Intraday Rocking Calls For (01-Sept)

Intraday Stock Tips For Wednesday(01st, Sept'10)

SKS Microfinance Ltd.(Target Hit)

Recommendation : Buy above 1230

CMP : 1,221.81    

Target : 1260-1290

Stoploss : 1202

Jindal Poly Films Ltd. (Rocked)

Recommendation : Buy on dips

CMP : 876.15

Target : 896-940

Stoploss : 855

Mahindra & Mahindra Ltd.(Target Hit)

Recommendation : Buy @ 623-626

CMP : 626.40

Target : 632-640

Stoploss : 618

Andhra Pradesh Paper Mills Ltd.(Target Hit)

Recommendation : Buy above @ 200

CMP : 204.40

Target : 213-230

Stoploss : 196

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Market May Face Some More Consolidation and Rangebound Movement

Looking at the daily reports and Charts Nifty has tested the support of 5,400 and 5,380 but owing to good recovery in the final moments it closed above the 5,400 level, which is a positive indication for our market. For the day, Nifty has registered its PCR level at 1.10 against 1.13 as of last trading session. Because of selling in indices heavyweights, Nifty failed to cross the 9 & 14 day`s SMA placed at 5,476 & 5,462 but managed to close above 50 and 100 day`s SMA placed at 5,395 and 5,267; these levels may act as new supports, in coming sessions. For the market tomorrow it is expected that some more consolidation and ranged movement in coming days.

Ref: Nifty Daily Reports

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Views On Market For Tomorrow (31-Aug)

It was a choppy opening for the Indian market which traded most of the part in negative bias but gave a closing in the green and managed to close above 5400. For tomorrow it is expected that market may continue with the consolidation phase. The GDP data for Q2FY11 due to be announced tomorrow can be an important event for the market. The undertone below 5,500 continues to remain bearish. A breach below 5,400 level will trigger further selling pressure and Nifty could slip towards the next support of 5,340 level while a breakout above 5,450 level could push it towards 5,500 level. A breakout above 5,550 will only negate the earlier bearish view.

On an intraday basis, Nifty spot should find support near 5,380 & 5,345 level while the resistance will be at 5,459 & 5,503 level.
BSE Sensex should find the support level at 17880-17795 and resistance at 18160-18228.

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Intraday Trading Calls For Monday (23-Aug)

Intraday Stock Tips For Monday(23rd, Aug'10)

Bajaj Auto Ltd
Recommendation : Buy @ 2788
CMP : 2,794.65    
Target : 2805-2820
Stoploss : 2780

BF Utilities Ltd.
Recommendation : Buy on dips
CMP : 1,086.35
Target : 1114-1143
Stoploss : 1430

Natco Pharma Ltd.
Recommendation : Buy
CMP : 221.75 
Target : 230-242
Stoploss : 218

OnMobile Global Ltd.
Recommendation : Buy @ 337
CMP : 339.80
Target : 345-354
Stoploss : 334.50

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Views On Market For Monday (23-Aug)

Looking at the nifty charts and daily reports a technical breakout above 5,550 will push Nifty future towards 5,580 - 85 level while a breach below 5,500 level will drag Nifty Future further down to 5,460 & 5,400 level. Market is trading at 52 weeks high; close to major resistance zone suggest cautiousness in near term. On an intraday basis, Nifty should find support near 5,496 & 5,480 level while the resistance will be at 5,562 & 5,579 level. BSE Sensex should find the crucial support at 18276-18210 and resistance at 18510-18633.

The expiry of derivative contracts is due next week which could induce volatility in the market. but we expect the trend to remain positive and rise over the coming weeks.

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Weekly Report : A Snapshot View

It was overall a good week for the Indian market which make cheers for traders and saw a couple of strong sessions that helped the Nifty to breach the level of 5500 mark for the first time since February 2008. Today Indian markets closed marginally lower but fared better than Asian and European stocks reflecting the inherent strength in the domestic growth story. Global cues were quiet-to-negative and did not provide much support to Indian markets.

This week's performance was average and the details are:

• Sensex up 1.2% and Nifty up 1.4%.
• CNX Midcap index was up 2.5%,
• BSE Smallcap index up 1.7% over the week.
• BSE Realty index up 0.5%, BSE Bankex up 2.7%,
• BSE Metal index up 0.5%,
• BSE IT index up 0.1% and
• BSE Auto index up 1.2%.

