STOCK TIPS TODAY 10-12-08

ICICI BANK

BUY around 370 and exit surely around 380

REL INFRA

BUY around 550 and exit surely around 575

CAIRN

BUY around 144 and exit surely around 150

TATA POWER

BUY around 686 and exit surely around 700

NTPC

BUY around 164 and exit surely around 172

NEYVELI

BUY around 55 and exit surely around 70

LICBUY above 218 only and exit surely around 230

STOCK TIPS TODAY

STOCK TIPS TODAY


SAIL & WELSPUN GUJ:
Looks good. Buy.

TISCO: (187) 196.50-200 crucial resistance area to watch out for.

UNITECH: (30.25) Crossover above 31 it'll explode & rocket like up move will be seen.

HDIL: (92) Expect 96.50, 100 & 106. Book profit on higher levels.

LITL: (128) Buy.

BHEL: (1357) Buy.

KOTAK Bank: (355) 365-371 hurdles to watch out for. Crossover above 371 expect huge further up move.

AXIS Bank: (455) Buy.

REL CAP: (452) Buy.

SUZLON: (41.45) Buy.

RELIANCE: (1159) 1177 crucial hurdle crossover above which expect heavy fresh buying.

LARSEN: (747) 785.50 a hurdle & trend decider.

HDFC: (1509) Looks good. Buy.

CENTURY: (145) Buy.

IDFC: (61) Expect 64.50 & 67-68.

BHARTI & IDEA: Looks good.

MARKET OUTLOOK 5th Dec. 2008

MARKET OUTLOOK TODAY

Global markets present a mixed picture on varying cues.
American markets have fell in anticipation of a weak job
report. On the other hand Asian markets have rose on weak
crude oil prices that will reduce energy costs. Crude oil is set
for its biggest weekly decline since March 2003, trading near
an almost four- year low, as the economic contraction and job
losses in the U.S. cause a slump in fuel demand. Crude oil is
currently trading at around a $43 a barrel. Indian markets are
likely to open in a narrow range.
Today the Critical level for upside is 2810 and if the index
sustains above this level, bullish sentiment can be extend
towards the major Resistance at 2860.The first support for the
day is at 2760 and the downside major support is at 2710.


Global Market Scenario:

Stocks tumbled as a rash of job cuts at major companies added to
jitters ahead of the November jobs report. The Dow Jones industrial
average ended down 215 points. The Standard & Poor's 500 index fell
2.9% and the NASDAQ composite retreated 3.1%.
Crude oil is at $43.66 a barrel and Gold is at $769 an ounce.
European shares ended lower on Thursday as a slew of grim economic
and company news flagged tough times ahead after steep rate cuts by
the European Central Bank, the Bank of England and Sweden's
Riksbank. Across Europe, the FTSE 100 index was 0.2 percent lower,
Germany's DAX fell 0.07 percent and France's CAC 40 was 0.2
percent lower.
Asian stocks rose as speculation slumping oil prices will reduce
energy costs and spur consumer spending countered a retreat by
mining companies and energy producers. Japan’s Nikkei 225 is up by
0.58% and Hong Kong’s Hang Seng rose 2.29% in the morning trade.
Data about unemployment rate is expected from US today.

Indian Stock Market Weekly Report

The week that went by

The Indian markets continued the selling during the major part of the week, but recovered a on the last day. NSE Nifty, after opening around
2813, have fell considerably to the week’s low of 2502.9; however, recovery emerged in the market from those levels and the index closed at
2693.45, shedding 117 points from the last week.
BSE Sensex lost 470 points to close at 8915.

Technical Outlook :

The Indian market Indices have recovered slightly during the last sessions of the week’s trading.
NSE Nifty have recovered after testing 2502. It is worth mentioning that the first target of the recent downside was 2550.
The current pull-back from the low is expected to continue in first part of the coming week, but selling will emerge from higher levels. This
upside has a normal target of 2755. However, the market is not expected to cross 2860; before this another downside can start.

Week Ahead :
The global cues will once again direct the Indian indices. The F&O expiry in the next week will make the trading more volatile. The FIIs are
continuing the selling in the market, which is another cause of concern.
Market need to be expected to continue the recovery in the opening days, however, selling will emerge in the latter half of the day.

Sensex Technical

05th November 2008.

SENSEX : Crossover above 10800 expect 11055 & 11257.

NIFTY: A close above 3246 NF will move up to 3477.


BSE index: (10631) Consider 10392 a solid support, keep stop loss of 10116 to your buys now.
Upward side it'll rush up to 10700 & 10795 initially. Crossover above 10795 it'll shoot up to 11055 & 11257.
Downward side break below 10116 it'll turn weak & fall down to 9775.


Nifty Future: (3150) Consider 3085 a solid support, keep stop loss of 2993 to your buys.
Upward side it'll rush up to 3182 & 3246 initially. Consider 3246 a crucial hurdle.
A close above 3246 it'll sustain on higher levels & shoot up to 3477.
Downward side break below 2993 it'll turn weak & fall down to 2880 & 2810.

STOCKS TO WATCH

REL PET: (94) Looks fantastic. Expect 97.50 initially crossover above which expect further huge up move.

REL CAP: (739) Grab it at an opening bell.

RCOM, RNRL, ADLABS & REL INFRA: Looks good only. Remain long. Crossover above 562 in REL INFRA expect further huge up move.

REL INFRA: (535) Expect 562 initially which is a crucial hurdle & trend decider for the day.

SBI & BOB: After initial up surges, some profit booking from higher levels will underway.


ICICI Bank: (459) Looks good. 485 a minor hurdle to watch out for.

KOTAK Bank: (422) 455 a hurdle to watch out for.

YES Bank, INDUSIND, KTK & IDFC: Looks good.

SUZLON, JP HYDRO, SIEMENS & L&T: Buy.

DLF: (290) Now crossover above 306 expect 352.

UNITECH: (56) Buy.

JSWSL & TISCO: Buy.