Nifty: 4083.50 -94.35 Points Sensex: 13908.58 -320.30 Points
FII Activity:
Cash Segment: 377.95 crores net sellers
Index Futures: 516.98 crores net sellers
Stock futures: 308.45 crores net sellers
Advance Decline ratio: 271:785
Outlook for 30Apr07:
On Friday the markets came down big time. The stocks like ONGC, Reliance Inds and ICICI Bank which took the markets up on Thursday where instrumental in bringing the markets down on Friday. Even though the Nifty lost close to 100 points on Friday, the volumes, the FII participation and some more such factors makes me feel that the markets are all set to hit the new high in a few days. For today, the markets are expected to remain bearish to flattish. The result of ICICI Bank announced on Saturday was not very encouraging to say the least. This is a short week as markets are closed on Tuesday and Wednesday. For today the Nifty should face resistance at 4104-4140-4175 and should take support at 4057-4046-4026.
Futures Trading Calls:
Buy Crompton Greaves if sustains above 224 for target 237.
Buy Kotak Mahindra Bank if sustains above 529 for target 570.
Sell Bank Of Baroda if sustains below 241 for target 230 and 225.
Sell UTI Bank at current levels for target 447.
Sell Voltas at current levels with stop loss 98 for target 90.
Cash Calls:
Buy Deccan Cronicle at current levels with stop loss 180 for target 225.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
Monday, April 30, 2007
Friday, April 27, 2007
Nifty: 4177.85 +10.55 Points Sensex: 14228.88 +11.11 Points
FII Activity:
Cash Segment: 89.04 crores net sellers
Index Futures: 75.17 crores net buyers
Stock futures: 140.61 crores net sellers
Advance Decline ratio: 395:668
Outlook for 27Apr07:
The April F&O series contract expired yesterday and today is the first day of May contracts. The highlight of the day will be the reaction to the results of Reliance Industries Ltd which was declared overnight. The results were above the estimated figures, but the question is how the market will react to it. Generally the first day of any contract series will be positive. Still it is advisable to exercise caution at higher levels. For today, the Nifty should face resistance at 4200-4219-4245 and should take support at 4152-4111-4098.
Futures Trading Calls:
Buy BPCL if sustains above 343 for target 366.
Buy Divis lab if sustains above 3625 for target 3900.
Buy Gujarat Alkalies if sustains above 152 for target 165.
Buy IOC if sustains above 432 for target 450.
Buy IndusInd Bank if sustains above 46 for target 49.50
Buy Neyveli Lignite if sustains above 64 for target 66 and 70.
Buy TVS motors at current levels for target 70.
Sell Alok Industires if sustains below 60.30 for target 54.50 with stop loss 65.50
Sell Century Textiles if sustains below 602 for target 560.
Sell IDFC if sustains below 95.50 for target 90 and 84.
Sell Relaince Capital if sustains below 717 for target685.
Sell Syndicate Bank if sustains below 76 for target 72.
Cash Calls:
Buy Visual Soft if sustains above 83 for target 95.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
FII Activity:
Cash Segment: 89.04 crores net sellers
Index Futures: 75.17 crores net buyers
Stock futures: 140.61 crores net sellers
Advance Decline ratio: 395:668
Outlook for 27Apr07:
The April F&O series contract expired yesterday and today is the first day of May contracts. The highlight of the day will be the reaction to the results of Reliance Industries Ltd which was declared overnight. The results were above the estimated figures, but the question is how the market will react to it. Generally the first day of any contract series will be positive. Still it is advisable to exercise caution at higher levels. For today, the Nifty should face resistance at 4200-4219-4245 and should take support at 4152-4111-4098.
Futures Trading Calls:
Buy BPCL if sustains above 343 for target 366.
Buy Divis lab if sustains above 3625 for target 3900.
Buy Gujarat Alkalies if sustains above 152 for target 165.
Buy IOC if sustains above 432 for target 450.
Buy IndusInd Bank if sustains above 46 for target 49.50
Buy Neyveli Lignite if sustains above 64 for target 66 and 70.
Buy TVS motors at current levels for target 70.
Sell Alok Industires if sustains below 60.30 for target 54.50 with stop loss 65.50
Sell Century Textiles if sustains below 602 for target 560.
Sell IDFC if sustains below 95.50 for target 90 and 84.
Sell Relaince Capital if sustains below 717 for target685.
Sell Syndicate Bank if sustains below 76 for target 72.
Cash Calls:
Buy Visual Soft if sustains above 83 for target 95.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
Thursday, April 26, 2007
Nifty: 4167.30 +25.50 Points Sensex: 14217.77 +81.05 Points
FII Activity:
Cash Segment: 781.25 crores net buyers
Index Futures: 348.59 crores net buyers
Stock futures: 349.52 crores net sellers
Advance Decline ratio: 650:421
Outlook for 26Apr07:
Yesterday the markets zoomed up in the afternoon session. Today the markets will go up in the first session. Along with the local news the global markets are adding strength to our markets. The Nifty is all set to touch 4200 level. It was the index heavy weights like ONGC, Reliance and ICICI Bank who decided to move yesterday. For today, the Nifty should face resistance at 4185-4200-4223 and should take support at 4148-4122-4000.
