Intraday Tips and market outlook for 21st July

US markets ended higher.
Europe also ended higher.
Asia has opened Higher following the global rally.
Expect the Indian markets to open positive.

The support for the Sensex is 15000 and the resistance to the up move is at 15300-15600-16046
Nifty: (4502) the support for the Nifty is at 4400 and the resistance to the up move is at 4615-4700-4789

Day Trading Ideas :

TCS : Buy above 510 for targets of 518 and 526. SL of 502

Bank of Baroda : Buy above 438 for targets of 445 and 458. SL of 430

MNM : Buy above 802 for targets of 814 and 821. SL of 793

Cairn India : Buy above 249 for targets of 255 and 259. SL of 244

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FNO Expiry gave profits yesterday - State of Markets Today (29th May)

"Intraday Tips and Market outlook for 29th May."
US markets ended higher.
Europe ended flat.
Asia is trading mixed.
Expect the Indian markets to open flat to positive
The support for the Sensex is 13950 and the resistance to the up move is at 14500
Nifty: (4337) the support for the Nifty is at 4285 and the resistance to the up move is at 4390

Day Trading Ideas :

HCC
Buy above 109 for targets of 112 and 114 keep a SL of 106.45
Sell below 105 for targets of 103 and 101.50 keep a Sl of 106

TCS : Buy above 653 for targets of 661 and 668 keep a SL of 648

Unitech : Buy above 77.20 for targets of 78.50 and 79.20 keep a SL of 76.25

Happy Investing !

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Intraday Tips and Market outlook for 18th May

US markets ended negative.
Europe ended flat.
Asia has opened negative.
Expect the Indian Markets to open higher. Indian markets may not follow the global cues today.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3672) the support for the Nifty is at 3600 and the resistance to the up move is at 3800

Day Trading Ideas -

RCom
Buy above 235 for targets of 237 and 241
Sell below 229 for targets of 224 and 222

Adlabs
Buy above 240 for targets of 246 and 252
Sell below 225 for targets of 220 and 216

TCS
Buy above 650 for targets of 656 and 660
Sell below 632 for targets of 629 and 625

RNRL
Buy above 59.10 for targets of 60.15 and 61.25
Sell below 56.30 for targets of 55.80 and 54.25

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Intraday Tips and Market outlook for 5th of May.

US markets ended positive.
Europe ended mixed.
Asian markets are trading positive.
Expect the Indian markets to open positive.
The support for the Sensex is 11640 and the resistance to the up move is at 12569-12857
Nifty: (3654) the support for the Nifty is at 3500 and the resistance to the up move is at 3735-3820

Day Trading Ideas -

TCS
Buy above 674 for targets of 681 and 688
Sell below 650 for targets of 645 and 639

GMR Infra
Buy above 119 for targets of 123 and 125
Sell below 110 for targets of 107 and 105

HDIL
Buy above 161 for targets of 164 and 168
Sell below 154 for targets of 151 and 146

Unitech
Buy above 51 for targets of 52.45 and 53.60
Sell below 47.45 for targets of 46.85 and 45.50

Happy Investing !

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Intraday tips and market outlook for 17th April.

US markets ended higher.
Europe also ended higher.
Asia has opened positive. Expect Indian Markets to have a positive opening.
The support for the Sensex is 10662-10444 and the resistance to the up move is at 11255
Nifty: (3370) the support for the Nifty is at 3303-3238 and the resistance to the up move is at 3451

Day Trading Ideas

RNRL
Buy above 57.45 for targets of 58.90 and 60.25
Sell below 54.35 for targets of 53.25 and 51.20

TCS
Buy above 580 for targets of 586 and 591
Sell below 565 for targets of 561 and 555

HCL Technology
Buy above 124 for targets of 127 and 131
Sell below 118 for targets of 115 and 111

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Intraday tips and market outlook for 2nd April.

US markets rallied.
Europe also rallied.
Expect Asian markets to open flat to negative.
Indian markets may also follow the foot prints of Asian markets.
The support for the Sensex is 9520 and the resistance to the up move is at 10050-10201
Nifty: (3060) the support for the Nifty is at 2960 and the resistance to the up move is at 3108.