Ref : Weekly Nifty50

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Stocks To Buy Tomorrow, Intraday Tips

Intraday Stock Tips For (20th, Aug'10)

Shriram Transport Finance (Target Hit)
Recommendation : Buy @ 728
CMP : 732.65    
Target : 748-765
Stoploss : 723

United Spirits Ltd. (Target Hit)
Recommendation : Buy @ 1434
CMP : 1,432.75
Target : 1446-1465
Stoploss : 1430

Sesa Goa Ltd.
Recommendation : Buy @ 330
CMP : 328.15
Target : 338-345
Stoploss : 328

Federal Bank Ltd.(Call Hit)
Recommendation : Buy @ 353
CMP : 357.35
Target : 358-360
Stoploss : 352

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Market May Remain Open For Further Advances

As I said in my last report on market tomorrow that "Market May Remain Bullish", and the market performed same as I predicted. If we see Nifty daily reports and charts, at present the indicators have yet to reach overbought levels and Nifty remains open for further advances. Weekly charts continue to possess sustainable strength. The index remains above important medium term levels which currently stand at 5,410. From a medium term perspective the uptrend remains undamaged. We continue to hold a positive view of the trend at this juncture. Resistance may be encountered in the 5,600 - 5,625 region.

The rally has reconfirmed the uptrend in the market. In case of any correction the market is likely to get support around 5,450.

Ref : Nifty Daily Reports

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Intraday Rocking Calls For Tomorrow(19-Aug)

Intraday Stock Tips For (19th, Aug'10)

BF Utilities Ltd. (SL Breached)
Recommendation : Buy @ 1040
CMP : 1,035.60
Target : 1062-1090
Stoploss : 1024

IndusInd Bank Ltd.
Recommendation : Buy @ 228
CMP : 227.65
Target : 235-242
Stoploss : 225

IBN18 Broadcast Ltd. (Target Hit)
Recommendation : Buy @ 117
CMP : 116.35     
Target : 124-134
Stoploss : 114

Nucleus Software Exports Ltd.(Target Hit)
Recommendation : Buy @ 141
CMP : 140.45
Target : 146-152
Stoploss : 139

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Market May Remain Bullish : Technical Views

If we talk about today's market, it opened higher in the wake of positive global cues and gradually picked up the momentum in the later half of the session to close on strong note. Looking at the daily reports and Nifty chart prices have taken support on the 20 day EMA and formed a positive candle. This suggests that the undertone still remains bullish. In the coming trading session if indices trade convincingly above18,310 / 5,493 levels then it is likely to test 18,421 to 18,600 / 5,530 to 5,600 as resistance levels. On the downside, 18,130-18,040 / 5,430-5,400 levels may act as support for the day.

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Best Stocks To Buy Tomorrow(18,Aug), Intraday Tips

Intraday Stock Tips For Wed'day (18th, Aug'10)

Piramal Healthcare Ltd.
Recommendation : Buy @ 505-508
CMP : 506.20      
Target : 515-528
Stoploss : 502

Reliance Capital Ltd.(Target Hit)
Recommendation : Buy on Dips
CMP : 747.25
Target : 755-764
Stoploss : 740

BF Utilities Ltd. (Target Hit)
Recommendation : Buy @ 1005-1010
CMP : 1,013.30
Target : 1025-1040
Stoploss : 996

VIP Industries Ltd. (Target Hit)
Recommendation : Buy @ 486
CMP : 488.90
Target : 498-512
Stoploss : 482

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Market May Remain Consolidate : Market Technical Views

Nifty closed flat after testing 5,440 level today. Nifty is trapped within two price bands, 5,375 - 5,500 level on a broader term basis and 5,400 - 5,475 on a shorter term basis. Breach below 5,375 will add further selling pressure(Bearish Trend) which could drag Nifty towards the (Broadening Price) channel support of 5,340 level. On the other hand a breakout above 5,500 level will push Nifty(Bullish Trend) towards the channel resistance of 5,540 level. Further breakout above 5,540 level will negates the earlier bearish view. On an intraday basis, Nifty spot should find (PIVOT) support near 5,400 & 5,386 level while the resistance will be at 5,456 & 5,470 level.


