Nifty: 4293.25 +36.70 Points Sensex: 14508.21 +110.32 Points
FII Activity:
Cash Segment: 697.96 crores net buyers
Index Futures: 49.33 crores net sellers
Stock futures: 401.12 crores net sellers
Advance Decline ratio: 587:470
Outlook for 30May07:
Yesterday the markets closed above the level of 4270 for which we were looking for. Now the markets appear bullish and can go further up. Keep a stop loss of 4240 for your long positions now. Interest is coming back into the capital goods segment. The US markets closed flat with a positive bias. The cause of concern currently is the Chinese markets as they are trading 6% lower today ad the other asian markets are also down more than a percent down. It goes without saying that we will open in the negative. I feel the markets will bounce back from the lows. Technically the markets are not weak at all right now. For today, the Nifty should face resistance at 4300-4320-4340 and should take support at 4275-4255-4240.
Futures Trading Calls:
No calls today.
Cash Calls:
Buy Agro Dutch Industries if sustains above 32 for target 36 and 38.
Buy Excel Crop Care at current levels for target 135 and 150.
Buy Hind Oil Exploration if sustains above 108 for target 123.
Buy Paramount Communications if sustains above 37 for target 43.
Buy Texmaco at current levels for target 1150 with stop loss 1010.
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, May 30, 2007
Tuesday, May 29, 2007
Nifty: 4256.55 +8.40 Points Sensex: 14397.89 +59.44 Points
FII Activity:
Cash Segment: 180.65 crores net buyers
Index Futures: 346.06 crores net buyers
Stock futures: 263.90 crores net sellers
Advance Decline ratio: 619:452
Outlook for 29May07:
Yesterday the markets lost momentum in the last 30 minutes and came down to close flat. Even though it remained above the 4270 level throughout the day it failed to close above that level. Think to go long in Nifty only if it closes above 4270 the next time. For today, there is no cue available from the global markets as the US and UK markets were closed yesterday on account of memorial day. The Asian markets have a mixed trend today. There is a good possibility that we may open in the positive today. Again, the point to check is, whether it manages to close above 4270. The Nifty should face resistance at 4270-4295-4315 and on the lower side can take support at 4240-4230-4218.
Futures Trading Calls:
Buy BEML at current levels for target 1075.
Sell ABB if sustains below 4410 for target 4250.
Cash Calls:
Buy Unity Infraprojects at current levels of 462 for target 490.
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: 180.65 crores net buyers
Index Futures: 346.06 crores net buyers
Stock futures: 263.90 crores net sellers
Advance Decline ratio: 619:452
Outlook for 29May07:
Yesterday the markets lost momentum in the last 30 minutes and came down to close flat. Even though it remained above the 4270 level throughout the day it failed to close above that level. Think to go long in Nifty only if it closes above 4270 the next time. For today, there is no cue available from the global markets as the US and UK markets were closed yesterday on account of memorial day. The Asian markets have a mixed trend today. There is a good possibility that we may open in the positive today. Again, the point to check is, whether it manages to close above 4270. The Nifty should face resistance at 4270-4295-4315 and on the lower side can take support at 4240-4230-4218.
Futures Trading Calls:
Buy BEML at current levels for target 1075.
Sell ABB if sustains below 4410 for target 4250.
Cash Calls:
Buy Unity Infraprojects at current levels of 462 for target 490.
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.
Sunday, May 27, 2007
Nifty: 4248.15 +43.25 Points Sensex: 14338.45 +120.34 Points
FII Activity:
Cash Segment: 204.25 crores net sellers
Index Futures: 258.28 crores net sellers
Stock futures: 498.26 crores net sellers
Advance Decline ratio: 597:465
Outlook for 28May07:
On Friday, the markets opened weak and reversed to close with substantial gains. It displayed good amount of strength, BUT do not go and buy just yet. Markets are bullish only if spot Nifty closes above 4270. The trading range for Nifty now is 4260-4140. A close below 4140 is extremely bearish for the markets. It is advisable to stay out of the markets today and watch the proceedings. The US markets closed in positive on Friday and the Asian markets are expected to open strong on Monday. This implies that our markets will open in the positive. I expect the indices to slowly lose momentum and close in the negative. For today, the Nifty should face resistance at 4270-4291-4315 and should take support at 4218-4202-4182.
Futures Trading Calls:
Buy Wipro Ltd if sustains above 550 for target 565 and 585.
Cash Calls:
Buy Assam Company if sustains above 15.20 for target 19.00
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: 204.25 crores net sellers
Index Futures: 258.28 crores net sellers
Stock futures: 498.26 crores net sellers
Advance Decline ratio: 597:465
Outlook for 28May07:
On Friday, the markets opened weak and reversed to close with substantial gains. It displayed good amount of strength, BUT do not go and buy just yet. Markets are bullish only if spot Nifty closes above 4270. The trading range for Nifty now is 4260-4140. A close below 4140 is extremely bearish for the markets. It is advisable to stay out of the markets today and watch the proceedings. The US markets closed in positive on Friday and the Asian markets are expected to open strong on Monday. This implies that our markets will open in the positive. I expect the indices to slowly lose momentum and close in the negative. For today, the Nifty should face resistance at 4270-4291-4315 and should take support at 4218-4202-4182.
Futures Trading Calls:
Buy Wipro Ltd if sustains above 550 for target 565 and 585.
