

seems to be a tough resistance for the market. 

If the market fails to break 5510 in days to come then
we can see some distressed profit booking which may lead the market 
to the level of 5450.

NSE Alert

SBI

Time to celebrate.................it hit 2770.00

Book Partial profits and Hold for 2800.00

NSE Alert

TATA STEEL 

It achieved our target of 638 ..........book profits...........

NSE Alert

NIFTY

Today's.....Above...5483.00...it favours bulls Only...and

May Try to Hit........5500.00 and than...5520.00 too in Today's Trading Session.............

Bears are active only below 5449......

Bears May Try to become active only  Below....5449.00 Mark...Below that Mark....NIFTY FUTURE May Try to hit......5420.00 and 5394.00 too in Today's Trading Session....Watch Carefully

STATE BANK OF INDIA

Banking Looks Great......

 If it remains above 2732, may try to hit 2770, 2820 in todays trade. 

Keep SL of 2681.00

TATA STEEL

Yesterday result of TATA STEEL was astounding.......
Buy it Around 612-615

Will try to hit 630, 638

Keep SL of 607.00 

 

NSE Alert

SBI crosses 2720............hurray..........!!!!
CMP  2750.00. hold for 2800,2850 with SL2720

NSE Alert

NSE updates -

	PP	R1	R2	R3	S1	S2	S3
NIFTY	5420.0	5499.0	5543.0	-	5376.0	5296.0	-
SBI	2671.0	2733.0	2768.0	2830.0	2636.0	2574.0	2540.0
Hindalco	214.2	224.0	230.5	-	208.6	197.0	-
Tata Steel	614.0	629.0	637.0	-	605.5	590.0	-
IFCI	51.2	52.2	52.8	53.7	50.6	49.7	-

Keeping SL of 5150………on NIFTY and start accumulating stocks….!!!!

And keep celebrating every profit…….!!!!

NIFTY- It is trading above 11 DMA  but below its 25, 50, 100 & 200 DMA. So keep SL of 11 DMA that is at 5384 and buy on dips. The last SL will be 5365. If it closes below 5365 then the mkt will turn into bearish mode moving down to 5350, 5320, 5300. Therefore Trading Range for NIFTY would be from 5365 – 5500. More power will come if it manages above 5450 levels.

Also there would be some pressure on NIFTY keeping in view the world mkts.

What I feel nifty may touch 5310-5340 before going up to 5550    ( remote possibility).

                             

SBI- The possible targets for SBI may be 2850-2900 if it manages to close above 2720, its 200 DMA. Yesterday SBI has taken out its 50DMA at 2681. It has also shown positive divergence on its charts and also formed bullish engulfing pattern confirmed by yesterdays move.…..so unless the mkts sentiment turns negative, SBI may ROCK ON…..!!!

TATA STEEL- This counter is also trading below its 100DMA. It is trading in the range of 575-650. Next major resistance for it would be 650. Hold it and buy on dips.

IFCI- This counter is also moving below its averages. Its next resistance is its 25DMA at 54.75. If it manages to cross 54.75 it may touch 58, 60 levels. It has started showing positive divergence on the chart so I suggest to hold this counter for some more gains.

HINDALCO- This counter is trading near to its 100DMA. If it manages to cross 220.80 then its next resistance is at 231.00. So buy on dips with SL 207.00 

Also keep watching BF Utilities, KIRI Dyes……

Budget updates

BUDGET 2011 DATE UPDATES:
21 Feb - Budget Session of Parliament Begins
25 Feb - Railway Budget
28 Feb - General Budget 

Before Railway Budget is presented pick rail related stocks. There is high probability that these stocks may move higher....
Watch Texmaco, Titagarh Wagon, Kalindee Rail.


Also watch Fertilisers stocks and Banking stocks as well before General budget is presented.

NSE-Alert

Tata Steel facing resistance at 620.00 Hold with SL of 607.00

NSE-Alert

Watch IFCI- Resistance at 54.50. If it manages to close above 54.50 then it can go upto 60.00. If it fails then it can see some selling pressure. ( If mkt turns negative then it can touch 45.35) So buy with Stop Loss of 47.20

NSE - Alert

NIFTY crosses 5410 can scale upto 5445. SBI cmp 2666......unable to cross 2670

MKT-NSE alert

See.... NIFTY is struggling to cross 5410 SBI is struggling to cross 2670

Market stats on 14-02-2011

World Market stats-

Hang seng - up 0.70%

Shanghai - up 1.34%

Nikkei- up 0.76%

Nifty

Pivot= 5270,

R1-5360, R2-5410, R3-5502,

S1-5218, S2-5178, S3-5127

It had fallen all the way from 5556 and had touched the low of 5178. If it manages above 5322 in todays session then next possible targets may be 5367 and 5411.

Keep Stop Loss -5100

SBIN

Pivot-2560

R1-2634, R2-2676, R3-2750

S-2517, S2-2442

It is moving in a channel band of Rs.2450-2710. Therefore it may face resistance at 2710-2720. If it manages to close above 2720 then it can move upto 2850.

HINDALCO

Pivot-218,

R-218, R2-225, R3-233

S1-203, S2-194, S3-187

If it closes below 205 then exit all longs in this stock. It has an upside potential upto 228 but structure is negative.

TATA STEEL

Pivot-591

R1-607, R2-619, R3-635

S1-579, S2-563, S3-551.5

If it closes below 575 then exit long. It may touch 525

Also watch BF Utilities, Uflex in todays trading session.

Basic Stock Investing Rules-

1. Buy Low and Sell High
2. Always use stop loss while buying at Low.
3. Stocks move in the trend or the direction of the market movement.
4. Dont try to time the market or make reasons for the market movement.
5. Always book profit.
6. Always learn from your mistake and experience.
7. Keep investing at lower levels.

Data to WaTcH

Today China may come out with its trade balance index data and it is expected that it will show a decline of almost 30% as compared to previous data leading to a development of negative sentiments in Chinese markets and creating some pressure on commodities as china is the largest consumer of copper and other base metals. The Trade Balance index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments. Export data can give reflection on the growth in China. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the CNY.