Markets On 13-082008

Market Outlook and Tips for 13-08-08

NIFTY ANALYSIS : After a positive opening, Nifty face selling pressure at higher level and finally closed almost 65 point down from it's previous close. On chart Nifty has formed a bearish dark cloud pattern. Now it has a support around 4530 and breakout support around 4450. So in worst scenario, Nifty should not close below 4440 level, and if that happens, then it may slide up to 4200 level. On upside, now any daily or weekly closing above 4650 will make Nifty bullish. So Nifty may consolidate here for some time before giving any significant movement. So it should be good idea to book some profit here and wait for the opportunity. For Wednesday, support exists at 4515 and then at 4445. On upside, resistance exists at 4600 and then at 4640.

Today if Nifty Future cross the level of 4620 then please makes new long position other wise bullish investor please keep distance from the market, if Nifty Future go to break the level of 4565 then it can go below the level of 4520, 4450 to 4235.

According to main support level when Nifty Spot trade above the level of 4395, Sensex----14565 then Nifty Spot can go at the level of 4770 & Sensex 15835 but if Nifty Spot go to break the level of 4395 & Sensex------14565 then once again lower level can be tested. So selling pressure can be started near the level of Nifty 4770 & Sensex15835 before that there is a strong resistance of Nifty--- 4680, selling pressure can come there also.

NIFTY FUTURE : Now above 4600 Nifty face some selling pressure so two consecutive day above 4620 is required for further rally. For day trading view, above 4575 it go for 4625 to 4699 level. At downside it has support around 4515 and then 4445.

BSE SENSEX : For a day trading view, Above 15305 it go for 15485 to 15835 level and at downside it has support around 15030 if break this then slide up to 14850 to 14555.

RELIANCE : Now it close near 2350 level, so it go for 2375 to 2405 level and if cross this then 2435 is possible. support at 2315 and then 2285.

SBI : Some profit booking is seen in this stock, Now for further rally if it cross 1568 then it go for 1612 to 1668 level and then 1712. At downside it has support around 1512 and then 1468.

TATA STEEL : Again give a bearish sign, now below 623 it try to kiss 582 and then 556 level. At upside if trade above 623 then it go for 649 to 690.

L&T : For day trading view, it has support around 2811 level and if break then slide up to 2777 to 2727 level. At upside above 2861 it go for 2895 to 2945.

INFOSYS : It slide to kiss 1560 and if break this too then it slide up to 1517 to 1449 level. It upside it face hurdle at 1628 and then 1671.

ONGC : Now below 1100 it slide to touch 1060 and if slip further then slide up to 1035 to 995. level. At upside it face hurdle at 1135 and then at 1170.

ONGC crosses if 1045-1060( 200DMA) and stays above it,Can Touch 1155 in near term.RSI is looking good.Traders cam remain Long.

REL CAPITAL : Above 1423 it zoom to kiss 1445 and then at 1480 to 1502 level. At downside it has support around 1388 and then 1366.

REL INFRA : Now for further rally it should close above 1120 . For intra day range above 1120 it go for 1145 to 1170 level and at downside below 1095 it slide to kiss 1070 to 1050 level.

BHEL : Below 1810 it slide to touch 1775 and if break this then slide up to 1735 to 1700 level. At upside trade above 1810 lead it to the 1845 to 1885 level.

DLF : Again in the range of 580 to 555. Any side close lead this stock to that side if go upside then go for 585 to 595 and if trade below 555 then slide up to 545 to 530

NIFTY FUTURE Sell below 4580 SL 4615 target 4520-4480-4420 & Below

BANK NIFTY Sell below 6555 SL 6635 TGT 6356

Sell BHARATFORGE Below @ 270 Target 265-260-250.

Sell CANBANK Below @ 230 Target 225-220-210.

Sell GAIL Below @ 420 Target 415-408-395.

Sell GRASIM Below @ 2065 Target 2050-2020-1960.

Sell HPCL Below @ 235 Target 230-225-220.

Sell IOB Below @ 100 Target 95-90-85.