Futures Trading Calls:
Buy Mphasis BFL may futures if April futures sustains above 317 for target 327.
Buy Nagarjuna Constructions if April futures sustains above 188 for target 203.
Cash Calls:
Buy KLG Systel at current levels for target 390.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
FII Activity:
Cash Segment: 781.25 crores net buyers
Index Futures: 348.59 crores net buyers
Stock futures: 349.52 crores net sellers
Advance Decline ratio: 650:421
Outlook for 26Apr07:
Yesterday the markets zoomed up in the afternoon session. Today the markets will go up in the first session. Along with the local news the global markets are adding strength to our markets. The Nifty is all set to touch 4200 level. It was the index heavy weights like ONGC, Reliance and ICICI Bank who decided to move yesterday. For today, the Nifty should face resistance at 4185-4200-4223 and should take support at 4148-4122-4000.
Futures Trading Calls:
Buy Mphasis BFL may futures if April futures sustains above 317 for target 327.
Buy Nagarjuna Constructions if April futures sustains above 188 for target 203.
Cash Calls:
Buy KLG Systel at current levels for target 390.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
Wednesday, April 25, 2007
Nifty: 4141.80 +56.70 Points Sensex: 14136.72 +208.39 Points
FII Activity:
Cash Segment: 340.39 crores net buyers
Index Futures: 424.70 crores net buyers
Stock futures: 136.98 crores net sellers
Advance Decline ratio: 549:505
Outlook for 25Apr07:
Yesterday the markets just zoomed up after the announcement of the credit policy. There is no rational behind the markets inching towards the new high in spite of the tightening of the credit policies, higher inflation and strengthening rupee compared to the economic situation during the previous high. It can only be advised to remain cautious at higher levels as the correction can be severe this time. The gap created by Nifty futures at 3900 is still uncovered. The rumour in the market is that the Nifty will touch the previous high of 4245. I would advise not to remain long in Nifty after 4200 itself. The advance decline ratio is not very encouraging on the day when the indices run up 1.50 percent. For today, the Nifty should face resistance at 4168-4195-4220 and should take support at 4130-4104-4065.
Futures Trading Calls:
Buy Bank of Baroda if sustains above 242 for target 252 and 257.
Buy Century Textiles if sustains above 619 for target 630 and if remains above can go up till 680.
Buy Hindustan Constructions if sustains above 107.50 for target 114.
Buy Oriental Bank if sustains above 212 for target 230.
Cash Calls:
Buy Cyber Media if sustains above 112 for target 128.
Buy Ramco systems if sustains above 160 for target 173.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
FII Activity:
Cash Segment: 340.39 crores net buyers
Index Futures: 424.70 crores net buyers
Stock futures: 136.98 crores net sellers
Advance Decline ratio: 549:505
Outlook for 25Apr07:
Yesterday the markets just zoomed up after the announcement of the credit policy. There is no rational behind the markets inching towards the new high in spite of the tightening of the credit policies, higher inflation and strengthening rupee compared to the economic situation during the previous high. It can only be advised to remain cautious at higher levels as the correction can be severe this time. The gap created by Nifty futures at 3900 is still uncovered. The rumour in the market is that the Nifty will touch the previous high of 4245. I would advise not to remain long in Nifty after 4200 itself. The advance decline ratio is not very encouraging on the day when the indices run up 1.50 percent. For today, the Nifty should face resistance at 4168-4195-4220 and should take support at 4130-4104-4065.
Futures Trading Calls:
Buy Bank of Baroda if sustains above 242 for target 252 and 257.
Buy Century Textiles if sustains above 619 for target 630 and if remains above can go up till 680.
Buy Hindustan Constructions if sustains above 107.50 for target 114.
Buy Oriental Bank if sustains above 212 for target 230.
Cash Calls:
Buy Cyber Media if sustains above 112 for target 128.
Buy Ramco systems if sustains above 160 for target 173.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions. Any calls other than swing calls will be specifically mentioned.
Tuesday, April 24, 2007
Nifty: 4085.10 +1.55 Points Sensex: 13928.33 +30.92 Points
FII Activity:
Cash Segment: 142.49 crores net sellers
Index Futures: 66.44 crores net sellers
Stock futures: 134.71 crores net sellers
Advance Decline ratio: 445:603
Outlook for 24Apr07:
It was very much evident from the yesterday’s market movement that it wanted to wait for the credit policy before deciding the trend. There are no global cues also this morning as the US closed negligibly in the red and the Asian markets also has a mixed trend. In my opinion, the possibility of rate hike is remote. The rollover of future positions continues as the April contracts expire on the 26th. For today the Nifty should take support at 4068-4046-4016 and should find resistance at 4108-4137-4168.
Futures Trading Calls:
Buy Aban Offshore if sustains above 2425 for target 2525.
Buy Maharastra Seamless if sustains above 566 for target 582.
