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


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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Market continuously going upside. Sensex overcame a choppy early session and climbed for a third day to their best close in five weeks on Thursday, with export-driven software services companies among the gainers in anticipation of US moves to bolster its flagging economy.
BSE Sensex rose 0.59 per cent, or 100.54, to 17,165.54, its highest close since Aug. 5, with half its components gaining. and the 50-share NSE Nifty jumped +28.60 points to end at 5,153.25. Technically Market is looking bullish so it hold the same position in next trading session also!! 
 
Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5230,  R2  :  5290.
Support        :  S1  :  4960,  S2  :  4890.

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After the small bearish trend of yesterday market was bullish today. Today it has again change its side and set itself in bullish position. Short covering in European markets post deep cut yesterday too improved sentiments. The 30-share BSE Sensex recovered from yesterday's loss - rose 149.48 points to close at 16,862.81 and the 50-share NSE Nifty jumped 47.10 points to end at 5,064.30. Market may hold the same position in next trading session also!! 

Technical Levels in Nifty-50 for Monday:

Resistance  :  R1  :  5150,  R2  :  5220.
Support        :  S1  :  4970,  S2  :  4900.

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Continuously Market was going upside till last trading session but today it has change its side and set itself in red position. Because of most of the market are down today, European markets are down about 2.5% and Asian markets also had a fairly rough day. In contrast to that, India has not done too badly. The 30-share BSE Sensex down by -108.13 points, to close at 16,713.33. Meanwhile, the 50-share NSE Nifty down by -22.80 points, to end at 5,017.20 after hitting an intra-day high of 5,123.7. Market may hold the same position in next trading session also!! 

Technical Levels in Nifty-50 for Monday:

Resistance  :  R1  :  5100,  R2  : 5170.
Support        :  S1  :  4930,  S2  :  4860.

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Continuously Market is going upside, the bulls gained control of the Dalal Street in last trading sessions, which resulted in the the whole market is looking to recover from the previous bearish trend. As the new contract has been started in this month, market has taken again a small jump as we predicted. The 30-share BSE Sensex surged +144.71 points, to close at 16,821.46. Meanwhile, the 50-share NSE Nifty jumped +39.00 points, to end at 5,040.00 after hitting an intra-day high of 5,198.35. Market may hold the same position in next trading session also!! 

Technical Levels in Nifty-50 for Monday:

Resistance  :  R1 :  5130,  R2  :  5200.
Support        :  S1 :  4960,  S2  :  4890.

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The bulls gained control of the Dalal Street whole the day of trade, which resulted in the Nifty closing just above the 5000 level. As the new contract has been started in this month, market has taken again a high jump as we predicted. The 30-share BSE Sensex surged 260.42 points, to close at 16,676.75. Meanwhile, the 50-share NSE Nifty jumped 81.40 points, to end at 5,001.00 after hitting an intra-day high of 5,030.30. Market remain in the same position tomorrow also!! 

Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5090,  R2  :  5160.
Support        :  S1  :  4920,   S2  :  4850.

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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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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.
We recommend that stay away from long term positions and trade in Intraday manner. 

Technical Levels for Nifty- 

Resistance : R1 : 4800,  R2 : 4860.
Support       : S1 : 4650,  S2 : 4590.

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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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Today Nifty Futures Closed at 4,880.00 with the down points of -67.40 or down by -1.36%. Nifty Futures showed selling pressure from resistance near 4900 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 4850 levels. Volatility may be continuing for next few days. For daily purpose, trend deciding level are- 

Resistance:   R1  :   4970,    R2  :   5040.
Support    :    S1  :   4800,    S2  :   4750.

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Again Market crashed today, It can't remain in the same position of yesterday. Today Market has shown selling pressure and Sensex closed at 16,284.98 with the -213.49 down points or down by -1.29%. And the Nifty closed at 4,888.90 having -60.00 negative points or -1.21% down. Tomorrow Market may show its strength again. 

Technical Levels for Nifty for Tomorrow-

Resistance   :   R1  :   4970,    R2   :   5050.
Support       :    S1  :   4800,    S2   :   4740.

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After the huge bearish trend of yesterday the market has continuously gone down today, opened on a strong note today but at the end of the trading session it was down. Today Sensex closed at 18,432.25 with -85.97 down points or -0.46% down. And the Nifty closed at 5,546.80 with -28.05 negative points or down by -0.50%. And it will open in a same manner tomorrow.
In Nifty technically the market is in a typically sideways zone with 5450 as a strong support zone to work with and 5650 as a strong resistance zone to work with.It is looking bearish in the coming trading session if it manages to trade below the support level of 5450 else above the resistance level of 5650 it would be bullish trend.

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Bharti Airtel Ltd.
Buy Bharti Airtel above 399,
Target: 405-411, Stoploss: 387. 

Godrej Industries Ltd.
Buy Godrej Industries above 223,
Target: 227-231, Stoploss: 215. 

State Bank of India
Buy State Bank of India above 2484,
Target: 2495-2508, Stoploss: 2460.

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A Trading Strategy can be executed by a trader manually or automated by computer. Manual trading requires a great deal of skill and discipline. It is tempting for the trader to deviate from the strategy, which usually reduces its performance.

An automated trading strategy wraps trading formulas into automated order and execution systems. Advanced computer modeling techniques, combined with electronic access to world market data and information, enable traders using a trading strategy to have a unique market vantage point. A trading strategy can automate all or part of your investment portfolio. Computer trading models can be adjusted for either conservative or aggressive trading styles.

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Here are some stocks which Having a good trading volum and may open with a positive mode, these are-


BAJAJ AUTO
Stock -   BAJAJ-AUTO
R2                R1               PP                 S1                   S2
1427.8         1405           1387.3            1364.5            1346.8
TECHNICAL OVERVIEW-
Bajaj Auto is in correction phase after upside shown in previous sessions. The stock today managed to breach its support level; one may go for sell on rise strategy in the stock as the stock is expected to continue its correction in coming trading sessions as well.
Major Support Level- 1340
Major Resistance Level-1422


SESA GOA
DAILY ANALYSIS
Stock - SESAGOA
R2                  R1                 PP                 S1                  S2
329.35          323.95            317.3             311.9              305.25


TECHNICAL OVERVIEW -
The stock had a corrective rally after a continuous up trend previously. One could go for sell on rise strategy in the stock as it is expected to continue its correction.
Major Support Level- 295
Major Resistance level- 336



SBI
DAILY ANALYSIS
Stock- SBIN
R2                 R1                  PP                   S1                  S2
2816.55       2799.6           2781.05            2764.1           2745.55


TECHNICAL OVERVIEW-
The stock is consolidating currently. It has resistance at 2855; crossing of this level will take the stock further upwards.
Major Support Level- 2700
Major Resistance Level- 2855

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