Sell KOTAKBANK Below @ 645 Target 625-605-565.

Sell MARUTI Below @ 675 Target 655-630-575.

Sell NTPC Below @ 185 Target 185-180-170.

Buy M&M Above @ 595 Target 605-620-645.

Buy MASTEK Above @ 375 Target 385-395-415.

Buy GNFC Above @ 130 Target 135-140-145.

Buy BIOCON Above @ 400 Target 420-430-465.

Buy ASIANPAINT Above @ 1255 Target 1270-1280-1305.

Buy GMRINFRA Above 112.15 sl 108 tgt 114-117-123.

Buy LOKESHMACH Above 71 sl 66 tgt 74-80.

BUY SUBEX Above 88 sl 81 tgt 91.40-96-104.

BUY NETWORK18 Above 208 sl 198 tgt 213-224-240.

Buy EDL Above 125 sl 116 tgt 129-136-142.
Buy ARVINDMILL above 39 sl 36 tgt 42-46

POSITIONAL :

Buy KS Oil ,SL @ 57 on Closing Basis,Tgt : 70-82

Futures :

Buy APTECH ( AUGUST FUTURES)

SL @225 on Closing Basis, Tgt :265-280

Futures –Option Strategy :

CHAMBAL FERTILIZERS (86)(4-5 days):

Buy CHAMBAL AUG 85 CALL @ 6-6.5

Sell CHAMBAL AUG 95 CALL @ 3-3.5

STOPLOSS ( For Both The Calls) when CHAMBAL AUG 85 CALL hits 3.7 – 4

TARGET : CHAMBAL AUG 85 CALL @ Rs 10-11. ( Lot Size : 3450)

Markets Outlook For 12-08-2008

Market Outlook and Tips for 12-08-08

Markets witnessed a spectacular rally led by reality & banking sectors. Infrastructure and oil stocks have also played a key role in today’s trade.

The undertone of the market is very strong, but one should be cautious at higher levels as nifty faces very strong resistance in the region around 4640-4670 levels. If nifty manages to sustain above 4670 then there is a fair possibility that the current rally can extend upto 4745/4945 levels. The nifty has a strong support around 4375 areas any trade below could be a threat to the current up-trend.

NIFTY ANALYSIS : Because of strong global closing, Nifty opened on a strong note and remained in the upper zone throughout the day and finally closed 91 points up from its previous day’s close. On daily basis Nifty has closed above 4600 but we have to wait for a weekly close. This week will be a truncated week. So we may witness more volatility in the later part of the week. There is nothing more to say, it seems that for the time being downside is limited. So use correction to initiate long positions. Sector wise, most of the sectors are looking good. For Tuesday, support exists at 4580 and then at 4515 and on upside, resistance exists at 4675 and then at 4720.

Market was bullish one day more, which we already hoped. This time 14 DMA & 5 DMA of Nifty Spot & Sensex are bullish. 5 DMA of Nifty Future is doing flat trade, so there is no hope for very Bull Run. This type of Bull Run means that it’s a game, which is playing with the investors & due to this investors will come to see in the bullish zone. All the investors will go to trap on higher level because once again market will go to do the bearish. Selling pressure can be made on near the Nifty Spot level of 4670.

Today if Nifty Future trade above the level of 4630 then it can go up to the level of 4670, 4690 to 4720 but as Nifty Future break the level of 4630 & after that 4600 then it can go below the level of 4550, 4485 to 4450.

According to main support level when Nifty Spot trade above the level of 4395, Sensex----14565 then Nifty Spot can go at the level of 4770 & Sensex 15835 but if Nifty Spot go to break the level of 4390 & Sensex------14560 then once again lower level can be tested. So selling pressure can be started near the level of Nifty 4770 & Sensex15835 before that there is a strong resistance of Nifty--- 4675, selling pressure can come there also.

