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Friday, December 31, 2010

Nifty Futures View for New Year 2011


Nifty future saw healthy recovery and closed near to its  resistance  levels. As we previously mentioned that if it sustains above 6100 level it can take more up move. We can see some more up moves till 6250 level, one should adopt the strategy of buy on dips. Resistance for Nifty future is at 6215/6320 and support is at 6100/6062 levels.
                  
RESISTANCE: It has first resistance close to the level of 6215 & above this level the next resistance is seen near the 6320 mark. 
            
SUPPORT: It has first support close to the level of 6100 & below this level the next support is seen near 6062 mark.  
            
Bank nifty broke its long consolidation phase, it is good sign of recovery.  And closed near to its day's high  of 11875. If it sustain above 11875 level  we can see some more up move  till 12050 levels. One should adopt the strategy of buy on dip.  Resistance for bank nifty is at 11927/12050 and support is at 11680/11575.
                  
RESISTANCE: It has first resistance close to the level of 11927 & above this level the next resistance is seen near the 12050 mark. 
            
SUPPORT: It has first support close to the level of 11680 & below this level the next support is seen near 11575 mark. 

Thursday, December 30, 2010

Stock Market Updates

Indian Market:

The Nifty settled above 6050 level for first time since November 15, 2010 and the Sensex added more than 200 points on Wednesday after a big period consolidation.

The FMCG index was at 3,651.12, up by 76.70 points or by 2.15%,Consumer Durables index was at 6,233.17, up by 113.75 points or by 1.86%. The Metal index was at 17,348.57, up by 288.69 points or by 1.69%.and Oil & Gas index was at 10,559.45, down by 48.43 points or by 0.46%.

Citi India is investigating a fraud by one of its Gurgaon branch employee who has allegedly siphoned off around Rs 350 crore from various HNI clients.

Global Cues:

Asian stock markets drifted in a narrow range Wednesday, 29 December 2010 and their gains were limited on disappointing U.S. economic data. The key benchmark indices in Hong Kong, Indonesia, Japan, Singapore and South Korea rose by between 0.17% to 0.57%. But the key benchmark indices in Taiwan and China fell by between 0.09% to 0.19%.

US markets rose in light trading on Tuesday, 2 December 2010 extending December's rally, as cold weather in the Northeast lifted oil prices and energy shares.

U.S. consumer confidence unexpectedly deteriorated in December, while prices of single-family homes fell almost double the expected pace in October.

Wednesday, December 29, 2010

Nifty Prediction for Tomorrow (30th Dec. Thu.)

Nifty future saw healthy recovery after a long consolidation phase and closed on near to its major  resistance level. If it break 6095 level we can see more up move from here. One should take position after proper break out. Resistance for nifty future is at 6150/6180 and support is at 6000/5966.
           
RESISTANCE: It has first resistance close to the level of 6150 and the next resistance is seen near the 6180 mark. 

SUPPORT: It has first support close to the level of 600 and next support level is seen near 5966 mark.  

Bank nifty future saw smart pull back in last trading session but still manages its long consolidation phase. One should take position after proper break out on either side. Resistance for nifty future is at 11735/11865 and support is at 11400 and 11180levels.

RESISTANCE: It has first resistance close to the level of 11735 and the next resistance is seen close to the level of 11865.

SUPPORT: It has immediate support at 11400 marks and next support is seen close to the level of 11180. 

Stock Report

Indian Market:

It was another quiet session for Indian equity benchmarks amid thin volume trade as traders' participation was low due to Christmas Holiday; the Nifty was hovered around 6000 level throughout the day.

30-share BSE Sensex closed at 20025, down 3.5 points and the 50-share NSE Nifty fell just 2 points to settle at 5,996. Even broader indices were lacklustre in trade.

Sugar futures took off at their relaunch on National Commodity and Derivatives Exchange (NCDEX) on Monday, with interest from end-users and institutions pushing volumes near levels seen in 2009 when they last traded.

Global Cues:

Asian stock markets were mixed on Tuesday, 28 December 2010 as investors looked past China's rate hikes and stayed on the sidelines ahead of the release of key U.S. home price data later in the day. The key benchmark indices in China, Hong Kong, Japan and Taiwan fell by between 0.12% to 0.8%. The key benchmark indices in Indonesia, South Korea and Singapore rose by between 0.16% to 0.82%.

US stocks were little changed on Monday, 27 December 2010 as investors shrugged off China's interest rate increases over the weekend. Beijing aims to tame inflation.

Japanese factory output rose for the first time in six months in November and manufacturers expect to boost production in coming months.

Tuesday, December 28, 2010

Nifty Futures Technical View and Levels for 29th Dec. Wed.


Nifty future moved under a tight range in last trading session and ended with flat and negative bias. Nifty future could not manages to sustain at higher level .if Nifty future break 5950 levels it may seen more correction in it .Support for nifty future is at 5948/5900 and resistance is at 6062/6148 levels. One should adopted a strategy of sell at higher level .

RESISTANCE: It has first resistance close to the level of 6062 & above this level the next resistance is seen near the 6148 mark. 

SUPPORT: It has first support close to the level of 5948 & below this level the next support is seen near 5900 mark.  


Bank nifty future moved in tight range from few trading session. If bank nifty future breaks 11400 levels we can see some correction in it till 11200 levels. One could adopt strategy of selling at higher level. Support for bank nifty is at 11400/11250 and resistance is at 11570/11735.
       
RESISTANCE: It has first resistance close to the level of 11570 & above this mark the next resistance is seen close to the level of 11735

SUPPORT: It has immediate support at 11400 marks & below this level the next support is seen close to the level of 11250. 

Stock Market Review and Outlook

Indian Market:

Nifty closed tad below 6000 level, after struggling around same level. Weak global cues weighed on markets in second half of trade,AND closed the session with moderate losses after witnessing a consolidation, led by sell-off in metal, telecom.