Ref : Nifty Daily Reports

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Stock Views And Recommendations : Intraday Stock Tips

Intraday Stock Tips For Tuesday (17th, Aug'10)

EIH Ltd. (Target Hit)
Recommendation : Buy @ 134-135
CMP : 135.05
Target : 140-143
Stoploss : 133

Power Grid And Corporation
Recommendation : Buy @ 105
CMP : 105.30        
Target : 110-115
Stoploss : 103.50

Mundra Port (Target Hit)
Recommendation : Sell below 800
CMP : 793.40
Target : 786-775
Stoploss : 806

Zylog Systems Ltd. (Target Hit)
Recommendation : Buy @ 575
CMP : 573.30
Target : 580-590
Stoploss : 569

Trent Ltd. (Target Hit)
Recommendation : Buy on Dips
CMP : 981.05
Target : 1035-1090
Stoploss : 950

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Stock Market For Tomorrow (17-Aug) : Technical Views

After Friday`s positive close Nifty witnessed a profit booking session today and finally closed in red. Looking at the daily  reports and chart, Nifty Futures closed with a Bearish with a rise in volumes favours the sell signal. As explained before, Nifty is trapped within two price bands, 5,375 - 5,500 level on a broader term basis and 5,400 - 5,475 on a shorter term basis. Breach below 5,375 will add further selling pressure which could drag Nifty towards the (Broadening Price) channel support of 5,340 level. On the other hand a breakout above 5,500 level will push Nifty towards the channel resistance of 5,540 level. Further breakout above 5,540 level will negates the earlier bearish view.

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Market Daily Reports : An Overview

After rising smartly in the day, the Sensex buckled and ended Monday's session in the red as Europe gave away early gains. The BSE 30-share index closed at provisional 18,038.39, losing 128.64 points or 0.71% from last week's close. The index saw a high of 18,203.92 versus a low of 17,997.46 intraday. Biggest index losers were Cipla, Reliance Infra, JP Associates, RComm, ICICI Bank, Tata Motors, L&T, Tata Steel, BHEL, M&M, SBI, DLF. The only gainers were Hindustan Unilever, ITC, Hero Honda, Maruti Suzuki, Sterlite and NTPC.

Sensex closed at 18050, down 116 points and Nifty at 5418, down 33 points from the previous close. CNX Midcap index was up 0.1% while BSE Smallcap index was down 0.3%. The market breadth was negative with advances at 466 against declines of 815 on the NSE.

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Intraday Stock Tips For Monday (16-Aug)

Intraday Stock Tips For Monday (16th, Aug'10) 

Buy D B Realty Ltd. on dips for target of Rs 460-475 and stoploss of Rs 443.

Buy Jindal Steel & Power @ 663 for target of Rs 668-674 and SL of Rs 659.50. (Target Hit)

Buy V-Guard Industries Ltd. @ 159 for target of Rs 163-167 and SL of Rs 157. (Target Hit)

Buy Nitin Fire Protection Ind. on dips for TGT of Rs 350+ and stoploss of Rs 341. (Target Hit)

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Stock Views And Recommendations

ITC Ltd (Hold)
CMP : Rs. 156.00 3.00 (1.96%)
Comment : The company has become a conglomerate and its subsidiaries are doing better than the core business of tobacco. The stock is likely to give returns of 20-25 per cent (YoY) in the short term.

Biocon Ltd (Sell)
CMP : Rs. 342.00 7.00 (2.09%)
Comment : The earnings have been impressive and the company’s net profit jumped Rs. 77 cr. against Rs. 57 cr. However, the stock looks overvalued at these levels and may correct in the short term.

Reliance Industries Ltd (Hold)
CMP : Rs. 979.05 6.80 (0.70%)
Comment : Being a market heavyweight, there is institutional support in the stock which reduces volatility. The settlement between the two Ambani brothers has set up new areas for growth. Hold with a target of 1251.

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Technical Views On Markets For Monday

Looking at the daily reports and technical charts Nifty has breached the resistance of 5,450 and managed to close above this level which indicates a positive note for Indian Markets. Due to the heavy selling pressure, Nifty, closed the session below the vital levels of 9 & 15 Days SMA placed at 5,448 and 5,432 for the second successive day, which is not a good sign for market.  50 and 100 day`s SMA pertains to Nifty are placed at 5,325 and 5,249; these levels may act as new supports, in coming sessions. 

