Bullish Stocks for Tomorrow 

The market opened on a firm note this morning on positive global cues. After moving up further subsequently, it retreated a bit after the government released the GDP data for the March 2011 quarter, but recovered swiftly and kept moving higher as the session progressed with the slower than expected growth in the March quarter resulting in hopes that the central bank will refrain from coming out with stringent monetary tightening measures in the near future. A strong close in Asian markets and the positive mood across the European region too aided sentiment to a significant extent.

Bearish Stocks for Tomorrow 


Bajaj Corp Ltd. - Sell Below 109 and target for 108, 107.

Educomp Solutions - Sell Below 472 and target for 469, 466, 462.

Patni Computers - Sell Below 361 and target for 359, 356, 353.

Bharat Electronics Ltd. - Sell Below 1658 and target for 1650, 1642, 1634.

Bullish Stocks for Tomorrow 


VIP Industries Ltd. - Buy above 766 and target for 771, 776, 781.

JSW Steel Ltd. - Buy above 965 and target for 971, 977, 984.

Axis Bank Ltd. - Buy above 1261 and target for 1267, 1273, 1280.

Housing Development & Infrastructure Ltd. - Buy above 164 and target for 165, 166, 168.

Despite a firm start and a subsequent upmove, the market faltered around mid morning and then spent almost the entire session in the red today as investors chose to tread cautiously amid mixed global cues and a slew of earnings reports, some of which were somewhat unimpressive. Investors also appeared reluctant to pick up stocks ahead of GDP data due for release on Tuesday.

CRUDE OIL:

HDIL (Housing Development & Infra)

After a lower end of May series in futures contracts, the nifty June series started with up beat. Nifty future closed 5466.35 with loss of 18.25 points down by 0.335 wow basis.

I this dull market nifty future having support @ 5400 below this level 5350-5290 will be the major support zone for market.

Resistance comes @ 5490-5550-5620 will be the major higher levels for nifty future.

Bullish Stocks for Tomorrow


National Aluminium Company Ltd. - Buy above 86 and target for 86.50, 87, 88.

Oil And Natural Gas Corporation Ltd.- Buy above 284 and target for 286, 288, 290.

Bharat Petroleum Corporation Ltd. - Buy above 632 and target for 635, 639, 643.

Wipro Ltd. - Buy above 445 and target for 448, 451, 454.

YES Bank Ltd. - Buy above 299 and target for 301, 303, 305.

Bearish Stocks for Tomorrow


Gitanjali Gems Ltd. - Sell below 267 and target for 265.50, 264, 262.

Titan Industries Ltd. - Sell below 4165 and target for 4145, 4125, 4105.

Hindustan Unilever Ltd. - Sell below 300 and target for 298, 296, 294.

Phoenix Mills Ltd. - Sell below 183 and target for 182, 180, 178.

Buoyed by a firm trend in global markets, investors indulged in some hectic buying on the Indian bourses almost right through the session, and the resultant surge in prices of front line stocks lifted the key indices Sensex and Nifty to an upbeat close today.

Though stocks took a mild retreat after a positive start this morning, buying resumed soon and there was no looking back for the market after the first hour. Realty and bank stocks were the top performers. Metal and oil stocks rallied sharply as well. Power, healthcare, FMCG and information technology stocks appeared a bit subdued for a while, but moved higher as the session progressed.

Capital goods stocks ended on a mixed note. Consumer durables and automobile stocks traded weak for a major part of the session, although they found some good support at lower levels towards the fag end of the day. Midcap and smallcap stocks had a good outing.

The Sensex, which rose to 18,298.64 around mid afternoon, ended the day at 18,266.10 with a strong gain of 221.46 points or 1.23%. The Nifty settled at 5476.10, slightly off the day's high of 5485.80, recording a gain of 63.75 points or 1.18%.

Bullish Stocks for Tomorrow


Apollo Tyres Ltd. - Buy above 67.50 and target for 67, 66.50, 66.

Hero Honda Motors Ltd. - Buy above 1895 and target for 1905,1915 , 1930.

Tata Motors Ltd. - Buy above 1167.50 and target for 1172, 1179, 1188.

Axis Bank Ltd. - Buy above 1214 and target for 1220, 1228, 1336.

Bank of India - Buy above 436.50 and target for 439, 442, 445.

Oil And Natural Gas Corporation Ltd. - Buy above 276 and target for 277.50, 279, 281.

Bearish Stocks for Tomorrow


Power Grid Corporation of India Ltd. - Sell Below 95 and target for 94.50, 94,93.

PTC India Ltd. - Sell Below 95 and target for 94.50, 94,93.

