Advice for – Friday, February 27, 2009

Yesterday: As we said, Indian Stock Market didn’t show any movements due to last day of F&O but closed positive by 50 points.

 

Today: Market has not shown any sign of strength so far and every high must be capped by shorts.

 

BSE Sensex: (8843) The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157

 

NSE Nifty: (2786) the support for the Nifty is at 2730-2685 and the resistance to the up move is at 2824

.

 

Today’s Pick:

 

          Sell L&T around 622 with a intraday target of 615-612

          Sell BHEL around 1430-1435 with a intra day target of 1418-1415

 

 

Profit booked through our yesterday picks:

          Cairn India might have given a profit of Rs 3 per share.

          HDFC didn’t reach our entry price, so trade was not executed.

Advice for – Thursday, February 26, 2009

Yesterday: As we said, Indian Stock Market didn’t go up much despite other markets were up by 2-3%, and the same happened in yesterday’s trading session.

 

Today: Today also Indian Stock Market won’t see much movement unless RBI announce rate cut. But we may get strong opportunities for short if nifty reach the level of 2790-2800.

 

BSE Sensex: (8843) The support for the Sensex is 8600 and the resistance to the up move is at 9000.

 

NSE Nifty: (2736) the support for the Nifty is at 2680 and the resistance to the up move is at 2800-2810.

 

Today’s Pick:

 

          Buy HDFC (1254) for delivery for a two month target of 1350-1400.

          We strongly recommend to buy Cairn India as chart shows possibilities of solid upside and we revised our one month target from 170 to 175 as our team believes that crude is bottomed out and there won’t be any big fall in the price of crude.

 

 

Profit booked through our yesterday picks:

 

As we suggested buying

          L&T at 628 for intraday, it might have given profit of about 20 Rs per share.

          ICICI Bank didn’t reach our entry price of 338.

          Reliance Industries at 1263 for intraday, it might have given profit of 18 Rs per share.

          Reliance Capital at 376 for intraday, entry price was not reached so no trading in this stock.

 

So Stay connected and Keep visiting EquityPandit.com to book handsome profits in Stock Market.

 

 

 

Advice for – Wednesday, February 25, 2009

Yesterday: As predicted market opened with negative trend and gradually started to see some short covering rally and ended flat.

 

Today: Indian Stock Market will see some more short covering rally as F&O expiry date is approaching. But don’t expect much upside trend, so profit booking should be done at every up move till this expiry.

 

BSE Sensex: (8843): The support for the Sensex is 8600 and the resistance to the up move is at 9000.

 

NSE Nifty: (2736) the support for the Nifty is at 2680 and the resistance to the up move is at 2800.

 

Today’s Picks:

 

Buy Lnt 628 with intraday

Buy ICICI @ 338 intraday

Buy RIL @ 1263 for intraday

Buy Relcapital @ 376 for intraday

 

 

 

Profit booked through our yesterday picks:

 

As we suggested buying

          Reliance at Rs 1210 and it must have given profit of 40 Rs on one share.   

          SBI at 996 and it reached the same level it must have given a profit of Rs 30 per share

          Cairn India at Rs 149 and it must have given profit of Rs 7-8 per share.

          ICICI Bank at Rs 315 and it must have given profit of Rs 7 per share.

 

So Stay connected and Keep visiting EquityPandit.com to book handsome profits in Stock Market

 

 

 

Advice for – Tuesday, February 24, 2009

Last Week: Indian Stock Market saw losing streak last weak. Through out the week it remained negative and Sensex lost 8.2% last week. The Interim Budget which was declared last week was not favorable for the market which pushed market down. All Global Financial market was also down.

 

Today: The Indian Stock Market still looks weak as US market closed @ 1997 level. But as F&O expiry is approaching, at every fall there will be short covering pullback. Also historically data shows that market had always rallied 10-15% before election called as pre-election rally.

 

BSE Sensex: (8843) The support for the Sensex is 8600 and the resistance to the up move is at 8900.

 

NSE Nifty: (2736) the support for the Nifty is at 2680 and the resistance to the up move is at 2800.

