March 19th, 2010 by manishmrinu
Today global cues are MIXED
* US Markets closed in GREEN
* Asian markets are Negative
* S&G Nifty down and trading NEAR 5250
* Crude playing in range of 78-83, but in overbought zone. We can see pressure on higher level. (Look crude outlook& call on my another blog http://www.mrinucommodity.blogspot.com/)
* Maximum Metals are down (overall short term trend bearish)
* Dollar index in range and consolidating
( w.mrinucommodity.blogspot.com/”>http://www.mrinucommodity.blogspot.com/)
* Market will open POSITIVE and above 5250. Try to cross 5280 (1st resistance but I think willn’t hold higher level). Try to hold 5230 but it willn’t happen then some sell off. Overall market will play in tight range.
NIFTY MANTRA
Today Support : 5200, 5180
Short Term Support: 5030
Medium Term Support: 4950
Today Resistance: 5280, 5300
Short Term Resistance: 5330, 5350
Medium Term Resistance: 5500
STOCKS MANTRA
BUY OMAX CMP 56.45 TGT 60 SL 52
BUY AISHWARYA TELECOM CMP 20.65 TGT 23, 25 SL 19
BUY GREAVES COTTON CMP 290.55 TGT 300, 312 SL 286
SHORT ULTRATECH CEMENT CMP 1106, TGT 1060, 1040 SL 1125
BUY GEMINI COMM CMP 26.05 TGT 28, 33 SL 22 (DELIVERY CALL)
BUY RAMA NEWS PRINT CMP 20.85 TGT 25, 30 SL 19 (DELIVERY CALL)
BUY ACI INFOCOM CMP 19.95 TGT 22, 24 SL 18 (DELIVERY CALL)
Trading Tips: Use STOP LOSS and CUT LOSSES FAST. Avoid average to loss.
Visit :http://www.mrinumarket.blogspot.com
Regularly Email:
manishmrinu@yahoo.co.inDisclosures: When i am writing this article, author, his clients & dependent family members may have positions or interested in the stocks, market mentioned above. For any trading losses author isn’t responsible. For any legal issues will come in jurisdictions of Mumbai HC. Investing in any equity is risky. Investors should take their own decisions.
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March 18th, 2010 by op agarwal
TRADING STRATEGY FOR 19TH MARCH 2010
(Based on technical by O P AGARWAL)
Markets close firm after late hour rally
The market opened flat yesterday but rebounded after a fall from higher levels in morning trade but failed to sustain and slipped again lower in subsequent session. The market however, rallied smartly in the closing hours after reports that Standard & Poor’s has affirmed its ratings on India and revised its outlook to stable from negative, saying the country’s fiscal position could begin to recover and the economy would remain on a strong growth path. Market participants made stock specific buying as they appeared reluctant to create fresh positions due to lack of positive triggers and pressed sales at higher levels to book profit. The Sensex, which slipped to around 17,418 during mid afternoon, surged to 17,548 during the closing hours and finally ended the day at 17,519, making a paltry gain of 29 points. The Nifty closed the day gaining 14 points at 5245 after making a high of 5255 and a low of 5214. Select banking stocks, which were seen subdued for a better part of the session, rallied in the final hour with substantial gains. Select metal and IT stocks remained in demand and closed the session in the positive. The market as it appears has turned buoyant but readers are advised to wait for the markets to stabilize and watch the trend before building large positions.
NIFTY FUTURE (Last close 5254.15)
The counter after flat opening yesterday moved range bound for the major part of the session except in the closing hours when S & P’s reports affirmed its ratings on India to stable from negative, whereby NF moved swiftly to day’s high at 5263 on buying in front line stocks. The counter appears to be positive on charts but profit taking at higher levels is not ruled out. The NF to retain upward momentum needs to trade and remain above 5267.75 whereby it may move up to 5288/5314. Short term support for the NF exists at 5241.25 which if breached decisively with volumes then NF may slide to 5218/5193/5177
READERS ARE WELCOME TO JOIN FOR EXCLUSIVE INTRA DAY TIPS/CALLS
FOR NIFTY AND F & O STOCKS AT A NOMINAL WEEKLY CHARGE OF 5000/-
THOSE INTERESTED MAY CALL AT MOBILE NO. 09825029446 TO REGISTER.
