Happy Ramadan

Wish you a Happy Ramadan today and this month!

Can Nifty close above 4650?

Tomorrow seems to be a day to short sell Nifty around 4650 level for T-4500-4300 in few days’ time!

Nifty shorts may not be squared until RIL CLOSES above 2320.

Once the big brother RIL starts closing above 2320, better exit Nifty Shorts (because RIL may then test 2500 level) and short again once RIL starts weakening from higher level.

This is only for educational purpose,
this is NOT for trading

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss

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Now Nifty levels to be watched are 4325 and 4240 any side breakout may lead another 100-200 points in the same direction.

Tomorrow Nifty testing 4175 will be first indication of next targets of 4016 3776. There may be hurdle around sentimental mark of 4000.

The stocks mentioned in the morning to watch out for correction were:

RIL, DLF, SBI, RELCAP, RELPOWER

The results were as follow:

RIL – corrected more than 4% and closed more than minus 3.5%

DLF - corrected more than 9% and closed more than minus 7.5%

SBI - corrected more than 1.5% and closed more than plus 1.0% (on expectation of good news for banking sector)

RELCAP - corrected more than 7.5% and closed more than minus 7%

RELPOWER - corrected more than 3% and closed more than plus 6% (on expectation of good news from Reliance group)

This is only for educational purpose,
this is NOT for trading

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss

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.

Nifty Bulls enjoyed an extra mile in last 2 days NOW what?

Nifty Bulls enjoyed an extra mile in last 2 days and now if they can not close in plus today (hopes are mild) they will have to give up atleast until 4180-4150. In case Nifty closes below 4150, may be an indication of bulls coming out and then next correction targets seems to be 4016 3776.

Stocks to watch out correction RIL, DLF, SBI, RELCAP, RELPOWER

.

Nifty Target. Support and Resistance

Today Nifty levels 3336 and 3394 are to be watched for further new long/short positions. Nifty's ultimate target today is 3280 with resistance at 3420

RIL levels 1730 and 1680 are to be watched for further new long/short positions.
DLF levels 245 and 235 are to be watched for further new long/short positions.

Is Nifty going to correct now?

To show any weakness in global market Dow Jones must close below 7850 level or atleast test that level tonight.

Until DJI breaks 7850 on downside, its seems in short term up trend and similary until breaks 3310-3240 on downside, it seems in short term up trend.

Also RIL seems in short term up trend until it breaks 1680 on downside.

Nifty Target. Support and Resistance

Nifty is waiting to break out either side today. The Nifty levels of 3370 and 3330 are to be watched on closing basis to decide next movement.

Neither bulls nor bears seems to be ready to give up their current position. Now the question is who win win?

RIL DLF RCOM are trading such levels that anytime major profit booking can take place.

Where will Nifty go NOW?

What Experts Say and what meaning I take from it !!!

11:55 AM - Buy Reliance Power on dips at Rs 90, says Rajesh Tambe of Sunchan Securities on Zee Business.
BOOK PROFIT TODAY BECAUSE IT WILL COME DOWN NOW

12:18 PM - Buy Mercator Lines on dips at Rs 27-28 with long-term view, says Prakash Gaba, technical analyst, on CNBC Awaaz.
BOOK PROFIT TODAY BECAUSE IT WILL COME DOWN NOW

2:16 PM - Sell Nifty T-3170 SL@ 3320, Hemen Kapadia
DO NOT BUY FRESH NIFTY LONG AND EXIT LONG AT 3170

2:28 PM-Buy RIL T-1722 SL@1662, Hemen Kapadia…. Hit SL but closed @1671
BECAUSE RIL HAS HIT SL(BUY) TODAY SO BOOK PROFIT IN RIL AND SHORT SELL BELOW 1650

2:42PM-Buy SBI T-1194 SL@1134, Hemen Kapadia….. Closed below SL !!!
EXIT SBI LONG POSITIONS

3:17 PM - Buy Nifty futures with a target of 3450 and stop loss of 3150, says Ashwani Gujral
HOLD SHORT/FRESH-SHORT NIFTY BELOW 3150

3:21 PM - Sell Nifty futures with a target of 3170 and stop loss of 3290, says Prakash Gaba
EXIT NIFTY LONG POSITIONS BELOW 3170

3:23 PM - Hold Nifty longs, it has resistance at 3330 and support at 3220, says Rahul Mohindar
EXIT NIFTY LONG BELOW 3220

3:25 PM - Hold existing long positions with target of 3275 and stop loss of 3215, says Vijay Bhambwani
EXIT NIFTY LONG BELOW 3215


The conclusion seems to be Hold Nifty shorts created today with SL@3275 and add more shorts below 3170

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Do Paper Trading before you start trading
with your hard earned money

Nifty Target. Resistance, Support

Today on April 6, Nifty seems to be still in bull run.