Cash Calls:
Buy Assam Company if sustains above 15.20 for target 19.00
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, May 24, 2007
Nifty: 4246.20 -31.90 Points Sensex: 14363.26 -90.46 Points
FII Activity:
Cash Segment: 96.58 crores net buyers
Index Futures: 44.74 crores net buyers
Stock futures: 475.24 crores net sellers
Advance Decline ratio: 343:728
Outlook for 24May07:
As expected the markets lost momentum in the later session to close in the negative. The weaker sentiment is expected to continue for today’s first session as well. We can expect some buying in the later half and the indices can bounce back. If the Nifty closes below 4230 it is extremely negative for the markets and can loose another 100-150 points from these levels. Sector wise banking and technology stocks are looking weak. Tech stocks can bounce back in the later half on account of short covering. Real estate stocks should join them in pulling the markets up. For today, the Nifty should take support at 4232-4218-4188 and should face resistance at 4270-4290-4314.
Futures Trading Calls:
Sell Polaris if sustains below 164 for target 160.
Cash Calls:
Buy Nava Bharat Ventures if sustains above 151 for target 165.
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: 96.58 crores net buyers
Index Futures: 44.74 crores net buyers
Stock futures: 475.24 crores net sellers
Advance Decline ratio: 343:728
Outlook for 24May07:
As expected the markets lost momentum in the later session to close in the negative. The weaker sentiment is expected to continue for today’s first session as well. We can expect some buying in the later half and the indices can bounce back. If the Nifty closes below 4230 it is extremely negative for the markets and can loose another 100-150 points from these levels. Sector wise banking and technology stocks are looking weak. Tech stocks can bounce back in the later half on account of short covering. Real estate stocks should join them in pulling the markets up. For today, the Nifty should take support at 4232-4218-4188 and should face resistance at 4270-4290-4314.
Futures Trading Calls:
Sell Polaris if sustains below 164 for target 160.
Cash Calls:
Buy Nava Bharat Ventures if sustains above 151 for target 165.
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, May 23, 2007
Nifty: 4278.10 +17.20 Points Sensex: 14453.72 +35.12 Points
FII Activity:
Cash Segment: 340.56 crores net buyers
Index Futures: 171.18 crores net buyers
Stock futures: 452.20 crores net sellers
Advance Decline ratio: 448:610
Outlook for 23May07:
Yesterday the markets recovered in the last hour of trade to close almost at the day’s high. This might be on account on BTST buying and can help the markets open in the positive today. As expressed couple of days back the bank stocks are tiring and may not go further up for the time being. The biggies like SBI, HDFC Bank and ICICI Bank are looking to consolidate. For today, the indices can open in the positive and might loose momentum in the later session. The US markets closed flat and the Asian markets are trading in the positive. The Nifty should find resistance at 4283-4303-4330 and should take support at 4245-4235-4220.
Futures Trading Calls:
Buy TVS motors if sustains above 67 for target 75.
Buy Voltas if sustains above 100 for target 108.
Buy Sun Pharma at current levels for target 1150.
Buy IFlex if sustains above 2320 for target 2400 and 2480.
Buy Zee Tele if sustains above 319 for target 326.
Cash Calls:
No Calls for today.
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: 340.56 crores net buyers
Index Futures: 171.18 crores net buyers
Stock futures: 452.20 crores net sellers
Advance Decline ratio: 448:610
Outlook for 23May07:
Yesterday the markets recovered in the last hour of trade to close almost at the day’s high. This might be on account on BTST buying and can help the markets open in the positive today. As expressed couple of days back the bank stocks are tiring and may not go further up for the time being. The biggies like SBI, HDFC Bank and ICICI Bank are looking to consolidate. For today, the indices can open in the positive and might loose momentum in the later session. The US markets closed flat and the Asian markets are trading in the positive. The Nifty should find resistance at 4283-4303-4330 and should take support at 4245-4235-4220.
Futures Trading Calls:
Buy TVS motors if sustains above 67 for target 75.
Buy Voltas if sustains above 100 for target 108.
Buy Sun Pharma at current levels for target 1150.
Buy IFlex if sustains above 2320 for target 2400 and 2480.
Buy Zee Tele if sustains above 319 for target 326.
Cash Calls:
No Calls for today.
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, May 22, 2007
Nifty: 4260.90 +46.40 Points Sensex: 14418.60 +115.19 Points
FII Activity:
Cash Segment: 182.66 crores net buyers
Index Futures: 430.39 crores net buyers
Stock futures: 206.44 crores net sellers
Advance Decline ratio: 594:480
Outlook for 22May07:
Yesterday the markets shot up thanks to the Reliance pack. All Reliance company stocks went up big time which helped the indices to scale higher. Today also the markets will open in the positive and we have to wait and watch where it closes. The global markets have a mixed trend. The US markets ended fat and the Asian markets are trading in the positive. I have a feeing that the technology stocks will bounce back today. Still caution is advised at all higher levels. For today, the Nifty should find resistance at 4280-4294-4315 and should take support at 4240-4220-4192.
Futures Trading Calls:
Buy Bombay Rayon Fashions if sustains above 251 for target 270.
Buy Sterlite Opticals at current levels for target 230.
Buy Corporation Bank if sustains above 348 for target 365 and 375.
Sell Jindal Steel and Power if remains below 3099 for target 2910.
Sell Sesa Goa if remains below 1670 for target 1630.
Cash Calls:
Buy Avaya Global if sustains above 314 for target 344.
Buy Subhash Projects if sustains above 201 for target 216 and 229.
