Nifty Tips and Trend for Tomorrow (1st July '11)
The markets ended a choppy session of trade on a firm note led by short covering in the last leg of trade as traders rolled over positions from June to July series. The Nifty index opened in green at 5,615 level following firm global cues after Greece government approved the austerity plan. The S&P CNX NIFTY ended at 5647.70 up 46.95 points or 0.84 %.
The Nifty futures closed and settled finally at 5647.80 up by 43.70 points or 0.78 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5655 else below support level of 5560 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5655 & above this level the next resistance is seen near the 5726 mark.
SUPPORT: It has first support close to the level of 5560 & below this level the next support is seen near 5440 mark.
The Nifty futures closed and settled finally at 5647.80 up by 43.70 points or 0.78 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5655 else below support level of 5560 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5655 & above this level the next resistance is seen near the 5726 mark.
SUPPORT: It has first support close to the level of 5560 & below this level the next support is seen near 5440 mark.
Bank Nifty Tips and Forecast for Tomorrow (1st July '11)
In banking, CNX Bank Index gained 91.30 points or 0.82 %. Amongst the banking stocks Central Bank, Kotak Bank and IDBI Bank lead the row.
Bank Nifty Futures shut stop at 11247.75 up by 83.75 or 0.75 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11270 else below support level of 11090 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11270 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11090 & below this level the next support is seen near 10810 marks.
Stock Market Updates for Today (30th June '11)
The market ended higher for the sixth successive session today as positive global cues and a decline in food inflation triggered some strong buying.
The Sensex ended at 18,812.05 (provisional) with a gain of 118.19 points or 0.63%.
The Nifty closed at 5634.90, up 34.45 points or 0.62%.
FMCG, realty, consumer durables and capital goods stocks rallied.
Power, bank and IT stocks found modest support.
Oil and metal stocks ended on a mixed note. Healthcare and automobile stocks were mostly subdued.
Midcap and smallcap stocks turned in a mixed performance.
The market breadth was marginally positive.
Stocks to Buy Tomorrow (30th June '11)
Bullish Stocks for Tomorrow
IDFC Ltd. - Buy above 131.50 and target for 132.50, 134.
ITC Ltd. - Buy above 200.50 and target for 201.50, 202.50, 204.
Hindustan Unilever Ltd. - Buy above 334 and target for 336, 338, 340.
HDFC Bank Ltd. - Buy above 2500 and target for 2515, 2530, 2545.
Ranbaxy Laboratories Ltd. - Buy above 550 and target for 553, 556, 560.
Stocks to Sell Tomorrow (30th June '11)
Bearish Stocks for Tomorrow
IL&FS Engineering & Construction Company Ltd. - Sell below 145.50 and target for 144.50, 143.
Bharat Petroleum Corporation Ltd. - Sell below 641 and target for 637, 633, 629.
GAIL (India) Ltd. - Sell below 440 and target for 437, 434, 431.
Bank of Baroda - Sell below 863 and target for 858, 853, 848.
Coal India Ltd. - Sell below 387 and target for 385, 383, 380.
Nifty Tips and Trend for Tomorrow (30th June '11)
Strong cues from Asian markets and sustained buying by foreign investors, helped the markets to trade in green. After a firm opening, the Nifty touched a high of 5608.6 and closed at 5608- up 58.95 points.
The Nifty futures closed and settled finally at 5604.10 up by 55.08 points or 0.99 %. 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 5490 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 5726 mark.
SUPPORT: It has first support close to the level of 5564 & below this level the next support is seen near 5440 mark.
Bank Nifty Tips and Forecast for Tomorrow (30th June '11)
In banking, CNX Bank Index gained 99.30 points or 0.90 %. Amongst the banking stocks Development Credit Bank, HDFC Bank and Lakshmi Vilas Bank lead the row.
Bank Nifty Futures shut stop at 11206.40, up by 105.35 or 0.95 %. 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 10990 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 11730.
SUPPORT: It has first support close to the level of 10990 & below this level the next support is seen near 10810 marks.
Stock Market Updates for Today (30th June '11)
The benchmark indices Sensex and Nifty hit their multi-week highs today as the bulls stayed fairly aggressive once again, tracking global markets, where stocks moved higher amid easing worries about the financial crisis in Greece. Data revealing a decent inflow of funds from foreign institutional investors over the past few sessions aided sentiment to a significant extent. A firm trend in global commodity prices helped as well.
The Sensex, which rose to 18,715.39, ended the day with a gain of 201.41 points or 1.09% at 18,693.86. The Nifty closed at 5600.45, recording a gain of 55.15 points or 0.99%. Both Sensex and Nifty ended at their best levels since 2 May 2011.
Stocks to buy Tomorrow (29th June '11)
Bullish Stocks for Tomorrow
Rajesh Exports Ltd. - Buy above 98.50 and target for 99.50, 100.50.
Apollo Tyres Ltd. - Buy above 78 and target for 79, 80.
Bajaj Auto Ltd. - Buy above 1426 and target for 1434, 1442, 1452.
Oracle Financial Services Software Ltd. - Buy above 2355 and target for 2367, 2380, 2395.
Apollo Hospitals Enterprise Ltd. - Buy above 485 and target for 488, 491, 494.
Rajesh Exports Ltd. - Buy above 98.50 and target for 99.50, 100.50.
Apollo Tyres Ltd. - Buy above 78 and target for 79, 80.
Bajaj Auto Ltd. - Buy above 1426 and target for 1434, 1442, 1452.
Oracle Financial Services Software Ltd. - Buy above 2355 and target for 2367, 2380, 2395.
Apollo Hospitals Enterprise Ltd. - Buy above 485 and target for 488, 491, 494.
Stocks to Sell Tomorrow (29th June '11)
Bearish Stocks for Tomorrow
GAIL (India) Ltd. - Sell below 444 and target for 441, 438, 435.
Cummins India Ltd. - Sell below 665 and target for 661, 657, 652.
Union Bank of India - Sell below 305.50 and target for 304, 302, 300.
Jindal Steel & Power Ltd. - Sell below 627 and target for 623, 619, 615.
Bharat Petroleum Corporation Ltd. - Sell below 649 and target for 645, 641, 637.
