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Breaking news,Technical,Trading calls,short term picks and more for Indian Stock market investors from Prasanth DVM.



Last Build Date: Tue, 09 Feb 2010 12:19:18 +0000

 



Market View

Tue, 09 Feb 2010 04:12:00 +0000

Major US stock averages went down on Monday wherein the Dow Jones slipped below the psychological 10000 mark led by Banking and Financial stocks as persisting fears over the US economy and European debt weighted Investor sentiment. Stock markets in the Asia-Pacific region are trading mixed today morning.

Among the key gauges in India, The NSE Nifty is expected to open in a constricted range. The Critical level for upside is seen at 4792 and if Nifty maintains above this level it can move to the first Resistance at 4828 mark. Bullish sentiment above this mark can take Nifty to higher Resistance around 4852 level. However, below the Critical level market may slide to Support at 4750 level. For Intra-day, Strong and Major Support exist at 4716.



NIFTY SPOT HURDLE AT 4790 CLOSE ABOVE TRG 4920

Mon, 08 Feb 2010 08:50:00 +0000

USE STOP LOSS OF 4710 CLOSING BASIC FOR ALL LONG

AND STOCK GIVEN FOR BUY IN MORNING

NIFTY SPOT HURDLE AT 4790 CLOSE ABOVE TRG 4920



STOCK TO WATCH & BUY

Mon, 08 Feb 2010 03:27:00 +0000

JPA , JINDAL STEEL , RELCAP, IFCI , RCF, CHAMBAL, PUNJLLYOD, TATA STELL

ICICIBANK, DENABANK, ESSAROIL, MOSERBAER, KINGFIRSHER & BARTRONIC
ALL LOOK GOOD FOR INTRADAY / SHORT TERM / LONG TERM
BUT BUY FERT.. ONLY TILL BUDGET........
BARTRONIC ALSO LOOK GOOD FOR BUDGET
STOCK IN NEWS FOR RAIL BUDGET TEXMACO



BUY NIFTY FEB 4900 CALLS

Sun, 07 Feb 2010 20:39:00 +0000

WE ARE EXPECTING THE CALL TO GIVE SUPERB PROFITBUY BWT 50-60
STOP LOSS CLOSING BELOW 4710 NIFTY SPOT
TRG EXPECTED 120-160-220



US important data to watch:From 8/2/2010 to 12/2/2010

Sun, 07 Feb 2010 17:31:00 +0000

Time (ET)      report             period
 
MONDAY, Feb. 8
              None scheduled                      
Tuesday, Feb. 9
7:30 am     NFIB index     Jan
8:55 am         Redbook
10 am             Wholesale inventories     Dec
10 am             Job openings     Dec   
Wednesday, feb. 10
8:30 am     International Trade balance     Dec
10:30 am        EIA Petroleum Status Report
12.45 pm        Charles Plosser's Speech
2 pm             Treasury Budget balance Jan
Thursday, feb. 11
8:30 am     Jobless claims     2/6
8:30 am     Retail sales     Jan
8:30 am     Retail sales ex-autos     Jan
10 am             Business Inventories     Dec
10:30 am        EIA Natural Gas Report
Friday, feb. 12
10 am             Consumer sentiment     Feb



HIGH RISK HIGH REWARD 4900 NIFTY FEB 10 CALL

Sat, 06 Feb 2010 07:40:00 +0000

OPTION IS VERY HIGH RISK HIGH REWARD RATIO
IT'S LIKE JUMPING IN BURNING TRAIN

DOW HIT OUR LOWER TRG OF 9850 BELOW 9998
AND BOUNCE BACK


LET'S WAIT FOR THE MONDAY FOR FRESH VIEW
HOPE ALL WILL BE WELL

NIFTY & FEW STOCK EOD CHART WOULD
BE UPDATED LATER..........



