Newsletter dated 8th May,2009

GLOBAL MARKETS

Wall Street stocks slid on Thursday as investors took profits from the technology sector's recent surge, while analyst downgrades hurt telecoms and a tepid response to a government bond auction raised fears about public finances. But stock index futures rose after the official government results were released at 5 p.m. EDT (2100 GMT) as regulators told leading banks to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.

The Dow Jones industrial average .DJI dropped 102.43 points, or 1.2 percent, to 8,409.85. The Standard & Poor's 500 Index .SPX slid 12.14 points, or 1.32 percent, to 907.39. The Nasdaq Composite Index fell 42.86 points, or 2.44 percent, to 1,716.24.

Asian markets are trading flattish to -ve territory. HangSeng leads the fall with 120points skid. All other markets are trading absolutely flat. Even Nifty is likely to open flattish to -ve by 5-10 points.

NIFTY

Nifty to open bit -ve today. Then we may witness rangebound movement. Nifty to face resistance near 3696, 3708 and 3720. Support lies near 3630, 3618 and 3602. Trading in nifty wont yield much gains as today would be rangebound movement.

ITC

Trading near its support levels. One may initiate buy in this stock around 187-188 keeping SL of 184. Target could be 193 and above. It is looking good today and may reward the bulls.

HAVELLS

Today it might consolidated and hence correction expected. Initiate shorts around 248-249 levels maintaining SL at 257. Target could be 232 and 228. It has run upa lot in last 2 days. Today it would consolidate.

WIPRO

It would face resistance at higher levels. One may initiate shorts near 389-390 keeping SL near 400. Target could be 376 and 370.

MONNET ISPAT

Only risky traders may initiate shorts in Monnet Ispat near 228-230 levels keeping SL near 240. Target could be 216 and 208.

Note: The above mentioned strategy is just an indication. Do your own homework before initiating any trades based on above information. The online calls are given to our paid clients only via messenger and sms.

Anurag Dujari
Mobile: 92308-92309
E-Mail- anurag130@gmail.com
Yahoo Messenger ID - trading_picks

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Any error in this document cannot be claimed by anyone. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned....

Newsletter dated 7th May, 2009

GLOBAL MARKET

U.S. stocks rose on Wednesday after a private-sector reading on the labor market signaled unemployment may be receding and leaked bank Stress test results suggested most banks are healthier than previously thought.The number of U.S. private sector job losses in April touched the lowest level since November, according to a report by ADP Employer Services, the latest data suggesting the worst of the recession may have passed.

The government is due to release stress test results today. Several reports on the capital needs for 10 of the 19 banks under the government's microscope have revealed how well the industry will cope with perhaps the most severe recession since World War Two.

The Dow Jones industrial average .DJI rose 101.63 points, or 1.21 percent, to 8,512.28. The Standard & Poor's 500 Index .SPX climbed 15.73 points, or 1.74 percent, to 919.53. The Nasdaq Composite Index added 4.98 points, or 0.28 percent, to 1,759.10. Since hitting a closing low in early March, the S&P 500 has surged 36 percent, driven by optimism about the financial system's condition and hopes the recession may be waning.

Asian markets following American cues, are up handsomely. Nikkei leads the show with with 360points gains and Hangseng following it with 172points gain as of now. All other major indices are trading up between 0.5-1.5%. Nifty likely to open gap up, probably near to 25-30 points gain.

NIFTY

Yesterday Nifty cracked almost 100 points from its intraday of 3717 before closing at 3625. It was sharp profit taking, mainly lead by Index stocks. Today it might open around 3670 levels. One may initiate shorts at opening bell keeping SL at its yesterday's high of 3717 (spot). Target could be 3708 and 3692. Nifty is still trading much higher from its 9DMA if 3500. So the under current is still bullish. Some technical correction and consolidation is good for the market.

BHARTI AIRTEL

It has strong support levels of 752, 744 and 738. One may initiate long at lower levels maintaining SL at 738. Target could be 770 and above.

