Intraday tips and market outlook for 9th April.

US markets ended positive after a volatile trading section.
Europe ended mixed.
Asia has opened positive.
Expect the Indian Markets to open positive.
The support for the Sensex is 10525 and the resistance to the up move is at 11295
Nifty: (3343) the support for the Nifty is at 3260 and the resistance to the up move is at 3451

Day Trading Ideas -

RPL
Buy above 109.25 for targets of 110.25 and 111.45
Sell below 105.45 for targets of 104.25 and 103.10

LNT
Buy above 814 for targets of 821 and 834
Sell below 796 for targets of 785 and 776

Voltas
Buy above 55.25 for targets of 56.10 and 57.45
Sell below 52.45 for targets of 51.40 and 50.75

Happy Investing.

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Market outlook and Intraday tips for 24th Feb.

US markets crack badly.
Europe ended marginally lower.
Asia is bonded to open negative or may be even flat.
Indian markets will open in the same mannar.

The support for the Sensex is 8630 and the resistance to the up move is at 8977

Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2802

Day Trading Ideas -

GMR Infra

Buy above 78.50 for targets of 79.85 and 80.45

Sell below 76.45 for targets of 75.90 and 75.10

Voltas

Buy above 39.45 for targets of 40.10 and 40.95

Sell below 37.40 for taregst of 36.85 and 36.10

HUL

Buy above 252 for targets of 255 and 258

Sell below 247 for targets of 245 and 243

SBI

Buy above 1052 for taregts of 1063 and 1071

Sell below 1032 for taregts of 1024 and 1019

NIFTY 1 Month Future.

Bearish (Indication Avoid)

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Intraday Tips and Market Outlook for 1st Dec.

US markets had rallied after Citi group gets bailout.

Last week Indian GDP figures were out which come out at 7.6% v/s 7.9% in the last Quater which is a bad indicator.

Asia has opned lower.

I expect Indian markets to open flat to negative.

We may recover if we have a gap down opening.

Levels to watch on Sensex are Support at 8750 - 8400 and resistance for upmove at 9410 and 10,120.

Levels on NIFTY support at 2650 - 2500 and resistance for upmove at 2890 - 3120.

Day Trading Ideas.

Unitech 

Buy above 23.50 for targets of 24.90 and 26.10

Sell below 21.30 for targets of 20.90 and 20.05

KSK Energy Ventures.

Buy above 156 for targets of 159 - 162

Sell below 149 for targets of 146 - 143

Grasim Ind.

Buy above 905 for targets of 912 and 918

Sell below 879 for targets of 871 and 865

Century Textile.

Buy above 135 for taregst of 137 and 139

Sell below 131 for targest of 128 and 125

Voltas Ltd.

Buy above 51.25 for targets of 52.50 and 53.90

Sell below 48.90 for targets of 47.50 and 46.90

Happy Trading.

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Kotak Securities puts accumulate on Voltas

Target price: 57 

Kotak Securities’ private client research has maintained its ‘accumulate’ rating on Voltas while trimming the price target to Rs 57 from Rs 70. 

“We are downgrading our earnings and target price for Voltas in view of deteriorating fundamentals in its major user industries,” the retail broking firm said, referring to slowdown in Dubai property market and declining investments of South India-based textile makers. 

“Close to 81% of the order backlog of Rs 5,600 crore is from the Middle East (realty) market. Out of this, the order book from Dubai constituted just Rs 105 crore. Voltas indicated that they had anticipated a sharp slowdown in the Dubai market since a year earlier and had been consciously reducing exposure in the Dubai property market,” it said. The slackening of the consumer durables business, including water coolers window and split ACs, is also expected to weigh down Voltas’ revenue growth, Kotak said. - ET

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