Buy VSNL at current levels with stoploss 443 for target 463.
Sell Kotak Mahindra Bank if sustains below 488 for target 474.
Sell Maruti if sustains below 761 for target 734.
Cash Calls:
Buy Zenith Computers if sustains above 58.50 for target 65.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions.
FII Activity:
Cash Segment: 142.49 crores net sellers
Index Futures: 66.44 crores net sellers
Stock futures: 134.71 crores net sellers
Advance Decline ratio: 445:603
Outlook for 24Apr07:
It was very much evident from the yesterday’s market movement that it wanted to wait for the credit policy before deciding the trend. There are no global cues also this morning as the US closed negligibly in the red and the Asian markets also has a mixed trend. In my opinion, the possibility of rate hike is remote. The rollover of future positions continues as the April contracts expire on the 26th. For today the Nifty should take support at 4068-4046-4016 and should find resistance at 4108-4137-4168.
Futures Trading Calls:
Buy Aban Offshore if sustains above 2425 for target 2525.
Buy Maharastra Seamless if sustains above 566 for target 582.
Buy VSNL at current levels with stoploss 443 for target 463.
Sell Kotak Mahindra Bank if sustains below 488 for target 474.
Sell Maruti if sustains below 761 for target 734.
Cash Calls:
Buy Zenith Computers if sustains above 58.50 for target 65.
Please Note: All calls are for swing trading and should ideally hit the target within 8-10 trading sessions.
Sunday, April 22, 2007
Nifty: 4083.55 +85.90 Points Sensex: 13897.41 +277.71 Points
FII Activity:
Cash Segment: 622.51 crores net buyers
Index Futures: 1211.67 crores net buyers
Stock futures: 14.24 crores net buyers
Advance Decline ratio: 678:365
Outlook for 23Apr07:
The markets are looking strong for the time being and can go up till 4137 in intraday. Be cautious when Nifty reaches 4137 levels. Few of the large cap stocks are showing signs of divergence. The volatility will reduce as the raising wedge is narrowing. For Today, the Nifty should face resistance at 4108-4137-4180 and should take support at 4066-4046-4018.
Futures Trading Calls:
Buy Bajaj Hindustan at current levels for target 184 with stop loss 166. Play for the technical bounce.
Buy Jet Airways if sustains above 692 for target 790 with stop loss 670.
Buy Jindal Stainless if sustains above 143.50 for target 153 and 163 with stop loss 130.
Buy Matrix Labs at current levels for target 203.
Buy Relaince Industries at current levels for intraday target of 1566.
Sell CESC if sustains below 367 for target 355.
Sell Dabur if sustains below 96 for target 92.50
Sell IDBI if sustains below 84 for target 81.
Be cautious in Tata Steel if you are long. Can crash any time.
Cash Calls:
Buy Rolta if sustains above 376 for target 408.
Buy BPL Ltd if sustains above 70 for target 78.
FII Activity:
Cash Segment: 622.51 crores net buyers
Index Futures: 1211.67 crores net buyers
Stock futures: 14.24 crores net buyers
Advance Decline ratio: 678:365
Outlook for 23Apr07:
The markets are looking strong for the time being and can go up till 4137 in intraday. Be cautious when Nifty reaches 4137 levels. Few of the large cap stocks are showing signs of divergence. The volatility will reduce as the raising wedge is narrowing. For Today, the Nifty should face resistance at 4108-4137-4180 and should take support at 4066-4046-4018.
Futures Trading Calls:
Buy Bajaj Hindustan at current levels for target 184 with stop loss 166. Play for the technical bounce.
Buy Jet Airways if sustains above 692 for target 790 with stop loss 670.
Buy Jindal Stainless if sustains above 143.50 for target 153 and 163 with stop loss 130.
Buy Matrix Labs at current levels for target 203.
Buy Relaince Industries at current levels for intraday target of 1566.
Sell CESC if sustains below 367 for target 355.
Sell Dabur if sustains below 96 for target 92.50
Sell IDBI if sustains below 84 for target 81.
Be cautious in Tata Steel if you are long. Can crash any time.
Cash Calls:
Buy Rolta if sustains above 376 for target 408.
Buy BPL Ltd if sustains above 70 for target 78.
Thursday, April 19, 2007
Nifty: 4011.60 +26.65 Points Sensex: 13672.19 +65.15 Points
FII Activity:
Cash Segment: 465.32 crores net buyers
Index Futures: 478.41 crores net buyers
Stock futures: -138.63 crores net sellers
Advance Decline ratio: 553:504
Outlook for 19Apr07:
The Asain markets are trading in negative today and our markets should also take a cue from them and open in negative. It appears that the Nifty should revisit 3900 once before resuming its up move. There is strength in the markets on a short term basis and can go up till 4140 if sustains above 4040 by the end of this month. The month of May has traditionally been the month of correction and we can witness some correction again till 3800 levels. For today, the Nifty should face resistance at 4031-4040-4070 and should take support at 3984-3965-3924.