Ravi Kumar Distilleries will debut on the bourses today, 27 December 2010. The company had priced its initial public offer (IPO) at Rs 64 each, the top end of the Rs 56-64 price band. The IPO was subscribed 2.22 times.

GMR Infrastructure's subsidiary GMR SEZ & Port Holdings has entered into a share subscription and shareholders agreement to subscribe to 51% of the equity share capital of Kakinada SEZ Private (KSPL). KSPL is in the business of developing port based multi product Special Economic Zone at Kakinada, Andhra Pradesh.

Global Cues:

Asian Markets edged higher on Monday even after China's central bank raised interest rates over the weekend in a bid to rein in soaring inflation. China's key stock index Shanghai Composite jumped 1.31% on Monday after the People's Bank of China announced a benchmark interest rate rise over the weekend, the second such increase in two months. The central bank raised official lending and deposit rates by 25 basis points on Christmas Day.

US index futures indicated that the Dow could fall 44 points at the opening bell on Monday, 27 December 2010. US stock markets were closed on Friday, 24 December 2010.

China's inflation jumped to 5.1% in November -- a 28-month high -- despite a crackdown on speculation and repeated moves to curb a flood of money circulating in the economy from massive stimulus spending and bank lending.

Monday, December 27, 2010

NSE Nifty Tips for 28th Dec. Tuesday


Nifty future could not sustain at higher level and closed near to its today's low .It may see some  more selling pressure in coming trading session .5947 is major support level ,  if it breaks this level we can see some more correction in it   .One should adopt the strategy to sell at higher levels.  

RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 5900 mark. 

SUPPORT: It has first support close to the level of 6094 & below this level the next support is seen near 6148mark.  
Bank nifty saw small correction in last trading session and closed near to its support level .we can see come more correction in it . One can adopt the strategy to go short at higher level until it breaks its 11700 level decisively.

RESISTANCE : It has first resistance close to the level of 11620 & above this mark the next resistance is seen close to the level of 11735.

SUPPORT: It has immediate support at 11345 marks & below this level the next support is seen close to the level of 11180. 

Stock Tips Intraday & Short Term

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Stock Tips for Thursday 30th December


Buy MindTree at/above: 552.25 Targets: 557.86 - 563.78 Stoploss : 546.39

Buy Lupin Ltd. at / above: 473.06 Targets: 478.27 - 483.75 Stoploss : 467.64

Buy Sesa Goa at/above: 325 Targets: 328.35 - 332.89 Stoploss : 319.51

Buy Tata Power Company Ltd. for 1-3 Days at/above: 1350.56 Targets: 1359.08 - 1368.31 Stoploss : 1341.39

Buy Chambal Fertilisers & Chemicals Ltd. for 3 months target: 110

Stock Tips for Wednesday 29th December

Technical View on Telecom Sector Stocks

There are no clear patterns, neither to go short, nor to go long in telecom sector stocks at the moment but if any kind of strength is seen on the charts, you should go on exiting in a staggered manner. I recommend a hold on Bharti because it is trading about a rising trend line. If it trades below Rs 324, then your stop loss gets hit and you should be out of Bharti also. In case of strength, the upside targets are 360 and going forward 376.

Idea is consolidating for quite some time now and any strength around Rs 76-78 should be good exit.

On Friday, Reliance Communications showed strength, then fizzled out yesterday, and is again showing some strength today. But there is no clear pattern confirming any reversal of the downtrend. It is taking resistance at level. If that is surpassed, RComm could move around to Rs 157 levels where you can consider an exit.

Buy Granules India Ltd. at/above: 100 Targets: 102.46 - 105 Stoploss : 97.51

Buy Bajaj Finserv Ltd. at/above: 473.06 Targets: 478.27 - 483.75 Stoploss : 467.64

Buy ARSS Infrastructure Projects Ltd. at/above: 833.76 Targets: 840.57 - 847.84 Stoploss : 826.56

Buy Godrej Consumer Products Ltd. at/above: 380.25 Targets: 384.94 - 388 Stoploss : 375.39

Buy United Spirits Ltd. at/above: 1472.64 Targets: 1481.5 Stoploss : 1463.06

Sell Ashok Leyland Ltd. at/below: 60.06 Targets: 58.16 - 56.27 Stoploss : 62.01

Buy Opto Circuits India Ltd. for 1 Year target: 320

Stock Tips for Tuesday 28th December.

Buy BHEL at / above: 2304 Targets: 2314.85 - 2326.89 Stoploss : 2292.01

Buy KEC International Ltd. at/above: 484 Targets: 489.27 - 494.81 Stoploss : 478.51 [BTST]

Buy Bajaj Auto for 9 days Below: 1445.00 Target: 1474.00 Stop loss: 1425.00

Buy Sarda Energy & Min for 3 months above: 301.00 target: 380.00

Buy Aries Agro for 4 months above: 132.00 target: 152.00

Buy Moil for 6 months above: 450.00 target: 580.00

Friday, December 24, 2010

Nifty Forecast for Next Week (27th - 31st Dec.)

Nifty future saw healthy recovery after a long consolidation phase and closed on near to its major  resistance level, but still moving under 10 days and 50 days moving average. Nifty future manages to sustain above 6050 levels, it may take more up move from there till 6100-6150. One should take long position in it after proper break out.

RESISTANCE: It has first resistance close to the level of 6094 & above this level the next resistance is seen near the 6135 mark. 

SUPPORT: It has first support close to the level of 5977 & below this level the next support is seen near 5900 mark.

Bank nifty future saw smart pull back in last trading session but still manages its long consolidation phase. One should take position after proper break out on either side. 11735 is major resistance level if it manages to sustain above this level it can take more up move from there.
  
RESISTANCE: It has first resistance close to the level of 11735 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT: It has immediate support at 11345 marks & below this level the next support is seen close to the level of 11180.

Stock Market Reports

Indian Market:

Equity benchmarks continued its consolidation on Thursday as well and closed the session on a flat note - indices hovered around just their previous closing values. The Nifty remained in a range of 5970-6005 levels. Sun Pharma was the top gainer with 5% rally while SAIL was biggest loser with loss of 4.66%.