Nifty Tips and Trend for Tomorrow (29th June '11)
Markets continued to move sideways, after recovering from the lows of the day. Weakness in oil & gas and FMCG stocks dragged the index down 61.95 from the high to an intra-day low of 5496.35. The S&P CNX Nifty closed at 5545.30, up 18.70 points or 0.34 %.
The Nifty futures closed and settled finally at 5546 up by 11.80 points or 0.21 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5560 else below support level of 5490 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5560 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5335 mark.
Bank Nifty Tips and Forecast for Tomorrow (29th June '11)
In banking, CNX Bank Index gained 21.55 points or 0.20 %. Amongst the banking stocks Kotak Mahindra Bank, South Indian Bank and State Bank of Bikaner and Jaipur lead the row.
Bank Nifty Futures shut stop at 11059.75. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11135 else below support level of 10990 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11135 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10990 & below this level the next support is seen near 10810 marks.
Stock Market Updates for Today (28th June '11)
The market opened on a firm note on Tuesday on global cues, and despite suffering a setback soon thereafter, rebounded and managed to stay afloat in positive territory despite seeing some selling now and then, extending its winning run to a fourth successive session.
Fears about inflation and further rate hikes by the central bank prompted a section of investors to indulge in some profit taking after three successive days of gains. Asian markets retreated after initial gains and European bourses exhibited weakness, rendering price movements rather sluggish for a better part of the session. However, hectic buying in select pharma, capital goods, automobile and power stocks lifted the market to a positive close today.
Bank, FMCG and information technology stocks found some support but failed to hold at higher levels. Oil and realty stocks drifted lower on profit taking but regained some lost ground during the final hour. Midcap and smallcap stocks had a fairly good outing.
The Sensex, which eased to around 18,323 after rising to 18,527.45, ended the day at 18,492.45, recording a gain of 80.04 points or 0.43%. The Nifty closed at 5545.30, up 18.70 points or 0.34% over Monday's closing mark. It touched a high of 5558.30 and a low of 5496.35 during the day.
Stocks to Buy Tomorrow (28th June '11)
Here is a list of 5 stocks which are likely to be bullish tomorrow. These are stocks to buy for sure shot gain. Buy above the given level and go for the targets given.
Bullish Stocks for Tomorrow
Infosys Ltd. - Buy above 2881 and target for 2896, 2911, 2931.
Bharat Petroleum Corporation Ltd. - Buy above 666 and target for 670, 674, 678.
Oil And Natural Gas Corporation Ltd. - Buy above 286 and target for 288, 290, 292.
YES Bank Ltd. - Buy above 315 and target for 317, 319, 322.
United Phosphorus Ltd. - Buy above 155.50 and target for 156.50, 157.50, 159.
Stocks to Sell Tomorrow (28th June '11)
Here is a list of 5 stocks which are likely to be bearish tomorrow. These are stocks to sell for sure shot gain. Sell below the given level and go for the targets given.
Bearish Stocks for Tomorrow
Bhushan Steel Ltd. - Sell below 440 and target for 438, 435, 432.
Titan Industries Ltd. - Sell below 211 and target for 210, 209, 207.
Housing Development & Infrastructure Ltd. - Sell below 154 and target for 153, 152, 151.
Advanta India Ltd. - Sell below 244.50 and target for 242.50, 240.
Reliance Infrastructure Ltd. - Sell below 520 and target for 517, 514, 512.
Nifty Tips and Forecast for Tomorrow (28th June '11)
India’s benchmark stock index rose for the third day, extending the biggest rally in four months, as a drop in oil outweighed concern an increase in local fuel prices will stoke inflation. The S&P CNX Nifty closed at 5526.60, up 55.35 points or 1.01 %.
The Nifty futures closed and settled finally at 5534.20 up by 50.15 points or 0.91 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5560 else below support level of 5440 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5560 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5335 mark.
Bank Nifty Tips and Trend for Tomorrow (28th June '11)
In banking, CNX Bank Index gained 178 points or 1.64 %. Amongst the banking stocks Yes Bank, Karnataka Bank and Axis Bank lead the row.
Bank Nifty Futures shut stop at 11059.75 up by 178.95 points or 1.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11100 else below support level of 10810 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11100 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10810 & below this level the next support is seen near 10610 marks.
Stock Market Updates for Today (27th June '11)
The BSE benchmark Sensex today surged 172 points on sustained buying of energy sector stocks on prospects of a boost in their earnings after the government raised prices of petroleum products on Friday.
A firm beginning in European region also supported the market.
The Bombay Stock Exchange's key index, Sensex, which had shot up by 513 points in the previous session, rose by another 171.73 points to 18,412.41, with most of the state-run energy stocks recording handsome gains.
Broad-based National Stock Exchange index Nifty rose by 55.35 points to 5,526.60 after touching the day's high 5,552.65.
Commodity Market Forecast for the Coming Week (27th June - 1st July '11)
The commodity which we recommend for the next week are GOLD and SILVER.
Gold is looking technically weak on charts. So i would suggest traders to go for sell on higher level strategy if gold sustains below 22400 then it can test the level of 21900. And the next commodity which i recommend is silver. I would suggest traders to go for sell on higher level strategy if silver sustains below 53000 then above 51500 it can test the level of 49500.
Stock Market Forecast for the Coming Week (27th June - 1st July '11)
As we had mentioned in our records last week that 5325 was the important support level for Nifty which if broken Nifty fut can reach the targets of 5240 and 5180. Nifty fut did made a low of 5182.40. We had also mentioned that 5175 was the major support level for Nifty which if broken Nifty fut will see a major downfall but Nifty fut did not break that level and bounced from that levels to close around 5484.05.
Now we can expect Nifty to bounce up to the levels of 5535,5575 and till 5600 levels. 5610 is next major resistance on the upside where bears will try to dominate again but if bulls are able to sustain above 5610 we can expect the levels of 5780 on Nifty fut. So, short term traders should built fresh positions on the long side this week and should try to take opportunity to built longs during corrections in the market.
Stock to Buy Tomorrow (27th June 11)
Bullish Stocks for Tomorrow
Ranbaxy Laboratories Ltd. - Buy above 538 and target for 541, 544, 548.
Tata Consultancy Services Ltd. - Buy above 1142 and target for 1149, 1156, 1164.
Bajaj Auto Ltd. - Buy above 1393 and target for 1401, 1409, 1417.