Important Support Levels:

SENSEX (15503)

Support : 15380-15250-15005-14870-14690

Resistance : 15670-15795-15910-16075

NIFTY (4620)

Support : 4585-4545-4470-4430-4375

Resistance : 4670-4710-4745-4795

NIFTY FUTURE : Now it zoom to kiss 4655 and if sustain above it then it go for 4690 to 4750 level. At downside support at around 4590 and then at 4555.

BSE SENSEX : Above 15540 it go for 15620 to 15715 level. At downside support at around 15465 and then at 15405.

RELIANCE : Now if trade and sustain above 2355 then it go for 2390 to 2445 level. At downside support at around 2300 and then at 2275.

SBI : For a day trading view, it zoom to kiss 1625 and if cross this too then go for 1650 to 1695. At downside support at 1580 and then at 1550.( Positional : can touch 1800-1870 levels in Short to Medium Term )

TATA STEEL : As expected it face hurdle around 665, now it has a support at around 635 and then 625. At upside above 660 it go 674 and if sustain above it then go for 680.

L&T : Zoom to kiss 2910 and if stay above it then go for 2930 to 2960 level. At downside support at 2880 and then 2865.

INFOSYS : Now it has a support around 1645 and if break this then it slide up to 1620 to 1585. At upside it face resistance at 1680 and then at 1705.

ONGC : It zoom to kiss 1120 and if cross this too then it go for 1135 to 1160. At downside support at 1100 and then 1085 break below slide up to 1060 to 1040.

REL CAPITAL : For a day trading view, it has a good support at around 1425 and then 1400. at upside if cross 1450 and stay above it then it go for 1470 to 1495 level.(Positional : likely to test 1500-1570 levels,Medium Term Outlook Bullish )

REL INFRA : Now it zoom to kiss 1125 and if cross this too then go for 1155 to 1195 level. At downside support at around 1085 and then at 1060.

BHEL : It zoom to kiss 1850 and if cross this too then it go for 1870 to 1895 level. At downside it has support around 1805 and then 1780.

DLF : Now if break 555 then slide up to 545 to 530 level. At upside it face resistance at 580 and if cross this then only it go for 590 to 605.

ADLABS : Candle Stick Of Adlabs is making bullish pattern .Stock can go up to 640-680 in near term.540-525 will act as support.

ADITYA BIRLA NUVO : Stock is facing resistance at current levels,which is likely to be broken. Stock is heading towards 1500 in coming days . Traders can take long positions

WELSPUN : Stock is heading towards 400-430 levels in coming days. It is forming a Bullish Pattern..Traders with Short Term Outlook Can Take Long Position.

INTRA

Buy DENA BANK Above 50 sl 48.50 tgt 51-52.20-55.

Buy CLUTCH AUTO Above 42.40 sl 40.70 tgt 44-46-54.

Buy FSL Above 41.20 sl 38.80 tgt 42.70-44-47.

Buy GSPL Above 65.25 sl 63 tgt 66.30-68.40-70-75.

Buy ASIANPAINT Above @ 1255 Target 1267-1276 to 1300.

Buy BAJAJAUTO Above @ 570 Target 585-595-620.

Buy BOB Above @ 295 Target 300-305-320.

Buy BANKINDIA Above @ 304 Target 309-315 to 327.

Buy CHENNPETRO Above @ 305 Target 310-315-320.

Buy BHEL Above @ 1835 Target 1850-1895-1925

Buy GAIL Above @ 420 Target 425-435-450.

Buy ICICIBANK Above @ 775 Target 790-805-850.

Buy ITC Above @ 190 Target 195-200-205.

Buy RCOM Above @ 455 Target 465-470-490.

Sell TCS Below @ 835 Target 795-760-745.

Sell TATACHEM Below @ 350 Target 330-310-300.

Sell SUZLON Below @ 250 Target 245-235-230.

Sell SATYAM Below @ 410 Target 400-385-380.

Sell RELCAPITAL Below @ 1440 Target 1390-1340-1315.

Positional ( 1-5 Days )

APIL (427) : Buy with a longer time frame, very strong support zone 400-415, if sustains above 435 then a bigger rally expected

Resistance : 435-440 ; Target : 455-495-550

HCC (109 ): Buy on dip, huge delivery based volume happening, very strong support @ 100-105.

