Nirmal Bang has advised to buy Unitech with a stoploss of Rs 73 -71.
“Buy and hold Unitech with a stoploss of Rs 73 -71. The counter is showing strong strength of revival. It faces resistance at Rs 83 and if it maintains above this level then look for target of Rs 89,” the note said.
Source : Economic Times
"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 !
US markets ended lower.
Europe ended flat and mixed.
Asia is trading lower.
Expect the Indian Markets to open flat to negative.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3684) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820.
Day Trading Ideas -
TATA Motors
Buy above 276 for targets of 279 and 284
Sell below 259 for targets of 255 and 251
Unitech
Buy above 54.25 for targets of 55 and 56.10
Sell below 52.10 for targets of 51.50 and 50.80
DLF
Buy above 256 for targets of 258 and 261
Sell below 247 for targets of 245 and 242
DCB
Buy above 25.90 for targets of 26.25 and 27.10
Sell below 24.10 for targets of 23.50 and 22.90
Power Grid
Buy above 98.45 for targets of 99.20 and 100.45
Sell below 95.45 for targets of 94.80 and 93.25
Happy Investing !
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 !
US markets ended flat.
Europe ended in deep red.
Asia has opened mixed.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 10739-10506 and the resistance to the up move is at 11200
Nifty: (3362) the support for the Nifty is at 3302-3238 and the resistance to the up move is at 3440
Due to Rollover today we may witness high volatility.
Day Trading Ideas
SBI
Buy above 1260 for targets of 1275 and 1295
Sell below 1235 for targets of 1225 and 1215
Unitech
Buy above 43.50 for targets of 44.25 and 45.60
Sell below 41.10 for targets of 40.50 and 40.10
RNRL
Buy above 56.10 for targets of 57.25 and 58.10
Sell below 53.10 for targets of 52.40 and 51.90
Suzlon
Buy above 62.25 for targets of 63.50 and 64.25
Sell below 60.25 for targets of 59.10 and 58.50
Happy Investing !
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!
US markets have cracked badly.
Europe also ended low.
Asia has opened weak.
Expect Indian Markets to open negative.
The pull back in the Indian markets would depend on Asian peers.
Support for NIFTY 3284.2 and 3330.6
Resistance for upmove 3432.25 and 3487.5
Day Trading Ideas -
GMR Infra
Buy above 123 for targets of 126 and 128
Sell below 116 for taregts of 114 and 111.35
Unitech
Buy above 55.20 for targets of 56.50 and 57.90
Sell below 52.50 for targets of 51.10 and 50.25
DLF
Buy above 234 for targets of 238 and 241
Sell below 226 for targets of 222 and 219
US markets ended almost flat on Friday.
Europe ended marginally positive.
Asia has opened negative.
Expect the Indian Markets to open in the same manner.
We may see a high volatility in the markets.
The support for the Sensex is 10662-10444 and the resistance to the up move is at 11255
Nifty: (3384) the support for the Nifty is at 3303-3238 and the resistance to the up move is at 3451
Day Trading Ideas -
Unitech
Buy above 54.25 for targets of 56.20 and 58.75
Sell below 50.20 for targets of 49.10 and 46.85
LNT
Buy above 875 for targets of 882 and 895
Sell below 856 for targets of 848 and 841
DLF
Buy above 236 for targets of 242 and 248
Sell below 228 for targets of 224 and 219
Indian OverSeas Bank
Buy above 68.50 for targets of 69.90 and 72.10
Sell below 64.25 for targets of 63.10 and 61.50
US markets ends lower after few days succesive rallies.
Europe ended marginally higher.
Asia has opened mixed.
Expect the Indian Markets to open flat to negative.
The support for the Sensex is 8900 and the resistance to the up move is at 9140-9378
Nifty: (2807) the support for the Nifty is at 2750 and the resistance to the up move is at 2848-3142
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
US markets tumble along with the European markets. The support for the Sensex is 7995 - 7890 and the resistance to the up move is at 8410 Nifty: (2576) the support for the Nifty is at 2450 - 2390 and the resistance to the up move is at 2674 Happy Investing.