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: 182.66 crores net buyers
Index Futures: 430.39 crores net buyers
Stock futures: 206.44 crores net sellers
Advance Decline ratio: 594:480
Outlook for 22May07:
Yesterday the markets shot up thanks to the Reliance pack. All Reliance company stocks went up big time which helped the indices to scale higher. Today also the markets will open in the positive and we have to wait and watch where it closes. The global markets have a mixed trend. The US markets ended fat and the Asian markets are trading in the positive. I have a feeing that the technology stocks will bounce back today. Still caution is advised at all higher levels. For today, the Nifty should find resistance at 4280-4294-4315 and should take support at 4240-4220-4192.
Futures Trading Calls:
Buy Bombay Rayon Fashions if sustains above 251 for target 270.
Buy Sterlite Opticals at current levels for target 230.
Buy Corporation Bank if sustains above 348 for target 365 and 375.
Sell Jindal Steel and Power if remains below 3099 for target 2910.
Sell Sesa Goa if remains below 1670 for target 1630.
Cash Calls:
Buy Avaya Global if sustains above 314 for target 344.
Buy Subhash Projects if sustains above 201 for target 216 and 229.
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, May 21, 2007
Nifty: 4214.50 -5.05 Points Sensex: 14303.41 +3.70 Points
FII Activity:
Cash Segment: 56.64 crores net buyers
Index Futures: 457.47 crores net sellers
Stock futures: 228.08 crores net sellers
Advance Decline ratio: 425:649
Outlook for 21May07:
The markets are expected to resume its upward journey today and can test 4250 levels. Use these levels to exit long and get ready to go short at further higher levels. For today, the Nifty should face resistance at 4240-4251-4275 and should take support at 4187-4170-4158.
Futures Trading Calls:
Buy HDFC Bank at current levels for target 1100 and 1130.
Buy JP Associates at current levels for target 720 and 740.
Cash Calls:
Buy Bartronics at current levels for target 140 and 150.
Buy Cranes Software if sustains above 118 for target 130.
Buy Gujarat NRE coke at current levels for target 59 and 64.
Buy Radico khaitan if sustains above 147.50 for target 155-165-175.
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: 56.64 crores net buyers
Index Futures: 457.47 crores net sellers
Stock futures: 228.08 crores net sellers
Advance Decline ratio: 425:649
Outlook for 21May07:
The markets are expected to resume its upward journey today and can test 4250 levels. Use these levels to exit long and get ready to go short at further higher levels. For today, the Nifty should face resistance at 4240-4251-4275 and should take support at 4187-4170-4158.
Futures Trading Calls:
Buy HDFC Bank at current levels for target 1100 and 1130.
Buy JP Associates at current levels for target 720 and 740.
Cash Calls:
Buy Bartronics at current levels for target 140 and 150.
Buy Cranes Software if sustains above 118 for target 130.
Buy Gujarat NRE coke at current levels for target 59 and 64.
Buy Radico khaitan if sustains above 147.50 for target 155-165-175.
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.
Friday, May 18, 2007
Nifty: 4219.55 +48.60 Points Sensex: 14299.71 +172.40 Points
FII Activity:
Cash Segment: 517.75 crores net buyers
Index Futures: 1097.18 crores net buyers
Stock futures: 128.03 crores net sellers
Advance Decline ratio: 523:548
Outlook for 18May07:
The markets have reached my expected levels and will be over stretching if trades above 4250. If Nifty starts trading above 4250 use the levels to go short. The banking stocks are showing signs of tiredness and the Bank Nifty has also reached my target of 6250. Now, above 6300 is the area to go short. Real estate and construction stocks are still looking strong and can go up further. The cement stocks are gaining momentum and are ready for another round of upmove. ACC, Grasim, JP Associates and Ultratech cement are looking good. For today, I do not see a big move. The indices should trade and close mildly in positive or negative. The Nifty should face resistance at 4247-4275 and should take support at 4190-4174-4157.
Futures Trading Calls:
Buy Bata India if sustains above 179 for target 190 and 208.
Buy Nagarjuna Constructions at current levels with stop loss 171 for target 186.
Buy Parsvanath if sustains above 351 for target 385.
Buy Shoba Developers if sustains above 940 for target 965.
Buy Tata Motors if sustains above 765 for target 790.
Buy Ultratech cement if sustains above 858 for target 885 and 930.
Cash Calls:
Buy DS Kulkarni if sustains above 267 for target 280 and 297.
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: 517.75 crores net buyers
Index Futures: 1097.18 crores net buyers
Stock futures: 128.03 crores net sellers
Advance Decline ratio: 523:548
Outlook for 18May07:
The markets have reached my expected levels and will be over stretching if trades above 4250. If Nifty starts trading above 4250 use the levels to go short. The banking stocks are showing signs of tiredness and the Bank Nifty has also reached my target of 6250. Now, above 6300 is the area to go short. Real estate and construction stocks are still looking strong and can go up further. The cement stocks are gaining momentum and are ready for another round of upmove. ACC, Grasim, JP Associates and Ultratech cement are looking good. For today, I do not see a big move. The indices should trade and close mildly in positive or negative. The Nifty should face resistance at 4247-4275 and should take support at 4190-4174-4157.
Futures Trading Calls:
Buy Bata India if sustains above 179 for target 190 and 208.
Buy Nagarjuna Constructions at current levels with stop loss 171 for target 186.
Buy Parsvanath if sustains above 351 for target 385.
Buy Shoba Developers if sustains above 940 for target 965.
