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Wednesday, 31 August 2011

Nifty Intraday Outlook For Friday 02-Sept

Nifty showed good strength for second consecutive day and closed in green crossing important psychological level of 5,000 with higher volumes. Positive cues from European markets pulled Indian markets. Bulls are having control at the moment. Buying interest may be continuing above 4,980 levels.

For intraday trading, trend deciding level is 4,980-5,000. If Nifty shows strength above these levels, then rally to 5,050-5,100-5,165 may be seen. On the downside if Nifty does not how strength above 4,980 levels then selling pressure till 4,930-4,875-4,820 may also be seen.

Monday, 29 August 2011

Intraday Stock Tips For Tomorrow 30-Aug

Coal India Ltd.
Buy above 370 for target of Rs 375-378-381.30 with placing a stop loss of Rs 364.50.

ABG Shipyard Ltd.
Buy above 375 for target of Rs 379-382-385+ with placing a stop loss of Rs 370.

Exide Industries Ltd.
Buy above 150 for target of Rs 152.70-154.50-156 with placing a stop loss of Rs 146.60.

Jindal Steel & Power Ltd.
Buy above 495.40 for target of Rs 501-505-518 with placing a stop loss of Rs 489.

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Market Trend For Tomorrow 30-Aug

It was a cheerful start for the Indian stock markets. Both benchmark indices (Nifty and Sensex) opened gap up on positive global cues and witnessed early gains for the whole session. Nifty managed to close above a crucial psychological level of 4900 which indicates that market bulls trend in coming sessions.

For intraday trading tomorrow, 4865 is the immediate support for Nifty and if this is broken, next support is seen at 4830-4800. On the upside, 4955 is the immediate resistance for Nifty and any gains above these levels are likely to face strong resistance at 5000-5050.

Saturday, 27 August 2011

Intraday Stock Tips For Monday 29-Aug

Mahindra & Mahindra Ltd.
Buy above 710 for target of Rs 718-725-730 with placing a stop loss of Rs 701.

Apollo Tyres Ltd.
Buy above 55 for target of Rs 56.40-57.25-58 with placing a stop loss of Rs 53.

Jindal Poly Films Ltd.
Sell below 202 for target of Rs 199-197-195.30 with placing a stop loss of Rs 206.

Cairn India Ltd.
Sell below 250 for target of Rs 246-243.60-240 with placing a stop loss of Rs 255.

Friday, 26 August 2011

Nifty Intraday Outlook For Monday 29-Aug

Nifty has tested the lower support level of 4,720-4,700. The intermediate term trend continues to be bearish. The volatility in the Indian markets would continue to stay as inflation still remain high and is even likely to surprise on a higher side and there is a fear that RBI would continue with its monetary stance. As well as global developments may continue to cast a shadow on the stock market.

 For intraday trading on Monday, 4700 is the immediate support for Nifty and if this is broken, next support may be seen at 4665-4620. On higher levels, 4780 may act as the immediate resistance for Nifty and any trades above these levels are likely to face stiff resistance at 4830-4875.

Thursday, 25 August 2011

Stocks Intraday Tips For Tomorrow 26-August

Sun TV Network Ltd.
Buy above 305 for target of Rs 309-312-314 with placing a stop loss of Rs 301.20.

Jindal Poly Films Ltd.
Sell around 212-214 for target of Rs 208.55-206-204 with placing a stop loss of Rs 218.

Dhanlaxmi Bank Ltd.
Buy above 73.40 for target of Rs 75-76-76.75 with placing a stop loss of Rs 71.80

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Nifty Intraday Outlook For Tomorrow 26 Aug

It was second consecutive sluggish day for Indian Stock Markets. Both benchmark indices traded choppy and closed in red on F&O expiry. For Nifty index bears are having control at the moment and selling pressure may increase below 4800 levels else some recovery may be seen above 4875 level. Nifty may trade in 4700-5100 range for some days.