Futures Trading Calls:
Buy Cairns India at current levels with stop loss 129 for target 142.
Cash Calls:
Buy Hind Oil Expl if sustains above 87 for target 94 and 99.
Buy K Sera Sera if sustains above 17.25 for target 23.
FII Activity:
Cash Segment: 465.32 crores net buyers
Index Futures: 478.41 crores net buyers
Stock futures: -138.63 crores net sellers
Advance Decline ratio: 553:504
Outlook for 19Apr07:
The Asain markets are trading in negative today and our markets should also take a cue from them and open in negative. It appears that the Nifty should revisit 3900 once before resuming its up move. There is strength in the markets on a short term basis and can go up till 4140 if sustains above 4040 by the end of this month. The month of May has traditionally been the month of correction and we can witness some correction again till 3800 levels. For today, the Nifty should face resistance at 4031-4040-4070 and should take support at 3984-3965-3924.
Futures Trading Calls:
Buy Cairns India at current levels with stop loss 129 for target 142.
Cash Calls:
Buy Hind Oil Expl if sustains above 87 for target 94 and 99.
Buy K Sera Sera if sustains above 17.25 for target 23.
Wednesday, April 18, 2007
Nifty: 3984.95 -28.40 Points Sensex: 13607.04 -88.54 Points
FII Activity:
Cash Segment: 304.66 crores net buyers
Index Futures: 398.37 crores net buyers
Stock futures: 106.89 crores net sellers
Advance Decline ratio: 384:675
Outlook for 18Apr07:
Yesterdays fall was a technical one and also profit booking by some institutions. It should resume its upward journey again today. The global markets are marginally positive and this will boost our sentiments. The Dow Jones industrial average is close to its all time high. All the biggies posted results in line with expectations in the US. There is no negative news except for the appreciating rupee. For today, the Nifty should take support at 3965-3942-3907 and should find resistance at 4013-4044-4066.
Futures Trading Calls:
Buy Century textiles at current levels for target 592. Have a stop loss of 545.
Cash Calls:
Buy Aegis Logistics if sustains above 151for target 170.
Buy Kopran Ltd if sustains above 28 and can go up till 36.
FII Activity:
Cash Segment: 304.66 crores net buyers
Index Futures: 398.37 crores net buyers
Stock futures: 106.89 crores net sellers
Advance Decline ratio: 384:675
Outlook for 18Apr07:
Yesterdays fall was a technical one and also profit booking by some institutions. It should resume its upward journey again today. The global markets are marginally positive and this will boost our sentiments. The Dow Jones industrial average is close to its all time high. All the biggies posted results in line with expectations in the US. There is no negative news except for the appreciating rupee. For today, the Nifty should take support at 3965-3942-3907 and should find resistance at 4013-4044-4066.
Futures Trading Calls:
Buy Century textiles at current levels for target 592. Have a stop loss of 545.
Cash Calls:
Buy Aegis Logistics if sustains above 151for target 170.
Buy Kopran Ltd if sustains above 28 and can go up till 36.
Tuesday, April 17, 2007
Nifty: 4013.35 +96 Points Sensex: 133695.58 +311.50 Points
FII Activity:
Cash Segment: 307.75 crores net buyers
Index Futures: 1471.80 crores net buyers
Stock futures: 30.69 crores net buyers
Advance Decline ratio: 797:253
Outlook for 17Apr07:
The strength in the global markets combined with the good performance of Infosys and expectations from TCS have taken the Indian markets higher. Now it is time to be cautious again. Nifty may correct a bit after hitting 4065. The open interest in Nifty futures and the call options are coming down. This is a cause for concern in the immediate short term. The private sector bank stocks are looking good. HDFC Bank, ICICI Bank and UTI Bank can do well today. For Today, the Nifty should find resistance at 4034-4047-4065 and should find support at 3954-3914-3884.
Futures Trading Calls:
ACC hit the first target of 780 and is all set for the next target of 850. Buy if sustains above 800.
Buy BEL at current levels. Can go up till 1850.
Buy HDFC Bank at current levels for target 995. Target can hit in intraday.
Ultratech cement is all set to hit the second target of 800. Now above 800 can go up till 880.
Buy VSNL at current levels for target 450.
Cash Calls:
Buy Classic diamonds if sustains above 445 for target 490.
Buy Era Constructions if sustains above 353 for target 370 and 390.
Buy GTC Industries if sustains above 182 for target 195.
Buy Lupin Labs at current levels for target 700. Keep a stoploss of 650.
FII Activity:
Cash Segment: 307.75 crores net buyers
Index Futures: 1471.80 crores net buyers
Stock futures: 30.69 crores net buyers
Advance Decline ratio: 797:253
Outlook for 17Apr07:
The strength in the global markets combined with the good performance of Infosys and expectations from TCS have taken the Indian markets higher. Now it is time to be cautious again. Nifty may correct a bit after hitting 4065. The open interest in Nifty futures and the call options are coming down. This is a cause for concern in the immediate short term. The private sector bank stocks are looking good. HDFC Bank, ICICI Bank and UTI Bank can do well today. For Today, the Nifty should find resistance at 4034-4047-4065 and should find support at 3954-3914-3884.