Day Trading Ideas -

Sesa Goa
Buy above 102.10 for targets of 104.25 and 106.50
Sell below 97.45 for targets of 95.20 and 93.45

HDFC
Buy above 1005 for targets of 1012 and 1019
Sell below 989 for targets of 982 and 976

TCS
Buy above 551 for targets of 558 and 563
Sell below 546 for targets of 541 and 536

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Intraday Tips and Market outlook for 27th March.

US markets rallied once againg.
Europe was trading flat.
Asia has opened mixed.
Expect Indian Markets to open flat to negative.
A range bounded mode expected.
Inflation at 30 years low at 0.27%.

The support for the Sensex is 9740 and the resistance to the up move is at 10201

Nifty: (3082) the support for the Nifty is at 3040 and the resistance to the up move is at 3142-3184

Day Trading Ideas -

SBI
Buy above 1095 for targets of 1115 and 1132
Sell below 1062 for targets of 1050 and 1040

TCS
Buy above 563 for targets of 568 and 572
Sell below 545 for targets of 540 and 533

Wipro
Buy above 262 for targets of 266 and 271
Sell below 245 for targets of 240 and 234

NIFTY Autogenerated Technical Analysis

What do you think who will win the General Elections ? Cast your vote here.

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Intraday Tips and Market outlook for 19th March.

US markets had a good week so far. Yesterday too the US markets rallied.
Europe ended mixed.
Asia has opened marginally lower.
Expect Indian markets to open flat to negative.

The support for the Sensex is 8950 and the resistance to the up move is at 9140-9378

Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2848-3142

Day Trading Ideas -

TCS
Buy above 511 for targets of 515 and 518
Sell below 501 for targets of 495 and 491

Unitech
Buy above 26.90 for taregts of 27.45 and 28.10
Sell below 25.10 for targets of 24.80 and 24.35

Praj Industry
Buy above 51.10 for targets of 52.25 and 53.10
Sell below 48.10 for targets of 47.50 and 46.90

What do you think who will win the General Elections ? Cast your vote here.

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Intraday Tips and Market outlook for 18th March.

US markets ended positive.
Europe ended flat/ mixed.
Asia has opened higher.
Expect Indian Markets to have a flat to positive opening.

The support for the Sensex is 8651 and the resistance to the up move is at 9065-9140

Nifty: (2757) the support for the Nifty is at 2704 and the resistance to the up move is at 2805-2843

Day Trading Ideas.

HDIL

Buy above 71.45 for targets of 72.45 and 73.80

Sell below 69.45 for targets of 68.20 and 67.15

RPL

Buy above 81.20 for taregst of 82.10 and 83.25

Sell below 79.45 for taregst of 78.90 and 78.10

TCS

Buy above 502 for taregst of 506 and 510

Sell below 489 for targets of 486 and 481

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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 25th Feb.

US markets opened flat but later rallied.
Europe ended in negative.
Asia is expected to open positive.
Expect Indian markets to open in the same manner flat to negative.

The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157

Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2789-2824

Day Trading Ideas

TCS

Buy above 471 for target's of 476 and 482

Sell below 461 for target's of 457 and 451

Infosys Technology

Buy above 1191 for target's of 1198 and 1207

Sell below 1171 for targets of 1164 and 1158

SBI

Buy above 1036 for targets of 1042 and 1048

Sell below 1020 for targets of 1012 and 1008

Happy Investing !

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Market outlook and Intraday tips for 2nd Feb.

US markets on Friday were marginally lower.
Europe markets ended lower.
Asia has opened weak.
India is bonded to open flat to negative.

The support for the Sensex is 8246-9130 and the resistance to the up move is at 9551

Nifty: (2875) the support for the Nifty is at 2800 and the resistance to the up move is at 2904-2962.

Day Trading Ideas -

TCS
Buy above 514 for targets of 520 and 528
Sell below 507 for targets of 502 and 498

RCom
Buy above 176 for targets of 180 and 184
Sell below 166 for targets of 162 and 158

IFCI
Buy above 19.60 for targets of 20.10 and 20.50
Sell below 18.50 for targets of 18.10 and 17.55

Unitech
Buy above 33.15 for targets of 34.20 and 35.10
Sell below 31.10 for targets of 30.25 and 29.50

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Happy Investing !

