Market outlook and Intraday Tips for 30th June

>> Tuesday, June 30, 2009

State of markets abroad :
US markets ended higher.
Europe ended higher.
Asia has opened positive.
Expect the Indian Markets to open positive.

The support for the Sensex is 14685-14570 and the resistance to the up move is at 14809-14995
Nifty: (4390) the support for the Nifty is at 4300 and the resistance to the up move is at 4418-4483

Day Trading Ideas :

RNRL : Buy above 91 for targets of 92 and 93.45. Keep a SL of 89.90

GMR Infra : Buy above 156.25 for targets of 158 and 159.10. Keep a SL of 154.20

LNT : Buy above 1620 for targets of 1628 and 1635. Keep a SL of 1611

Read the full post...

What does markets trend signify ? Where is the Indian Stock Market headed !

>> Monday, June 29, 2009

When I see the markets I feel its good I was born in India. I got a mail from a broker yesterday saying that you can now invest 2000 Thousand $ in foreign markets and advised me to open an account and he also offered me an attractive brokerage rate. What I replied was " Indian Markets have given best returns in past 3 - 4 months which I doubt any foreign markets must have given so I think its not right and profitable on my part to invest in equities in various the foreign markets. I told him rather come up with a brokerage hose just for India as India will start picking up from now where volume is concerned"
I think most of you guys must have replied the same what I did.

I think Indian Stock markets will trade in range bounded mode even after budget.
Budget is the crucial factor determining the market sentiments.
The range for Sensex we predict in which it would trade is 12,000 to 16,000.

Which Sectors will rock!
Infra looks strong along with PSU. Infra usually dosnt show rally during monsoons as quite a few projects are on hold but a 15% return can be accepted in the sector in a month or so.

Why Market sentiments are positive :

IPO's are coming up.
Global markets supporting the domestic markets.
Win of Congress is another factor.

We will be updating more in details every alternate days about the state of Indian Stock markets.

Read the full post...

Market outlook and Intraday Tips for June 29th.

US Markets ended mixed.
Europe ended lower.
Asia has opened flat.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14475 and the resistance to the up move is at 14809-14995
Nifty: (4376) the support for the Nifty is at 4300 and the resistance to the up move is at 4418-4483

Day Trading Ideas :

Adlabs : Buy above 270 for targets of 275 and 281. Keep a SL of 265

DLF : Buy above 361 for targets of 365 and 369. Keep a SL of 356

RCF : Buy above 75.45 for targets of 77 and 79. Keep a SL of 74

See weekly Technicals , News letter and Short term Tips.

Happy Investing !

Read the full post...

Weekly Technicals , News letter and Stock Tips.

>> Sunday, June 28, 2009

Last week was volatile. Last week NIFTY Closed at 4274.05 and this week at 4375.5 a 100 points upside from last week's closing.
FII participation was negative. This shows the sentiments have once again changed.
NIFTY TRIN : 0.873
NIFTY Range : The crucial supports on the way down are at 4200 and resistances on the way up are at 4560.

What we saw last week :

Inflation is still in negative zone.
FII were net sellers.
Rollover was not so interesting.
The budget week is now all set to come.
Budgets will decide the future trend of the markets.

Sectors :

  • Fertilizer.
  • Automobile.
  • IT.
Stocks to watch out for :
  • Lupin : Buy above 862 for targets of 869 and 880. Keep a SL of 855
  • LNT : Buy above 1620 for targets of 1635 and 1650. Keep a SL of 1605
  • IRB Infra : Buy above 155 for targets of 158 and 162. Keep a SL of 151

NIFTY Auto generated technical analysis.

Happy Investing !

Read the full post...

Intraday Tips and Marketoutlook for June 26th

>> Friday, June 26, 2009

US Markets ended higher.
Europe ended in red.
Asia is bond to open positive.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14235 and the resistance to the up move is at 14621-14809-14995
Nifty: (4242) the support for the Nifty is at 4225 and the resistance to the up move is at 4353-4418-4483

Day Trading Ideas :

RNRL : Buy above 89 for targets of 89.85 and 90.55. Keep a SL of 88.10

Adlabs : Buy above 358 for targets of 361 and 364. Keep a SL of 355

Bank of Baroda : Buy above 437 for targets of 441 and 445. Keep a SL of 435

Read the full post...

Intraday Tips and Market outlook for June 25th

>> Thursday, June 25, 2009

US Markets ended mixed.
Europe markets ended higher.
Asia has opened higher.
Expect Indian Markets to open flat to positive.