 

Today’s Pick:

 

Buy ICICI bank (CMP: 335.85) @ 315 with a intraday target of 319-322.

Buy Cairn India on delivery (CMP: 152) @ 149 with a one month target of 170-175.

Buy SBI bank on delivery (CMP: 1045) @ a strong support of 1030-996 with a one month target of 1100.

 

 

Advice for – Friday, February 20, 2009

Yesterday: As predicted by EquityPandit.com, Indian Stock Market traded in narrow range, neither much high nor much low.

 

Today: Indian Stock Market still trade in narrow range. Yesterday Dow broke its physiological support of 7500 and sitting on its final technical support of 7461 so still the market would be directionless but it will trade in negative zone only. The Sensex is trading between two crucial points of 9115 and 8975, if any of these levels is breached, the direction would continue in that side itself.

 

BSE Sensex: (9043) The support for the Sensex is 8870 and the resistance to the up move is at 9450.

 

NSE Nifty: (2789) the support for the Nifty is at 2730 and the resistance to the up move is at 2810-2900.

 

Today’s Pick:

– Short RIL, DLF, HDIL

– Buy Cairn India on delivery

 

Important Note: See EquityPandit.com analysis for Indian Stock Market direction Analysis: Indian Stock Market direction .

 

 

Advice for – Thursday, February 19, 2009

 

Yesterday: Indian stock market saw negative trend throughout the day and was able to end flat with minute negative trend.

 

Today: Indian stock market looks weak right now and will see sideways movements, not much high and not much low as Dow Jones still hold its 7500 level. 

 

BSE Sensex: (9015) The support for the Sensex is 8870. If this support is breached than Sensex would surely see 8500 mark in coming days and the resistance to the up move is at 9450.

 

NSE Nifty: (2776) the support for the Nifty is at 2730 and the resistance to the up move is at 2900.

 

Today’s pick: Buy RIL on margin trading

 

Data to watch: Global Market

 

Important Note: See EquityPandit.com analysis for Indian Stock Market direction Analysis Indian Stock Market direction .

 

Advice for – Wednesday, February 18, 2009

 

Yesterday: As we predicted beforehand market saw negative trend throughout the day.

 

Today: Indian stock market has no sign of strength and still looks down. Sensex will see some support at 8950 mark and Nifty at 2750. If this mark is breached market would see negative rally and can again see 8000 level for Sensex and 2500 level for Nifty. Some short selling can be done with caution.

 

BSE Sensex: (9035) The support for the Sensex is 8950 and the resistance to the up move is at 9260.

 

NSE Nifty: (2771) the support for the Nifty is at 2750-2730 and the resistance to the up move is at 2950.

 

Important data to watch: Global market.

 

Today’s Pick: Buy RIL at 1230 and sell at 1240.

 

Important Note: Gold also crossed Rs 15000 for 10 grams Yesterday (Tuesday, February 17, 2009) as it was predicted by EquityPandit.com on February 14, 2009 in our Post Investing in gold safest bet. So Stay connected and keep visiting to book profits.

 

 

Advice for – Tuesday, February 17, 2009

Yesterday: Indian stock market closed in negative. As predicted, Bad budget tumbled the market downside. But hope we all were at safe side as this caution was predicted beforehand and no trading was to be done before the Interim budget announcements. The most affected sector was the banking sector.

 

Today: The Indian Stock Market is still showing bearish sign and on it global market cues are putting oil in fire. The worse global market cues will also put is effect on Indian stock market as the Global market is down for the day. Market may see some downtrend so it is the time to wait and watch. Market can retest a negative rally.

 

BSE Sensex: (9305): The support for the Sensex is 9180-9050 and the resistance to the up move is at 9450.

 

NSE Nifty: (2849) the support for the Nifty is at 2800-2770 and the resistance to the up move is at 2895.

 

Data to watch: Global market.

 

Advice for – Monday, February 16, 2009

Last week: Indian stock market saw some positive rise due to expectation of some kind of stimulus package in Interim budget that is going to be delivered today. Market saw rise of 3.6 % for the last week.