Nifty Eod Views & Chart 03-Feb-10

Wed, 03 Feb 2010 20:13:00 +0000

For view on nifty
See the chart in enlarge view
Get ready for buying Nifty put option
Above 5000 Level's
Overall our views on Nifty remain the same
View 1 & 2 will give good reward ratio



Views On Dow & Eod Chart

Wed, 03 Feb 2010 13:47:00 +0000

Dow yesterday manage to come near resistence
level of 10320-30 made a high of 10315
For today if dow manage to sustain above 10330 level
likely to hit 10400-10410 level by 2day or 2morrow
support come's at 10265 & 10210




Dow chart & views

Tue, 02 Feb 2010 14:53:00 +0000

For today if dow sustain above 10210
can hit next resistence level of 10320-30
support at 10150



Postional Buy: RCF & RELCAP

Tue, 02 Feb 2010 07:05:00 +0000

1)Relcap 775 SL 755 target 810/830/860
2)RCF 108.50 SL 105 target 112/114/120


CARRY BUY IN RELCAP & RCF



Intraday chart & view

Tue, 02 Feb 2010 05:50:00 +0000

It look like market (nifty) to make head & shoulder pattern
head being 4885 and shoulder's between 4910-20 levels
let's see what happen next.......
our views on nifty remain the same
as below........ view 1 & 2 will give good reward ratio




Dow Eod chart & views: Likely to take support at 9990-10k levels

Mon, 01 Feb 2010 13:16:00 +0000

FOR 2 DAY's DOW GIVEN CLOSE BELOW
LEVEL OF 10150 TARGETING TO LEVEL OF
9850-9750 WITH MINOR SUP AT 9998
LIKELY TO TAKE SUPPORT AT 9990-10K LEVELS
AND BOUNCE BACK TILL 10210-10320



Nifty Eod chart & 3 views on nifty

Mon, 01 Feb 2010 13:07:00 +0000

(1) Expected pull upto 5000-5100 levels
once nifty close above 4920
above 5000 levels we advice for
buy Feb Nifty Puts option strike price
4900, 4800 & 4700 all in equal qty
from 5000-5100 levels we expected
market to hit level of 4570-80
once 4710 broken......
ALL ABOVE SPOT LEVELS

(2)Buy NIFTY FUT ABOVE 4930
WITH STOP LOSS OF 4860
CLOSING BASIC
TARGET 5060-5080
ALL ABOVE SPOT LEVELS

(3)Look for buying nifty around minor support at 4750-4780
stop loss 4710 closing basic
if nifty break & close below 4710 then nifty
heading for 4570-80 short if close below 4710



US important data to watch:From 1/2/2010 to 5/2/2010

Sun, 31 Jan 2010 06:24:00 +0000

Time (ET)      report             period
 
MONDAY, Feb. 1
8:30 am     Personal income and Outlays     Dec.
8:30 am     Consumer spending     Dec.
10 am     ISM Manufacturing Index    Jan.
10 am     Construction spending     Dec.
Tuesday, Feb. 2
10 am     Pending home sales Index     Dec.
10 am Tim Geithner's Speech
10 am Paul Volcker's Speech
TBA     Motor vehicle sales     Jan.
Wednesday, feb. 3
7.30 am Challanger Job Cut Report Jan
8:15 am     ADP employment report     Jan.
10 am     ISM non-manufacturing Index     Jan.
10.30 am EIA Petroleum Status Report
1.00 pm Kevin Warsh's speech
Thursday, feb. 4
8:30 am     Jobless claims     1/30
8:30 am     Productivity     4Q
10 am     Factory orders     Dec.
10.30 am EIA Natural gas report      
Friday, feb. 5
8:30 am     Nonfarm payrolls     Jan.
8:30 am     Unemployment rate     Jan.
8:30 am     Average hourly earnings     Jan.
3 pm     Consumer credit     Dec.
       Tim Geithner's speech
5.15 pm James Bullard's speech



Eod Chart & Views : Dow after 4 days of try finally closed below 10150

Fri, 29 Jan 2010 12:22:00 +0000

Dow Eod Chart & Views
Dow after 4 days of try
finally closed below 10150
If today also dow manage to
close below 10150 target
9850-9750 confirm
with a minor support at 9998
dow resistence at 10310
minor resistence at 10230-20 level



Market View

Thu, 28 Jan 2010 03:23:00 +0000

Stock market in the US finish with marginal gains on Wednesday led by Technology and Banking stocks, which rebounded amidst relief that the US Fed kept its benchmark interest rates unchanged; offering no surprises. Asian stock averages are moving up after witnessing sharp fall in the past few trading sessions.

