Nifty Futures & Bank Nifty Futures Tips 01-March

Nifty Futures March 29, 2012
Buy Nifty Futures above 5430 for price target of Rs. 5475-5510 with placing a strict stoploss of Rs. 5402. ELSE
Sell Nifty Futures below 5386 for price target of Rs. 5350-5320 with placing a stoploss above 5410.

Bank Nifty Futures
Buy Bank Nifty Futures above 10555 for price target of Rs. 10640-10730 with placing a strict stoploss of Rs. 10501. ELSE
Sell Bank Nifty Futures below 10480 for price target of Rs. 10410-10350 with placing a stoploss above 10524.

Union Budget 2012 - Impcts on Indian Stock Markets

On 16th March Union Budget 2012 is scheduled to be declared, and our Finance Minister Pranab Mukherjee is in under pressure to get growth back on track and to get his fiscal house in order. And that surely requires an optimum balanced act.

As we look at the market performances for the year 2012 till date, it has been traded well and showed some very good momentums in past. This might be an indication that market may be good enough for this year. And if we come to UNION BUDGET 2012, surely it will play an huge role for making directions for Indian Markets.

If UNION BUDGET 2012, is set for keeping welfare for all class of people, in all segments, then I can surely say market is gonna to boom this year. If public of India post their satisfactory reviews on Union Budget then market is likely to perform very well and thus may attract more volumes and FIIs.

Let's see what Mr. Pranab Mukherjee brings us. Hope for better and balanced budget.

Nifty Intraday Outlook For Tomorrow 01-March

The equity markets closed flat after trading rangebound throughout the day. Oil & gas, realty and metal sectors were the best performers of the day trade while capital goods, banking and FMCG sectors lost substantially.

In India, we are just two weeks away from the Union budget and the markets could even start factoring or basing expectation from it. People would watch out for government's stance on the fiscal deficit. Caution is advised to the traders in the Indian markets. For intraday trading tomorrow Nifty could find support levels at 5,330-5,280 and on the upside, and resistance exists at 5,450-5,500 levels.

Stocks Intraday Tips For Today 29-Feb

Escorts Ltd
Buy above 78.15 for target of Rs. 79.50-80.75 with stoploss of Rs. 77.50

Hindalco Industries Ltd
Buy above 147 for target of Rs. 149.60-151 with stoploss of Rs. 144.75

Educomp Solutions Ltd
Buy above 208 for target of Rs. 211-213.70 with stoploss of Rs. 204.80

Bharat Heavy Electricals Ltd
Buy above 310 for target of Rs. 314.50-317 with stoploss of Rs. 305.

Stock Tips

Nifty Futures & Bank Nifty Futures Tips 29-Feb

Nifty Futures

Buy Nifty Futures above 5470 for price target of Rs 5500-5525 with placing a strict stoploss of Rs. 5447. Else

Sell Nifty Futures below 5445 for price target of Rs. 5410-5380 with placing a strict stoploss of Rs. 5468.

Bank Nifty Futures

Buy Bank Nifty Futures above 10660 for price target of Rs 10755-10840 with placing a strict stoploss of Rs. 10615. Else

Sell Bank Nifty Futures below 10580 for price target of Rs. 10495-10420 with placing a strict stoploss of Rs. 10535.

Market Sentiments For Tomorrow 29-Feb

Indian Markets booked handsome profit today that suggests markets have become more volatile. Market sentiments will be influenced tomorrow by the announcement of Q3 December 2011 gross domestic product (GDP) by the government. Apart from domestic events, global developments too will continue to influence the market sentiments. For Nifty intraday trading immediate resistance exist at 5,425-5,450 and then 5,500 level. Downside support exists at 5,325 and then 5,275.

Sesa Goa Ltd Looks Bullish - Buy Recommendation

If you think that India and China will continue their growth rate at 7-9%, then there is certain chances for tremendous demand for resources. This group would have presence across all the resources. So, there would be some scope for risk mitigation because they have access to oil and gas through Cairn India, to zinc through Hindustan Zinc.They also have presence in several countries.

