01-06-2009- TO 05-06-2009 WEEKLY UPDATE

<<< CLICK FOR IMAGE UPLOAD

WEEKLY CALLS

22-05-2009

Markets have started to give off some gains and the Sensex is likely to move towards the gap left by it on Monday. Some Midacps may still outperform the broad market.

Sensex Resistance 13870-14021-14089. Support 13672-13479-13275.

Nifty Resistance 4252-4280-4319. Support 4188-4137-4021.

Sell RiL 2115 SL 2145 Tgt 2089-2052-2036.

Sell ICICI 673 SL 704 Tgt 636-616.

Sell Bhel 1965 SL 2050 Tgt 1935-1876-1800.

Sell HDFC 2093 SL 2151 Tgt 2055-1982-1953.

Some Stocks to Buy At Lower Levels

Buy Tech Mah 416 SL 402 Tgt 435-448-489.

Buy Opto Ckt 157 SL 148 Tgt 166-183.

Buy DCHL 70 SL 65 Tgt 76-79.

Buy Noida Toll 35 SL 33 Tgt 38-41.

Buy Gt Offshore 327 SL 318 Tgt 341-365.

Buy Divis Lab 1156 SL 1108 Tgt 1190-1229.

20-05-2009

Market corrected from the highs yesterday. Today market will witness buying at lower levels once again. Volatility will only increase.

Sensex Resistance 14512-14666-14930. Support 14240-13834-13666.

Nifty Resistance 4361-4421-4509. Support 4271-4167-4016.

Buy Fin Tech 914 SL 864 Tgt 960-1010.

Buy SCI 110 SL 104 Tgt 118-123.

Buy Grasim 2283 SL 2240 Tgt 2350-2421.

Buy Walchand 143 SL 134 Tgt 149-156.

Buy Triveni 70 SL 65 Tgt 75-82.

Buy Strides 123 SL 116 Tgt 135-148.

Buy Hind Oil Exp 112 SL 105 Tgt 120-124.

At Higher Levels Go Short in

Sell Bharti Air 915 SL 950 Tgt 865-822.

14-05-2009

Volatility increased dramatically in the last hour yesterday and today we will continue with that. On the downside Critical Support for Sensex exists at 11621 & Nifty 3534.

Sensex Resistance 12128-12211-12282. Support 11934-11849-11621-11430.

Nifty Resistance 3675-3717-3741. Support 3610-3585-3534-3433.

Sell L&T 976 SL 1003 Tgt 946-919.
Sell SBI 1261 SL 1282 Tgt 1230-1185.
Sell Sail 118 SL 121 Tgt 115-110.
Sell Sterlite Ind 474 SL 492 Tgt 448-419.
Sell ICICI 551 SL 575 Tgt 531-513.
Sell Essar Oil 142 SL 149 Tgt 132-121.
Sell Tata Power 892 SL 915 Tgt 878-861-837.
Sell Tata Steel 264 SL 278 Tgt 252-244.
Sell Maruti 839 SL 857 Tgt 821-807.
At Lower Levels Stocks Like Educomp and IDFC look Good.

13-05-2009

Market was buoyant yesterday despite weak IIP nos. It seems that the market has got some whiff about the positive outcome of the elections.

Sensex Resistance 12282-12472-12514. Support 11936-11794-11621.

Nifty Resistance 3717-3741-3790. Support 3620-3583-3534.

Buy HDiL 179 SL 172 Tgt 185-210.

Buy IBReal 143 SL 134 Tgt 151-157-162.

Buy JsW Steel 417 SL 404 Tgt 427-447.

Buy JP Ass 141 SL 133 Tgt 145-152.

Buy Polaris 84 SL 76 Tgt 88-93.

Buy Suzlon 80 SL 76 Tgt 87-90.

Buy Adlabs 243 SL 231 Tgt 251-268.

Buy Kotak 484 SL 464 Tgt 510-529.

Buy 3i Info 59 SL 57 Tgt 64-72.

Buy NiiT 30 SL 29 Tgt 33-35.

12-05-2009

Profit booking has started and has halted the short term up trend. The Bearish Harami on Nifty was confirmed yesterday by a Black Candle.

