Markets For 31-12-2008

NSE Index (C-2979.50)

Resistance : 3015 / 3060-70 / 3090 / 3120

Support : 2960 / 2930-20 / 2860 / 2840

BSE Sensex (C-9716.16) : Buying Expecting Once SENSEX Starts Trading Above 9775 , Till Then Be Stock Specific Only

Resistance : 9835 / 9955

Support : 9665 / 9545 / 9375

Nifty Future (C-2986.90)

Resistance : 3035 / 3070-80

Support : 2965 / 2925 / 2860

Bank Future (C-5076.00)

Resistance : 5170 / 5260

Support : 5050 / 4955 / 4840

MKT COMMENTS

NIFTY FUT OI down 1.68% with flat volumes indicating unwinding of long positions at higher levels.

We expect NIFTY FUT to trade volatile with possibility of profit booking at higher levels.

On the Wednesday ,Opening is Flat to Up,

Stay Long Above 2970,Sl Below 2955,Tgt 3015-3035-3055-3105,

Sustain Below 2955,Sell with Sl Above 2970,Tgt 2930-2910-2855/45-2725.

SATYAM COMPUTER
Buy Above 162,Sl 156,Tgt 168/175
Sell Below 154,Sl 156,Tgt 149/138

BPCL

Buy Above 387,Sl 380,Tgt 392/400
Sell Below 378,Sl 382,Tgt 374/362

J.P. ASSOCIATES
Buy Above 84,Sl 82,Tgt 86/89
Sell Below 81,Sl 82,Tgt 80/76

CENTRAL BANK
Buy Above 40,Sl 40,Tgt 41/42
Sell Below 39,Sl 40,Tgt 38/37

WIPRO

Buy Above 238,Sl 236.Tgt 241/245

Sell Below 234,Sl 236,Tgt 230/227

HINDUNILEVER

Buy Above 255,Sl 252,Tgt 258/261+

Sell Below 250,Sl 252,Tgt 246/242+

AURO PHARMA : Buy Above 165,Sl 160,Tgt 170/175

ALLAHABAD BANK : Buy Above 51,Sl 50,Tgt 53++

Buy ADLABS Above 175/77

Buy CAIRN Above 175,Sl 170,Tgt 180/85/90

Buy ABAN Above 650,Sl 630,Tgt 690/715/40

Buy ABB Above 450,Sl 445,Tgt 455/60/70

Buy BANKINDIA Above 295,Tgt 300-305-320,Sl -285

Buy BHARTI Above 725,Tgt 735-750-785,Sl 720

Buy JETAIRWAYS Above 200,Tgt 210-215-240,Sl 195

Sell MASTEK Below 160,Tgt 155-150-145,Sl 164

Sell TATASTEEL Below @ 215,Tgt 210-205-195,Sl 220

Sell GRASIM Below @ 1235,Tgt 1215-1190-1135,Sl 1240

TATAPOWER (740) Sell with Sl Above 725,Tgt-751-760

FUTURES

Buy CROMPTON GREAVES Jan @133,Sl 132,Tgt 134/136-137-138/139/141/143 (Lot Size 500)

HDFC BANK (C-1019) : Buy Arnd 1015-20,Tgt 1035+++,Sl 995 ( Positional Traders Buy With Sl 985)

PUNJAB NATIONAL BANK (C-531.1) : Buy Around 520-25,Tgt 540+++,Sl 510

RENUKA (C-70.10) : Buy Around 68-69,Tgt 73+++Sl 66 ( Positional Traders Buy With Sl 63)

RELIANCE COMM (C-228.15) : Buy Arnd 220-25,Tgt 235+++,Sl 215 ( Positional : Buy With Sl 205)

REL (585.25) : Buy @ 570-75,Sl 555,Tgt 595/605

RIL(1249) : Buy @ 1230-35,Sl 1220,Tgt 1260/1270

SBI(1289) : Buy @ 1270-75,Sl 1255,Tgt 1290/1310/1320 (If Open High Sell for Intraday @ 1315-25,Sl 1340,Tgt 1285/1275

Sell FINANCIAL TECH Jan @515,Sl 521,Tgt 511/509/507/502-496/491/488-483/475/470(Lot Size 150)