We firmly believe that this is a right time to buy and market will forget what happened in last two days to the group as it is a mega resource company in the country.

I am very positive at current price. I believe that the market will start improving the valuation multiple after the merger. Hence, we started buying in the morning after a substantial fall in the stock price.

Nifty Intraday Trend & Trading Strategy For Tomorrow 28-Feb

As we predicted weak trend for equity markets, the markets traded same and witnessed heavy loss today. Nifty showed selling pressure from resistance near 5,450 levels and closed in deep red below 5,300 levels. Bears had control for fourth consecutive day.

Sentiments have weakened considerably and further downside cannot be ruled out. Global developments related to Greece and US economy will continue to influence market sentiments. On downside, Nifty has some support in 5,225-5,175 zone and recovery may be seen from here.

For intraday trading tomorrow, the trend deciding level is at 5,300. If Nifty shows strength above 5,300 levels, then rally to 5,350-5,400-5,450 may be seen. If Nifty does not show strength above 5300 levels then selling pressure till 5,225-5,175-5,125 may also be seen.

Buy Strelite Industries For Price Target Of Rs. 130-132

Sterlite Industries is closer to support areas of about 110. The stock made a low of about 112 yesterday and today the low was about 116. If this stock manages to get pass levels of 120, I would not only buy it for a short term level but would expect the bounce back to then continue to about 130-132.

Let us not forget that most of the stocks had run up and had gone far away from their short term averages. While the two-three days have seen the stocks lose a lot of price value but on technical charts it is just a pullback to the short to medium term averages.

So, I would recommend you go buying into Sterlite once it trades above 120 and look for targets in the range of about 130-132 which is the 200 day average.

Nifty Intraday Outlook For Monday 27-Feb

By looking on the daily Nifty Charts, momentum oscillators are showing signs of weakness. Nifty has entered into correction mode and we expect Nifty to see correction in the range of 5,200-5,300 where it has very strong support.

Going forward, 5,660 remains a crucial resistance for Nifty and on the downside, 5,365 remains an immediate support. We recommend Sell for a range of 5,350-5,380.

Huge Pattern Breakouts Possible In Infosys

The stock saw a huge sell off in 2011 results at 3400 levels. Ever since that the stock took a huge correction for many months. What the industry looks for is a consistency on the implementation of these policies making sure that overall there is a good environment, especially, for small and medium businesses to grow.

Technical Levels :

2950-3000 has been a resistance for the last 6-8 months. The stock is now consolidating at higher levels and one may now watch for a breakout above 3000.

Supports at 2800-2750 and one needs to watch for a good closing above 3000 which can happen in next few weeks to initiated a trade.

Stocks Intraday Trading Tips For 24-Feb

Escorts Ltd
Buy above 81 for target of Rs. 83.60-85 with stoploss of Rs. 79.10

Reliance Industries Ltd
Sell above 845 for target of Rs. 833-825 with stoploss of Rs. 854.

Adani Enterprises Ltd
Buy below 383 for target of Rs. 388-391 with stoploss of Rs. 378.

Sesa Goa Ltd
Buy above 228 for target of Rs. 231-233 with stoploss of Rs. 225.30

Sterlite Technologies Ltd
Sell above 44 for target of Rs. 42.70-41.45 with stoploss of Rs. 44.85

Nifty Trend For Tomorrow 24-Feb

Today being the futures expiry day Nifty showed selling pressure for second consecutive days. Nifty has some support in 5,450-5,400 zone. If Nifty respect this zone then recovery may be seen else selling pressure may be continuing. On Upside, Nifty has resistance in 5,550-5,600 zone. 

For intraday trading tomorrow, trend deciding level is 5,480. If Nifty shows strength above 5,480 levels, then rally to 5,530-5,550-5,600 may be seen. If Nifty does not show strength above 5,480 levels then selling pressure till 5,450-5,400-5,350 may also be seen.