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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Intraday Stock Tips For Today 23-Feb

Suzlon Energy Ltd
Sell below 28.30 for target of Rs. 27.40-26.50 with stoploss of Rs. 29.25

Reliance Industries Ltd
Sell above 833 for target of Rs. 825-820 with stoploss of Rs. 840.

Development Credit Bank Ltd
Sell above 46.45 for target of Rs. 45.50-44.80 with stoploss of Rs. 47.10.

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Market Technical Views For Today 23-Feb

Feb derivative futures expiry is scheduled today and market is likely to witnessed high volatility. Global developments related to Greece and US economy will continue to influence market sentiments. Nifty showed selling pressure as profit-booking was seen at higher levels, i.e., around 5,600 level. Intraday support was seen at 5,570 level, and as this level was broken, further selling pressure was witnessed. Nifty closed near low of the day near 5,500 level. 

For intraday trading on Thursday 23-Feb, trend deciding level is at 5,530. If Nifty shows strength above 5,530 levels, then rally to 5,570-5,600-5,630 may be seen. If Nifty does not show strength above 5,530 levels then selling pressure till 5,460-5,425-5,390 may also be seen.

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Intraday Share Tips For Today 22-Feb

LIC Housing Finance Ltd
Buy above 270 for target of Rs. 274-276.30 with stoploss of Rs. 266.80

Educomp Solutions Ltd
Sell below 237 for target of Rs. 234-231.55 with stoploss of Rs. 240.10

Hindalco Industries Ltd
Buy above 156 for target of Rs. 158.30-160.50 with stoploss of Rs. 153.90

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Stock Futures and Options Tips

GMR INFRASTRUCTURE LTD.
Lot Size 8000
Future Expiry : Apr 26, 2012   
Buy above 33.50 for target of Rs 51 and stoploss of Rs 22.00

STATE BANK OF INDIA
Lot Size 125
Future Expiry : Mar 29, 2012       
Sell above 2460 for target of Rs 2315 and stoploss of Rs 2485.

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Market Technical Views For Tomorrow 22-Feb

Indian Stock Markets traded well today with significant gains of 0.76%. Nifty witnessed good strength and closed in green above 5,600 levels. Buying interest may be continuing above 5,625 levels. However, if Nifty manages to trade above 5,625 levels then profit booking may be seen. Nifty Feb future expiry due in this week and volatility may be seen till expiry. 

For intraday trading tomorrow, trend deciding level is 5,600. If Nifty shows strength above 5,600 levels, then rally to 5,640-5,670-5,700 may be seen. On the downside if Nifty does not show strength above 5,600 levels then selling pressure till 5,555-5,520-5,500 may also be seen.

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ENIL Looks Bullish, Buy For Target Of 265-270

We post our views bullish on Entertainment Network (India) Ltd. The stock is showing good patterns on the volume side. I would look out for some kind of supply, 242-243, which is the 200-day average level. The overall setup is positive.

After some kind of struggle, the stock should be able to trade above 243 and rally to about 265-270 can happen over here.

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Stocks Intraday Trading Tips 17-Feb

Orbit Corporation Ltd
Buy above 63.50 for target of Rs. 65-66.15 with stoploss of Rs. 62.55

Tata Motors Ltd
Buy above 277 for target of Rs. 282-285 with stoploss of Rs. 273.60

Allahabad Bank
Buy above 194 for target of Rs. 197-198.70 with stoploss of Rs. 191.25

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Stock Market Outlook For Tomorrow 17-Feb

It was almost good trading session today. Markets recovered from the lows of the day and finally closed with moderate losses. Realty, power, capital goods and IT sectors were gainers of the day while metal and oil & gas came under selling pressure.

Global sentiments may continue to influence market behavior and could make it highly volatile. Two consecutive closings above 5,500 level have made the short term trend of the Nifty bullish. For Intraday trading tomorrow Nifty is having important resistance levels at 5550-5600, while on the downside support exists 5,450-5,420.

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Stocks Intraday Tips For Today 16-Feb

Financial Technologies (India) Ltd
Sell below 825 for target of Rs. 817-810 with stoploss of Rs. 832.

Ranbaxy Laboratories Ltd
Buy above 443 for target of Rs. 450-453 with stoploss of Rs. 337.50

Reliance Power Ltd
Buy above 123 for target of Rs. 125.70-127.50 with stoploss of Rs. 120.30

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Stock Futures and Options Trading Tips 16-Feb

MPHASIS LIMITED
Lot Size 1000
Future Expiry : Mar 29, 2012   
Buy above 390 for target of Rs 428 and stoploss of Rs 372.

SOBHA DEVELOPERS LTD
Lot Size 1000
Future Expiry : Feb 23, 2012       
Buy above 281.60 for target of Rs 300 and stoploss of Rs 275.

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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.

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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.

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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

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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

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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

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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.

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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).

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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.

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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

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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

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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.

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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..

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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.

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Stocks Intraday Tips 08-Feb

SELL Adani Enterprises below 400, TGT 393-385, SL 410.

SELL Adani Power below 74, TGT 71-68.40, SL 77.50

BUY Jain Irrigation above 99, TGT 103-105, SL 95.80

BUY Central Bank below 99, TGT 102.30-103.50, SL 97.00

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Stocks Intraday Views & Recommendations 08-Feb

BHARTI AIRTEL LTD.

The stock witnessed a continuous down move during the trading hour and closed on negative note. At the current level the major trend in the stock is sideways. The stock is now facing resistance at 395 and has support at 370.Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.