Happy & Safe Trading

Markets For 29-12-2008

NIFTY ( 2857)
Support : 2830-10 / 2790 / 2760 / 2720-10
Resistance : 2895 / 2930-45 / 2975/ 3005-15 / 3030

SENSEX
Support : 9180 / 9030
Resistance : 9595 / 9855

NIFTY FUTURE ( 2862)
Support : 2825 / 2780
Resistance : 2885 / 2945 / 3015


NIFTY ANALYSIS : It was the 4 consecutive lower closing for Nifty. After two weeks rally, some correction was expected but if Nifty closes below 2814 for two consecutive days then it may slide down to around 2650-2600 level. Now, 3100 level will be strong resistance area for the Nifty. Investment buying suggested only if Nifty closes above 3100. Most of the heavyweights are again started showing the sigh of weakness. Particularly, specific stocks from SOFTWARE, ENGINEERING and AUTO sectors are looking weak on charts. For Monday, Nifty has support comes at 2810 then 2790 and resistance exists at 2945.

NIFTY FUTURE : Now for a day trading view, It will face resistance at 2885 if trade above this will lead ti to the 2945 to 3015 level. At downside last support at 2825 if close below this then it may retest 2500 level soon.

BSE SENSEX : It has a support around 9180 level suppose not break then again it try to kiss 9445 and then 9595. below 9180 it is more chance to touch 9030 to 8765 level. Bull run confirm only after 2 consicutive close above 10010.

MKT COMMENTS

NIFTY FUT OI flat with increasing volumes indicating unwinding of long positions and forming of fresh short positions too.

We expect NIFTY FUT to trade volatile. More weakness expected below 2840 levels.

On the Monday,Opening is Flat to Down,

Stay Short Below 2860,Sl Above 2880,Tgt 2825-2810-2770-2645,

Sustain Above 2885,Buy with Sl Below 2865,Tgt 2925-2945-2960-2995-3005.

Selling Expecting Once SENSEX Starts Trading Below 9295, Till Then Be Stock Specific Only.

INTRADAY

RELIANCE : Below 1230 level it try to kiss 1185 and if break this too then slide up to 1160 to 1110 level. At upside above 1230 it go for 1255 to 1300 level.

RIL Jan Fut (1212) : If open Low Buy @ 1185,Sl 1170,Tgt 1220/1230/1255

SBI : For a day trading view,it face Resistance at 1260 level once cross this then go for 1290 to 1340 level. At downside it has support at 1205 and then 1170.

SBI Jan Fut (1244) : Sell @ 1270-65,Sl 1280,Tgt 1220 below it then 1205

OR

If Open Low Buy @ 1210,Sl 1190,Tgt 1235/1245/1250

Buy 1260 SBI Call When SBI in Fut is Around 1220-05,Sl 1190,Tgt as Above

TATA STEEL : Above 215 it go for 220 to 235 level. At downside support at 205 and then 195.

Sell TATASTEEL Below 210,Sl 215,Tgt 205-200-195

L&T : Above 755 it go for 775 to 805 level.at downside support at 725 and then 705.

L&T Jan Fut (744.4) : Sell @ 760,Sl 780,Tgt 740-725 / Position traders hold short with SL 780

Buy 700LT Jan Put @ 760+ 770,Sl 780 & Hold For Day With Same Targets

INFOSYS : Now it is possible to touch 1080. if break this then slide up to 1050 to 995 level. At upside it face hurdle at 1135 level and then 1165.

ONGC : It is possible to it come down upto 615 level and if break this then slide more upto 595 to 555 level. At upside it face hurdle at 660 if cross this then it go for 680 to 720 level.

Buy ONGC Above 640,Sl 630,Tgt 650/655/665/670++

REL CAPITAL : Now it down up to 495 level if break this then slide upto 470 to 440 level. At upside face resistance at 530 and then 550 level.

REL INFRA : It has a support around 510 level if break this then slide upto 480 to 435 level. At upside it face hurdle at 560 level if cross this then go up to 590 to 635 level.

BHEL : It face hurdle at 1325 level if cross this then go for 1355 to 1410. At downside support @ 1265 if break then panic up to 1235 to 1180 may seen.

