Last trading day of the month. Market can open flat to positive and may remain flat. Some profit booking can be seen at higher levels in overbought stocks.
Nifty support 4965, 4880 Resistance 5020, 5050
Sensex Support 17000, 16890 Resistance 17200, 17290
Buys for Intraday:
NIIT Tech (334) Target 342-345 SL 330
Orchid Chemical (230) Target 235-238 SL 227
RPL (150) Target 155 SL 148
Cipla (176) Target 180-182 SL 174
EKC (223) Target 228-230 SL 220
Bhushan Steel (915) Target 930-940 SL 910
Visu International (16.50) Target 17.50-18 SL 16
Paramount Communication (33.60) Target 36-38 SL 32
Pantaloon Retail (526) Target 540 SL 522
REL (1116) Target 1130 SL 1110
Others: GMR Infra, Rasoya Proten, NIIT Ltd., Maxwell Ind, Videocon Ind.
Good Luck
Friday, September 28, 2007
Thursday, September 27, 2007
Technical Views
Technical Analyst, Ashwani Gujral is of the view that Kesoram Industries can touch Rs 670.
Gujral told CNBC-TV18, "It is time probably for cement to start some participation. Kesoram has support at Rs 515 that could be headed for a target of about Rs 670. Rs 430 is possible on the upside in Birla Corporation."
Reliance Energy could head upto Rs 1350 level.
Gujral told CNBC-TV18, "Reliance Energy continues to surprise because now it has now achieved all kinds of targets that we had in mind. So probably one should keep a stop of about Rs 1,100 and just let it ride it, probably it could head upto levels of Rs 1,350. "
He further added, "Sterlite Industries commodities have started doing well so in that also one could see levels of about Rs 850-900."
Unitech may touch Rs 400.
Gujral told CNBC-TV18, "Interest rate sensitives stocks have a lot of expectations that interest rates will come down. DLF is a strong counter that should probably head towards Rs 900 in the medium-term. Unitech after some consolidation should go back to about Rs 400."
He further added, "Indiabulls Real Estate is trading at new highs, it has broken out a few days back that should probably head towards Rs 800, but again I am saying that we need to have a close eye on how much leverage and what kind of cost of carry this market is building up as we go forward because reactions will be quite steep and sharp."
Above Rs 730, Shree Renuka Sugars can touch Rs 900.
Gujral told CNBC-TV18, "If Shree Renuka Sugars can maintain Rs 730 it should look at Rs 900 that tends to move quite fast. It was a bad day today for Bajaj Hindustan but again support at Rs 170 probably Rs 225 is next. Balrampur Chini is around consolidation levels of Rs 70, we could probably see Rs 90.รถ
Tata Steel can go upto Rs 900.
Gujral told CNBC-TV18, "Metals, is a very strong group, Tata Steel is trading at new highs, I would not be surprised to see this at about Rs 900. I would not be surprised to see Sterlite at Rs 860-900. SAIL is looking quite strong, Rs 230 could be the next level on SAIL. So, there are things, which are looking strong even in this market."
Technical Analyst, Ashwani Gujral is of the view that once sugar stocks complete consolidation, we could see higher levels.
Gujral told CNBC-TV18, "The initial buying has come in now probably the government needs to do something more for these sugar stocks they have all climbed back above their Rs 200 day moving averages, which at least brings them in to a positive territory. Now from here they probably need to move sideways because this move up was 25%-30% once they can complete a sideways kind of consolidation, we should see higher levels.
Industrial Finance Corporation of India, IFCI has good support between Rs 82-85.
Gujral told CNBC-TV18, "RNRL needs to consolidate big time, I think Rs 65 is a sort of level to which it can correct. For IFCI, Rs 82-85 is probably a good support area that is where it needs to consolidate before it moves on to about Rs 110."
He further added, "Similarly with Jaiprakash Hydro-Power, it was Rs 55 few days back and suddenly it runs upto Rs 85. All these stocks need to cool off, build fresh bases before they can move higher because the kind of moves they have had, they have probably covered a lot of ground in one day. So now they need to move sideways and make some fresh basing patters here."