DLF

It has strong support zone of 235-238. One may initiate long near 242-243 maintaining SL below 235. Target could be 252 and above. It is bit risky trade to execute.

HDFC LTD

IT COULD BE TODAY'S DARK HORSE. IT HAS STRONG SUPPORT AROUND 1694-1708. ONE MAY INITIATE LONG AT LOWER LEVELS KEEPING SL BELOW 1694. TARGET COULD BE 1784 AND 1808. TODAY IT WOULD GIVE HUGE INTRADAY MOVEMENT. GOOD TRADING OPPORTUNITY FOR JOBBERS.

HAVELLS

After opening gap up it would correct. Short at opening bell if it opens around 234-236. SL as per your risk appetite. Target 218 and 210.

TULIP TELECOM

It would also open gap after before a dip set in. Short at opening bell if it opens around 630-635. SL as per your appetite. Target could be 592 and 580.

Note: The above mentioned strategy is just an indication. Do your own homework before initiating any trades based on above information. The online calls are given to our paid clients only via messenger and sms.

Anurag Dujari
Mobile: 92308-92309
E-Mail- anurag130@gmail.com
Yahoo Messenger ID - trading_picks

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Any error in this document cannot be claimed by anyone. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned..

Newsletter dated 6th May, 2009

GLOBAL MARKETS

U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices. The drop halted a two-day run-up that had propelled the S&P 500 into positive territory for the year-to-date. The benchmark index had risen 34 percent after touching a 12-year lows in early March.

Selling was seen across the board with big-cap technology companies, banks, home builders and big manufacturers dragging indexes lower. These sectors have all been among the market's bright spots during the two-month rebound.

Asian markets are trading flattish with major indices trading flattish to +ve.  Our markets are liekly to follow the asian markets. Nifty likely to open flattish to +ve.

I.T.COMPANIES

Software outsourcing companies may underperform the markets today. So the bull traders should avoid trading long in software stocks. 

TATA STEEL

It could face stiff resistance near 299-302 levels. One may initiate shorts around 294-295 levels maintaining SL around 302. Target could be 282 and below. 

ITC

It has support around 192 levels. One may go long on the stock around 194-195 maintaining SL below 192. Target could be above 200.

BHARTI AIRTEL

One may initiate long around 742-743 levels maintaining SL of 734. Target could be 758 and above.

Note: The above mentioned strategy is just an indication. Do your own homework before initiating any trades based on above information. The online calls are given to our paid clients only via messenger and sms.

Anurag Dujari
Mobile: 92308-92309
E-Mail- anurag130@gmail.com
Yahoo Messenger ID - trading_picks

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Any error in this document cannot be claimed by anyone. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned..

Newsletter dated 5th May,2009

GLOBAL MARKETS
U.S. stocks rallied on Monday, driving the S&P 500 into positive territory for the year as investors bet banks' capital shortfalls may be manageable and housing data fueled hopes the recession is easing.
The Dow Jones industrial average .DJI rose 214.33 points, or 2.61 percent, to 8,426.74. The Standard & Poor's 500 Index .SPX gained 29.72 points, or 3.39 percent, to 907.24 -- its first close above the 900 level since early January. The Nasdaq Composite Index climbed 44.36 points, or 2.58 percent, to 1,763.56.

Asian markets trading flattish to +ve territory. Hang Seng opened gap up but consolidated after that. All other Asian markets are consolidating today. Nifty is likely to open flattish today. Today would be day of consolidation.


NIFTY
Nifty would face resistance at 3696, 3710 and 3719 levels. On lower side it would take support around 3620 levels. Today Nifty would trade in a narrow range of 40-50 points. One should try to exit their long position if Nifty trades near to 3700.

HCL TECH
Yesterday it rose more than 18% to close just above 154. Today it would consolidate. It would face resistance at 162 and 166 levels. It may open gap up and then would correct somewhat. At higher levels it could be shorted with SL near 162 or 166. Target could be 148 and 145.

