YESTERDAY CALL

INFOSYSTCH

This scrip came near to the first target and closed above this level.

MY VIEW

I expected market to continue the up trend but it did not. Monsoon too turned to good but market did not considered it. I thought that the market will rise till budget and still believe so. Today market closed below 4300 levels but as monsoon turned positive should not be left away. If nifty closes below 4240 then we may look for gap filling, until, I feel nifty will touch 4600 levels on or before Friday.

MARKET VIEW FOR WEDNESSDAY

Positive monsoon news will lead the market tomorrow I feel so. News, events, valuation are the factors important for share market. Budget is an event, now market is trading on this expectation, only aon actual budget day we will know the clear direction. So today’s close will not give a direction I feel so. I still feel market move up. Let’s see what happens tomorrow.

FREE TIPS FOR INTRADAY

HCLTECH

Technically this stock closed at its support level 185 below this level it may touch 172 levels. As I expect rupee to appreciate in near future I feel we can sell this scrip for intraday with a strict stop loss.

SUP: 185,174. RES: 191. STOP LOSS: 191

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SATURDAY GIVEN CALLS

The calls given on Saturday are for this week so keep an eye on the levels and watch the market movement and trade accordingly. I gave these calls on the expectation of budget and I expect nifty to cross 4600 levels this week, while this happens book profits on these scrips.

MY VIEW

Bad monsoon and budget between these to poles market is oscillating. Today market ended just above the previous close and in the price chart, to my knowledge a continuation pattern is formed.Let’s watch what happens tomorrow.

MARKET VIEW FOR TUESDAY

Tuesday I feel will nifty will close above 4450 levels.we should watch global markets too.

FREE TIPS FOR INTRADAY

INFOSYSTCH

I expect rupee to appreciate in near future so it will be negative for IT scrips. For this reason we can sell infosystch. Below 1757 it may touch 1711 levels.

SUP: 1757. RES: 1808 STOPLOSS:1808

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This week market was trading in a tight range and today it had a breakout and to my mind this was purely budget expectation rally.However I still expect the gap would be filled in near future may be after budget announcement.So, here I give speculation calls.

FREE TIPS

Only if market moves upwards trade these stocks.

SPECULATION CALLS

RELIANCE

Technically in the price chart 18/05/09 gap has been filled so if market moves upward we can buy this scrip above 2041 for a target 2250 in come week.

SUP: 1952 RES: 2143, 2178

SBIN

For past 12 trading session this scrip has resisted at 1764 levels and learned that some banks are merging with SBIN so I feel we can buy this stock for a target of 1900 levels come week, but strictly above 1764levels.

SUP: 1700 RES: 1763, 1817

LT

Technically in the price chart a breakout pattern is formed for next week I feel we can buy this scrip for a target of 1800 levels but strictly above 1630 levels.

SUP: 1581 RES: 1630

BHEL

Technically in the price chart a continuation pattern is formed so we can buy this scrip for a target of 2350 levels for next week.

SUP: 2179 RES:2246, 2287

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MY VIEW

To day market closed in a bullish mode.For past six trading session nifty was trading in a tight range without a clear direction.Today it closed near the resistant level 4375.Let’s watch happens next week.

MY VIEW THIS WEEK

This week I thought if nifty touches 4116 level then it would hit 3600 levels but it came near 4150 levels but bounce back immediately. Still there is a gap to filled.

MY VIEW FOR NEXT WEEK

Come week,if I am correct, another pre budget rally will start and nifty may touch 4700 levels.As past six days nifty was trading in a tight range and today it broke resistant 4352 and closed above this level.All eyes are on July 6 for budget announcement which is driving force for nifty rally.

NIFTY LEVEL

SUP: 4214, 4116 RES: 4515, 4640

I will post trading calls tonight or tomorrow.

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MY VIEW

Today market corrected and closed just above the 4214 level. For past three days nifty was trading in tight range. June contract ended in weak but July contract ended in premium. Let’s see what happens tomorrow.