30-share BSE Sensex closed at 19982, with loss of 33 points and the 50-share NSE Nifty declined 4.4 points to settle at 5,890. The broader indices too closed flat with a negative bias.

The Reserve Bank of India urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh government curbed collections and new business.

Global Cues:

Asian stock markets offered a mixed reaction Thursday, 23 December 2010 to news that the US economy grew faster than expected in Q3 September 2010. Trading was light ahead of Christmas holidays and with Japanese financial markets closed for the emperor's birthday. The key benchmark indices in Hong Kong, Singapore and Taiwan rose by between 0.25% to 0.55%.

US stock indices edged up to two-year highs on Wednesday, 22 December 2010, after a government report showed the country's gross domestic product rose at an annual rate of 2.6% between July and September, higher than its earlier estimate of 2.5%. Sales of previously owned US homes rose in November, offering another sign the economy was ending the year on a positive note.

China is willing to help countries in the euro zone return to economic health, a Chinese Foreign Ministry spokeswoman said on Thursday, following a report that Beijing could step in to shore up finances in the beleaguered block.

Thursday, December 23, 2010

Nifty Futures Levels for 24th Dec. Friday

Nifty future continued its consolidation phase and closed on flat note today. If it sustains below 5946 level we can expect more correction in it. One should adopt the strategy of selling at higher levels in it.

RESISTANCE: It has immediate resistance close to the level of 6042 & above this level the next resistance is seen near the 6094 mark.

SUPPORT: It has immediate support close to the level of 5948 & below this level the next support is seen near 5900 mark.

Bank nifty moved under a tight range in last trading session and closed on a flat note. One should adopt the strategy of sell at higher levels until it breaks its 11700 level decisively.

RESISTANCE LEVELS: It has immediate resistance close to the level of 11700 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT: It has immediate support at 11260 mark & below this level the next support is seen close to the level of 11180.

Equity Market Review, Reports: SBI, TCS, Asian Shares and US Stocks

Indian Market:

Equity benchmarks slipped into red in last one and half hours of trade and closed with modest losses.

State Bank of India (SBI) reportedly plans to acquire a second bank in Indonesia and hopes to get 25% of its revenues from its overseas operations in the next three years. In 2006, SBI had acquired Indonesianbank PT Bank Indomonex.

Tata Consultancy Services (TCS) on Wednesday said it has entered into a multi-year agreement to accelerate hospitality firm Hilton Worldwide's technology strategy as part of the ''Hilton Worldwide Innovation Collaborative'' initiative.

Global Cues:

Most Asian shares rose on Wednesday, 22 December 2010 after a $6.3 billion banking deal sent Wall Street to new two-year high overnight. The key benchmark indices in China, Hong Kong, Japan, South Korea, Singapore and Taiwan were up by between 0.04% to 0.46%. But, Indonesia's Jakarta Composite fell 0.05%.

US stocks rose on Tuesday, 21 December 2010, as a big banking deal raised hopes that more acquisitions could be on the way. Toronto-Dominion Bank said on Tuesday it agreed to buy Chrysler Financial, which is owned by Cerberus Capital Management L.P., for about $6.3 billion in cash.

Japan said its exports in November rose 9.1% from a year earlier. It was the 12th consecutive monthly growth.

Wednesday, December 22, 2010

NSE Nifty trend for 23rd Dec. Thursday


Nifty future saw sharp down fall in last trading session. It could not sustain at higher levels. One should adopt the strategy of sell at higher levels. From few trading session Nifty is moving under range of 10 days and 50 days Moving Average, if it manages to sustain above 6095 levels than we might see further up move from there.

RESISTANCE: It has first resistance close to the level of 6040 & above this level nifty's next resistance is seen near the 6093 mark.
      
SUPPORT: It has first support close to the level of 5945 & below this level the next support is seen near 5900 mark. 

Bank nifty Future is not sustaining at higher level . In last trading session we saw a sharp fall in it. One can adopt the strategy to go short at higher level until it breaks its 11700 level decisively. 
      
RESISTANCE- It has first resistance close to the level of 11700 & above this mark the next resistance is seen close to the level of 11850.
      
SUPPORT: It has immediate support at 11260 mark & below this level the next support is seen close to the level of 11180. 

Stock Market Review and Updates 22nd Dec. Wed.

Indian Market:

Nifty closed above the 6,000 - a psychologically important level - for the first time in last 12 sessions, led by financial, metal, realty and select infrastructure companies' shares. The Sensex has seen 20,000 mark today at close for first time in last 24 sessions.

Lanco Infratech Ltd., an Indian energy and infrastructure firm that agreed to buy Australia's Griffin Coal Mining Co., aims to purchase more overseas assets as it seeks to boost power capacity sevenfold by 2015.

Russia and India agreed on Tuesday a long-awaited contract to jointly develop fifth generation fighter aircraft and signed a deal to expand capacity at an Indian nuclear power plant.


Global Cues:

Asian stocks rose as risk appetite improved after tensions eased on the Korean peninsula and on broad overnight gains on Wall Street. The key benchmark indices in Hong Kong, China, Japan, South Korea, Singapore, Taiwan, Malaysia and Indonesia were up by 0.12% to 0.89%.

European stocks climbed, extending a two-year high as China said it took concrete action to help Europe limit its sovereign-debt crisis. U.S. index futures and Asian shares rallied.

Moody's Investor Service warned on Tuesday it may downgrade debt-ridden Portugal's A1 rating by one or two notches after a review that will take up to three months, citing weak growth prospects and high borrowing costs.

Tuesday, December 21, 2010

Intraday Technical View on Nifty Futures


NSE Nifty future opened with gap and  moved in a range, but closed above its psychological resistance level of 6000. If it manages to sustain above 6025 level. We can see some more up move from here. One should go for long position after proper break out. Resistance for bank nifty future is at 6040/6093 and Resistance is at 5945/5900 levels. 