DLF : Now it slide up to 265 level and if break this then 255 to 235 is possible. At upside it face hurdle at 285 and then 295.

Buy RCOM Jan Fut Above 200,Sl 195,Tgt 205/215/220+

Buy IOC Jan Fut @ 418-19,Sl 415,Tgt 421/423/425/432/438/442/446/450 454 (Lot Size 600)

Sell SATYAM Jan Fut @ 136,Sl 138,Tgt 135/134/132/131/128/127/126 (Lot Size 600)

GE SHIP : Exports down, business down, then how shipping co’s will be benefited? Sell Below 185 keep Stoploss 190 lower targets 175, 165

WELGUJ : Sell below 100 keep,Stoploss at 105 lower Targets 92 around.

Sell BHARTI Below 685,Tgt 675-660-640,Sl 690

Sell CMC Below 295,Tgt 275-255-,Sl 305

Sell JETAIRWAYS Below 185,Tgt 175-165-150,Sl 190

Sell ROLTA Below 110,Tgt 105-95-75,Sl 115

Buy HCL-INSYS Above 88,Tgt 90-95-105,Sl 85

Buy NATIONALUM Above 180,Tgt 185-190-200,SL 175

TATA POWER (730) : Sell,Stoploss Above 745,Tgt 715-705.

Sell ADLABS Below 165

POSITIONAL FUTURE

Sell TATACOMM , ONGC , TATASTEEL

Markets Weekly For 29-12-2008 To 02-01-2009

Markets give up gains post Christmas.
US is closed for next few days. Asian markets may cherish this week.
I see markets may remain in upward trend this week..
If people say 6000 is the bottom (Sensex) we should have atleast corrected till 7850 on Sensex till now

WEEKLY NIFTY FUTURE OBSERVATION

Observation:-
--> NIFTY FUT Total OI down 29.35%, NIFTY FUT down 6.97%, last week. OI down mainly due to expiry.
--> Out of NIFTY 50 Stock FUTS, 47 Stock FUTS closed negative,1 Stock FUTS closed positive and 2 Stock FUTS closed flat last week.
--> OI of NIFTY 3000 CE is up 126.95% prices down 59.18%, 3100 CE is up 200.46% prices down 65.30% last week
showing call writing.
--> OI of NIFTY 2800 PE OI is up 198.54% prices up 80.57%, 2700 PE is up 277.43% prices up 87.84% last week showing put buying.
NIFTY 3000 PE OI is up 101.65% prices up 76.51% showing buyers still not booked profit.

WEEKLY VIEW ON NIFTY FUTURE
Trend : Bearish
NIFTY FUT total OI down 29.35%, NIFTY FUT down 6.97%, last week.
OI of NIFTY 3000 CE is up 126.95%, 3100 CE is up 200.46% with falling prices, showing call writing.
OI of NIFTY 2800 PE is up 198.54%, 2700 PE is up 277.43%, with rising prices showing put buying.
NIFTY FUT OI down due to expiry. I expect NIFTY SPOT Support at 2770-80, 2720-30 levels.
Bounce expect from these levels.

SECTOR WATCH

MIDCAP IT STOCKS
Trend : Bearish
OI of 3IINFOTECH FUT down 1.45%, COREPROTEC FUT down 5.07%, NIITLTD FUT down 22.81%, OFSS FUT down 13.19%,

TECHM FUT down 24.69% OI down due to expiry but 3iINFOTECH FUT,COREPROTEC FUT and OFSS FUT showing shorts build up. OI of FSL FUT up 17.94%, ICSA FUT up 23.66% also showing shorts build up. We expect negative move in coming week.

SUGAR
Trend : Bullish
OI of BAJAJHIND FUT up 6.34%, BALRAMCHIN FUT down 11.98%, RENUKA FUT down 4.38% and
TRIVENI FUT down 9.78% last week. BAJAJHIND FUT, RENUKA FUT, TRIVENI FUT showing long
positions build up. Only BALRAMCHIN FUT showing short covering. We expect positive move in coming week.