Asia has also opened weak.
I expect Indian markets to open weak.
Indian markets may go below 8K mark today itself.
Day Trading Ideas.
Reliance Industry
Buy above 1162 for targets of 1169 and 1175
Sell below 1132 for targets of 1125 and 1119
Idea Cellular
Buy above 45.10 for targets of 45.90 and 46.75
Sell below 43.25 for targets of 42.90 and 42.25
Unitech
Buy above 26.10 for targets of 26.85 and 27.45
Sell below 24.90 for targets of 24.25 and 23.90
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US markets ended lower. Dow sliped below 7K mark for the first time since 1997. The support for the Sensex is 8400-8168 and the resistance to the up move is at 8700 Nifty: (2675) the support for the Nifty is at 2600-2484 and the resistance to the up move is at 2725
Europe markets plunged in Red.
Asia has opened weak.
Expect Indian Markets to open in red.
NIFTY is overall in Bearish mode.
Day Trading Ideas.
DLF
Buy above 152 for taregts of 155 and 158
Sell below 146 for taregts of 141 and 138
Unitech
Buy above 27.40 for taregts of 28.10 and 28.90
Sell below 23.45 for targets of 22.90 and 22.15
Punj Llyod
Buy above 72.50 for targets of 74 and 76
Sell below 69.40 for taregst of 68.10 and 66.90
Happy Investing.
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US markets ended negative after a volatile section. 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
Europe ended negative.
Asia has opended positive and so expect Indian markets to open positive.
Today is NIFTY Future expiry so markets can head any where or may even have low movements.
Today even Inflation data is supose to come out.
Be careful.
Day Trading Ideas -
RNRL
Buy above 43.15 for targets of 43.90 and 44.35
Sell below 42.10 for targets of 41.45 and 41.10
Unitech
Buy above 29.10 for targets of 29.85 and 30.25
Sell below 28.10 for taregts of 27.45 and 26.90
Happy Investing.
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US markets ended flat. The support for the Sensex is 8865 and the resistance to the up move is at 9445 Nifty: (2776) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890 Day Trading Ideas - LNT Buy above 659 for targets of 664 and 670 Sell below 648 for targets of 645 and 641 Unitech Buy above 29.90 for targets of 30.40 and 30.90 Sell below 27.50 for targets of 27.05 and 26.50 Power Grid Buy above 88.45 for targets of 89.10 and 89.70 Sell below 86.45 for targets of 86.00 and 85.40 A special Report on how markets will react in 2009 is comming this Sunday.
Europe ended marginally lower.
Asia is trading mixed.
Expect Indian Markets to open flat to negative.
US markets end negative after a roler coster ride. The support for the Sensex is 9178-9049 and the resistance to the up move is at 9445 Nifty: (2849) the support for the Nifty is at 2810-2779 and the resistance to the up move is at 2890 Day Trading Ideas.
Europe also ended in red.
Asia is ought to open flat or may be negative.
Indian markets will open in the same way.
Markets react negative on Interim Budgets yesterday.
HDIL
Buy above 83.25 for targets of 84.90 and 85.60
Sell below 79.65 for targets of 78.10 and 77.35
Educomp
Buy above 2068 for targets of 2075 and 2087
Sell below 2049 for targets of 2042 and 2035
Unitech
Buy above 30.85 for targets of 31.20 and 31.85
Sell below 29.10 for targets of 28.50 and 28.05
Sterlite Ind
Buy above 265 for targets of 268 and 271
Sell below 252 for targets of 249 and 245
Happy Investing.