RESISTANCE: It has first resistance close to the level of 6040& after it may face the next resistance close to the level of 6093.

SUPPORT: It has first support close to the level of 5945 & after it may get the next support close to the level of 5900.

Bank nifty future saw smart pull back in last trading session. If it manages to sustain above 11700 level we can see more up move from here. One should take long position only above 11700 level. Resistance for bank nifty is at 11700/11850 and support is at 11491/11260.

RESISTANCE: It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11850.

SUPPORT: It has first support close to the level of 11491 & after it may get the next support close to the level of 11260.

Monday, December 20, 2010

Nifty Futures for 21st Dec. Tuesday

Nifty future opened gap down but saw a smart recovery in second half session. Nifty future closed on flat note. If nifty future manages to sustain above 6000 level we can see some more recovery in it. Resistance for nifty future is at  6021/6095 and support is at 5900/5860. One should take position after proper break out in both the side 
           
RESISTANCE: It has first resistance close to the level of 6021& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5900 & after it may get the next support close to the level of 5860.

Bank nifty future could not sustain at higher level and in last trading session its consolidation phase  continued. If it manages to sustain below 11180 level, we can see some more down fall in it. One should adopt a strategy of sell at higher levels until it breaks the level of 11700, support for bank nifty is at 11180/11045 and resistance is at 11445/11700 levels.

RESISTANCE: It has first resistance close to the level of 11445 & after it may face the next resistance close to the level of 11700.

SUPPORT: IT has first support close to the level of 11180& after it may get the next support close to the level of 11045.

Saturday, December 18, 2010

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NSE Tips for Friday 24th December, 2010



BTST Call Buy Sesa Goa at/above: 310.64 Targets: 314.9 - 319.35 Stoploss : 306.25

Buy Ashok Leyland at/above: 66.01 Targets: 68.02 - 70.1 Stoploss : 64

Buy Mundra Port & Special Economic Zone Ltd. at/above: 147.01 Targets: 149.98 - 153.06 Stoploss : 144

Buy LIC Housing Finance Ltd. at/above: 937.89 Targets: 945.08 - 952.78 Stoploss : 930.25

Buy Pipavav Shipyard Ltd. at/above: 85.56 Targets: 87.84 - 90.2 Stoploss : 83.26

Sell Housing Development & Infrastructure Ltd. at/below: 185.64 Targets: 182.34 - 178.98 Stoploss : 189.06


NSE Tips for Wednesday 22nd Dec., 2010

Buy JSW Steel Ltd. at/above: 1216.26 Targets: 1224.38 - 1233.14 Stoploss : 1207.56

Buy Bhushan Steel Ltd. at/above: 467.64 Targets: 472.82 - 478.27 Stoploss : 462.25

Buy ARSS Infrastructure Projects Ltd. at/above: 805.14 Targets: 811.84 - 818.98 Stoploss : 798.06

Buy Tata Consultancy Services Ltd. at/above: 1164.51 Targets: 1172.47 - 1181.04 Stoploss : 1156

Buy Asian Paints Ltd. at/above: 2916 Targets: 2928.05 - 2941.59 Stoploss : 2902.51

Buy Sun Pharmaceutical Industries Ltd. at/above: 430.56 Targets: 435.54 - 440.77 Stoploss : 425.39

Buy Indiabulls Real Estate Ltd. at/above: 135.14 Targets: 137.99 - 140.94 Stoploss : 132.25


NSE Tips for Monday 20th Dec., 2010

Buy Wipro Ltd. at/above: 474 Targets: 478.27 - 483.75 Stoploss : 467.64

Buy Gujarat State Fertilizer & Chemicals Ltd. (GSFC) at / above: 351.56 Targets: 356.08 - 360.81 Stoploss : 346.89

Buy SAIL at/above: 190 Targets: 192.41 - 195.9 Stoploss : 185.64

BTST call Buy Polaris at/above: 178.89 Targets: 182.15 - 185.54 Stoploss : 175.56

Buy Tata Motors for 1 week at/above: 1350.56 Targets: 1359.08 - 1368.31 Stoploss : 1341.39

Buy M&M for 1 week at/above: 735.76 Targets: 742.19 - 749.01 Stoploss : 729

Read Disclaimer* before investing.

Friday, December 17, 2010

Stock Market Update

Indian Market:

Sensex ended trade on a strong note ahead of a long weekend. After a disastrous fall last week, the Nifty recovered nearly 200 points to end near 5950 level this week. The rally was fueled by RBI's monetary policy, which come out today. The Central Bank kept key policy rates unchanged, which helped boost sentiment of traders and investors in the markets.

BSE IT index was the top gainer in trade today with close to 3% gain. Rate sensitive's like realty, banks and metal stocks too surged in trade post credit policy. All BSE sectoral indices ended in green barring capital goods.

The state government of Uttar Pradesh has reportedly signed agreements with Bajaj Hindusthan and Parekh Aluminex to set up power generation projects with a total capacity of 2,230 megawatt.

Global Cues:

Asian stock markets posted muted gains Thursday, 16 December 2010, amid concerns about Europe's sovereign debt problems. The key benchmark indices in South Korea, Indonesia and Hong Kong fell by between 0.03% to 1.52%. The key benchmark indices in China, Japan, Singapore and Taiwan rose by between 0.02% to 0.34%.

U.S. stocks fell, dragging the Standard & Poor's 500 Index down from a two-year high, after a six-day rally left the benchmark gauge trading at its most expensive level since June and a surge in bond yields fueled concern that borrowing costs will increase.

Ratings agency Moody's warned Spain on Wednesday that its debt could be downgraded and Portugal took steps to revive its economy amid concerns about euro zone debt contagion on the eve of a European Union summit.

