Buy Voltas Ltd. On Dips - Stock Recommendations

A lot of stocks are there in which you get bad results at the time and suddenly the stock blows up & give handsome recovery. Voltas Ltd. is a stock like that. The price action shows that Voltas has bottomed out and the next target over a period of time could be easily closer to Rs 148 to Rs 150. Whenever the stock declines, consolidates, it's a decent buy and now you can keep a stoploss of about Rs 95 to Rs 100.

Nifty Outlook and Trading Strategy For Tomorrow 16-Feb

It was great day for Indian Stock Markets. Both indices (Nifty and Sensex) traded very well and closed above the important psychological levels of 5500 and 18000 respectively. Nifty registered a break out above the level of 5,450 and continued its upside momentum. The upside momentum is still very strong and may now take the Nifty higher to test the level of 5,648 which is the 61.80% Fibonacci retracement level of the entire decline from the peak in November 2010 till the lows of December 2012. Now the level of 5,400 would act as an important support for Nifty. We recommend holding on Nifty long positions with a stop loss of 5,400.

Mid-term Stock Trading Tips - Best Stock Recommendations

Following are the stocks suggested to buy for mid term period :

Infosys Ltd

• Recommendation: Buy
• Market price: Rs 2776
• Target price: Rs 3225
• Most profitable amongst frontline Indian IT cos. Key positives in Q3 are a 0.8% increase in revenue productivity in constant currency, five large deal wins.

 
Sintex Industries Ltd

• Recommendation: Buy
• Market price: Rs 100
• Target price: Rs 112
• The long-term growth story is intact with government’s spending on low-cost housing and social infrastructure. Continuous innovations to drive next phase of growth.

 
ICICI Bank Ltd

• Recommendation: Buy
• Market price: Rs 928
• Target price: Rs 1100
• After a period of consolidation over the past two years, focus has shifted to loan growth with corporate and secured retail loans being key drivers.

 
ITC Ltd

• Recommendation: Buy
• Market price: Rs 203
• Target price: Rs 230
• We are positive on long-term demand growth in cigarette business due to rising affordability. Non-cigarette businesses can fund their own growth.

 
Hero MotoCorp Ltd

• Recommendation: Buy
• Market price: Rs 1961
• Target price: Rs 2253
• Leader in domestic market. Volume growth to remain stable, driven by recovery in urban markets and increasing penetration of its product in rural markets.

MCX Bullions Outlook - Intraday Trend

MCX Gold

Gold prices are expected to trade lower one can sell around 28000 – 28050 with a stop loss of 28250 for the downside target at 27750- 700.oscillators indicating a flat to negative move.

Intraday Technical Levels :
   S3     |    S2     |     S1     |       R1     |      R2     |     R3
27700  |  27850 |  28000  |    28120   |  28230   |  28350

MCX Silver

Silver prices are likely to test 56100 – 55800 on lower end one can sell around 56700 -56800 with a stop loss above 57300.oscilators indicating a flat to negative move ahead. Fresh long is recommended only above the close of 57500.

Intraday Technical Levels :
   S3     |    S2     |     S1     |       R1     |      R2     |     R3
55200  |  55700 |  56100  |    56500   |   57300  |  57800

Stocks Intraday Tips For Today 14-Feb

BUY Pantaloon Retail above 177, TGT 180-182, SL    174.50

BUY Reliance Inds. above 852, TGT 860-865, SL 845.00

BUY Sesa Goa above 245.50, TGT 249-250.90, SL 242.00

BUY DLF    Ltd. above 231, TGT 233.30-235, SL 228.55

SELL Aurobindo Pharma below 109, TGT 106.50-105, SL 110.10

BUY Punj Lloyd above 59.70, TGT 61.30-62.50, SL 58.50

Nifty Intraday Outlook For Tomorrow 14-Feb

Nifty has been consolidating in a sideways zone of around 125 points since past few sessions and it is trading near an important resistance level of 5,435. Similarly the level of 5,320 could be an immediate support for Nifty. If 5,320 is violated then we may see further downside till 5,225 and below that the next major support is only placed at 5,100. We recommend profit taking in long positions if Nifty fails to clear the level of 5,450 on upside and trailing stop losses for long positions to 5,320.

