THE MARKET SNAPPED A NINE-WEEK CONTINUED RALLY ON PROFIT BOOKING (?) IN FRONTLINE STOCKS AS A TUSSLE BETWEEN REGULATORS ON OVERSIGHT OF UNIT LINKED INSURANCE PRODUCTS (ULIP) WEIGHED ON INVESTOR
SENTIMENT. NEXT WEEK, SPECULATION
THAT THE RESERVE BANK OF INDIA (RBI) WILL FURTHER TIGHTEN MONETARY POLICY
ALSO WORRIED INVESTORS. LAST WEEK, THE KEY INDIAN INDICES FELL IN ALL FOUR TRADING
SESSIONS IGNORING STRONG GLOBAL CUES.
SENTIMENT. NEXT WEEK, SPECULATION THAT THE RESERVE BANK OF INDIA (RBI) WILL FURTHER TIGHTEN MONETARY POLICY ALSO WORRIED INVESTORS. LAST WEEK, THE KEY INDIAN INDICES FELL IN ALL FOUR TRADING SESSIONS IGNORING STRONG GLOBAL CUES.MOST OF THE MARKET PARTICIPANTS EXPECTING 25 BPS HIKE IN CRR AND RRR FROM RBI ON 20/04/2010. NIFTY DISCOUNTED TO THAT 150 POINTS FROM 5400 TO 5250. WE EXPECT ANOTHER 50-100 POINTS CORRECTION BEFORE 20.04.2010 NOON. MARKET WILL RECOVER FROM 5150-5200 LEVEL IF RBI RATE HIKE ARE IN THE LINE. IF RBI TIGHTS MORE THAN EXPECTATIONS THAN PANIC
WILL RULE THE MARKET. ON THE DOWNSIDE, 5032, 4986 AND 4888 WILL ACT AS SUPPORTS.
WILL RULE THE MARKET. ON THE DOWNSIDE, 5032, 4986 AND 4888 WILL ACT AS SUPPORTS.NOW THAT THE NEWS BREAK OF GOLDMAN SACHS' FRAUD HAS COME OUT AND THIS NEWS ADD FUEL LIKELY TO ACCELERATE THE FALL OF MARKETS ON MONDAY. IN A GERMAN TV INTERVIEW, THE FAMOUS GURU MARK FEBER TOLD THAT THE STIMULUS PACKAGES WILL SOON LOSE ITS INFLUENCE. INTERESTINGLY, ALL BAD NEWS COMES OUT AT THE TIME, WHEN THE MARKETS GLOBALLY IS READY TO CORRECT/TAKE OFF.
FOR MONDAY (19.04.2010):: NIFTY FUTURE:: IF POSSIBLE, BUY BETWEEN 5180-5200 WITH A STOPLOSS OF 5155 FOR A TARGET OF 5230-70. A CLOSE BELOW 5166 WILL BE DISASTER FOR BULLS. THOSE WILLING TO PLAY SAFE, BUY ABOVE 5250 WITH A STOPLOSS OF 5234 FOR A TARGET OF 5275-5285. IF STAYS ABOVE 5291 FOR 8-10 MINUTES THEN EXTENDED TARGETS WILL BE 5303-5320-5345(POSITIONAL).
NIFTY OPTIONS:: BUY NIFTY 5300PE ABOVE 84 WITH A STOPLOSS OF 75 FOR A TARGET OF 102-110
BUY RELIANCE 1100PA ABOVE 25.05 WITH A STOPLOSS OF 21.05 FOR A TARGET OF 33-35
BUY BHARTIARTL 300PA ABOVE 4.30 WITH A STOPLOSS OF 3.60 FOR A TARGET OF 5.15-5.50
BUY NIFTY 5300CE ABOVE 51 WITH A STOPLOSS OF 47 FOR A TARGET OF 61-65
STOCKS:: The top five holdings for Goldman Sachs Invest, Mauritius were (1) LIC Housing Finance, (2) Lanco Infra, (3) CESC, (4) United Phosphorus and (5) Educomp Solutions. Play accordingly.