On the basis of Daily chart, Nifty should face upside resistance at 5,500 & 5,530 level while the expected support will be 5,400 - 5,375 level. A breakout above 5,530 will negates the earlier view.  On an intraday basis, Nifty spot should find support near 5,381 & 5,347 level while the resistance will be at 5,440 & 5,465 level.

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Stock Views and Live Updates

Deccan Chronicle Holdings Ltd
Deccan Chronicle Holdings Ltd has reported standalone net profit of Rs. 91.23 crore for the quarter ended June 30, 2010, zooming up from Rs. 6.50 crore for the quarter ended March 31, 2010. Net sales for the quarter ended June was Rs. 231.83 crore against Rs. 191.65 crore for the quarter to March. On NSE, the company's shares were up 1.10% at Rs 133.65. The stock saw a high of Rs 137.45. 

Adani Enterprises Ltd
Adani Enterprises Ltd has reported consolidated net profit of Rs. 407.44 crore for the quarter ended June 30, 2010, sharply up from Rs. 127.67 crore for the quarter ended June 2009. Net sales was Rs. 5536.08 crore against Rs. 6376.61 crore for the corresponding quarter of 2009. Post results, the company's shares rose 3.70% to Rs 622 on NSE. The stock touched a high of Rs 661.45.

BEML Ltd.
BEML has reported standalone net profit of Rs 14.40 crore for the quarter ended June 30, 2010, higher from Rs. 5.30 crore for the quarter ended June 2009. Net sales stood at Rs. 526.85 crore against Rs. 465.46 crore for the same quarter of previous year. On NSE, the company's shares were up 1.51% at Rs 1,007. 

Colgate-Palmolive (India) Ltd
The board of Colgate-Palmolive (India) Ltd has declared first interim dividend of Rs 10 per share of Re 1 each face value for the financial year 2010-11. The dividend payout to the shareholders will be Rs 136 crore and will be paid out on August 30. On NSE, the FMCG major's shares were up 0.58% at Rs 849.85. 

Diamant Infrastructure Ltd
The board of Diamant Infrastructure Ltd has decided to subdivide the share of Rs. 10 each to 5 shares of Rs. 2 each. On BSE today, the company's shares traded higher by 2.40% at Rs 160.25.

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Market Snapshot Report : Weekly Outlook

It was an interesting week for the Indian market which witnessed both quiet and choppy sessions and traded within a broad range bound area. The markets closed with gains on the last day of the week to finish the week with marginal gains. The benchmark indices closed off the day's high tracking global cues. Stocks ended Friday’s session strong, on the back of a rebound in Asian peers and rise in European markets as Germany and France grew at a fast clip of 2.2% and 0.6% respectively for the quarter to June.

Sensex ended off highs at provisional 18,169.86, gaining 95.96 points or 0.53%. The BSE 30-share index recorded a high of 18,260.39 versus a low of 18,050.42 early in the day. Nifty closed at 5453.65, higher by 37.2 points or 0.69%. The NSE benchmark moved between 5476.50 and 5415.50 intraday. For the week, the Sensex gained 0.17 per cent and the Nifty advanced 0.29 per cent (provisional).

Overall This week's performance was average and the numbers are as follow:

• Sensex up 0.25% and Nifty also up 0.25%.
• BSE Smallcap index up 1.3% over the week.
• CNX Midcap index was up 1.7%,
• BSE Realty index up 6%,
• BSE Bankex index up 3.3%,
• BSE CD index up 4.5%,
• BSE IT index down 2.5%, and ;
• BSE Auto index up 2.6%.

Barring the metal index, all the sectoral indices closed in the green. Realty stocks advanced 2.31 per cent. Unitech rose 2.26 per cent and DLF gained 2.12 per cent.

Banking stocks extended gains and SBI rose 2.35 per cent to top the Sensex for a second session today.

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Intraday Tips : Stock Tips For Tomorrow (13th-Aug)

Intraday Stock Tips For Tomorrow (13th, Aug'10)

Prime Securities Ltd.
Recommendation : Buy @ 39
CMP : 38.20
Target : 42-45
Stoploss : 37.50

Tata Steel Ltd. (Both TGTs Hit)
Recommendation : Buy above 522
CMP : 519.80
Target : 533-542
Stoploss : 515

Housing Development & Infrastructure Ltd (Target Hit)
Recommendation : Buy @ 285
CMP : 284.75
Target : 290-293
Stoploss : 280.50

Ajmera Realty & Infra India Ltd. (Target Hit)
Recommendation : Buy on Dips
CMP : 183.50
Target : 192-198
Stoploss : 180.