Buy Power Grid Corporation - Best Stock Recommendations

We recommend to buy Power Grid Corporation of India with a price target of Rs 120 in its report dated Feb. 13, 2012. The stock is looking good for long at current levels and we maintain our views as buy.

We remain uptrend on Power Grid's (PWGR's) earnings growth prospects post management`s commentary on key issues at its analyst meeting on February 10 (post the 3QFY12 earnings release on February 8).

Nifty Outlook For Next Week - Trading Strategy

After a consistent rally of past 8 weeks, Nifty Futures is consolidating between 5,450 and 5,300. Now, the important levels to watch are placed at 5,320 and 5,250. We expect Nifty Futures to stay above 5250 and upward breakout is placed at 5,460. Once, the breakout is materialized, Nifty Futures is likely to test 5,510 levels and the positional target is near 5,600 levels. On downward side, if 5,250 is breached, then strong support is placed at 5,150 which is 200-day EMA. 

The current uptrend is indicating intermediate trend reversal and higher top and higher bottom formation is expected to continue. Mid-cap and small cap sector stocks are likely to outperform. We recommend buying in these stocks with well-defined stop losses, long positions near 5450 and trailing stop losses for long positions to 5,320.

Stocks Intraday Tips For Today 10-Feb

BUY Orchid Chemicals above 170, TGT 173-175, SL 166.80

BUY Bharti Airtel above 350, TGT 355-358, SL 344.70

SELL Bank of India below 369, TGT 365-362, SL 373.20

BUY Essar Oil above 68.20, TGT 70-71, SL 66.50

BUY D C Holdings above 50.55, TGT 52.40-53.90, SL 47.90

BUY Biocon above 288, TGT 292-295, SL 284.60

SELL Dev.Credit Bank above 47.60, TGT 46.50-45.75, SL 48.50

Stock Futures and Options Tips 10-Feb

SUN TV NETWORK LIMITED
Lot Size 1000
Future Expiry : Mar 29, 2012   
Sell below 324 for target of Rs 280 and stoploss of Rs 337.

HOUSING DEV & INFRA LTD
Lot Size 2000
Future Expiry : Mar 29, 2012       
Buy above 1.05 for target of Rs 4.00 and stoploss of Rs 0.30

YES BANK LIMITED
Lot Size 1000
Option PE 300
Expiry : Feb 23, 2012
Buy above 1.75 for target of Rs 12 and stoploss of Rs 0.20

TATA STEEL LIMITED
Lot Size 500
Option CE 460
Expiry : Feb 23, 2012   
Buy above 16.50 for target of Rs 30 and stoploss of Rs 10.00

Best Stocks To Buy - Share Trading Recommendations

I have been recommending Hathway Cable & Datacom Ltd to buy. The stock looks on chart and 177 is one of the price targets and beyond that this stock could even test 220 levels. So, this stock is having a very strong medium-term uptrend. Last two days has just got some momentum and that is why it is moving very fast. Traders are recommended to buy at current level for Price target of 177-195 for near term and 220 for medium term.

Nifty Outlook & Trading Strategy For Tomorrow 10-Feb

Finally Nifty has closed above 5,400 level after many trading session which indicates that the short term trend has turned positive. Global developments will continue to play crucial role in sentiment preparation. Cautious approach is recommended to traders as market has become highly volatile. On the domestic front, impending elections and the resultant anticipation of election winners will influence market sentiments. Downside support exists at 5,320 and then 5,260.

For intraday trading tomorrow, immediate resistance exists at 5450 level, and any trades above this level may lead Nifty to the 5,500 5,550 levels.. For Nifty intraday support exists at 5350 level and any trades below this level would intensify selling pressure till 5,300-5,250levels..

Stock Market Trend For Tomorrow 09-Feb

Markets traded range-bound today and closed with moderate gains. Nifty is consolidating in 5,400-5,300 zone from 3 consecutive days. Bulls and bears have been indecisive. Decisive price action may be seen only above 5,400 levels or below 5,300 levels. In the range of 5,400-5,300 levels, volatility may be seen. 

For intraday trading tomorrow 09-Feb, trend deciding level is at 5,350. If Nifty shows strength above 5350 level and manages to trade above this, then rally to 5,400-5,450-5,500 may be seen. On the downside if Nifty fails to trade above 5,350 levels then selling pressure till 5,300-5,250-5,200 may also be seen.