MARKET VIEW FOR FRIDAY

July contract ended in premium, next week budget is to come and bad monsoon issue will have a solution in the budget base on these points I feel tomorrow may be there some up move. Technically in the price chart a breakout pattern is formed, any direction nifty will have a big move. Let’s watch what happens tomorrow.

Still I not clear about the direction and I am waiting for the breakout, so I give trading calls tomorrow.

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MY VIEW

Today nifty ended just above yesterday’s close.Technically in the price chart it shows that market is waiting for some news to take direction.Still I could not see strength.

MARKET VIEW FOR THURSDAY

Tomorrow inflation data, contract expiry are the event to be watched.Technically in the price chart to my knowledge there is no signal for up move and on Friday IMD’s press meet will release monsoon report.As the monsoon was weak and rain fall registered was below average I feel the rally would in down side.This is reason for the slow movement in the market for past sessions.4116 levels are to watched carefully for a clear direction to trade.

Again I could not make out a clear direction from the chart so I suggest to invest in sterlite at low level if market corrects.

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YESTERDAY CALLS

RELINFRA

This scrip came near to the first support but did not hit the target.

RELIANCE

This scrip hit the support levels in the opening itself so there is scope for trade.As it completed the gap created on 18/05/09 it bounced back from 1950 levels.

TATASTEEL

This scrip came near the first support but did not hit the target.

MY VIEW

Today market had a gap down opening and also faded today itself.Even though US market ended in deep red our market did not reacted much.There is still weakness.Let’s watch tomorrow trade.

MARKET VIEW FOR WEDNESDAY

Bad monsoon, deflation, slow growth are fundamental weakness which is not still addressed.Technically in the price chart I could not see bullish pattern to my knowledge I feel tomorrow will be mixed day. Thursday is contract expiry day and nifty support level 4214 has been broke, so we must be careful.Let’s watch what happens tomorrow.

Myself I am not clear about the direction so I give long term investment call.

LONG TERM INVESTMENT CALL

STERLITE

We can invest partly tomorrow say 20% of your investment money.Technically it has good potential for up move and as infra spending is the priority in the budget steel this scrip will be benefited. If market moves downward buy this scrip at any level.
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SATURDAY GIVEN CALL

TTML

This scrip did not achieve first support.

RELCAPITAL

I told to sell below 883 but it did not achieve that level during the trading hours.

RELINFRA

This scrip achieved two supports.

RELIANCE

This scrip achieved first support.

TATSTEEL

This scrip achieved first support.

MY VIEW

Today market ended in negative because of world banks forecast about recession.It views deep recession for this year this was reason for selling pressure. Nifty neared 4214 which is a good support but did not break. Let’s see what happens tomorrow.

MARKET VIEW FOR TUESDAY

Tomorrow may be there will be some selling pressure because nifty was near 4214 levels. If this breaks with volume then it lead to 4116 levels. Technically in the price chart I feel tomorrow too there will be some selling pressure but it also depends on global cues. Let’s watch what happens tomorrow.

FREE TIPS

Only if markets move downwards trade these scrip’s.

RELINFRA

Again we can sell this stock for a target 1123 levels. Technically in the price chart down trend is conformed. To my knowledge if it breaks 1196 levels it will defiantly hit 1148 levels and if market supports then 1123 levels.

SUP: 1196, 1148 RES: 1262.

RELIANCE

On 18/05/09 this scrip had a gap up opening nearly 200 points and today the gap has filled. Already it has negative news. I again recommend a call sell for a target of 1860 and below, with a strict stop loss of 1980.I request you to keep an eye on volume.

SUP: 1950, 1915 REL: 1980 STOP LOSS: 1980.

TATASTEEL

Technically in the price chart bearish pattern is formed. Again we can sell this scrip for a target 384 with a strict stop loss 412.

SUP: 384,373 RES: 405,412. STOP LOSS: 412.