US markets had ended marginally lower. The support for the Sensex is 9445 and the resistance to the up move is at 9824 Nifty: (2948) the support for the Nifty is at 2900 and the resistance to the up move is at 3004 Day Trading Ideas - Unitech - Buy above 32.05 for targets of 32.80 and 33.55 Sell below 29.50 for targets of 29.05 and 28.40
Europe ended mixed.
Asia is trading total flat.
Expect Indian Markets to have a bit gap down or a flat opening.
Buy above 163 for targets of 165 and 167.45
Sell below 157 for targets of 155 and 153
IFCI
Buy above 21.45 for targets of 21.90 and 22.50
Sell below 20.05 for targets of 19.45 and 19.00
SBI
Buy above 1199 for targets of 1208 and 1218
Sell below 1184 for taregts of 1178 and 1169
Happy Investing!
US markets ended flat after a volatile section. The support for the Sensex is 9430-9307-9178 and the resistance to the up move is at 9824 Nifty: (2893) the support for the Nifty is at 2845-2810 and the resistance to the up move is at 2972
Europe ended in red.
Asia has opened in green.
Expect the Indian Markets to do the same.
Day Trading Ideas -
RNRL
Buy above 49.25 for targets of 50.10 and 50.65
Sell below 47.25 for taregts of 46.50 and 46.05
Wipro
Buy above 225 for targets of 229 and 232
Sell below 216 for targets of 212 and 209
WWIL
Buy above 15.95 for taregts of 16.40 and 16.95
Sell below 14.90 for targets of 14.50 and 14.05
Unitech
Buy above 32.20 for target of 32.95 and 33.50
Sell below 30.25 for target of 29.65 and 29.05
Happy Investing.
US markets ended flat.
Europe was trading flat.
Asian Markets are bonded to open flat to negative.
Indian markets may have a nagative opening.
At present the nature of NIFTY is mixed.
It has 46 advance against 2 declines.
Over all trend is WAIT.
Support at 2845 and 2795
Resistance at 2995 and 3075
Support for Sensex is at 9320 and resistance for upmove is at 9985
Day Trading Ideas -
DLF
Buy above 143 for targets of 146 and 149
Sell below 132 for targets of 129 and 125
SBI
Buy above 1156 for taregts of 1162 and 1169
Sell below 1141 for taregts of 1138 and 1135
HDIL
Buy above 83 for targets of 86 and 88
Sell below 79 for targets of 75 and 73
Unitech
Buy above 29.55 for taregts of 30.25 and 30.95
Sell below 28.45 for targets of 27.90 and 27.45
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Happy Investing !
US markets ended positive on Friday. The support for the Sensex is 9227 and the resistance to the up move is at 9400-9539 Nifty: (2843) the support for the Nifty is at 2750 and the resistance to the up move is at 2889 Day Trading Ideas - Sesa Goa - Buy above 97.80 for targets of 99.65 and 101.15 Sell below 94.10 for targets of 93.15 and 92.10 Spice tele - Buy above 74.10 for targets of 76.25 and 80.40 Sell below 69.30 for targets of 68.15 and 67.10 Buy above 29.10 for targets of 30.15 and 31.05 Sell below 27.45 for targets of 26.80 and 25.90
Europe was also flat.
Asia has opened positive but is giving up all its gain.
Expect Indian Markets to open flat to positive.
Unitech -
Now get NIFTY EDO technicals (Autogenerated) Every Day Here.
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Happy Investing !
Read the full post...It is learnt that Unitech is in discussions with three private equity players to sell nearly 20-26% of its equity for an projected Rs 25 billion, reports Economic Times. The funds would go into diluting its debt load, which is currently at Rs 80 billion. It is learnt that Unitech`s board on January 31, approved the proposal to offload stake in the company, and the management is in discussions with international private equity funds such as TPG Axon, SUN Apollo and Bergruen Holding. The company would also bring up Rs 7.50 billion by selling its five-star hotel in Gurgaon and an office complex in south Delhi`s Saket business district. It is believed that this will make it one of the most under leveraged real estate companies in the country.- MyIRIS
