Stock Tips and Nifty Tips 11/05/2015

NIFTY OUTLOOK FOR 11/05/2015

BEARS TESTED THE LOW OF 7997 IN THE
LAST WEEK, AND BULLS MANAGE TO CLOSE AT 8191,
WEEKLY HIGH@8355 LOW@7997 AND THE PIVOT
PLACED AT 8177,

GLOBAL TRENDS TURNING IN TO GREEN,
BULLS HAVE SOME JOBS IN THIS WEEK AHEAD,

NIFTY FORMING DOUBLE BOTTOM PATTERN IN HOURLY
CHART, BREAKING ABOVE 8355 WILL LEAD
NIFTY TO THE TARGET OF 8716,

CAUTION NEEDED IN LONGS AS THE WORST IS NOT
OVER COMPLETELY,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8177,
ABOVE 8222 BULLS CAN TARGET 8355 AND 8444,
BELOW 8133 BEARS CAN TARGET 8000 AND 7911,

Buy Adani Enterprises with a target of Rs 715: Ashwani Gujral

'Adani Enterprises Ltd is a 'BUY' call with a target of Rs 715 and a stop loss of Rs 670'

Buy Cipla with a target of Rs 675: Ashwani Gujral

'Cipla Ltd is a 'BUY' call with a target of Rs 675 and a stop loss of Rs 650'

Buy Dish TV with a target of Rs 87: Ashwani Gujral

'Dish TV Ltd is a 'BT/ST' call with a target of Rs 87 and a stop loss of Rs 73'

Sell Godrej Industries with a target of Rs 341: Prakash Gaba

'Godrej Industries Ltd is a 'SELL' call with a target of Rs 341 and a stop loss of Rs 359'

Buy Bharti Airtel with a target of Rs 407: Prakash Gaba

'Bharti Airtel Ltd is a 'BUY' call with a target of Rs 407 and a stop loss of Rs 394'

Stock Tips and Nifty Tips 08/05/2015

NIFTY OUTLOOK FOR 08/05/2015

BULLS DEFEND 8000MARK ON CLOSING BASIS,
NIFTY CLOSES AT 8057,
NOW THE 200DMA PLACED @8279, AND
THE PIVOT SLIP DOWN TO 8133,

BELOW 8133 BEARS ARE DRIVING NIFTY,
8000 IS NEXT IMPORTANT SUPPORT,

BULLS HAVE TO SEE A CLOSE ABOVE 8177 FOR
ANOTHER UP MOVE, TOWARDS 8466 AND 8555,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8133,
ABOVE 8177 BULLS CAN TARGET 8311 AND 8400,
BELOW 8088 BEARS CAN TARGET 8044 AND 7955,

Sell Tata Motors DVR with a target of Rs 278: Sandeep Wagle

'Tata Motors DVR Ltd is a 'SELL' call with a target of Rs 278 and a stop loss of Rs 303'

Sell REC with a target of Rs 261: Sandeep Wagle

'REC Ltd is a 'SELL' call with a target of Rs 261 and a stop loss of Rs 300'

Sell Voltas with a target of Rs 245: Sandeep Wagle

'Voltas Ltd is a 'SELL' call with a target of Rs 245 and a stop loss of Rs 272'

Sell UCO Bank with a target of Rs 54: Sandeep Wagle

'UCO Bank Ltd is a 'SELL' call with a target of Rs 54 and a stop loss of Rs 61'

Sensex Crashes 700 Points:Reason for sharp fall

The BSE Sensex plunged over 700 points and Nifty declined over 200 points.Let me put the reason from both Technical and Fundamental Perceptive

1. Fundamental

Liquidity Squeeze by FII’s : FII money is Hot money which chase return irrespective of market. The Hottest Stock market on earth right now is Chinese Stock Market which is running like there is no tomorrow. China’s securities regulator approved 30 new initial public offers (IPOs). FII withdrawing funds for investing in IPO in China. $175 billion of IPOs are lined up this week.