Futures Trading Calls:
ACC hit the first target of 780 and is all set for the next target of 850. Buy if sustains above 800.
Buy BEL at current levels. Can go up till 1850.
Buy HDFC Bank at current levels for target 995. Target can hit in intraday.
Ultratech cement is all set to hit the second target of 800. Now above 800 can go up till 880.
Buy VSNL at current levels for target 450.
Cash Calls:
Buy Classic diamonds if sustains above 445 for target 490.
Buy Era Constructions if sustains above 353 for target 370 and 390.
Buy GTC Industries if sustains above 182 for target 195.
Buy Lupin Labs at current levels for target 700. Keep a stoploss of 650.
Monday, April 16, 2007
Nifty: 3917.35 +87.50 Points Sensex: 13384.08 +270.27 Points
FII Activity:
Cash Segment: 238.50 crores net buyers
Index Futures: 355.29 crores net buyers
Stock futures: 216.53 crores net buyers
Advance Decline ratio: 696:348
Outlook for 16April07:
Unlike expectations, the markets are steadily marching ahead with the help of global markets. The Chinese market continues to make new highs. Metal stocks are looking good, particularly steel. Tata steel and Sail had good gains in the previous week. The Infosys guidance was not disappointing which helped the other tech stocks to do well. As the results season unfolds the markets seem to gain further in the very short term. The medium term outlook still looks negative. After Cement it is the turn of the construction stocks to bounce back. For today, the Nifty should find some resistance at 3936-3957-3996 and should take support at 3893-3861-3834.
Futures Trading Calls:
Buy M&M if sustains above 751 for target 800.
Buy Parsvanath Developers at current levels of 290 for target 338.
Buy Sobha Developers at current levels of 824 for target 880.
Cash Calls:
No Cash Calls for today.
FII Activity:
Cash Segment: 238.50 crores net buyers
Index Futures: 355.29 crores net buyers
Stock futures: 216.53 crores net buyers
Advance Decline ratio: 696:348
Outlook for 16April07:
Unlike expectations, the markets are steadily marching ahead with the help of global markets. The Chinese market continues to make new highs. Metal stocks are looking good, particularly steel. Tata steel and Sail had good gains in the previous week. The Infosys guidance was not disappointing which helped the other tech stocks to do well. As the results season unfolds the markets seem to gain further in the very short term. The medium term outlook still looks negative. After Cement it is the turn of the construction stocks to bounce back. For today, the Nifty should find some resistance at 3936-3957-3996 and should take support at 3893-3861-3834.
Futures Trading Calls:
Buy M&M if sustains above 751 for target 800.
Buy Parsvanath Developers at current levels of 290 for target 338.
Buy Sobha Developers at current levels of 824 for target 880.
Cash Calls:
No Cash Calls for today.
Nifty: 3917.35 +87.50 Points Sensex: 13384.08 +270.27 Points
FII Activity:
Cash Segment: 238.50 crores net buyers
Index Futures: 355.29 crores net buyers
Stock futures: 216.53 crores net buyers
Advance Decline ratio: 696:348
Outlook for 16April07:
Unlike expectations, the markets are steadily marching ahead with the help of global markets. The Chinese market continues to make new highs. Metal stocks are looking good, particularly steel. Tata steel and Sail had good gains in the previous week. The Infosys guidance was not disappointing which helped the other tech stocks to do well. As the results season unfolds the markets seem to gain further in the very short term. The medium term outlook still looks negative. After Cement it is the turn of the construction stocks to bounce back. For today, the Nifty should find some resistance at 3936-3957-3996 and should take support at 3893-3861-3834.
Futures Trading Calls:
Buy M&M if sustains above 751 for target 800.
Buy Parsvanath Developers at current levels of 290 for target 338.
Buy Sobha Developers at current levels of 824 for target 880.
Cash Calls:
No Cash Calls for today.
FII Activity:
Cash Segment: 238.50 crores net buyers
Index Futures: 355.29 crores net buyers
Stock futures: 216.53 crores net buyers
Advance Decline ratio: 696:348
Outlook for 16April07:
Unlike expectations, the markets are steadily marching ahead with the help of global markets. The Chinese market continues to make new highs. Metal stocks are looking good, particularly steel. Tata steel and Sail had good gains in the previous week. The Infosys guidance was not disappointing which helped the other tech stocks to do well. As the results season unfolds the markets seem to gain further in the very short term. The medium term outlook still looks negative. After Cement it is the turn of the construction stocks to bounce back. For today, the Nifty should find some resistance at 3936-3957-3996 and should take support at 3893-3861-3834.
Futures Trading Calls:
Buy M&M if sustains above 751 for target 800.
Buy Parsvanath Developers at current levels of 290 for target 338.
Buy Sobha Developers at current levels of 824 for target 880.
Cash Calls:
No Cash Calls for today.