Sensex Resistance 11735-11824-12026. Support 11560-11430-11257-11089.

Nifty Resistance 3570-3598-3648. Support 3514-3473-3446-3351.

Sell Bharti 748 SL 767 Tgt 738-713.
Sell L&T 963 SL 996 Tgt 943-922.
Sell Grasim 1730 SL 1789gt 1680-1652-1562.
Sell Rel Cap 546 SL 568 Tgt 527-496.
Sell SBI 1258 SL 1292 Tgt 1230-1205.
Sell DLF 228 SL 241 Tgt 216-204.
Sell McDowell 650 SL 679 Tgt 634-610.
Sell HDFC Bank 1147 SL 1168 Tgt 1110-1063.
Sell HDFC 1711 SL 1753 Tgt 1644-1629.
Sell HDiL 166 SL 171 Tgt 160-146.
Sell Siemens 324 SL 340 Tgt 315-295.
Sell Bhel 1606 SL 1622 Tgt 1566-1534.

At Lower Levels Die Hard Bulls Can Buy

Buy Nucleus 71 SL 67 Tgt 75-78.
Buy Petronet 55 SL 53 Tgt 59-62.
Buy BoB 330 SL 317 Tgt 337-344.
Buy Triveni 64 SL 61Tgt 68-73.
Buy Aurobindo 297 SL 286 Tgt 313-325.
Buy RiiL 769 SL 730 Tgt 814-859.

11-05-2009

Volatility will only increase as the D-day for political drama nears. The market is likely to consolidate with a negative bias.

Sensex Resistance 12015-12141-12272. Support 11765-11654-11430.

Nifty Resistance 3668-3696-3717. Support 3582-3544-3523-3478.

Buy Edelweiss 332 SL 322 Tgt 350-365.
Buy Orchid 109 SL 105 Tgt 114-119.
Buy Ind Info 88 SL 83 Tgt 95-105.
Buy Nag Const 82 SL 77 Tgt 88-95.
Buy Welspun Guj 114 SL 109 Tgt 120-130.
Buy Neyvelli 102 SL 97 Tgt 109-113.
Buy ABG Ship 151 SL 142 Tgt 163-181.
Buy Dish TV 34.75 SL 32 Tgt 38-41.
Buy JP Ass 142 SL 134 Tgt 147-153.
Buy Bajaj Hind 107 SL 102 Tgt 115-120.
Buy Triveni 64 SL 60 Tgt 68-73.
Buy Sintex 156 SL 149 Tgt 167-178.
At Higher Levels Go Short in
Sell McDowell 668 SL 681 Tgt 638-612.
Sell HDFC 1736 SL 1788 tGt 1684-1644.
Sell HPCL 246 SL 253 Tgt 236-230.

07-05-2009

Market witnessed profit booking in the second half yesterday and today also we will be witnessing similar market behaviour. So expect volatility to return in the second half.

Sensex Resistance 12047-12116-12284. Support 11899-11798-11635-11430.

Nifty Resistance 3647-3684-3717. Support 3591-3521-3473.

Buy BEL 992 SL 963 Tgt 1044-1077.
Buy Titan 809 SL 784 Tgt 840-869.
Buy Cairn 201 SL 197 Tgt 207-211.
Buy Triveni 62 SL 60 Tgt 68-73.
Buy Renuka 109 SL 107 Tgt 113-120.
Buy Bajaj Hind 98 SL 95 Tgt 102-108.
Buy LiC Hsg 379 SL 369 Tgt 386-403.
Buy REC 114 SL 109 Tgt 120-126.
Buy Tulip IT 595 SL 564 Tgt 625-665.
At Higher levels, go short in
Sell HDFC 1740 SL 1777 Tgt 1695-1644.
Sell Maruti 808 SL 831 Tgt 784-770.

06-05-2009

Midcap stocks are showing strong momentum. Yesterday was sugar, today will it be Fertiliser or midcap IT ??? Lets see. Buy them in intraday dips.

Sensex Resistance 12183-12284-12472-12514. Support 12064-11985-11839-11776.

Nifty Resistance 3682-3703-3726-3790. Support 3640-3618-3575-3521.

