Showing posts with label share market stock. Show all posts
Showing posts with label share market stock. Show all posts

Why Market is down?


The market will get capped upwards, close to 5,250-5,350 range. After that, it will remain in the range of 4,750-5,250 because the down fall of the US margkets,while they are aiming towards reviving economy, we need to see something quite concrete coming up from the eurozone as well. Hence, September would still remain little range bound.
If the Nifty goes to 5300, it is actually a sell zone, not a buy zone. It is a right time to play individual stocks. If stocks reach the individual levels, then this is a good time to take profits if you manage to buy lower.
Other factor is Obama's package is mainly based on tax cuts which remain to be seen on what the real impact on the economy would be. The market is still skeptical about the impact, and the focus is still on finding a solution in Europe. 

Suggestions-
There is a possible a bull spread of 5,200 to 5,400 on the Nifty, but with a stop of 5,090.
Go for  : Tata Steel, Sterlite
Sell      : Reliance
Avoid   : Bata, Jubilant

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Nifty Futures Trend For Coming Monday


Today is probably the first day of a meaningful correction after five or six or seven days of rally that we have seen and the broader markets have performed well as well. All Market were down today. As FIIs pared their holdings following depreciation of rupee to one-year low, equity benchmarks fell face down Today. Nifty Futures was looking bullish after the great recovery of last some trading sessions, buy today it was also down. Nifty Futures tumbled 112.00 points or 2.17% and sattal at 5,043.00.
Technically it is looking bearish in the coming trading session if it manages to trade below the Support level of 4,960 else above the Resistance level of 5120 it would be bullish. 

Technical Levels in Nifty Futures for Monday:

Resistance  :  R1  :  5120,  R2  :  5190.
Support        :  S1  :  4960,  S2  :  4890.

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Stock Intraday Calls For Monday: 5th Sep '11


Bharti Airtel Ltd.
Sell Bharti Airtel below 407,
Target: 403-399, Stoploss: 411. 

IndusInd Bank Ltd.
Buy IndusInd Bank above 252,
Target: 254-256.40, Stoploss: 249. 

State Bank of India
Buy State Bank of India above 1996,
Target: 2011-2026, Stoploss: 1979.

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Nifty Intraday Outlook For Tomorrow: 30th Aug '11


As the new contract has been started in this month, market has taken a high jump. The third biggest rally of 2011 took place on the first day of the week. The 30-share BSE Sensex surged 567.5 points, to close at 16,416.33. Meanwhile, the 50-share NSE Nifty jumped 172 points, to end at 4,920 after hitting an intra-day high of 4,934.40. Market remain in the same position tomorrow also!!
 
Technical Levels in Nifty-50 for Tomorrow:

Resistance  :   R1  :   5020,   R2  :  5110.
Support        :   S1  :   4860,   S2  :   4800.

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What to do in Bearish Market?


The bears got control of the Dalal Street in the last hours of today's trading session, which resulted in the Nifty closing below 18-month low level. Huge selling pressure on market when the Nifty broke the 4800-mark. The 30-share BSE Sensex plunged 297.50 points to close at 15,848.83 after hitting an intra-day low of 15,765.53. The 50-share NSE Nifty touched an intra-day low of 4,720, before closing the session at 4,747.80 (lowest closing for the first time since February 5, 2010), down 91.80 points.
So what should do a trader in this market?? 

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