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MY VIEW

Deflation is now a big issue. As analyst said that for coming months the inflation will be in negative which in turn will affect the corporate results for the next quarter. This is bad for market. Less money chases few goods is called deflation. In deflation the commodity prices will come down gradually so we get a product cheap in future than it costs today. Naturally we will wait for a cheap price to buy that product so consumption is stopped and demand comes down. As demand drops production falls consequently it contains further investment and growth is affected. It also raise unemployment problem.

I learned that monsoon may not beat the expectation but I not sure about that. These problems will have an impact in the budget and market is expecting more in the budget and to my mind I feel there may be some disappointment for the investors. May be these issue had an impact in the market for past two days I feel so. Last week I expected that market will touch 4100 levels and another rally will start but not happened. Nifty broke important support 4214 and immediately bounced to 4300 levels which are not healthy. Once it broke this level it should have touched 4116 level but not happened to my mind this shows that the downtrend will continue.

MARKET VIEW FOR NEXT WEEK [22/06/09 – 26/06/09]

Based on the above factors I feel come week nifty will near 3600 levels. Already there is gap in the chart which I thought it would be filled after budget but in prevailing situation I feel it would happen come week itself. Technically in the price chart too I could not see a strong bullish pattern may be Monday we may see some up move that too depends on global cues. In addition heavy weights scrip’s too are not strong.Only if nifty crosses 4484 with a increased volume we may see up move. If I am correct come week nifty downtrend will continue and only in the 3600 levels investing in the market will be worth I feel so.
Let’s watch what happens next week.

NIFTY LEVELS FOR NEXT WEEK [22/06/09 -26/06/09]

SUP:4214, 3593. RES: 4484.

FREE TIPS

Only if market moves downwards trade this scrips.

TTML

Technically in the price chart a bearish pattern is formed so we can sell this scrip for a target 28.90. I feel even if market moves upwards we can sell this scrip.

SUP: 33.10, 31.70. RES: 37.30.

RELCAPITAL

Technically in the price chart I feel the down trend may continue so we can sell this scrip at 883 levels for a target of 747 and below.

SUP: 854, 747 . RES: 930 STOP LOSS 930

RELINFRA

I had given this call on Friday it achieved first support.Still I feel we can sell this stock far a target of 1123 levels.Sell this scrip below 1243 levels

SUP: 1243, 1226 . RES: 1272 STOP LOSS: 1272

RELIANCE

Technically in the price chart a bearish pattern is formed so we can sell this scrip for a target of 1908 and below.Sell below 2025.

SUP: 2025, 1977. RES: 2051 STOP LOSS: 2051

TATASTEL

Technically in the price chart a bearish pattern is formed so we can sell this stock below 405 levels

SUP: 405, 384. RES: 417 STOP LOSS:417

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YESTERDAY CALLS

RELINFRA

This scrip hit the first support but did not achieved the target.As market bounced back this scrip too recovered.

HDFCBANK

This scrip did not achieved the target my prediction was wrong.Today I expected market would touch 4100 levels that’s why I gave sell call.

MY VIEW

Nifty came near 4200 levels and did not broke the 4200 level.however it broke the support of 4214.yesterday it came near this level but did not broke and today it had happen.to my mind this is not healthy for further rally.

I have some work so for next week market view and calls I post it today night or tomorrow.

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YESTERDAY'S CALLS

IDBI

This scrip came near to the first support.

MCDOWELL-N

This scrip came near the first target.

IDEA

This scrip came near the target.

MY VIEW

Today nifty came near 4214 level and closed below 4300 levels.Consecutively for two days nifty lost nearly 250 points.Let’s watch what happens tomorrow.

MARKET VIEW FOR FRIDAY

I feel tomorrow will be a mixed day, as past two days market saw heavy selling tomorrow may not be that much selling pressure and if I am correct then nifty will touch 4100 levels and bounce back.To my mind I feel tomorrow we can buy scrips at lower level and take part in another rally.nifty levels:

SUP: 4116. RES: 4356.