The support for the Sensex is 14235 and the resistance to the up move is at 14621-14809-14995
Nifty: (4293) the support for the Nifty is at 4225 and the resistance to the up move is at 4353-4418-4483

Day Trading Ideas :

DLF : Buy above 323 for targets of 327 and 331. SL of 319

FSL : Buy above 25.10 for targets of 25.85 and 26.10. Keep a SL of 24.45

RNRL : Buy above 91.25 for targets of 92.10 and 92.85. Keep a SL of 90.80

Happy Investing !

Read the full post...

Market outlook and Intraday Tips for 24th June

>> Wednesday, June 24, 2009

US markets ended with minor losses.
Europe was ended flat.
Asia has opened a bit positive.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4247) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Day Trading Ideas :

IFCI : Buy above 54.10 for targets of 54.85 and 55.80 SL of 53.45

IDBI : Buy above 110.20 for targets of 111.25 and 112.10 SL of 109.10

RCom : Buy above 301 for targets of 305 and 309 SL of 296

MTNL : Buy above 98.20 for targets of 98.90 and 99.45 SL of 97.50

Read the full post...

Market Outlook and Intraday tips for June 23rd

>> Tuesday, June 23, 2009

State of Markets abroad :
US markets tumble.
Europe ended weak.
Asia has opened negative.
Expect a gap up opening on the Indian Stock markets.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4235) the support for the Nifty is at 4200 and the resistance to the up move is at 4406


Day trading Ideas :

The markets are bonded to open lower so I advice Safe traders to stary away. Risk takers can ponder in these stocks : LNT, HCC, Bank of Baroda, HDFC Bank and DLF.

Read the full post...

Intraday Tips and market outlook for 22nd June.

>> Monday, June 22, 2009

State of Markets abroad :
US markets ended mixed.
Europe ended higher.
Asia has opened mixed.
Expect Indian Markets to open flat to positive.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4314) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Day Trading Tips :

IFCI : Buy above 50.25 for targets of 51.20 and 52.35. Keep a SL of 49.50

Suzlon : Buy above 112 for targets of 113.50 and 115.20. Keep a SL of 110.50

NTPC : Buy above 199.50 for targets of 203 and 205. Keep a Sl of 197

Happy Investing !

Read the full post...

Weekly news letter and stock ideas for short term

>> Sunday, June 21, 2009

What we saw on the Indian Stock Markets last week :
Indian Economy is now in Deflation.
Bad global cues which affected the Indian Sentiments.
Budget talks.
Entry load on MF scraped off.

Sectors to watch out for :

  • FMCG
  • Telecom
  • Infra
  • Fertilizer
Stocks to watch out for :
  • HCC (99.30) : Buy above 101 for targets of 105 and 109. Keep a SL of 96
  • Shree Renuka (134.10) : Buy above 138 for targets of 144 and 147. Keep a SL of 131
  • HDIL (228.20) : Buy above 231 for targets of 234 and 239. Keep a SL of 225
NIFTY Weekly Technical analysis.

Read the full post...

NIFTY Weekly technical analysis.

A bad week indeed for the Indian Stock markets characterized by high volatility and bad global sentiments.

Last week we saw NIFTY bearish mode.
Last week NIFTY closed at 4586 and this week at 4274.05 a negative movement.
FII's participation was moderate.
NIFTY TRIN at 0.457
NIFTY Range - Between 4185 to 4421

Current Spot - 4274
Support - 4190 and 4105
Resistance - 4359 and 4480
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Targets on the upside for short term - 4620 and 4670

Chart :



NIFTY Auto generated technicals.

Read the full post...

Citigroup maintains ‘buy’ rating on Jubilant Organosys Ltd.

>> Saturday, June 20, 2009

CMP: Rs 165
Target price: Rs 245
Citigroup has maintained its ‘buy’ rating on Jubilant with a price target of Rs 245, after interacting with the management in a recent analyst meet. “Jubilant reiterated its FY10 guidance & outlined its strategy to achieve sales & PAT growth of 15% & 26% CAGRs (compounded annual growth rate) over the next three years,” the bank said in a report.

“It is also considering a sale of its performance polymers, as it looks to reduce debt, improve capital structure & increase focus on the higher margin pharma business. With early signs of recovery in the IPP biz, strong traction in pharma & greater financial discipline, we remain positive,” it said. Citi added near-term concerns such as volatility in earnings & high leverage appear priced in at seven times estimates earnings per share (EPS) of 2009-10. - Economic Times

Read the full post...

