Nifty Outlook and Stock Calls for 27April-09

Nifty Weekly Range

Nifty will remain bullish for the week.Nifty range is 3400-3650.3511 is the immediate resistance and breaking that it will move to 3650-3800.On the downside 3400 is the key support level,if nifty goes below that then 3300 and 3150(chances of that happening are less)

Stock Calls
RNRL cmp(61.1),buy at 58.5-60 sl 55 target 66-74

Buy Gail at (cmp 251.55) around 245-250,very good support at 225-230 target 285-320-350

Ranbaxy,buy at around 170 (cmp 175.9) sl 166(closing basis) tgt 200-240

Allahabad Bank (cmp 52.1) buy at 50 sl 47.5 tgt 65

Punj lloyd,bullish,read previous posts

KS Oil buy at 47.5(cmp 48.15) sl 45 target 55-62 in a week(Can trade for intraday as well)

Clutch Auto(cmp 20.1) buy only for intraday(or for 2-3 days) at 19.5 sl 18.9 tgt 21

BOC(cmp 149.25) buy at around 145-147 sl 136 tgt 160-200 in a month time(BEev)

IRB infrastructure(cmp 100.1) buy at 96-98 with tgt 140 in a month

IDFC (CMP 75.5) sell at 77-77.5 sl 79 tgt 72(Intraday only)

Stocks marked with RED are having higher probability of success.
Happy Trading.

Nifty Outlook and Stock Calls

Nifty Outlook

Nifty will remain positive and test 3500 and then will target 3800

Stock Calls

Jain Irrigaton (cmp 354) buy at cmp till 345, sl 340 and target 490-560 in a month

Jet Airways(cmp 202) buy at around 196-200 strict sl 193,and above 210 it will not take time to reach 300 levels,support exists at 190-195 levels

Walchandnagar industry(cmp 134),buy around 127-130 sl 123,target 175

buy Nicco corporation(cmp 5) at around 4.80 sl 4.5 target 6.5-10-16

Trigyn Technologies cmp 10.95, buy around 10.60-10.70 sl 10.40 and target 14.5

short HUL at cmp sl 246 target 215-200..below 235 it will crack (EV)

Cairn india buy at around 185,sl 180 target 200-210(for intraday or 3-4 trading sessions)rh

Varun Shipping buy at 46.50-47 sl 45.65 target 55-62(levels as per bse) rh

Sail(cmp 115) buy it at 110-112 sl 105 target 120-135

Buy ICICI Bank at 410-415(cmp 424) target 470-525

Stocks with RED color have very high probability of success

Happy Trading

Nifty Outlook and Stock Talk

Nifty Outlook for 23 April

Nifty may fall below 3300 after giving flat opening,wait for a good opportunity to buy nifty at around 3200 levels with 3120 as sl and target of 3500-3800

Bigshots Reliance Industry and ONGC will fall tomorrow
For Short term
ONGC Bearish
Reliance: Bearish,1750 is real resistance

Stock Calls


CHAMBAL FERTILIZER: cmp 46.55,buy at 43-45,sl 42(closing basis) target 50-56 in a month

Buy Rpower cmp at 126 target 133-145(ev:5)(Good for intraday)


Buy Ranbaxy(cmp 177) at 170-173 sl 168 target 200-227.... (can short at 182-184 for intraday if opens higher with sl 186)

If Maruti closes below 750 exit all long positions in it,has taken downside breakout

Punj llyod short 130 call

HUL, Buy at 238-240,it will go 260-285 in short time ( buy future at around 240)

Dish tv india (cmp 29.35) buy at 29 target 31.5 for intraday,sl 28(very strong support)

Aban Offshore,cmp - 453, short at around 465-470 with sl 483,target 420-360


Stock with RED color are having very high probability of success

Nifty Outlook and Stock Call

Nifty Outlook

Nifty 3300 is a good support,it is now going to test 3500,buy at cmp and on dips till 3300 target 3500-3800 in 10 days time

Stock Call

Buy Punj lyod at cmp sl 90 tgt 135-170 in a month(a good buy),100.5 and 92 is 50% and 38% retracement for short term high n low. Above 109 buy more

Buy Suzlon at cmp till 50,target 72 in a month.

