Advice for – Tuesday, March 31, 2009

Yesterday: As we predicted earlier and warned our readers and members, Indian Stock Market saw a sharp downfall of 480 points for Sensex and 130 points for Nifty.

Today: Market Still looks rangebound until it it breaches the support level of 2900 for Nifty. Still there is some time to book profits for those who are sitting with stocks else you would not get any chance. Indian stock Market would go down sharply only if it breaches the support level of 2900 for Nifty. Until that you may see surprises any time.

BSE Sensex: (9568) The support for the Sensex is 9330 and the resistance to the up move is at 9900.

NSE Nifty: (2978) The support for the Nifty is at 2900 and the resistance to the up move is at 3050.

Advice for-Monday, March 30, 2009

Last Week: Indian Stock Market saw 12% of upmove last week. Other Global financial markets were also up for the week. For more details Review of Last Week ended Friday, March 27, 2009

 

Today: Indian stock market still looks up but surprises can be seen as it is near to major resistance levels.

 

Also Read: Don’t invest before Nifty breach 3150: EquityPandit.com

 

BSE Sensex (10048.49): The support for sensex is at 9850-9800 and a major resistance would be seen at 10500.

 

NSE Nifty (3108.65): The support for Nifty is at 2950-2900 and a major resistance would be seen at 3150-3200.

 

 

Advice for – Friday, March 27, 2009

Yesterday: Indian Stock Market went up sharply and was able to cross its first major resistance level of 10000.

 

Today: Now Indian Stock Market still looks up but technically the market is overbought and We won’t prefer any long position or delivery in this market, may be intraday trading is the best option but with caution.

 

Also Read: Analysis: EquityPandit.com suggests to trade with caution !

 

BSE Sensex: (10003) The support for the Sensex is 9900 and the resistance to the up move is at 10190-10500.

 

NSE Nifty: (3082) The support for the Nifty is at 3000 and the resistance to the up move is at 3150-3130.

 

 

Advice for – Thursday, March 26, 2009

Yesterday: well yesterday market made surprise move n close 195pts up even all the indices looks week but it was almost a reliance day.

Today: Indian Stock Market still looks up n may break the level of 3050 on nifty.

BSE Sensex: (9668)The support for the Sensex is 9500 and the resistance to the up move is at 9800-9900

NSE Nifty: (2984) the support for the Nifty is at 2950 and the resistance to the up move is at 3050-3100

Data to be watch-out: Inflation data,Global market

Advice for – Wednesday, March 25, 2009

Yesterday: As predicted by EquityPandit.com, Indian Stock Market lost all its gain and closed with a marginal gain due to profit booking.

 

Today: Still we are expecting more profit booking as F&O expiry is near. So Indian Stock Market may see downtrend today, so trade with caution as market may show surprises any time.

 

BSE Sensex: (9471) The support for the Sensex is 9100 and the resistance to the up move is at 9650-9700-9500.

 

NSE Nifty: (2939) The support for the Nifty is at 2900-2850 and the resistance to the up move is at 3000-3010-3050.

 

 

Advice for – Tuesday, March 24, 2009

Yesterday: Indian Stock Market shoot up and broke all it’s resistance level on the back of Obama plan for toxic assets and closed in a positive zone.

 

Today: Indian Stock Market still looks up but we believe that due to profit booking market may see down movement after positive opening. If market wants to keep its journey with a positive note a lot will depend on European market. It is suggested to book profits when market opens

 

BSE Sensex: (9424) The support for the Sensex is 9300 and the resistance to the up move is at 9600-9700

 

NSE Nifty: (2940) The support for the Nifty is at 2920 and the resistance to the up move is at 3100-3050

 

Profits from our tip:

Our target on HDFC bank (890) achieved before our target time, it gave a profit of Rs 50 per share of HDFC Bank.

 

 

Advice for – Monday, March 23, 2009

Last Week: All the Major Markets were up and BSE was up by around 2.4% for last week. For more details, check Review of Last Week .

 

Today: Indian Stock Market will show side ways movements and as this is a last week of F&O, traders must be careful as they can be trapped by side ways movement. Market is more prone to negative movement.

 

BSE Sensex: (8967): The support for the Sensex is 8850-8700 and the resistance to the up move is at 91100-9300.

 

NSE Nifty: (2807) The support for the Nifty is at 2700-2750 and the resistance to the up move is at 2840-2850-2900.

 

 

Advice for Friday, March 20, 2009

Yesterday: As we said Indian Stock Market opened up about 120 points up and within half an hour of trading session it went down and even reached down by 80-90 points due to profit booking.

