Up move to continue. Buy on every decline.
For today watch out for hurdles at 15255 & 4568.
BSE index: (14050) Consider 14824 a nearest & 14672 a solid support, keep stop loss of 14672 to your buys.
Upward side it'll rush up further to 15143 & 15255 initially. Watch out for 15255 as it's a crucial hurdle.
Crossover above 15255 it'll spurt up heavily to 15343 & there after to 15520 which is a last crucial resistance.
Nifty: (4504) Consider 4467 a solid support. Upward side it'll spurt up further to 4568 which is a crucial hurdle to watch out for where some profit booking not ruled out.
Crossover above 4568 it'll spurt up further to 4596 & 4641 which is a last crucial resistance.
Downward side break below 4467 it'll fall down correctively to 4432 & 4408. Buy or remain long keeping stop loss of 4400.
Nifty SEP FUT: (4516) Expect it to rush up further to 4548-4563 & 4582 which is a solid resistance area where profit booking not ruled out.
Crossover above 4582 it'll spurt up further to 4658 & 4698.
Downward side 4486 a nearest & 4447 solid support. Break below 4447 it'll fall down correctively to 4410. Buy on every decline keeping stop loss of 4380.
STOCKS TO WATCH
ICICI Bank: (713) Looks good only. Now watch out for hurdle at 733.
AXIS Bank: (760) Looks good only. Watch out for hurdle at 777.
KOTAK Bank: (650) Looks good. Buy. Crossover above 683 expect 720.
SBI: (1521) 1546 a hurdle & trend decider for the day.
BHEL: (1785) Crossover above 1823 expect 1900.
REL INFRA & RCOM: Looks good, buy on declines.
PATEL ENGG: (422) Buy.
L&T: (2680) Buy.
STRIDES ARCO: (203) Buy.
JP ASSO: (173) Crossover above 175 expect 184.
BOI: (285) Book profit on higher levels.
-DHARMESH BHATT
The only name in 100% pure technical analysis.
Email: shivaam2003@yahoo.com
Thursday, September 4, 2008
Tuesday, September 2, 2008
Stock Tips Today
BHEL: (1722) Buy. Crossover above 1740 huge up move will start.
SBI: (1416) Expect 1449 & 1472. Book profit on higher levels.
BOI: (272) Looks good only.
ICICI Bank, KOTAK & AXIS Bank: 650, 583 & 698 solid supports now. Buy or remain long.
PUNJ LLOYD: (311) Looks good only. Remain long. Expect 332.
JP ASSO: (162.50) Looks good.
STRIDES ARCO: (198) Buy. Crossover above 206 huge buying will be seen.
SBI: (1416) Expect 1449 & 1472. Book profit on higher levels.
BOI: (272) Looks good only.
ICICI Bank, KOTAK & AXIS Bank: 650, 583 & 698 solid supports now. Buy or remain long.
PUNJ LLOYD: (311) Looks good only. Remain long. Expect 332.
JP ASSO: (162.50) Looks good.
STRIDES ARCO: (198) Buy. Crossover above 206 huge buying will be seen.
Nifty / Sensex technical analysis
Crossover above 14587 & 4369 heavy fresh buying will underway.
Crossover above 4400 NIFTY FUT will shoot up to 4460, 4515 & 4557.
14281 & 4281 solid supports...Buy on every decline.
Banking, select metal, select real estates look extremely hot.
BSE index: (14499) Buy or remain long considering 14414 a solid support keeping stop loss of 14281.
Upward side crossover above 14587 it'll spurt up very heavily to 14694-14712 & there after to 14814 & 14908.
Nifty: (4348) Buy or remain long considering 4323 a solid support keeping stop loss of 4281.
Upward side crossover above 4369 it'll shoot up to 4408-4417 & there after to 4449 & 4471.
Nifty SEP FUT: (4360) Buy or remain long considering 4321 a solid support keeping stop loss of 4275.
Upward side crossover above 4380 it'll shoot up to 4400 & there after to 4424, 4460 & 4516, 4557.
Crossover above 4400 NIFTY FUT will shoot up to 4460, 4515 & 4557.
14281 & 4281 solid supports...Buy on every decline.
Banking, select metal, select real estates look extremely hot.
BSE index: (14499) Buy or remain long considering 14414 a solid support keeping stop loss of 14281.
Upward side crossover above 14587 it'll spurt up very heavily to 14694-14712 & there after to 14814 & 14908.
Nifty: (4348) Buy or remain long considering 4323 a solid support keeping stop loss of 4281.
Upward side crossover above 4369 it'll shoot up to 4408-4417 & there after to 4449 & 4471.
Nifty SEP FUT: (4360) Buy or remain long considering 4321 a solid support keeping stop loss of 4275.
Upward side crossover above 4380 it'll shoot up to 4400 & there after to 4424, 4460 & 4516, 4557.
Monday, September 1, 2008
Stock Tips this week 1st Sep. 2008
Stock Tips this week 1st Sep. 2008
Stocks to Watch
AXIS Bank: (723) Buy on declines. 695 & 683 solid supports.
KOTAK Bank: (605) Buy on declines. 583 & 573 solid supports.
ICICI Bank: (672) Buy on declines. 666 & 646 solid supports.
BOI: (267) Buy on declines.
SBI: (1403) 1422 a hurdles to watch out for.
REL CAP: (1374) 1389 & 1460 crucial resistance & trend decider.
RELIANCE: (2137) Looks still weak. 2145 & 2191 solid resistances. 2007 a crucial support to watch out for in panic.
PUNJ LLOYD: (302) Buy on declines. Crossover above 306 huge up move will be seen.