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Market Technical Views For Tomorrow(13-Aug)

Today Nifty managed to close above 5,400 even though it was below the mark for most of the day. It was the last hour of trade that saw better volumes and a sharp movement. The better than expected quarterly number of SBI helped the markets to recover. The Banking index also tested the highest level in a year and this may prove helpful for Nifty giving it support to stay above 5,400 mark.

For Market Tomorrow it is expected that market may trade in range bound, and some more consolidation might be seen in trading tomorrow. Looking at the Nifty Reports and Charts today Nifty witnessed a strong pullback after testing earlier drawn Channel support of 5,385 level. Nifty has an immediate resistance near 5,440- 5,450 level while the downside support will be near 5,400-5,385 level. Breach below 5,385 will add further more selling pressure inthe market . Below 5,385 level Nifty should find support at (Broadening Price Channel Support) 5,340 level. Overall bias below 5,440 level will remain negative. A breakout above 5,510 will negates the earlier view and could lead towards 5500 levels.

On an intraday basis, Nifty has an immediate resistance near 5,440- 5,450 level while the downside support will be near 5,400-5,385 level

BSE Sensex Should find support level at 17,915-17823 and resistance level at 18,220-18,300

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Intraday Stock Tips, Stock Tips For Tomorrow (12th-Aug)

Intraday Stock Tips For Tomorrow (12th, Aug'10)

PBA Infrastructure Ltd.
Recommendation : Buy @ 81
CMP : 80.75
Target : 85-88
Stoploss : 79


Bharti Airtel Ltd.
Recommendation : Buy above 323
CMP : 319.70
Target : 330-342
Stoploss : 317

Tata Motors Ltd.
Recommendation : Buy on dips
CMP : 1,006.65
Target : 1022-1040
Stoploss : 1000

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Stock Market Technical Views For Tomorrow(12-Aug)

It was another choppy day for the Indian markets which closed with big losses after a flat opening and weak session of trade. Today Nifty witnessed negative outlook most of the time and had a selling pressure below 5,440 level. For market tomorrow Nifty is expected to test crucial support band of 5,400-4,385 level. If Nifty Breach below 5,385 then it will add further more selling pressure in the market. Below 5,385 level Nifty should find support near 5,350 level. Overall bias below 5,440 level will remain negative. A breakout above 5,510 will negates the earlier view.

On an intraday basis, Nifty spot should find support near 5,396 & 5,370 level while the resistance will be at 5,435 & 5,460 level.

BSE Sensex Should find support level at 17922-17850 and resistance level at 18194-18257

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Intraday Stock Tips, Stock Tips For Tomorrow (11-Aug)

Intraday Stock Tips For Tomorrow (11th, Aug'10)

RSWM Ltd. (Target Hit)
Recommendation : Buy above 141
CMP : 139.50
Target : 145-150
Stoploss : 137

Vimal Oil & Foods Ltd.(Target Hit)
Recommendation : Buy @ 56
CMP : 55.55
Target : 60-65
Stoploss : 54

Century Textiles & Industries Ltd.(Target Hit)
Recommendation : Buy on dips
CMP : 472.60
Target : 480-486
Stoploss : 468

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Technical Views On Markets For Tomorrow (11-Aug)

Nifty made a high of 5,491 and corrected to 5,440 (5-DMA) level Today .  Nifty is trapped in a sideways pattern and a breakout on either side will set the future trend. As said before, Nifty is trading in a Broadening Price formation which has a resistance at 5,510 level while the crucial support will be 5,400 level. Looking at the Daily Reports and Nifty Charts it looks overbought and is due for the technical correction below 5,510 level, so the Technical Bias below 5,510 remain negative. A breakout above 5,510 only will be treated as the continuation of the earlier up move and will negates the earlier view.  On an intraday basis, Nifty spot should find support near 5,420 & 5,394 level while the resistance will be at 5,465 & 5,486 level.