Weekly Trend (29-12-2008 to 2-01-2009) Volatile and Mix

2565-80 / 2675-95 / 2745 / 2780 /2840 [NIFTY SPOT] 2910 / 2945 / 2990-3010 / 3050 / 3115 / 3160

8455 / 8750-90 / 8960 [SENSEX] 9520 / 9630 / 9840 / 10175 .

Weekly Market (29-12-08 to 2-1-2009)

Market may recover after sharp fall in this week Nifty lost 220 points (-7.1%) & Sensex lost 770 points (-7.63%) in the last week. Nifty closed below the 2,900 mark while the Sensex drifted below the 9,500 level. Hopes of further rate cuts by the RBI, Rate reduce in fuel prices and a likely second government stimulus package to pump prime the economy may trigger a recovery on the bourses after a sharp slide last week.
In last week, Inflation slipped to a nine-month low, 6.61% against 6.84% (WoW). The government said advance taxes paid by companies declined 22% reflecting economic slowdown. Also there is now tension of war at Indo-Pak border, but as of now both nation’s government said that, there would be no Indo-Pak war.
However, trading volumes are likely to remain low as most foreign fund managers are on a vacation for Christmas and the New Year. Use Stop loss strictly in your every trade, because market is heavily volatile with narrow trading range.
Last week nifty could not sustain above 3000. Now below 2840,Nifty may touch 2780-2695 and if Nifty Close Above 2910 at least for two days then it may touch 2990,3050 to 3110 in coming days.

NIFTY HAS STRONG SUPP BAND NEAR 2810-2750.CAN SEE SOME BOUNCE THIS WEEK.

NIFTY HAVEN'T YET BROKEN THE LOWER TRENDLINE,CAN TAKE SUPP NEAR THAT AND MAY BOUNCE ON NEWS TO HIGHER LVLS..3025-3050 BAND WILL GIVE STIFF RESISTANCE

IMMEDIATE RESISTANCE TO NIFTY WILL BE 2910-2985 BAND.AND IMM SUPP WILL BE 2810-2750..BEL 2750 NIFTY CAN FALL AT SWIFTER PACE& BEL 2633.BEARS WILL RULE MKT.

ALL EYES ON FISCAL STIMULUS PACKAGE AND INDO PAK TENSION

EQUITY MKT OUTLOOK'09:WE R EXPECTIN MKT 2 BE IN RANGE OF 7300-13500.MAJOR EVENT:ELECTION,GDP NO(7.5%)INFLATION(DWN)INT.RATE CUT 6%.EARNINGS

CURRENCY MKT OUTLOOK'09 : INR/USD in The Range Of 43.50-51.5

COMMODITIES MKT OUTLOOK'09 : GOLD RANGE $720-$1100,CRUDE RANGE $32-$62.COPPER RANGE MCX125-190.SILVER MCX RANGE 15500-22000

Simple Moving Averages –

5 D	8 D	13 D	20 D	39 D	50 D	200 D
2972	2990	2958	2873	2852	2908	4111

At present we lie between 39 days SMA. Only if we cross 50 day SMA we heades towards 3050.

Fibonacci price projections-

	0%	61.8%	100%	161.8%	261.8%
Up	2503	2707	2833	3037	3367
Dn	2833	2629	2503	2299	1969

Some Stocks Views:-

CAIRN (159): Buy Above 163 for Target of 174-180-190 with Stop loss of 152.
GTOFFSHORE (212):Buy Above 215 with Stop loss of 206. Target is 228-233-239.
Bank of Baroda (263):Buy Only Above 266 for Target of 280-287-294 with Stop loss of 253.

PFC (123): Sell this stock if close below 119 with stop loss of 124. Target is 116-111-106.

EDUCOMP BUY BETWEEN 2240-2355 FOR TGT 2525-2650-2800-3000+ KEEP STOPLOSS BELOW 2210......

RELIANCE POSSIBLE UPSIDE 30% FROM 1170-1180 LEVELS.

GVKPIL CAN TOUCH 30 BEFORE JAN EXPIRY

FIRST SOURCE SOLUTIONS IS HOT ABV 13.5 FOR 30-50% UPSIDE

DLF CAN TOUCH 400 VERY SOON ACCUMULATE IN ALL DIPS.

