NIFTY likely to touch 5600

Last few weeks market was too volatile with a negative biased.On Tuesday,NIFTY(CMP - 5522.3) rallied 2.61% on hopes,as budget has given some hopes to control inflation based on domestic environment.But but but....... if crude oil prices go up then the government will have tough time managing inflation.Also global scenario is not good at all esp. Middle East,which is a concern for all global markets.So,I would not recommend anyone to invest.One can trade with a strict stop-loss.For tomorrow,NIFTYs target of 5600 with a stop-loss of  5487.
1)  LIC HOUSING FIN. (CMP - 197.5) - Buy for a target of 202 with a STL of  194.
2)  HNDALCO (CMP - 212.45) - Buy for a target of 220 with a STL of 208.
3)  BGR ENERGY (CMP - 428.05) - Sell for a target of 413 with a STL of 440.

Enjoy Trading
(www.derivativestrategy.blogspot.com)

Internal Fundamentals a Worry

Market is having a concern,whether the budget session will take place in a smooth fashion.Corruption and JPC probe is putting pressure on the ruling government to take some stringent action.There is still uncertainty about the budget session.I would recommend to stay away for some time,till the dust settles.For traders every rise should be used to go short on the market.Today NIFTY closed at 5312,near its intra-day low.For tomorrow one may...
1.) BHARTI AIRTEL (CMP-333.33) - Buy for a target of  340 with a STL of 330.
2.) HINDZINC (CMP-1226.65) - Buy for a target of 1246 with a STL of 1214.
    NOTE : For an Investor HINDZINC can be a good bet.So one may think of accumulating HINZINC say for          an horizon of 12 to 18 months.

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Market in weak hands

Last week,NIFTY(CMP-5395.75) closed near its 5 month low.Bad sentiments and global recovery is diverting FII's interest from the Indian market.But remember,India story is based on strong fundamentals,so one should buy in this market slowly and steadily.The overall trend for near term  in the market is down.On NIFTY keep a STL of 5457 and go short,say for a target of 5314.
1.)TATA MOTORS (CMP-1150.85) - Short for a target of 1128 with a STL of  1164.
2.)L&T (CMP-1570.05) - Short for a target of 1556 with a STL of 1584.
3.)SHREE RENUKA SUGAR (CMP-89) - Short for a target of 86.6 with a STL of 91.


(www.derivativestrategy.blogspot.com)

Bears in Full Control

Yesterday,NIFTY(CMP-5505.9) opened at lower level of 5452.55 and further made a low of 5416.65.Lot of events happening around,which are dampening investor's confidence and in turn the sentiments of Equity market.So any rise upto 5550 should be utilized to go short.For tommorow,NIFTY may go upto a level of 5563 on higher-side and 5452 on lower-side,it may even test 5416.65.
1.)SIEMENS (CMP-853.95) - Buy for a target of 884 with STL of 830.
2.)CROMPTON GREAVES (CMP-278.55) - Buy for a target of 286 with a STL of 270.
3.)BHARAT BIJLEE (CMP-999.3) - Sell for a target of 979 with a STL of 1009.


(www.derivativestrategy.blogspot.com)

Market may continue downtrend now

Market last week remained choppy.On Tuesday NIFTY(CMP-5604.3) tried to cross 5800 but it failed.Yesterday instead of good positive cues from global markets our market corrected which clearly indicates a strong downtrend.I feel market may remain in downtrend till inflation and corruption is controlled.Which I feel may take some while say till April.Also an important event coming up,which in turn should give the government to clear it debts.For tommorow,NIFTY may come down to 5528 with a STL of 5654.
1.)TATA STEEL (CMP-650.1) - Sell for a target 629 with a STL of 660.
2.)HDFC BANK (CMP-2050.1) - Sell for a target of 2020 with a STL of 2075.
3.)SUPREME INFRA (CMP-212.75) - Sell for a target of 205 with a STL of 218.

(www.derivativestrategy.blogspot.com)

Monetary Policy Ahead

Tomorrow,NIFTY(CMP-5742.35) may remain choppy till the policy.I won't suggest you to trade till 12 noon,try to stay away.If RBI takes aggressive step to curb inflation then market may correct significantly.This may have an adverse effect on banks and real-estate sector.
                   On the other side NIFTY may touch 5800-5820 on higher side.SBI may lead the rally on higher side.So trade with caution.