Source:moneycontrol.com
Gujral told CNBC-TV18, "It is time probably for cement to start some participation. Kesoram has support at Rs 515 that could be headed for a target of about Rs 670. Rs 430 is possible on the upside in Birla Corporation."
Reliance Energy could head upto Rs 1350 level.
Gujral told CNBC-TV18, "Reliance Energy continues to surprise because now it has now achieved all kinds of targets that we had in mind. So probably one should keep a stop of about Rs 1,100 and just let it ride it, probably it could head upto levels of Rs 1,350. "
He further added, "Sterlite Industries commodities have started doing well so in that also one could see levels of about Rs 850-900."
Unitech may touch Rs 400.
Gujral told CNBC-TV18, "Interest rate sensitives stocks have a lot of expectations that interest rates will come down. DLF is a strong counter that should probably head towards Rs 900 in the medium-term. Unitech after some consolidation should go back to about Rs 400."
He further added, "Indiabulls Real Estate is trading at new highs, it has broken out a few days back that should probably head towards Rs 800, but again I am saying that we need to have a close eye on how much leverage and what kind of cost of carry this market is building up as we go forward because reactions will be quite steep and sharp."
Above Rs 730, Shree Renuka Sugars can touch Rs 900.
Gujral told CNBC-TV18, "If Shree Renuka Sugars can maintain Rs 730 it should look at Rs 900 that tends to move quite fast. It was a bad day today for Bajaj Hindustan but again support at Rs 170 probably Rs 225 is next. Balrampur Chini is around consolidation levels of Rs 70, we could probably see Rs 90.รถ
Tata Steel can go upto Rs 900.
Gujral told CNBC-TV18, "Metals, is a very strong group, Tata Steel is trading at new highs, I would not be surprised to see this at about Rs 900. I would not be surprised to see Sterlite at Rs 860-900. SAIL is looking quite strong, Rs 230 could be the next level on SAIL. So, there are things, which are looking strong even in this market."
Technical Analyst, Ashwani Gujral is of the view that once sugar stocks complete consolidation, we could see higher levels.
Gujral told CNBC-TV18, "The initial buying has come in now probably the government needs to do something more for these sugar stocks they have all climbed back above their Rs 200 day moving averages, which at least brings them in to a positive territory. Now from here they probably need to move sideways because this move up was 25%-30% once they can complete a sideways kind of consolidation, we should see higher levels.
Industrial Finance Corporation of India, IFCI has good support between Rs 82-85.
Gujral told CNBC-TV18, "RNRL needs to consolidate big time, I think Rs 65 is a sort of level to which it can correct. For IFCI, Rs 82-85 is probably a good support area that is where it needs to consolidate before it moves on to about Rs 110."
He further added, "Similarly with Jaiprakash Hydro-Power, it was Rs 55 few days back and suddenly it runs upto Rs 85. All these stocks need to cool off, build fresh bases before they can move higher because the kind of moves they have had, they have probably covered a lot of ground in one day. So now they need to move sideways and make some fresh basing patters here."
Source:moneycontrol.com
Intraday calls for 27th September
Market is likely to open with gap up and nifty can touch 5000 mark today.
Buys for intraday:
Dish TV (73.75) Target 78-80 SL 72
Bank of Rajasthan (121) Target 125-128 SL 120
GMR Infra (830) Target 850-865 SL 824
IDEA (128) Target 132-135 SL 126
Arvind Mills (60) Target 62-65 SL 59
Rain Calcing (44) Target 48-50 SL 43
Air Deccan (149) Target 155 SL 146
TCS (1040) Target 1060 SL 1032
TTML (43) Target 45-48 SL 42
GTL Infra (38.75) Target 42-44 SL 37.5
Atlanta (300) Target 310-315 SL 296
Prithvi Info (272) Target 278-282 SL 270
Good Luck
Buys for intraday:
Dish TV (73.75) Target 78-80 SL 72
Bank of Rajasthan (121) Target 125-128 SL 120
GMR Infra (830) Target 850-865 SL 824
IDEA (128) Target 132-135 SL 126
Arvind Mills (60) Target 62-65 SL 59
Rain Calcing (44) Target 48-50 SL 43
Air Deccan (149) Target 155 SL 146
TCS (1040) Target 1060 SL 1032
TTML (43) Target 45-48 SL 42
GTL Infra (38.75) Target 42-44 SL 37.5
Atlanta (300) Target 310-315 SL 296
Prithvi Info (272) Target 278-282 SL 270
Good Luck
Wednesday, September 26, 2007
Intraday Calls for 26th September
Market is likely to open flat to positive and can touch 17000 for sensex and 5000 for nifty.