Nifty: 3917.35 +87.50 Points Sensex: 13384.08 +270.27 Points
FII Activity:
Cash Segment: 238.50 crores net buyers
Index Futures: 355.29 crores net buyers
Stock futures: 216.53 crores net buyers
Advance Decline ratio: 696:348
Outlook for 16April07:
Unlike expectations, the markets are steadily marching ahead with the help of global markets. The Chinese market continues to make new highs. Metal stocks are looking good, particularly steel. Tata steel and Sail had good gains in the previous week. The Infosys guidance was not disappointing which helped the other tech stocks to do well. As the results season unfolds the markets seem to gain further in the very short term. The medium term outlook still looks negative. After Cement it is the turn of the construction stocks to bounce back. For today, the Nifty should find some resistance at 3936-3957-3996 and should take support at 3893-3861-3834.
Futures Trading Calls:
Buy M&M if sustains above 751 for target 800.
Buy Parsvanath Developers at current levels of 290 for target 338.
Buy Sobha Developers at current levels of 824 for target 880.
Cash Calls:
No Cash Calls for today.
FII Activity:
Cash Segment: 238.50 crores net buyers
Index Futures: 355.29 crores net buyers
Stock futures: 216.53 crores net buyers
Advance Decline ratio: 696:348
Outlook for 16April07:
Unlike expectations, the markets are steadily marching ahead with the help of global markets. The Chinese market continues to make new highs. Metal stocks are looking good, particularly steel. Tata steel and Sail had good gains in the previous week. The Infosys guidance was not disappointing which helped the other tech stocks to do well. As the results season unfolds the markets seem to gain further in the very short term. The medium term outlook still looks negative. After Cement it is the turn of the construction stocks to bounce back. For today, the Nifty should find some resistance at 3936-3957-3996 and should take support at 3893-3861-3834.
Futures Trading Calls:
Buy M&M if sustains above 751 for target 800.
Buy Parsvanath Developers at current levels of 290 for target 338.
Buy Sobha Developers at current levels of 824 for target 880.
Cash Calls:
No Cash Calls for today.
Tuesday, April 10, 2007
Nifty: 3843.50 +91.50 Points Sensex: 13177.74 +321.66 Points
FII Activity:
Cash Segment: 493.36 crores net buyers
Index Futures: 429.40 crores net buyers
Stock futures: 181.27 crores net buyers
Advance Decline ratio: 868:187
Outlook for 10Apr07:
There is no major reason for the markets to go up this way. Yesterday’s move was totally unexpected. Most of the global majors were closed on Friday and a few on Monday too. The markets have gone up without any support from the international markets. The gainers were steel, cement and banks which were hammered earlier. One can say that yesterday’s move was backed by short covering rather than guanine buying. On the contrary, have a look at the FII figures. They were net sellers of 497 crores on Thursday and net buyers of 429 crores on Monday. Are they booking losses at these levels is the question. In any case it is advisable to stay out and not take huge positions in this market. Invest less then 50% of your capital only. Wait for the Infosys guidance later this week. For today the Nifty should face resistance at 3893-3910-3960 and should take support at 3832-3796-3772.
Futures Trading Calls:
Buy Corporation Bank if sustains above 277 for target 290.
Buy Orchid Chemicals at current levels with stop loss 268 for target 286.
Buy Gujarat Alkalies and Chem if sustains above 130.50 for target 142.
Buy IPCL if sustains above 278 for target 297.
Buy ITC if sustains above above 157 for target 161.
Buy Praj Industires if sustains above 432, can go up till 500.
Cash Calls:
Buy Lyka Labs if sustains above 36 for target 44.
Buy Samtel Color if sustains above 26 for target 32.
FII Activity:
Cash Segment: 493.36 crores net buyers
Index Futures: 429.40 crores net buyers
Stock futures: 181.27 crores net buyers
Advance Decline ratio: 868:187
Outlook for 10Apr07:
There is no major reason for the markets to go up this way. Yesterday’s move was totally unexpected. Most of the global majors were closed on Friday and a few on Monday too. The markets have gone up without any support from the international markets. The gainers were steel, cement and banks which were hammered earlier. One can say that yesterday’s move was backed by short covering rather than guanine buying. On the contrary, have a look at the FII figures. They were net sellers of 497 crores on Thursday and net buyers of 429 crores on Monday. Are they booking losses at these levels is the question. In any case it is advisable to stay out and not take huge positions in this market. Invest less then 50% of your capital only. Wait for the Infosys guidance later this week. For today the Nifty should face resistance at 3893-3910-3960 and should take support at 3832-3796-3772.
Futures Trading Calls:
Buy Corporation Bank if sustains above 277 for target 290.
Buy Orchid Chemicals at current levels with stop loss 268 for target 286.
Buy Gujarat Alkalies and Chem if sustains above 130.50 for target 142.
Buy IPCL if sustains above 278 for target 297.
Buy ITC if sustains above above 157 for target 161.
Buy Praj Industires if sustains above 432, can go up till 500.
Cash Calls:
Buy Lyka Labs if sustains above 36 for target 44.
Buy Samtel Color if sustains above 26 for target 32.