IDFC-SSKI Securities puts 'outperformer' on Essar Oil

CMPRs 155.75
Target price: Rs 242
IDFC-SSKI Securities has reinitiated coverage on Essar Oil with an ‘outperformer’ rating and price target of Rs 242. “Our optimism on the stock stems from the potential size and scale of the business, along with an attractive E&P portfolio,” the institutional brokerage said. “We see E&P proving to be a significant growth driver for EOL in the long term, and have attributed a value of Rs 58 per share to the reserves.”

“The capacity expansion to 16m tpa in phase I and 34m tpa in phase II over FY10-13E would impart scale to EOL. Post-expansion, EOL will have one of the largest single-location refineries in the world, which would lend sourcing flexibility and improve operational efficiencies,” IDFC SSKI added.



Read the full post...

Enam Securities puts 'upgraded' on GAIL

CMP: Rs 287.50
Target price: Rs 302
GAIL is an outperformer vis-a-vis its peers at Enam Securities with an ‘upgraded’ price target of Rs 302 against Rs 265 earlier. Explaining the rationale behind the positive outlook, the brokerage said, “GAIL gas volumes are likely to increase to 132 mmscmd by FY11 on account of higher gas supply by RIL and PLNG. Also, oil sector reforms related to subsidy could be a trigger.”

Enam estimates the company’s earnings per share for 2009-10 at Rs 24.4 against Rs 22.1 in 2008-09. In 2010-11, GAIL’s EPS is estimated at Rs 26.4 - Economic Times

Read the full post...

Intraday Tips and Market outlook for 19th June

>> Friday, June 19, 2009

US markets ended flat to positive.
Europe ended flat.
Asia is trading positive.
Expect the Indian markets to open positive.

The support for the Sensex is 14000-13750 and the resistance to the up move is at 14470
Nifty: (4251) the support for the Nifty is at 4140-4100 and the resistance to the up move is at 4320

Day Trading Ideas :

NTPC : Buy above 203 for targets of 206 and 208. Keep a SL of 201

LNT : Buy above 1425 for targets of 1435 and 1448. Keep a SL of 1410

MNM : Buy above 748 for targets of 756 and 764. Keep a SL of 741

Happy Investing !

Read the full post...

India's inflation rate slips into negative zone

>> Thursday, June 18, 2009

For the first time since the new wholesale price index (WPI) series started in 1995, India's annual rate of inflation has turned negative, falling to minus 1.61 percent for the week ended June 6, leading to fears that this would lead to hoarding of food articles.

New Delhi, June 18 (IANS) For the first time since the new wholesale price index (WPI) series started in 1995, India's annual rate of inflation has turned negative, falling to minus 1.61 percent for the week ended June 6, leading to fears that this would lead to hoarding of food articles.


The inflation rate, which was 0.13 percent in the previous week, had last turned negative in 1977.

The WPI for all commodities rose 0.04 percent primarily due to a rise in the indices for non-food articles, manufactured products, and fuel, power, light and lubricants, showed data released by the commerce and industry ministry Thursday.

While the index for primary articles declined 0.7 percent, that for fuel and power rose 0.7 percent. The index for manufactured products rose 0.1 percent.

The final data for the week ended April 11 showed that the revised annual inflation rate actually stood at 0.96 percent as against 0.26 percent reported earlier based on provisional figures.

Sri Ram Khanna, the head of the commerce department at Delhi School of Economics, said 'the negative inflation was expected' and attributed it to static demand and adequate supply of commodities.

He was also of the view that the inflation figures would fluctuate and would revive only during the festive season around October this year.

Dalip Kumar, head of projects at the National Council of Applied Economic Research (NCAER), a Delhi-based think tank, said the inflation rate turning negative would lead to hoarding of food commodities.

'Demand is low. Traders will now begin hoarding and black marketing food items like fruits, vegetables and cereals. The government will have to take some steps,' Kumar told IANS.

Source : India Forums.

Read the full post...

Intraday Tips and Market outlook for 18th June

State of Markets abroad :
US Markets ended mixed.
Europe ended negative.
Asia has opened in red. (Only Japan's Markets have opened yet)
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14000-13750 and the resistance to the up move is at 14800
Nifty: (4356) the support for the Nifty is at 4250 and the resistance to the up move is at 4470

Day Trading Ideas :

LNT Buy above 1475 for targets of 1486 and 1499. Keep SL of 1467

Adlabs Buy above 389 for targets of 395 and 399. keep SL of 383

TTML Buy above 35.65 for targets of 36.10 and 36.45 SL of 35.40

Happy Investing !

Read the full post...