FREE TIPS

FRIDAY CALLS

Only if market moves down trade these scrips.

RELINFRA

Technically bearish pattern is formed,we can sell this scrip for a target 1095 and below.1180 level has good support, if it breaks it will touch 1123 level.

SUP: 1186,1123,1095. RES: 1200.

HDFCBANK

For past six trading days this scrips was trading in a tight range and technically in the price chart a bearish pattern is formed.so we can sell this scrip for a target 1400.However we should book profit when it approaches the target.

SUP: 1501. RES: 1556.

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YESTERDAY CALLS

RNRL

This scrip crossed the resistant level but as market moved downwards it could not move further and in the downside also it did not achieved the given target.

ONGC

This scrip achieved nearly the given target.

MY VIEW

I feel today nifty reacted for US market.As nifty plunged shows that bull is tired and relaxing,but not lost its control.If I am correct this may lost for couple of days or up to 4116 levels.We should wait for good opportunity to speculate in another bull rally.

MARKET VIEW FOR THURSDAY

As nifty ended below 4400 levels shows that mild correction has started and it may end at 4116 levels.Its next support is at 4214.Tomorrow nifty will react for global markets and inflation data.Nifty levels:

SUP: 4214, 4116. RES: 4430.

THURSDAY CALLS

Only if market moves down trade these scrips.

IDBI

Technically in the price chart a bearish pattern is formed,we can sell this scrip for a target 90 levels.We should book profit while it approaches the target price.

SUP: 99.60,97.10. RES: 105

MCDOWELL-N

Technically a bearish pattern is formed, if this stock breaks 830 levels with good volume it may hit 730 levels, but book profits when it approaches this level.We can sell this scrip

SUP: 830, 791,760. RES: 912.

IDEA

Technically in the price chart a bearish pattern is formed we can sell this stock for a target 75 levels.

SUP: 78.05,75. RES: 86.45

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YESTERDAY CALLS

RELIANCE

It came near to the first support but as nifty’s up move resisted it.Technically, to my knowledge, in the price chart the down move is resisted only tomorrow’s trade will give a direction for this scrip.

POWERGRID

Again this scrip too came near to the first target. Technically in the price chart to my knowledge this scrip too is resisted from the down move and waiting for a breakout so tomorrows trade will give a direction.

HINDALCO

I think good Q1 advance tax may resisted this stock from down move but it came near to the first support.Tomorow I wait and watch this scrip for another trade.

MY VIEW

Today I expected nifty would correct and end below 4400 levels but it ended above 4500 levels. As nifty saw buying pressure in last one hour tomorrow it may open in positive but still I am not confident in nifty up move.

VIEW FOR WEDNESSDAY

Yesterday US market plunged, today SGXNIFTY was weak but our market only had a gap down opening and proceed to close near the high. I am not convinced with reaction of nifty toward US market. Technically in the price chart to my knowledge I could not identify any bullish pattern. So I feel tomorrow market either trade in tight range or correct, not an up move. Let’s watch what happens Wednesday!

WEDNESSDAY CALLS

Only if market goes down trade these scrip’s.

RNRL

We can sell this stock for target 87.4, strictly if market moves down.

SUP: 87.40 RES: 104.50

ONGC

Technically a bearish pattern is formed and if market moves down the n we can sell this scrip for a target 1040 and below.

SUP: 1113, 1105.55 RES: 1166.

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In Saturday given recommendations LT achieved target,HDFCBANK and suzlon came near the target but not achieved, RANBAXY did not achieved target.

MY VIEW

Already market is waiting for an event to correct, reliance-rnrl case fueled the fire.Nifty ended below 4500 levels, and to my mind this indicates a mild correction.

MARKET VIEW FOR TUESDAY

Technically, in the nifty price chart bearish pattern continues but nifty future is ended in premium, so I feel tomorrow market may trade mixed. This week in US some important data are coming. So for coming days our market will take direction from US market. Still I expect some more correction. Let’s watch what happens.