Now the question is whether Nifty@3320-3350 and Reliance Industries @1720-1750 will create profit booking and buying on dips or profit booking and also short selling?

Nifty seems to have good support around 3040 as of now.

Nifty Target. Support and Resistance

At the moment bears seems to be caught red handed.

Nifty at 3040, which was resistance, now it has become support.

And now resistance seems to be in the range of 3164-3174 for today on closing basis. Intraday Nifty future may test 3200 to hit bears ultimate stoploss of today !

It may worth to buy Nifty3100PE in the range of 60-63 and holding it for target of 120-240 in this month.

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

April Fool Day

Market made April Fool to many traders today.

Today market opened weak and hit SL@1500 of yesterday's RIL Buy call and then later in day it had hit SL@1580 of RIL sell call@1545 !!

RIL have been dragging market upside

Hangseng Closed negative, DowJones Future was trading negative also FTSE traded negative.

Nifty Target. Support and Resistance

Below 2973 Nifty may test 2933-2924 today.

Is it waiting Big Bro RIL to break 1500 on lower side, with a good volume?

After that will RIL test 1468-1439?

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Let's have some fun

Funny Definitions of some words

• School: A place where Papa pays and Son plays.
• Life Insurance: A contract that keeps you poor all your life so that you can die Rich.
• Nurse: A person who wakes u up to give you sleeping pills.
• Marriage: It's an agreement in which a man loses his bachelor degree and a woman gains her masters.
• Lecture: An art of transferring information from the notes of the Lecturer to the notes of the students without passing through "the minds of either"
• Conference: The confusion of one man multiplied by the number present.
• Compromise: The art of dividing a cake in such a way that everybody believes he got the biggest piece.
• Dictionary: A place where success comes before work.
• Conference Room: A place where everybody talks, nobody listens and everybody disagrees later on.
• Father: A banker provided by nature.
• Criminal: A guy no different from the rest....except that he got caught.
• Boss: Someone who is early when you are late and late when you are early.
• Politician: One who shakes your hand before elections and your confidence after.
• Doctor: A person who kills your ills by pills, and kills you by bills.
• Classic: Books, which people praise, but do not read.
• Smile: A curve that can set a lot of things straight.
• Office: A place where you can relax after your strenuous home life.
• Yawn: The only time some married men ever get to open their mouth.
• Etc.: A sign to make others believe that you know more than you actually do.
• Committee: Individuals who can do nothing individually and sit to decide that nothing can be done together.
• Experience: The name men give to their mistakes.
• Atom Bomb: An invention to end all inventions.

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Million Dollars in a Second

A man was praying to god.

He said, "God?"
God responded, "Yes?"

Man said, "Can I ask a question?"
"Go right ahead", God said.

"God, what is a million years to you?"
God said, "A million years to me is only a second."

The man wondered.

Then he asked, "God, what is a million dollars worth to you?"
God said, "A million dollars to me is a penny."

So the man said, "God can I have a penny?"
God cheerfully said, "Sure!....... just a second."

Nifty Target. Support and Resistance

For 01 Apr 2009

Nifty Resistance :3045-3069
Nifty Support : 2997-2973
Nifty levels 3045 & 2973 may create a good trading volume !

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What market / Nifty did today on Marc 31, 2009?

• In the morning it gave chance to book profit in Fri / Mon Nifty shorts and then gave a chance to buy it and book profit later in the day
• It has hit SL@3040 of Intraday Nifty shorts and then hit SL@3010 of Intraday Nifty Longs.
• The day closing seems to be in favour of Nifty Shorts as it closed below 3040 comfortably and below Nifty Apr Fut average trade value!

Answers of following Questions may decide next course of action :

• Why the Big Bro RIL & Nifty fell drastically just before 3pm today? Although global indicators positive? (RIL & Nifty both gave up about 30 points in last hour)
  
• Why there was panic selling as soon as Nifty came to 3040 (RIL@1540) from upside?
• Why HangSeng also could not hold today's gains as shown in the morning?
• Can this rally continue if DowJones do not close above 7650 tonight?

