Market Outlook 30.11.11

Market closed with a negative note on a volatile day of trade. This was mainly due to profit booking on higher levels. Nifty was at 4805.10 (-46.20) and Sensex was at 16008.34 (-158.79) on closing of the day. CNX Mid cap index was 0.4% down and BSE small cap Index was down 0.2%.

Significant thing is that both the Indexes are just above their psychological as well as technical support levels. Nifty managed to hold on to the 4800 mark despite losing 46 points. The Sensex lost 160 points, but clinch to held 16000 mark. Buying at low level is expected for the days ahead. Experts feels that another upside of 100-200 points will be there for Nifty and it may test 4950 by a couple of weeks ahead. Some others expects there will be 5-7% of correction in the market from present level due to weak global and domestic factors.

Nifty watch for 30.11.11

Major support for Nifty Fut is 4758.50 Below this level Nifty may go down up to 4736.85/4715
Other immediate support for Nifty is 4803/4794.25/4785.33.

Major Resistance level for Nifty is 4865.35 Above this level Nifty may try to hit 4887.17/4909
Other immediate resistance for Nifty is 4820.89/4829.75/4838.65

Nifty Trading Tips for 30.11.11

Buy Nifty Dec 2011 Fut at 4785 SL 4758 TGT 4818.65/4827.15/4836.75

Sell Nifty Dec 2011 Fut at 4757.50 SL 4786 TGT 4738/4716

Share/Future/Options Trading Tips for 30.11.11

Buy Hindunilvr Dec 2011 420 CE at 2 SL 1 TGT 3.20/4/5.50

Visit: http://niftywatch.0adz.com

Market Outlook 29.11.11

It was a good & firm start for a trading week. Nifty closed at 4851.30 (+141.25) and Sensex at 16167.13 (+471.70). Short covering in almost all the sectors and strong global cues led to this relief rally through out the day. The appreciation in Value of Indian Rupee by 0.63% to 51.92 against a dollar also another of the factor that helped the market to perform yesterday. CNX Midcap index was up 1.7% and BSE Small Cap index was up 1.8%.

We can expect a rally of 50-100 points today. As the fundamental issues are still the same there, but one should be careful on higher levels while trading.

Nifty Watch for 29.11.11

Strong Support for Nifty Future is 4804.90. Below this level Nifty may go down up to 4776/4748.70

Other Nifty supports are 4862.07/4839.18

Near firm Resistance for Nifty future is 4907.82. If it break with huge volume Nifty may hit 4942.24/4970.22/4998.30 today.

Nifty Fut Trading Tips for 29.11.11

Buy Nifty Dec 2011 Fut at 4839.50 SL 4803 TGT 4860/4881/4893/4905

Sell Nifty Dec 2011 Fut at 4802.65 SL 4840 TGT 4778/4750

Market Outlook 27.11.11

After a day of gains again Indian Market slip into red. Sensex closed at a new 2 year low of 15695.43(-163.06) and Nifty at 4710.05 (-46.40). Weak global cues lead to a gap down opening on last Friday morning and traded with negative bias whole day due to the sell off in the key stocks like RIL, Maruthi etc.

The Whole week was choppy and negative. Both index were closed around 4% loss during the week. BSE Small cap lost 2% and Bank Nifty 4.5%. All most all the sectoral indexes were in loss.

Fall of Indian Rupee against US Dollar is the main concern of the Market in coming week also. The high inflation in India and euro zone crises attributed to this fall. As our Finance Minister said we are a victim of Euro zone crises. Another reason of Indian Market fall is the frequent rate hike by the RBI to tackle inflation.

Actually the sell off in German Government bonds, a warning on France's triple-A rating and on the whole delay in solving the Euro zone issues placed the global as well as Indian markets in a danger zone.

Some Market experts expecting that inflation may eased out in coming months. This may lead to some improvement in the equity market.

Nifty watch 27.11.11

For coming week as well as for Monday the key level for Nifty is 4681.75 below this level market may go down up to 4657.85/4637.63/4617.40

Where as on the upper side Nifty may face stiff resistance at 4797. The immediate resistance for Nifty is 4723.75, above this level Nifty may face resistance at 4732.02/4756.74/4776.97

If Nifty may able to break 4797, next target is 4850.

