Intraday Tips and Market outlook for August 18th

US markets ended in deep red.
Europe also ended in red.
Asia has opened Flat.
Expect the Indian Markets to open flat to positive.

NIFTY Technicals :
Current Spot : 4387.9
Supports : 4341.6 & 4295.4
Resistance : 4467 & 4546.2

Day Trading Ideas :

DLF : Buy above 368 for targets of 375 and 379. SL of 359

ICICI Bank : Buy above 705 for targets of 715 and 722. SL of 699

RNRL : Buy above 79 for targets of 81 and 83. SL of 77.50

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Intraday Tips and Market outlook for 11th August.

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

NIFTY Current Spot : 4437.65
Support : 4370.75 and 4304
Resistance : 4533.4 and 4629.25

Day Trading Ideas :

RNRL : Buy above 77 for targets of 78.50 and 79.85. SL of 75.25

ICICI : Buy above 720 for targets of 726 and 734. SL of 712

IRB Infra : Buy above 176 for targets of 178 and 181. SL of 172

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Intraday tips and market outlook for 7th August.

US and European Markets ended in red.
Asia has opened negative.
Expect the Indian Markets to open negative.

NIFTY Current Spot : 4585.5
NIFTY Support : 4523.95 & 4462.5
NIFTY Resistance : 4682.5 & 4779.55

Day Trading Ideas :

DLF : Buy above 381 for targets of 385 and 389. SL of 377

LNT : Buy above 1487 for targets of 1496 and 1502. SL of 1479

ICICI Bank : Buy above 768 for targets of 774 and 787. SL of 759

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ICICI Bank posts 68% rise in net

Helped by strong treasury operations, ICICI Bank, the country’s second largest lender, today reported a 68 per cent rise in consolidated net profit to Rs 1,036 crore during the quarter-ended June, 2009, as against Rs 617 crore in the corresponding period last year.

The increase was despite a 0.2 per cent decline in consolidated income to Rs 14,615 crore, which was attributed to market-linked businesses such as insurance.

On a standalone basis, beating analyst estimates, the bank reported 20.63 per cent rise in net profit to Rs 878.22 crore.

Total income fell 2 per cent to Rs 9,223 crore and net interest income was down 5 per cent to Rs 1,985 crore during the quarter ended June 30.

The bank attributed the decrease in net interest income to the 11.6 per cent fall in advances. Though treasury income of Rs 714 crore during April-June this year, as against a Rs 594-crore loss in the corresponding period last year, helped the bank, an all-round reduction in cost also boost its bottom-line in the first quarter of 2009-10.

What also helped was a write back of some of the mark-to-market losses that the bank had taken on its books last year.

With the bank going slow on fresh lending, advances at the end of June 2009 were estimated at Rs 1,98,101.87 crore, as against Rs 2,24,145.92 crore a year ago. Similarly, assets fell 6.78 per cent to Rs 3,67,418.92 crore.

ICICI Bank, which has grown 25 to 30 per cent in the past, has had to slow down fresh lending, especially in the unsecured retail segment, and the level of advances and assets is now at the level seen at the end of June 2007.

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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 !

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Intraday Tips and Market outlook for 28 th of April.

US Markets ended lower.
Europe ended mixed.
Asia is trading higher.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 11175 and the resistance to the up move is at 11639
Nifty: (3470) the support for the Nifty is at 3435 and the resistance to the up move is at 3734

Day Trading Ideas

ICICI Bank
Buy above 476 for targets of 481 and 485
Sell below 469 for targets of 465 and 459

Axis Bank
Buy above 566 for targets of 571 and 575
Sell below 543 for targets of 539 and 535

Unitech
Buy above 44 for targets of 45 and 46.20
Sell below 42 for targets of 41 and 39.90

Aban Offshore
Buy above 450 for targets of 458 and 463
Sell below 425 for targets of 418 and 412

Happy Investing!

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Intraday tips and market outlook for 31st March.

Yesterday our markets cracked badly.
US markets had a bad day yesterday and wal street is down over 2% as automakers plans were rejected.
Asia has opened a positive note.
Expect Indian Markets to open positive.

The support for the Sensex is 9332 and the resistance to the up move is at 9900

Nifty: (2978) the support for the Nifty is at 2900 and the resistance to the up move is at 3050

Day Trading Ideas -

HDIL

Buy above 79.45 for targets of 80.45 and 81.60

Sell below 75.40 for targets of 73.10 and 72.25

ICICI

Buy above 341 for targets of 346 and 352

Sell below 324 for tergets of 320 and 314

LNT

Buy above 660 for tergets of 668 and 674

Sell below 630 for tergets of 624 and 619

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Intraday Tips and Market outlook for 16th March.