Tomorrow is the first day for September F&O series and for intraday trading tomorrow, we may see some buying interest but can also expect a sideways movement ahead of the Federal Reserve meeting. For Nifty tomorrow trend deciding level is 4,850. If Nifty shows strength above this levels, then rally to 4,900 - 4,950 - 4,980 may be seen. If Nifty does not show strength above 4,850 levels then selling pressure till 4,800 - 4,760 - 4,725 may also be seen.

Wednesday, 24 August 2011

Stock Tips For Tomorrow 25-Aug

Sujana Towers Ltd.
Sell at 21.85-22 for target of Rs 21.30 - 20.75 - 20.20 with placing a stop loss of Rs 22.90.

Reliance Power Ltd.
Sell below 84 for target of Rs 82-80.45-79 with placing a stop loss of Rs 86.25.

Jindal Poly Films Ltd.
Sell near 214-216 for target of Rs 211-208.60-206 with placing a stop loss of Rs 220

Markets Outlook For Tomorrow 25-Aug

After two positive sessions markets witnessed again a choppy trend. Nifty continued selling pressure from resistance near 4,950 levels and closed in red with significant loss. Nifty August future expiry due on Thursday therefore volatile movement may be seen in coming trading sessions. Market sentiments may remain weak below 4,950 levels. Nifty is likely to continue trade in 4,800-4,980 zones for next trading.

For intraday tomorrow, the trend deciding level is at 4,900. If Nifty shows strength above this levels, then rally to 4,950-4,980-5,025 may be seen. On the downside if Nifty fails to show strength above 4,900 levels then selling pressure till 4,850-4,815 may also be seen.

Tuesday, 23 August 2011

Nifty Trend For Tomorrow 24-August

It was another good day for Indian Stock Markts. Both benchmark Index (Nifty and Sensex) opened moderately gap up and closed with smart gains. Positive cues from Europe and Asia spurred on the markets today. The Bulls got activated and pulled the indices to make the high for the day at 4965.80.

On Daily Nifty charts, we are observing that the momentum indicator RSI has reversed from its oversold zone. For next intraday trading session, 4908 is the immediate support for Nifty and if this is broken, next support may be seen at 4870-4845. On higher levels, 4985 may act as the immediate resistance for Nifty and any trades above these levels are likely to face stiff resistance at 5025-5050.

Stocks Intraday Tips For Tomorrow 24-Aug

Bata India Ltd.
Buy around 615-618 for target of Rs 624-629-633 with placing a stop loss of Rs 608.

Tech Mahindra Ltd.
Buy above 663 for target of Rs 670-676-684 with placing a stop loss of Rs 655.

Titan Industries Ltd.
Buy near 210 for target of Rs 214-217-219 with placing a stop loss of Rs 205.60.

Monday, 22 August 2011

Intraday Stock Tips For Tomorrow 23-Aug

Jaiprakash Associates Ltd.
Buy above 63 for target of Rs 64.20-65-65.75 with placing a stop loss of Rs 61.40.

Reliance Industries Ltd.
Buy above 760 for target of Rs 768-775-780 with placing a stop loss of Rs 748.

Eros International Media Ltd.
Buy around 197-198 for target of Rs 201-203-204.70 with placing a stop loss of Rs 194.60.

Indian Oil Corporation Ltd.
Buy around 322 for target of Rs 326-329-331 with placing a stop loss of Rs 317.85.

Nifty Intraday Outlook For Tomorrow 23-Aug

It was good start for Indian Stock Market. Market witnessed a positive momentum and closed in green with smart gain. However market sentiments still remains bearish and could go for either side. Domestic issues of high inflation, lack of corporate governance and loss in confidence for Govt. due to Anna Hazare`s campaign continues to affect the stock market.

For intraday tomorrow Nifty could find immediate support at  4846 and below this could drag it till 4800. Resistance level for Nifty Tomorrow may be seen at 4941-4975 and if Nifty trades above on closing note then 5050 may act as strong resistance for Nifty