Thursday, December 16, 2010

Nifty Futures Trading Strategies for 20th Dec. Monday


Nifty future closed near to its resistance level of 6000, after volatile session . Nifty future manages to sustain above 6025 level we can see some more up move from  here. One should take position after proper break  out .Resistance for nifty future is at 6025/6093 and support is at 5880/5800 levels
            
RESISTANCE: It has first resistance close to the level of 6025& after it may face the next resistance close to the level of 6093.

SUPPORT: It has first support close to the level of 5880 & after it may get the next support close to the level of 5800. 

For Premium Tips in Nifty Futures : - Click Here      

Bank nifty futures saw some recovery after RBI policy and closed near to its days high. Bank nifty futures manages to sustain above 11700 level we can see up move from here. One should take position after proper break out. Resistance for bank nifty futures is at 11700/11860 and support is at 11250/11045 level 

RESISTANCE: It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT: IT has first support close to the level of 11250& after it may get the next support close to the level of 11045. 

Wednesday, December 15, 2010

Today's Stock Market Report

Indian Market:

Nifty ended on a positive note after weak start in the opening bell. The pullback rally which started on Friday further gained strength today. The Nifty is now slowly inching towards 6000 mark after testing lows of 5740 on Friday.

Food inflation slowed to 9.41 percent from 14.1 percent in October. Food prices, which make up 14.34 percent of the index.

India's government may buy more bonds from the market to ease the worst cash crunch in 10 years.

Global Cues:

Asian stocks eked out small gains Tuesday, 14 December 2010 as investors digested news that President Barack Obama's tax-cut package had gained enough votes in the Senate. The key benchmark indices in Hong Kong, Indonesia, Japan, South Korea and Taiwan rose by between 0.01% to 0.29%. The key benchmark indices in China and Singapore fell 0.09% and 0.12% respectively.

U.S. stocks erased gains in the final hour of trading as the Senate started to vote on President Barack Obama's tax-cut agreement with Republicans and investors turned their attention to the Federal Reserve meeting .

Japan's industrial output fell 2.0 percent in October, revised data showed on Tuesday, down for the fifth straight month due to cooling overseas demand.

Tuesday, December 14, 2010

Technical View on Nifty Futures (Wed. 15th dec.)

Nifty future ended in positive note after week start but not able to break 6000 level. Nifty future manages to sustain above 6000 level, we can see some recovery from here. One should take long position in it after proper break out. Resistance for nifty future is at 6020/6095 and it has support at 5895/5800.

RESISTANCE: It has first resistance close to the level of 6020& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5895 & after it may get the next support close to the level of 5800.


Bank nifty future
move under consolidation phase form last few trading session and manages 11700 resistance level. If it sustain above it we can see more up move from hear. One should go for long position above 11700 level. Resistance for bank nifty future is at 11700/11860 and support is at 11295/11045 levels.
           
RESISTANCE:
It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT: IT has first support close to the level of 11295& after it may get the next support close to the level of 11045.

NSE Nifty Closed on a strong note today and other stock market review

Indian Market:

Nifty closed the day on a strong note. The pullback rally which started on Friday further gained momentum today and recovered nearly 200 points in last 2 trading sessions. It seems that Nifty has found a good support around 5700 mark at the moment.

HCL Technologies Ltd said on Friday it has signed a multi-year deal with Brazil's second biggest fashion retailer Lojas Renner to support Oracle systems at the latter's stores.

South Korea's GS Global Corp plans to invest USD 5 million in India's Steel Strips Wheels, less than a month after the Indian firm sold some stake to Japan's Sumitomo Metal Industries a top official at Steel Strips said.
 
Global Cues:

Asian stocks rose on Monday, 13 December 2010, as investors took in their stride China's latest attempt to cool inflation and fresh vows to tackle price pressure, while upbeat US economic data helped shore up the dollar. The key benchmark indices in Hong Kong, Japan, South Korea and Taiwan rose by between 0.13% to 1%. But, the key benchmark indices in Indonesia and South Korea fell by between 0.03% to 0.43%.

U.K. stocks advanced for a third day after China refrained from raising interest rates even as inflation surged at the fastest pace in more than two years.

Euro zone countries must consolidate public finances even though this is likely to dampen economic growth in the near term, the Organisation for Economic Cooperation and Development (OECD) said on Monday.

Monday, December 13, 2010

Nifty Futures Tips for 14th Dec. Tuesday


Nifty future was trading above 5900 with positive bias .We can see smart pull bank after taking support of 5800 level. Nifty future closed near to its resistance level .if nifty future manages to sustain above 5980 level we can see some more up move from here .Resistance for nifty future is at  5980/6050 and support is at 5890/5800 levels.

RESISTANCE: It has first resistance close to the level of 5980 & after it may face the next resistance close to the level of 6050.
           
SUPPORT: It has first support close to the level of 5890 & after it may get the next support close to the level of 5800. 

Bank nifty future move under rang of 11700-11250 from last few trading session. If it manages to sustain above 11700 levels We can see more up move from here .One should take long position above 11700 level .Resistance for bank nifty future is at 11700/11860 and support is at 11400/11275
            
RESISTANCE LEVELS. It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT: IT has first support close to the level of 11400 & after it may get the next support close to the level of 11275. 

Stock Recommendations Today for Tomorrow

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Intraday Stock recommendations for 15th December, Wednesday


Buy Tech Mahindra Ltd. at/above: 676 Targets: 682.17 - 688.71 Stoploss : 669.51

Buy Sesa Goa at/above: 306.25 Targets: 310.48 - 314.9 Stoploss : 301.89

Buy Sterlite Industries (India) Ltd. at/above: 172.26 Targets: 175.47 - 178.8 Stoploss : 169

Buy Power Finance Corporation Ltd. at/above: 333.06 Targets: 337.47 - 342.07 Stoploss : 328.51

Buy Indiabulls Real Estate Ltd. for 2-3 days at/above: 145 Targets: 147 - 149.98 Stoploss : 141.01


Free Stock  Recommendations for 14th Dec. Tuesday

Buy BHEL at/above: 2340.14 Targets: 2351.07 - 2363.2 Stoploss : 2328.06

Buy S Kumars Nationwide Ltd. at/above: 90.25 Targets: 92.59 - 95.01 Stoploss : 87.89

Buy TCS at/above: 1080.76 Targets: 1088.45 - 1096.71 Stoploss : 1072.56

Buy ONGC at/above: 1332.25 Targets: 1340.71 - 1349.88 Stoploss : 1323.14

Buy Ruchi Soya at/above: 97.51 Targets: 99.95 - 102.46 Stoploss : 95.06

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Friday, December 10, 2010

Nifty Futures (Monday 13th, Dec., 2010)

Nifty future has been  short pull back  after taking support of 5748 level, if manages to sustain above 5960 level we can see some more up move from here and in down side if  it manages  to sustain below 5750 level we can see more correction in it. One should take position after proper break out in both the side resistance for nifty future is at 5980/6038 and support is at the level of 5750/5670.
    