Short term buy calls

>> Wednesday, June 17, 2009

Here are some short term buy calls :

IDBI :(CMP-111.25) Targets of 130. SL of 102

IFCI : (CMP -55.35) Targets of 62. SL of 51

Do you have any stock idea in mind share with people and comment.

Read the full post...

Today IndianMoneyPlus.Com completes One year.

Hello People today we complete one year from the date when we started off as a small site cum blog.

IndianMoneyPlus became a big success for me better than what I expected. Though I had many difficulties coming I knocked them all out and stand where we are presently.
From mere 30 odd Email subscribers to 1550 odd at present. From 800 page views a month to 35,000 page views a month.


New features at IndianMoneyPlus : I am now inviting people who can contribute to IndianMoneyPlus.Com , this will give you a recognition on my blog with your photo and link to your website/email id. Interested people can mail me at indianmoneyplus@gmail.com

Read the full post...

Intraday Tips and market outlook for 17th June

State of Markets abroad :
US markets ended red.
Europe ended flat.
Asia has opened positive.
Expect a flat to positive opening on Indian Stock Markets.

The support for the Sensex is 14800-14620 and the resistance to the up move is at 15265
Nifty: (4518) the support for the Nifty is at 4465 and the resistance to the up move is at 4600

Intraday Tips :

IFCI : Buy above 56 for targets of 57.10 and 58.25. keep a SL of 54.45

IDBI : Buy above 108 for targets of 110 and 111.50. Keep a SL of 160.50

R Power : Buy above 198 for targets of 201 and 203. Keep a SL of 195

Adlabs : Buy above 412 for targets of 415 and 418. Keep a SL of 409

Happy Investing !

Read the full post...

Accumulate on Reliance Industries : Prabhudas Lilladher

>> Tuesday, June 16, 2009

Prabhudas Lilladher has maintained its Accumulate rating on Reliance Industries even as the Bombay High Court gave its judgment in the favour of Reliance Natural Resources in the gas supply case.

“As per the hearing, RIL will supply 28mmscmd KG basin gas to RNRL for a period of 17 years. This is likely to have a negative impact on RIL’s NPV for KG basin, future cash flows and FY11 EPS of RIL.

We are envisaging three different scenarios and their effect on RIL estimates. One of the scenarios depicted includes, a scenario with similar case currently being contested by NTPC. However, there is a strong likelihood of RIL appealing in the Supreme Court as the current hearing will have negative implications on the ongoing case between RIL and NTPC.

We have incorporated the effect of RIL-RNRL case hearing in our estimates with reduction in NPV for KG Basin by Rs 75. We maintain ‘Accumulate’ on the stock," the brokerage said.

Source : Economic Times

Read the full post...

Buy Tata Steel on dips: Nirmal bang

Nirmal Bang has advised traders to buy Tata Steel on dip with a stoploss of Rs 410.

“Buy Tata Steel on dips with stoploss of Rs 410. Resistance is seen at Rs 445 and if it maintains above Rs 445 then next target is Rs 470,” said the technical note.


Read the full post...

Go long on Cipla June future at Rs 252 says India Infoline

IndiaInfoline has advised traders to go long on Cipla June future at Rs 252.

“Go long on Cipla June future at Rs 252 for the target price of Rs 268 and keep stoploss placed at Rs 248.
Lot size: 1,250
Remarks: Net maximum profit of Rs20,000 and net maximum loss Rs5,000,” said India Infoline report.

Note: The call is valid till expiry
Source : Economic Times

Read the full post...

Buy Strides Arcolab with stoploss of Rs 124: India Infoline

India Infoline has advised ‘high risk traders to sell Strides Arcolab with stoploss of Rs 124.

“On the daily chart, Strides Arcolab has given a bullish breakout. A detailed analysis of the volumes of Strides Arcolab reveals that maximum interest has been displayed by the traders in this stock since last week of May 2009. Yesterday, it made a convincing move above the top of the trading range. The daily momentum oscillators i.e. RSI and MACD are suggesting strength in the upmove. Keeping in mind the above-mentioned evidences, we suggest high risk traders to buy the stock between the levels of Rs 128-134 with a strict stop loss of Rs 124 for a short-term target of Rs 144,” said India Infoline report.

Note: The call is valid for time period of 1-3 days.
Source : Economic Times

Read the full post...

Buy BPCL on dips:Finquest

Buy BPCL on dips with stoploss below Rs 410: Finquest
Finquest Securities has advised traders to buy BPCL on dips with stoploss below
Rs 410.

“Bullish Piercing formed in BPCL at 55 day EMA at Rs 412 indicates strong support at Rs 410-415 zone. BPCL is likely to move up on relief rally towards Rs 452/465 as long as the support at Rs 410 holds.