ITC Ltd. - Sell Below 75.90 and target for 75.50, 75, 74.50.

MphasiS Ltd. - Sell Below 452 and target for 449, 446, 443.

UTV Software Communications Ltd. - Sell below 620 and target for 616, 612, 608.

Markets bounced back after Wednesday’s drubbing and closed near the days high tracking firm Asian peers and buying interest in oil & gas shares. The S&P CNX Nifty ended at 5412.35, up by 63.40 points or 1.19 %.

The Nifty futures closed and settled finally at 5412.55, up by 63.10 points or 1.18 %. It is looking bearish in the coming trading session if it manages to trade support  level of 5350 else above resistance level of 5420 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5420 & above this level the next resistance is seen near the 5530 mark.

SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5300 mark.

In banking, CNX Bank Index gained 112.50 points or 1.09 %. Amongst the banking stocks Punjab National Bank, Axis Bank and Dhanlaxmi Bank lead the row.
                                                                                                             
Bank Nifty Futures shut stop at 10469.95 up by 105.30 points or 1.02 %. It is looking bearish in the coming trading session if it manages to trade support  level of 10330 else above resistance level of 10525 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10525 above this level the next resistance is seen near to the level of 10750.

SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10170 marks.

Bullish Stocks for Tomorrow 


Tata Motors Ltd. - Buy above 1140 and target for 1146, 1153, 1160.

Suzlon Energy Ltd. - Buy above 50.60 and target for 51, 51.50, 52.

Dabur India Ltd. - Buy above 108 and look for the targets of 109, 110.

Hindustan Copper Ltd. - Buy above 282 and target for 284, 286, 288.

Bank of India - Buy above 433 and target for 436, 439, 442.

Bearish Stocks for Tomorrow

State Bank of India - Sell below 2167 and target for 2155, 2143, 2130.

Oil And Natural Gas Corporation Ltd. - Sell below 261 and target for 259.50, 258, 256.

Hindustan Petroleum Corporation Ltd. - Sell below 352 and target for 350, 348, 345.

Hindalco Industries Ltd. - Sell below 182.50 and target for 181.50, 180.50, 179.

DLF Ltd. - Sell below 209 and target for 208, 207, 205.

Indian markets ended in the negative territory as traders squared off positions ahead of May series expiry. Weak cues from global markets also hurt sentiments. The S&P CNX Nifty ended at 5348.95, down -45.90 points or -0.85 %.
The Nifty futures closed and settled finally at 5349.45, down by -38.40 points or -0.71 %. It is looking bearish in the coming trading session if it manages to trade support  level of 5310 else above resistance level of 5375 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5375 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5175 mark.

Bullish Stocks for Tomorrow


Hero Honda Motors Ltd. - Buy above 1827 and target for 1837, 1847, 1860.

Apollo Tyres Ltd. - Buy above 64.60 and target for 65.20, 66.

YES Bank Ltd. - Buy above 284 and target for 286, 288, 290.

Axis Bank Ltd. - Buy above 1210 and target for 1220, 1232.

Glenmark Pharmaceuticals Ltd. - Buy above 291.50 and target for 293.50, 295.50, 298.

Commodity which I picked for the next week is Gold. Gold is in consolidation phase so traders should use the strategy of buying on lower levels If MCX Gold above the level of 22225 it can test the level of 22315 if it does not break the level of 22000 on the downside. The next commodity which I picked is silver, silver is also in a consolidation phase So traders can use the strategy of buying on lower level if silver sustains above the level of 54300 then it can test the level of 54500.

Stock for the next week is ORIENTAL BANK OF COMMERCE. It is looking strong on charts as it is being consolidating with positive biasness from last many trading sessions. It is currently trading above its 10 days moving average with 46.31 RSI in daily charts. If it manages to sustain above the level of 336, we may expect an up rally in the stock, one could go for long position in the stock above 339 for the targets of 346/355 with strict Stop Loss at 330.

Last week bears had the complete control on the market until the markets took support from the important levels of 5400, and bounced on the last day of the week to close at 5484.60. Overall trend in the market still remain bearish. For short term, resistance on the up side is at 5540 levels, if nifty is able to breach this level it might see a short term upside up to the next resistance levels of 5600 and 5625.

Bullish Stocks for Tomorrow


Tata Motors Ltd. - Buy above 1175 and look for the targets of 1182, 1189, 1200.

Hind. Petrol - Buy above 364 and look for the targets of 366, 368, 371.

Bhushan Steel Ltd. - Buy above 457 and target for 460, 463, 466.