DCHL FUTUR(Last close 165.70)
The stock after remaining range bound during the past six trading sessions closed yesterday above its short term trend line with moderate volumes. The stock appears positive on charts and may move up to 170/173 once it trades and remains above 167.00. Strong support for the stock exists at 163.25.
DIVI’S LAB FUTURE (Last close 641.10)
The stock smartly recovered in subsequent trading sessions form its Monday low at 615 and closed yesterday above its short term trend line with good volumes. The stock appears positive on charts and may move up to 647/651 once it trades and remains above 642.75. Strong support for the stock exists at 636.50.
VOLTAS FUTURE (Last close 170.85)
The stock after moving range bound during the past few trading sessions closed yesterday above its short term moving average with good volumes. The stock closed with marginal gain over its previous close. The stock may move up to 176/179 once it trades and remains above 172.25. Strong support for the stock exists at 168.25.
DEAR READERS,
PLEASE WATCH THE MARKET TREND AND USE YOUR
OWN DISCRETION BEFORE TAKING A TRADE.
Protect profits with trailing stops and cut losses fast.
Avoid adding contracts in loss making trades
Visit www.bazaarbhavishya.com regularly
Email: opagarwa@gmail.com
Mobile: 09825029446
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won’t be liable or responsible for any legal or financial losses made by anybody.
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March 18th, 2010 by moneyvistas
Source : http://www.moneyvistas.in/
Again stucked in narrow range and short covering in last half hour.
Put call ratio at 1.61 vs 1.56
Markets are heavily over bought.
See the chart here.
Here is FII & DII’s data :
Source:nseindia.com
Till date Fii’s bought 3775 cr in index futures(not in options).
Interesting thing is On 16th break out day Fii’s sold 645 cr in index futures.This suggests they booked profits on rise.
Some stocks showing negative divergence and Those too in overbought conditions.
Coming correction may be swift and easily people will buy it and in no matter of time again we will be at high’s.
Yesterday our resistance level 5246 worked out very well.
For today
Support comes at 5200 and resistance at 5260 and 5290.
Today bank nifty done well
Bank nifty support comes at 9200 and 9150 levels.
Resistance at 9300 and 9400.
Cheers & Best to your trading
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March 18th, 2010 by niftysign
NIFTY OUTLOOK FOR 19/03/2010
===============================
ONCE AGAIN NIFTY MUTED IN THE 5222-5311
ZONE. BIG NEWS OR EVENT NEED TO PULL UP
OR PULL DOWN NIFTY FROM THIS ZONE.
UPTO THAT JUST SHORT NIFTY IN EVERY RISE
WITH MINIMUM STOPLOSS OR PLAY WITH 5300PUT
WITH 10POINT STOPLOSS AND 20POINT TARGET.
ASTRO VIEW
============
MOON SAIL IN ASHVINI(KETHU SAARAM)
UPTO 11.52AM THEN IN BARANI(SUKRAN) UPTO
MARKET CLOSING. THIS IS MESHAM SIGN.
WHICH IS THIRD PLACE FROM GURU ALSO
FIFTH PLACE FROM RAAHU. AS SUKRAN IN
APEX HOME AND SEVVAI IN DECLINE THIS
GIVES US MIXED SIGNALS.
FROM MONDAY(22/10/2010)VOLATITY
MAY RETURN TO MARKET. LONG OR SHORT
DONT STAY IN MARKET WITHOUT HEDGING.
FROM 15TH MARCH SUN SAIL IN MEENAM ALONG
WITH DECLINED PUTHAN AND OPPONENT
SUKRAN. FURTHER VIEWED BY SANI.
CLEAR INDICATION OF NEGATIVE TREND
BY ASTRO. BUT LAST THREE DAYS CLOSING GIVES
POSITIVE SIGNALS. CAUTION PLEASE.
19/03/2010 BIRTH NO.1 FATE NO.7
SEE NARROW RANGE.
COMBINATION OF 1 AND 7 SEE DECLINE
IN VOLUME AND POSITIVE FOR PHARMA.