Buy BPCL on dips to Rs 425 for target of Rs 452/465 and keep stoploss below Rs 410,” said Finquest report. - Economic Times

Read the full post...

Intraday Tips and market outlook for 16th June

US markets ended in deep red.
Europe ended lower.
Asia has opened negative.
Expect the Indian markets to open negative.

The support for the Sensex is 15200-14900 and the resistance to the up move is at 15480-16046
Nifty: (4583) the support for the Nifty is at 4500 and the resistance to the up move is at 4789

Day trading Ideas :

RNRL : Buy above 108 for targets of 112 and 114. Keep SL of 105.

HCC : Buy above 101 for targets of 102 and 103.50. Keep a SL of 99.90

Reliance Power : Buy avove 201 for targets of 203 and 206. keep a SL of 199.50

Happy Investing !

Read the full post...

RNRL wins gas supply dispute; stock up 20%

>> Monday, June 15, 2009

The Bombay High Court has said that Anil Ambani’s Reliance Natural Resources Ltd (RNRL) will get assured gas supply of 28 million metric
Ambani brothers standard cubic metre per day (mmscmd) of gas from Mukesh Ambani’s Krishna-Godavari basin for 17 years at $2.34 million metric British thermal unit (mmbtu).

The gas supply will have to increase by 11 mmscmd if RIL does not supply gas to NTPC. The court has asked RIL to arrive at an arrangement along these lines within a month. The court has also said that the Ambani brothers may consult their mother if there is any difficulty in arriving at a conclusion.

Shares of Reliance Natural Resources surged 20 per cent on huge volumes Monday after the Bombay High Court pronounced the judgment in favour of the company in the long-standing RIL-RNRL gas supply agreement dispute.

RNRL said that they are happy with the order and this is a victory for them.

By the gas supply master agreement, RIL was supposed to supply natural gas from the Krishna-Godavari basin to RNRL, to be used for the Anil Ambani group's power generation plant at Dadri in Uttar Pradesh. The GSMA came into existence in January 2006, following the demerger of the Reliance group. But both the sides differed on its terms related to the quantity of gas to be supplied, price, and duration of supply.

In December 2006, RNRL moved the Bombay High Court asking it to compel RIL to honour the gas agreement. Justice Anup Mohta, who heard the case, asked the companies to settle the matter internally under the June 2005 family agreement. The judge also restrained RIL from selling gas to third parties till the final order.

Unable to agree on the price, terms and quantity of gas, both firms approached the division bench of the Bombay High Court against the order of the single bench in early 2008. The hearing of the matter continued till February 2009. Thereafter, the division bench came out with an interim order allowing RIL to sell gas to third parties. The interim verdict also mentioned that RIL’s gas agreement with others would be subject to the court’s final order.

The basic argument in the RIL-RNRL case pertains to the pricing and quantum of gas. During the course of hearing, RNRL made it clear that it wanted 28 million metric standard cubic meters per day of gas for 17 years for $2.34 per million metric British thermal unit (mmBtu), while RIL argued that it could not sell gas below the government-approved price of $4.2 per mmBtu. - Economic Times

Read the full post...

Intraday Tips and Market outlook for 15th June

US Markets ended mixed.
Europe ended negative.
Asia has opened in red.
Expect a weak opening from Indian stock markets.

The support for the Sensex is 15200-14900 and the resistance to the up move is at 15480-16046
Nifty: (4583) the support for the Nifty is at 4500 and the resistance to the up move is at 4789

Day Trading Ideas :

RNRL : Buy above 86.10 for targets of 87.25 and 88.10, keep a SL of 85.40.

IFCI : Buy above 49 for targets of 50.10 and 51, keep a SL of 48.25.

ICICI Bank : Buy above 735 for targets of 742 and 748, keep a SL of 729.

Happy Investing !

Read the full post...

Weekly news letter and stocks to watch out for.

>> Sunday, June 14, 2009

We had some good gains on the Indian stock markets last week.

What we saw last week.
Flat ending on Indian stock markets. (Weekly basis)
Inflation at 0.14%.
IIP data comes out positive.
Large Caps looking strong.
We also saw that Indian Stock Market is one of the top performing stock market in the world. India stands at number #3

Sectors to watch closely :

  • Fertilizer
  • Real Estate
  • Pharma
Stocks to look up for short term :
  • Cipla (251.15) : Buy above 254 for targets of 259 and 262. Keep a SL of 248
  • Sesa Goa (202.90) Buy above 205 for targets of 208 and 211. Keep a SL of 201
  • LNT (1582.45) Buy above 1595 for targets of 1620 and 1642. Keep a SL of 1580
  • IFCI (51.30) Buy above 53 for targets of 55 and 56.50. Keep a SL of 49.60
Read : NIFTY Weekly Technicals.