FOR TUESDAY (20.04.2010):: GOLDMAN SACHS SAID THE CHARGES WERE COMPLETELY UNFOUNDED IN LAW AND FACT. EXPECT WILD SWINGS IN NIFTY, RISE OF VOLATILE INDEX, AND ALSO RISE IN TRADING RANGE & VOLUME. TRADE WITH CAUTION AND AVOID BUILDING OF EXCESSIVE POSITION TILL CLEAR MARKET TREND EMERGES. NIFTY ALREADY DISCOUNTED FOR 25 BPS TO 50 BPS HIKE IN CRR AND RRR FROM RBI ON 20.04.2010. AS STATED YESTERDAY, MARKET WILL TAKE SUPPORT IN THE NEAR TERM AROUND 5150-5180 LEVEL. IF BREACHES 5150 LEVEL IN THE DOWNSIDE, WE MAY SEE 5100 LEVEL ALSO.
NIFTY FUTURE:: BUY ABOVE 5220 WITH A STOPLOSS OF 5199 FOR A TARGET 5255 AND SELL BELOW 5184 WITH A STOPLOSS OF 5204 FOR A TARGET OF 5160
NIFTY OPTIONS:: BUY NIFTY 5100 PE OR 5200 CE (POSITIIONAL); WILL UPDATE DURING DAYTIME ACCORDING TO MARKET CONDITION
BUY INFOSYSTECH 2750CA AROUND 36.30 WITH A STOPLOSS OF 31.30 FOR A TARGET OF 50
BUY RELIANCE 1060CA ABOVE 21 WITH A STOPLOSS OF 18 FOR A TARGET OF 28-30
BUY SUZLON 70CA AROUND 1.55 WITH A STOPLOSS OF 1.30 FOR A TARGET OF 2.00-2.20
(NOTE: MARKET MAY BE EXTREMELY VOLATILE AND SWING. SO BE CAUTIOUS WHEN PLAY WITH OPTIONS TODAY; IT MAY HITS SEVERAL TIME YOUR STOPLOSS.)
STOCKS:: Unitech board may consider 1:1 demerger swap ratio. WATCH IT. IN ADDITION, WATCH BHARAT FORGE, PUNJ LLYOD.
FOR WEDNESDAY (21.04.2010):: THE SENSEX CLOSED TODAY WITH MARGINAL GAIN OF 59 POINTS AT 17460 AND THE NIFTY CLOSED AT 5230, GAINING 26 POINTS. INTEREST
SENSITIVE STOCKS ESPECIALLY REALTY, AUTOMOBILE AND THE BANKING STOCKS ROSE SHARPLY. WEDNESDAY WE MAY OPEN 25-30 POINTS UP AND MARKET WILL TRY TO CLEAR 5255-61 ZONE FOR NEXT RESISTANCE ZONE OF 5298. IF MARKET CLOSE BELOW 5200, WE MAY EXPECT 5100 LEVEL IN THIS WEEK.
NIFTY FUTURE:: BUY ABOVE 5220 WITH A STOPLOSS OF 5199 FOR A TARGET 5255 AND SELL BELOW 5184 WITH A STOPLOSS OF 5204 FOR A TARGET OF 5160
NIFTY OPTIONS:: BUY NIFTY 5100 PE OR 5200 CE (POSITIIONAL); WILL UPDATE DURING DAYTIME ACCORDING TO MARKET CONDITION
BUY INFOSYSTECH 2750CA AROUND 36.30 WITH A STOPLOSS OF 31.30 FOR A TARGET OF 50
BUY RELIANCE 1060CA ABOVE 21 WITH A STOPLOSS OF 18 FOR A TARGET OF 28-30
BUY SUZLON 70CA AROUND 1.55 WITH A STOPLOSS OF 1.30 FOR A TARGET OF 2.00-2.20
(NOTE: MARKET MAY BE EXTREMELY VOLATILE AND SWING. SO BE CAUTIOUS WHEN PLAY WITH OPTIONS TODAY; IT MAY HITS SEVERAL TIME YOUR STOPLOSS.)
