Outlook and trading calls for 28Feb07
Nifty: 3893.90 -48.10 Points Sensex: 13478.83 -170.69 Points
FII Activity:
Cash Segment: 503.38 crores net sellers
Index Futures: 687.99 crores net sellers
Stock futures: 40.24 crores net sellers
Advance Decline ratio: 551:468
Outlook for 28Feb07:
Today the markets will be very volatile. It is a big day for the markets. FIIs have sold nifty futures. Total 3400 crores in 3 days and 1100 crores sold in cash in 2 days. Technically also the Nifty futures 15 days moving average has cut 30 day moving average from the top. All this suggests that every higher level is an opportunity to sell Nifty futures and buy puts.
No fresh positions advocated as of now , one can consider buying the scripts recommended yesterday at every dips .
Wednesday, February 28, 2007
Tuesday, February 27, 2007
Nifty: 3942.00 +3.05 Points Sensex: 13649.52 +16.98 Points
FII Activity:
Cash Segment: 596.15 crores net sellers
Index Futures: 1036.11 crores net sellers
Stock futures: 219.24 crores net buyers
Advance Decline ratio: 506:510
Outlook for 27Feb07:
Yesterdays recovery in the afternoon session was just a eye wash. There is more downside left in the market. Even though technically it looks like a good recovery the FII figures are disturbing. They have sold an astonishing 2600 crores of nifty futures in the last 2 trading sessions. The nifty futures turned to 10 basis points premium from the 4 basis points discount yesterday. I would again request all of you to be cautious at higher levels. The budget is just round the corner it is advisable to stay out and watch the markets shape up. For today the Nifty should take support at 3917 and 3835. On the higher side it should face resistance at 3955, 4000 and 4040. Large cap technology stocks are looking weak.
No Trading Picks for the day
How ever long and medium term investers could buy at all the dips ,Stocks o look out for are
IDFC ,Orchid Chemicals , India infoline, leading edge technologies(Trigyn technologies).VSNL, TCS,Sail.
FII Activity:
Cash Segment: 596.15 crores net sellers
Index Futures: 1036.11 crores net sellers
Stock futures: 219.24 crores net buyers
Advance Decline ratio: 506:510
Outlook for 27Feb07:
Yesterdays recovery in the afternoon session was just a eye wash. There is more downside left in the market. Even though technically it looks like a good recovery the FII figures are disturbing. They have sold an astonishing 2600 crores of nifty futures in the last 2 trading sessions. The nifty futures turned to 10 basis points premium from the 4 basis points discount yesterday. I would again request all of you to be cautious at higher levels. The budget is just round the corner it is advisable to stay out and watch the markets shape up. For today the Nifty should take support at 3917 and 3835. On the higher side it should face resistance at 3955, 4000 and 4040. Large cap technology stocks are looking weak.
No Trading Picks for the day
How ever long and medium term investers could buy at all the dips ,Stocks o look out for are
IDFC ,Orchid Chemicals , India infoline, leading edge technologies(Trigyn technologies).VSNL, TCS,Sail.
Monday, February 26, 2007
Trading calls for 26Feb07
Nifty: 3938.95 -101.05 Points Sensex: 13632.53 -388.78 Points
FII Activity:
Cash Segment: 343.04 crores net buyers
Index Futures: -1547.34 crores net sellers
Stock futures: 17.16 crores net buyers
Advance Decline ratio: 100:934
Outlook for 26Feb07:
The correction is nearing its end. Don’t panic and sell stocks. The markets would recover either on Monday afternoon or Tuesday afternoon. The FIIs have started buying in cash. The cement stocks have been battered. Time to accumulate at lower levels. For Monday the Nifty should find support at 3910-3892-3835 and should find resistance at 3965-4000-4040.
Futures Trading Calls:
Buy CNX IT at lower levels with strict stoploss 5470.
Buy Nifty futures at lower levels with stoploss 3875.
Buy Ashok Leyland at lower levels with stoploss 40.90
Buy Grasim at lower levels with strict stoploss 2205.
Buy L&T at lower levels with stoploss 1562.
Buy Polaris at lower levels with stoploss 193.
Buy Reliance Energy at current levels with stoploss 499.
Sell BILT at current levels for intraday target of 110.00
Sell Maruthi below 850 for target 810.
Sell Parshvnath at current levels for intraday target of 277.
Sell Sun TV below 1556 for target 1480.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
Cash Calls:
Buy cement and sugar stocks in small quantities at lower levels.
Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses. It is updated everyday.
