Intraday tips and market outlook for 8th April.

US markets cracked down.
Europe was trading negative.
Asia is trading negative.
Expect Indian Markets to open flat to negative.
The support for the Sensex is 10150 and the resistance to the up move is at 10708-11295
Nifty: (3257) the support for the Nifty is at 3125 and the resistance to the up move is at 3451

Day Trading ideas

Wipro
Buy above 274 for targets of 278 and 283
Sell below 259 for targets of 254 and 251

RNRL
Buy above 53.90 for targets of 54.85 and 55.95
Sell below 51.25 for targets of 50.65 and 49.50

ONGC
Buy above 896 for targets of 904 and 914
Sell below 875 for targets of 870 and 864

Happy Investing.

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Market outlook for 28th Nov.

US markets were closed yesterday.

Europe was up 2% on an average.

Asia has opned marginally lower.

If markets open today we may see a negative to flat opening.

Support for Nifty is at 2550 and resistance for upmove at 2910 and 3200

Day Trading Ideas.

SBI 

Buy above 1115 for targets of 1126 and 1135

Sell below 1098 for targets of 1085 and 1075

LNT

Buy above 757 for targets of 768 and 779

Sell below 742 for targets of 732 and 726

Unitech

Buy above 26.20 for targets of 27.30 and 28.55

Sell below 23.10 nfor targets of 22.50 and 21.90

TCS 

Buy above 530 for targets of 538 and 549

Sell below 515 for targets of 504 and 497

ONGC

Buy above 705 for targets of 715 and 722 

Sell below 697 for targets of 692 and 685

Also look out for 

Happy Trading / Investing.

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Indian market outlook and daytrading ideas for 27th Nov.

Shocking terror attact in Indias Financial Capital. Over 80 are Dead and 200 are injured (Sources).

We pray for all the Victims and Cops who lost their life in this incident.

All world markets are trading positive and I expect Indian markets to open positive.

US markets are up over 3% on an average.

Asia is trading green , more over China is up over 8%.

Inflation is to come out and poll expects Inflation to further cool down.

Support for Nifty is at 2550 and resistance for upmove at 2910 and 3200

Day Trading Ideas.

SBI 

Buy above 1115 for targets of 1126 and 1135

Sell below 1098 for targets of 1085 and 1075

LNT

Buy above 757 for targets of 768 and 779

Sell below 742 for targets of 732 and 726

Unitech

Buy above 26.20 for targets of 27.30 and 28.55

Sell below 23.10 nfor targets of 22.50 and 21.90

TCS 

Buy above 530 for targets of 538 and 549

Sell below 515 for targets of 504 and 497

ONGC

Buy above 705 for targets of 715 and 722 

Sell below 697 for targets of 692 and 685

Happy Trading / Investing.

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BNP Paribas maintains ‘buy’ on ONGC.

ONGC 
Cmp: Rs 667.75

Target - 821

BNP Paribas has maintained a ‘buy’ rating on ONGC while lowering the price target by 30% to factor in the change in the global crude prices. “A consistent decline in oil prices means that ONGC’s net realisation declines at a price, wherein oil marketing companies break-even (around $61/bbl),” says the broking company in a report released on Tuesday. In such a scenario, shares do not act as a hedge to falling crude oil prices as the subsidy factor loses its impact at least in the near term, it adds. According to BNP Paribas’ estimates, $85-90/bbl is the optimum range for ONGC, wherein the marginal utility of each additional barrel of oil that it sells reduces. The broking firm believes that ONGC’s subsidy number for Q2FY09 was significantly high and hence, does not expect similar realisations. - ET

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Stock update - ONGC.

ONGC said the two blocks were located in the Llanos Basin and Sinu San Jacinto Basin.

Indian state-run energy firm Oil & Natural Gas Corp said on Tuesday its wholly owned unit ONGC Videsh Ltd had won two exploration blocks in Colombia.

ONGC accounts to India 78% of Oil production.

ONGC Videsh will hold 100% interest in the Llanos basin block and 50% in the other block.

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