Monday, April 09, 2007
Nifty: 3752.00 +18.75 Points Sensex: 12856.08 +69.31 Points
FII Activity:
Cash Segment: 85.80 crores net sellers
Index Futures: 497.23 crores net sellers
Stock futures: 152.22 crores net buyers
Advance Decline ratio: 664:367
Outlook for 09Apr07:
The markets are expected to open flat and then go up. One can see some correction in the afternoon session. No major action is expected in the markets till Infosys comes up with its guidance. Cement stocks appear to have bottomed out and are ready for a bounce back. Nifty futures is on its way to fill the gap created at 3780. For today, the Nifty should face resistance at 3763-3785-3828 and should take support at 3715-3680-3645.
Futures Trading Calls:
Buy Ultratech cement if sustains above 715 for target 750 and 800.
Buy NDTV if sustains above 327 for target 335 and 350.
Buy IDFC if sustains above 83 for target 86.50
Buy Syndicate Bank if sustains above 62.50 for target 65.
Sell Hindustan Construction at current levels for target 83 with strict stop loss 92.50
Cash Calls:
Buy Educomp Solutions if sustains above 1106 for target 1250.
Buy Hyderabad Industries if sustains above 183 for target 210 and 250.
Buy Lokesh Machines at current levels of 130 for target 155.
FII Activity:
Cash Segment: 85.80 crores net sellers
Index Futures: 497.23 crores net sellers
Stock futures: 152.22 crores net buyers
Advance Decline ratio: 664:367
Outlook for 09Apr07:
The markets are expected to open flat and then go up. One can see some correction in the afternoon session. No major action is expected in the markets till Infosys comes up with its guidance. Cement stocks appear to have bottomed out and are ready for a bounce back. Nifty futures is on its way to fill the gap created at 3780. For today, the Nifty should face resistance at 3763-3785-3828 and should take support at 3715-3680-3645.
Futures Trading Calls:
Buy Ultratech cement if sustains above 715 for target 750 and 800.
Buy NDTV if sustains above 327 for target 335 and 350.
Buy IDFC if sustains above 83 for target 86.50
Buy Syndicate Bank if sustains above 62.50 for target 65.
Sell Hindustan Construction at current levels for target 83 with strict stop loss 92.50
Cash Calls:
Buy Educomp Solutions if sustains above 1106 for target 1250.
Buy Hyderabad Industries if sustains above 183 for target 210 and 250.
Buy Lokesh Machines at current levels of 130 for target 155.
Thursday, April 05, 2007
Nifty: 3733.25 +42.60 Points Sensex: 12786.77 +162.19 Points
FII Activity:
Cash Segment: 45.05 crores net sellers
Index Futures: 360.63 crores net buyers
Stock futures: 329.54 crores net buyers
Advance Decline ratio: 680:356
Outlook for 05Apr07:
This is a short week as Friday the markets are closed. There has been good amount of short covering the past two days. Let us watch if it will be the third successive day of recovery. There are no cues from the global markets. All major markets are flat. The under tone in the market is still negative. For today, the Nifty should take support at 3720-3676-3646 and should face resistance at 3770-3785-3830.
Futures Trading Calls:
Buy ACC if sustains above 728 for target 780 and 850. It is all set to rebound. Has a good support at 690 levels.
Sell Ashok Leyland at higher levels for target 34 and 31.50
Sell HDFC at all higher levels for target 1420 with strict stop loss 1520.
Sell Maruti if sustains below 738 for target 690.
Cash Calls:
Buy Aptech if sustains above 235 for target 255.
Buy Dhampur Sugars if sustains above 84.50 for target 95 and 105.
FII Activity:
Cash Segment: 45.05 crores net sellers
Index Futures: 360.63 crores net buyers
Stock futures: 329.54 crores net buyers
Advance Decline ratio: 680:356
Outlook for 05Apr07:
This is a short week as Friday the markets are closed. There has been good amount of short covering the past two days. Let us watch if it will be the third successive day of recovery. There are no cues from the global markets. All major markets are flat. The under tone in the market is still negative. For today, the Nifty should take support at 3720-3676-3646 and should face resistance at 3770-3785-3830.
Futures Trading Calls:
Buy ACC if sustains above 728 for target 780 and 850. It is all set to rebound. Has a good support at 690 levels.
Sell Ashok Leyland at higher levels for target 34 and 31.50
Sell HDFC at all higher levels for target 1420 with strict stop loss 1520.
Sell Maruti if sustains below 738 for target 690.
Cash Calls:
Buy Aptech if sustains above 235 for target 255.
Buy Dhampur Sugars if sustains above 84.50 for target 95 and 105.
Wednesday, April 04, 2007
Nifty: 3690.65 +57.05 Points Sensex: 12624.58 +169.21 Points
FII Activity:
Cash Segment: 6.01 crores net sellers
Index Futures: 891.80 crores net buyers
Stock futures: 292.27 crores net buyers
Advance Decline ratio: 609:417
Outlook for 04Apr07:
The bounce back is all set to continue today. The world markets are trading in positive and this will help our markets to open in positive. Will have to wait and watch as to what will happen in the second half of the day. Technology stocks are looking good and are all set to rebound further. It is still not advisable to buy in this market. Every higher level sell is the mantra. For today the Nifty should find support at 3680-3645 and should find resistance at 3720-3760-3802.