Resistance: It has first resistance close to the level of 6094 & after it may face the next resistance close to the level of 6148.
    
Support: It has first support close to the level of 5995 & after it may get the next support close to the level of 5875.

Bank nifty future saw short covering in last trading session  after taking support of 11040 levels. If bank nifty future manages to sustain above 11700 level we can see some more up move from here .one should go for buying above 11700 level .resistance for bank nifty is at 11700/11860 and support is at 11275/11045 levels.
   
Resistance: It has first resistance close to the level of 11700& after it may face the next resistance close to the level of 11860.
    
Support: It has first support close to the level of 11615 & after it may get the next support close to the level of 11700.

Thursday, December 9, 2010

Nifty Futures with Support and Resistance Levels (Friday, 10th Dec., 2010)

Nifty future saw a sharp fall in last trading session and break its psychological support level, closed near to its support level. One should adopt strategy of sell at higher level until it break 6100 level. If nifty future manages to sustain below 5700 level we can see some more correction in it. Support for nifty future is at 5730/5670 and resistance is at 5865/5900levels.

Resistance level:
it has first resistance close to the level of 5865 & after it may face the next resistance close to the level of  5900.

Support level: it has first support close to the level of 5730 & after it may get the next support close to the level of 5670.


Bank nifty future break its major support level of 11440 and closed near to its psychological level of 11100. If bank nifty future manages to sustain below 11000 level we can see some more correction  in it. One should adopt strategy of selling at higher level. Support for bank nifty is at 11075/10930 and resistance is at 11470/11615 levels.

Resistance levels: it has first resistance close to the level of 11470 & after it may face the next resistance close to the level of 11615.

Support levels: it has first support close to the level of 11075 & after it may get the next support close to the level of 10930.

Stock Market Review for Traders

Indian Market:

Benchmark Nifty has fallen for fourth consecutive day and shed more than 100 points in four days; it slipped below 5900 - psychologically important level - during the day but managed to claw back above that level at close. Financials took beating for third straight day today on likely margin squeeze post hike in deposit rates by banks.

Dr Reddy's Laboratories is reportedly in the process of closing its operations in the United Arab Emirates (UAE) and hand over them to GlaxSmithKline as the Indian drugmaker is finding it difficult to sell products in the UAE due to a limited product range.

Akzo Nobel India, Berger Paints India and Shalimar Paints have reportedly increased prices by 2.5% across brands on surging raw material costs.


Global Cues:

Asian stocks fell by the most in two weeks on speculation China will raise interest rates to help stem inflation in the world's fastest growing major economy, curbing demand for commodities.

US stocks eked out a small gain on Tuesday , 7 December 2010, as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.

U.S. government bonds extended sharp losses on Wednesday over U.S. tax proposals, boosting the appeal of the dollar as yields.

Wednesday, December 8, 2010

Nifty next trading session trend and tips

Nifty future saw sharp down fall in last trading session and closed near to its psychological support of 5890 levels. In nifty future, one should adopt strategy of sell at higher level until it breaks 6100 level. If it manages to sustain below 5860 level we can see some more selling pressure in it. Support for nifty future is at 5863/5780 and resistance is at the level of 5980/6040.

Resistance: It has first resistance close to the level of 6094 & after it may face the next resistance close to the level of  6148.

Support: It has first support close to the level of 5995 & after it may get the next support close to the level of 5875.
     
Bank nifty saw a sharp fall from last three days. If bank nifty future sustain below 11440 level we can see some more correction in it. One should take position after proper break out. Support for bank nifty future is at 11440/11005 and resistance is at 11615/11700.

Resistance: It has first resistance close to the level of 11440& after it may face the next resistance close to the level of 11005.

Support: It has first support close to the level of 11615 & after it may get the next support close to the level of 11700.

Stock Market Forecast and Review

Indian Market:

Equity benchmarks closed rangebound session on a flat note. Indices crossed their psychological levels in opening trade but could not hold for rest of the day. Overall the market consolidated for third consecutive session.

Labour Minister Harish Rawat says the government is confident of creating 58 million additional jobs by the end of the 11th Five Year Plan in 2012 thanks to the smart recovery in the farm sector and its resultant impact on the rural economy.

Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Monday urged state-run banks to speed up financial inclusion to reach the people by opening up more Financial Inclusion Resource Centres (FIRCs) across the country.


Global Cues:

Most Asian stocks fell on China rate hike worries. Hong Kong and Chinese stocks dropped early Tuesday after mainland media reportedly said Beijing may increase interest rates again this weekend, with banks and property developers leading the decline.

U.S. stocks fell, snapping a three- day rally in the Standard & Poor's 500 Index, after Federal Reserve Chairman Ben S. Bernanke said the world's largest economy may need more stimulus.

Oil traded near its highest in 26 months ahead of a report forecast to show that U.S. crude stockpiles declined for the first time in three weeks.

Tuesday, December 7, 2010

Intraday Report on Nifty Futures (08th Dec., Wed.)

Nifty future closed in flat note after range bound session .one should adopt  strategy of sell at higher level until it break 6100 level. If nifty future break 5955 level we can see some more selling pressure in it. Support for nifty future is at 5955/5875 and resistance is at 6094/6148 levels.