 

Today: Indian stock Market is predicted to see some uptrend as all eyes in the market are on the interim budget that is going to be delivered today. This year Interim budget is expected to see some better outputs as this is the year of Elections. Expectations have already built up for some sector specific measures that are likely to be announced and some sectors already have shown strength e.g. metals etc. The market is expected to have a direction for the short-term at least from the interim budget. The RBI is also expected to cut rates very soon and if it comes in the coming week, it would be one positive factor for the market. The inflation is also expected to fall further.

 

Caution: But before Interim budget is declared no trading should be done as bad budget can reverse the market trend.

 

BSE Sensex: (9635) The support for sensex is 9450 and resistance to move up is 9825.

 

NSE Nifty: (2948) The support for Nifty is 2900 and resistance to move up is 3000.

 

Important data to watch: Interim Budget, Global market.

 

Today’s Pick: Swing trading (for a day or two to book profits) can be done in RIL and L&T.

 

 

Advice for – Friday, February 13, 2009

Yesterday: Indian stock market went down due to frustrating IIP numbers as predicted. But any how Market managed to close above support of 9400 for sensex and 2850 for Nifty.

 

Today: Still Indian stock market looks positive and one can go for swing trading for a period of three to four days. Market may still see uptrend until if don’t breach the level of 2800 for Nifty. Some kind of profit booking may be seen at higher levels which can pull market down. So profit booking should be done at every uptrend in the market.

 

BSE Sensex: (9466) The support for the Sensex is 9400 and the resistance to the up move is at 9850.

 

NSE Nifty: (2893) the support for the Nifty is at 2850 and the resistance to the up move is at 2950.

 

Data to watch: Rail Budget.

 

Today’s pick: Go for swing trading in Reliance capital. (For couple of days)

 

Advice for – Thursday, February 12, 2009

Yesteday: As predicted by us, Indian stock market opened with a down gap and managed to end flat with minute negative trend.

 

Today: Today is a make or break day for the Indian stock market. As IIP numbers & Inflation will be declared. That can turn around the market directional in either direction whatever the global situation may be so we recommend to stay away till those numbers are declared. Inflation is assumed to go down as compared to last week because of fuel price cut.

 

Indian stock market still market looks up. Market would surely react to global cues. Dow Jones ended with positive trend which is a plus point to Indian stock market.

 

BSE Sensex: (9619) The support for the Sensex is 9500 and the resistance to the up move is at 9850.

 

NSE Nifty: (2924) the support for the Nifty is at 2900 and the resistance to the up move is at 2995.

 

Important data to watch: Inflation, IIP numbers.

 

Today’s Tip: Go Long in Relcapital.

Advice for – Wednesday, February 11, 2009

Yesteday: As we predicted yesterday, Market would open positive but no one should trust this up move, market reacted in same way yesterday. Indian stock market started with uptrend and lost almost 150 points from its high but still manage to close positive.

 

Today: Indian stock market still looks good until it breach first level of 9220 for Sensex. Market may see some downtrend as US bank rescue plan was delayed and due to worse global cues. But overall market would be up for this week. Profit booking should be done at every up move in the market.

 

BSE Sensex: (9648) The support for the Sensex is 9500 and the resistance to the up move is at 9850.

 

NSE Nifty: (2935) the support for the Nifty is at 2900 and the resistance to the up move is at 3000.

 

Today’s Pick: Go short in Cairn India, Aban Offshore

 

 

Advice for – Tuesday, February 10, 2009

Yesterday: As we predicted beforehand market opened up and remained positive throughout the day.

 

Today: Indian stock market looks up but still we feel that this is the time to book profits and wait for market to again come down.

 

BSE Sensex: (9583) The support for the Sensex is 9400 and the resistance to the up move is at 9900.

 

NSE Nifty: (2920) the support for the Nifty is at 2900 and the resistance to the up move is at 2950.

 

Important data to watch: US stimulus voting today and Global market

 

Today’s Pick: Go long in RIL, GVKPIL

 

Advice for – Monday, February 09, 2009

Last Week: Indian stock markets remained choppy and range bound between 9035 and 9350 for Sensex through out the last week ended on February 6, 2009.