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Intraday Stock Tips. Stock Tips For Tomorrow(10-Aug)

Intraday Stock Tips For Tues (10th, Aug'10)   

HOV Services Ltd. (Target Hit)
Recommendation : Buy @ 104
CMP : 103.45
Target : 110-116
Stoploss : 101


Shree Ganesh Jewellery House Ltd.
Recommendation : Buy above 172
CMP : 171.25
Target : 178-185
Stoploss : 167

LIC Housing Finance (SL Triggered)
Recommendation : Buy above 1220
CMP : 1,218.30
Target : 1232-1245
Stoploss : 1209

Sesa Goa Ltd.(Target Hit)
Recommendation : Buy @374
CMP : 372.50
Target : 380-388
Stoploss : 369

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Stock Market For Tomorrow (10th-Aug)

It was a cheerful start for the Indian markets on the starting of new trading week which traded positive through the day and closed higher with gaining 47(Nifty) and 143(Sensex). On the basis of daily reports and charts Nifty is trading in a Broadening Price formation which has a resistance at 5,510 level while the crucial support will be 5,450 level. Looking at the Daily chart the Nifty Chart looks overbought and is due for the technical correction below 5,510 level, so the Technical Bias below 5,510 remain negative. A breakout above 5,510 only will be treated as the continuation of the earlier up move and will negates the earlier view.

On an intraday basis, Nifty spot should find support near 5,448 & 5,411 level while the resistance will be at 5,507 & 5,529 level.

BSE Sensex should find support on the downside at 18190-18020 and resistance at 18356-18430.

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Intraday Stock Tips : Stock Tips For Monday (09-Aug)

Intraday Stock Tips For Monday (09th, Aug'10)  

Hathway Cable & Datacom Ltd. (Target Hit)
Recommendation : Buy @ 210-215
CMP : 211.10
Target : 222-230
Stoploss : 207

Dish TV India Ltd.
Recommendation : Buy @ 50
CMP : 49.80
Target : 54-60
Stoploss : 48

Sasken Communication Technologies Ltd.
Recommendation : Buy @ 212
CMP : 209.90
Target : 218-225
Stoploss : 205

ABG Shipyard Ltd. (Target Hit)
Recommendation : Buy above 257
CMP : 254.80
Target : 262-270
Stoploss : 250

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Stock Trading Strategy For Monday(09-Aug)

UNITECH
Technical View: The stock has been consolidating in 80-85 levels. The stock should find resistance level at 87, and if the stock trades above 87 levels then the next target for stock is at 92. All the indicators are in positive territory.

Trading Strategy: We advice investors to initiate fresh positions above 85 levels for target of 92.

Market News : Shares of the company gained Rs 0.6, or 0.71%, to settle at Rs 85.10. The total volume of shares traded was 7,265,550 at the BSE (Friday).


Britannia Industries:
Technical View: The stock has appreciated by 43% in last three months. Most of the indicators like RSI and MACD are in overbought territory. Stock Should find resistance level at 2319.70 and supposrt level at 2237.

Trading Strategy: We advise investors to book profits at current level and could initiate fresh positions around 2210-2250 levels.

Market News : Shares of the company declined Rs 23.2, or 1.01%, to settle at Rs 2,270.60. The total volume of shares traded was 18,852 at the BSE (Friday).

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Market Views And Trend For Monday (09-Aug)

Nifty charts and reports suggest that Nifty has corrected today and test 5 DMA support of 5,440 level. If the correction continues on Monday then Nifty should find the channel support of 5,400 level. A breach below 5,400 will drag Nifty to a very crucial level of 5,340. As said before Nifty is trading in a Broadening price formation with 5,340 as the pattern support and 5,510 as a resistance. Though market bias above 5,420 is positive, 5,510 should act as a crucial resistance from where a correction could be expected. A breakout above 5,510 only will be treated as the continuation of the earlier up move.

On an intraday basis, Nifty spot should find (PIVOT) support near 5,407 & 5,383 level while the resistance will be at 5,463 & 5,487 level.

The crucial support levels for BSE Sensex on the downside is 18014-17951 and resistance at 18286-18340.

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A Snapshot Report On Market For The Week

It was overall a quiet and flat week for the Indian market which traded directionless for most part of trading days. Today market closed on a negative note but the benchmark indices edged higher for the week. The BSE Sensex closed at 18,144 down 29 points while the NSE Nifty declined 8 points to 5,439.

For the week, the Sensex gained 1.52% and the Nifty rose by 1.36% (Provisional).

It was a range bound session today and traded with individual stocks and sectors being in focus in the absence of strong global sentiments. The benchmark indices opened lower and then edged higher to reach an intraday high at noon. However, indices closed in the red amid selling pressure that set in the last hour of trade.

