Wednesday, June 30, 2010

Nifty Levels and Tips for Intraday Trading

Nifty still holding the broad trading range of 5200 to 5350 from few trading sessions. In the upside still 5400 of the major resistance. Closing above this may take up nifty future till the higher level of 5500 in near run. In the downside closing below 5200 may drag it till the lower levels of 5080 to 5100 in near run. For intraday trading we recommend short in nifty future with the stop loss of 5400 for the targets of 5200, 5150.

Tuesday, June 29, 2010

Free Intraday Stock Tips for June 30, 2010

Nifty as expected touched the low of 5236.05 below 5280 levels and now next support seen at 5200 levels. All major technical indicators are giving weak signals so we might see 5200 levels in short term, and on the upside immediate resistance is at 5300 and 5350 levels, there is higher probability of selling on higher levels in next few trading sessions.

Commodity Market News : NSEL IPO

National Spot Exchange Limited (NSEL) is a commodity exchange in India which conducts spot trading in various agricultural and non agricultural commodities. The exchange is a joint venture of Financial Technologies India Ltd.(FTIL) and National Agricultural Co-operative Marketing Federation of India Ltd (NAFED). NSEL is looking to tap the capital market and the long-term objective is to reduce FTIL’s stake to about 26 per centwhich is 99% at present. The company will initially start by shedding 5-10 per cent stake. Finally the objective is to go for an IPO after two years.

The present turnover of the exchange every day is close to Rs 50-60 crore. The exchange is hoping to have a daily turnover of close to Rs 1,500 crore over the next one year by introducing 15 commodities under its newly launched E-series over the next one year. The exchange is hoping at a turnover of at least Rs 100 crore in each of these commodities in the next one year.

The E-series of NSEL is designed to develop a cash segment in commodities for investments by the retail segment in the demat form. The exchange is looking at commodities like steel, copper, nickel, cadmium and aluminum among others.

Monday, June 28, 2010

Today's Technical View on Nifty and Trading Range

Nifty has closed above the immediate resistance at 5328 levels and next hurdle could be 5355 levels any sustained move above 5355 can take nifty towards 5380-5400 levels and closing below 5280 may take it down to 5240 levels in near future. We expect nifty to trade in a range of 5260-5380 in near future.

BSE-Sensex Levels and Range

Sensex facing resistance at 17800 above this it may soon move upto 17850-17900 in near future and has immediate support near 17650 levels and closing below this can take it to 17500-17400 in near future.

Friday, June 25, 2010

Nifty Levels and Trading Tips

Nifty witnessed yet another correction from the higher levels, as we mentioned in our previous reports that one could go for sell on rise until it close above 5400 for the targets of 5250 & 5200. Now in the next week we could expect some more correction in it. In the downside the 5200 would be key support. Closing below this support could slip it till the lower levels of 5115 to 5120 in short term. The short term resistance zone now we could see close to the levels of 5345 to 5350.

Thursday, June 24, 2010

Go for Long in Nifty Futures

Nifty witnessed the volatile sessions back by the f&o expiry. Today it was consolidation close to the level of 5300. Still it is holding the support levels of 5290 to 5300. Closing below this support could drag it till the lower levels of 5200 to 5210 in near term. In the upside the key resistance seems to be around the levels of 5400. We recommend that traders could go for long in nifty future with the intra day stop loss around 5290 for the targets of 5375 to 5380.

Share Market Review and Tips

Indian Market:

Equity benchmarks witnessed consolidation throughout the session on Wednesday, ahead of F&O expiry tomorrow for the month of June. First half of trade was negative with modest losses on weak global cues and even Nifty struggled at 5300 level. However, the Nifty managed to hold 5300 in last couple of hours.

Finance Minister Pranab Mukherjee said on Tuesday he is concerned about double digit inflation but believes it can be tamed by a strong harvest and increased output of key food items.

India's monthly headline inflation could ease to below 10 percent in June from a year ago, the federal government's chief statistician said on Wednesday.

Global Cues:

Asian stocks fell on Wednesday, 23 June 2010, after an unexpected decline in US home sales raised concern about the strength of growth in the world's largest economy. The key benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea, Singapore.