Hero Honda Motors Ltd. - Buy above 1872 and target for 1882, 1894, 1906.
State Bank of India - Buy above 2295 and target for 2307, 2319, 2335.
Stock to Sell Tomorrow (27th June 11)
Bearish Stocks for Tomorrow
Reliance Infrastructure Ltd. - Sell Below 528 and target for 525, 522, 518.
Titan Industries Ltd. - Sell Below 215 and target for 214, 213, 211.
Jyothy Laboratories Ltd. - Sell Below 195.30 and target for 194.30, 193.30, 192.
Motilal Oswal Financial Services Ltd. - Sell Below 92.70 and target for 92, 91.
Religare Enterprises Ltd. - Sell Below 448 and target for 444, 440, 435.
Nifty Tips and Trend for Tomorrow (27th June '11)
Nifty made a gap up opening and moved higher after oil prices eased, relieving concerns of inflation. The index touched a high of 5,477 in the afternoon session led by rally in heavyweight ICICI Bank, Infosys and Larsen & Tourbo. The S&P CNX Nifty closed near day’s high at 5,471.25, up 151.25 points
The Nifty futures closed and settled finally at 5484 up by 167.80 points or 3.16 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5505 else below support level of 5335 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5335 & below this level the next support is seen near 5250 mark.
Bank Nifty tips and Forecast for Tomorrow (27th June '11)
In banking, CNX Bank Index gained 325.05 points or 3.12 %. Amongst the banking stocks State Bank of Mysore, State Bank of India and UCO Bank lead the row.
Bank Nifty Futures shut stop at 10880.82 up by 339.70 points or 3.22 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10610 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 10985.
SUPPORT: It has first support close to the level of 10610 & below this level the next support is seen near 10440 marks.
Stock Market Updates for the Day (24th June '11)
It was a smooth sailing up north for stocks on the Indian bourses on Friday as the bulls turned out in full strength, and, more importantly, got more and more aggressive as the session progressed.
A sharp fall in crude oil prices after the International Energy Agency announced its decision to pump in 60 million barrels of oil in the global markets, and the rally on the Asian bourses following the European Union, Greece and the IMF agreeing on an austerity plan for Greece provided the required ammunition and set up the stage for the bulls today. Some sector and stock specific stories too provided the necessary spark to the rally.
The Sensex, which sailed past 18,000 in style, went on to add another 250 plus points to hit a high of 18,268.95 in late afternoon trade and eventually ended the day at 18,240.68 with a whopping gain of 513.19 points or 2.89%.
The broader 50-stock Nifty index of the National Stock Exchange vaulted to 5477.85 and finally settled at 5471.25, recording a thumping gain of 151.25 points or 2.84%.
Stocks to Buy Tomorrow (24th June '11)
Below are 5 stocks which you can Buy tomorrow for the given targets. Be sure to Buy above the given level and go for the suggested targets.
Bullish Stocks for Tomorrow
Tata Motors Ltd. - Buy Above 948 and target for 954, 960, 966.
Tata Consultancy Services Ltd. - Buy Above 1101 and target for 1107, 1113, 1121.
ITC Ltd. - Buy Above 192 and target for 193, 194, 196.
Jindal Saw Ltd. - Buy Above 141 and target for 142, 143, 144.
Reliance Capital Ltd. - Buy Above 530 and target for 533, 536, 540.
Stocks to Sell Tomorrow (24th June '11)
Below are 5 stocks which you can Sell tomorrow for the given targets. Be sure to Sell below the given level and go for the suggested targets.
Bearish Stocks for Tomorrow
Bank of Baroda - Sell Below 844 and target for 839, 834, 828.
CMC Ltd. - Sell Below 1048 and target for 1042, 1036, 1028.
Tata Coffee Ltd. - Sell Below 729 and target for 725, 720, 715.
Sobha Developers Ltd. - Sell Below 229.50 and target for 228.50, 227, 225.
BGR Energy Systems Ltd. - Sell Below 421 and target for 419, 416, 413.
Nifty Tips and Forecast for Tomorrow (24th June '11)
Nifty opened lower following weak global cues after Ben Bernanke said that the US economy was weak and interest rates would remain unchanged for an extended period. The index touched a low of 5,252 in opening trades and quickly changed course on bargain buying in frontline shares such as Reliance Industries, Infosys and ITC.The S&P CNX Nifty finally closed at 5320, up 41.70 points or 0.79 %.
The Nifty futures closed and settled finally at 5319 up by 35.75 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5340 & above this level the next resistance is seen near the 5380 mark.
SUPPORT: It has first support close to the level of 5250 & below this level the next support is seen near 5175 mark.
Bank Nifty Tips and Trend for Tomorrow (24th June '11)
In banking, CNX Bank Index gained 51.25 points or 0.49 %. Amongst the banking stocks Karnataka Bank, Lakshmi Vilas bank, UCO Bank lead the row.
Bank Nifty Futures shut stop at 10560.45 up by 68.40 points or 0.65 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10430 else above resistance level of 10570 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10570 above this level the next resistance is seen near to the level of 10680.
SUPPORT: It has first support close to the level of 10440 & below this level the next support is seen near 10330 marks.
Stock Market Updates for Today (23rd June '11)
Shrugging off weak global cues and the data revealing a surge in food inflation, equities, led by Reliance Industries, and a few other heavyweights including ITC, ONGC and Infosys, surged higher and lifted the benchmark indices Sensex and Nifty to a buoyant close on Thursday.
Amid concerns about slowing U.S. economic growth and some weak data from the Asian region, the market got off to a weak start this morning. However, stocks rebounded soon, and, despite turning a bit listless at times, managed to sign off on a positive note today.
The Sensex, which rose to 17,454.55 in early afternoon trade, ended the day with a gain of 176.86 points or 1.01% at 17,727.49. The Nifty settled at 5320, recording a gain of 41.70 points or 0.79%. It touched a high of 5330.60 during the day.
Stocks to Buy Tomorrow (23rd June '11)
Here are 5 Stocks to Buy Tomorrow to get Profit in the market. Buy these stocks strictly above the given level and trade for the given targets.
Bullish Stocks for Tomorrow
Cipla Ltd. - Buy above 324 and target for 326, 328, 330.
Oil And Natural Gas Corporation Ltd. - Buy above 262 and target for 263, 265, 267.