Buy Hindalco around 54-55 tgt 62 in a week

Power Grid is a safe bet, buy at cmp sl 95 tgt 120,can take covered call for it as well

buy Videocon at 112-114 sl 105 target 130-165,can buy for intraday as well for 3-4 % gain

buy HDFC Bank at around 1060 sl 1010 target 1100-1220(for intraday trades keep a sl of 1034)

Nifty Outlok and Stock Talk

Nifty Outlook

Nifty has taken a fresh breakout which will take it to 3600-3800 levels.Buy nifty on dips till 3400.

Stock Talk

GMR Infra cmp 111.45, buy at cmp..support at 106 and 103..should not go below that, made bullish engulfing as well, tgt 126 (EV)
(can buy 110 call at around 7-8 or can buy in cash at cmp till 105)


SELL MTNL 70 PUT AT .85-1 RS TGT 0 BY expiry,MTNL should not go below 70

Cummins india: cmp199.good support exist at 190,buy on dips at around 195-199,closing above 203 will take it to 230 in no time

Reliance Power has taken a fresh breakout,buy around 125(cmp 129) with target 150,strong support at 122-125
or sell 120 reliance power put at around 4(cmp 3) target 0

Indiabulls Securities(cmp 27.15) buy at cmp till 124 target 40( has broken resistance line at 25)


Bharti Airtel,as said in yesterdays letter has taken a breakout and is also making bullish engulfing pattern.Buy around 670,sl 650(very strong support) target 720 in a week,can buy for intraday as well for 20-30 points
Can Buy 680 call at 25-28 with target 45 within a week ,or buy 700 call at 18 with target 30


Buy Ranbaxy at cmp (200) sl 175 target 227-255,if it goes n close above 203 buy more,it will hit the target very soon(a fresh breakout will occur closing above 203).
buy 190 ( cmp 16) or 200(cmp 10) call or short 180 put at cmp(3) target 0

HDFC cmp 1770,buy around 1730-1750,sl 1690 target 1950,good for intraday traders as well to gain 30-40 points
(EV)

SCI (ltp 97.35) buy at around 92-94 with target of 115 within a month,it should not come below 90 in short term.

Stock marked with RED color are having very high probability of success.

Happy Trading.

Nifty Levels and Stock Talk (15th April 2009)

Nifty Levels

Nifty Levels remains the same as talked earlier. On the downside nifty can come to 3244-3190 and these are the levels to buy. If nifty goes below 3120 then it will become bearish again.
On the up side if nifty manages to close above 3420 then we will see 3545-3600-3780 levels very soon.

Stock Talk

GE shipping is a good buy (cmp 212.85) at cmp till 200,tgt 245 in a month,fresh long term breakout at 205

Bharti Airtel(cmp 663) ,buy if it close above 670 sl 650 tgt 720

Short Cairn India at cmp(203) sl 210 tgt 185(should not go below 184)

BHEL cmp 1525,buy on dips at 1480-1500 sl 1475 tgt 1650 (in a month) with stoploss close below 1475

Levels to watch for Reliance Industry: Down side it can come to 1685-1650 levels(a good support zone) and on the upside 1880-1965

ICICI Bank cmp(414) buy at 395 with stop loss 380 target 420-450 (Ideally it should not go below 388)

Nifty Outlook for coming week(13th April to 17th April 2009)

Nifty will remain positive in the coming week. Though some heavyweights are near their resistance level,some heavily beaten down stocks are expected to perform well.
As written in the previous letters 3400-3420 acted as a main hurdle for nifty and a sell-off came in at those levels. Despite this fact I believe that nifty will go close to 3800 levels before April expiry or at max may 1st week. Then we can expect the market to take southward direction.
3200 and 3150 will act as a major support level.nifty should not go below 3150 levels in the short term. Expected range for nifty in the coming week is 3200-3600.
So my advice will be to buy nifty close to 3200 levels(if market corrects and nifty comes to those levels) or buy if nifty closes above 3420.
Some of the stocks which i have recommended have already achieved their targets(please read my previous posts) and some are still close to recommended level, you can consider adding them to your portfolio for short term gain.
Good Luck.