STOCKS:: Unitech board may consider 1:1 demerger swap ratio. WATCH IT. IN ADDITION, WATCH BHARAT FORGE, PUNJ LLYOD.
FOR WEDNESDAY (21.04.2010):: THE SENSEX CLOSED TODAY WITH MARGINAL GAIN OF 59 POINTS AT 17460 AND THE NIFTY CLOSED AT 5230, GAINING 26 POINTS. INTEREST
SENSITIVE STOCKS ESPECIALLY REALTY, AUTOMOBILE AND THE BANKING STOCKS ROSE SHARPLY. WEDNESDAY WE MAY OPEN 25-30 POINTS UP AND MARKET WILL TRY TO CLEAR 5255-61 ZONE FOR NEXT RESISTANCE ZONE OF 5298. IF MARKET CLOSE BELOW 5200, WE MAY EXPECT 5100 LEVEL IN THIS WEEK.NIFTY FUTURE:: BUY NIFTY AROUND 5244 WITH A STOPLOSS OF 5225 FOR A TARGET OF 5264 AND 5277 AND SELL BELOW 5219 WITH A STOPLOSS OF 5239 FOR A TARGET OF 5201 AND 5188.
NIFTY OPTIONS:: BUY NIFTY 5300CE ABOVE 22 (CMP=26.55) WITH A STOPLOSS OF 19 FOR A TARGET OF 30-32.
BUY ICICIBANK 940CA ABOVE 14 WITH A STOPLOSS OF 11.55 FOR A TARGET OF 17-18.50
BUY UNITECH 80PA AROUND 0.40 FOR A TARGET OF 1.25-1.75 (NO STOPLOSS; WE MAY RISK 40 PAISE)
BUY AND HOLD 5300 CE (MAY SERIES), IF YOU WISH.
** DUE TO TIME DECAY IT IS BETTER TO AVOID ANY CARRY FORWARD POSITION IN OPTIONS. IF ANY LOSS MAYBE BOOKED INTRADAY ONLY.
STOCKS:: WATCH AUTO ANCILLARY STOCKS. IN ADDITION, WATCH IFCI, IVRCLINFRA
FOR THURSDAY (22.04.2010):: TODAY, ON WEDNESDAY, SENSEX
CLOSED AT 17472, UP 11 POINTS ONLY AND NIFTY AT 5244, UP 14 POINTS FROM LAST DAY'S CLOSING. CNX MIDCAP INDEX
WAS UP 0.69% AND BSE SMALLCAP INDEX WAS UP 1.35%. THE MARKET BREADTH WAS POSITIVE WITH ADVANCE DECLINE RATIO 3:1 (903:377). IT SEEMS 5300 IS VERY TOUGH TO CROSS IN THIS SERIES. EVERY RISE IS A SELL FOR 5100 TO 5040 WITH A STOP ABOVE 5300. REMEMBER LAST MONTH'S EXPIRY WAS AT 5260. IF WE NOT CLOSE ABOVE THAT TILL FRIDAY, WE MAY SEE 5200 AGAIN.
CLOSED AT 17472, UP 11 POINTS ONLY AND NIFTY AT 5244, UP 14 POINTS FROM LAST DAY'S CLOSING. CNX MIDCAP INDEX WAS UP 0.69% AND BSE SMALLCAP INDEX WAS UP 1.35%. THE MARKET BREADTH WAS POSITIVE WITH ADVANCE DECLINE RATIO 3:1 (903:377). IT SEEMS 5300 IS VERY TOUGH TO CROSS IN THIS SERIES. EVERY RISE IS A SELL FOR 5100 TO 5040 WITH A STOP ABOVE 5300. REMEMBER LAST MONTH'S EXPIRY WAS AT 5260. IF WE NOT CLOSE ABOVE THAT TILL FRIDAY, WE MAY SEE 5200 AGAIN.NIFTY FUTURE:: NIFTY MAY OPEN A GAP DOWN (25-30 points) AND WILL BE DOWN TILL IT FINDS ITS SUPPORTS AROUND 5200 LEVEL. BUY AROUND 5210-5214 WITH A STOPLOSS OF 5201 FOR A TARGET OF 5279 AND 5298 OR BUY AROUND 5181 (IF BREACHES 5200 LEVEL)WITH A STOPLOSS OF 5161 FOR A TARGET OF 5224 AND 5254. IF EVERYTHING GOES WELL IN THE OPENING, SELL NIFTY AROUND 5295 WITH A STOPLOSS 5310 FOR A TARGET OF 5255.