Apple sold its three millionth iPad 80 days after its introduction in the US and just two days before the release of the company's new iPhone 4 for which there have already been 600,000 pre-orders.

Bank of England policy maker Andrew Sentance made the first push for an interest-rate increase in almost two years this month, opening a split among officials on the strength of the economic recovery.

Wednesday, June 23, 2010

Nifty Trading Advice for Thursday June 24, 2010

Nifty witnessed the slight correction today & in the end managed to close above 5300 level. Today one thing was very vital that is the recovery from the support level of 5300 which means that market still holding the up trend & could continue the same trend for a while. One should focus on long side in nifty future above 5400 for the targets of 5500 & 5550. In the intra day trading we might expect the lower levels of 5250 to 5260 if it break again 5300 to 5295.

Tuesday, June 22, 2010

Intraday Trading Tips

Nifty today trade with the negative biasness for the whole day and in the end closed with the modest loss. In the upside the key resistance point for it is 5400. Closing above may rise up till the higher level of 5500 in short term. As now in short term we might expect some range bound movement in market and could correct from the higher levels. So we recommend that if it does not break 5400 then traders could go for sell on rise in it for the target of 5250 to 5260 in intra day.

Today's Market Review

Indian Market:

The 30-share BSE Sensex closed at 17,876.55, up 305.73 points or 1.74% and the 50-share NSE Nifty rose 90.70 points or 1.72% to settle at 5,353.30. , Realty, Bank, Capital Goods, Auto, Power, FMCG and Healthcare indices were up 1-2.66%. Even Midcap and Smallcap indices rose 1.2% each.

Housing Development Finance Corp., India's third-largest lender by market value, is selling 5 billion rupees ($110 million) of five-year bonds.

In a major decision, the government has ended the row over Ulip by promulgating an ordinance on Friday, 18 June 2010, stating that unit linkedinsurance policies with investment component are insurance products which will come under the regulatory jurisdiction of the Insurance Regulatory & Development Authority (Irda) and not the Securities & Exchange Board of India (Sebi).

Global Cues:

Asian stock markets powered higher Monday, 21 June 2010, after the People's Bank of China signaled over the weekend that it would end the yuan's de-facto peg to the US dollar. The Shanghai Composite index was up 0.57% and Hong Kong's Hang Seng was up 2.55%.

European stocks rose for a ninth day, extending the longest rally in 11 months, after China signaled it will relax the yuan's fixed rate to the dollar. Asian shares and U.S. index futures climbed The Stoxx Europe 600 Index climbed 1.3 percent to 258.9.

China's biggest shift in currency policy in almost two years is just one step on the path toward recalibrating the forces needed to drive the world economy into a sustainable expansion.

Monday, June 21, 2010

National Stock Exchange : Nifty Trend & Trading Strategy for tomorrow

Nifty future today continued the upward rally and made the short term resistance breakout in charts. In the end it made the strong closing above the breakouts. Now in nifty future we might expect the strong upside rally from here. The next key hurdle for the market seems to be around 5400 level. Closing above this hurdle could take up the nifty future till the higher level of 5550 in near term. As we had already recommended in our previous reports that one should initiate the longs in nifty future above 5250. Now traders could book some profit here because market may face some resistance close to level of 5400. Those who like to initiate the new longs in nifty future could do above the resistance of 5400.

Saturday, June 19, 2010

Market Review - 19th June, 2010

Indian Market:

Nifty snapped seven-day winning streak and closed marginally lower, dragged by both Reliance groups' stocks post no aggressive plans announced by Mukesh Ambani at Reliance Industries' (RIL) 36th Annual General Meeting (Annual General Meeting).

Telecom, private banking and metal companies' shares were other shares, which put pressure on the markets. However, capital goods, FMCG, technology, PSU banking and select healthcare companies' shares helped the markets.

India's May exports stood at $16.1 billion,.Imports for the month were at $27.4 billion Trade Secretary Rahul Khullar said on Friday, he said, widening the country's trade deficit to $11.3 billion.

Standard Chartered Private Equity plans to invest in three to four Indian companies by the end of this year and sees opportunities in acquisition financing in Asia's third-largest economy.

Global Cues:

Asian markets were trading mixed as gold prices near record high boosted producers of the metal while a weaker dollar dragged down Japanese car makers. The key benchmark indices in Indonesia, China, Singapore, Hong Kong were up by 0.11% to 0.91%.

US markets staged a late comeback on Thursday, to end with modest gains despite a much worse-than-expected reading on manufacturing activity in the Philadelphia area and a pickup in jobless claims. The Dow Jones Industrial Average rose 24.71 points, or 0.2%, to 10434.17.

The dollar may reach 93.50 against Japan's currency should it hold above a so-called support area between 90.97 and 90.85 yen.

Friday, June 18, 2010

Trading Strategy for Next Week in Nifty Futures

Nifty faced the resistance close to the higher level of 5300 today. It was overall the range bound movement with negative bias. Now technically still we are expecting that nifty future is looking strong due to overall holdings of the support levels. One could expect some more upside close to the levels of 5335 to 5350 in near term. In the downside the intraday support seems to be around the levels of 5200 to 5205. We recommend that traders could focus on both side if it break 5300 that they could initiate long in it for the target of 5350 & if it does not break 5300 so they could go for sell on rise in it for the targets of 5210 to 5215 in near term.

Top Share Market News

  • Indian telecoms tower firm Quippo-WTTIL said on Thursday it had signed a five-year multi-million dollar outsourcing deal with IBM. 

  • Arcelor Mittal the world's largest steelmaker, is eyeing a stake in Indian steel and wire producer Ramsarup Industries. 

  • Indian energy major Reliance Industries EL may foray into the healthcare sector by buying a 26 percent stake in hospital chain Fortis Healthcare.

Thursday, June 17, 2010

Best and Sure Shot Nifty Futures Recommendation for next day

Nifty today surpassed the short term resistance of 5250 & also managed to close above it. Now the next crucial resistance would be around 5335. Technically it is making the higher lows pattern on charts & we might expect this upside to continue. We recommend that traders could initiate the longs in nifty future above 5300. Those traders who already has the long position in nifty future could hold it with the stop loss of 5205.

Share Market Review and Trading strategy

Indian Market:

Nifty remained in a consolidation mode for second consecutive day but it closed in a positive terrain for sixth straight day. Global cues were also quite supportive today; Asian markets ended 0.9-1.8% higher.

The Reserve Bank of India (RBI) will continue to exit from its loose monetary policy as the current level of policy instruments is not fully aligned with the state of the economy, a deputy governor was quoted as saying.

IBM said on Tuesday it plans to expand its software and services business by acquiring Coremetrics, a privately held web analytics software company that helps companies improve their marketing.

Cipla Ltd., the Indian drugmaker that built a $1 billion business making generic HIV treatments.

Global Cues:

Asian stocks extended recent gains as a report showing growth in New York manufacturing boosted confidence that a recovery in world's biggest economy will increase corporate earnings. The key benchmark indices in Indonesia, Japan, South Korea, and Singapore were up by between 0.63% to 1.53%.

US markets stocks rallied on Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis. The Dow Jones Industrial Average advanced 2.15% or 213.88 points at 10404.77.

Asian currencies advanced, led by South Korea's won, on optimism data this week will show the global economy is improving, boosting the appetite for emerging- market assets.

Wednesday, June 16, 2010

Intraday Stock Tips : Nifty Futures (for June 17, 2010)

Nifty has yet another positive session and in the managed to close with the modest gain. Overall it was the upside consolidation day for the market. In the upside as we had already mentioned in our reports that 5250 is the crucial resistance. Closing above 5250 could take up the nifty future till the higher levels of 5320 to 5325 in near term. We recommend that traders could initiate longs in nifty future above 5250. If it does not surpass this level then one could go for short in nifty future for the target of 5150 in short term.

Tuesday, June 15, 2010

Technical View on NSE Nifty

Nifty again continue the upward trend and managed to close above 5200 mark. After a flat opening the market turned to weak and initiated the short sellers to initiate fresh selling but soon after the sellings marked up again Huge buying helped the market to cover up the troughs made by the shorts and market closed above 5200 for the first time after six weeks.

The crucial support for the market seems to be 5136-5184 with a resistance of 5250-5310. I recommend that traders should go for long in Nifty Futures above 5240 with the stoploss of 5200.

Be Wise and Practical

There once lived a great mathematician in a village outside Ujjain. He was often called by the local king to advice on matters related to the economy. His reputation had spread as far as Taxila in the North and Kanchi in the South. So it hurt him very much when the village headman told him, "You may be a great mathematician who advises the king on economic matters but your son does not know the value of gold or silver." 

The mathematician called his son and asked, "What is more valuable - gold or silver?" "Gold," said the son. "That is correct. Why is it then that the village headman makes fun of you, claims you do not know the value of gold or silver? He teases me every day. He mocks me before other village elders as a father who neglects his son. This hurts me. I feel everyone in the village is laughing behind my back because you do not know what is more valuable, gold or silver. Explain this to me, son." 

So the son of the mathematician told his father the reason why the village headman carried this impression. "Every day on my way to school, the village headman calls me to his house. There, in front of all village elders, he holds out a silver coin in one hand and a gold coin in other. He asks me to pick up the more valuable coin. I pick the silver coin. He laughs, the elders jeer, everyone makes fun of me. And then I go to school. This happens every day. That is why they tell you I do not know the value of gold or silver." 

The father was confused. His son knew the value of gold and silver, and yet when asked to choose between a gold coin and silver coin always picked the silver coin. "Why don't you pick up the gold coin?" he asked. In response, the son took the father to his room and showed him a box. In the box were at least a hundred silver coins. Turning to his father, the mathematician's son said, "The day I pick up the gold coin the game will stop. They will stop having fun and I will stop making money." 

 I got this story in email sent by my friend Shailesh Thakkar

Monday, June 14, 2010

Nifty : Opening and Closing Levels

Nifty continue the upward rally today & in the end managed to close above 5200 mark. Technically now it is looking that 5250 would be next hurdle for it. Closing above this resistance may take up it till the higher levels of 5315 to 5325 in near the nifty future. We recommend that traders could hold long position for the targets of 5320 to 5325. Those who like to initiate the long position could do above 5250. 

Saturday, June 12, 2010

Nifty CandleStick Formation and Summary

Nifty future on charts from last couple of weeks making the strong candlestick formations & overall addition of volume on higher levels also indicating that this upside could continue for some time.
If we see charts for considerable longer duration then we could realise that it is making higher lows on charts & the overall slopy patterns on upside. The only concern is that it is not making much convincing tops on higher side its almost like flat tops, so it means that on higher sides we again might see some correction. But overall we would recommend that if this time nifty future close above 5250 mark one should focus on long position in nifty future.

Market Review : Indian and Global Share Market

Indian Market:

Equity benchmarks closed above their important psychological levels for the first time this week; the Sensex stayed above 17,000 mark and Nifty above 5100.

India need not quicken the pace of its return to a normal monetary policy, the deputy chairman of the Planning Commission said on Friday, after the country reported faster-than-expected industrial output growth.

The manufacturing sector in April grew 19.4% as against 0.4%, while consumer durables surged to 37% versus 17.6%. The mining sector's growth came in at 11.4% in the month versus 3.4%. There was strong growth in capital goods sector, which rose 72.8% from negative 5.9% on year-on-year basis and the consolidated non-durable jumped 6.6% as against negative 10.5%.

The country's industrial output rose in April at a much faster than expected rate of 17.6% from 13.5%.

Global Cues:

Asian stocks charged ahead on Friday, tracking Wall Street's rally overnight which saw all three major indices gaining nearly 3%. The key benchmark indices in Japan, China, South Korea, Indonesia, Hong Kong, Taiwan and Singapore rose by between 0.64% to 2%.

European and Asian stocks rose after economic reports in China indicated that the recovery will continue.

U.S. stock-index futures rose, with the Standard & Poor's 500 Index poised for its biggest weekly gain in a month, before reports on retail sales and consumer confidence. The Dow Jones Industrial Average jumped 273.28 points, or 2.76% to 10,172.53.

Friday, June 11, 2010

Advice on Nifty Future for Next Week (June 13 to 19, 2010)

Nifty still not crossing the key short term resistance zone of 5200 to 5220, closing above this resistance zone may consider as the indication of trend reversal and we could expect more bounce fom there. As per the current trend of nifty future we could expect that it could hold the trading range of 5000 to 5200 for few trading sessions. We recommend that traders should watch out the level of 5200, if it does not crosses this level one could short for the target of 5000 to 5005 in near term.

Click Here For: Nifty Future Premium Tips

Top News : Share Market

  • Larsen & Toubro, India's top engineering and construction firm, said on Thursday its unit had won orders worth 7.47 billion rupees ($159 million) from customers including Coal India and Hindalco Industries.  

  • The back-office outsourcing arm of Infosys Technologies India's No. 2 software exporter, expects revenue to rise 15-20 percent in this fiscal year to March 2011. 

  • Mahindra & Mahindra, India's top utility vehicle and tractor maker, will start the due diligence on troubled Korean SUV maker Ssangyong Motor.

  • Dish TV board to consider restructuring June 11. 

Thursday, June 10, 2010

Technical Recommendation on nifty 50 (June 11, 2010)

Nifty made the some sought of recovery from the support level close to 5000. Today it made the strong closing with good volume accumulation, so for tomorrow we might expect this upside could be continue & we could expect some more upside from here. In the upside still 5200 to 5220 is the crucial resistance zone for nifty future. So, for tomorrow trading traders could long nifty future for the target of 5200.

Wednesday, June 9, 2010

Technical View on Nifty (June 10, 2010)

Nifty is still not sustaining at higher levels & after every rally it witnessing the profit booking. In the downside still we are expecting more correction from the current levels. We recommend that one could go for sell on rise in nifty future until it made closing above 5200. In the downside 4900 to 4930 is looking the good support base. Closing below this support zone may slide the nifty future till the lower levels of 4700 to 4710 in short term.

Market Review : Stocks Strategy

Indian Market:

Nifty slipped into red in last one hour of trade and closed below an important pschological level of 5000 on back of fall in European markets. The markets were consolidated in the first half of trade after Monday's sharp sell-off.

The 30-share BSE Sensex closed at 16,617.10, down 163.97 points or 0.98% and the 50-share NSE Nifty fell 46.90 points or 0.93% to settle at 4,987.10. The Nifty June futures ended at 22 points discount, as per provisional data.

A good monsoon in India may ease the country's inflationary pressures, allowing the central bank to continue its moderate pace of policy tightening, Deputy Governor Subir Gokarn said today.

Punjab National Bank Ltd. hired four banks to help it borrow $100 million in three-year loans.

Global Cues:

Asian stocks higher on Tuesday after Federal Reserve Chairman Ben Bernanke said the US economic recovery is intact. The key benchmark indices in China, South Korea, Singapore, Japan, Indonesia, Hong Kong rose by between 0.09% to 0.88%. But, Taiwan's Taiwan Weighted fell 0.21%.

European stocks fell for a third day as investors continued to shun the region's assets on concern the sovereign debt crisis will harm economic growth. U.S. futures fluctuated and Asian shares advanced.

US Stocks fell on Monday 7 June 2010, taking S&P 500 to its lowest close in seven months, as industrials and technology shares fell. The Dow Jones Industrial Average lost 115.48 points, or 1.16% to 9,816.49.

European Union governments vowed to police national budgets at an early stage and introduce a wider range of sanctions on excessive deficits to prevent a repeat of the Greece-fueled debt crisis that has undermined the euro.

Tuesday, June 8, 2010

Intraday Stock Tips : Nifty Futures (for June 09, 2010)

Nifty witnessed overall the downside consolidation phase for the first half & in the second half of trading it witnessed some sharp correction. Technically the next support for the nifty future seems to be around the level of 4850. Closing below this support may drag it the nifty future till the lower levels of 4700 to 4710 in near term. We had already recommended that one could go for sell on rise in nifty future. For tomorrow intra day trading traders could initiate the shorts position below the level of 4930 for the targets of 4865 to 4870.

Monday, June 7, 2010

National Stock Exchange : Nifty Trend & Trading Strategy for tomorrow

Nifty made the closing today above 5000 with the negative biased. Today it made the gap down opening & after it just witnessed the range bound movement. We are technically still expecting that market may witness more correction from the current levels. In the downside 4660 to 4700 is looking the key support base for nifty future. We recommend that traders could initiate shorts position in nifty future below 4980 for the targets of 4900 to 4905 for intra day trading.

