Advice for – Friday, January 30, 2009

Yesterday: As predicted by us market opened up and has shown good uptrend but ended showing negative index.

 

Today: Indian stock market may go down due to weak global cues and poor earnings but L&T results which is going to be declared today may change the market direction.

 

BSE Sensex: (9236)  The support for the Sensex is 9050 and the resistance to the up move is at 9400.

 

NSE Nifty: (2824)  The support for the Nifty is at 2780 and the resistance to the up move is at 2900.

 

Today’s Pick: Short sell Bajaj-Hind and DLF.

 

Data to watch: L&T Third quarterly results, Global market.

 

Important Note:  As this is the time, to save tax and make better investments, EquityPandit.com is going to publish a complete series of Tax-Saving, where you would find:

 

       How much tax you will have to pay?

       What are various tax exemptions?

       How to save tax?

       What should be the best investment strategy to save tax and better returns?

        

So stay connected with EquityPandit.com and save tax and get better returns.

 

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

 

Advice for – Thursday, January 29, 2009

Today: As predicted by us, Indian stock market went up yesterday and managed to close showing good uptrend. Still today market looks up as today is F&O expiry day and short covering rally may be there.

 

BSE Sensex: (9257) The support for the Sensex is 9100 and the resistance to the up move is at 9350-9420.

 

NSE Nifty: (2850) the support for the Nifty is at 2800 and the resistance to the up move is at 2890-2900.

 

Today’s Pick:

 

       Suzlon Energy for a time frame of three months else stay away from day trading as today is the last date of expiry.

 

 Important data to watch: Global Market, Third quarterly results.

 

Important Note:  As this is the time, to save tax and make better investments, EquityPandit.com is going to publish a complete series of Tax-Saving, where you would find:

 

       How much tax you will have to pay?

       What are various tax exemptions?

       How to save tax?

       What should be the best investment strategy to save tax and better returns?

 

So stay connected with EquityPandit.com and save tax and get better returns.

 

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

 

Advice for – Wednesday, January 28, 2009

Yesterday: As predicted by us, short covering rally lift the Indian stock market and closed above 9000.

 

Today: Indian stock market still looks up and may see some good uptrends. Some more short covering rally may be seen as tomorrow is F&O expiry day. Today is the time to square off all the position and book profits.

 

BSE Sensex: (9004) The target for the Sensex is 9100. The support is at 8845 and the resistance to the up move is at 9200-9250

 

NSE Nifty: (2771) the target for the Nifty is at 2800.The support is at 2770 and the resistance to the up move is at 2810-2830

 

Todays pick: Stay away till this F&O expiry and square off all the positions.

 

Data to watch: Third quarterly results, Global market.

 

Important Note:  As this is the time to save tax and make better investments, EquityPandit.com is going to publish a complete series of Tax-Saving, where you would find:

 

       How much tax you will have to pay?

       What are various tax exemptions?

       How to save tax?

       What should be the best investment strategy to save tax and better returns?

 

 

So stay connected with EquityPandit.com and save tax and get better returns.

 

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

 

Advice for – Tuesday, January 27, 2009

Today: Indian stock market could go up due to last days of F&O but it would be just short covering rally until it crosses 9000 mark.

 

BSE Sensex: (8674) The Sensex would reach 7900 if it breaks 8400 and the resistance to the up move is at 8950-9050

 

NSE Nifty: (2679) the Nifty would reach is at 2500 and the resistance to the up move is at 2750-2800

 

Today’s pick: buy cairn India.

 

Important Data to watch: Global market, Third quarterly results, Reserve Bank of India monetary policy review statement.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Friday, January 23, 2009

Yesterday: The Indian stock market opened weak as predicted but managed to close flat. Third Quarterly results of many big companies were disclosed like Bharti Airtel and Reliance Industries (RIL).  Bharti Airtel showed good profits and its profit jumped to 15.26% as compared Q3 last year.  Reliance Industries net profit was down by 9.8% compared to last year, but still numbers were better than expected.

Today: the market is still weak but ril good result can cause short-covering really. But take some position only when market moves above 9130.

BSE Sensex: (8814) The target for the Sensex is 7800 and the resistance to the up move is at 8950-9080

NSE Nifty: (2714) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2760-2780

Data to Watch: Global Market, Bank Results.

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Thursday, January 22, 2009

Yesterday: Market opened as expected and closed with steep downtrend.

 

Today:  No sign of strength is seen in Indian stock market. The Market will go up in a strong manner only when Sensex crosses 9100. So take a long position at 9150 mark for Sensex and at 2838 mark for Nifty. Today is a crucial day for Indian Stock Market as Airtel and reliance will announce its result. So it is much better to take position after the results have been declared because these results will provide direction to the market for entire month.

 

BSE Sensex: (8779) The target for the Sensex is 7900 and the resistance to the up move is at 8950-9100.