(www.derivativestrategy.blogspot.com)

NIFTY may give direction now

Last week NIFTY(5695.95) was range bound between 5656 to 5744.As per my view market should break down in coming week.So don't get into the market as it may leave you in worry.Every rise should be used to get out,as there is no point even to think of investment for time being.As I feel NIFT may come down to 5350 to 5300.But still anybody wants,I can suggest...
1.)TCS (CMP-1211.65) - Sell for a target of 1196 with a STL of 1220.
2.)DLF (CMP-251.55) - Sell for a target of 244 with a STL of 254.
3.)STERLITE IND (CMP-177.4) - Buy for a target of 182-184 with a STL of 174.

(www.derivativestrategy.blogspot.com)

NIFTY(CMP-5724) was choppy but was able to close above 5700.IT Index helped NIFTY to lock in gains.For tomorrow NIFTY should make an attempt to touch 5800.
1.)OPTO CIRCUIT (CMP-249.6) - Buy for a target of 259 with a STL of  240.
2.)RANBAXY (CMP- 582.15) - Buy for a target of 588-594 with a STL of 578.
3.)SUN PHARMA (CMP-484.35) - Buy for a target of 493 with a STL of 475.


(www.derivativestrategy.blogspot.com)

NIFTY 5696 - 5567

Tomorrow,NIFTY(CMP-5654) should breach 5600 on downside for a target of 5567.On higher side you should keep a STL of 5696.
1.)TCS (CMP-1137.4) - Buy for a target of 1152 with a STL of 1120.
2.)Bharat Electroics (CMP-1693.1) - Buy for a target of 1725 with a STL of 1671.
3.)IDFC (CMP-155.15) - Buy for a target of 161 with a STL of 151.
4.)WIPRO (CMP-466.75) - Buy for a target of 480 with a STL of 456.

Keep Trading
(www.derivativestrategy.blogspot.com)

Market in A Strong Downtrend

On Friday,market confirmed a strong downtrend.NIFTY(5654.55) should be shorted on every rise.Negative sentiment is hovering around the market which may take NIFTY to 5567 and 5528 on Monday and on Higher side Nifty should cross 5744,which I don't NIFTY will.
1.)M&M (CMP-739.55) - Sell for a target of 722 with a STL of 753.
2.)HDFC BK (CMP-2049.55) - Sell for a target of 1935 with a STL of 2099.
3.)BHARTI AIRTEL (CMP-343.75) - Sell for a target of 335 with a STL of 349.


(www.derivativestrategy.blogspot.com)

NIFTY to correct further

NIFTY was not able to cross 5860 on higher side.Today,keep a STL of 5801 on NIFTY(CMP-5751.5) and short the market for a first target of 5690 and 5639.
1.)TCS (CMP-1125.5) - Sell for a target of 1098 witha STL of 1137.
2.)CAIRN (CMP-343.6) - Sell for a target of 337.5 with a STL of 346.7.

Enjoy !!!
www.derivativestrategy.blogspot.com

Market may take a downturn tomorrow

Yesterday,market bounced,which was a surprise as IIP numbers were bad.Also rising oil prices is adding to inflation worry.So I feel NIFTY(CMP-5863.7) should come down.Don't hurry and buy.For traders,market may go upto a level of 5907-5937 on highr-side tomorrow and downside 5792-5770.
1.)HINDALCO (CMP-237.25) - Buy for a target of 250 with a STL of 228.
2.)STERLITE IND (CMP-183.05) - Buy for a target of 188 with a STL of 179.6.


Enjoy
(www.derivativestrategy.blogspot.com)

Market May Remain Volatile

Hello friends,yesterday market gave a downside spurt after which it recovered from its low.Tomorrow market may be volatile as IIP numbers will be out.IIP numbers may support NIFTY (CMP-5754.1) to remain in green.
1.)HINDALCO (CMP-230.6) - Buy for a target of  236 with a STL of 226.3.
2.)SBI (CMP-2612.85) - Buy for a target of 2668 with a STL of 2580.


(www.derivativestrategy.blogspot.com)

BEARS in Total Control

Hello friends,stay away from the market,some unusual things are happening.NIFTY(CMP-5757.70) is outperforming the global markets on downside[:-)].What I can suggest is short ideas..
L&T (CMP-1781.7) - Sell for a target of 1730-1720 with a STL 1800.
HDFC (CMP-654) - Sell for a target of 640 with a STL of 665.
HINDALCO (CMP-221.65) - Sell for a target of 210 with a STL of 226.

For medium term investors,look out for levels of 5690 on NIFTY.It should hold or you may see a further correction upto 5639.