Siemens Ltd. - Buy above 852 and target for 857, 862, 868.
GAIL (India) Ltd. - Buy above 440 and target for 442, 445, 448.
Bajaj Auto Ltd. - Buy above 1348 and target for 1356, 1364, 1372.
Stocks to Sell Tomorrow (23rd June '11)
Here are 5 Stocks to Sell Tomorrow to get Profit in the market. Sell these stocks strictly below the given level and trade for the given targets.
Bearish Stocks for Tomorrow
Tata Coffee Ltd. - Sell Below 744 and target for 739, 734, 728.
BGR Energy Systems Ltd. - Sell Below 437 and target for 435, 438, 435.
Aban Offshore Ltd. - Sell Below 498 and target for 495, 492, 488.
Hindustan Unilever Ltd. - Sell Below 309 and target for 307, 305, 303.
Reliance MediaWorks Ltd. - Sell Below 115 and target for 114, 113.
Technical Analysis Stock Tips Report for Nifty 50 Stocks (23rd June '11)
Technical Analysis Stock Tips of ONGC (23rd June '11)
ONGC was trading in a long term downward trend and it is now trading at 260.80, in today’s trading session it made a high of 264.40, from this level further upside of movement would be expected. The stock may reach to the level of 275 in the coming trading session. The stock has a resistance level of 265. It is looking bullish in the coming trading session; one can go for long position in it at 265 for the target of 275.
Resistance –265
Support – 248
Technical Analysis Stock Tips of Power Grid Corporation (23rd June '11)
The stock was moving sideways and in today’s trading session it made a high of 102.40, from this level further upside of movement would be expected. It is looking bullish in the coming trading session if it manages to trade and closed above the resistance level of 104 else below 100 it would be in a downward trend.
Resistance – 104
Support – 100
Technical Analysis Stock Tips of Punjab National bank (23rd June '11)
The scrip is trading sideways and showing momentum strength below 1034. It is now trading at 1041.80; from this level further downside of movement would be expected. In order to be in a downward trend it has to trade and consolidate below the 10 days and 50 days moving averages. One can go for short position in it at 1039 for the target of 1005.
Resistance –1055
Support – 1034
Technical Analysis Stock Tips of Ranbaxy Labs (23rd June '11)
Ranbaxy traded below its 10 days and 50 days moving averages with good volume and closed at 515.30, from this level further downside of movement would be expected. The stock may reach to the level of 500 if it manages to trade above the resistance level of 512, below this level it might be in a downward trend.
Resistance – 535
Support – 512
Technical Analysis Stock Tips of Reliance Capital (23rd June '11)
Reliance capital in today’s trading session manages to trade and close near to the support level of 510 and it was up by 0.21 %. It is now taking support at 510 and resistance at 522. One can go for short position in it at 510 below this level it would be in a downward trend.
Resistance – 522
Support – 510
Technical Analysis Stock Tips of Reliance Communication (23rd June '11)
The stock is in short term down trend, a negative opening made it to trade and close below the 10 days and 50 days moving averages. It is now taking support at 85 and resistance at 91. One can go for short position in it at 85 for the target of 78.
Resistance –91
Support – 85
Technical Analysis Stock Tips of Reliance Industries (23rd June '11)
It is taking resistance at 860 and support at 829, a negative opening made it to trade below the 10 days and 50 days moving averages. It is looking weak on charts from this level further downside of movement would be expected, one can go for short position in at 829 below this level it would be in a downward trend else above 860 it might be in an upward trend.
Resistance –860
Support – 828
Technical Analysis Stock Tips of Reliance Intrastructure (23rd June '11)
It is now taking support at 522 and resistance at 540. The stock is trading in a short term down trend and in today’s trading session it manage to trade and close below the 10 days and 50 days moving averages. It is looking bearish in the coming trading session if it manages to trade below the support level of 522 else above 540 it might be in an upward trend.
Resistance – 540
Support – 522
Technical Analysis Stock Tips of Reliance Power (23rd June '11)
Reliance Power in today’s trading session it manages to trade below the 10 days and 50 days moving averages. It is now looking weak on charts, from this level further downside of movement would be expected. It is taking support at 108 below this level it would be in a downward trend else above 112 it would be bullish.
Resistance – 112
Support – 108
Technical Analysis Stock Tips of Sesa Goa (23rd June '11)
After making a high of 272 it is continuously in a downward trend and made a low of 265. It is now taking support at 260 and resistance at 272. It is now trading at 268.85, form this level further downside of movement would be expected. One can go for short position in it at 260 for the target of 240.
Resistance – 275
Support – 260
Nifty Tips and Forecast for Tomorrow (23rd June '11)
The benchmark indices had an insipid closing for the second consecutive trading session. In a repeat of the market behaviour witnessed in the previous session, the domestic bourses were unable to sustain the gains for long. While the Asian markets maintained their momentum till close. The S&P CNX Nifty finally closed at 5278.30, up 2.45 points or 0.05 %.
The Nifty futures closed and settled finally at 5283.25 up by 5.40 points or 0.10 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5330& above this level the next resistance is seen near the 5380 mark.
SUPPORT: It has first support close to the level of 5260 & below this level the next support is seen near 5175 mark.
Bank Nifty Tips and Trend for Tomorrow (23rd June '11)
In banking, CNX Bank Index gained 16.05 points or 0.15 %. Amongst the banking stocks Oriental Bank of Commerce, Canara Bank and Axis Bank lead the row.
Bank Nifty Futures shut stop at 10492.05 up by +17.85 points or 0.17 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10430 else above resistance level of 10570 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10570 above this level the next resistance is seen near to the level of 10680.
SUPPORT: It has first support close to the level of 10430 & below this level the next support is seen near 10330 marks.
Stock Market Updates for Today (23rd June '11)
The market started off on a high note this morning with investors tracking positive global cues and indulging in some hectic buying across the board. But the mood soon turned cautious with investors taking note of the Indian Meteorological Department's forecast of a below normal monsoon.
A few blue chips from oil, capital goods, banking and information technology sectors did find some support, but the overall mood was cautious with a somewhat negative bias today. Consumer durables and realty stocks tumbled. FMCG stocks found the going quite tough on concerns about the progress of the monsoon. Metal, automobile, power and healthcare stocks were mostly flat. Several stocks from midcap and smallcap sections ended with notable losses.