HDFC LTD
This stock too rose almost 14% to close at1965. Today it would consolidate after opening gap up. So probably gap up opening should be capitalized to initiate shorts keeping SL of 2024 or 2032. Target could be 1932 and 1918.

WIPRO
It has run up more than 10% yesterday. Today it might slow down after opening gap up. Probably at higher levels one may initiate shorts with SL of 374 and 379. Target could be 354 and 348.

BHARTI AIRTEL
This is one of the few counters which could flourish if it sustains above 748. One should go long around 752 keeping SL of 742. Target could be 774 and 782.

BANK OF INDIA
In last 2 days it has corrected a lot. It is trading well below its 9DMA. But it has strong support zone of 220-224. So one may go long in the counter keeping SL of 220. It might test levels of 242 and 252. It might be today itself. So i recommend a strong intraday buy.

EDUCOMP
In yesteray's flourish it cracked. Probably it may face further selling pressure today. If it opens gap up then shorts could be initiated keeping SL of 2420. Target could be 2280 and 2252.

Other stocks that could open gap up and then correct...
Infotech Enterprises, Sintex and Mindtree. We may initiate shorts if they open gap up. Maintain appropriate SL and Target as per your risk appetite.

Note: The above mentioned strategy is just an indication. Do your own homework before initiating any trades based on above information. The online calls are given to our paid clients only via messenger and sms.

Anurag Dujari
Mobile: 92308-92309
E-Mail- anurag130@gmail.com
Yahoo Messenger ID - trading_picks

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Any error in this document cannot be claimed by anyone. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned..

Newsletter dated 4th May,2009

NIFTY

The immediate intermediate trend of Nifty is looking robust. Even as the global markets fell on the back of Swine Flu news, Nifty didn’t fell to the extent. In fact, it made a smart rally last day to close above its 9DMA and 200DMA. This is a very good sign for the bulls. This recovery has opened gates for Nifty to make a new recent high. It would break its previous high if 3517. Probably next target could be 3580 and 3620. On the lower side Nifty would find multiple supports at 3400, 3380 and 3350 which are very unlikely to be tested in near term.

The global markets were rallying again while our markets were closed. Even the global markets are looking very healthy technically. Dow Jones would catch major uptrend above 9500. Even Brazilian BOVESPA, Korea and Taiwan are trading above their long term support of 200DMA.  

Today Nifty is likely to open huge gap up by at least 130-140 points. This would create a new recent high for Nifty.

 

RELIANCE

Reliance Industries has shown solid strength in past few trading sessions. It is trading well above its 9 and 200dma which is positive for the stock. Today it might make a new recent high crossing 1840 with ease. It would take support at 1808, 1796 and 1784. These levels are unlikely to be tested in near term.

 

BHARTI AIRTEL

It is looking best of the lot. It was facing consistent resistance near 758-760 levels. Today it would break above it and might test levels of 784, 792 or even 808. It is trading well above its 9 and 200DMA which is very comforting. We expect this stock to break its trading range. The next range could be 750-820.

 

SBI

This stock had been volatile in last few trading sessions. It was one of the few stock which was trading comparatively weak as compared to other heavy weights. But ever since it crosses and sustained above 1260 it gave a buy signal. It would give further strength if the stock moves above 1330. It closed just above its 9DMA and trading well above its 200DMA. Next target could be 1342 and 1355 which could be tested today itself.

OTHER STOCKS LOOKING BULLISH...

Tata Steel, Cairn India. Also check out Bank of India. It could be a possible dark horse 

Note: The above mentioned strategy is just an indication. Do your own homework before initiating any trades based on above information. The online calls are given to our paid clients only via messenger and sms.

Anurag Dujari
Mobile: 92308-92309
E-Mail- anurag130@gmail.com
Yahoo Messenger ID - trading_picks

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Any error in this document cannot be claimed by anyone. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned....