Market is likely to open at lower , no chance for a rally.Market already lost the interest in january series, and interest transfered to feb series.Moreover Reliance industries disappointed by its results,but it was not bad as expected.Open interest exists in some of the counters so a big fall in midcaps not expected untill the february.Have nice trading day.
We had recommend these stocks also before the market open.But we missed the technicals of these stocks.
YES BANK
High resistence we could see at 72.55-72.95 range if the stock could breake the mark can make a rally to 76 range.
ORIENTAL BANK OF COMMERCE
Again another bank but its public sector bank.Two resistence to say one is at 147.05 and 154.25
Stock could breake the first mark in any time.
at last PUNJ LLOYD
Resistence at 104.70 and support at 100.20
If the resistence breake stock could touch 110.
Meracator lines have good support at 27.95, and the resistence at 29.20
Stock seems to touch 32 in one week.Bullish in chart and volumes for the last couples of trading day are good.
Buy MLL,OBC,YES BANK, AND PUNJ LLOYD
Not much time for market open, so the technicals of these stocks will published in minutes, please wait.
Good news from china,GDP up,RETAIL SALES up.More over this day seems to be another bounce back day.All the stocks taking steps to run .Banks seems to be the front runners today.As we mentioned yesterday the new generation banks will earn lot today.Watch BHARATI AIRTEL today because the last quarter result will be out.All expects good numbers as the telecom will be least affected in recession.Have a nice trading day.
Weakness likely to continue.Obama s presidentialship could not help the market as fast as.Only negative news around the world.January is the result season, everybody expects bad things to occur.Especially in the banking sector.All the bank stocks including private sector witnessing huge selling pressure for the last 3 session.It likely to continue today also, but stocks like HDFC BANK,YES BANK are at very good psition to hold for the future.Have a nice trading day.
Buy unitech at current value, it is like to continue the rally.Great resistence is at 31.90 and support seen at 26.05.Unitech likely to advance further and touch 36.
Next is a long term pick means atleast 7 days.Its GVK POWER and we could see atleast 8-10% rally.
Several facts to see in next two days.But world markets watching on Obamas speech.All the markets are shivering in today morning.Yesterday wall street was trading at low untill 1.pm and shown a recovery in last 3 hours of trade.The U.K. banking sector slumped on Monday, with shares of Royal Bank of Scotland falling nearly 67%, as a government plan to support the financial sector failed to reassure sector investors.
NIKKEI is trading below 8000 mark,HANGSENG also trading 500 point minus.All the markets are taking precaution before the global events.NIFTY SNGX opened and trading now at 50 points down than of yesterday close.
We have two tips today.
Buy ICICI BANK AND JET AIRWAYS.
TECHNICALS
ICICI bank likely to move 5% today itself,the major resistence point is at 430.70 and support seems at 399-402 area.
JET AIRWAYS
Resistence at 156.90,157.25 and 166.50
so it is one week call.In one week the jet can fly to 170 levels.
Its pain to see ,one day rally and next day slump.Market will trade today on 200 points up in sensex and likely to remain positive throught the day.Yesterday dowjones closed in green after the last hour rally.Bad news are flowing and some times markets does not mind these rumours or news.Intraday traders go ahead, but investors please wait.You will get the stocks at much lesser price.Have nice trading day.
Federal bank likely to slump 5% today.Major support points in this area is 143.15
If this breake could slashed to 137 range.
Its fluctuating, fluctuating seems not to steady in near future.Yesterday we seen a good rally ,that can not possible today.Last night U S market closed with 248 points down, on the worries retail sales numbers.The numbers plunge to 2.7% in december which month seems to be the best for shopping.Things likely to be more difficult in future and can test the october low of sensex in january itself.Citi shares drop 23% yesterday.The fall came following reports that Citi will soon unveil a plan to unload several businesses and reduce its size by one-third. The moves will effectively dismantle the old, super-sized Citi model pioneered in part by former chief Sandy Weill.Investors please wait untill the crash, traders please benefit the situation by shorting the shares.Have a nice trading day.
We today also likely to recommend another TATA group company-TCS.
TCS likely to advance today to 539 and seems good to buy for log period also.As the market condition is so bad please choose long period.
Falling,falling this seems not to end.Some nervouseness still in the market, but we feel its highly time to recall the market.All our tips in last weeks are not performed as our history yet.Yesterday our call was TATA STEEL , performed 5% during the day but cant sustain.We feels our remaining tips also going to perform from the day,be happy.Asia is trading in narrow band in opening.NIKKIE is trading with35 point up.Sydney stocks also single points higher in morning.We feel some relief in mumbai also.Have a nice trading day.
Buy TATA STEEL .Support seen at 199.50 and resistence at 210.70 and next resistence at 221.Now the share trading at 200.15
We expect the rally in 7 days.It could breake the 221.
Nikkie is trading 400 point below to the last closing on account of US slump.Nikkie was shut for the monday.India is also go to the way of global panic of unemployement,slowdown.But we could affect today as much as in other markets because we expects a recovery from the much below levels.Soft ware companies likely to continue the selling pressure but other sectors like oil,banks could back to the mainstream.Have a nice trading day.
We advise our readers to buy EDUCOMP SOLUTIONS and R.COM today.
10% rally in the next 7 days expects.And also close watch our last weeks tips.Our tips didnt gone minus even in the bad conditions.
Job losers number high ,and expect to more.This is very tight situation and could spread to all the world, that means could breach the boundry of india also.Only hope is on our financial controllers, but the issues like satyam also could happen even in the tight watchers presence. Market like to open lower and remain flat, and we are going to see some pull back in nifty and realty stocks today.Have a nice trading day.
Our last 2 days tips are not picked yet because of the unexpected events, but we feel it will achieve in the targeted time that is normally 7 days.
Today we feel BONGAI REFINERIES could breake the resistence of 42.15 and could rally to 43 levels, that means 5% rally sure in next 7 days.
POWER GRID corporation likely to move to 80 levels if it breaks 79 resistence, again call is for 7 days because of uncertinity is so high.
Today we feel BONGAI REFINERIES could breake the resistence of 42.15 and could rally to 43 levels, that means 5% rally sure in next 7 days.
POWER GRID corporation likely to move to 80 levels if it breaks 79 resistence, again call is for 7 days because of uncertinity is so high.
Satyam saga and dowjones down are the stars of today.For the last three days US market is trading at low points.Indian Markets also seems to be down today in opening but likely to see some rallies after the post lunch session.Yesterday infrastructure stocks like HDIL,UNITECH,L&T,NAGARJUNA CONS,JP ASSOCIATES,IVRCL crashed to 25% and more on the satyam news.But IT major like WIPRO AND INFOSYS shares not affected much the pressure of satyam.We see market remain in the selling mood .Have a nice trading day.
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