Market in A Down Trend

On Friday NIFTY(CMP-5904.6) came down in a big way.Now NIFTY is in downtrend.On Upside you may get a level of 5960.You should use this rally to get out.NIFTYs next support is at 5892.If it breaks the next support is much below.Also you should keep an eye on INFOSYS result which may give some hopes for NIFTY to sustain on higher side.
1.)CADILA (CMP-771.2) - Buy for a target of 780 with a STL of 764.
2.)INFOSYS (CMP-3371.1) - Buy for a target of 3403 with a STL of 3356.
3.)RANBAXY (CMP-590) - Buy for a target of 600 with a STL of 585.

Guys,don't get panic if market drifts to 5850 or say 5780.As per me its just a technical correction,so utilize this fall to buy good scripts\stocks.For this,I would like to recommend..
STERLITE IND (CMP-176.15) - Buy for a target of  200-220.
No stoploss for STERLITE IND. as it's story looks more promising.

(http://derivativestrategy.blogspot.com)

NIFTY near an important Support Level

Hello friends,yesterday NIFTY grinded down in a steady fashion on rising inflation concern.This can surely have a bad impact on India growth story,but it cannot be so worst that it can lead our market to correct to that extent.Now,for our market to continue the uptrend which it started from 13th December 2010,NIFTY should not break 6129 on closing basis,which is the first sign of reversal.Tomorrow monitor NIFTY(CMP - 6048.25) movement before getting into any trade.Tomorrow you can look at...
1.)SUN PHARMA (CMP-500) - Buy for a target of 510 with a STL of 494.
2.)RANAXY (CMP-604.65) - Buy for a target of 610 with a STL of 600.
3.)HINDZINC (CMP-1361.25) - Buy for a target of 1380 with a STL of 1350.
4.)ADHUNIK METALLICS (CMP-107.55) - Buy for a target of 110 with a STL of 105.

NIFTY 6100 to 6181

Yesterday, NIFTY(CMP-6146.35) was not able to cross 6181 on higher side.Banks had taken beating which faulted NIFTYs run toward 6200.Banks may remain under pressure.
1.)ALPHA GEO (CMP-174.9) - Buy for a target of 180-185 with a STL of 166.
2.)RIL (CMP-1077.1) - Buy for a target of 1092 -1100 with a STL of 1060.
3.)UTV SOFTWARE (CMP-591.5) - Buy for a target of 604 with a STL of 578.
4.)AREVA (CMP-343.55) - Buy for a target of 350-355 with a STL of 336.
5.)SHIV-VANI OIL (CMP-397.6) - Buy for a target of 408 with a STL of 392.

ENJOY Trading
(http://www.derivativestrategy.blogspot.com)

NIFTY may be range bound between 6120 to 6200

Yesterday, on NIFTY(CMP- 6157.6) 6178.55 acted as strong resistance,so tomorrow it should cross this level and should make an attempt to cross 6200.Now on downside 6147 and 6120 should act as support.For this I would like to recommend......
1.) TATA STEEL (CMP-704.05) - Buy for a target of  727 with a STL of  685.
2.) SAIL (CMP-187.95) - Buy for a target of 192-195 with a STL of 185.70.
3.) SIEMENS (CMP- 829.75) - Buy for target of 841 and 850 with a STL of 820.
4.) J B CHEMICALS & PHARMACEUTICALS (CMP-145.3) - Buy for a target of  150 with a STL of 143.7 .
5.) APTECH (CMP- 138.2) - Buy for a target of 145 with a 135.9 .

ENJOY Trading
http://www.derivatestrategy.blogspot.com

Market may remain Choppy

Last week NIFTY closed at 6134.5.On Monday market may remain choppy with positive biased.NIFTY(CMP- 6134.5) may face resistance at 6154 and 6163 on higher side.On downside it should take support at 6120 or it may further drift down to 6100.
For this movement I would like to recommend...
1.)CROMPTON GREAVES(CMP- 310.15)- Buy for a target of 317.8 with a STL of 307.
2.)SBI(CMP- 2809)- Buy for a target of 2827.5 and 2860 with a STL of 2781.
3.)IFCI(CMP- 67.4)- Buy for a target of 70-72 with a STL of 65.3.
4.)BEML(CMP- 1035.8)- Buy for a target of 1052-1060 with a STL of 1017.

Now,an investment idea
BGR ENERGY(CMP- 725.55)- Buy for a target of 858 with a STL of 673.

Enjoy Trading
(http://www.derivativestrategy.blogspot.com)