Impacts Of Union Budget On Indian Stock Markets

The Indian stock market was clouded with Union Budget worries the whole of last month. However the budget only spelt well for the market. In the coming times economic consolidation will lead to sustainable growth which will be beneficial for India Inc.

BUDGET CONCERNS prevailed in the Indian stock market during February. The market was more or less volatile. During the second half of February the market showed a little bit of consolidation. The Rail Budget was a non- event but Union budget was not. On the budget day sensex gained 175 points, the highest single day gain in February. Except the fuel price hike proposal the budget was pretty decent according to first reviews.

Continue reading →

Intraday Share Tips For Tomorrow 01-Mar

Coal India Ltd. (two TGTs Hit)
CMP : 328.15
Buy above 330 for Target of Rs 335-339-345+ and Stoploss of Rs 321.

McLeod Russel (India) Ltd. (two TGTs Hit)
CMP : 210.30
Buy @ 210-211 for Target of Rs 214-216-218.40 and Stoploss of Rs 207.

Continue reading →

Nifty outlook for Tomorrow 01-Mar

Today Nifty showed shooting star candlestick pattern, after which a hammer candlestick pattern shows indecision among bulls and bears. Neither Bulls nor bears have been able to take advantages. For next trading session selling pressure may be continuing below 5,300 levels. On the other hand, If Nifty shows respect for support at 5,300 levels then some recovery may also be seen. 

For intraday trading, trend deciding level is at 5,300-5,330. If Nifty shows strength above this level, then rally to 5,360/5,400/5,460 levels may be seen. On the downside if Nifty fails to show strength above 5,300 levels then selling till 5,260/5,225/5,180 may also be seen.

Continue reading →

Intraday Tips For Monday 28-Feb

Dish TV India Ltd.
CMP : 58.10
Buy above 59 for Target of Rs 60/60.60/61.50 and Stoploss of Rs 56.30.

Mercator Lines Ltd. (All TGTs Hit)
CMP : 35.40
Buy @ 35.60 for Target of Rs 36/36.50/37 and Stoploss of Rs 34.50

Continue reading →

Market Technical Views For Monday 28-Feb

By the weekend market recovered some gains which suggests some positive trend for coming trading sessions. Looking at Nifty daily charts and reports it is expected that market may remain positive on Monday.

For intraday trading, trend deciding level is at 5,315-5,320. If Nifty shows strength above these levels, then rally to 5,350/5,390/5425 levels may be seen.  On the downside if Nifty does not show strength above these levels then selling till 5,270/5,240/5,210 may also be seen.

Continue reading →