Happy Investing

Read the full post...

NIFTY Technical analysis : Wekly Show.

Last week we saw volatility in the Indian stock markets. NIFTY was highly volatile.

The trend signifies NIFTY is in uptrend.
The market sentiments are positive.
Turnover have increased drastically. FII's have started buying, one positive factor which will pull up the markets in short term.

Last week NIFTY closed at 4586 and this week at 4583.4 a flat ending.
NIFTY TRIN at 1.52
NIFTY Range - Between 4420 to 4685

Current Spot - 4583.4
Support - 4495 and 4392
Resistance - 4660 and 4705
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4650 and 4740.



The next U turn in the markets can be seen after the forthcoming budget.

NIFTY Auto generated Technical analysis.

Read the full post...

Moneyvidya.com weekly market update

>> Friday, June 12, 2009

Markets saw further profit booking this week with downward ‘corrections’ being seen on Monday and Friday. However gains in the other three sessions were enough to keep the Sensex above 15,000, closing at 15,238 having gained 135 points or 0.9% on last weeks close. The Nifty ended the week on 4,584 having lost 4 points during the week.

Although significant domestic profit booking was a drag on the headline indices, FII inflows remained positive with another 2,000 Cr of net purchaes being made in the first three trading sessions of the week. Overall volumes were down slightly on the previous week but remain high in comparison to 12 month averages.

Industrial Output (IIP)numbers were released today and were a positive surprise for many, coming in at 1.4% year on year growth for April, versus a 0.7% fall the previous month. With economic output looking like it is bottoming out many analysts now speculate that further interest rate cuts this year are unlikely, leaving fiscal policy and legal reforms as the main levers at the government’s disposal.

Looking forwards, the upcoming budget remains the key event and although expectations regarding the centre’s reform agenda are positive, some concern should be given to the scope for budgetary expansion which the current defecit affords the government.

Looking specifically at market prospects in the pre-budget run in, the latest leg of the rally has left valuations, particularly in the large-cap arena, looking a little overweight. Many of the bellweathers are trading at or above 20 times earnings and these levels suggest there should be some resistance to further dramatic advances in the short term.

However on the other hand there remains a significant amount of domestic capital on the sidelines which ‘missed the boat’ with regards to the recent advances. This potential liquidity means that the impact of a correction in global markets would most likely to be tempered by the volume of funds waiting for that correction. Therefore the market is likely to trade in a fairly narrow range until the budget details are announced.

Originally published on: Moneyvidya.com

Read the full post...

Intraday Tips and Market outlook for 12th June

State of markets abroad :
US markets ended positive.
Europe ended higher.
Asia is trading positive.
Expect the Indian Markets to open positive.

NIFTY Technicals :
NIFTY Trin : 0.917
Nature : Buy Mode
Support : 4574.95 and 4494.7
Resistance : 4712.2 and 4769.2

Day Trading ideas :

HCC : Buy above 116.20 for targets of 117.50 and 119 Keep a SL of 114.25

M&M : Buy above 820 for targets of 826 and 831 keep a SL of 814

LNT : Buy above 1632 for targets of 1640 and 1649 keep a SL of 1625

Happy Investing !

Read the full post...

Sesa Goa buys V S Dempo Mining Corp for Rs 1750 cr

>> Thursday, June 11, 2009

Sesa Goa, the country’s largest private iron ore exporter, has bought Goa-based V S Dempo Mining Corporation for Rs 1750 crore.

A part of London-listed Vedanta Resources, Sesa Goa will fund the transaction through internal accruals. Sesa Goa has reserves of Rs 4,000 crore.

Dempo has 19 mining leases spread over 1800 hectares in Goa. Its total reserve is estimated to be 70 million tonne. Last year, it extracted 4 million tonne of iron ore. - ET

Read the full post...

Intraday tips and market outlook for 11th June.

State of markets abroad :
US markets ended marginally lower.
Europe ended a bit higher.
Asia is trading flat to negative.

Expect the Indian markets to open positive.

NIFTY Technicals :
Trin at : 1.105
Nature is buy mode.
Support: 4574.95 & 4494.7
Resistance: 4712.2 & 4769.2

Day trading ideas :

Praj Ind. : Buy above 112 for targets of 114 and 116.50 keep a SL of 109.

Rajesh Exports : Buy above 52 for targets of 53.20 and 55. Keep SL of 50.25

Adlabs : Buy above 415 for targets of 419 and 425. Keep SL of 409.

Happy Investing !

Read the full post...

Some stocks good for short term.

>> Wednesday, June 10, 2009

Here are few stocks which look strong for short term :
Satyam : The script in upper circuit look good as the results have
come positive.

Tech Mahendra : The owner of Satyam benefits from good results
declared by Satyam.

LNT : The script can give 10% upside from current levels.

M&M : The stock hit my first given target (see in research reports).
Now targets of 805 in short term.

HCC : Expect a 10% upside from current levels.

HDIL & DLF : Expect a 10% upside in both these counters.

Happy Investing!

--

Hope you are satisfied.
www.indianmoneyplus.com

Read the full post...

Intraday tips and market outlook for 10th June.

US markets ended mixed after GM gets a new chairman.
Asia is trading higher.
Expect the Indian markets to open higher.

NIFTY Technicals
Yesterday we saw markets zooming up!
Nifty TRIN - 0.354
Nature - Range Bounded.
Support - 4423 & 4295.45
Resistance - 4620.5 & 4690.15

Day trading ideas :

MTNL - Buy above 113 for targets of 115 and 116.50 keep a SL of 111.

GAIL - Buy above 295 for targets of 298 and 301 keep a SL of 293.

HMT - Buy above 76 for targets of 78 and 79 keep a SL of 74.

Happy Investing !

Read the full post...

Intraday tips and market outlook for 9th June.

>> Tuesday, June 9, 2009

State of markets abroad.
US markets ended mixed.
Europe ended in red.
Asia is trading mixed.
Expect the Indian markets to open flat to positive.

NIFTY technicals.
Yesterday we saw NIFTY dragging down.
NIFTY Trin @ 5.243
Support : 4352.5 and 4275.2
Resistance : 4559.25 and 4688.7

Day trading ideas.

Adlabs : Buy above 405 for targets of 411 and 418 keep SL of 399.

HUL : Buy above 255 for targets of 258 and 261 keep SL of 251.

IDFC : Buy above 125 for targets of 128 and 132 keep SL of 122.

Happy Investing!

Read the full post...

Weekly news letter and short term tips.

>> Sunday, June 7, 2009

We had some good gains on the Indian stock markets last week.

What we saw last week.
We saw GM became bankrupt.
Good gains on the markets.
Good global cues.
Air India to come up with IPO.
There was not much fascinating stuff this week.

Sectors to watch closely :

Stocks to look up for short term :
  • RNRL : (90.35) Buy above 92 for targets of 96 and 98. Keep SL of 88.45
  • DLF : (408.05) Buy above 410 for targets of 418 and 424. Keep SL of 402
  • R Power :(184.20) Buy above 188 for targets of 193 and 197. Keep a SL of 185
  • Aban Offshores: (1240.95) Buy above 1240 for targets of 1275 and 1300. Keep a SL of 1218
Check out NIFTY Weekly technicals

Read the full post...

Weekly Technical analysis : After the gains !

Its almost the sky limit for the Indian Stock markets isn't it !!!
The million dollar question going on every mind is that when will this rally end or even when will markets cross 18K !

What the trend signify is that NIFTY is heavily overbought.
Turnover has increased in the markets.
FII's have turned net buyers over a period of time.

Last week we saw NIFTY zooming up.
Last week NIFTY closed at 4448.85 and this week at 4586 a good gain again.
FII's participation was excellent.
NIFTY TRIN at 1.566
NIFTY Range - Between 4350 to 4695

Current Spot - 4586
Support - 4490 and 4385
Resistance - 4650 and 4720
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Targets on the upside for short term - 4620 and 4670

Chart :



NIFTY Auto generated Technical analysis.

Read the full post...

Intraday Tips and Market outlook for 5th June

>> Friday, June 5, 2009

US markets ended higher.
Europe ended flat.
Asia is trading positive.
Expect the Indian markets to have a gap up opening.

NIFTY Support and Resistance :
Current spot - 4572.65
Support - 4489.9 and 4407.3
Resistance - 4618.65 and 4664.8

Day Trading Ideas :

IDBI Bank : Buy above 100.45 for targets of 101.60 and 102.50 keep a SL of 98.50

HDIL : Buy above 325 for targets of 328 and 331 keep a SL of 320

DLF : Buy above 419 for targets of 422 and 425 keep a SL of 415

IFCI : Buy above 57.25 for targets of 58.10 and 58.90 keep a SL of 56.80

Read the full post...