Nifty Trading Tips 27.11.11

Buy Nifty at 4715.53 with SL 4681 TGT 4722/4731/4754/4776/4790

Sell Nifty at 4680.53 SL 4699.25 TGT 4658.50/4639.05/4619.40

Share/Fut Trading Tips 27.11.11

Buy SBIN at CMP (1660-1670) SL 1625 TGT 1697/1723/1750 (Fut/Cash)

Buy ITC at CMP (190-194) SL 183 TGT 201/212/225 (Fut/Cash)

Buy Tatamotors at CMP (169-172) SL 163 TGT 179/185/190 (Fut/Cash)

Buy Bank Nifty at CMP (8450-8485) SL 8291 TGT 8550/8600/8650 .... if long for 1 month TGT 9000

Sell Hindalco at CMP (112-114) SL 116.50 TGT 110/108.50/107 (Cash)

Sell Reliance at CMP (750-760) SL 775 TGT 737/725/715

Market Outlook 25.11.11

Short covering in the later half of the trading session and appreciation in the value of rupee against dollar aided the market to close in green yesterday. Sensex was up around 1% at 15858.49 (+158.52) and Nifty was at 4756.45. But Euro-zone debt fears, depreciation in the value of rupee against dollar & disappointing Q2 results made whole November series worst and both benchmark index were down around 8%.

Nifty outlook for 25.11.11

Market may open gap up and trade firm in the opening. But for upper side Nifty has to cross 4780, above this Nifty may try to hit 4820/4845
If Nifty crosses above 4865 with huge volume we can expect 5050 in coming days

Below 4697 market may try to hit 4663/4642/4627/4605

Nifty Trading Tips for 25.11.11

Buy Nifty Dec Fut at CMP with SL 4795 TGT 4779/4794/4813

Sell Nifty Dec Fut at 4690 with SL 4711 TGT 4672/4664/4645

Market Outlook 24.11.11

It was another day of disaster for Indian Share Market. Fall of Rupee against dollar and withdrawal of funds by FII made Nifty and Sensex to close in red. Nifty closed at 4706.45, 105.95 points low, near 2 year low falling 2% on heavy volumes & Sensex closed at 15669.97, 365.45 points down. Almost all sectors were in red. It would be more pathetic if some short covering in the second half helped the market to come out from low of the day. In intra-day BSE Sensex were 587 points down to hit 15478.69 and Nifty touched low of 4640.95. Top Nifty gainers were NTPC, RCom and Bajaj Auto while losers were BPCL, JP Associates, HDFC bank and IDFC


Nifty Outlook 24.11.11

As our market is very weak, a gap down opening is expected and bears may take charge of market. Nifty may slip to 4678/4665/4627/4595 tomorrow. Nifty closing may invite more volatility. Short covering may be there for the day. For upper side Nifty has to break 4743 then it may try to hit 4785/4813/4845.

Nifty trading Tip

Sell Nifty at 4689 TGT 4678/4665 SL 4717

Buy Nifty (if trading above) 4729 TGT 4741/4780/4812 SL 4716

Market Outlook 23.11.11

Market Outlook 23.11.11

It was a day of releif for Indian Share Market. Even though last half hour bears tried to spoil the show, market managed to close in Green. Nifty was at 4812.35 up 34 points & Sensex was at 16065.42, 119.32 up. Metal, technology, auto, oil & gas and capital goods sectors supported the market. BSE Small cap index was up 0.03% and CNX Midcap index was down 0.1%

Nifty fut outlook for 23.11.11
The level for Bulls for the day is 4828.90. Above this level Nifty fut may try to hit 4855.75/4881.10 and 4904.65. A close above 4887 may lead Nifty to 5050 level in coming days.

Bears may take charge below 4787.30. Below that level Nifty Fut may go down to 4763/4738.10 and 4715. A close below 4712 may take Nifty to 4655 in coming days.


Nifty Tips

1. Buy Nifty Nov Fut at 4829.10 TGT 4854/4880/4902 SL 4788.30

2. Sell Nifty Nov Fut at 4786.10 TGT 4765/4739/4716 SL 4828.90

Market Outlook 23.11.11

Market Outlook 23.11.11

It was a day of releif for Indian Share Market. Even though last half hour bears tried to spoil the show, market managed to close in Green. Nifty was at 4812.35 up 34 points & Sensex was at 16065.42, 119.32 up. Metal, technology, auto, oil & gas and capital goods sectors supported the market. BSE Small cap index was up 0.03% and CNX Midcap index was down 0.1%

Nifty fut outlook for 23.11.11
The level for Bulls for the day is 4828.90. Above this level Nifty fut may try to hit 4855.75/4881.10 and 4904.65. A close above 4887 may lead Nifty to 5050 level in coming days.

Bears may take charge below 4787.30. Below that level Nifty Fut may go down to 4763/4738.10 and 4715. A close below 4712 may take Nifty to 4655 in coming days.