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Market outlook and Intraday tips for 29th Jan.

US markets went higher as Obama announces a bailout package of 813 Billion $.
Europe ended higher. Asia is trading higher.
I expect Indian Markets to have a gap up opening.

The target for the Sensex is 9150 and the resistance to the up move is at 9334-9410-9550

Nifty: (2850) the target for the Nifty is at 2820 and the resistance to the up move is at 2870-2904

I expect markets to be in Green.

Day trading ideas.

HDIL
Buy above 98.50 for targets of 99.85 and 101.20
Sell below 92.40 for targets of 91.25 and 90.10

TCS
Buy above 511 for targets of 515 and 521
Sell below 498 for targets of 494 and 488

R Com
Buy above 171 for targets of 178 and 184
Sell below 159 for targets of 155 and 151

Happy Investing.

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Market outlook and intraday tips for 14th Jan.

US markets ended mixed.

Europe ended marginally negative.

Asia opened flat but now has pulled back and is trading positive.

India is bonded to open flat or positive.

The target for the Sensex is 8947-8845 and the resistance to the up move is at 9575-9750

Nifty: (2769) the target for the Nifty is at 2685-2404 and the resistance to the up move is at 2812

Day trading ideas

TCS

Buy above 526 for targets of 530 and 534

Sell below 512 for targets of 509 and 505

Infosys

Buy above 1238 for targets of 1243 and 1249

Sell below 1208 for targets of 1201 and 1196

Tata Steel.

Buy above 206 for targets of 209 and 213

Sell below 199 for targets of 196 and 193

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Market outlook and intraday tips for 12th Jan.

US markets ended negative. US ended negative as the jobless data comes out to be the worst.

Europe ended marginally negative.

Asia has opened marginally lower.

Indian markets are bonded to open flat to negative.

If markets open higher of 100 odd points on NIFTY they are bonded to give up all its gains.

The support for the Sensex is 9100 and the resistance to the up move is at 9716

Nifty: (2873) the support for the Nifty is at 2800 and the resistance to the up move is at 3000

Day trading ideas.

Unitech

Buy above 36.95 for targets of 37.50 and 38.80

Sell below 33.25 for targets of 32.50 and 31.25

LNT

Buy above 728 for targets of 733 and 740

Sell below 712 for targets of 706 and 698

Punj Llyod

Buy above 119 for targets of 124 and 128

Sell below 111 for targets of 105 and 101

TCS

Buy above 541 for targets of 545 and 551

Sell below 532 for targets of 528 and 525

(We have our IIP data to release so be careful while trading in capital goods scrips.)

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Weekly NEWS letter and stocks to watch out for.

The past week was a horrible one. A company like Satyam can do such a big fraud, unbelievable.

The stocks made a high of 189 and a low of 11.50 in the past week. Its all time high is 575 and all time low is 11.50.

Raju is now sent in jail. But the innocent share holders are now in trouble.

The Indian markets fell 6.04% n the last week.

Though inflation is cooling no sign of good news in seen in the markets.

We have our Quarterly results coming this week for many companies. This will act as a major trigger to the movement in markets.

Markets will lie in a range of 2700 – 3000 (NIFTY) in this week.

Not much of upside is expected.

Satyam saga is yet going on will also decide the trend of the market.

IIP data is suppose to arrive tomorrow so be cautious.

Stocks to look out for in this week.

Satyam – I personally feel not to buy this stock. But this stock will be the most volatile in the coming week.

TCS, Wipro, Infosys – The key rivals of Satyam can benefit as the order book of Satyam can be passed to its rivals.

LNT – LNT bags 1100 crs order last week can give some gain.

Unitech - This is one badly beaten up stock and it bought at bottom can give some good gains. Best buy would be 28 -30 range.

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Market outlook and intraday tips for 7th Jan.

US markets ended mixed after a volatile secession.

Europe ended marginally higher.

Asia is trading higher.

Expect Indian markets to open a higher note.