The Sensex, which rose to 17,678.86 in early trades, faltered soon and declined to 17,492.19 in afternoon trade and finally ended the day at 17,550.63, netting a loss of 9.67 points or 0.06%.
The Nifty index of the National Stock Exchange closed at 5278.30 with a small gain of 2.45 points or 0.05%. It touched a high of 5310.50 and a low of 5262.50 during the day.
Stocks to Buy Tomorrow (22nd June '11)
Bullish Stocks for Tomorrow
Hero Honda Motors Ltd. - Buy above 1768 and target for 1778, 1788, 1798.
Axis Bank Ltd. - Buy above 1245 and target for 11251, 1257, 1265.
Glenmark Pharmaceuticals Ltd. - Buy above 310 and target for 312, 314, 316.
Federal Bank Ltd. - Buy above 436 and target for 438, 441, 444.
Tata Consultancy Services Ltd. - Buy above 1110 and target for 1116, 1122, 1130.
Hero Honda Motors Ltd. - Buy above 1768 and target for 1778, 1788, 1798.
Axis Bank Ltd. - Buy above 1245 and target for 11251, 1257, 1265.
Glenmark Pharmaceuticals Ltd. - Buy above 310 and target for 312, 314, 316.
Federal Bank Ltd. - Buy above 436 and target for 438, 441, 444.
Tata Consultancy Services Ltd. - Buy above 1110 and target for 1116, 1122, 1130.
Stocks to Sell Tomorrow (22nd June '11)
Bearish Stocks for Tomorrow
Jindal Saw Ltd. - Sell Below 141.60 and target for 141, 140, 139.
Shree Renuka Sugars Ltd. - Sell Below 57.60 and target for 57, 56.
DLF Ltd. - Sell Below 211.30 and target for 210, 208.50, 207.
Reliance Infrastructure Ltd. - Sell Below 528.50 and target for 526, 523, 519.
United Spirits Ltd. - Sell Below 914 and target for 910, 904, 898.
Jindal Saw Ltd. - Sell Below 141.60 and target for 141, 140, 139.
Shree Renuka Sugars Ltd. - Sell Below 57.60 and target for 57, 56.
DLF Ltd. - Sell Below 211.30 and target for 210, 208.50, 207.
Reliance Infrastructure Ltd. - Sell Below 528.50 and target for 526, 523, 519.
United Spirits Ltd. - Sell Below 914 and target for 910, 904, 898.
Nifty Tips and Forecast for Tomorrow (22nd June '11)
The benchmark indices had gone into a tizzy in the previous session on fears that the government may re-visit the Indo-Mauritius double taxation avoidance treaty in an attempt to tax capital gains on investments routed through Mauritius. And the woes were only compounded by the weak cues from the global market front in wake of the inability of European governments to agree on a loan payment scheme to spare Greece from default. The S&P CNX Nifty finally closed at 5275.85, up 17.95 points or 0.34 %.
The Nifty futures closed and settled finally at 5276.10 up by 16.05 points or 0.31 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5175 else above resistance level of 5380 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5380 & above this level the next resistance is seen near the 5425 mark.
SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.
Bank Nifty Tips and Trend for Tomorrow (22nd June '11)
In banking, CNX Bank Index lost -25.15 points or 0.24 %. Amongst the banking stocks Indian Overseas Bank , Union Bank and Karur Vysya Bank lead the row.
Bank Nifty Futures shut stop at 10473 down by -29.95 points or -0.28 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10330 else above resistance level of 10650 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10680 above this level the next resistance is seen near to the level of 10850.
SUPPORT: It has first support close to the level of 10430 & below this level the next support is seen near 10330 marks.
Stocks to Buy Tomorrow (21st June '11)
Bullish Stocks for Tomorrow
YES Bank Ltd. - Buy above 292.50 and target for 294, 296, 298.
Idea Cellular Ltd. - Buy above 79.60 and target for 80, 80.50, 81.
Bharti Airtel Ltd. - Buy above 391.50 and target for 392, 395, 398.
Titan Industries Ltd. - Buy above 4642 and target for 4662, 4682, 4712.
Opto Circuits India Ltd. - Buy above 287 and target for 289, 291, 293.
Stocks to Sell Tomorrow (21st June '11)
Bearish Stocks for Tomorrow
Jindal Steel & Power Ltd. - Sell Below 616.50 and target for 614.50, 612.50, 610.
IDBI Bank Ltd. - Sell Below 125.50 and target for 124.50, 123.
Tata Steel Ltd. - Sell Below 558 and target for 555, 552, 548.
Indian Oil Corporation Ltd. - Sell Below 324.50 and target for 323, 321, 319.
GAIL (India) Ltd. - Sell Below 429 and target for 427, 424, 421.
Nifty Tips and Trend for Tomorrow (21st June '11)
Indian markets ended sharply lower after a sell-off triggered on concerns of renewed tax treaty between India and Mauritius. Shares of Reliance Infrastructure and Reliance Communications along with index heavyweight Reliance Industries were the top benchmark underperformers. GTL and GTL Infrastructure plunged on multiple rumors of pledged shares being sold, FCCBs default and loan re-payment to Punjab National Bank. Technology stocks led the losses. The S&P CNX Nifty finally closed at 5257.90, down -108.50 points or -2.02 %.
The Nifty futures closed and settled finally at 5265 down by -115.10 points or -2.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5175 else above resistance level of 5380 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5380 & above this level the next resistance is seen near the 5460 mark.
SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.
Bank Nifty Tips and Forecast for Tomorrow (21st June '11)
In banking, CNX Bank Index lost -113.95 points or -1.08 %. Amongst the banking stocks Development Credit Bank, Karnataka Bank and Indian Overseas Bank lead the row.
Bank Nifty Futures shut stop at 10502.40 down by -120.20 points or -1.13 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10330 else above resistance level of 10650 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10650 above this level the next resistance is seen near to the level of 10850.
SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10090 marks.
Stock Market Updates for Today (20th June '11)
Stocks tumbled after a positive start this morning following a severe bout of selling pressure on reports of a likely resumption of talks between Mauritius and India on tax treaty arrangement. The market did stage a recovery of sorts after sources from the finance ministry clarified that no timeline has been set as yet for renegotiation of the double taxation avoidance agreement with Mauritius, but stocks faltered and drifted lower again with investors tracking cues from Asian and European bourses where stock prices retreated amid concerns about the impact of Greece's debt worries on the global economy.