Nifty Tips

1. Buy Nifty Nov Fut at 4829.10 TGT 4854/4880/4902 SL 4788.30

2. Sell Nifty Nov Fut at 4786.10 TGT 4765/4739/4716 SL 4828.90

Share/Fut Trading Tips

1. Buy JSW Steel 580 Nov CE at 9-9.50 TGT 12/14.50/17 SL 5.50

2. Sell Bharti Airtel at CMP(379-381) SL 389 TGT 372/361

3. Sell Titan at CMP(194-196) SL 200.10 TGT 183/178

Market Outlook 22.11.11

It was another day of panic. Indian market fell drastically. Sensex closed at 15946.10 down 425.42 points & Nifty at 4778.35, 127.45 points down. The imporatant level for Nifty was 4842. Weakening of Indian Rupee & global markets played there role well.

For today if Nifty breaks below 4763 it may once again favor bears only. Below that level Nifty future may try to hit 4725/4698. Below 4687 it may go down to 4661/4647/4622/4600 in coming days.

But there may be some reversal up to 4821. Above this level it may try to hit 4880/4920. May be in 2-3 days it may hit 5050.

Happy trading

Market outlook 21.11.11

It was a disappointment week for Indian share market. The market was down for 7 consecutive day. Global cues, inflation in india, weakening of Indian Rupees, there are many reasons for fall in the market.
On Friday Nifty closed at 4905.80 down 28.95 points & Sensex at 16371.51 down 90.20 points. The Sensex lost 4.9% while the Nifty lost 5.24% during the week. The market traded deeply in the red for the most of the week. However towards the closing of Friday, short covering & positive opening of the European markets helped to close the Indian market with moderate loss only.
There is some hope for the coming week, but there may be still big volatility wait the traders/investors in the market.

Nifty outlook

The key level for Nifty is 4920. Above this level market may remain positive. A gap up opening will do the things in favor of bulls.
Next level of resistance is 4962-4976. Above this level market may try to hit 5010/5043/5060
Below 4900 market may go deep up to 4856/4832/4813/4803

Market outlook 18.11.2011

It was a disappointing performance by the Indian market. Sensex closed at 16461.71, 314.16 points down and Nifty at 4934.75, 95.75 points down. Both benchmark indices closed with about 2%. Reliance was the top loser among heavy weights. BSE small cap index was down 1.1%

Nifty on 18.11.2011

Nifty is now below it's significant support level of 4950 & it's psychological support level 5000. But some relief rally expected at current levels. The strategy is sell in rally.

Sell Nifty around 5020, if relief rally is there, TGT 4913/4885 SL 5074

Buy Nifty around 4903/4913 SL 4856 TGT 4975/4998/5020

Share tip

Hindoilexpo buy around 120 SL 92.75 TGT 158.60/180 - 6 months

Share tips for medium to long term investment

1. SBI buy 1760 TGT 1800/1850 - 3 months
2. Kingfisher Air buy at CMP TGT 38/47 - expect some recovery formula- 6 months
3. Great Offshore buy at CMP or on dips TGT 116/121 - 3 months
4. Idea cellular buy at CMP TGT 105/112
5. India Glycol buy at 120-126 tgt 150/180 - 6 months

Market outlook for 15.11.2011

The market was opened positive as expected but can't hold the upward momentum. Market witnessed heavy selling in the second half of trading session and Nifty closed at 5148.35, 20.50 low and Sensex at 17118.74 74.08 points low.
Top gainers in NSE were Ranbaxy labs, Bharti Airtel, Hero Honda, Drreddy and Hdfc Bank
Top losers were RIIL, M&M, RPower, Tata Steel & Maruti

Nifty tomorrow

Market expected to open gap down.
Nifty Nov Fut below 5140 may try to hit 5113/5102/5092
Above 5170 Nifty may go up to 5185/5209/5223/5247

Stock picks for 15.11.2011

1. Buy Drreddy at 1645 TGT 1667.30 SL 1623.70 (1 week)

2. Sell Bataindia at/below 675 TGT 652.80 SL 693 (1 week)

Market outlook 14.11.11

Even though market was negative last week today it is expected to open gap up. You can buy Nifty at CMP with SL 5135 for TGT 5325
Below 5135 Nifty may retest 4700

Market Outlook for 11.11.11

Market Yesterday
Nifty closed at 5221.05 slipped 68.30 points & Sensex closed at 17362.10 on 09.11.11. Market started in green yesterday and traded range bound. But came down sharply at the last hour of business due to Global and domestic cues.
Worries over the Italian debt crisis spread even after the Italian Prime Minister's readiness of resignation. European & US markets were also in red yesterday.
SBI fall 7% on account of worries over its assets quality too added severe pressure on the market and also the down grade of Indian Banking system from stable to negative by global rating agency Moody's led Indian markets down
Banking, reality, metal, oil & gas, auto & capital goods were dragged the market down. IT & FMCG were only in green. The market breadth was negative with advances 307 & declines 1001 on NSE.