Spike in Crude Prices: Oil hits 2015 highs jump 50% from 2014 Lows We are net importer of Crude Oil and Jump in crude oil

2. Technical Reason

Trading below 200 DMA: Nifty/ Sensex after 15 months are trading well below its 200 DMA, putting pressure on market, as many FII’s have 200 DMA benchmark for buying or selling.

The fast fall we saw in opening was triggered by algorithemic plotforms , as per dealers Aberdeen Global has sold 13 lakhs Nifty futures based on their program which leads to 159 points fall in matter of 20 sec.

Stock Tips and Nifty Tips 07/05/2015

NIFTY OUTLOOK FOR 07/05/2015

NEWS FLOWS HITS THE MARKET,
NIFTY SLIP BELOW 8100 AND CLOSES AT 8097,
NOW THE 200DMA PLACED @8277 AND
THE PIVOT SLIP DOWN TO 8177,

BELOW 8133 BEARS ARE DRIVING NIFTY,
8088 AND 8000 ARE THE NEXT IMPORTANT SUPPORTS,

BULLS HAVE TO SEE A CLOSE ABOVE 8222 FOR
ANOTHER UP MOVE, TOWARDS 8466 AND 8555,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8177,
ABOVE 8222 BULLS CAN TARGET 8355 AND 8444,
BELOW 8244 BEARS CAN TARGET 8044 AND 7955,

Sell Bharat Forge with a target of Rs 1,365: Ashwani Gujral

'Bharat Forge Ltd is a 'SELL' call with a target of Rs 1,365 and a stop loss of Rs 1,300'

Sell IOC with a target of Rs 325: Ashwani Gujral

'IOC Ltd is a 'SELL' call with a target of Rs 325 and a stop loss of Rs 350'

Sell REC with a target of Rs 289: Sandeep Wagle

'REC Ltd is a 'SELL' call with a target of Rs 289 and a stop loss of Rs 315'

Sell Hindustan Petroleum with a target of Rs 585: Sandeep Wagle

'Hindustan Petroleum Ltd is a 'SELL' call with a target of Rs 585 and a stop loss of Rs 618'

Sell Larsen & Toubro with a target of Rs 1,530: Sandeep Wagle

'Larsen & Toubro Ltd is a 'SELL' call with a target of Rs 1,530 and a stop loss of Rs 1,638'

Stock Tips and Nifty Tips 06/05/2015

NIFTY OUTLOOK FOR 06/05/2015

LOT OF CONSOLIDATION GOING ON,
NIFTY TRADED BETWEEN 8288-8355
AND CLOSES FLAT AT 8324,
NOW THE 200DMA PLACED @8275 AND
THE PIVOT PLACED AT 8288,

SO ABOVE 8333 BULLS CAN MOVE TOWARDS 8555 AND 8644,
BEARS HAVE SOME JOB ONLY BELOW 8244,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8288,
ABOVE 8333 BULLS CAN TARGET 8400 AND 8488,
BELOW 8244 BEARS CAN TARGET 8044 AND 7955,

Buy Adani Enterprises with a target of Rs 740: Prakash Gaba

'Adani Enterprises Ltd is a 'BUY' call with a target of Rs 740 and a stop loss of Rs 701'

Buy BEL with a target of Rs 3,600: Prakash Gaba

'BEL Ltd is a 'BUY' call with a target of Rs 3,600 and a stop loss of Rs 3,200'

Buy Aditya Birla Nuvo with a target of Rs 1,850: Prakash Gaba

'Aditya Birla Nuvo Ltd is a 'BUY' call with a target of Rs 1,850 and a stop loss of Rs 1,755'

Buy SPARC with a target of Rs 460: Ashwani Gujral

'SPARC Ltd is a 'BUY' call with a target of Rs 460 and a stop loss of Rs 425'

Buy Axis Bank with a target of Rs 600: Ashwani Gujral

5 May 2015, 11:14 AM IST

'Axis Bank Ltd is a 'BUY' call with a target of Rs 600 and a stop loss of Rs 560'

Buy Tata Steel Ltd with a target of Rs 395: Mitesh Thacker

'Tata Steel Ltd is a 'BUY' call with a target of Rs 395 and a stop loss of Rs 371'