Buy RNRL 61 SL 60 Tgt 64-67.
Buy HCC 64 SL 60 Tgt 68-75.
Buy Bal Chini 77 SL 74 Tgt 82-85.
Buy Bajaj Hind 100 SL 95 Tgt 109-115.
Buy Triveni 65 SL 61 Tgt 71-76.
Buy Suzlon 72 SL 69 Tgt 76-81.
Buy NiiT 32.70 SL 30.60 Tgt 33.45-35.40.
Buy NiiT Tech 76 SL 74 Tgt 81-89.
Buy ICSA 129 SL 124 Tgt 138-145.
Buy ICICI 569 SL 547 Tgt 582-609.
Buy IDBI 68 SL 65 Tgt 72-79.
Buy IFCI 28.70 SL 28 Tgt 30.25-32.20.
Buy Kotak 454 SL 438 Tgt 469-480.
Buy Jet Air 213 SL 205 Tgt 220-231.
Buy Balaji Tele 47 SL 45 Tgt 51-54.
Buy Nag Fert 23.95 SL 23 Tgt 25-28.
Buy JsW Steel 399 SL 387 Tgt 408-420.
Buy Unitech 54 SL 51 Tgt 57-59.
Buy JP Hydro 42 SL 41 Tgt 44-47.
Buy Opto Circuit 122 SL 118 Tgt 128-134.

05-05-2009

Market is expected to continue with its bullish strength today, but one should adopt a stock specific approach. Volatility will be high as we approach the target for this rally.

Sensex Resistance 12284-12472-12536. Support 12028-11723-11410.

Nifty Resistance 3715-3790-3842. Support 3634-3596-3521.

Buy Century Tex 252 SL 241 Tgt 265-277.
Buy Ind Info 82 SL 79 Tgt 88-94.
Buy ICICI 529 SL 513 Tgt 538-564.
Buy Unitech 49 SL 47 Tgt 54-56.
Buy Infosys 1628 SL 1585 Tgt 1660-1690.
Buy Tulip IT 475 SL 459 Tgt 491-508.
Buy Tech Mah 335 SL 315 Tgt 354-367.
Buy Fin Tech 792 SL 727 Tgt 830-860.
Buy Nag Const 74 SL 72 Tgt 79-83.
Buy IDFC 85 SL 83 Tgt 88-91.
Buy Crompton 176 SL 170 Tgt 186-194.
Buy Bajaj Hind 82 SL 80 Tgt 88-95.
Buy Rel Cap 565 SL 549 Tgt 581-596.
Buy Kotak 423 SL 410 Tgt 441-469.
Buy Guj Alkali 82 SL 81 Tgt 85-89.

04-05-2009

A Bear Trap was witnessed last week and now the market is ready to continue move upwards.

Sensex Resistance 11581-11687-11870. Support 11298-11199-10961.

Nifty Resistance 3517-3554-3648-3715. Support 3448-3421-3351.

Buy RiL 1806 SL 1765 Tgt 1840-1900.

Buy Infosys 1509 SL 1472 Tgt 1545-1585.

Buy TCS 623 SL 615 Tgt 635-665.

Buy RPL 111 SL 107 Tgt 116-123.

Buy ReL Infra 695 SL 660 Tgt 712-733-751.

Buy Dish TV 32 SL 31 Tgt 34-36.

Buy ONGC 864 SL 845 Tgt 887-904-922.

Buy Polaris 66 SL 64 Tgt 71-75.

Buy OFSS 883 SL 865 Tgt 905-950.

Buy Jindal Steel 1629 SL 1572 Tgt 1670-1729.

Buy Educomp 2474 SL 2372 Tgt 2570-2675.

Buy SBI 1278 SL 1250 Tgt 1315-1355.

Buy ICICI 479 SL 460 Tgt 492-513.

Buy JP Ass 138 SL 132 Tgt 145-153.

Buy Sterlite Ind 410 SL 401 Tgt 419-431.

Buy ACC 654 SL 643 Tgt 668-690.

Buy BEL 955 SL 938 Tgt 978-998.

Buy BEML 516 SL 492 Tgt 542-565.