US markets ended mixed.
Europe also ended mixed.
Asian markets have opened a bit higher.
Expect Indian Markets to have a flat to positive opening.
The support for the Sensex is 8600 and the resistance to the up move is at 8872-9066
Nifty: (2719) the support for the Nifty is at 2665 and the resistance to the up move is at 2755-2805

Day Trading Ideas -

ICICI Bank.
Buy above 314 for targets of 322 and 331
Sell below 289 for targets of 380 and 272

TCS
Buy above 512 for targets of 520 and 526
Sell below 501 for targets of 492 and 486

Sintex Industries
Buy above 88.45 for targets of 89.90 and 91.25
Sell below 84.25 for targets of 83.10 and 82.45

Happy Investing.

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Market outlook and Intraday tips for 27th Jan.

US markets ended marginally higher.
Europe cheers on Indian Re-Public Day as it closed a higher note.
Asia is bonded to open flat to positive.
Expect Indian Markets to open in the same manner.

The target for the Sensex is 7850 and the resistance to the up move is at 8929-9020

Nifty: (2679) the target for the Nifty is at 2500 and the resistance to the up move is at 2741-2765

Expect markets to remain volatile throughout today.

Today we have a meet of Monetary policy so look out for Banking Stocks.

Day trading Ideas -

ICICI Bank

Buy above 367.55 fop targets of 372 and 377

Sell below 349 for targets of 345 and 340

HDFC bank

Buy above 879 for targets of 886 and 892

Sell below 865 for targets of 861 and 656

IFCI

Buy above 18.20 for targets of 18.90 and 19.30

Sell below 17.50 for targets of 16.95 and 16.50

Unitech

Buy above 27.50 for targets of 28.50 and 29.10

Sell below 26.10 for targets of 25.50 and 24.90

Happy Investing !

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Market outlook and intraday tips for 1st Jan.

Hello people. Wishing you all a Happy 2009.

US Markets ended higher.

Europe ended marginally higher.

Most Asian Markets are closed on account of New Year.

Indian markets are now bonded to open positive.

We will surely have a good start in the beginning of the year.

The support for the Sensex is 9495 and the resistance to the up move is at 9675-9990

Nifty: (2959) the support for the Nifty is at 2900 and the resistance to the up move is at 3035

Day trading ideas.

Punj Llyod.

Buy above 150 for targets of 153 and 155.50

Sell below 143 for targets of 140 and 138

Satyam

Buy above 172.50 for targets of 175 and 178

Sell below 162 for targets of 159 and 156

ICICI Bank

Buy above 451 for targets of 455 and 459

Sell below 435 for targets of 430 and 428

Happy Investing!

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Investing in Infrastructure sector now makes sense.

Real estate sector has tumbled in the same way in which Jill fell down in the well. But as inflation has now cooled it makes sense to buy some blue chip real-estate scrip’s. Home loan have sweetened leading to higher demand of new homes. This sector has a potential to turn the markets upside down as every new investment needs infrastructure and now low rate home loans will give a boost to many things directly and indirectly. The main sectors to benefit are firstly Infrastructure and later Banking.

Looking for a long term point of view one should pick up few beaten up stocks. I would go for Larsen & Tubro (LNT), Unitech , HDIL , SBI , ICICI Bank and Indiabulls Real estate.

Cooling home loans rate is the only reason why I am bullish on this sector for long term.
Happy Investing.

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Intraday Tips and Market Outlook for 8th Dec.

US markets had ended positive.

Asia has opened positive. 

Expect Indian markets to open a positive note. We can see a gap up opening of more than 200 points on Sensex.

Crude is at almost 4 years low so can this be a good news for few stocks ? Yes. 

Many stocks can benefit from this.

Levels on NIFTY are , support at 2650 and resistance for upmove at 2945 and 3150

Day Trading ideas.

SBI

Buy above 1145 for targets of 1152 and 1159

Sell below 1131 for targets of 1122 and 1113

ICICI Bank

Buy Above 362 for targets of 368 and 373

Sell Below 348 for targets of 342 and 339

HDFC Bank

Buy avove 898 for targets of 908 and 915

Sell below 871 for targets of 865 and 858

Reliance

Buy above 1126 for targets of 1131 and 1136

Sell below 1110 for targets of 1106 and 1100

Happy Investing!

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Special Search for All Stock Tips.

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Weekly news letter and stock tips for the week.

Last week we saw markets going marginally up after good global cues.

It was one of the most volatile weeks on the bourses with benchmark indices gyrating sharply as profit booking alternated with short covering before the F&O expiry date.  While a big bailout package in which the US Government promised USD 326 billion to Citigroup helped the markets rebound, the buzz that Bank of America could be a potential bailout candidate spooked market participants.