 

Today: Now today trend of Indian Stock Market looks some down side due to profit booking but a limited one.

 

BSE Sensex: (9002) The support for the Sensex is 8900 and the resistance to the up move is at 91000-9300.

 

NSE Nifty: (2807) The support for the Nifty is at 2750 and the resistance to the up move is at 2850-3100.

 

 

Advice for – Thursday, March 19, 2009

Yesterday: Indian Stock Market went up as expected but it loose some strength due to profit-booking in the second half of the yesterday’s session.

 

Today: Now since the market was unable to cross our resistance level of 9100 for sensex and 2850 for Nifty, shorting can be done at higher levels. Check our post Does market made a bottom?  for the direction of Indian Stock Market.

 

BSE Sensex: (8978): The support for the Sensex is 8950 and the resistance to the up move is at 9100-9150.

 

NSE Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2850-3150.

 

 

Advice for – Wednesday, March 18, 2009

Yesterday: Indian Stock Market went down sharply in the afternoon around our resistance level of 2800 for Nifty and closed at 2757 for Nifty.

 

Today: Indian Stock Market still looks up. We firmly believe that market should go high but make long position only when it crosses the target of 9100.

 

BSE Sensex: (8864) The support for the Sensex is 8700 and the resistance to the up move is at 9100-9150.

 

NSE Nifty: (2757) the support for the Nifty is at 2700 and the resistance to the up move is at 2800-2850.

 

Today’s Pick:

 

Buy HDFC Bank (CMP: 828) on delivery basis with one month target of 880.

 

 

 

Advice for – Tuesday, March 17, 2009

Yesterday: As predicted, Indian stock market continued with the up move yesterday.

 

Today: Indian Stock Market may see upmove today with profit booking at around the level of 9000-9050, so book profit if you hold any shares. Do not initiate any long positions. Wait till Sensex see 9100 mark and than one can go for long positions.

 

BSE Sensex: (8944) The support for the Sensex is 8750 and the resistance to the up move is at 9050-9100.

 

NSE Nifty: (2617) the support for the Nifty is at 2530 and the resistance to the up move is at 2680-2704-2750.

 

Advice for – Monday, March 16, 2009

 

Last Week: On the last trading session, Indian stock market has seen tremendous up move of about 5%.

 

Today: Market looks up and it is important to see whether nifty would break its major resistance level of 2750-2800.

 

BSE Sensex: (8757): The support for the Sensex is 8600 and the resistance to the up move is at 8900-9000.

 

NSE Nifty: (2719) the support for the Nifty is at 2665 and the resistance to the up move is at 2750-2800.

 

Profit Booked through our Friday’s picks:

Yesterday both of our targets on CAIRN India has been achieved. Profit was Rs. 7 per share of CAIRN.

 

Advice for – Friday, March 13, 2009

Yesterday: Indian Stock Market opened with a huge positive gap as expected and went down quite a bit due to profit booking. After Inflation and IIP no. were declared, market went up sharply about 265 points. But again in the last half-Hour of trade profit booking took place and closed around 8343 up by 185 points. 

 

Today: market will open on a positive note but it will face resistance around 8500-8600-8700.If it will close above 8500 than one should go long in this market.

  

BSE Sensex (8343): The support for the Sensex is 8100-8050 and resistance is 8500. 

  

NSE Nifty (2617): The support for the Nifty is 2600-2550-2500 and resistance is at 2650-2680. 

  

Today’s Pick:

Buy Cairn India on a intraday basis around 164.50-165 with a target of 168-170.

  

Profit Booked through our yesterday’s picks:

Yesterday both of our targets on RIL achieved. Profit was Rs. 40 per share of RIL.

 

Advice for – Thursday, March 12, 2009

  

Indian Stock market went down and it traded in a narrow range of 8050-8500. Still market looks weak and will rally only when it crosses mark of 8480 for Sensex.

 

Today: Market will likely to open with a huge positive gap of 180-200 points on sensex and 50-60 points on nifty because of positive global cues but today market movement will depend on IIP no & Inflation no. Market movement will lot depend on IIP nos rather inflation no.If that nos will come positive, market will react sharply and  may cross a resistance level of 2650 and than after huge really may occur.

 

 

Bse Sensex (8160): The support for the market is 8050 n resistance @8500-8450.