Buy Tata Motors if sustains above 765 for target 790.
Buy Ultratech cement if sustains above 858 for target 885 and 930.
Cash Calls:
Buy DS Kulkarni if sustains above 267 for target 280 and 297.
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, May 17, 2007
Nifty: 4170.95 +50.65 Points Sensex: 14127.31 +197.98 Points
FII Activity:
Cash Segment: 245.15 crores net sellers
Index Futures: 408.70 crores net buyers
Stock futures: 221.57 crores net sellers
Advance Decline ratio: 725:340
Outlook for 17May07:
As expected the markets gained momentum in the afternoon session yesterday. Banking and infrastructure stocks are looking extremely bullish. I would still advise to be cautious at these. Nifty level of 4200 was the level I was looking for. If it stretches further it can go up till 4250 and if there is still some steam left after that it can go up till 4315. I think 4250 are the levels to cover long positions and go short in Nifty futures. FII figures are still not very convincing to suggest more up side in this market. For today, the Nifty should face resistance at 4202-4218-4238 and should take support at 4152-4137-4103.
Futures Trading Calls:
Buy IVRCL if sustains above 335 for target 355.
Buy Bombay Dyeing if sustains above 591 for target 610 and 650.
Buy Lanco Infratech if sustains above 171 for target 177 and 185.
Buy PNB at current levels for target 570.
Buy Titan Industries at current levels for target 1110.
Cash Calls:
Buy Torrent Power if sustains above 75.25 for target 82.
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: 245.15 crores net sellers
Index Futures: 408.70 crores net buyers
Stock futures: 221.57 crores net sellers
Advance Decline ratio: 725:340
Outlook for 17May07:
As expected the markets gained momentum in the afternoon session yesterday. Banking and infrastructure stocks are looking extremely bullish. I would still advise to be cautious at these. Nifty level of 4200 was the level I was looking for. If it stretches further it can go up till 4250 and if there is still some steam left after that it can go up till 4315. I think 4250 are the levels to cover long positions and go short in Nifty futures. FII figures are still not very convincing to suggest more up side in this market. For today, the Nifty should face resistance at 4202-4218-4238 and should take support at 4152-4137-4103.
Futures Trading Calls:
Buy IVRCL if sustains above 335 for target 355.
Buy Bombay Dyeing if sustains above 591 for target 610 and 650.
Buy Lanco Infratech if sustains above 171 for target 177 and 185.
Buy PNB at current levels for target 570.
Buy Titan Industries at current levels for target 1110.
Cash Calls:
Buy Torrent Power if sustains above 75.25 for target 82.
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, May 16, 2007
Nifty: 4120.30 -14.00 Points Sensex: 13929.33 -36.53 Points
FII Activity:
Cash Segment: 283.63 crores net sellers
Index Futures: 113.30 crores net buyers
Stock futures: 292.98 crores net sellers
Advance Decline ratio: 537:532
Outlook for 16May07:
Yesterday the markets failed to recover in the later half and closed in the negative. The advance decline ratio is 1:1 and the FII’s remain to be net sellers in equity and stock futures. Today our markets can open flat and can gain momentum as the day progresses. Sector wise Banking and Oil marketing companies are looking strong, automobile stocks are looking for a bounce back and the technology sector is looking weak. Watch out for SBI and ICICI Bank today. The global markets have mixed trend and no cues available from them. The nifty should find resistance at 4147-4164-4180 and should find support at 4107-4087-4070.
Futures Trading Calls:
Buy Bank Nifty at current levels for target 6250.
Buy Aban Offshore if sustains above 2460 for target 2550 and 2650.
Buy ICICI Bank at current levels for target 935.
Buy Tata Tea if sustains above 840 for target 875.
Cash Calls:
Buy Pantaloon Retail if sustains above 448 for target 475 and 490.
Buy Rain Calcing if sustains above 35.25 for target 39.
Buy Repro India if sustains above 119 for target 140.
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: 283.63 crores net sellers
Index Futures: 113.30 crores net buyers
Stock futures: 292.98 crores net sellers
Advance Decline ratio: 537:532
Outlook for 16May07:
Yesterday the markets failed to recover in the later half and closed in the negative. The advance decline ratio is 1:1 and the FII’s remain to be net sellers in equity and stock futures. Today our markets can open flat and can gain momentum as the day progresses. Sector wise Banking and Oil marketing companies are looking strong, automobile stocks are looking for a bounce back and the technology sector is looking weak. Watch out for SBI and ICICI Bank today. The global markets have mixed trend and no cues available from them. The nifty should find resistance at 4147-4164-4180 and should find support at 4107-4087-4070.
Futures Trading Calls:
Buy Bank Nifty at current levels for target 6250.
Buy Aban Offshore if sustains above 2460 for target 2550 and 2650.
Buy ICICI Bank at current levels for target 935.
Buy Tata Tea if sustains above 840 for target 875.
Cash Calls:
Buy Pantaloon Retail if sustains above 448 for target 475 and 490.
Buy Rain Calcing if sustains above 35.25 for target 39.
Buy Repro India if sustains above 119 for target 140.