OUT PERFORMERS FOR 19/03/2010
PHARMA AND IT
UNDER PERFORMERS FOR 19/03/2010
STEEL AND OIL.
LAGNAA TIMES DURING TRADING HOURS
———————————-
OPENING ..to.. 10.00pm MESHAM NEGATIVE
10.00am ..to.. 12.00pm RISHABAM NEUTRAL
12.00pm ..to.. 02.10PM MITHUNAM NEGATIVE
02.10pm ..to.. CLOSING KADAKAM NUETRAL
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.
TECHNICAL VIEW
—————
LAST CLOSE@5246
LAST HIGH@5255 LOW@5214
WEEKLY HIGH@5260 LOW@5092
20DMA@5040
50DMA@5019
200DMA@4810
SUPPORTS FOR 19/03/2010 5200/5155/5111
RESISTANCE FOR 19/03/2010 5266/5288/5311
URGENT REQUEST.. OUR SERVER CONNECTED
========================================
TO THE NO 9025065980 LOCKED TODAY.
CUSTOMERS AND PAID MEMBERS PLEASE SMS
YOUR NAME TO 08144150157.
SORRY FOR IN COVENIANCE. URGENT PLEASE.
ABOUT NIFTYSIGN
————————
WE ARE DETICATED TEAM ANALYSING
NIFTY FUTURE BASED ON TECHNICAL
AND FUNDAMENTAL SIGNALS.
FOR INTRADAY AND WEEKLY SWINGS
WE FOLLOW ASTROPOWER GUIDANCE GIVEN BY
ANCIENT TAMIL SITHTHAR SUVADIS.
WE FOLLOW VAAKKIYAM PANJCHANGAM FOR
ASTRO ANALYSIS.
OUR SERVICE
————-
WE WORK AND PRAY FOR YOUR PRAFITABLE
TRADING. WE ARE SEVING OUR CUSTOMERS
BY GIVING NIFTY FUTURE AND OPTION CALLS
AS INTRADAY, BTST, AND HOLDING.
WE ARE CHARGING ONLY FOR
PROFIT CALLS AS FOLLOWS..
RS.1000 FOR 10 PROFIT CALLS.
RS.2000 FOR 25 PROFIT CALLS.
FOR PAYMENT DETAILS SMS YOUR NAME
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PLEASE VISIT OUR BLOG FOR UPDATES.
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March 18th, 2010 by ASHOK SHARMA
Well the behavior of Indian market today is vindictive of what WE have been saying. Now just re-cap some of the things which will direct the market now on:
• India’s rating upgraded by S&P with upward revision of GDP data
• India’s advance tax numbers are encouraging
• Commodity prices are firming up
• Logistic services are showing revival
• Salary hikes are given after along time
• Stimulus packages are here to stay
• Interest rates are maintained at low for extended period of time
• Risk appetite worldwide is moving towards equity
• Stock market is forgetting bad news in quick time
• Bankrupt institution like GM is coming into black
All this suggest that Bears will spend some more time in exile. As said at the beginning of the year 2010 will be the year of Bulls. But believe me my friends there is no shortcut to success in the share market. As myself is concerned I still hangs the “L” signboard both in the front and rear of my investing vehicle even after driving it smoothly for a period of 22 years. And believe me still I am learning a lesson or two everyday making my belief in the Indian Market stronger and stronger with added conviction.
The best strategy is to Focus on midcap and small caps forgetting about the nifty which should be left alone to cross the hurdle of 5280 convincingly with volume and positive breadth.
WELL my dear investors this is the right time to relook at your portfolio and get rid of junk stocks and arm yourself with some cash as large number of opportunity will come soon in your way.
GOOD NIGHT SWEET DREAMS
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March 18th, 2010 by rajeshjindal swastik
KEEP WATCHING THIS GUY … TRADE ABOVE 303-304 CAN TOUCH 315-320 IN NO TIME ….. 294 AREA CAN ACT AS STOPLOSS .
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STOCKS SLIPING LIKE ANYTHING FROM MANY DAYS ……….. LAST HOPE FOR BULLS IS 1287-1290 AREA IF TAKE SUPORTS THERE THEN WE CAN SEE SOME SMART UPWARD RALLY .
