Intraday Tips and market outlook for 20th July

US markets ended higher.
Europe had ended higher too.
Asia has opened a positive note.
Expect the Indian Markets to open positive.

The support for the Sensex is 14340 and the resistance to the up move is at 15300
Nifty: (4375) the support for the Nifty is at 4265 and the resistance to the up move is at 4615

Day Trading Ideas :

Adlabs : Buy above 338 for targets of 341 and 345. SL of 334

RIL : Buy above 1930 for targets of 1945 and 1954

LNT : Buy above 1420 for targets of 1438 and 1455

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Accumulate on Reliance Industries : Prabhudas Lilladher

Prabhudas Lilladher has maintained its Accumulate rating on Reliance Industries even as the Bombay High Court gave its judgment in the favour of Reliance Natural Resources in the gas supply case.

“As per the hearing, RIL will supply 28mmscmd KG basin gas to RNRL for a period of 17 years. This is likely to have a negative impact on RIL’s NPV for KG basin, future cash flows and FY11 EPS of RIL.

We are envisaging three different scenarios and their effect on RIL estimates. One of the scenarios depicted includes, a scenario with similar case currently being contested by NTPC. However, there is a strong likelihood of RIL appealing in the Supreme Court as the current hearing will have negative implications on the ongoing case between RIL and NTPC.

We have incorporated the effect of RIL-RNRL case hearing in our estimates with reduction in NPV for KG Basin by Rs 75. We maintain ‘Accumulate’ on the stock," the brokerage said.

Source : Economic Times

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Intraday Tips and Market Outlook for 30th March.

US markets plunge on Friday evening.
Europe ended marginally lower.
Asia has opened weak.
Expect the Indian Markets to open in the same mannar.
We may have a negative opening.

The support for the Sensex is 9635 and the resistance to the up move is at 10201

Nifty: (3109) the support for the Nifty is at 3040 and the resistance to the up move is at 3142-3184

Day Trading Ideas -

IFCI
Buy above 21.10 for targets of 21.90 and 22.45
Sell below 20.10 for targets of 19.45 and 19.05

LNT
Buy above 689 for targets of 696 and 708
Sell below 658 for targets of 650 and 641

Reliance Industry
Buy above 1560 for targets of 1569 and 1576
Sell below 1535 for targets of 1529 and 1520

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Market outlook and Intraday tips for 6th March.

US markets tumble along with the European markets.
Asia has also opened weak.
I expect Indian markets to open weak.
Indian markets may go below 8K mark today itself.

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

Inflation fell down to 3.03%

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

Happy Investing.

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Market outlook and Intraday tips for 2nd March.

US markets ended negative.
Europe also ended in red.
Asia has opened weak. Expect Indian markets to open negative.

The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157

Nifty: (2764) the support for the Nifty is at 2730-2685 and the resistance to the up move is at 2824

Markets may remain volatile through out the day.

Day Trading Ideas -

HDIL
Buy above 74.20 for taregts of 75.10 and 76.25
Sell below 72.15 for targets of 71.45 and 70.50

RPL
Buy above 77.85 for taregst of 78.90 and 80.45
Sell below 75.15 for taregts of 74.45 and 73.60

Reliance Ind.
Buy above 1284 for taregts of 1291 and 1298
Sell below 1245 for targets of 1234 and 1226

LNT
Buy above 621 for taregts of 627 and 632
Sell below 604 for taregst of 599 and 594

Happy Investing !

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Q3 Earnings Update!

My 2 cents on what to expect of the earnigs being announced today.

Reliance Industries - A big question mark on Q3, but whatever the management has to say today will define how the indexes move. It is most weighted stock in Senex & Nifty and is bound to pull its weight

Ranbaxy Laboratories Ltd - Good scrip to look out for especially after
Japan company merger. I think Healthcare is recession proof.

Bharti Airtel - Is expected meet estimates for Q3. But Outlook will be worrying due to saturation in current markets. Newer market penetration will require capital expenditure which will be hard to come by in Q4.

Idea Cellular - I am a seller of this Telecom company. With too much competion and a price war looming, margins will be affected, it will be difficult to survice without a merger with one of the bigger companies or even 2 smaller partners working together.

Kotak Mahindra - One of the better investment and financial banks. They seem to have limited exposure to any toxic assets. I will be a buyer of this stock at these levels. Earnigs should be encouraging.

-- About Me --

I am Tushar Makhija, co-founder of stockezy.com and like contributing to IndianMoneyPlus.com. I like the open minded approach of the authors. Looking to participate more. If you guys are interested in meeting many such like-minded bloggers and people interested in investing, check out stockezy.com

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Market outlook and Intraday tips for 22nd Jan.

US markets rallied . Obamas Effect.
Europe markets ended flat.
Asia has opened mixed.
I expect Indian Markets to open flat to positive.

The target for the Sensex is 7850 and the resistance to the up move is at 8940-9075

Nifty: (2706) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2758-2779

If we have a gap up opening , markets will not be able to sustain all its gains.

Day Trading Ideas.

Reliance Ind.

Buy above 1125 for targets of 1131 and 1136

Sell below 1109 for targets of 1103 and 1097

RNRL

Buy above 50.45 for targets of 51.20 and 52.50

Sell below 48.10 for targets of 47.25 and 46.50

Unitech

Buy above 30.10 for targts of 30.90 and 31.65

Sell below 28.50 for targets of 27.45 and 26.90

Happy Investing.

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Weekly news letter and stocks to look out for.

This week we saw markets crashing down drastically. Sensex and NIFTY both are down over 7%.

Inflation is cooling down. Current inflation is at 6.61 compared to 6.84 last week.

See the life as crude is below 35$.

Satyam is banned by World Bank for 8 years. (Don’t carry any long position is this scrip)

FII’s activity is now negligible.

We will see some DII’s buying stocks.

More over companies are buying their own stock from the market so as to increase the promoter’s holdings. The latest company to do so was GMR Infra.

Stocks to look out in this week.

Satyam Computers. – Any thing can happen now.

Unitech. – My favorite to trade. Good movements. Highly volatile.

Axis Bank.- Again the same story , expect rate cut.

UCO Bank.- Technically strong stock.

Reliance Ind. – Can bounce back from any levels from now.

Happy Investing!

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