Market outlook and Intraday tips for 4th March.

US markets ended flat after a volatile section.
Europe also ended in red.
Asia has opened flat.
Expect Indian Markets to have a flat to gap down opening.

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

Day Trading Ideas -

India Infoline
Buy above 45.10 for targets of 45.90 and 46.85
Sell below 43.05 for targets of 42.45 and 42.05

Hindalco
Buy above 38.10 for targets of 39.05 and 39.80
Sell below 36.25 for taregst of 35.85 and 35.20

IFCI
Buy above 17.90 for targets of 18.40 and 18.85
Sell below 16.25 for targets of 15.90 and 15.50

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Market outlook and Intraday tips for 5th Feb.

US markets plung after concerns about disappointing earnings and the market ended the day with a loss.
Europe ended a higher note.
Asia is trading marginally lower.
Expect Indian Markets to open flat to negative.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389

Nifty: (2803) the support for the Nifty is at 2705 and the resistance to the up move is at 2847-2904

Day Trading ideas -

Adlabs
Buy above 163 for targets of 166 and 169.50
Sell below 154 for targets of 151 and 149

Axis Bank
Buy above 399.45 for targets of 404.25 and 409.10
Sell below 388 for targets of 385 and 383

India Infoline
Buy above 43.90 for targets of 44.50 and 45.90
Sell below 41.20 for targets of 40.50 and 39.90

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Market outlook and intraday tips for 6th Jan.

US markets ended marginally lower.

Europe ended flat. Asia is bonded to open flat or mixed.

Indian markets are bonded to open flat to negative.

Markets are well above 10250.

Crude is almost at 48$ a barrel.

The support for the Sensex is 10190 and the resistance to the up move is at 10324-10708

Nifty: (3121) the support for the Nifty is at 3100 and the resistance to the up move is at 3240

Day trading ideas –

Mundra Port

Buy above 394 for targets of 402 and 408

Sell below 381 for targets of 375 and 370

IFCI

Buy above 27.10 for targets of 27.95 and 28.65

Sell below 25.10 for targets of 24.50 and 23.90

Jai Corp

Buy above 89.10 for targets of 90.15 and 91.25

Sell below 85.25 for targets of 84.50 and 83.70

India Infoline

Buy above 67.50 for targets of 68.45 and 69.80

Sell below 64.25 for targets of 63.45 and 62.25

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Weekly news letter and stocks to watch for.

Markets went up as most of the foreign markets were closed due to New year eve and so our markets got a reason to cherish. Economy is worsening. GDP is being revised too often. Obama is gona take charge from 20^th of Jan as US President. Let’s see what he does.

US government is now buying out stinky mortgage worth over 350 billion $. Now this can get some hope to the real estate segment.

At present a sector to rely on is FMCG and Pharma.

Inflation is super cooling and now it stands at 6.40%. The main reason for this is fall in commodity prices.

Gold is touching new highs due to festive season.

Sector to look out for in short term.

FMCG – This is a sector where production will never come to a stand still.

Pharma – This is my all time favorite sector due to their profits margin.

Cement – Cement stocks will benefit due to the bailout package.

Stocks to look out for.

Unitech – This stock is very volatile and can give abnormal gains if bought in 30 – 35 range in a short term.

Satyam – Satyam has board meeting in the coming week so expect the counter to turn in any way up or down , how the result or the outcome is. More over many operators are playing in this scrip. Be cautious.

India Infoline – Technically this scrip can go another 10 % up from current levels.

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Intraday tips and Market outlook for 19th Dec.

US markets plunge in the later hours. Europe has ended flat to negative.

Asia has opened flat. Expect Indian markets to open flat to negative.

A bullish mode expected in NIFTY.

Inflation has cooled down from 8% to 6.84% in a single week change.

The support for the Sensex is 9800-9660 and the resistance to the up move is at 10350

Nifty: the support for the Nifty is at 2902-2883-2795 and the resistance to the up move is at 3240

Day Trading Ideas.

India Infoline

Buy above 53.70 for targets of 54.50 and 55.90

Sell below 50.35 for targets of 49.10 and 48.50

IDFC

Buy above 70.50 for targets of 71.90 and 71.60

Sell below 65.45 for targets of 63.25 and 62.50

Reliance Capital

Buy above 508 for targets of 511 and 515

Sell below 496 for targets of 492 and 489

Educomp Solutions

Buy above 2630 for targets of 2640 and 2648

Sell below 2598 for targets of 2590 and 2582

Wipro

Buy above 253 for targets of 255 and 257

Sell below 246 for targets of 242 and 239

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Markets are up today.

Markets yet in green still didn’t give up its morning gains.

Our stock most targets achieved.

Sugar stocks have surged followed by real Estate stocks.

Good global cues. All Asia has ended in green. Europe has opened a higher note.

Major gainers are – (In A Group)

India Infoline

Guj. Mineral Dev

MMTC Ltd.

HDIL

Lanco Infratech Ltd.

Major Losers (In A Group)

RelianceCommu.Ltd

Crompton Greaves

Sun TV Network Ltd.

Power Finance Co

Tata Power Co.

Sugar stocks such as Balrampur chini , Shree renuka sugar, Bajaj Hindustan have shoot up.

Unitech as also up 10%.

At 2.42PM Sensex is up 98 points and is at 9788.61

By

Mohit M. Mankani.

(Co-Owner of Mind The Street)

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