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, May 15, 2007
Nifty: 4134.30 +57.65 Points Sensex: 13965.86 +169.70 Points
FII Activity:
Cash Segment: 85.32 crores net sellers
Index Futures: 716.01 crores net buyers
Stock futures: 114.75 crores net sellers
Advance Decline ratio: 758:308
Outlook for 15May07:
As expected the markets opened in the positive and held on to its gains yesterday. Better then expected results from SBI and global markets triggered the up move yesterday. US markets were quite yesterday as they expect economic data on Tuesday. For today, the global cues are flat and that might be the case in our markets as well. I expect the markets to open flattish to bearish and can gain some momentum in the second half to close in the positive. The Nifty should find resistance at 4142-4167-4184 and should find support at 4114-4101-4077.
Futures Trading Calls:
Buy Canara Bank if sustains above 236 for target 243 and 251.
Buy Hotel Leela ventures if sustains above 60 for target 62.
Buy Rajesh Exports if sustains above 440 for target 450.
Cash Calls:
Buy Srei Infrastructure Finance if sustains above 64.50 for target 70.
Buy Jenson & NIc (I) if sustains above 6.60 for target 9.00
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: 85.32 crores net sellers
Index Futures: 716.01 crores net buyers
Stock futures: 114.75 crores net sellers
Advance Decline ratio: 758:308
Outlook for 15May07:
As expected the markets opened in the positive and held on to its gains yesterday. Better then expected results from SBI and global markets triggered the up move yesterday. US markets were quite yesterday as they expect economic data on Tuesday. For today, the global cues are flat and that might be the case in our markets as well. I expect the markets to open flattish to bearish and can gain some momentum in the second half to close in the positive. The Nifty should find resistance at 4142-4167-4184 and should find support at 4114-4101-4077.
Futures Trading Calls:
Buy Canara Bank if sustains above 236 for target 243 and 251.
Buy Hotel Leela ventures if sustains above 60 for target 62.
Buy Rajesh Exports if sustains above 440 for target 450.
Cash Calls:
Buy Srei Infrastructure Finance if sustains above 64.50 for target 70.
Buy Jenson & NIc (I) if sustains above 6.60 for target 9.00
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, May 14, 2007
Nifty: 4076.65 +9.85 Points Sensex: 13796.16 +24.93 Points
FII Activity:
Cash Segment: 514.26 crores net sellers
Index Futures: 178.93 crores net sellers
Stock futures: 195.91 crores net sellers
Advance Decline ratio: 505:543
Outlook for 14May07:
The markets are all set to go up this week. Please do not go and buy for long term just yet. This might be the last and final up move before it starts correcting again. I do not expect the Nifty to go past 4200 in this run. In case it does so, it can go up till 4250 and 4315. On Friday even if the markets recovered from the panic selling situation in the morning the FIIs were net sellers in the end. There is no strength in this pull back. The global markets are strong and will help our market go up but, till when, is the question. It is always advisable to go short at the higher levels. For today, Nifty should face resistance at 4103-4139-4166 and should take support at 4044-4026-4000.
Futures Trading Calls:
Buy IDFC at current levels for target 113.75
Buy JP Associates if sustains above 630 for target 653 and 683.
Buy Reliance Communications if sustains above 487 for target 498.
Buy Triveni Engineering if sustains above 54 for target 56.50
Buy Bajaj Hindustan if sustains above 174 for target 184.
Sell Divis Laboratories at current levels for target 3570 with stop loss 3920.
Cash Calls:
Buy Sterlite Opticals if sustains above 197 for target 207.
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: 514.26 crores net sellers
Index Futures: 178.93 crores net sellers
Stock futures: 195.91 crores net sellers
Advance Decline ratio: 505:543
Outlook for 14May07:
The markets are all set to go up this week. Please do not go and buy for long term just yet. This might be the last and final up move before it starts correcting again. I do not expect the Nifty to go past 4200 in this run. In case it does so, it can go up till 4250 and 4315. On Friday even if the markets recovered from the panic selling situation in the morning the FIIs were net sellers in the end. There is no strength in this pull back. The global markets are strong and will help our market go up but, till when, is the question. It is always advisable to go short at the higher levels. For today, Nifty should face resistance at 4103-4139-4166 and should take support at 4044-4026-4000.
Futures Trading Calls:
Buy IDFC at current levels for target 113.75
Buy JP Associates if sustains above 630 for target 653 and 683.
Buy Reliance Communications if sustains above 487 for target 498.
Buy Triveni Engineering if sustains above 54 for target 56.50
Buy Bajaj Hindustan if sustains above 174 for target 184.
Sell Divis Laboratories at current levels for target 3570 with stop loss 3920.
Cash Calls:
Buy Sterlite Opticals if sustains above 197 for target 207.
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.
Friday, May 11, 2007
Nifty: 4066.80 -12.50 Points Sensex: 13771.23 -10.28 Points
FII Activity:
Cash Segment: 153.27 crores net buyers
Index Futures: 82.90 crores net buyers
Stock futures: 135.26 crores net buyers
Advance Decline ratio: 522:536
Outlook for 11May07:
Yesterday is was interesting to see that the markets crashed in the second half. Today also the markets will open in the negative, but I have a strong feeling that it will bounce back in the second half. Nifty level of 4028 is very crucial. If it manages to close below this level for 2 consecutive days then expect 3900 in the nifty charts in the short term. If it holds then expect some buying in the coming week. Most of the Nifty stocks are showing bearish divergence at the bottom. If those stocks hold up to close in positive today then expect buying in the next week.
For today, Nifty should take support at 4046-4028-4007 and should face resistance at 4076-4107-4141.
Futures Trading Calls:
Sell Ashok Leyland at current levels for target 36.50
Sell BEL if sustains below 1630 for target 1575.
