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)

WELCOME 2011

Hello,wish YOU A HAPPY And PROSPEROUS HAPPY NEW YEAR.For 2011,Indian Stock Market is poised to make new high.For this will share few intra-day as well as investment ideas which will definitely help you to make money.Hope You make most of it. See You Soon!!!

I have started a new blog for people who are interested in derivatives.(www.derivativestrategy.blogspot.com)

Time to Buy

Last week NIFTY(CMP-5449.1) closed on a positive note.So now as per me you should buy on every dip.As per me there can be some correction say upto a level of 5316 on NIFTY.On Tuesday(i.e 27th July) RBI is going to announce monetary policy which can have some negative impact on our market.Don't worry about the dip just go on buying good scripts.I would like to recommend...
1.)Bank Of India(CMP-402.95)- Try to buy near 384-375 level for a target of 454.
2.)Idea(CMP-68.65)- Buy for a target of 75 with a STL of 64.

CNX Bank Index(CMP-10093.9)-Buy for a target of 10664.35 with a STL of 9932.

**Try to buy on dip.Don't buy at current level of NIFTY.

Way Ahead

Today if NIFTY(CMP-5387)is able to close above 5375 then further you should utilise every dip to buy good stocks.As I am seeing much higher levels on NIFTY.Keep Trading.
HAVE A NICE TRADING DAY.

Consolidation Phase

Last time,I said market on a verge of a break-out.It did give a break-out,but NIFTY(CMP-5269.05)was not able to cross 5353.3,as there are some global concerns as well as RBI is expected to hike rates on 27th July.So what I feel market should consolidate say between 5200-5250 to say 5350.But one should not leave this apportunity to BUY good STOCKS.As I am expecting much HIGHER LEVELS on NIFTY.I would recommend...
1.)CAIRN(CMP-310.95)-Buy for a tgt of 328 with a STL of 301.
2.)ADHUNIK METALLIKS(CMP-108.40)-Buy for a tgt of 117.6 with a STL of 102.5.
Now for Traders,I would like to recommend..
CNXMID(CMP-8061.7)-Buy for target of 8533.55 with a STL of 7902.

Market On The Verge Of A BREAK-OUT

Past few weeks NIFTY(CMP-5119.35)was too volatile.It was driven mainly by global markets(esp.American markets).This week I feel NIFTY should close above 5136 for a target of 5365 with STL of 5018.For this I would like to recommend...
1.)L&T (CMP-1677.3)- Buy for a target of 1800 with a STL 1593.
This time I would like to recommend you BANKEX(CNXBK.NES) for people who trade in Derivatives.
CNXBK.NES(CMP-9451.75)-Should close above 9456 for a target of 9726 with a STL of 9345.


(***Dealing in derivatives is risky if you don't have any knowledge)

Market in A Down Trend

Today NIFTY(CMP-4987.2)opened with a Gap down.So as per me NIFTY should take support at 4941 as NIFTY has violated 5000 level.So on upper-side NIFTY has resistance at 5020.If NIFTY is not able to sustain this level than one can think of shorting NIFTY for say a target of 4882.
1.)Sterlite (CMP-692.45)- Short with a target of 671 with a STL 698.

Crucial Closing

Don't get carried away by yesterdays uptrend.As per me it was a technical bounce back as NIFTY(CMP-5193.6) fell for consecutive 4 days.For an uptrend to start NIFTY should close above 5197.So I won't recommend you to BUY now.Wait for some clarity over GREECE issue.As it can have a bad impact on Indian market.

Time to BUY

This week NIFTY(CMP-5262.8)should close above for 5282 for an uptrend.If NIFTY closes above this level then on every dip you should buy good stocks which I will be recommending in this edition(hehhheee....)of my blog.This time I wont tell you the targets rather I tell you the stocks with highest priority first.
RIL(CMP-1089.8),TATA MOTORS(CMP-783.7),ICICI BANK(CMP-956.55)TATA STEEL(CMP-643.65).

Dicy Road

Finally our Finance minister (Mr Pranab Mukherji) declared the BUDGET,which as per many experts was neutral.On one side FM increased tax slab but on other hand increased few taxes.So in all it was a mixed BUDGET.This week our market can remain choppy on positive side.On Friday NIFTY (CMP-4922.3)was not able to sustain 4950 level.So what I suggest is BUY with strict STL.On NIFTY I have a target of 5109 with STL OF 4830.For this I recommend..
1.)BHUSHAN STEEL (CMP-1601.25) - Tgt 1732 with Stl of 1490.
2.)HONEYWELL(CMP-2399.2) - You can buy it for say 5 to 7% return.

Bears On a Run

From last few days our market has entered in a correction phase,which I feel should continue for few more days.There will be UPs and DOWNs but be careful and don't get carried away by the upward movement.You can expect strong correction in NIFTY (CMP-4882.05) which can take NIFTY upto say 4688 or even upto a level of 4611.So wait for some strong downside.For short term NIFTY should close above 5038 for upward movement.I wont recommend you to buy since it can be risky.So wait and watch......

A New Beginning

Hello friends,Wish You All A Happy and Prosperous New Year.I was not able to post any blog for almost one and half month,as I was busy with some important assignment.But now I am back to share my ideas.So on NIFTY (CMP-5244.75) I am having a target of 5343 with a STL of 4953.For this I would recommend
1.)SHREE RENUKA SUGARS (CMP-241.3) - Buy this script for a target of 267 with STL of 230.
2.)MADRAS CEMENT (CMP-119.1) - Buy this script for a target of 129 with STL of 112.
3.)MERCATOR LINES (CMP-66.1) - Buy this script for a target of 70 with STL of 62.
4.)THERMAX (CMP-617.75) - Buy this script for a target of 665 with STL of 595.