 

Today: The direction of Indian stock market is range bound and not clear at this point but some strength might be seen in the market as this week may give lot of surprises and cheers. For more details go to our post market will display strength this week.

  

BSE Sensex: (9301): The support for the Sensex is 9250 and the resistance to the up move is at 9400.

 

NSE Nifty: (2843) the support for the Nifty is at 2700 and the resistance to the up move is at 2900.

 

Today’s Pick: Go long in JSW Steel.

 

Advice for – Friday, February 06, 2009

Yesterday: As we predicted strong support was seen at 9035 and 9000 levels for sensex. Indian stock market opened with uptrend as already predicted beforehand and was seen range bound between our predicted support and resistance levels.

 

Today: It is tough to trade in this market so if you are trader its time to stay away from the market and watch the direction of the market, the market is still down and FIIs are also booking profits daily. Market would remain range bound only so go long only when it crosses 9400.

 

BSE Sensex: (9091)The support for the Sensex is 9000 and the resistance to the up move is at 9400.

 

NSE Nifty: (2780) the support for the Nifty is at 2700 and the resistance to the up move is at 2850.

 

Today’s pick: Go short in Ispat ind

 

Data to watch: Vote on US stimulus package, Indian third stimulus package.

 

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

 

 

Advice for – Thursday, February 05, 2009

Yesterday: As we predicted strong support was seen at 9035 and 9000 levels for sensex. Indian stock market opened with uptrend as already predicted beforehand and managed to close with positive index.

 

Today: Indian stock market looks weak now as profit booking occurs at every higher level of market. Market is direction less today and can move in any direction considering support and resistance levels as constraints. However, nifty managed to close above 2800, which may be good for the market.

 

BSE Sensex: (9202) The support for the Sensex is 9000 and the resistance to the up move is at 9400.

 

NSE Nifty: (2803) The support for the Nifty is at 2700 and the resistance to the up move is at 2850.

 

Data to watch: 

       Inflation

       Hope for anther stimulus in India

       Global market

 

 

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

 

 

 

 

Advice for – Wednesday, February 04, 2009

Yesterday: As we predicted, the Indian stock market started down and continued down till the first session and a strong support was seen at level 9040 for sensex. It bounced back from the predicted support level and was able to end with some uptrend.

 

Today: Indian stock market looks up and strong until it breaks 9000 mark for sensex, some support would be seen at 9035 level for sensex but a strong support stays at 9000 level for sensex.

 

BSE Sensex: (9160) The support for the Sensex is 9000 and the resistance to the up move is at 9400

 

NSE Nifty: (2767) the support for the Nifty is at 2700 and the resistance to the up move is at 2800

 

Today’s pick: Go short in RELCAPITAL @ every higher level.

 

Data to watch: Global market cues, some third quarterly results.

 

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

 

 

Advice for – Tuesday, February 03, 2009

Yesterday: As predicted by us market reacted to global cues and was down throughout the day. Unitech and DLF results also came under expected, which made market to fall steeply.

 

Today: Indian stock market would react to global cues. Market can still see some uptrend until it breaks 9000 mark of sensex. So its been suggested to trade cautiously and stay away from market until it move in +/ 100 mark from current level of sensex (i.e. 9150 for sensex at upper level or 8990 at lower level for sensex).

 

BSE Sensex: (9067) The support for the Sensex is 9000 and the resistance to the up move is at 9250.

 

NSE Nifty: (2767) the support for the Nifty is at 2700 and the resistance to the up move is at 2800.

 

Today’s Pick:  GVKPIL for the time of three month.

 

 

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

 

Advice for – Monday, February 02, 2009

Today: Indian stock market may react positive due to reliance-rnrl news but every upmove will be trapped by selling pressure. Obama is ready with another bailout package, which can again give small bounce to the market. Overall market trend is still negative, so book your profit at every uptrend in the market.

 

BSE Sensex: (9424) The support for the Sensex is 8300-9150 and the resistance to the up move is at 9600.

 

NSE Nifty: (2875) The support for the Nifty is at 2800 and the resistance to the up move is at 2900.

 

Today’s pick: Buy chambal Fert.

 

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