Sell Seimens if sustains below 1200 for target 1165.
Cash Calls:
Buy BASF (I) if sustains above 255 for target 275.
Buy Patel Engg if sustains above 415 for target 427 and 447.
Buy Pyramid Retail if sustains above 67.50 for target 73 and 87.
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: 153.27 crores net buyers
Index Futures: 82.90 crores net buyers
Stock futures: 135.26 crores net buyers
Advance Decline ratio: 522:536
Outlook for 11May07:
Yesterday is was interesting to see that the markets crashed in the second half. Today also the markets will open in the negative, but I have a strong feeling that it will bounce back in the second half. Nifty level of 4028 is very crucial. If it manages to close below this level for 2 consecutive days then expect 3900 in the nifty charts in the short term. If it holds then expect some buying in the coming week. Most of the Nifty stocks are showing bearish divergence at the bottom. If those stocks hold up to close in positive today then expect buying in the next week.
For today, Nifty should take support at 4046-4028-4007 and should face resistance at 4076-4107-4141.
Futures Trading Calls:
Sell Ashok Leyland at current levels for target 36.50
Sell BEL if sustains below 1630 for target 1575.
Sell Seimens if sustains below 1200 for target 1165.
Cash Calls:
Buy BASF (I) if sustains above 255 for target 275.
Buy Patel Engg if sustains above 415 for target 427 and 447.
Buy Pyramid Retail if sustains above 67.50 for target 73 and 87.
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, May 10, 2007
Nifty: 4079.30 +2.30 Points Sensex: 13781.51 +16.05 Points
FII Activity:
Cash Segment: 300.02 crores net sellers
Index Futures: 601.92 crores net sellers
Stock futures: 455.94 crores net sellers
Advance Decline ratio: 441:615
Outlook for 10May07:
As expected, yesterday the indices opened in the negative and climbed up to close in positive. Even though the pull back seemed significant, look at the FII figures and advance decline ratio. The undertone in the market is still weak. If there is a pull back today or on Friday, use it to exit long positions and if the markets over stretches take it as an opportunity to short sell. The pull back rally can be on account of short covering. The Nifty futures premium of 13 points is not at all comforting. The fed meet yesterday left the rates unchanged as expected and are not expected to touch it till the end of the year. Even though I have a few buy calls, buy them only if you have a lion’s heart else, stay out. For today, the nifty is expected to open in the positive. I am curious to check the close. Bank stocks might lead the rally and the tech stocks are expected to pull it down. Nifty should face resistance at 4105-4136-4163 and should take support at 4052-4037-4017.
Futures Trading Calls:
Buy Bank of India if sustains above 198 for target 205.
Buy Bata if sustains above 165.50 for target 171.50
Buy Federal Bank if sustains above 263 for target 269.
Buy Gujarat Alkalies if sustains above 143 for target 154.
Buy Karnataka Bank if sustains above 180 for target 184.
Buy NDTV if sustains above 367 for target 377.
Buy Suzlon Energy if sustains above 1265 for target 1290.
Cash Calls:
No Calls Today.
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: 300.02 crores net sellers
Index Futures: 601.92 crores net sellers
Stock futures: 455.94 crores net sellers
Advance Decline ratio: 441:615
Outlook for 10May07:
As expected, yesterday the indices opened in the negative and climbed up to close in positive. Even though the pull back seemed significant, look at the FII figures and advance decline ratio. The undertone in the market is still weak. If there is a pull back today or on Friday, use it to exit long positions and if the markets over stretches take it as an opportunity to short sell. The pull back rally can be on account of short covering. The Nifty futures premium of 13 points is not at all comforting. The fed meet yesterday left the rates unchanged as expected and are not expected to touch it till the end of the year. Even though I have a few buy calls, buy them only if you have a lion’s heart else, stay out. For today, the nifty is expected to open in the positive. I am curious to check the close. Bank stocks might lead the rally and the tech stocks are expected to pull it down. Nifty should face resistance at 4105-4136-4163 and should take support at 4052-4037-4017.
Futures Trading Calls:
Buy Bank of India if sustains above 198 for target 205.
Buy Bata if sustains above 165.50 for target 171.50
Buy Federal Bank if sustains above 263 for target 269.
Buy Gujarat Alkalies if sustains above 143 for target 154.
Buy Karnataka Bank if sustains above 180 for target 184.
Buy NDTV if sustains above 367 for target 377.
Buy Suzlon Energy if sustains above 1265 for target 1290.
Cash Calls:
No Calls Today.
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, May 08, 2007
Nifty: 4077.00 -34.15 Points Sensex: 13765.46 -113.79 Points
FII Activity:
Cash Segment: 205.41 crores net sellers
Index Futures: 77.72 crores net sellers
Stock futures: 63.18 crores net sellers
Advance Decline ratio: 278:780
Outlook for 09May07:
Yesterday the markets closed in the negative. The FII figures and the advance decline ratio suggest weakness in the markets. The pull back rally in cement stocks is over stretching and they can correct 8-10% from these levels esp., ACC and JP Associates are looking weak. The global markets were strong for the last 2-3 days and are now cautious ahead of Fed reserves decision on interest rate hike even though most of the analysts feel that the rate will be left unchanged. For today, the indices might open in the negative and crawl back to close in the positive. There is a big up move waiting to happen either on Thursday or Friday. The Nifty should take support at 4056-4043-4017 and should find resistance at 4100-4118-4148.
Futures Trading Calls:
Sell CESC if remains below 357 for target 345.