Nifty: 3938.95 -101.05 Points Sensex: 13632.53 -388.78 Points
FII Activity:
Cash Segment: 343.04 crores net buyers
Index Futures: -1547.34 crores net sellers
Stock futures: 17.16 crores net buyers
Advance Decline ratio: 100:934
Outlook for 26Feb07:
The correction is nearing its end. Don’t panic and sell stocks. The markets would recover either on Monday afternoon or Tuesday afternoon. The FIIs have started buying in cash. The cement stocks have been battered. Time to accumulate at lower levels. For Monday the Nifty should find support at 3910-3892-3835 and should find resistance at 3965-4000-4040.
Futures Trading Calls:
Buy CNX IT at lower levels with strict stoploss 5470.
Buy Nifty futures at lower levels with stoploss 3875.
Buy Ashok Leyland at lower levels with stoploss 40.90
Buy Grasim at lower levels with strict stoploss 2205.
Buy L&T at lower levels with stoploss 1562.
Buy Polaris at lower levels with stoploss 193.
Buy Reliance Energy at current levels with stoploss 499.
Sell BILT at current levels for intraday target of 110.00
Sell Maruthi below 850 for target 810.
Sell Parshvnath at current levels for intraday target of 277.
Sell Sun TV below 1556 for target 1480.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
Cash Calls:
Buy cement and sugar stocks in small quantities at lower levels.
Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses. It is updated everyday.
Friday, February 23, 2007
Outlook for 23Feb07:
Today is the crucial day for the markets. If the Nifty closes below 4040, then one can see more downside in the coming days. For sensex the crucial level is 13925. For today Nifty should face resistance at 4068 and 4100 and should take support at 3990 and 3966.Banking and cement stocks are looking weak. Cement can give a bounce back from these levels but looks like there is more downside left in banking sector.
Futures Trading Calls:
Buy BEL at current levels with strict stoploss 1575.00
Sell Jindal Stainless if remains below 119 for target 112 (***** 5star call).
Sell Bank Nifty if remains below 5600 for target 5500 and 5400.
Sell Allahabad Bank if remains below 75.50 for target 71.50
S ell Bank Of India if remains below 160.50 for target 158.50
Sell Jet Airways if remains below 675 for target 590.
Sell Reliance Communications if remains below 444 for target 425.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
Cash Calls:
Buy India Infoline if sustains above 402.00 (*****5 star call)
Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses. It is updated everyday.
Today is the crucial day for the markets. If the Nifty closes below 4040, then one can see more downside in the coming days. For sensex the crucial level is 13925. For today Nifty should face resistance at 4068 and 4100 and should take support at 3990 and 3966.Banking and cement stocks are looking weak. Cement can give a bounce back from these levels but looks like there is more downside left in banking sector.
Futures Trading Calls:
Buy BEL at current levels with strict stoploss 1575.00
Sell Jindal Stainless if remains below 119 for target 112 (***** 5star call).
Sell Bank Nifty if remains below 5600 for target 5500 and 5400.
Sell Allahabad Bank if remains below 75.50 for target 71.50
S ell Bank Of India if remains below 160.50 for target 158.50
Sell Jet Airways if remains below 675 for target 590.
Sell Reliance Communications if remains below 444 for target 425.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
Cash Calls:
Buy India Infoline if sustains above 402.00 (*****5 star call)
Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses. It is updated everyday.
Thursday, February 22, 2007
Welcome back , its been a long holiday for us from the market, hope holiday is big enough, LETS START INVESTING !!!! OKK TRADING.
So lets trade with a 6 months horizon .
I continue to expect the markets to consolidate in a range of 12800 -15700 (based on FY08 earnings) for the next 3 to 6 months. We also expect markets to put forth resistance at 14,700 levels.
Outlook for 22Feb07:
Today is the day of F&O settlement and the markets are expected to be very volatile. It can just flair up in the last 30 mins of trade. The Nifty for today should face resistance at 4108 and 4138 and should take support at 4060 and 4047.
Futures Trading Calls:
Buy IFCI March Futures at current levels for target 34.00
Buy Jindal Stainless March Futures if sustains above 129.00
Buy Zee Tele march futures if sustains above 264.00
Cash Calls:
Buy Aptech if sustains above 254.50 with stoploss 225.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
So lets trade with a 6 months horizon .
I continue to expect the markets to consolidate in a range of 12800 -15700 (based on FY08 earnings) for the next 3 to 6 months. We also expect markets to put forth resistance at 14,700 levels.
Outlook for 22Feb07:
Today is the day of F&O settlement and the markets are expected to be very volatile. It can just flair up in the last 30 mins of trade. The Nifty for today should face resistance at 4108 and 4138 and should take support at 4060 and 4047.
Futures Trading Calls:
Buy IFCI March Futures at current levels for target 34.00
Buy Jindal Stainless March Futures if sustains above 129.00
Buy Zee Tele march futures if sustains above 264.00
Cash Calls:
Buy Aptech if sustains above 254.50 with stoploss 225.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
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