 

Nse Nifty (2573): the support for the nifty is 2550-2500 n resistance @ 2620-2650

 

 

Today’s pick:

 

Buy Ril on intraday basis around 1165 with a intraday target of 1178-1185 but it is advisable to trade once IIP nos will come out.

 

Advice for – Monday, March 09, 2009

 

Last Week: Indian Stock Market saw a decline of 6.4% Last week. Market was able to close with uptrend on last trading session.

 

Today: As Market reached 8000-8050 and again bounced with that psychological barrier, chart tells that it is just a short covering rally so we can’t trust on this type of market unless it crosses mark of 8500 & 2720 on nifty side. Till than it is better to stay away and see where the market is going.

 

BSE Sensex (8325): The support for the sensex is 8100-8050.

 

NSE Nifty (2620): The support for the nifty is 2600-2550-2500.

 

Stock Pick:

 

HDFC (CMP: 1220) huge institutional buying witness on Friday where CAPITAL GROUP AC THE GROWTH FUND OF AMERICA INC bought nearly 2266000 share @ 1160rs. From delivery prospective it is excellent buying opportunity with two month return of around 20% say 1400-1450.

 

Cairn (CMP: 160.85) after achieving our both target of 165-170 it came to 155-160 level. Technically we believe that this script is strongest among all “A” group shares from delivery point of view this is the best and safe bet for buying with a two month target of 175-180.

 

 

 

Advice for – Friday, March 06, 2009

BSE Sensex: (8197) market open on a positive note & went down sharply led by bank stocks & RIL & finally nifty broke its major support level of 2650-2600

Today market will have a gap down opening of around 80-100 points on the sensex & 25-30 points on nifty. It would be very interesting to see whether nifty would break its final major support of 2550-2500.If it so than nifty will reach around 2200 mark quickly.

The support for the Sensex is 8000-7930 and the resistance to the up move is at 8300-8500
Nifty: (2576) the support for the Nifty is at 2550-2500 and the resistance to the up move is at 2600-2700

Advice for – Thursday, March 05, 2009

BSE Sensex: (8446) market regain in the last hour of trade & still trading around major support level of 2650.Market mainly gain because of Metal support. Today market will start on positive note backed by RBI move & Positive global market. But we still believe that shorts will be the best opportunities on gain because market has not shown any strength unless market crosses the mark of 8700.

The support for the Sensex is 8150 and the resistance to the up move is at 8600-8700

Nifty: (2645) the support for the Nifty is at 2600-2550-2500 and the resistance to the up move is at 2700-2730

Advice for – Wednesday, March 04, 2009

BSE Sensex: (8427) market reached our first target of 8400 & moving towards our second target of 8100.We firmly believe that if 8150 should be held so some trading can be done on that level. But if it broke that level also than 7500 would be the next target for the sensex.

The support for the Sensex is 8150 and the resistance to the up move is at 8600-8700

 

Nifty: (2622) the support for the Nifty is at 2600-2550-2500 and the resistance to the up move is at 2700-2730

Advice for – Tuesday, March 03, 2009

BSE Sensex: (8607) as we said market has not shown any sign of up-moves & again we are in the process to see new lows. So stay away from the market and wait till this market broke the resistance level of 8800.Till that it is very weak market.
 

The support for the Sensex is 8390-8150 and the resistance to the up move is at 8700-8800

 

Nifty: (2675) the support for the Nifty is at 2630-2610 and the resistance to the up move is at 2730

Advice for – Monday, March 02, 2009

Last Week: Despite dismal GDP data our market recovered sharply and closed on a good support. Market is now showing some strength.

Today: Today it is interesting to show hove RIL share moves in the market most of analyst believe that RIL would be most beneficiary from this and it would surge when it opens on Monday but our team firmly believe that it is not the time to do trading activity in any of the reliance shares specially RPL. If you are investor than it is the good time to buy RIL else it is advisable to stay away even if it climbs today. Market movement will lot depend on RBI rate cut and global financial markets. But still we would like to stick on our point that any up move would be welcomed with a Shorting

BSE Sensex: (8891) The support for the Sensex is 8700 and the resistance to the up move is at 9000.

NSE Nifty: (2763) the support for the Nifty is at 2720 and the resistance to the up move is at 2800.
.

Today’s Pick:

– Buy SBI around 996 with an intraday target of 1020-1035 with a tight stop loss of 990.
– Buy HDFC around 1260-1254 with an intraday target of 1280-1300

Profit booked through our yesterday picks:

– Yesterday target for L&T is completely achieved with a profit of 10rs per share.
– Cairn India just reached our first target of 170rs.