 

NSE Nifty: (2706) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2760-2800.

 

Important Data to Watch: Global Market, Inflation, Results of Airtel and Reliance.

 

Todays pick: Buy HDFC bank around 855 with a target of 934.

 

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

 

Advice for – Wednesday, January 21, 2009

Yesterday: Indian Stock Market opened and closed as predicted in negative.

 

Today : The today’s trading session trend of Indian stock market will decide the future trends. If the market closes negative today, then some down trends would be seen for few upcoming days. And if the market closes in positive today then some uptrend would be seen in upcoming days. Today is the time to just wait and watch the market movement.

 

BSE Sensex: (9100) The support for the Sensex is 8940 and the resistance to the up move is at 9550-9700.

 

NSE Nifty: (2797) the support for the Nifty is at 2700 and the resistance to the up move is at 2875-2920.

 

Today’s Pick:

– Buy RIL when market is down.

 

Important Data to watch: Global market, Third quarterly results of HDFC and BHEL.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Tuesday, January 20, 2009

Yesterday: Indian Stock Market closed as predicted in positive. Although the gain was minimal, the indices were in uptrend.

 

Today : Market may open with some downtrend. President-elect Mr. Barack Obama is going to take oath today, so market would surely react according to global cues. The 9430 mark is very important for sensex, once the market crosses this level market may see some uptrend.

 

BSE Sensex: (9330) The first target for the Sensex is 9430. The support level would be 9200 and the resistance to the up move is at 9530-9700

 

NSE Nifty: (2846) the target for the Nifty is at 2850. The support level would be 2740 and the resistance to the up move is at 2880-2920

 

Today’s Pick:

– Buy RIL when market is down.

– Go short in DLF and India Bulls Real estate

 

Data to watch: Global market, Third quarterly results.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

Advice for – Monday, January 19, 2009

BSE Sensex: (9326)The first target for the Sensex is 9430. The support level would be 9200 and the resistance to the up move is at 9530-9700

 

NSE Nifty: (2828) the target for the Nifty is at 2850. The support level would be 2740 and the resistance to the up move is at 2880-2920

 

Today’s Pick:

– Square off the position in RIL.

– Go short in DLF

 

Data to watch: Global market, Third quarterly results.

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Friday, January 16, 2009

Yesterday: Indian stock market opened with a gap down due to worse global cues as we predicted in the morning. Yesterday market managed to hold on to the psychological support of 9000 levels for sensex.

Today: Indian stock market may be range bound. The clear trend would emerge out today for future references. But according to technical analysis, it is been predicted that no big movement may be seen for 3 months, i.e. market would remain range bound between 8000-10000 levels for sensex.

BSE Sensex: (9047)The target for the Sensex is 8945 and the resistance to the up move is at 9300-9557-9731

 

NSE Nifty: (2737) the target for the Nifty is at 2686 and the resistance to the up move is at 2882-2931

 

Stocks that can be traded on: GVKPIL (GVK Power ltd), Reliance Industries (RIL)

Data to watch: Global market, Quarterly results. These data can retreat market direction.

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Thursday, January 15, 2009

 The Indian stock market unfolded as expected and we saw the 9000 mark holding. It was the short covering that drove the market up…looks like we might see some more upside in the days to come but that may be short lived. It will be opportunity to book profits. So book profits and Long term and midterm investors should wait for some time. Intraday can be done but cautiously.

 

BSE Sensex: (9370)The support level for the Sensex is 9250 and the resistance to the up move is at 9557-9731

 

NSE Nifty: (2835) the support level for the Nifty is at 2775 and the resistance to the up move is at 2882-2931

 

Data to watch: Global market, Quarterly results. These data can retreat market direction.

Stocks that can be traded on: Infosys, Cairn, Rnrl, GMRinfra, Maruti, Reliance Industries.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Wednesday, January 14, 2009

Indian Stock market may go up today, book profits if you can else stay away and just wait and watch for some time. Market seems to be technically down but still market may see uptrend which would be used to book profits. No long term delivery should be done at this level.

 

BSE Sensex: (9071) The support for the Sensex is 8950 and the resistance to the up move is at 9600.

 

NSE Nifty: (2744) the support for the Nifty is at 2685-2400and the resistance to the up move is at 2810.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Tuesday, January 13, 2009

Indian Stock market will further go down so stay away and just wait and watch for some time.

 

BSE Sensex: (9110) The support for the Sensex is 8950 and the resistance to the up move is at 9600.

 

NSE Nifty: (2773) the support for the Nifty is at 2685-2400and the resistance to the up move is at 2810.

 

Data to watch: Infosys result, Global market.

 For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

Advice for – Monday, January 12, 2009

Today: The Indian Stock market still looks down. Market may start with some down trend.

 

BSE Sensex: (9406) The support for the Sensex is 9080 and the resistance to the up move is at 9700.