The BSE small cap index gained 0.24 per cent and the CNX midcap index advanced 0.17 per cent. Overall, 46 per cent stocks advanced on the BSE indicating a weak breadth for the market.

Top Gainers comprised Tata Motors (3.97%), ITC (1.76%), HDFC (1.35%), ACC (0.99%), Wipro (0.86%), Jindal Steel (0.81%), Mahindra & Mahindra, Cipla, HDFC Bank and Reliance Comm.

The biggest Sensex losers included Tata Steel (-1.36%), Hero Honda (-1.33%), State Bank of India (-1.18%), TCS (-1.09%), Reliance Infra (-1.04%), DLF (-0.95%), ONGC (-0.90%), Bharti Airtel (-0.82%), Reliance Industries (-0.76%).

Get Details Of Weekly Report

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Intraday Stock Tips : Stock Tips For Tomorrow (06th-Aug)

Intraday Stock Tips For Tomorrow (06th, Aug'10)  

Lumax Auto Technologies Ltd.(Target Hit)
Recommendation : Buy above 168
CMP : 167.85
Target : 174-182
Stoploss : 163

Ledo Tea Company Ltd.
Recommendation : Buy @ 80-82
CMP : 80.20
Target : 88+
Stoploss : 76

Pidilite Industries Ltd. (Target Hit)
Recommendation : Buy @ 145
CMP : 144.90
Target : 150-156
Stoploss : 142

SKF India Ltd. (Target Hit)
Recommendation : Buy above 570
CMP : 567.90
Target : 580-595
Stoploss : 562

Hitachi Home & Life Solutions Ltd.(Target Hit)
Recommendation : Buy above 315
CMP : 313.55
Target : 323-330
Stoploss : 310

Intraday F&O Calls

Infosys
Buy Infosys futures above Rs 2,906 for target of Rs 2929-2960 and stop loss of Rs 2886.

Mphasis
Buy Mphasis futures above Rs 631 for target of Rs 641-651 and stop loss of Rs 621.

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Views On Market For Tomorrow (06th-Aug)

It was another quiet day of trade as lack of direction from global markets had our market trading without much volatility. For most part, the market traded steady and within a range but towards the end, it gave up some of its early gains dragging the Nifty down below the 5450 mark.

Today market has witnessed another quite day and traded as profit booking session after touching a new 52 week high. A phase of consolidation is likely to continue for next 2-3 trading days. For tomorrow Nifty would have a support at 5,421-5410 and resistance at 5,475-5490 and BSE Sensex has support at 18,080-17960 and resistance at 18270-18322.

Nifty is having major support at 5,418 and if it trades below then we may see further downside. One can observe Nifty daily reports and charts with Broadening price formation. Broadening price formation indicates consolidation within the trading range. Current Nifty trading range is 5,400 & 5,510 level.

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Intraday Stock Tips : Stock Tips Fo Tomorrow (04-Aug)

Intraday Stock Tips For Tomorrow (05th, Aug'10) 

Kale Consultants Ltd. (Target Hit)
Recommendation : Buy @ 135-138
CMP : 136.85
Target : 144+
Stoploss : 134

Hatsun Agro Products Ltd.
Recommendation : Buy @ 103-106
CMP : 103.45
Target : 110-115
Stoploss : 100

ABB (Target Hit)
Recommendation : Sell Below 784
CMP : 788.20
Target : 780-772
Stoploss : 794

TCS (Target Hit)
Recommendation : Buy above 875
CMP : 870
Target : 882-900
Stoploss : 858

More.......
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Stock Market For Tomorrow (05th-Aug)

It was a cheerful day for the Indian markets which traded a flat session for most part and closed at the high point of the day as well as highest of the last 52 weeks after a last-minute surge on the back of strong buying. All the IT stocks in NIFTY were among the top gainers. FMCG stocks had a good day with HUL and ITC looking up. Banking stocks attracted profit booking today and were subdued.

For trading tomorrow market expected to follow bullish trend, and may continue its growing phase. Nifty should find support level at 5,380-5350 and resistance at 5500-5530. On an intraday basis Sensex should find support at 17962-17880 and resistance at 18340-18500.

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Intraday Stock Tips; Stock Tips For Tomorrow(04th, Aug'10)

Intraday Stock Tips For Tomorrow (04th, Aug'10) 

Jindal Poly Films Ltd. (Target Hit)
Recommendation : Buy around 435
CMP : 431.70
Target : 445-455
Stoploss : 424.