Mirroring widespread selling, all the sectoral indices ended in the red today. Losses posted by realty, oil, information technology and automobile stocks were more pronounced. Metal, power, healthcare and FMCG stocks too ended mostly lower. Capital goods stocks too finished with notable losses. Some bank stocks found a bit of support midway through the session, but failed to hold at higher levels. Consumer durables stocks ended on a mixed note.
Midcap and smallcap stocks took a severe beating. The BSE Midcap index tumbled by 3.18% and the Smallcap barometer ended 3.26% down. The market breadth was very weak.
Out of 2920 stocks traded on BSE, as many as 2286 stocks declined. 554 stocks posted gains and 80 stocks ended flat. Among BSE 'A' Group stocks, 184 stocks ended weak, while 20 stocks bucked the trend and posted gains.
The Sensex, which opened more than 50 points up at 17,925.17 - it remained its high for the day - this morning, tanked to 17,314.38 in a flash, losing more than 550 points in the process. Despite coming off that level, the barometer ended the day with a big loss of 363.90 points or 2.04% at 17,506.63. The Nifty index of the National Stock Exchange settled at 5257.90, more than 60 points off the day's low of 5195.90, recording a loss of 108.50 points or 2.02%.
Intraday Stocks to Buy Tomorrow (20th June '11)
Bullish Stocks for Tomorrow
Indian Oil Corporation Ltd. - Buy above 334.50 and target for 336, 338, 340.
Bajaj Corp Ltd. - Buy above 115.70 and target for 116.70, 118.
Tata Consultancy Ltd. - Buy above 1118 and target for 1126, 1134, 1142.
Tata Steel Ltd. - Buy above 575 and target for 578, 582, 586.
Hindustan Petroleum Corporation Ltd. - Buy above 384 and target for 386, 388, 391.
Indian Oil Corporation Ltd. - Buy above 334.50 and target for 336, 338, 340.
Bajaj Corp Ltd. - Buy above 115.70 and target for 116.70, 118.
Tata Consultancy Ltd. - Buy above 1118 and target for 1126, 1134, 1142.
Tata Steel Ltd. - Buy above 575 and target for 578, 582, 586.
Hindustan Petroleum Corporation Ltd. - Buy above 384 and target for 386, 388, 391.
Intraday Stocks to Sell Tomorrow (20th June '11)
Bearish Stocks to Sell
Reliance MediaWorks Ltd. - Sell Below 130 and target for 128, 126.
YES Bank Ltd. - Sell Below 281.50 and target for 280, 278, 276.
Sesa Goa Ltd. - Sell Below 271 and target for 270, 268, 266.
Hindustan Zinc Ltd. - Sell Below 129.40 and target for 128.30, 127.
Nifty Tips and Forecast for Tomorrow (20th June '11)
The NSE benchmark NIFTY closed -30 points down as investors sold IT stocks on worries that an interest rate hike by the RBI amid deepening Euro debt crisis might derail the global economic recovery.. The S&P CNX Nifty finally closed at 5366.40, down -30.35 points or -0.56 %.
The Nifty futures closed and settled finally at 5372.70 down by -29.70 points or -0.55 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5310 else above resistance level of 5440 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5230 mark.
Bank Nifty Tips and trend for Tomorrow (20th June '11)
In banking, CNX Bank Index gained 26.10 points or 0.25 %. Amongst the banking stocks Indian Overseas Bank, South Indian Bank and Axis Bank lead the row.
Bank Nifty Futures shut stop at 10622.60 up by 31.50 points or 0.33 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10500 else above resistance level of 10750 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10500 & below this level the next support is seen near 10330 marks.
Stock Market Updates for today (17th June '11)
Weak global markets and concerns about growth following the recent rate hike and fears of further monetary tightening measures from the central bank rendered the mood bearish on the major Indian bourses today and pushed the key indices Sensex and Nifty to their third successive close in the red.
The market opened on a firm note this morning on the back of some bargain hunting in a few blue chip stocks. But the buoyancy proved quite short-lived as investors turned cautious and started pressing sales in several blue chips.
The Sensex, which plunged to 17,844.09, ended the day at 17,870.53 with a loss of 115.35 points or 0.64%. The Nifty closed at 5366.40, slightly off the day's low of 5355.85, netting a loss of 30.35 points or 0.56%.
Intraday Share Tips for Tomorrow (Stocks to Buy - 17th June '11)
Bullish Stocks for Tomorrow
Bharat Petroleum Corporation Ltd. - Buy above 633 and target for 637, 641, 645.
Uflex Ltd. - Buy above 210.50 and target for 211.50, 212.50, 214.
Lupin Ltd. - Buy above 450 and target for 453, 456, 459.
Raymond Ltd. - Buy above 388 and target for 390, 392, 395.
Housing Development & Infrastructure Ltd. - Buy above 175.50 and target for 176.60, 177.60, 179.
Intraday Share Tips for Tomorrow (Stocks to Sell - 17th June '11)
Bearish Stocks for Tomorrow
Steel Authority of India (SAIL) Ltd. - Sell Below 136 and target for 135, 134, 133.
Hindustan Copper Ltd. - Sell below 273.50 and target for 272, 270, 268.
Reliance Industries Ltd. - Sell below 884 and target for 880, 875, 869.
United Spirits Ltd. - Sell below 938 and target for 934, 928, 921.
MphasiS Ltd. - Sell below 449 and target for 447, 444, 440.
Nifty Tips and Forecast for Tomorrow (17th June '11)
Markets succumbed to selling pressure in the last leg of trade after Reserve Bank of India raised rates by 25 bps which may weigh on margins and profitability of India Inc as loans would become more expensive. The S&P CNX Nifty finally closed near day’s low at 5396.75, down -50.75 points or -2.48 %.
The Nifty futures closed and settled finally at 5409 down by -41.60 points or -0.76 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5350 else above resistance level of 54 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5460 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5230 mark.
Bank Nifty Tips and Trends for Tomorrow (17th June '11)
In banking, CNX Bank Index lost -54.50 points or -0.51 %. Amongst the banking stocks Bank of Maharashtra, Union Bank of India and Punjab National Bank lead the row.