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Let us check what Market Experts have told today :

• 9:37 AM - Nifty will see resistance at 3040, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz.
• 9:45 AM - Nifty might reach 3100 easily but we are unlikely to see resumption of last week's uptrend, says Sudarshan Sukhani, technical analyst, on CNBC TV18.
• 9:51 AM - Key level of the Nifty for intra-day today would be 3020 and 3025, says Rahul Mohindar, technical analyst, on CNBC TV18.
• 10:11 AM - Sell IFCI with target of Rs 17.75, says Anil Singhvi, market expert, on CNBC Awaaz.
• 10:25 AM - Nifty will range between 2950-3100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. He advises traders to buy at 2950-2970 and sell at 3100 levels.
• 10:45 AM - Buy Tanla Solutions with target of Rs 40, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 28.50, he adds.
  
• 11:20 AM - The market should see a recovery either by day-end or tomorrow led by banking, RIL and Infosys, says Deven Choksey of KR Choksey Securities on CNBC TV18. The Nifty is likely to remain ranged between 2760-3150, he adds.
• 11:28 AM - Buy DLF on dips at around Rs 135-140, says Ambareesh Baliga of Karvy Stock Broking on CNBC TV18.
• 12:54 PM - Buy Reliance on decline with short-term target of Rs 1570 and medium-term target of Rs 1620, says E Mathew, technical analyst, on CNBC TV18. It has support at Rs 1490-1475, he adds.
• 1:23 PM - Buy Dish TV after it crosses Rs 28-29 for the long term for more momentum, says MB Singh, technical analyst, on Zee Business.
• 2:42 PM - Buy RIL with a target of Rs 1605 and stop loss of Rs 1500, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
• 3:17 PM - Go short on Nifty with a target of 2850 and stop loss of 3100, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:17 PM - Maintain Nifty long with a target of 3097 and stop loss below 2975, says Rahul Mohindar, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:23 PM - Sell Sterlite Industries with a target of 330 and stop loss of 360, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Risky Traders R U Ready to Short Sell Nifty?

• The risky traders may watch out now for good opportunity to short sell Nifty Future.
  
• May be only one lot to start with and then add more once you are in profit of 50 points.
  
• Averaging in loss is not good strategy, instead averaging in profit seems to be better strategy.
• Anyone's trading may be wrong at times, sometimes it is better to accept that trade was wrong and book small loss instead of carrying om the burden and waiting for your target to reach.

This is only for educational purpose,
this is NOT a trading idea for intraday or delivery

Think Tank

• Do Paper Trading before you start trading with your hard earned money.
• Instead of Targeting profit, emphasize more on minimizing trade loss

-----------------------------------------------------------

What Experts Said :

• 3:54 PM - Buy Titan Industries with a target of Rs 800-825 and stop loss of Rs 750, says Nitin Murarka of SMC Global, on Zee Business.
• 3:51 PM - Buy Crompton Greaves with a target of Rs 140 and stop loss of Rs 105, says Nishant Jain of Tradeswift, on CNBC Awaaz.
• 3:45 PM - Buy DLF with a target of Rs 178-200-210 and stop loss of Rs 160, says Nitin Murarka of SMC Global, on Zee Business.
• 3:27 PM - Book profits on Nifty longs at 3100-3150, says E Mathew, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:26 PM - Book profits on longs, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
• 3:23 PM - Take long positions in Nifty April futures, says Rajat Bose, technical analyst, on CNBC Awaaz, as closing market strategy. Go long on JP Associates and TTML, he adds.
• 3:14 PM - Nifty downside support is 2850 and upside at 3150 where there could be fresh supply, feels Siddharth Bhamre of Angel Broking on Zee Business. This is not a market to go short, he feels. Do not sell on rises but wait and buy on dips in this market now, he adds.
• 3:10 PM - There is some more steam in this rally with Nifty support at 2700-2800 and Sensex support at 8000, says Ajay Bagga of Deutsche Bank on CNBC Awaaz. This rally could possibly take Nifty to 3200 and Sensex to 11000, he adds. Corporate earnings and elections are the only two domestic event risks for the market now, he feels.
• 2:23 PM - Buy Unitech with a target of Rs 40 and stop loss of Rs 33, says Nitin Murarka of SMC Global, on Zee Business.
• 11:47 AM - Buy Reliance Industries for long position with target of Rs 1750-1760, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 1465, he adds.
• 10:51 AM - Sell Akruti City because it is a volatile stock, says Rahul Mohindar, technical analyst, on CNBC Awaaz.
• 9:32 AM - Nifty is unlikely to remain below 2950 and should cross the 3000 level, says Rajat Bose, technical analyst, on CNBC TV18. It has resistance at 3020 and major resistance at 3080-3110, he adds. He recommends buying on dips.

