GUYS SORRY FOR THE LATE UPDATE ,BUT I AM THERE IN RIGHT TIME
PLEASE WATCH WWW.MONEYSPIN.BLOGSPOT.COM for STOCKS RECOS
Wednesday, June 27, 2007
Friday, June 01, 2007
Nifty: 4295.80 +46.15 Points Sensex: 14544.46 +133.08 Points
FII Activity:
Cash Segment: 168.86 crores net buyers
Index Futures: 392.92 crores net buyers
Stock futures: 366.94 crores net sellers
Advance Decline ratio: 566:493
Outlook for 01Jun07:
Today is the first day of June series and introduction of Junior Nifty and CNX IT into the futures and options market. The roll overs from the May series are very good and the June series has the all time high open interest at the start of the series. Yesterday’s close is the all time high close for the spot Nifty. The global markets are trading marginally in the positive. Our markets also should open in the positive but technically many of the Nifty stocks are not showing great strength and can lose momentum in the later half to pull the indices down. Caution is advised at higher levels on an intraday basis. The tech stocks and the CNX IT is crucially poised and can fall further if it closes below 5190, else a bounce back. For today, the Nifty should face resistance at 4315-4334-4353 and should take support at 4271-4256-4240.
Futures Trading Calls:
Buy Deccan Aviation if sustains above 151 for target 162.
Buy GE Shipping at current levels for target 315.
Buy IDFC if sustains above 118.50 for target 123.
Sell Escorts if sustains below 121 for target 113.
Cash Market Calls:
Buy Aegis Logistics at current levels for target 158 and 175.
Buy GVK Power and Infra if sustains above 434 for target 457.
Buy Helios and Matheson if sustains above 147 for target 175.
Please Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.
FII Activity:
Cash Segment: 168.86 crores net buyers
Index Futures: 392.92 crores net buyers
Stock futures: 366.94 crores net sellers
Advance Decline ratio: 566:493
Outlook for 01Jun07:
Today is the first day of June series and introduction of Junior Nifty and CNX IT into the futures and options market. The roll overs from the May series are very good and the June series has the all time high open interest at the start of the series. Yesterday’s close is the all time high close for the spot Nifty. The global markets are trading marginally in the positive. Our markets also should open in the positive but technically many of the Nifty stocks are not showing great strength and can lose momentum in the later half to pull the indices down. Caution is advised at higher levels on an intraday basis. The tech stocks and the CNX IT is crucially poised and can fall further if it closes below 5190, else a bounce back. For today, the Nifty should face resistance at 4315-4334-4353 and should take support at 4271-4256-4240.
Futures Trading Calls:
Buy Deccan Aviation if sustains above 151 for target 162.
Buy GE Shipping at current levels for target 315.
Buy IDFC if sustains above 118.50 for target 123.
Sell Escorts if sustains below 121 for target 113.
Cash Market Calls:
Buy Aegis Logistics at current levels for target 158 and 175.
Buy GVK Power and Infra if sustains above 434 for target 457.
Buy Helios and Matheson if sustains above 147 for target 175.
Please Note:
1. 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.
2. The calls provided on day 0 holds good for the next 2-3 trading sessions if sustains above/below the mentioned levels.
Subscribe to:
Posts (Atom)