Resistance : 111-112 ; Target : 120-125

RCOM (455 ) : Buy & hold with a stop-loss of 435.

Resistance : 460 ; Target : 475-505 525

SIEMENS ( 561 ) : Buy & hold with a stop-loss of 540.

Resistance : 570 ; Target : 590-630-695

UNITECH (187 ) : Buy & hold with a stop-loss of 179 (Medium Term Bullish ).

Resistance : 190 ; Target : 210-230 ; Support : 170

Futures ( Bullish Strategy ) : 3-4 Days ( Please Follow Strict Stop loss )

Buy Rcom AUG 450 CALL @ 18

Sell Rcom AUG 480 CALL @ 10

Stoploss : RCOM AUG 450 CALL @ 10

Target : RCOM AUG 450 CALL @ 30

Markets For 11-08-2008

Nifty (4529):- Nifty advanced for the fifth consecutive week supported by sharp fall in crude oil prices and positive global cues. However, Selling pressure at higher levels was seen. Midcap stocks outperformed the benchmark indices as bargain. Hunting was seen after the recent meltdown. During the week, nifty gained 2.6% to close at 4529, driven by gains in Maruti, HDFC Bank and ICICI Bank and in other interest-rate sensitive sectors Such as realty and auto. Steel stocks bucked the positive trend to close lower. With inflation rising at a much slower pace in recent Weeks, there are expectations that RBI may now hold its rate-hiking spree.
For the coming week, we may witness volatility as IIP numbers are scheduled to be announced on 12th August.
However traders can go long on Nifty with stoploss of 4370 for the Upside target of 4610-4620 and 4720-4750+++.below 4370 we may Fall back to 4250 levels.

According to weekly or two weekly targets Nifty Spot trade above the level of
(4500 & 4555) Sensex (15025 & 15205) then they can go up to the level of Nifty Spot (4770 to 4800 & Sensex (15995 to 16475) but if Nifty Spot go to break the level of (4420 to 4260) Sensex (14720 to 14125) then they can go below the level of Nifty Spot (4205 to 3875) Sensex(13935 to 12680).

According to main support level when Nifty Spot trade above the level of 4385, Sensex----14565 then Nifty Spot can go at the level of 4785 & Sensex 15845 but if Nifty Spot go to break the level of 4395 & Sensex------14565 then once again lower level can be tested. So selling pressure can be started near the level of Nifty 4785 & Sensex15845 before that there is a strong resistance of Nifty--- 4680, selling pressure can come there also.

Above levels are very strong levels, so please do not ignore when you do trade.

Due to the profit booking in the CRUDE OIL Market is running volatile & trading on the upper level. Inflation is continuously increasing in India & this impact will show all over sector. And due to the less rain in all the states, Inflation can increase more which main impact will show on the Auto, cement & power sectors. If rate of interest is continuously increase like this & did not do increase the prices of steel sectors then due to these sectors very reverse impact will show in the market.

Today if Nifty Future trade above the level of 4540 then it can go up to the level of 4600, 4635 to 4700 but if Nifty Future goes to break the level of 4540 then it can go below the level of 4495, 4420 to 4320.

SENSEX-index has closed above the last week resistance of 15130-Monday morning market likely to open with gap.
In the next few days index will face resistance at 15688 above that it has strong resistance at 15798 two close above this levels will take index to 16159-16289 kind of levels and use this levels to book profits. support at 14251-13727.

Major resistance levels are 4620-4660-4700-4750-4785-4835-4930
Major support levels are 4530-4460-4385-4320-4250-4200-4160

Nifty Future for day trading-

Buy above 4550 SL 4515 TGT 4570,4595,4620,4660,4685,4725
Bank Nifty-Buy above 6385 SL 6305 TGT 6440,6595,6730

SHORT TERM DELIVERY =

Gmr infra- one can consider short term delivery with stop loss of 96 on closing basis and target of 110-120

Greaves cotton-suddenly in the last three days volume has been expanding one can consider short term delivery with stop loss of 165 and price target of 198 once close above this levels will take to 214-221 kind of levels.