RELIANCE MEDIAWORKS - SOME GOOD RALLY TODAY WITH NICE VOLUME AFTER MANY DAYS IN THIS COUNTER ….. ABOVE 236 WILL ROCK LIKE ANYTHING … WATCH 222 IS AREA AS STOPLOSS .
ABOVE CHARTS AND VIEWS ABOUT STOCKS ARE MY PERSONAL VIEWS AND PURELY TECHNICAL BASED … PLEASE DO YOUR OWN REASEARCH BEFORE INVESTING OR TRADING ON MY TIPS …. FOR JOIN US CONTACT – RAJESHJINDAL_SWASTIK@YAHOO.COM . THANKS .
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March 18th, 2010 by moneyvistas
Source : http://www.moneyvistas.in/
1168 Got resisted successfully and momentum is not weaken yet.
Yesterday s&p made a new high at 1169.84.Now it might test 1175 mark.
Volumes are low and s&p is highly overbought.
Take a look at chart which shows Over bought conditions and behavior after over bought
Markets can remain in overbought conditions when there is no negative news.
Support at 1142 and Resistance at 1168 and 1172.
Cheers & Best to your trading
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March 18th, 2010 by dharmendra ghaghda
NIFTY FUTURES Opened today very flat on the back of global cues @ 5244. It spent the whole day in a very narrow range of only 42 points. It made an intrady low of 5221 and the intraday high was at 5264. It closed the day @ 5256.
The couple of closing above 5200 level is very positive for Nifty Futures. Expect another bout of buying ,once Nifty takes out 5300 area. The minor support now seems to move higher at 5215 – 5200 zone. And on the upside there is stiff resistance at the 5300 area.
Our view on Nifty futures is Buliish. Any Dip should be used as any buying opportunity with the immediate target of 5300 zone. Only a close below the 5150 level will end the short term upside in the Nifty Futures.
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March 18th, 2010 by Satish G
SHORT NIFTY FUT @ 5237 STOP 5259,TARGET 5150/5130
OR BUY NIFTY 5300 PUT AT 79 STOP 68 TGT 150
WWW.APNAWEALTH.COM
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March 18th, 2010 by Praveen Agrawal
Infosys
BUY
Price: Rs2,732 Target: Rs3,200 (Mar’11)
All set for a solid FY11
* Deal signings continue unabated: Our recent channel checks indicate that Infosys has signed 4-5 large deals (each worth US$100mn) in the current quarter. The deals signed are from energy and utilities (2), retail (1), manufacturing (1) and healthcare (1) verticals. The deal signings are significant as a) first quarter of calendar year is slow on deal closure front b) vertical mix is diversified and indicates traction across verticals. Infosys expects to sign two Europe-based telecom operators in the current quarter or early next quarter.
* Deals from New Engagement Model (NEM) gaining traction: Two of the largest deals signed are based on the NEM and are in infrastructure management (US$200mn+ over 5 years based on variable pricing model) and BPO (US$150mn+ based on HRO platform) space. Additionally Shopping Trip 360 (Infosys’ IP based solution in retail vertical) is at pilot/live implementation stage with 9 clients. Increased revenue contribution from NEM can also result in higher margins going forward, in our view.
* Best Marquee client signings in CY09: As per management, CY09 had the highest number of marquee clients wins compared with the last four years. Our channel checks indicate that some of these clients are already ramping up and could contribute significantly to FY11/12 growth. In our view, strong revenue outlook from existing top clients and new marquee wins can result in Infosys significantly outperforming peers.
* Investments in CY09 to payoff in FY11: Front-loaded investments in sales and marketing (sales and marketing headcount up by 50% in 2 years), new geographies (local country heads for France & Germany), verticals (government practice started) and employees (sufficient bench strength,
ahead of competition on salary hike front and 19k offers already made for F⋏) will position Infosys to deliver a superlative F⋏.
* Retain BUY; Infosys is our top pick: We remain positive on the Indian IT sector and prefer large caps (Infosys, TCS and Wipro all rated BUY) over mid caps. Our price target of Rs3,200 is based on 21x FY12 EPS.
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