Bearish Stocks for Tomorrow


Bharat Forge Ltd. - Sell below 327 and look for the targets of 325, 323, 321.

ITC Ltd. - Sell below 185 and look for the targets of 184, 183, 181.

ONGC - Sell below 327 and look for the targets of 325, 323, 321.

Once in a while people who are in investing and trading want to know how many Indian companies are listed in NASDAQ or NYSE. Infosys Technologies was the first company to get listed in 1999. Here is a list of Indian companies listed in NASDAQ and NYSE.

Campany Name	Symbol	Industry Type
HDFC Bank	HDB	Banking
ICICI Bank	IBN	Banking
Infosys Technologies	INFY	IT Services
Mahanagar Telephone Nigam	MTE	Telecommunications
Rediff.com	REDF	Information Provider
Dr. Reddy’s Laboratories	RDY	Pharmaceutical Products
Satyam Computer Services	SAY	Information Services
Sify Limited	SIFY	Internet Provider
Tata Motors	TTM	Automative Vehicles
Videsh Sanchar Nigam	VSL	Telecommunications
Wipro Limited	WIT	IT Services

Bullish Stocks for Tomorrow

Bearish Stocks for Tomorrow

Markets edged higher in the afternoon session and ended the day on a positive note after engineering conglomerate L&T (Larsen & Tourbo) reported 17% rise in the fourth quarter profit. The S&P CNX Nifty ended at 5,428.10, up 7.50 points or 0.14 %.

Global cues were positive and there were no big negative triggers from the home front with food inflation registering a decline, but the market turned in a highly lackluster performance till a little past mid afternoon with investors treading cautiously and largely staying away on the sidelines. However, thanks to some frenzied buying engineering heavyweight Larsen & Toubro  during the final hour following the company's sterling results and a healthy order book, the market managed to sign off on a positive note with modest gains today.

The NSE Nifty  tests it psychological mark of 5500. Heavy selling was seen in metals, banks, realty, auto, FMCG and oil & gas stocks. Top Players like Reliance, Infosys, ICICI Bank, ONGC and ITC were the major laggards.

It was weak closing for the markets today, the biggest losers being interest rate sensitive sectors like banking and realty. Metal also took a severe beating. There was some upward movement in healthcare and consumer durables, and they were the only two sectors to close positive. The Sensex closed at 18345, down 186 points from its previous close, and Nifty shut shop at 5499, down 46 points. The CNX Midcap index was down 0.7% and the BSE Smallcap  index also lost 0.7%. The market breadth was negative with advances at 377 against declines of 934 on the NSE. The top Nifty gainers were Ranbaxy, Hero Honda, Sun Pharma and Ambuja Cements and prime losers included JP Associates, Siemens, DLF, Bajaj Auto.

For the coming trading session the market seems to look bearsih due the inflation and especially the latest hike in the price of petrol. If Nifty future manages to break the resistance of 5580 then it will be in a bullish trend wheras the bears will keep ruling the market if the support level of 520 is broken.

Resistance for Nifty Futures - It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5685 mark.

Support for Nifty Futures - It has first support close to the level of 5420 & below this level the next support is seen near 5315 mark.

Zinc could be bullish. As we saw last week, zinc was in uptrend. For the next week, if it sustains above the level of 98.45 then above the level of 99.05 it could reach around the level of 100.65.  So, in zinc one should go for buy on lower level strategy.

In Agri Chana could be bullish. Last week also Chana showed an uptrend. For the next week if it sustains above the level of 2465 then above the level of 2477 it could reach around the level of 2520. So, also in Chana one should go for buy on lower level strategy.

Educomp is forming consolidation phase from last two week and trading below 50 days moving average. If it manages to sustain above 450then it will take a up move till 480. One should take long position in Educomp above 450 for the target of 465,480 with stop loss of 430.

Bullish Stocks for Tomorrow


Bank of India - Buy above 400 and look for the targets of 404,408.

Hero Honda - Buy above 1810 and look for the targets of 1825, 1840.

Sesa Goa - Buy above 300 and look for the targets of 303, 307.

ITC Ltd. - Buy Above 191.50 and look for the targets of 193.50, 195.50.

Bearish Stocks for Tomorrow


Indian Oil Corporation Ltd. - Sell Below 340 and look for the Targets of 337, 334.

Deccan Chronicle Holdings Ltd. - Sell below 78 and look for the targets of 77, 76.

Markets rallied over 1% as they cheered the ruling congress party’s ally (Trinamool Congress) victory in the key state of West Bengal which may strengthen the image of the graft tainted government. The S&P CNX Nifty closed 58.60 points or 1.07 % at 5544.75.