FII bought 2.5 lakh shares of TATA Steel in a single day.It is near to our average BUYING PRICE of 650-655.You can BUY n HOLD.

IMPORTANT NOTES

On 12th of the month we have Indian Industrial Production numbers data.(12 Pm)
On 13th we have meeting of SEBI on the FII and P-NOTE issue.
Bank and Sugar stock trading in over bought zone.
One can Short NIFTY above 4835 with stop loss of 4935.

Here are few Delivery Calls that you can benefit from:

Buy RELINFRA for a target of 1080, 1100, and 1120

Buy DLF on all declines for a target of 580,600,620,660

Some other stocks, which are looking good on charts are Aptech, ONGC and Kotak Bank

Cash Stocks To Watch : ASIAN ELEC,Salzer Elec,MRPL,SEL MFG,HIND OIL for short term!!!

BUY EVERON @510-20 tgt 570 ,

BUY GREAVES COTTON @170-185 tgt 195/210 ,

BUY L&T REC 2735-50 tgt 2975. 3050,

BUY PANTALOON RETAIL @385-395 tgt 415/440

Moderate Risk Traders
Aurionpro Solutions Ltd (532668,CMP 290-295)
Buy Arnd 285-295 ; SL 270 ON CLOSING BASIS

Commodity

GOLD SHRT TRM(in $)

SUP:849/844>BUY<838/834/825/820>BUY

RES:865/875/883/890/900/914

WEEKLY'S

SUP-11591/11342

PIVOT-12079

RES-12090/12339

SILVER SHRT TRM
SUP:15/14.9/14.7>BUY<14.50/14.3/14.>BUY
RES:15.8/16.2/16.4/16.7/17
WEEKLY'S
SUP-20840/11966
PIVOT-22620
RES-22481/23320

CRUDE SHORT TERM
SUP:112/111.8>BUY<111.4/110/108
RES:119/120.5/121.8/123.5
WEEKLY RANGE
SUP-4693/4547
PIVOT-5009
RES-4984/5130

INTRADAY

BUY Adlabs at 662 Target 880,

BUYChambal Fert. @ 84 TAR 95,

BUY Bharti AirTel @ 845 TAR 880,

Buy BANKINDIA Above @ 295 Target 300-315-340.

Buy BOMDYEING Above @ 635 Target 645-650-675.

Buy HEROHONDA Above @ 825 Target 830-835-850.

Buy JETAIRWAYS Above @ 485 Target 495-505-535.

Buy PNB Above @ 500 Target 510-525-550.

Buy RCOM Above @ 440 Target 445-449-460.

Buy SBIN Above @ 1525 Target 1555-1585-1660.

Buy TATAMOTOR Above @ 440 Target 450-460-480.

Buy TCS Above @ 850 Target 860-875-900.

Sell UNITECH Below @ 175 Target 165-160-154.

Sell VSNL Below @ 450 target 430-405-400.

Sell TATAELEXSI Below @ 170 Target 160-150-145.

Sell RPL Below @ 165 Target 155-150-145.

Sell SAIL Below @ 145 Target 140-135-130.

Sell RANBAXY Below @ 505 Target 490-475-470.

Buy All Bank Stock (HDFC BANK ,ICICI BANK,KOTAK,YESBANK),PATNI,MTNL & TATA MOTORS,MARUTI, M&M ; SELL DR REDDY. ( BUY/SELL IN FUTURES ACCORDINGLY -INTRADAY)

Positional : Sell On Rise AIR DECCAN FUTURES ,Keep Stop Loss of 92 on Closing Basis

(Newly introduced ATF futures was trading lower in the afternoon session Thursday at the Multi Commodity Exchange. We believe from our Sources that Air Deccan made its Highest Ever Hedging in ATF Futures..Also Source says that ATF Futures may decline heavily in coming weeks along with the Crude Oil Prices..)