RELIANCE

Technically in the price chart a clear bearish pattern is formed and negative news is there. If market moves down we can sell this stock for a target below 2090 levels.

SUP: 2115, 1950. RES: 2261.

POWERGRID

Technically in the price chart a nice bearish pattern is formed, if market moves down we can sell the scrip confidently for the target of 114 levels.

SUP: 119. RES: 125.

HINDALCO

Technically in the price chart a bearish pattern is formed if market moves down we can sell this stock for a target 87 levels.

SUP: 91. RES: 100.80.

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Due to some computer problem, the blog I updated on Friday morning appeared as Thursday. The recommendation given on SBIN and HEROHONDA are for Friday trade.

The target given was achieved for both scrip’s.

Here after I specify the day in my post. Sorry for inconvenience!

MY VIEW

Despite good IIP data, market reacted negatively. Why? As the budget is expected to have more reforms and stimulus package, market players are buying in the market. In this situation, IIP data released on Friday beats the economist’s expectation and also gives the signal that the economy is recovering. As the economy is recovering and demand is picking up, government may eliminate the stimulus package or reduce the amount or take some other action in the budget, which surely will disappoint the market. As already the budget expectation is factored in and the positive IIP data disappointed the players, they started selling. I expect Monday too there will be some selling pressure.

VIEW FOR THE WEEK {15/06/09 – 19/06/09}

Technically in the chart bearish pattern is formed. NIFTY very strongly resisted at 4693 levels. Come week market will be too volatile. To my mind, the pre budget rally may terminate too soon because the economic indicators are turning positive will consequently enhance growth and the government budget which is expected to have more stimulus package to drive growth may renounce or reduce the packages, which is negative for market. The players buying on this expectation may wind up their position. I feel come week nifty may touch 4116 levels. Let’s watch what happens.

VIEW FOR MONDAY

NIFTY

Technically, I feel on Monday market may have a gap down opening and remain in negative zone. I feel nifty will trade between these levels: 4400 – 4550.

SUP: 4552, 4428, and 4341. RES: 4693.

LT

This scrip is strongly resisted at 1700 levels, technically a weak pattern is formed in the chart and it is a beta stock, so we can sell the stock if markets trade in negative zone for a target of 1455.

SUP: 1544, 1525. RES: 1700.

HDFCBANK

This scrip is resisted at 1580 levels and technically a bearish pattern is formed in the chart, so, if market trades in negative zone we can sell this stock for a target of 1440.

SUP: 1501, 1440. RES: 1580.

SUZLON

Technically a strong bearish pattern is formed in the chart and was trading in a tight range for past three days. If market trades in negative zone we can sell this stock for a target 92.

SUP: 110, 107. RES: 130.

RANBAXY

Technically a bearish pattern as formed in the chart. If market trades in negative zone we can sell this stock for a target of 258.

SUP: 269, 254. RES: 306.

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MY VIEW
I feel today market may move downside if it happen so then I prefer.
SBIN

Technically in the chart bearish pattern is formed. If market moves downwards we can sell this stock. Its support exist at 1695 and down side target ,If I am not wrong nearly 200 points is there.
SUP : 1695

HEROHONDA

Technically in the chart a bearish pattern is formed.In addition this stock had a long run up without much correction.If market moves downward we can sell this stock for a target 1370, 1265.
SUP : 1462, 1370, 1265. RES : 1492.

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MY VIEW

To day market traded in a tight range even low inflation data did not create any wave.I still expect a correction and afraid to go long.Let us watch what happens tomorrow.
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MY VIEW

Today I expected that market would correct but it traded and ended positive.Technically in the chart I could not find any clear signal to buy.So still I am not dare to buy any scrip at these levels.I am waiting for a correction and searching for good scrips.ITC, INFOSYS, LT are some scrips that I would buy in correction and also searching for more scrips.I share those scrips later.
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SORRY! I could not able to update on Monday due to system problem.