Bank Nifty Futures shut stop at 10601 down by -35.40 points or -0.33 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10500 & below this level the next support is seen near 10330 marks.
Stock Markets Updates for the Day (16th June '11)
Amid concerns about a likely fall in margins following the latest round of rate hike by the central bank and on lingering worries about the global economy in the backdrop of some weak reports from the U.S., and parts of Asia and Europe, the market ended notably lower on Thursday as investors pressed sales in several blue chips, including heavyweights Reliance Industries, Infosys Technologies and Larsen & Toubro.
Information technology, capital goods, metal, consumer durables, oil and automobile stocks ended notably lower. Realty and bank stocks found some support after a sharp fall and ended off their lows. Select FMCG and healthcare stocks edged higher.
The Sensex, which staged a couple of smart rallied after spending more than three hours in the red, declined to 18,155.10 in late afternoon trade and finally ended the day at 17,985.58, recording a loss of 146.36 points or 0.81%. The Nifty settled at 5396.75, slightly off the day's low of 5389.80, netting a loss of 50.75 points or 0.93%.
Intraday Share Tips for Tomorrow (Stocks to Buy - 16th June '11)
Bullish Stocks for Tomorrow
Tata Motors Ltd. - Buy above 998 and target for 1004, 1010, 1016.
Apollo Hospitals Enterprise Ltd. - Buy above 500 and target for 503, 506, 510.
Godrej Industries Ltd. - Buy above 198 and target for 199, 200, 202.
Aventis Pharma Ltd. - Buy above 2038 and target for 2048, 2060, 2075.
Patni Computer Systems Ltd. - Buy above 358.50 and target for 360, 362, 365.
Intraday Share Tips for Tomorrow (Stocks to Sell - 16th June '11)
Bearish Stocks for Tomorrow
GAIL (India) Ltd. - Sell below 440.50 and target for 438, 435, 432.
NTPC Ltd. - Sell below 176.50 and target for 175.50, 174.50, 173.
State Bank of India - Sell below 2175 and target for 2165, 2153, 2140.
Reliance Power Ltd. - Sell below 115.30 and target for 114.30, 113.
Wipro Ltd. - Sell below 422 and target for 420, 417, 414.
Nifty Tips and Trend for the Day (16th June '11)
Markets extended losses in afternoon session and ended near day's low due to losses in rate sensitive shares ahead of the credit policy tomorrow. The S&P CNX Nifty opened in the red and was dragged due to selling pressure in banking and realty shares as 25 basis point rate hike is expected during the monetary policy on Thursday. Nifty closed near day's low at 5,448 - down 53 points.
The Nifty futures closed and settled finally at 5452.65 down by -63.15 points or -1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5435 else above resistance level of 5505 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5435 & below this level the next support is seen near 5310 mark.
Bank Nifty Tips and Forecast for the Day (16th June '11)
In banking, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Bank lead the row.
Bank Nifty Futures shut stop at 10633 down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10330 marks.
Stock Market Updates for the Day (16th June '11)
The market ended notably lower today as investors pressed sales ahead of RBI's monetary policy review. A mixed close in Asian markets and weak European stocks too hurt sentiment to an extent.
The Sensex ended at 18,127.82 (provisional) with a loss of 177.99 points or 0.97%. The Nifty closed at 5447.10, down 53.40 points or 0.97%.
Bank, realty, IT, power and oil stocks ended with notable losses. PSU, metal and capital goods stocks too declined. Auto, pharma and FMCG stocks found modest support at lower levels.
Midcap and smallcap stocks declined after moving sideways for a long time. The overall market breadth was weak.
Intraday Stocks to Buy Tomorrow (15th June '11)
Bullish Stocks for Tomorrow
Axis Bank Ltd. - Buy above 1265 and target for 1271, 1278, 1286.
Bajaj Auto Ltd. - Buy above 1380 and target for 1387, 1394, 1402.
Adani Enterprises Ltd. - Buy above 681 and target for 685, 689, 694.
Lupin Ltd. - Buy above 441.40 and target for 443, 446, 449.
Tata Consultancy Services Ltd. - Buy above 1196 and target for 1202, 1208, 1214.
Intraday Stocks to Sell Tomorrow (15th June '11)
Bearish Stocks for Tomorrow
Max India Ltd. - Sell below 175.70 and target for 174.70, 173.70, 172.
Hindalco Industries Ltd. - Sell below 176 and target for 175, 174, 172.
Reliance Industrial InfraStructure Ltd. - Sell below 567 and target for 564, 560, 556.
Infrastructure Development Finance Company Ltd. - Sell below 129 and target for 128, 127, 126.
United Breweries Ltd. - Sell below 572 and target for 569, 566, 562.
Nifty Tips and Forecast for Tomorrow (15th June '11)
Equities ended a lackluster session on a positive note as the market discounted higher than expected inflation. WPI May inflation rose to 9.06 per cent against 8.66 per cent in April. National Stock Exchange's Nifty ended at 5500.50, up 17.70 points or 0.32 % per cent. The broader index touched a high of 5520.15 and low of 5484.20 intraday.
The Nifty futures closed and settled finally at 5516.10 up by 17.60 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5545 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5545 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5310 mark.
Bank Nifty Tips and Trend for Tomorrow (15th June '11)
In banking, CNX Bank Index gained 86.45 points or 0.81 %. Amongst the banking stocks Axis Bank, Central Bank and ICICI Bank lead the row.
Bank Nifty Futures shut stop at 10824.30 up by 91.90 points or 0.86 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10600 marks.
Stock Market Updates for Today (14th June '11)
After a fairly sharp upmove in early trade, the market gave up some gains and then briefly slipped into the red before recovering ground and edging higher to sign off on a positive note on Tuesday.
While a firm trend in most of the markets in the Asian region set up a good start, stocks retreated around noon after data from the government revealed a surge in headline inflation. Amid concerns about a hike in interest rate and on worries the economy could see a slowdown for the next couple of quarters, if not longer, investors treaded cautiously and largely refrained from building up big positions.
The Sensex, which rose to 18,380.19 in morning trade, but dropped down to 18,261 around early afternoon, ended the day at 18,308.66 with a modest gain of 42.63 points or 0.23%. The Nifty closed at 5500.50, recording a gain of 17.70 points or 0.32%. The NSE benchmark touched a high of 5520.15 and a low of 5484.20 during the session.