Lumax Automotive Systems Ltd.
Recommendation : Buy above 51
CMP : 49.25
Target : 55-60
Stoploss : 46

Pidilite Industries Ltd (Target Hit)
Recommendation : Buy @ 139
CMP : 138.85
Target : 144-150
Stoploss : 135

HCL Technologies Ltd.(Target Hit)
Recommendation : Buy@ 393-395
CMP : 391.40
Target :402+
Stoploss : 386

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Stock Market For Tomorrow (04th-Aug)

It was a day of consolidation for the Indian markets after the good rally had been seen by y'day. For market tomorrow Nifty chart suggests a short term trend reversal above 5,400 level whereas on daily chart, the RSI is trading above 50 and below 70 level indicating consolidation in a current trend. The breach of 5,390 should trigger a selling pressure which will drag Nifty to 5,350 levels. We expect Nifty cash to trade in the range of 5,420 and 5,460. On upper side, we do not see Nifty cash moving above 5, 480.

Technical Views : Technically, the short term indicators had reached overbought levels but these indicators have relaxed over the last few sessions. This opens the scope for a further up move in the index. The index has returned to its positive zone in the Bollinger Band and the short term weakness has been overcome for now. Weekly charts continue suggesting sustainable strength.The index has also not breached important medium term levels on a closing basis so far. At present, this level stands at 5350. We had expected a period of consolidation and that is playing out very well. We remain positive on the overall trend but expect significant resistance around the 5,550-5,575 level.

On an Intraday Basis market is expected to move in a limited range and Nifty should find support level at 5,350 and resistance at 5470-5490.

Ref: Nifty Daily Reports

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Stocks Expected To Bullish and Bearish Today (03rd-Aug)

Expected bullish stocks:
Tata Chemicals, PNB, Videocon, Jain Irrigation, UCO Bank, SBI, PTC, RCF, HDFC Bank, REC, ONGC, Allahabad Bank, Dena Bank,  Kotak Bank, Ranbaxy, Educomp, M&M, Reliance.

Expected bearish stocks:
Jai Corp, Reliance Infra, Sun Pharma, Patni, ABB, Reliance Power, NTPC, India Cements, LIC Housing Finance, DLF, Reliance Capital, Cipla, Reliance Communications, TCS, ACC.

Nifty : More Possibilities To Touch 5450.
The possibility is looking very strong given the fact that we have sustained today's gap up opening and also the fact that the world markets as well as the base metals commodity complex is also looking good enough and it is holding onto its gains which we have seen for today's session. So yes, 5450 can be taken out but you could just have a couple of days of range bound trades between 5450-5500 and once you get past 5500 which is a key level for me, then you have 200-250 point move on the upside for Nifty. 

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Intraday Stock Tips : Stock Tips For 03rd, Aug'10

Intraday Stock Tips For Tues (03rd, Aug'10) 

Malu Paper Mills Ltd.
Recommendation : Buy above 19
CMP : 18.45
Target : 21+
Stoploss : 17.50

ICICI Bank Ltd.
Recommendation : Buy above 942
CMP : 939.75
Target : 960
Stoploss : 932

ABB
Recommendation : Sell around 800
CMP : 803.25
Target : 786-780
Stoploss : 815

Comment: The stock has failed to participate in positive trend of market too and now it is slowly breaking down. It looks a sell on rally stock.

Short Term Call
Nimbus Foods Industries Ltd.
Recommendation : Buy
CMP :8.51
Target : 20+
Period: About One Month
Comment : Company plans to enter into lucrative segment of breweries and disillery. Buy at any price and hold for about one month.


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Market Views : Stock Market For Tomorrow (03rd-Aug)

It was a cheerful start to the week for the Indian market which measured strong gains on the back of good buying in financial and with firm support from global markets. On the basis of daily technical chart, Nifty may bounce after breaching the rising wedge which indicates short term bullish trend in the market. The Nifty should face resistance near 5,470 & 5,500 level. A breakout above 5,450 only will be treated as the continuation of bullish trend, while trading below this level market may treat as consolidated and could go either side.

On an intraday basis, Nifty should find support near 5,398 & 5,370 level while the resistance will be at 5,457 & 5,500 level.

The Sensex should find supports at 17,890 and 17,760 and resistances at 18,182 and 18,250.

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