Resistance: it has first resistance close to the level of 6094 & after it may face the next resistance close to the level of  6148.

Support: It has first support close to the level of 5995 & after it may get the next support close to the level of 5875.
     
Bank nifty saw a sharp fall last two trading session. If it break 11440 level we can see some more correction in it, support for bank nifty future is at 11668/11440 and resistance is at 11955/12100. One should take position after proper break out in both the side.

Resistance: It has first resistance close to the level of 11995 & after it may face the next resistance close to the level of 12100.

Support: It has first support close to the level of 11668 & after it may get the next support close to the level of 11440.

Today's stock market report and news updates

Indian Market:

Nifty was rallied more than 77 points during the day but those gains completely shaved off in late trade due to sell-off in financial, telecom and select healthcare companies' shares.

30-share BSE Sensex closed at 19,981.31, up just 14.38 points over previous closing value, after erasing 236.55 points from day's high of 20,217.86. Even the broader indices ended in red; the BSE Midcap Index was down 0.4% and Smallcap down 0.9%.

France and India on Monday signed a framework contract during President Nicolas Sarkozy's visit to India for the sale of French atomic reactors.

Global Cues:

Most Asian stocks gained on Monday, 6 December 2010, as US stocks on Friday, 3 December 2010, shrugged off weak non-farm payrolls data. The key benchmark indices in China, Hong Kong, Indonesia, Singapore and Taiwan were up by 0.48% to 1.01%. But, the key benchmark indices in Japan and South Korea fell by between 0.19% to 0.3%.

Federal Reserve Chairman Ben Bernanke said US unemployment may take five years to fall to a normal level and that Fed purchases of Treasury securities beyond the $600 billion announced last month are possible.

Euro zone finance ministers meeting on Monday will face pressure to increase the size of a 750 billion euro ($1,006 billion) safety net for crisis-hit members in order to halt contagion in the single currency block.

Monday, December 6, 2010

Nifty Futures Levels for Tomorrow (Tuesday 07th December)

Nifty future saw a positive opening but was not able to sustain at higher levels. If it break 5972 level we can see some more correction in it, one should adopt a strategy for selling on higher levels until it break 6150 levels, support for nifty future is at 5972/5920 and resistance is at 6057/6135.

Resistance levels: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6135.

Support levels: It has first support close to the level of 5972 & after it may get the next support close to the level of 5920.





Bank nifty future saw a sharp fall in last trading session and closed near to its support level. If bank nifty future sustain below 11950 level we can see more correction in it. Support for bank nifty future is at 11940/11668 and resistance is at the levels of 12270/12450.

Resistance levels: It has first resistance close to the level of 11940 & after it may face the next resistance close to the level of 11668.

Support levels:
It has first support close to the level of 12270 & after it may get the next support close to the level of 12450.

Saturday, December 4, 2010

Stock Picks for December 2010

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Free Stock Market Picks for Thursday 09th December, 2010

Buy Punj Lloyd Ltd. at/above: 106 Targets: 110 Stoploss : 103

Buy Essar Oil Ltd. at/above: 132.25 Targets: 135.07 - 137.99 Stoploss : 129.39

Buy GAIL (India) Ltd. at / above: 506.25 Targets: 511.63 - 517.3 Stoploss : 500.64

Buy Maruti Suzuki India Ltd. at/above: 1425.06 Targets: 1433.79 - 1443.27 Stoploss : 1415.64

Buy Graphite India Ltd. for 1-3 days at/above: 100 Targets: 102.46 - 105 Stoploss : 97.51


Stock Picks for Wednesday 08th December, 2010

Buy DLF at/above: 301.89 Targets: 306.09 - 310.48 Stoploss : 297.56

Buy Ranbaxy Laboratories Ltd. at/above: 564.06 Targets: 569.73 - 575.71 Stoploss : 558.14

Buy ACC Ltc. at/above: 1000.14 Targets: 1007.55 - 1015.5 Stoploss : 992.25

Buy HCL Technologies Ltd. at/above: 430.56 Targets: 435.54 - 440.77 Stoploss : 425.39

Sell SBI at/below: 2862.25 Targets: 2850.31 - 2836.98 Stoploss : 2875.64

Stock Picks for Tuesday 07th December, 2010

Buy Infosys Technologies Ltd. at/above: 3150.01 Targets: 3162.48 - 3176.55 Stoploss : 3136

Buy GMR Infrastructure Ltd. at/above: 49 Targets: 50.74 - 52.53 Stoploss : 47.26

Buy Apollo Tyres Ltd. at/above: 68.06 Targets: 70.1 - 72.21 Stoploss : 66.01

Buy Suzlon Energy Ltd. at/above: 52.56 Targets: 54.36 - 56.22 Stoploss : 50.76

Sell Tata Power Company Ltd. at/below: 1287.01 Targets: 1278.7 - 1269.77 Stoploss : 1296

Buy Development Credit Bank Ltd. for 2 years Target: Rs. 72

Stock Picks for Monday 06th December

Buy Renuka Sugars at/above: 92.64 Targets: 95.01 - 97.46 Stoploss : 90.25

Buy Glenmark Pharmaceuticals Ltd. at/above: 375.39 Targets: 380.05 – 384.94 Stoploss : 370.56

Buy M&M at/above: 805.14 Targets: 811.84 - 818.98 Stoploss : 798.06

Buy kingfisher Airlines at/above: 72.25 Targets: 74.35 - 76.52 Stoploss : 70.14

Friday, December 3, 2010

Nifty Futures for 06th Dec. Monday

Nifty future moved under range in last two trading session, but closed near to its resistance level of 6060, if nifty future sustain above 6060 level we can see some more up move to 6150 levels. One should take long position above 6060 level. Support for nifty future is at 5960/5900 and resistance is at 6060/6150.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.

Support: It has first support close to the level of 5960 & after it may get the next support close to the level of 5900.