On Monday I bought infosys at 1726 and booked profit at 1752 because I was told that UBS has to file bankruptcy on Monday consequently US market will end in negative so delivery is not good. However nothing happened. I planned to take delivery but I missed the chance. Today infosys was nearing 1800 levels.

MY VIEW

Today market ended in positive. Technically in the chart I feel the market is resisted at this level, as the IIP data is to come this week. May be that data would be a trigger for either side move, I feel so. Let’s watch what happens tomorrow.

Infosystch

Technically I feel there will be strong resistance at 1854. To my mind we can book profits tomorrow if anybody bought on Monday and shall buy again at correction.

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MY VIEW

I choose some stocks for delivery and intraday and wish to share with you.

DELIVERY

INFOSYSTCH

Technically, in the price chart a bullish pattern is formed. Though IT sector is struggling, the pattern formed is the chart gives me confident to buy for the target of 1800. Even nifty corrects, to my mind, this stock will travel against market and achieve the target within this week. I will buy this stock on Monday for delivery.

Res: 1759,1789. Target: 1800 and above.

INTRADAY

SUZLON

In the price chart a mild correction pattern is formed. So I feel, on Monday for intraday, we can sell this stock if market start to move downward.

Sup: 126, 110. Target: 110 and below.

RELIANCE

For past 10 trading session this stock is trading in tight range without much volatile. To my mind it did not participated in the nifty rally and in the price chart a bearish pattern is formed. So on Monday for intraday, we can sell this stock if market start to move downward.

Sup: 2142, 1950. Target: 2142 and below.

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MY VIEW

To day market ended near 4600 levels. Technically, in nifty chart, continuously for past three days doji's are formed. This denotes that market is heavily resisted at this levels. To my mind ,still I expect a 300-400 points correction in come week; this week it self, expected this but did not happened.May be market players are waiting for monthly iip data which will be released on jun 12 and may be a trigger for either side I hope so. In addition index heavy weights reliance chart also shows some weakness with decreasing volume.Furthermore global cues did not show strong recovery.Let us watch what happens next week.
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MY VIEW

Today market closed just above previous close.I expected a negative ending today.President speech and low inflation data should have boosted market today.However I still expect a correction before another rally.Technically in the chart there is no sign for further rally, even though the sentiment is good, the strength is absent.
Today I short suzlon at 123 and covered at 136 with loss.As this stock rallied for past 3-4 days I thought it would correct today but I was wrong.A gain tomorrow I expect correction. Let's watch what happens.
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MY VIEW
Today nifty closed at previous close level. Past three days was closing around 4530 levels which shows market is waiting for a breakout.Towards which direction is a puzzle.To my knowledge there are two reasons; 1) As the budget is expected to be a growth oriented budget, we can say market may move upwards.2) As there was a huge gap up opening which is not yet consolidated, we can say market move downwards for that consolidation. To my mind I feel market will move downwards because the gap up opening is not yet consolidated.I am waiting for 4100 levels to take in the pre-budget rally. Let's watch what happens.
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MY VIEW
As I said yesterday, that today a we may see some sell off, that's what happening. Let us watch how nifty ends.
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MY VIEW
To day nifty closed above 4500 levels. However declines against advances are high which is not healthy sign. Technically, in nifty's intraday chart, an inverted head and shoulder with raising wedge pattern was formed, which is bearish. so I feel tomorrow nifty may trade in red. Let's watch what happens tomorrow.
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MY VIEW

Today market closed above 4500 levels.It struggled to reach that level. Only at the closing time it reached that level. On 18-05-09 nifty had a gap up opening of nearly 700points and had friezed due to election results. In addition, continued to rally with the same mood to 4500 levels.To my knowledge technically nifty had not yet consolidated for that 700 points, so I feel this raise is without strength. To my mind nifty should come to 4116 levels this week, before the pre budget rally of 5300 levels.
Other wise, achieving 5300 levels in June contract will be difficult. Let us wait and watch.
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