Short covering and upside : NIFTY levels for 5th June.

>> Thursday, June 4, 2009

We saw a U turn in todays markets. Markets opened negative and entered in positive zone. Stared red ended green.
Traders got good returns today.

NIFTY Looks over brought.
NIFTY Trin at 0.634

NIFTYlogy :
Current spot - 4572.65
Support - 4489.9 and 4407.3
Resistance - 4618.65 and 4664.8

Buzzing Stocks : RNRL, Cairn India, LNT, Reliance Industry, RPower and will update more tomorrow morning.

Read the full post...

Intraday tips and market outlook for 4th June.

US markets ended lower.
Europe ended lower.
Asia has opened in negative zone.
Expect the Indian markets to open negative.
Inflation data could also decide the markets trend.

The support for the Sensex is 14650 and the resistance to the up move is at 15150-15580
Nifty: (4531) the support for the Nifty is at 4500 and the resistance to the up move is at 4560-4789

Day Trading Ideas :

LNT : Buy above 1418 for targets of 1429 and 1438 SL of 1409

IFCI : Sell below 52.90 for targets of 52.10 and 51.50 SL of 53.35

Happy Investing !

Read the full post...

Intraday Tips and Market outlook for 3rd June.

>> Wednesday, June 3, 2009

State of global markets :
US markets ended flat.
Europe ended mixed.
Asia has opened flat to positive.
Expect the Indian Markets to open flat to positive.

NIFTY Levels :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656

Day Trading Ideas :

Cairn India : Buy above 270 for targets of 273 and 275. Keep a SL of 264

HDIL : Buy above 308 for targets of 311 and 314. Keep a SL of 302

RNRL : Buy above 87.10 for targets of 88.25 and 89.10. Keep a SL of 85.45

Happy Investing !

Read the full post...

NIFTYlogy for 3rd June

>> Tuesday, June 2, 2009

Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.
Profit booking was seen at higher levels.
Most of the Asian markets ended negative.
Markets are looking heavily overbought.

NIFTY Trin - 1.694
Nature - Overbought

NIFTY Levels for 3rd June :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656

Stocks looking strong for short term : HCC , LNT, RNRL, Cairn India and Hotel Leela.

Get daily NIFTY Auto generated technical analysis.

Read the full post...

Gap up opening and profit booking : State of markets today 2nd June

State of Foreign markets:
US markets ended higher.
Europe ended higher too.
Asia has opened positive with a gap up opening.
Expect the Indian Markets to have a flat to positive opening.

NIFTY Magic levels :
NIFTY Spot - 4529.9
Support - 4471.10 and 4413.55
Resistance - 4566.7 and 4603.25

Day Trading Ideas :

LNT :
Buy above - 1420 for targets of 1431 and 1440 SL of 1410
Sell below - 1395 for targets of 1386 and 1379 SL of 1405

Aban Offshore :
Buy Above - 945 for targets of 952 and 959 SL of 936
Sell below - 910 for targets of 901 and 894 SL of 917

RNRL :
Buy above 89 for taregst of 89.90 and 90.75 SL of 88.10
Sell below 87 for targets of 86.10 and 85.45 SL of 87.75

Happy Investing!

Read the full post...

Higher opening and volatile trade, ends with moderate gains.

>> Monday, June 1, 2009

The day started off with a gap up opening and ended with some moderate gains.
FII ended as net buyers.
Asian markets were trading higher and ended higher.
Mid caps were trading higher.

NIFTY magic levels :
NIFTY Spot - 4529.9
Support - 4471.10 and 4413.55
Resistance - 4566.7 and 4603.25

NIFTY Auto generated technical analysis.

Read the full post...

Intraday Tips and Market outlook for 1st June

State of global markets :
US markets ended positive.
Europe ended flat to positive.
Asia has opened positive.

Indian Market may open positive with a gap up opening.

NIFTY :
Current Spot - 4448.25
Support - 4363.7 and 4278.55
Resistance - 4511 and 4573.12

Day Trading Ideas :

Siemens :
Buy above 496 for targets of 504 and 511 with a SL of 489
Sell below 485 for targets of 478 and 471 with a SL of 491

IFCI :
Buy above 47.10 for targets of 48.05 and 49.20 SL of 46.10
Sell below 44.90 for targets of 43.85 and 42.50 SL of 45.85

RPL :
Buy above 146 for targets of 147.50 and 149.10 SL of 144.90
Sell below 142 for targets of 140.85 and 139.25 SL of 143.10

Happy Investing !

Recent Research Reports :
M&M
Apollo Tyres

Read the full post...