20 Mar 2009 : What Experts Say

• 4:17 PM - Buy Reliance Power with 7-day targets of Rs 113 and 123, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 96.50, he adds.
• 3:27 PM - Buy India Cement with targets of Rs 113 and 127, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 90, he adds.
• 2:20 PM - Buy ONGC with target of Rs 950-1000, says Sharad Awasthi, market expert, on CNBC Awaaz.
• 1:33 PM - Hold Reliance Industries with a target of Rs 1420 after which it can go to Rs 1670, says Akshita Deshmukh, technical analyst, on CNBC Awaaz.
• 11:50 AM - Hold Reliance Capital with a target of Rs 475 where one can book profits, says Akshita Deshmukh, technical analyst, on CNBC Awaaz.
  

++++++++++++++++++++++++++++++++++++++++++++++++++++

Also following are more recommendations by more Experts :

• Accumulate Hero Honda, target to Rs 1055: Emkay 04:22 PM
• Buy Dr Reddys Labs, target of Rs 581: Angel Broking03:08 PM
• Buy Navneet Publications, target of Rs 59: Sharekhan 01:23 PM

Indian Stock Market

Here are some interesting info...

14 Aug 2008.....4:11 PM - Cairn India has formed a good base around Rs 210-215, it has a target price of Rs 350-375 in 12-24 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 245, up 1.89% on the BSE

14 Aug 2008.....3:20 PM - The downtrend has resumed and Nifty may test 4200, says Rajat Bose, technical analyst, on CNBC-TV18. Excel Crop Care is a good opportunity for the long term, he adds.

14 Aug 2008.....3:15 PM - The market may be subdued today ahead of the long weekend (market closed tomorrow on account of Indian Independence Day), says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. The market is likely to rally next week, once 4600-4650 is crossed Nifty could go to 4800 by this month end, he adds.
14 Aug 2008....10:19 AM - DLF can be a good short now, says Ashwani Gujral, technical analyst, on CNBC-TV18. Level like Rs 475 is possible here now, he adds. It is currently trading at Rs 524.95, down 4.3% on the BSE.

14 Aug 2008.....1:36 PM - RPL looks weak in the short and medium term, but for the long term it has support at Rs 145 and resistance at Rs 170-175, says Nitesh Shah, technical analyst, on Zee Business. The stock is currently trading at Rs 162, down 0.43% on the BSE.

14 Aug 2008.....10:51 AM - Infosys seems to be close to its intermediate bottom now and one can look at buying the stock at Rs 1,550 or so, says Ambareesh Baliga of karvy Stock Broking, on CNBC-TV18. It can go up to Rs 1,850 in the next 2-3 weeks' time, he adds. The stock is currently trading at Rs 1,665.95, up 2.5% on the BSE

13 Aug 2008.....3:57 PM - KS Oils has a target price of Rs 105 if it can cross the resistance of Rs 75 with good volumes, says Amarjeet Singh, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 49.50, he adds. The stock is currently trading at Rs 65, up 9.93% on the BSE

12 Aug 2008....3:57 PM - ICSA India has a price target of Rs 450 in 12 months, says Ashish Maheshwari, technical analyst, on CNBC TV18. The company has an order book of Rs 900 crore to be executed over 12 months, he adds. The stock is currently trading at Rs 348, down 2.28% on the BSE

12 Aug 2008.....11:38 AM- In the next market fall, one can look at buying L&T close to Rs 2,100 and BHEL, close to Rs 1,350, says Sanjeev Agarwal, technical analyst, on Zee Business

11 Aug 2008.....2:31 PM - Reliance Industries continues to be a buy for long-term investors and if one has a 24 month-horizon, one can see the stock go to Rs 5000, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 2316, up 2.91% on the BSE.

11 Aug 2008.....1:18 PM - Dish TV has a target price of Rs 100-125 in 12-18 months, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 37, down 0.66% on the BSE.

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Also these links may be interesting !!!

http://www.moneycontrol.com/india/news/brokerage-trecos/cairn-india-can-test-rs-265-270-gujral/18/16/352017
http://www.moneycontrol.com/india/news/technicals/mkt-may-correct-o-4200-4250-levels-ashwani-gujral/18/16/351896
http://www.moneycontrol.com/india/news/technicals/if-4500-breaks-next-move-will-be-down-sudarshan-sukhani/18/16/351724
http://www.moneycontrol.com/india/news/udayans-comments/global-cuescrude-prices-hold-key-to-mkt-moves/18/01/352080