Sensex Support 16740, 16660 Resistance 17000, 17140
Nifty Support 4860, 4800 Resistance 5000
Buys for intraday:
NIIT Ltd. (147) Target 152-155 SL 145
NIIT Tech. (326) Target 335+ SL 322
Prithvi Info (272) Target 280-285 SL 268
UTV Software (609) Target 630 SL 602
TTML (40) Target 44-45 SL 39
Hindalco (167.5) Target 172-175 SL 165
ITC (187) Target 192-195 SL 185
Essar Oil (59) Target 65 SL 57
Petronet LNG (86) Target 90+ SL 84
Renuka Sugar (700) Target 725 SL 694
Triveni Eng (119) Target 125 SL 117
DCW (16) Target 18 SL 15.5
Bindal Agro (50) Target 55 SL 48 (NSE Only)
Good Luck
Sensex Support 16740, 16660 Resistance 17000, 17140
Nifty Support 4860, 4800 Resistance 5000
Buys for intraday:
NIIT Ltd. (147) Target 152-155 SL 145
NIIT Tech. (326) Target 335+ SL 322
Prithvi Info (272) Target 280-285 SL 268
UTV Software (609) Target 630 SL 602
TTML (40) Target 44-45 SL 39
Hindalco (167.5) Target 172-175 SL 165
ITC (187) Target 192-195 SL 185
Essar Oil (59) Target 65 SL 57
Petronet LNG (86) Target 90+ SL 84
Renuka Sugar (700) Target 725 SL 694
Triveni Eng (119) Target 125 SL 117
DCW (16) Target 18 SL 15.5
Bindal Agro (50) Target 55 SL 48 (NSE Only)
Good Luck
Tuesday, September 25, 2007
Market Rumours
Short Term Targets for listed below:
TTML (41) Target 55+
Hindalco (168) Target 190
GMR Infra (866) Target 950
Vijaya Bank (65) Target 75+
Bongaigaon Ref (68) Target 75+
NIIT Ltd. (147) Target 180+
Renuka Sugar (700) Target 1000
These are only market rumours. It can be right or wrong. Please keep strict SL(1-2%) if buy.
TTML (41) Target 55+
Hindalco (168) Target 190
GMR Infra (866) Target 950
Vijaya Bank (65) Target 75+
Bongaigaon Ref (68) Target 75+
NIIT Ltd. (147) Target 180+
Renuka Sugar (700) Target 1000
These are only market rumours. It can be right or wrong. Please keep strict SL(1-2%) if buy.
Markets Today
The markets ended with marginal gains after seeing some hicups in the noon trades. It was a dull day for markets as they selling pressure was seen in realty, auto and banking stocks. Markets made smart recovery from the day's low, Sensex saw a triple digit correction in noon but was up again by the end of the day to end almost flat. Oil marketing companies were the standout performance with HPCL, BPCL and IOC were among the top gainers.
It was some profit booking at the higher levels and Nifty holding above the 4,900 mark. The market breadth was negative as the midcap and smallcap indices underperformed.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Sensex was up 53.71 points or 0.32% at 16899.54, and the Nifty up 6.65 points or 0.13% at 4938.85.
About 1228 shares have advanced, 1735 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 7,313.33 up 0.04%.
The BSE Smallcap Index ended at 8,967.51 up 0.05%.