NIFTY : NIFTY KEEP SL 2745 & BUY JAN FUT IN ALL DECLINES FOR TGT 2950-3012-3050-3114-3200 IN JANUARY.HEDGE WITH 2600 PUT JAN & PLAY.........

Buy 2800Call Around 165,Tgt 210-240

Markets For 26-12-2008

WWW.SHAREBAZAARONLINE.BLOGSPOT.COM - Markets For 26-12-2008

NSE Index (C-2916.85)

Resistance : 2930 / 2955 / 2980 / 3000 / 3020-30 / 3095

Support : 2890 / 2860 / 2845 / 2805-795

BSE Sensex (C-9568.72) : Buying Expecting Once SENSEX Starts Trading Above 9660 , Till Then Be Stock Specific Only.

Resistance : 9575 / 9625-650 / 9685 / 9725-45 / 9830

Support : 9495 / 9440-425 / 9370 / 9285 / 9205

Nifty Future (C-2913.35)

Resistance : 2930 / 2950-65 / 2990 / 3005 / 3025

Support : 2890 / 2865

Bank Future (C-4910.50)

Resistance : 4965 / 5020

Support : 4880 / 4825 / 4745

MKT COMMENTS

NIFTY FUT OI up 32.57% with 17% increasing volumes indicating forming of short positions. For Intraday up move,

NIFTY SPOT need to sustain above 2960 levels.

Nifty has crossed 3100 level in two consecutive day (19 & 22 Dec) but unable to close above that level and started coming down in last three consecutive days. Which is clearly suggesting that there is no steam left as of now for Bull in the market.

In addition to this on weekly chart Nifty is now below last week’s low i.e. 2918 and it has formed long black candle which also suggest bear rally to continue in near term also. Last four days move has totally changed the trend of the market from Bullish to Bearish.

I would like to go short rather than long here (Positional Long only above 3130) only hope for long is much awaited second stimulus package in coming days may boost sentiments.

Opening is Flat to Up,

Stay Long Above 2945,Sl Below 2925,Tgt 2960-2985-3000-3015-3035,

Sustain Below 2905,Sell with Sl Above 2925,Tgt 2885-2860-2840-2810.

ACCUMULATE IFCI

Buy LICHSGFIN Above 225-230

Buy TATASTEEL Above 220,Tgt 225-227-230+,Sl 215

Buy STAR Above 88,Tgt 95-98-100,Sl 85

Buy BOB Above 265,Tgt 275-285- 310,Sl 260

Buy HPCL Above 280,Tgt 285-290-295-30,Sl 277

Buy VSNL Above 510,Tgt 520-530-535,Sl 505

Sell ZEETELE Below 135,Tgt 130-125-120,Sl 138

Sell ONGC Below 666,Tgt 655-635-630,Sl 675

Sell JPASSOCIAT Below @ 76,Tgt 74-70-65,Sl 79

Sell ROLTA Below 120,Tgt 115-110++,Sl 125

Sell BHARTI Below 680,Tgt 675-660,Sl 690

SHORT TERM DELIVERY : Hot Picks ( CHRISTMAS GIFTS )

Buy GVK POWER,Around Rs.11-13
Buy CESC LTD,Around Rs.185-95
Buy JP ASSOCIATES,Around Rs.50

JANUARY FUTURE

Buy TATA CHEMICALS

Stock is Ready to Fly...
Expect some Good News &
UnExpected Movement on Card..
Target 165 & 175 on Card , Sl Below 145 On Closing Basis

BHARAT PETROLEUM(C-385.3 ) : Looking Strong

Buy Around 375-380,Tgt 390-395-400-405-410-415-420+++,Sl 370

APTECH LTD (C-94.3) : Looking Strong

Buy Around 90-95,Tgt 99-103+++,Support 86/78

WIPRO LTD (C-232.45) : Looking Weak

Sell Around 240-238,Tgt 222+++,Resistance 250/265

Sell ITC Around 175-173,Tgt 170-165+++,Sl 180 (Positional :Sl Above 185 On Closing Basis)

Free Fall Expected

Sell NALCO 180-178,Sl 184,Tgt 179-178-177-174-172-170-168-165 (Lot Size 575)