 

NSE Nifty: (2873) The support for the Nifty is at 2790 and the resistance to the up move is at 2990.

 

Factors to watch out: Corporate Results and IIP numbers.

 

Today’s Pick: Buy GVKPIL on intraday basis.

 

Stay away from F&O as market is very volatile and can move in any direction. Such movement can auto square-off without giving a chance to your broker to inform you to put more money.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Friday, January 09, 2009

Indian stock market was down due to satyam scandal and now there may be more downside trend seen.

 

Buy only if market crosses 9800 unless just wait and watch.

 

BSE Sensex: (9587) The support for the Sensex is 9080 and the resistance to the up move is at 10040

 

NSE Nifty: (2920) the support for the Nifty is at 2795 and the resistance to the up move is at 2990.

 

No trading should be done in margins at this point, stay away from F&O as market is very volatile and can move in any direction. Such movement can auto square-off without giving a chance to your broker to inform you to put more money.

 

But Infosys or TCS shares as the loss in Satyam would definitely see gain in infosys and TCS stock without any doubt and no one can beat Infosys management.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Wednesday, January 07, 2009

Our first target of 10330 mark for sensex has already achieved. Indian stock market will now move in unpredictable manner and thus one should book profit (sell their stocks) at every rise as this move is sustained by government stimulus package.

 

BSE Sensex: (10336)The support for the Sensex is 10100 and the resistance to the up move is at 10700

 

NSE Nifty: (3113) the support for the Nifty is at 3100 and the resistance to the up move is at 3250

 

Today’s pick:- one can go short in DLF, IBRealest.

 

Don’t stay long with your stocks at this time. As market would see some downtrend due to profit booking. So it is the time to trade or sell your stocks.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

Advice for – Tuesday, January 06, 2009

BSE Sensex: (10276) our first target of 10300 is within reach and after that 10700.

 

The support for the Sensex is 10150 and the resistance to the up move is at 10350-10700.

 

NSE Nifty: (3121) the support for the Nifty is at 3080 and the resistance to the up move is at 3200.

 

Market is Up about 9% in January Series so it is much better to book profit and go short @ high levels.

 

Today’s pick: Go short on DLF,GVKPIL, RNRL, SBIN

 

For any queries, thoughts and suggestion use MessageBoard.

 

Advice for – Monday, January 05, 2009

BSE Sensex: The support for the Sensex is 9890 and the resistance to the up move is at 10120-10324.

 

NSE Nifty: (3046) the support for the Nifty is at 2920 and the resistance to the up move is at 3080-3110.

 

Market has got a stimulus package from govt and its effect may be short lived as it is likely to be below market expectations.

 

Due to second stimulus package market will open UP and can book some profit around 3110.

 

Start Trading around 1.00 PM, if Nifty trade above 3070.

Today’s Peak: – Go long in HDFC and short in India bull’s real-Estate.

For any queries, thoughts and suggestion use MessageBoard.

Advice for – Friday, January 02, 2009

Market showed a good uptrend on the occasion of New Year, and we can easily say this as “Happy New Year”.  Inflation can down to 6.38% from 6.61%, again we can say this as “Happy New Year”.

Now the real problem lies in psychological mark of 10000 for Sensex and 3076 for Nifty. Market should be able to breach these levels to move up.

BSE Sensex: (9903) The support for the Sensex is 9890 and the resistance to the up move is at 10120-10324. 

NSE Nifty: (3035) the support for the Nifty is at 2920 and the resistance to the up move is at 3080-3110.

Factors to be watch out: Global market and much awaited second stimulus package.

Today’s Peak:  RNRL, IndiaBulls real-estate and GVKPIL (GVK Power).

 

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Advice for – Thursday, January 01, 2009

 

First of all, EquityPandit.com team wishes you all and your family a very Happy New Year and may this New Year load you up with wealth, prosperity, good health and happiness. In this coming new year, new are the hopes and aspiration, new is the resolution, new are the spirits and forever our warm wishes are for you and your family

 

The Indian stock market has managed to stay above the crucial supports of 9495 and has stayed flat the entire trading session and thus bringing an end to a very bad year for the stock markets. Hope 2009 turns out to be a good trading year.

 

Year 2009 would surely be a better year than 2008 for stock market and investments. But the first few months would be hard. Breaking level for nifty would be 2800, breaching this point would mean that one could again see October 2008 lows. Till than nifty would be range bound. We don’t suggest long or medium term deliveries at this time. Good time for short term deliveries (say a day or two), not a very good time for trading ( in margins or F&O).

 

BSE Sensex: (9647) The support for the Sensex is 9495 and the resistance to the up move is at 9675-9990.

 

NSE Nifty: (2959) the support for the Nifty is at 2900 and the resistance to the up move is at 3035.

 

Factors to be watch out: Inflation and much awaited second stimulus package.

For any queries, suggestion and thoughts, kindly post a comment below.