Meanwhile, surprise steep rate cuts by China's (CRR by 108 basis points and interest rate reduced to 5.58% from 6.66%) during the mid week increased anticipation that other central banks too would follow the suit. Expectations of further cut in interest rates in India too gathered momentum after the Finance Minister announced that the monetary policy was now biased towards stimulating growth and the Reserve Bank of India (RBI) was likely to lower rates further as inflation cooled.

However, the terror attack in the Indian financial capital led to the postponement of derivatives expiry by a day as the markets remained shut. This led to greater volatility on the last trading day of the week. Nevertheless, the Indian markets still managed to close above the 9000 points mark.

The stocks that were in the limelight this week included Kingfisher Airlines and  IVRCL Infra in the mid-cap space while in the large-cap segment, Reliance stocks demonstrated considerable weakness.

The global slowdown and its imact on the Indian economy is no longer breaking news. There is a discernible slowdown being witnessed across the Indian economy. This is also reflected in the GDP data released for second quarter of 2008-09 wherein our economy grew at 7.6% as against 9.3% a year-ago and 7.9% in the previous quarter.

Slackening demand and increased inventories, liquidity crunch on account of reduced availability and rising cost of funds have been taking its toll on the performance of Indian Inc. With major manufacturing companies already announcing production cuts and temporary plant shutdowns, its adverse impact will be visible in the coming quarters.

There is some pessimism again building up that the massive bailout could worsen rather than improve the ongoing crisis. The depreciating rupee which hit a record low of 50.60 against the US dollar too does not provide near-term comfort.

For now, though there are some positives like cooling off of the inflation rate and expectations of a further rate cut, the weighing scale tilt towards the negative. Nevertheless, the next sell-off in the financial markets could provide a decent buying opportunity for investors with a long term view, although utmost caution is advised for the time being.

Stocks to look into this week.

ICICI Bank and SBI - Banking may soon see a Rate cut advantage to move up as Inflation is cooling.

India Hotels Ltd - The Mumbai terror attack one you cant afford to forget destroyed the Taj Heritage Hotels in South Mumbai we may see a sell of in this scrip.

Unitech - Unitech is still not a good buy can easily go below 20 levels. Dont buy levels to watch are 17.50 - 19.25 - 21.65 - 23.85 - 25.90 - 28.30 (Levels for whole month of December ) It can move between 17.50 to 28.30 levels.

Hindalco - Technicaly speaking this stock has ability to climbe up 10- 12 % from CMP in the week.

Happy Investing .

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Weekly news letter and Stocks to watch now.

Indian Stock Markets have witnessed a worst hit. Indian markets are now down over 57% from its peak. Its almost at its 3 years low.

Markets need a good breath now. Traders are worried and even Investors.

Recession has covered the whole globe.

No one has been left out. No fundamentals in markets as of now.

When I look at NIFTY charts I see an uptrend to come till 2780 in short term.

Indian markets will be the first to recover says SEBI cheaf CB Bhave.

Stocks you should look out are.

LNT - Plans to add 10,000 staff by 2010 and the stock has good fundamentals so a reason to buy its Support is at 665 and 711 and a resistance for upmove at 791 and 825.

Unitech - This is one of the most beaten out scrip 52 week High of 600 odd and low of 27 odd. Makes sense in buying and booking profits at 40 odd levels.

SBI - Inflation has cooled and if RBI takes some action in reducing the CRR or Repo Rate it will benefit and then makes sense to buy for short term.

ICICI - The same above reason apples and even if you go to see its is one of the most beeten out blue chip after DLF and Hindalco.

Sectors I am bullish on -

Infrastructure and Banking and later Metals.

All of these sectors have witnessed the worst hit ever so chances are there for these sectors to recover very fast.

Happy Investing .

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SEBI finds no manipulation in ICICI stock prices.

Do you remember ICICI banks gtear fall.

It had many huge intraday falls , the one of 25% , who can afford to forget it.

ICICI was angry and approached SEBI for investigation.

The bank had in September sought an investigation by SEBI into its share price movement, alleging that rumours were being spread about the bank to deliberately bring down its stock price. The ICICI scrip had started to tank on news of its exposure to Lehman bonds, and although the bank’s CEO had announced that its fundamentals were sound, the fall was not arrested.

SEBI analysed the trading pattern of the shares of ICICI Bank for the period September 8 to October 10, 2008 when the scrip fell 49.52 per cent, from Rs 720 to Rs 363.65.

“SEBI did not find evidence of manipulative trading in the ICICI Bank shares during the period referred,” said the release.

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