Sell Dr.Reddy’s if remains below 684 for target 640 and 620.
Sell HDFC if remains below 1595 for target 1550 and 1515.
Sell IFlex if remains below 2270 for target 2180.
Sell HPCL if remains below 280 for target 270 and 265.
Sell Orchid Chemicals if remains below 252 for target 245.
Cash Calls:
No Calls Today.
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: 205.41 crores net sellers
Index Futures: 77.72 crores net sellers
Stock futures: 63.18 crores net sellers
Advance Decline ratio: 278:780
Outlook for 09May07:
Yesterday the markets closed in the negative. The FII figures and the advance decline ratio suggest weakness in the markets. The pull back rally in cement stocks is over stretching and they can correct 8-10% from these levels esp., ACC and JP Associates are looking weak. The global markets were strong for the last 2-3 days and are now cautious ahead of Fed reserves decision on interest rate hike even though most of the analysts feel that the rate will be left unchanged. For today, the indices might open in the negative and crawl back to close in the positive. There is a big up move waiting to happen either on Thursday or Friday. The Nifty should take support at 4056-4043-4017 and should find resistance at 4100-4118-4148.
Futures Trading Calls:
Sell CESC if remains below 357 for target 345.
Sell Dr.Reddy’s if remains below 684 for target 640 and 620.
Sell HDFC if remains below 1595 for target 1550 and 1515.
Sell IFlex if remains below 2270 for target 2180.
Sell HPCL if remains below 280 for target 270 and 265.
Sell Orchid Chemicals if remains below 252 for target 245.
Cash Calls:
No Calls Today.
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.
Nifty: 4111.15 -6.20 Points Sensex: 13879.25 -55.02 Points
FII Activity:
Cash Segment: 74.57 crores net buyers
Index Futures: 42.65 crores net sellers
Stock futures: 97.53 crores net sellers
Advance Decline ratio: 432:626
Outlook for 08May07:
Yesterday the markets closing in the negative was not a very comfortable for me. From now on every rise is an opportunity to sell. Today the markets might bounce back, but the time is not ripe to buy yet. The new high seems to be a rare possibility now. I suggest to exit long positions at all higher levels. The results reason is close to its end and there is no major news coming up in the near future. The bearish engulfing pattern made on Friday was confirmed by the negative close on Monday which indicates weakness at these levels. I will not be surprised if the Nifty tests 3900 levels in this month. The pull back rally in cement stock seems to be ending and the charts are looking down again. For today, The Nifty should face resistance on 4134-4167-4196 and should take support at 4100-4083-4058.
Futures Trading Calls:
Sell GMR Infra if remains below 426 for target 410.
Sell ICICI Bank at current levels for target 808.
Sell JP Associates if remains below 610 for target 585.
Sell McDowell if remains below 865 for target 845.
Sell Nagarjuna Fertilizers if remains below 20 for target 18.80
Cash Calls:
Buy Crest Animation if sustains above 117 for target 130.
Buy Ispat Industries if sustains above 18.25 for target 24.75
Buy RCF at current levels for target 46.
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: 74.57 crores net buyers
Index Futures: 42.65 crores net sellers
Stock futures: 97.53 crores net sellers
Advance Decline ratio: 432:626
Outlook for 08May07:
Yesterday the markets closing in the negative was not a very comfortable for me. From now on every rise is an opportunity to sell. Today the markets might bounce back, but the time is not ripe to buy yet. The new high seems to be a rare possibility now. I suggest to exit long positions at all higher levels. The results reason is close to its end and there is no major news coming up in the near future. The bearish engulfing pattern made on Friday was confirmed by the negative close on Monday which indicates weakness at these levels. I will not be surprised if the Nifty tests 3900 levels in this month. The pull back rally in cement stock seems to be ending and the charts are looking down again. For today, The Nifty should face resistance on 4134-4167-4196 and should take support at 4100-4083-4058.
Futures Trading Calls:
Sell GMR Infra if remains below 426 for target 410.
Sell ICICI Bank at current levels for target 808.
Sell JP Associates if remains below 610 for target 585.
Sell McDowell if remains below 865 for target 845.
Sell Nagarjuna Fertilizers if remains below 20 for target 18.80
Cash Calls:
Buy Crest Animation if sustains above 117 for target 130.
Buy Ispat Industries if sustains above 18.25 for target 24.75
Buy RCF at current levels for target 46.
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, May 07, 2007
Nifty: 4117.35 -33.50 Points Sensex: 13934.27 -143.94 Points
FII Activity:
Cash Segment: 131.32 crores net sellers
Index Futures: 9.00 crores net buyers
Stock futures: 447.00 crores net sellers
Advance Decline ratio: 419:644
Outlook for 07May07:
It is very important to wait and watch where the markets will end today. Most of the Nifty stocks have shown bearish engulfing pattern at the top. The global markets are trading strongly and we should also open in the positive. The closing level is the one to watch for. If the markets close in positive today then there is some more upside left. If the indicies close in negative today, then Fridays high is the high for some time to come. For today, the Nifty should find resistance at 4141-4166-4187 and should take support at 4095-4070-4046.
Futures Trading Calls:
Buy Colgate if sustains above 400 for target 418.
Buy Gail if sustains above 310 for target 324.
Buy Lanco Infratech if sustains above 177 for target 184 and 195.
Sell Aban Offshore if remains below 2520 for target 2390.
Sell BPCL if remains below 334 for target 315.
Sell L&T if remains below 1695 for target 1630.