The support for the Sensex is 10190 and the resistance to the up move is at 10708

Nifty: (3113) the support for the Nifty is at 3100 and the resistance to the up move is at 3240

Day trading ideas –

TCS

Buy above 513 for targets of 518 and 524

Sell below 501 for targets of 496 and 490

Unitech

Buy above 46.90 for targets of 47.80 and 48.90

Sell below 43.20 for targets of 42.50 and 41.85

Satyam

Buy above 183 for targets of 186 and 189

Sell below 176 for targets of 173 and 171

Happy Investing!

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Investors can bet on larger IT companies

IT companies continue to ride along a rough patch, given the global macro-economic challenges. Though this has adversely impacted their valuations on the bourses, not all is lost for the sector.

While concerns such as lower IT budgets for ’09 and turmoil in the banking, financial services and insurance (BFSI) space remain, positive factors like increased outsourcing and offshoring opportunities and growing pie of domestic business cannot be ruled out. IT stocks have more or less followed the trend in the broader market. The ET IT index has plummeted by nearly 52% in CY08 so far, mirroring the loss witnessed by the Sensex. On a narrower time scale of the past three months, the ET IT index has declined by 30%, which is steeper than the 26% fall seen in the Sensex.

Almost all IT companies, irrespective of their revenue size, have failed to earn returns in the past three months. While four out of the sample of 90 IT companies that declared results in the September ’08 quarter earned returns during the said period, only one —Cambridge Solutions — earned double-digit returns (28%). None of the Sensex companies could fetch gains for investors during the above period.


On the operational front, the situation is even more challenging for IT companies during the current quarter, given the wild fluctuations in the rupee vis-à-vis the dollar and problems in the BFSI space. While over two-thirds of IT exports are in dollar terms, more than one-third comes from BFSI clients. Most IT vendors have shown a decline in their revenue from this space during the September ’08 quarter.

To add to their woes, auto companies in the US are in trouble. Though this will affect the order flow of some Indian IT exporters, the impact will largely be muted, as most of these companies have less than 3% revenue exposure to the auto sector. Among the top five Indian IT companies, Satyam Computer Services is likely to see greater impact since over 5% of its business comes from auto clients. Manufacturing (of which automobiles is a part) and BFSI segments together account for 40-50 % of the revenue of the top five Indian IT companies.

This means a significant portion of their revenue is currently under pressure. In the mid-sized IT space, niche players, including KPIT Cummins Infosystems, which generates over 35% of its revenue by serving auto clients, will take a hit.

Geometric, which provides product lifecycle management (PLM) solutions to auto and other manufacturing companies, is also likely to be affected. Both these companies have witnessed delays in their clients’ decisions. Apart from delay in getting new business, IT companies are also likely to witness a squeeze in the billing rates on existing and renewed projects from auto clients.

On the currency front, the average rupee-dollar rate has moved up by over Rs 2 during the December ’08 quarter so far, compared to the previous quarter. On the other hand, the average rates of rupee-euro and rupee-British pound have gone down marginally. However, the net impact of this will be dominated by the rupee-dollar relationship as majority of IT revenue is earned in dollar terms. IT companies, which consider quarterly average currency rates, are likely to witness a positive impact of currency fluctuations on their topline. This can be in the range of 3-5 %, depending on the proportion of various currencies in their revenue.

However, the currency impact is likely to be marginally negative for those IT companies which consider end-ofthe-quarter forex conversion rates if the rupee appreciates further against the dollar and moves below Rs 47 — the rate prevailing at the end of the previous quarter. IT companies are not expected to throw up any positive surprises in the December ’08 quarter and in the short term. However, the game has shifted from growth to sustainability.

As a fall-out of the economic slowdown, outsourcing and offshoring are likely to gain momentum and top Indian IT companies are set to benefit from this trend. Bigger companies have so far shown consistency in revenue growth compared to their mid- and small-sized counterparts. So, larger companies will also be the first ones to take advantage of a turnaround in the global economy, given their scale and reach. Apart from betting on large IT companies, investors can consider companies which have India-specific strategies, since the domestic economy will be impacted by the global crisis only to a limited extent.
Source - Economic Times

My View Point -
IT may see an increase in revenew as the Rupee has depreciated against Dollar.
Bad news is that its orders have become less as its recession. Not much new orders.

I am neutral on IT Sector.

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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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