NIFTY OPTIONS:: HIGH OI ON 5200 PE (CALL WRITING) SO BULL OPERATORS HOPE LIES ON 5200. THE EXPIRY WILL BE BETWEEN 5200-5300. BUT I WILL SUGGEST NOT TO TRADE ANY OPTIONS, IT MAY VANISH YOUR ENTIRE INVESTMENT WITHIN A DAY OR TWO.
BUY NIFTY 5200CE ABOVE 70.50 TGT 80-84 SL 64.50;
BUY NIFTY 5300PE ABOVE 75.60 TGT 88-91 SL 68.95;
BUY DLF 340CA ABOVE 3.55 TGT 4.60-5.00 SL 2.95
BUY INFOSYSTCH 2700PA ABOVE 20.90 TGT 27-30 SL 17.20
STOCKS:: JP ASSOCIATES, DLF, GMR INFRA, IDFC
NIFTY OPTIONS:: HIGH OI ON 5200 PE (CALL WRITING) SO BULL OPERATORS HOPE LIES ON 5200. THE EXPIRY WILL BE BETWEEN 5200-5300. BUT I WILL SUGGEST NOT TO TRADE ANY OPTIONS, IT MAY VANISH YOUR ENTIRE INVESTMENT WITHIN A DAY OR TWO.
BUY NIFTY 5200CE ABOVE 70.50 TGT 80-84 SL 64.50;
BUY NIFTY 5300PE ABOVE 75.60 TGT 88-91 SL 68.95;
BUY DLF 340CA ABOVE 3.55 TGT 4.60-5.00 SL 2.95
BUY INFOSYSTCH 2700PA ABOVE 20.90 TGT 27-30 SL 17.20
STOCKS:: JP ASSOCIATES, DLF, GMR INFRA, IDFC
FOR FRIDAY (23.04.2010):: Nifty settled the day with just 24 points gains on support from RIL, SBI, SAIL, Tata Motors, HUL, ITC and HDFC. The index surged more than 70 points and traded above 5300 during the day on back of buying across sectors. However, in the last one-hour it wiped out over 45 points following weak European cues, especially post Greece worries. Greece's public deficit for 2009 has climbed up to whopping 13.6% of GDP (gross domestic product
). This dragged down Indian markets from day's high as well as put pressure on European markets. The NSE F&O segment reported one of the highest turnover of Rs 1,45,808.60 crore today. Total turnover was at Rs 1,66,730.53 crore; including Rs 15,926.23 crore from the NSE cash segment and Rs 4,995.70 crore from the BSE cash segment.
NIFTY FUTURE::
NIFTY OPTION::
STOCK::
). This dragged down Indian markets from day's high as well as put pressure on European markets. The NSE F&O segment reported one of the highest turnover of Rs 1,45,808.60 crore today. Total turnover was at Rs 1,66,730.53 crore; including Rs 15,926.23 crore from the NSE cash segment and Rs 4,995.70 crore from the BSE cash segment.NIFTY FUTURE::
NIFTY OPTION::
STOCK::
DISCLAIMER: I HAVE NO HOLDING AS ON TODAY.
NOTE:: Traders are advised to trade in the above reco for future/options/cash segments according to their risk taking appetite.
NOTE:: Traders are advised to trade in the above reco for future/options/cash segments according to their risk taking appetite.
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
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