Cash Calls:
Buy Himachal Futuristic if sustains above 27.50 for target 30 and 34.
Buy Inox Leisure if sustains above 131 for target 140.
Buy Pritish Nandy Communications if sustains above 66.50 for target 78.
Buy SAL Steel if sustains above 16 for target 19.
Buy Subex Azure if sustains above 655 for target 730.
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: 131.32 crores net sellers
Index Futures: 9.00 crores net buyers
Stock futures: 447.00 crores net sellers
Advance Decline ratio: 419:644
Outlook for 07May07:
It is very important to wait and watch where the markets will end today. Most of the Nifty stocks have shown bearish engulfing pattern at the top. The global markets are trading strongly and we should also open in the positive. The closing level is the one to watch for. If the markets close in positive today then there is some more upside left. If the indicies close in negative today, then Fridays high is the high for some time to come. For today, the Nifty should find resistance at 4141-4166-4187 and should take support at 4095-4070-4046.
Futures Trading Calls:
Buy Colgate if sustains above 400 for target 418.
Buy Gail if sustains above 310 for target 324.
Buy Lanco Infratech if sustains above 177 for target 184 and 195.
Sell Aban Offshore if remains below 2520 for target 2390.
Sell BPCL if remains below 334 for target 315.
Sell L&T if remains below 1695 for target 1630.
Cash Calls:
Buy Himachal Futuristic if sustains above 27.50 for target 30 and 34.
Buy Inox Leisure if sustains above 131 for target 140.
Buy Pritish Nandy Communications if sustains above 66.50 for target 78.
Buy SAL Steel if sustains above 16 for target 19.
Buy Subex Azure if sustains above 655 for target 730.
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.
Friday, May 04, 2007
Market Outlook for 04may07
Nifty: 4150.85 +62.95 Points Sensex: 14078.21 +205.84 Points
FII Activity:
Cash Segment: 69.70 crores net buyers
Index Futures: 537.66 crores net buyers
Stock futures: 30.47 crores net buyers
Advance Decline ratio: 688:365
Outlook for 04May07:
Yesterday the markets gained substantially led by Reliance Industries. I am not convinced that the markets will go any further from these levels. I would advise selling Nifty futures if markets open strong today. There is no trend available for today from the global markets. For today, the Nifty should resistance at 4165-4190-4226 and should find support at 4140-4108-4064.
Futures Trading Calls:
No calls today.
Cash Calls:
No calls today.
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.
Nifty: 4150.85 +62.95 Points Sensex: 14078.21 +205.84 Points
FII Activity:
Cash Segment: 69.70 crores net buyers
Index Futures: 537.66 crores net buyers
Stock futures: 30.47 crores net buyers
Advance Decline ratio: 688:365
Outlook for 04May07:
Yesterday the markets gained substantially led by Reliance Industries. I am not convinced that the markets will go any further from these levels. I would advise selling Nifty futures if markets open strong today. There is no trend available for today from the global markets. For today, the Nifty should resistance at 4165-4190-4226 and should find support at 4140-4108-4064.
Futures Trading Calls:
No calls today.
Cash Calls:
No calls today.
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, May 03, 2007
Nifty: 4087.90 +4.40 Points Sensex: 13872.37 -36.21 Points
FII Activity:
Cash Segment: 440.51 crores net sellers
Index Futures: 808.40 crores net sellers
Stock futures: 83.78 crores net sellers
Advance Decline ratio: 639:411
Outlook for 03May07:
The markets will be trading today after two days break. Most of the global markets are having a short week. The US markets traded in positive yesterday and the Asian markets have taken a cue from them and are also trading in positive. Our markets should also open in the positive today but the question is whether the early morning gains will be sustained or not. The FII figures for 30April07 is a cause for concern. Even though the markets ended flat on Monday the FII’s have sold substantial quantity. For today, the Nifty should face resistance at 4100-4140-4173 and should take support at 4067-4044-4004.
Futures Trading Calls:
Buy McDowell if sustains above 882 for target 912.
Buy Bata if sustains above 167.50 for target 181.
Buy Infosys if sustains above 2080 for target 2130.
Buy GMR Infra if sustains above 434 for target 460.
Buy ACC if sustains above 852 for target 875.
Sell Polaris if remains below 167 for target 161 and 155.
Cash Calls:
Buy DCB if sustains above 77.50 for target 86.50
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: 440.51 crores net sellers
Index Futures: 808.40 crores net sellers
Stock futures: 83.78 crores net sellers
Advance Decline ratio: 639:411
Outlook for 03May07:
The markets will be trading today after two days break. Most of the global markets are having a short week. The US markets traded in positive yesterday and the Asian markets have taken a cue from them and are also trading in positive. Our markets should also open in the positive today but the question is whether the early morning gains will be sustained or not. The FII figures for 30April07 is a cause for concern. Even though the markets ended flat on Monday the FII’s have sold substantial quantity. For today, the Nifty should face resistance at 4100-4140-4173 and should take support at 4067-4044-4004.
Futures Trading Calls:
Buy McDowell if sustains above 882 for target 912.
Buy Bata if sustains above 167.50 for target 181.
Buy Infosys if sustains above 2080 for target 2130.
Buy GMR Infra if sustains above 434 for target 460.
Buy ACC if sustains above 852 for target 875.
Sell Polaris if remains below 167 for target 161 and 155.
Cash Calls:
Buy DCB if sustains above 77.50 for target 86.50
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.
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