Domestic stock markets are expected to open in the green on Thursday morning. The Critical level for The NSE Nifty is 4877 and as long as it stays above this level the momentum is expected to be in the positive direction. However, on the upside, The first Major test for the Nifty is to cross-over and trade above the 4932 mark. Around this level some kind of nervousness might creep-in due to the Futures and Options rollover. If it can withhold the selling pressure around this level, Nifty can target the Major Resistance at 4972. Though, if Nifty looses Critical Support, weakness can push it down to first Support at 4824. Lower and strong Support comes at 4790 level.



DOW CLOSE BELOW 10150 HEADING BELOW 10000

Wed, 27 Jan 2010 16:15:00 +0000

DOW CLOSE BELOW 10150
HEADING FOR BELOW 10000
TARGET 9850-9750 CONFIRM
BUT A MINOR SUPPORT AT 9998



Market View

Wed, 27 Jan 2010 03:38:00 +0000

US Stocks fell by modest margins on Tuesday, despite some positive news on Consumer confidence as the day’s optimism was overshadowed by concerns regarding prospective policies by President Barack Obama. Asian stock markets are trading mixed after witnessing deep cuts in n trade on Monday.

On the domestic front, Nifty is expected to open down around the Critical level of 4931 level, while the weak cues in Asia over the past 2 days may push it towards its first Major Support at 4916. Sustained selling pressure may drag it down to its Lower Support around the 4880 level. However, for any Intraday bounce back, Nifty has to cross-over its Critical level at 4931. Upper to this, Resistance is seen at 4982 followed by Higher Resistance at 5020 mark.



Views on Nifty minor Support at 4980 Major at 4920

Tue, 26 Jan 2010 18:31:00 +0000


Nifty Daily Chart
On Monday Nifty took support around 4980
level of 4980 act as a minor support below 5060
Major Support comes at 4920
For wenesday short nifty on break of 4980
for trg 4920-4930 & stop loss 5020
two days closing below 4920
Nifty heading for 4790
all above are spot levels
-------------------------------
Those short at these levels or waiting
for much lower levels should keep a
stop loss of 5060 spot closing basic


Nifty Weekly Chart
On Monday Again Nifty manage
to close above weekly support of 4990
As per weekly chart
NOW BREAK AND CLOSE BELOW 4990
TARGET 4790 CONFIRM
Minor support btw 4930-20
WAIT AND WATCH




Views on TataSteel, Reliance & Rel Capital

Tue, 26 Jan 2010 18:25:00 +0000


TATASTEEL
ON MONDAY TATSTEEL MANAGE TO BREAK
AND CLOSE BELOW 615
NEXT SUPPORT COME AT 590..LATER
WE TOLD TO EXIT LONG AND ADD SHORT
ON RISE UPPER LEVEL OF 660-661 WAS GIVEN
TATASTEEL WENT UPTO 659
HOPE YOU ENJOYED THE ALERT


REL CAPITAL
BREAK & CLOSE BELOW 830
TARGET 780 CONFIRM
STOP LOSS 860
SHORT BELOW GIVEN LEVEL



RELIANCE
BREAK & CLOSE BELOW 1030
STOP LOSS 1060
TARGET 990-980-950-940
SHORT BELOW GIVEN LEVEL





Views on Jpassociates / Punjlloyd & your favt. Jindal Steel & power along with charts