Intraday Stocks to Buy Tomorrow (14th June '11)
Bullish Stocks for Tomorrow
BGR Energy Systems Ltd. - Buy above 500 and target for 503, 506, 510.
United Phosphorus Ltd. - Buy above 160 and target for 161, 162, 163.
NTPC Ltd. - Buy above 181 and target for 182, 183, 185.
Patel Engineering Ltd. - Buy above 162.50 and target for 163.50, 164.50, 166.
Gitanjali Gems Ltd. - Buy above 294.50 and target for 296, 298, 300.
Intraday Stocks to Sell Tomorrow (14th June '11)
Bearsih Stocks for Tomorrow
Venky's (India) Ltd. - Sell Below 602 and look for the targets of 598, 594, 590.
Aban Offshore Ltd. - Sell below 554 and target for 551, 547, 543.
Hindalco Industries Ltd. - Sell below 179.50 and target for 178, 176.
Coal India Ltd. - Sell below 394 and target for 392, 389, 386.
Nifty Tips and Trend for Tomorrow (14th June '11)
The benchmark indices ended around the previous week's levels, but not before undergoing some jitters in the course of the day. The S&P CNX Nifty touched a low of 5,436.95 in the afternoon session and recovered fully to close at 5,482.80, down -3.00 points.
The Nifty futures closed and settled finally at 5501.90 up by 17.75 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5520 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5310 mark.
Bank Nifty Tips and Forecast for Tomorrow (14th June '11)
In banking, CNX Bank Index gained 3.25 points or 0.03 %. Amongst the banking stocks Karnataka Bank, Jammu & Kashmir Bank and Lakshmi Vilas Bank lead the row.
Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10815 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10430 marks.
Stock Market Updates for Today (13th June '11)
After a weak start and a subsequent fall to lower levels, the market staged a fairly smart recovery in late morning trade, and then, after a brief flourish, turned choppy and ended the session on a flat note today as investors trade cautiously, amid uncertainty about the near term trend.
Weakness in Asian markets on the back of lingering worries about slowing global economy triggered some hectic selling in the morning session. However, with investors picking up stocks at lower levels, buoyed by modest gains posted by European markets and U.S. index futures, the market gained in a bit of strength as the session progressed.
The Sensex, which opened modestly lower at 18,242.25 and tumbled to 18,120.76 after an hour or so, ended the day with a loss of 2.51 points or 0.01% at 18,266.13, nearly 50 points off the day's high. The Nifty index of the National Stock Exchange closed at 5482.80, netting a loss of 3 points or 0.05%. The NSE barometer touched a low of 5436.95 during the day.
Commodity Markets Forecast for the Coming Week (13th – 17th June ’11)
MCX Commodity:
Nickel
In MCX Commodities Nickel could be bullish, as we saw, last week nickel was consolidating around lower levels. So, in the coming week we could expect some short covering in it around lower levels. So, for the next week in nickel one should go for buy on lower levels strategy. If it sustains above the level of 1035 then above the level of 1041 it could reach around the level of 1058.
NCDEX commodity:
Soybean
In NCDEX Agri Soyabean could be bearish. Last week it was not sustaining at higher levels. So, for the coming week in soybean, one should go for sell on higher levels strategy. If it sustains below the level of 2340 then below the level of 2325 it could reach around the level of 2300.
Stocks to Trade for the Week (13th – 17th June ’11)
India info Line:
The stock is moving under tight range from long time. If it manages to sustain above 84 levels then It will continue its bull run. One can go for long position in India Info line above 84 for the target of 88, 92 with stop loss of 80.
Apollo tyre:
The stock is looking nice on charts. In last week market was in correction phase but this stock maintains its strength. If it breaks its major resistance of 73 it will take up move till 80. Traders should buy above 73 levels for the target of 78/80 with stop loss 69.
Stocks to Buy Tomorrow (13th June '11)
Bullish Stocks for Tomorrow
Reliance Industrial InfraStructure Ltd. - Buy above 572 for the targets of 575, 578, 582.
Punj Lloyd Ltd. - Buy above 66.10 for the targets of 66.50, 67, 67.50.
Bombay Dyeing & Manufacturing Company Ltd. - Buy above 375.50 for the targets of 377, 379, 382.
Development Credit Bank Ltd. - Buy above 61.30 for the targets of , 61.60, 62, 62.50.
GlaxoSmithKline Pharmaceuticals Ltd. - Buy above 2412 for the targets of 2424, 2438, 2454.
Reliance Industrial InfraStructure Ltd. - Buy above 572 for the targets of 575, 578, 582.
Punj Lloyd Ltd. - Buy above 66.10 for the targets of 66.50, 67, 67.50.
Bombay Dyeing & Manufacturing Company Ltd. - Buy above 375.50 for the targets of 377, 379, 382.
Development Credit Bank Ltd. - Buy above 61.30 for the targets of , 61.60, 62, 62.50.
GlaxoSmithKline Pharmaceuticals Ltd. - Buy above 2412 for the targets of 2424, 2438, 2454.
Stocks to Sell Tomorrow (13th June '11)
Bearish Stocks for Tomorrow
Reliance MediaWorks Ltd. - Sell below 129.80 and target for 129, 128.20, 127.40.
Hindustan Petroleum Corporation Ltd. - Sell below 364 and target for 362, 360, 357.
Steel Authority of India (SAIL) Ltd. - Sell below 144 and target for 143, 142, 141.
MphasiS Ltd. - Sell below 457 and target for 454, 451, 448.
Suzlon Energy Ltd. - Sell below 51.50 and target for 51, 50.50, 50.
Nifty Tips and Trend for Tomorrow (13th June '11)
The markets ended lower for the third straight day as slower IIP growth coupled with weak global cues weighed on the investor sentiment. The Nifty opened in red and remained subdued until the industrial output data for the month of April came in at 6.3%, putting pressure on stocks from capital intensive sectors. The S&P CNX Nifty touched a low of 5,457 in the afternoon session and recovered partially to close at 5,486, down -35.25 points.
The Nifty futures closed and settled finally at 5484.15 down by -35 points or -0.63 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5520 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5320 mark.
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