Stocks to Watch
AXIS Bank: (723) Buy on declines. 695 & 683 solid supports.
KOTAK Bank: (605) Buy on declines. 583 & 573 solid supports.
ICICI Bank: (672) Buy on declines. 666 & 646 solid supports.
BOI: (267) Buy on declines.
SBI: (1403) 1422 a hurdles to watch out for.
REL CAP: (1374) 1389 & 1460 crucial resistance & trend decider.
RELIANCE: (2137) Looks still weak. 2145 & 2191 solid resistances. 2007 a crucial support to watch out for in panic.
PUNJ LLOYD: (302) Buy on declines. Crossover above 306 huge up move will be seen.
Weekly Trading Highlights. 1st sep. 2008.
The week that went by
Sensex rose 163.04 points or 1.13% to 14,564.53 in the week ended Friday, 29 August 2008. The S&P CNX Nifty gained 32.55 points or 0.75%
at 4,360 in the week. Foreign institutional investors (FIIs) sold shares worth Rs 1,211.70 crore in August 2008 (till 28 August 2008). FIIs sold
shares worth Rs 28,513.60 crore in the calendar year 2008. Mutual funds sold shares worth Rs 700.40 crore in August 2008 (till 27 August
2008). The gross domestic product (GDP) grew 7.9% in the June 2008 quarter from a year earlier, easing from the previous quarter's 8.8% rise
as industrial activity slowed due to monetary tightening. The GDP growth in the first quarter of the current fiscal year was lower than market
expectations of a rise of a little above 8%. The government released the GDP data during trading hours on Friday, 29 August 2008.
Technical Outlook :NSE Nifty (Last Closing: 4360.00)
Last week was a highly volatile trading week. After a positive opening, Nifty and Sensex witnessed a huge sell off, before recovering a portion
of the loss during the last trading day. Market is expected to remain volatile in the coming week also.
Technical Indicators like Stochastic Oscillators are indicating slight recovery from these levels. However, MACD is still in the selling mode. RSI
has closed above 50 points mark.
Market is expected to continue the recovery in the opening half of the coming week. Selling is expected to emerge from the higher levels.
For NSE Nifty, 4400 is likely to act as the critical resistance level for the coming days. A close above this is not expected at this point of time.
However, a close above this will find next resistance at 4480.
4300 will be the Critical level for the coming week. If falls and sustains below this, 4195 will be the downside support, followed by 4050.
Week Ahead :
The market may extend Friday’s (29 August 2008) strong gains triggered by softening inflation. Inflation has been a major cause of worry for
the domestic markets since the past few months. Market will also take cues from another meeting of Nuclear Suppliers group in Vienna that
begins on 4 September 2008. Market will closely watch developments on the Indo-US nuclear deal. As per reports, Japan plans to support a
civil nuclear accord between the US and India. Japan will back the deal, at a two-day session of the Nuclear Suppliers group (NSG) in Vienna
that begins on 4 September 2008. US plans to sell nuclear power plant technologies and fuel to India under a bilateral nuclear cooperation
agreement. All 45 members of the Nuclear Suppliers Group including Japan must approve the nuclear accord, which the US Congress must
also pass for the deal to come through.
_Report from JRG SECURITIES Official Website
Sensex rose 163.04 points or 1.13% to 14,564.53 in the week ended Friday, 29 August 2008. The S&P CNX Nifty gained 32.55 points or 0.75%
at 4,360 in the week. Foreign institutional investors (FIIs) sold shares worth Rs 1,211.70 crore in August 2008 (till 28 August 2008). FIIs sold
shares worth Rs 28,513.60 crore in the calendar year 2008. Mutual funds sold shares worth Rs 700.40 crore in August 2008 (till 27 August
2008). The gross domestic product (GDP) grew 7.9% in the June 2008 quarter from a year earlier, easing from the previous quarter's 8.8% rise
as industrial activity slowed due to monetary tightening. The GDP growth in the first quarter of the current fiscal year was lower than market
expectations of a rise of a little above 8%. The government released the GDP data during trading hours on Friday, 29 August 2008.
Technical Outlook :NSE Nifty (Last Closing: 4360.00)
Last week was a highly volatile trading week. After a positive opening, Nifty and Sensex witnessed a huge sell off, before recovering a portion
of the loss during the last trading day. Market is expected to remain volatile in the coming week also.
Technical Indicators like Stochastic Oscillators are indicating slight recovery from these levels. However, MACD is still in the selling mode. RSI
has closed above 50 points mark.
Market is expected to continue the recovery in the opening half of the coming week. Selling is expected to emerge from the higher levels.
For NSE Nifty, 4400 is likely to act as the critical resistance level for the coming days. A close above this is not expected at this point of time.
However, a close above this will find next resistance at 4480.
4300 will be the Critical level for the coming week. If falls and sustains below this, 4195 will be the downside support, followed by 4050.
Week Ahead :
The market may extend Friday’s (29 August 2008) strong gains triggered by softening inflation. Inflation has been a major cause of worry for
the domestic markets since the past few months. Market will also take cues from another meeting of Nuclear Suppliers group in Vienna that
begins on 4 September 2008. Market will closely watch developments on the Indo-US nuclear deal. As per reports, Japan plans to support a
civil nuclear accord between the US and India. Japan will back the deal, at a two-day session of the Nuclear Suppliers group (NSG) in Vienna
that begins on 4 September 2008. US plans to sell nuclear power plant technologies and fuel to India under a bilateral nuclear cooperation
agreement. All 45 members of the Nuclear Suppliers Group including Japan must approve the nuclear accord, which the US Congress must
also pass for the deal to come through.
_Report from JRG SECURITIES Official Website
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