Tue, 26 Jan 2010 18:09:00 +0000


Jindal Steel & Power
ACCUMULATE THE STOCK BTW 655-635
USE DIPs TO BUY THE STOCK
WE ARE BULLISH ON STOCK
SOME MORE SELLING MAY COME
RSI NEAR OVERSOLD AREA
SHOULD BOUNCE BACK
STOP LOSS 590
MAJOR SUPPORT BTW 580-590
TRG 720-740-920-960
ULIMATE TRG 1300+++


Punjlloyd
GOOD SUPPORT AT 170
USE DIPS TO BUY THE STOCK
TRY TO BUY BELOW 180
WITH STOPLOSS OF 165
TRG 195-215-225-240-280


Jpassociates
ON MONDAY WE TOLD BREAK BELOW 145
WILL TRY FOR 140-138 LEVELS MADE LOW OF 141
TRY TO BUY BTW 135-140 LEVELS
WITH STOP LOSS OF 125
TARGET OF 160/165/170







DOW Next Support at 10150 (eod & weekly charts)

Tue, 26 Jan 2010 13:56:00 +0000


Dow Daily Chart

dow resistence at 10310
minor resistence at 10230-20 level
dow broken major support of 10210
now next support comes around 10150
break & close below the same target
9850-9750 confirm
minor support at 9998



Dow Weekly Chart

Dow broken weekly trend line
support at 10590... the reason of sell off
Dow yesterday manage to close
above weekly support level of 10190
but close below near term trend support line
any two days closing below 10190 level
trg 9850-9750 confirm



Results today:

Mon, 25 Jan 2010 03:36:00 +0000

 SBI, Hero Honda, M&M, Hindalco, Sterlite, HCL Tech, Power Grid,  Godrej Ind, Gujarat Alk, Jet, Voltas, Wockhardt, Aarti Drugs, Alembic, Allcargo, Andhra Bk, blue star, C&C Const, Cadila Health, Cummins, DB Corp, Deepak Fert, Electrotherm, GSK Cons, Himatsingka Seide, Hotel Leela, India Cem, IndiaBulls Fin, Indiabulls Sec, Jyoti Structures, KEC intl, Liberty Shoes, LIC Hsg fin, Mirza Intl, Nelco, Oriental Hotels, Pantaloon retail, Redington, Repro Ind, Shanthi gears, Shasun Cem, Shriram EPC, Supreme Petrochem, Tantia Const, Tata Coffee, Tata Teleserv, TV today , Zydus Wellness, GSPL, Kanoria Chem, Lloyds Steel, Nelco, SPIC,



Nifty EOD & Weekly Charts along Views

Mon, 25 Jan 2010 03:31:00 +0000



As told you in advance break below 5060
level of 4920-40 confirm nifty spot made
a low of 4955 on firday and bounce back
For Monday Nifty minor support at 4990
and will again try for 4920-40 levels
if break & close below 4920 confirm trg 4790
let's wait and watch keep the finger cross
see how asian market react at morning
for sure europe would open down more than 1%


AS PER WEEKLY CHART
NEXT SUPPORT COMES AT 4990
ON FIRDAY IT MANAGE TO BREAK
LEVEL OF 4990 INTRADAY
BUT DID NOT CLOSE BELOW THE SAME
NOW BREAK AND CLOSE BELOW 4990
TARGET 4790 CONFIRM
WAIT AND WATCH




Market View

Mon, 25 Jan 2010 03:23:00 +0000

US stocks saw sharp losses on Friday as China's aim to curb Economic growth by monetary tightening, newly proposed Financial regulations from the US President and some lower than expected earnings results all drove the selling pressure. Asian market averages are trading with moderate losses on Monday morning.

Among the Indian stock indices, The NSE Nifty is expected to open around the Critical level at 5005. Below Critical level, fresh unwinding pressure may creep-in, wherein Nifty can move to its Support at 4968. Lower to this strong and Major Support is seen at 4935. However, any upside can happen above the first Resistance at 5048. If Nifty manages to stabilize above this, it can Target 5074 on the upper side.