Bank nifty future we can see some profit booking in last trading trading session but over all trend is bullish if it manages to sustain above 12650 level we can see more up move from here one should go for long position in bank nifty . support for bank nifty is at 12250/12100 and resistance for bank nifty 12590/12670 levels.

Resistance: It has first resistance close to the level of 12590 & after it may face the next resistance close to the level of 12670.

Support: It has first support close to the level of 12250 & after it may get the next support close to the level of 12100.

Share Market Weekly Reports and Review

Indian Markets Review and Report

Equity benchmarks were trying to hold psychologically important levels since morning trade - the Nifty at 6000 and the Sensex at 20000 mark. Oil & gas, financial, metal, technology, realty.

India's merchandise exports rose 21.3% to $18 billion in October 2010 over October 2009, boosting hopes that the country may be able to reach the $200 billion target fixed for the current fiscal.

Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia for its proximity, compared to Australia and Africa.

Global Markets Review and Report

Asian stocks surged on Thursday, 2 December 2010, after improved economic indicators powered big gains on Wall Street and worries eased about Europe's debt problems. The key benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea, Singapore and Taiwan rose by between 0.4% to 1.78%.

Stocks jumped, sending U.S. benchmark indexes to their biggest gains in three months, while the euro and commodities rallied and Treasuries slid amid improving data on the American and Chinese economies and speculation of a larger effort to end Europe's debt crisis.

The European Central Bank is expected to keep unlimited liquidity operations in place for longer with the euro zone debt crisis raging unabated, but is unlikely to announce mass new bond purchases on Thursday.

Thursday, December 2, 2010

Nifty Futures Trend for Friday 03rd Dec.

Nifty future has strong resistance at 6060 and traded in a narrow  range, and closed near to its resistance level, if nifty future sustain above 6060 level we can see some  more up move to  6150 levels. One should take long position above 6060 level . Resistance for nifty future 6060/6150 and support is at 5925/5875.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.
          
Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5875.

Bank nifty future traded in a narrow range and consolidated but overall trend is bullish, bank nifty future closed near to its days high. If  it manages to sustain above 12670 level it can take some more up move from here. Resistance for bank nifty is at 12670/12850 and support is at the level of  12300/12185.

Resistance: It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.
           
Support:
It has first support close to the level of 12185 & after it may get the next support close to the level of 12100.

Share Market News and Review

Indian Market:

Equity benchmarks closed another session on a strong note - the 50-share NSE Nifty held 5950 level at close on Wednesday by rising 98 points. Indices consistently maintained their uptrend this week. Buying nearly in all sectors and positive global cues were the supportive factors for today's rally.

Bharat Heavy Electricals (Bhel) has bagged an order worth Rs 3700 crore to supply the country's first super critical 700-megawatts coal fired unit of Karnataka Power Corporation (KPCL) for its thermal power station (TPS) at Bellary.

Coal India, the world's largest coal miner, is looking at buying over 10 percent in an asset of Australia's Peabody and has ample funds for overseas acquisitions.


Global Cues:

Asian stocks fell on Wednesday, 1 December 2010, as an overnight fall on Wall Street, worries over European debt troubles and geopolitical tensions on the Korean peninsula weighed on sentiment. The key benchmark indices in Singapore , China, Hong Kong, Taiwan fell between 0.04% to 0.29%. The key benchmark indices in South Korea, Japan and Indonesia rose between 0.42% to 1.09%.

European stocks climbed for the first time in four days, rebounding from an eight-week low, as Chinese manufacturing expanded for a fourth straight month. U.S. index futures and Asian shares gained.

The euro zone's debt crisis deepened, with investors pushing the single currency lower and the spreads on peripheral bonds to new highs amid concern weak member states may ultimately be forced to default.

Wednesday, December 1, 2010

Nifty View and Recommendation for 02nd Dec., Thursday

Technical View on Nifty Futures

Nifty future  as expected saw a good  recovery and closed near to its resistance level , we can expected some more up move above 6000 psychological level, if  it manages to sustain above 6000 level we can see next level of 6070 level in short term. One should be long in nifty future till it stays above 5900 levels. Resistance for nifty future is at level of  6027/ 6060 and support is at 5925 /5865.

Resistance: It has first resistance close to the level of 6027 & after it may face the next resistance close to the level of 6060.

Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5865.

Technical View on Bank Nifty Futures

Bank nifty  future saw a recovery from last two trading days and it may continue in next trading day, if it sustains above 12450 level we can see some more up move from here to 12670 levels.  Resistance for  bank nifty future is at 12445/12670 and support is at 12185/12100 levels.

Resistance: It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.

Support: It has first support close to the level of 12185 & after it may get the next support close to the level of 12100.

Report on Indian and Global Stock Market

Indian Market:

30-share BSE Sensex closed at 19,521.25, up 116.15 points or 0.60%, after seeing recovery of 303.23 points from day's low of 19,218.02. The broader indices outperformed benchmarks; BSE Midcap Index was up 1.4% and Smallcap up 1.9%.

The RBI has also further eased Statutory Liquidity Ratio (SLR) requirements as a temporary measure. Banks can now maintain a lower SLR that is two percentage points less than the current requirement. Earlier, they were allowed a one percentage point relief.

Telecom value-added services provider One97 Communications Ltd has delayed its initial public offering by about two weeks due to the current market volatility.

Global Cues:


Most Asian markets were trading lower today, 30 November 2010, on lingering concerns Europe's debt crisis may spread. The key benchmark indices in Indonesia, Singapore, Hong Kong, Japan and China fell by between 0.19% and 0.93%. But, the key benchmark indices in South Korea and Taiwan were up 1.07% and 0.90% respectively.

The U.S. government said on Monday it deeply regretted the release of any classified information and would tighten security to prevent leaks such as WikiLeaks' disclosure of a trove of State Department cables.

Portugal's banks
may face an "intolerable risk" if the country fails to consolidate its public finances, the Bank of Portugal warned on Tuesday
 
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