Nifty View
For the time being 5145-5165 may act as solid support for the Nifty and 5335 will act as resistance.

Above 5238.25 Nifty may try to hit 5253/5271/5289 & 5308 while on down side below 5220 Nifty may go up to 5204/5186/5168/5150

Trading Tips

1. Buy HUL 389-392 SL 374.50 TGT 415/424
2. Buy Jet Airways 250-258 SL 219.35 TGT 272.50/293/305

Market outlook at 09.11.11

Nifty traded range bound. It was a choppy day. The Nifty closed with a 5 points again, after recovered from day's low.
Sensex closed flat up only 6.92 points at 17569.53. The NSE Nifty was up 5.15 points at 5289.35. BSE Small cap index lost 0.2%.
Market was entered into a consolidated mode next move. Market was recovered in the last hours due to the up move in European market.
The expected events in European market are cabinet' session in Greece, Italy's PM's confidence vote and meeting of European Union Finance Ministers.
SBI gained over 1.7% today. The market breadth was negative with advances 570 against declines 730 on NSE

Share/Future:

Above 5329 Nifty may try to hit 5344.50/5362/5381.19 & 5399.50
Nifty has to break & sustain above 5365 to continue its upward journey.

On down side below 5310.60 Nifty may try hit 5295.20/5277 further drop will be there if Nifty breaks below 5258 & 5240.

Voltas buy at 107.75 SL 93.20 TGT 121
HDIL buy at 101.15 SL 96.70 TGT 105/110

Market today

>
> Market was landed in negative territory last week. Auto sector were the worst performer.
> This week if nifty stay breaks & sustain above 5365 up move is expected. If nifty breaks below 5160 bearish move expected.
> Most probably nifty may trade in between this range & consolidate for next couple of week.
> For today:
> Nifty buy above 5335 with SL 5322 TGT 5344/5362/5383
> Nifty sell below 5290 SL 5324 TGT 5275/5253/5245

Market Outlook for 3.11.11

Market closed flat on Wednesday, Nifty at 5258.45 with a gain of 0.5 points and Sensex were marginally in red at 17464.85, 16 points down.
Greece is still there to control ups and downs of the global financial markets!!! The Greece debt related issues still keeps markets down and every eyes are now in G20 summit held on 3rd and 4th November 2011. European markets also were in red after Euro-zone Manufacturing PMI was out in the yesterday evening.
But most of the day, apart from opening and closing session, Indian markets were managed to be in green.
Bharti Airtel & Hero Motocorp were the mainly dragged the market yesterday. But Reliance Industries and ADAG Group shares supported the market. RCom shoot up 5.5% on reports that RIL may tie up with the company for telecom services. The new listing Indo Thai Securites fell around 70% to close at 23 after making an intra day high of 99.10 and low of 18.10 on BSE.
Market breadth was negative about 660 shares advanced and 761 shares declined on NSE.

Tip for 03.11.11

Nifty has strong resistance at 5335-5345 zone.
If Nifty breaks below 5223.25 it may go down to 5202.45 and 5181.65.
For upward journey Nifty has to break and sustain above 5323.90 and then 5335.35/5345.75 and 5366.25

Buy Great Offshore Ltd at/above 125.05 SL 105.75 TGT 137.75/143.05 - 6 months hold

Market outlook 2.11.11

Greece's call for a referendum on the bailout package spoiled the market sentiments of Indian share markets as well as global markets.
Indian markets were slipped for the second consecutive day after the strong rally last week. But the rally, last week was driven by mere sentiments not by the change in basics of the market fundamentals.
It may be a short covering, may be due to the mere optimistic result of EU summit or Diwali sentiments.
Market may be volatile for next few sessions.
Nifty below 5274.70 may slip to 5247/5239. Below 5212 the things will be worst.
The trading range for Nifty may be 5174-5345

Buy Orchid chemicals on dips with SL 142.30 Tgt 187/198/212 - long term

Trading tip for Nov 1 2011

The nifty were closed at 5326 down 34 points & Sensex at 17705, 100 down on Monday. It was mainly due to the negative performance of global markets after a quite good rally last week.
Oil & gas, Metal, reality, Capital goods, Cement, Health care, were under selling pressure. However HUL, HDFC Bank, Infosys and Hero Motocorp were outperformed.
It is expected to be more volatile in coming days & market may move sideways for next few sessions.

1. Buy Nifty 5334.70 SL 5321.50 Tgt 5349/5353
2. Sell Nifty at 5359.25 TGT 5343/5339 SL 5371.19

Above 5372 Nifty may try to hit 5391. For bears below 5320 it will hit 5303.

1. Sell Reliance at 884.75 TGT 876/874 SL 892

Visit niftywatch.blogspot.com for updates