Intraday tips and Market outlook for 18th Dec.

US markets ended volatile in red.

Europe was trading mixed. Asia opened weak but now has picked up.

Expect Indian markets to have a flat to negative opening.

Satyam takes a U turn by canceling the deal with Maytas Infra.

Markets can go either ways depends on FII’s buying and profit booking.

The support for the Sensex is 9600-9460 and the resistance to the up move is at 9800

Nifty: (2954) the support for the Nifty is at 2902-2883-2795 and the resistance to the up move is at 3000

Day Trading Ideas.

Satyam

Buy Above 162.90 for targets of 168.50 and 173.90

Sell below 155 for targets of 151 and 148.50

Punj Llyod

Buy Above 161 for targets of 164 and 168

Sell below 154 for targets of 151 and 149

LNT

Buy above 791 for targets of 796 and 801

Sell below 770 for targets of 765 and 761

RNRL

Buy Above 49.50 for targets of 50.90 and 52.40

Sell below 47.60 for targets of 46.50 and 45.80

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Intraday Tips and Market Outlook for 8th Dec.

US markets had ended positive.

Asia has opened positive. 

Expect Indian markets to open a positive note. We can see a gap up opening of more than 200 points on Sensex.

Crude is at almost 4 years low so can this be a good news for few stocks ? Yes. 

Many stocks can benefit from this.

Levels on NIFTY are , support at 2650 and resistance for upmove at 2945 and 3150

Day Trading ideas.

SBI

Buy above 1145 for targets of 1152 and 1159

Sell below 1131 for targets of 1122 and 1113

ICICI Bank

Buy Above 362 for targets of 368 and 373

Sell Below 348 for targets of 342 and 339

HDFC Bank

Buy avove 898 for targets of 908 and 915

Sell below 871 for targets of 865 and 858

Reliance

Buy above 1126 for targets of 1131 and 1136

Sell below 1110 for targets of 1106 and 1100

Happy Investing!

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Stock to watch - RPL

Reliance Petroleum Ltd.(RPL)
Target Price: 97
Religare Hichens Harrison has said that Reliance Petroleum’s (RPL) state-of-the-art refinery is slated for commencement by end-2008 with a capacity of 29mtpa (~580,000bpd), making it the sixth largest plant in the world. The refinery has a Nelson complexity of 14 - much higher than 11.7 for Reliance Industries’ existing plant - and can process heavy crude types up to APIs of 17.

However, the brokerage highlighted that about 8.8 million barrels per day of new refining capacities are expected to come on stream between 2008-2013, particularly in China, India and the Middle East.

Further, growing concerns of an economic slowdown are leading to lower demand for gasoline and petroleum products, which would keep refining margins under pressure.
Religare Hichens has a target price of Rs 97 for RPL, and has an ‘accumulate’ rating on the stock

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7 Reasons for not investing in Reliance SIP+Insure Plan.

1] The type of Insurance is Group Insurance Policy. The cheapest and easiest form of insurance policy available with any insurance company.

2] Only the 1st Holder is insured. So, in case, a couple subscribes to SIP +Insure then only one person can avail of the insurance benefits.

3] The Sum Assured, in case of death is not paid to the nominee, but shall go back to the scheme of the AMC(Reliance Asset Management Company). Remember, the scheme benfits more than the dependents of the deceased in case of death of the holder.

4] Huge exit load of 2% for discontinued SIP. If you agree to pay your SIP for 11 yrs but pay only for 10 long and tiring yrs, still the scheme charges you 2% for the remaining 1 yr which you do not wish to continue.

5] No insurance upto 90 days (exception to it is accident cases only) , i.e 3 months. In case of death within 3 months, except of accidental deaths, the scheme shall not pay the dependents a penny.

6] The dependents will end up paying the scheme 2% back if the death occurs within 3 months due to reasons other than accidental death.

7] Minimum period of investment is 3 yrs and Rs 2,000 for each installment, i.e totalling to Rs 36,000 for Group insurance worth less than 10 lacs.

There are group insurance polices availables at a very low costs, which can be availed of for insurance requirements. Insurance worth of Rs 10 lacs may or may not be sufficient for your entire family’s needs.

The Exit loads are relatively very high even if investor is paying his SIP for a long period, if he discontinues even 1 day prior, he ends up paying 2% Exit loads.

Sunny Side to life :

SIP is also available without this offer.

Source: - Mutual Funds online.

Happy Investing.!

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