Nifty Levels and Stock Talk

Nifty View for Thursday

Nifty is overbought.and 3400-3420 is very strong resistance.
Nifty closing was 3343.tomorrow nifty will test 3400 levels.sell nifty at around 3380-3390.Tomorrow nifty should go till 3400 levels and sell-off should come there and the closing should be well below 3400(around 3350),if that happens hold your short position for next week.On the flip side if nifty manages to close above 3420 then next nifty target will be 3800.
In medium term nifty will go till 3800(1 month) from there sharp sell-off will come.

Stock Talk

Aban offshore: ltp(435), buy it at around 410-415 sl 390 tgt 455

Ceat has broken a resistance level at 40(ltp 45),buy at around 42-43(it should come to these levels because currently it is overbought) sl 39(closing basis) tgt 50-58 (1 month)

Escorts has taken upside breakout(ltp 42.85).buy it at 40-42 sl 38 tgt 55(in a month)

JP associate has taken a breakout,go long in it with sl 100(closing basis) tgt 123-140

ITI ltd (ltp 20.15),buy at 19.25 sl 18 tgt 25-32(1 month time)

Indiabulls financial Services buy at 92-95 levels tgt 120(and breaking that 145)( if it goes above 100,buy more)

watch niit

KS Oil cmp 46.65 buy with tgt of 55-62 ( 1 month)

Best one:
Indian overseas bank (cmP 50.45) buy at cmp and on dip with sl of 45 and tgt 60-76(in 1 month)
Unitech (cmp 39) buy at cmp tgt 52-60,has taken fresh breakout

Old calls
Buy bata at 110-120 tgt 160
tv18 can still buy at arnd 75(ltp 78)
reliance industry tgt 1800 and 1880
India bulls Securities(LTP 26.50 ) buy at CMP tgt 40 (in 1 month)

Stocks with RED color having higher priority of success followed by YELLOW stocks.

Stock Talk

MnM short @ 475-485 sl 510 tgt 425-400,its overbought currently

Dr Reddy buy @ 500(cmp 514) sl 480(closing basis) tgt 620

India Bulls Securities: cmp 23.75, it is consolidating in a range for quite some time.25 is the main resistance.if it closes above it then 40-48 tgt very soon.so keep watching.(25 is the level to watch for)

HDFC 1875-1900 long term resistnce,can sell at those levels,sl 1950(closing level)

RPower: closing above 122 will take it to 140 levels and if it fails to break this level then will come to 105 level again.

Maruti 750 is crucial support level.840 is very strong resistance level.sell close to this level sl 850,tgt 750,if 750 is broken then 625

Stock Talk

L n T
660-680 is a good support and 740-750 is a good resistance and that is the range for next week

Reliance Capital has taken a break out (ltp 411) buy around 400-410 sl 385 and tgt 450-480(long term support at 360)
as per my calculation it should not come below 385

JP associate: 106 reistance breaking that it will go to 122, downside it has support at 86-88
weekly range 86-106

Bata has taken a fresh breakout buy at 110-112 sl 107 tgt 130(if it closes above 120 buy more)

TV18 buy around 68-70 sl 66 tgt 85

Shiv vani oil Buy at 100-105(cmp 108)and hold for 1 month and you will get 20-30 % return, has taken a fresh breakout

ABB above 442 it will go to 460-480,on the other hand short it below 442 sl 445 tgt 425- 415

Petronet lng has taken a fresh breakout(cmp 43.9) buy at 42-42.5- 43 tgt 50 within a month,short term trader keep sl at 40

Suzlon good support at 42.5 and 45(cmp 50.9) buy this on dips(if it gives any)

Hero honda short arnd 1030-1040 sl 1060 tgt 980

Reliance industry:overbought,but good suppot exist at 1550,cmp 1660(if it falls to 1600 levels then can short 1500 put)

Hindalco (cmp 56.5) medium term support at 52.5,lon term support 49.8 , buy on dips at arnd 52.5 tgt 65 within a month

keep an eye on idbi,cmp 50 can buy arnd 47.5-48.5

allahabad bank: ltp 43.9,support at 41 buy arnd 42-43 and its all set to move above 50 this month

All the stocks with RED are must buy for 1 month time frame,overall will give around 15-25% return.

Nifty Outlook

Nifty support at 2930-2950-3050-3100.Currently overbought.It should come to 3100 levels
3000-3050 is very strong support.
3400 long term resis
my probable next week range 3050-3400(nifty should not go below 3000,below it,its bearish again)

Nifty Chart

Hi,
Nifty chart is attached.