The BSE Bankex was down 0.5% at 8,921.74. Oriental Bank, Centurion Bank, Allahabad Bank, Karnataka Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was up 0.5% at 14,763.61. Areva T&D, Punj Lloyd, Alstom Projects, Bharat Bijlee, AIA Engineering closed lower.
The BSE Health Care Index was up 0.6% at 3,687.60. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed higher.
The BSE Auto Index closed at 5,252.96 down 1%. Tube Investment, Hero Honda, TVS Motor, Mah and Mah, Escorts closed lower.
The BSE Metal Index closed at 13,080.83 up 0.4%. JSW Steel, Jindal Saw, Hindalco, Hind Zinc, JindalStainless closed higher
The BSE FMCG Index closed at 2,156.35 up 0.1%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed at 9,777.51 up 1.3%. Petronet LNG, Essar Oil, BPCL, IOC, HPCL ended in green.
The BSE IT Index closed flat at 4,348.62. Satyam, HCL Tech, Tech Mahindra, Infosys closed lower.
The BSE realty Index lost 3% at 9,085.47. Unitech, Phoenix Mills, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 17784.95 crore and the NSE F&O turnover was at Rs 83677.53 crore. The BSE cash turnover was Rs 7468.09 crore. Total market wide turnover was at Rs 108930.57 crore.
It was some profit booking at the higher levels and Nifty holding above the 4,900 mark. The market breadth was negative as the midcap and smallcap indices underperformed.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Sensex was up 53.71 points or 0.32% at 16899.54, and the Nifty up 6.65 points or 0.13% at 4938.85.
About 1228 shares have advanced, 1735 shares declined, and 69 shares are unchanged.
The BSE Midcap Index ended at 7,313.33 up 0.04%.
The BSE Smallcap Index ended at 8,967.51 up 0.05%.
The BSE Bankex was down 0.5% at 8,921.74. Oriental Bank, Centurion Bank, Allahabad Bank, Karnataka Bank, Bank of Baroda moved downwards.
The BSE Capital Goods Index was up 0.5% at 14,763.61. Areva T&D, Punj Lloyd, Alstom Projects, Bharat Bijlee, AIA Engineering closed lower.
The BSE Health Care Index was up 0.6% at 3,687.60. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed higher.
The BSE Auto Index closed at 5,252.96 down 1%. Tube Investment, Hero Honda, TVS Motor, Mah and Mah, Escorts closed lower.
The BSE Metal Index closed at 13,080.83 up 0.4%. JSW Steel, Jindal Saw, Hindalco, Hind Zinc, JindalStainless closed higher
The BSE FMCG Index closed at 2,156.35 up 0.1%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed at 9,777.51 up 1.3%. Petronet LNG, Essar Oil, BPCL, IOC, HPCL ended in green.
The BSE IT Index closed flat at 4,348.62. Satyam, HCL Tech, Tech Mahindra, Infosys closed lower.
The BSE realty Index lost 3% at 9,085.47. Unitech, Phoenix Mills, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 17784.95 crore and the NSE F&O turnover was at Rs 83677.53 crore. The BSE cash turnover was Rs 7468.09 crore. Total market wide turnover was at Rs 108930.57 crore.
Source:moneycontrol.com
Intraday Calls for 25th September
Market may open flat to positive but profit booking expected at higher levels near 17000 for sensex & 5000 for nifty.
Buys for intraday:
IDFC (147)
IDBI (155)
LIC Housing Finance (219)
Bank of India (263)
RCOM (598)
Petronet LNG (78)
Escorts (115)
Colgate (408) Buy above 412
Gail (375)
Ispat Industries (27)
Visa Steel (35)
Haldyn Glass (75)
Ashok Layland (40)
Good Luck
Buys for intraday:
IDFC (147)
IDBI (155)
LIC Housing Finance (219)
Bank of India (263)
RCOM (598)
Petronet LNG (78)
Escorts (115)
Colgate (408) Buy above 412
Gail (375)
Ispat Industries (27)
Visa Steel (35)
Haldyn Glass (75)
Ashok Layland (40)
Good Luck
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