Futures Trading Calls:
Buy Bank Of India if sustains above 167 for target 180 with stop loss 152.
Buy GMR Infra at current levels for target 370 with stop loss 326.
Buy NTPC if sustains above 158 for target 170.
Cash Calls:
No Calls for today.
FII Activity:
Cash Segment: 6.01 crores net sellers
Index Futures: 891.80 crores net buyers
Stock futures: 292.27 crores net buyers
Advance Decline ratio: 609:417
Outlook for 04Apr07:
The bounce back is all set to continue today. The world markets are trading in positive and this will help our markets to open in positive. Will have to wait and watch as to what will happen in the second half of the day. Technology stocks are looking good and are all set to rebound further. It is still not advisable to buy in this market. Every higher level sell is the mantra. For today the Nifty should find support at 3680-3645 and should find resistance at 3720-3760-3802.
Futures Trading Calls:
Buy Bank Of India if sustains above 167 for target 180 with stop loss 152.
Buy GMR Infra at current levels for target 370 with stop loss 326.
Buy NTPC if sustains above 158 for target 170.
Cash Calls:
No Calls for today.
Tuesday, April 03, 2007
Nifty: 3633.60 -187.95 Points Sensex: 12455.37 -616.73 Points
FII Activity:
Cash Segment: 509.33 crores net sellers
Index Futures: 1432.28 crores net sellers
Stock futures: 105.91 crores net sellers
Advance Decline ratio: 141:897
Outlook for 03Apr07:
The crash on Monday was big and created a huge gap in the major indicies and bank stocks. It is not at all safe to go short in bank stocks at these levels. There is all possibility that the gap might be filled up in the next few days. The global cues are not bearish for today. Expect a small bounce back today. For today the Nifty should find support at 3580-3555-3522 and should find resistance at 3670-3722-3783.
Futures Trading Calls:
Buy Sterlite Industries at lower levels with strict stop loss 425 for target 470 .
Sell Reliance Industries if remains below 1299 for target 1250
Sell TCS if remains below 1175 for target 1155
Sell Wipro if remains below 510 for target 492.
Cash Calls:
Buy Mawana Sugars if sustains above 44 for target 53.
Buy Oudh Sugar Mills if sustains above 73 for target 85.
FII Activity:
Cash Segment: 509.33 crores net sellers
Index Futures: 1432.28 crores net sellers
Stock futures: 105.91 crores net sellers
Advance Decline ratio: 141:897
Outlook for 03Apr07:
The crash on Monday was big and created a huge gap in the major indicies and bank stocks. It is not at all safe to go short in bank stocks at these levels. There is all possibility that the gap might be filled up in the next few days. The global cues are not bearish for today. Expect a small bounce back today. For today the Nifty should find support at 3580-3555-3522 and should find resistance at 3670-3722-3783.
Futures Trading Calls:
Buy Sterlite Industries at lower levels with strict stop loss 425 for target 470 .
Sell Reliance Industries if remains below 1299 for target 1250
Sell TCS if remains below 1175 for target 1155
Sell Wipro if remains below 510 for target 492.
Cash Calls:
Buy Mawana Sugars if sustains above 44 for target 53.
Buy Oudh Sugar Mills if sustains above 73 for target 85.
Monday, April 02, 2007
Nifty: 3821.55 +23.45 Points Sensex: 13072.10 +92.44 Points
FII Activity:
Cash Segment: 639.68 crores net buyers
Index Futures: 427.90 crores net sellers
Stock futures: 50.69 crores net buyers
Advance Decline ratio: 744:295
Outlook for 02Apr07:
After RBI announced the hike in repo rates and CRR rates on Friday evening everybody is expecting a manic Monday. I would suggest to stay out. Do not go short as it may not give you a chance to cover it. Bank stocks and interest rate related stocks are expected to be worst hit. For today Nifty should take support at 3765-3715-3675 and should find resistance at 3831-3860.
Futures Trading Calls:
Sell Dabur at current levels for target 86.
Cash Calls:
No Calls for today.
FII Activity:
Cash Segment: 639.68 crores net buyers
Index Futures: 427.90 crores net sellers
Stock futures: 50.69 crores net buyers
Advance Decline ratio: 744:295
Outlook for 02Apr07:
After RBI announced the hike in repo rates and CRR rates on Friday evening everybody is expecting a manic Monday. I would suggest to stay out. Do not go short as it may not give you a chance to cover it. Bank stocks and interest rate related stocks are expected to be worst hit. For today Nifty should take support at 3765-3715-3675 and should find resistance at 3831-3860.
Futures Trading Calls:
Sell Dabur at current levels for target 86.
Cash Calls:
No Calls for today.
Subscribe to:
Posts (Atom)