Buy Kotak Bank with a target of Rs 1,445: Mitesh Thacker

'Kotak Bank Ltd is a 'BUY' call with a target of Rs 1,445 and a stop loss of Rs 1,390'

Trading strategy for 6th May 2015

The market after weak opening yesterday moved higher in late morning trades but failed to sustain at higher levels and slipped to day’s low in late afternoon on profit taking. However, Hindustan Lever, Tata Steel, Hindalco, ONGC, Kotak Bank gained while M&M, HDFC, SBI among others lost. The Sensex closed at 27440 down by 50 points while the Nifty ended at 8324 down marginally by 7 points. The market breadth remained flat as 1353 shares advanced while 1345 declined. Readers are advised to trade with caution keeping stock specific approach.

NIFTY FUTURE (Last close 8361.70)
The counter after weak opening yesterday moved higher in late morning trades to 8397 which however, remained short lived and slipped to session low of 8309 on profit taking in afternoon trades. The counter recovered in closing hours and finally ended with marginal loss of 10 points. The counter to gain strength needs to trade and remain above 8373.75 whereby it may move up to 8391/8413. Strong support for the counter exists at 8334.25 which if breached decisively with volumes then it may slide to 8313/8290.

BANK NIFTY FUTURE (Last close 18557.90)
The counter after flat opening yesterday moved to day’s high of 18655 in morning trades which remained short lived and slipped to session low of 18471 on profit taking in noon trades. The counter finally closed with marginal loss of 41 points after moving in a choppy fashion. The counter to gain strength needs to trade and remain above 18593.75 whereby it may move up to 18641/18694. Strong support for the counter exists at 18522.25 which if breached decisively with volumes then it may slide to 18481/18427.

IDEA FUTURE (Last close 180.00)
The stock after consolidating during the previous sessions closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on daily charts and may move up to 182/184 on volume trading. Strong support for the stock exists at 178.25.

L & T FINANCE FUTURE (Last close 64.70)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 65.50/67 on volume trading. Strong support for the stock exists at 63.25.

Stock Tips and Nifty Tips 04/05/2015

NIFTY OUTLOOK FOR 04/05/2015

THE LOW OF THE WEEK 26/08/2013 WAS 5118,
THE LOW OF THE WEEK 03/02/2014 WAS 5993,
ABOVE TWO LOWS FORMING A TREND LINE IN THE
NIFTY WEEKLY CHART,
ABOVE TREND LINE TESTED IN
THE LAST WEEK BY THE LOW OF 8144,

NIFTY MAY BOUNCE FROM THIS LINE TO 8600 IN
COMING WEEKS, BUT ANY CLOSE BELOW 8177 WILL
LEAD TO DEEP CORRECTION,

THE WEEKLY PIVOT IS AT 8222 AND
THE 200DMA IS AT 8269,
SO ANY CLOSE ABOVE 8266 WILL BRING
MORE GREEN AND MORE UPSIDE,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8222,
ABOVE 8266 BULLS CAN TARGET 8400 AND 8488,
BELOW 8177 BEARS CAN TARGET 8044 AND 7955,

Sell Exide with a target of Rs 165: Ashwani Gujral

Exide is a 'SELL' call with a target of Rs 165 and a stop loss of Rs 177.

Buy Asian Paints with a target of Rs 795: Ashwani Gujral

'Asian Paints is a 'BUY' call with a target of Rs 795 and a stop loss of Rs 760'

Buy Maruti with a target of Rs 3,900: Ashwani Gujral

'Maruti is a 'BUY' call with a target of Rs 3,900 and a stop loss of Rs 3,770'

Buy BPCL with a target of Rs 795: Ashwani Gujral

'BPCL is a 'BUY' call with a target of Rs 795 and a stop loss of Rs 760'

Sell HUL with a target of Rs 815: Mitesh Thacker

'HUL Ltd is a 'SELL' call with a target of Rs 815 and a stop loss of Rs 857'

Sell HDFC Bank with a target of Rs 950: Mitesh Thacker

'HDFC Bank Ltd is a 'SELL' call with a target of Rs 950 and a stop loss of Rs 1,006 '