Support : 370
Resistance : 395

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Markets Outlook For Tomorrow 08-Feb

Nifty showed selling pressure from resistance near 5,400 levels and closed in red. Nifty is having tough time near 5,400 levels. Further buying interest may be seen only above 5,400 levels. On downside, Nifty has support in 5,250-5,200 zone. For Daily Purpose, Trend deciding level is 5,350. If Nifty shows strength above 5,350 levels, then rally to 5,400/5,450/5,500 may be seen. If Nifty does not show strength above 5,350 levels then selling pressure till 5,300/5,250/5200 may also be seen.

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Intraday Share Tips For Today 07-Feb

BUY Tata Power Co. Ltd. above 107.50, TGT 110-112, SL 105.00

BUY Cipla Ltd. below 350.60, TGT 355-357, SL 347.00

BUY Jindal Stainless above 79, TGT 82-84, SL 77.00

SELL Sesa Goa Ltd. below 228, TGT 225.20-223, SL 232.00

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Best Stcoks To Buy - Share Trading Recommednations

For last few sessions commodity stocks are in nice uptrends. Stocks like Sesa Goa and Sterlite are coming out of big bear markets and on all declines they should be bought. 

Sesa Goa can easily correct back towards Rs 200 but once we get past Rs 240, you will easily see Rs 280-290 coming in on Sesa Goa. Similarly on Sterlite, Rs 145-150 is likely. 

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Nifty Intraday Outlook For Tomorrow 07-Feb

As expected and said, Markets continued its bullish trend and witnessed smart gains today. Nifty surpasses the resistance of 5,265 and registers a break out of a fourteen month old Channel which shows a bullish indication. For the intraday trading tomorrow immediate resistance is now placed at 5,400 whereas 5,250 is an immediate support level. If Nifty manages to trade above 5400 level then rally to 5450-5500 can be seen in near term, on the downside if Nifty breaches 5250, then it may slide to 5200-5125 levels.

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Intraday Stock Tips For Monday 06-Feb

BUY Allahabad Bank above 175, TGT 178-180, SL 172.00

BUY ICICI Bank above 920, TGT 932-940, SL 910.00

BUY BGR Energy Sys. above 242, TGT 246-248.55, SL 239.60

BUY BEML Ltd above 550, TGT 557-560, SL 545.00

BUY Biocon above 280, TGT 284-286.50, SL 276.00

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Markets Trend For Monday 06-Feb

Nifty short term trend is strongly bullish, and it has given the fact that it is trading well above the 200 DMA of 5,194. Going forward for Nifty Outlook, it may find next resistance at 5,355 and 5,385 while the support level is there at 5,275 and 5,230. Traders are advised to be cautious as the Nifty volatility has started to move up from the lower levels showing that investors fear higher level selling.Global developments will continue to influence the sentiments, thereby making the markets highly volatile.

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Intraday Share Tips For Today 03-Feb

BUY Power Fin.Corporation below 180, TGT 183-185, SL 177.50.

BUY Container Corporation below 955, TGT 970-975, SL 935.00.

BUY Orchid Chemicals below 173, TGT 175.70-178, SL 169.75.

BUY LIC Housing Fin. above 261, TGT 264-266.50, SL 258.

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Nifty Intraday Trend For Tomorrow 03-Feb

While commenting on Nifty Outlook, the short term trend has definitely turned bullish. However, global developments will continue to influence the market sentiments, thereby making the markets highly volatile. The levels of 5220-5210 will now act as support on the downside. On the upside, Nifty has some resistance in 5,300-5,350 zone.

For intraday trading tomorrow, trend deciding level is 5,280. If Nifty shows strength above 5,280 levels, then rally to 5,325-5,350-5,400 may be seen. On the other hand if Nifty does not show strength above 5,280 levels then selling pressure till 5,230-5,200-5,150 may also be seen.

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Highly Bullish On Strides Arcolab - Buy With Price Target 625-650

On the chart, Strides Arcolab Ltd. is looking very exciting. We post our view bullish on the stock. Strides has gone into all time highs and from the 1st of January the stock has already gone up by about 35%-40% but my sense is that there are still good amount of trading upside left. You might get a pullback on a correction, a 10% drop can happen after 35% rise but overall this is a stock which on the charts suggest me a price target of about Rs 625 to Rs 650. There is good amount of upside left, if somebody is holding as investor over here can keep holding on.

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Stock Futures and Options Tips

TCS LTD.
Lot Size 250
Future Expiry : Feb 23, 2012   
Buy below 1135 for target of Rs 1175 and stoploss of Rs 1124.

DABUR INDIA LTD
Lot Size 2000
Future Expiry : Feb 23, 2012       
Buy below 96.30 for target of Rs 99.50 and stoploss of Rs 95.00.

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Nifty Intraday Outlook For Tomorrow 02-Feb

Indian Equity Markets made moderate gains on the positive notes today.Metals and Capital Goods were the biggest gainers today, while Auto and Realty too made smart gains.

For Nifty Intraday Outlook tomorrow, trend deciding level is at 5230. If Nifty trades above this level then rally to 5275-5320 is expected. Technically Nifty has immediate resistance at 5,275 level. Above 5,275, Nifty could find next resistance at 5,350. On the downside 5180-5135 has become a major support level for Intraday trading.

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Stocks Intraday Tips For Today 01-Feb

BUY Mahindra Lifespace above 289, TGT 293-295, SL 285.00.

BUY NMDC Ltd. above 179, TGT 182-183.70, SL 176.00.

BUY Jet Airways    above 250.75, TGT 253.20-255.50, SL 247.60

SELL LIC Housing Fin. below 251, TGT 248.35-246, SL 254.25.

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