Saturday, June 5, 2010

New public shareholding norms : Equity Market News

The government has raised the threshold for public shareholding in listed companies with an aim to avoid promoter manipulation and to increase equity participation in markets. All listed companies will now be required to maintain 25% public holding.

All listed entities would have to dilute at least 5 per cent additional equity annually till they reach the threshold limit of 25 per cent. And fulfilment of this condition would be must to remain listed.

The new rules were announced shortly after close of stock market. The BSE benchamrk Sensex, which rose by 95 points today on top of a 450-point rally in past two days, could come under pressure on Monday, analysts said.

For a company seeking listing, it would have to dilute 25 per cent in one go in case the issue size is just up to Rs 4,000 crore. However, those already in the process of going public and have filed draft prospectus could disinvest stipulated 10 per cent and later meet the condition notified today.

The decision on mandatory increase in public exposure of a company to 25 per cent had been hanging fire for more than a year due to differences the market regulator Sebi had with the Finance Ministry.

Friday, June 4, 2010

News which affects index stocks

  • BUDAPEST, Hungary – The spokesman for Hungary's prime minister says the country's economy is in a "grave" situation but that the government is ready to avoid a crisis like the one being faced by Greece.

  • Peter Szijjarto says that a fact-finding panel will present a preliminary report on the state of the economy likely during the weekend, to be followed within 72 hours by a government action plan.

  • Szijjarto says in comments made Friday that despite the crisis, the center-right Fidesz government, which won a landslide in April's elections, plans to keep its campaign promise and implement tax cuts.

  • Hungary received a bailout of 20 billion euros (billion) from the International Monetary Fund and other late in 2008 to help it avoid a default on its loans.

Technical View on Nifty with Free Recommendation for tomorrow

Nifty witnessed the yet another positive session & contniue the upside recovery. Today it managed to break the resistance zone of 5100 to 5110 & also made the closing above it. Now this upside momentum could be continue and one could expect the higher levels of 5200 to 5205 in near term. We recommend long position in nifty future from the current levels for the Target of 5200 with Stop Loss around 5060. 

Thursday, June 3, 2010

BRIC economies to grow fastest in 2010: Morgan Stanley chief

Led by India and China, the BRIC nations are expected to be among the fastest-growing economies this year, a top official of the US-based financial service firm said.

"Our expectation is that the fastest rates of economic growth this year are expected to be in China, India, Brazil and Russia (BRIC)," Morgan Stanley (MS) CEO John Mack said, adding that Russia had to overcome foreign investors' wariness.

In an interview ahead of St Petersburg Economic Forum later this month Mack said: "Russia still has a very strong balance sheet and low overall leverage, which remain key advantages for the country."

"However, it continues to lag in investment due to the volatile macro environment and weak property rights," Mack was quoted as saying by RIA Novosti.

Morgan Stanley Chief, who is scheduled to attend "Rethinking Global Economic Trends" panel at the June 17-19 St Petersburg International Economic Forum said: "We will discuss how the BRIC economies, and in particular Russia, can play an important role in becoming drivers for global economic growth in the medium term."

He said that there were a number of important initiatives that would be discussed at the forum that could help to ensure that Russia remains a destination for global investment and stays on a path to long-term, sustainable growth. 

courtesy:  The Economic Times

Wednesday, June 2, 2010

Nifty Tips and Levels for Trading

Nifty witnessed the overall the highly volatile market session & in the end made some recovery and manged to closed above 5000 mark. Technically still 5100 to 5110 is the short term resistance zone for nifty future. Closing above this resistance range may take up it till the higher levels of 5175 to 5180 in short term. One could hold the shorts position in nifty future until it made closing above 5100.

Tuesday, June 1, 2010

Technical View on Nifty for June 02, 2010

Nifty witnessed the huge correction today and made the closing below 4950. As we had already mentioned in our previous report that one could go for sell on rise in nifty future until it made closing above 5110. Now the nifty could witness more strong correction from the current levels. We recommend short position in nifty future for the targets of 4700. In the upside 5100 to 5110 is the resistance zone for nifty future in short term.

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