The Nifty futures closed and settled finally at 5558.90, up by 77.55 or 1.41 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5465 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5465 & below this level the next support is seen near 5385 mark.

In banking, CNX Bank Index gained 133.50 points or 1.23 %. Amongst the banking stocks Jammu & Kashmir Bank, Lakshmi Vilas Bank and Axis Bank lead the row.

Bank Nifty Futures shut stop at 11032.75 up by 157.45 points or 1.45 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11240 else below support level of 10780 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11726.

SUPPORT: It has first support close to the level of 10780 & below this level the next support is seen near 10690 marks.

Bearish Stocks for Tomorrow


ONGC Ltd. - Sell Below 297 and look for the targets of 295, 293, 291.

Bank of Baroda - Sell Below 873 and target for 863, 853.

Bullish Stocks for Tomorrow


IDBI Bank Ltd. - Buy Above 138 and look for the targets of 139, 140, 141.

Tata Motors Ltd. - Buy above 1220 and look for the targets of 1230, 1240, 1250.

ITC Ltd. - Buy Above 188 and look for the targets of 190, 192.

Sesa Goa - Buy above 306 and look for the targets of 308, 310, 312.

Jeera commodity surrounded lacking in market due to their average arrivals amongst lack of local and export requirement that maintained the trend poor for the item in the spot markets. However, according to information, a number of purchasing actions might be recorded in the upcoming weeks at these reduce ranges as arrivals of superior quality plants might give help to the rates. The hope of exports also increasing over upcoming couple weeks can provide some help to the costs of the stock options in the moderate period.

Gold futures climbed up for the third successive session on Tuesday after investors continued to flee risky assets and high yielding currencies and took shelter under the safe haven as worries over Greece's sovereign debt issues loomed large. The further upside chances for yellow metal prices were limited by the appreciation in the US greenback against a basket of currencies which made the dollar denominated commodity less lucrative for holders of other currencies.

Crude prices ended higher for a second day on Tuesday, extending the bounce back from last week's huge plunge, as strong trade data from China eased worries about slowing growth curbing global oil demand and supported by a surge in gasoline futures after a report that the Mississippi River floods are curtailing refinery operations. Traders were eying the American Petroleum Institute’s data of crude inventories for further cues.

The markets closed marginally higher on the third consecutive day of lackluster trades where the markets were mainly moving sideways. The S&P CNX Nifty closed up 23.80 points or 0.43 % at 5565.05.
The Nifty futures closed and settled finally at 5562.80, down by 17 or 0.31 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5605 else below support level of 5510 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5605 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.

In banking, CNX Bank Index gained 49.65 points or 0.45 %. Amongst the banking stocks ING Vysya, South India and Yes Bank lead the row.
                                                                                                             
Bank Nifty Futures shut stop at 11039.55 down 17.85 points or 0.16 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11120 else below support level of 10900 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.

SUPPORT: It has first support close to the level of 11900 & below this level the next support is seen near 10780 marks.

Hot Shares to Buy and Sell Tomorrow


Apollo Tyres - Buy above 72.50 and look for the targets of 73.50, 74.50.

Bajaj Auto Ltd. - Buy above 1320 and look for the targets of 1330, 1340, 1350.

National Aluminium Company Ltd. - Sell Below 87.50 and look for the targets of 86.50, 85.50.

GVK Power & Infrastructure Ltd. - Sell Below 22.50 and look for the targets of 22.25, 22, 21.75.

Hot Shares to Buy and Sell Tomorrow


Nestle India Ltd. - Buy above 4160 and look for the targets of 4190, 4220, 4250.

Mphasis Ltd. - Buy above 450 and look for the targets of 454, 458, 462.

Maruti Suzuki Ltd. - Sell Below 1230 and target for 1220, 1110, 1100

Wipro Ltd.- Sell Below 431 and look for the targets of 427, 423, 419.

The markets ended on a flat note today, after gyrating between zones during intra-day trades. The S&P CNX Nifty was down -0.35 points at 5551.10, after having recovered 48 points from the day's low of 5502.40. The international cues were not encouraging either.

The Nifty futures closed and settled finally at 5558.65, up by 3.65 or 0.07 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5350 mark.

In banking, CNX Bank Index lost -68.60 points or -0.62 %. Amongst the banking stocks Oriental Bank of Commerce, Vijaya Bank and Bank of India lead the row.
                                                                                                             
Bank Nifty Futures shut stop at 11083.50 down by -60.40 % points or -0.54 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11730.

SUPPORT: It has first support close to the level of 11950 & below this level the next support is seen near 10690 marks.