The Nifty Daily

Please Note : (For intraday traders please book a profit on a

Rs. 1 - 2 - 3 gain from each stock , do not wait for all the

targets since targets mentioned are not only for Intraday

traders but also for delivery based investors/traders , Please

consider Stop losses mentioned. For succesful intraday

trading following our scripts mentioned below , the best buying

time would be early morning just after the early morning bell)


Buy

Wheels India with SL Rs.236 the stock shows an increase in

buying pressure from the start of this month, and one should

expect returns on this stock after March 2010. This Stock has

very strong support which lies at Rs.211. It is possible that you

may see gains on this stock within the month of March, we

suggest you book profits on a 5%-10% gain with news ahead,

or keep it in your portfolio for a month for a gain of

approximately 17%.

(Intraday) This stock can also be traded for intraday based

trade for the 5th march 2010 only. (Delivery Recommended)

For Intraday traders , please book profits on gains of Rs.2 or

Rs.3 on the stock .
-----------------------------------------------------------------------------------------

We would also suggest buying Welspun India, the current

market price for this stock is at Rs.90.3 ,

This stock should be only purchased at an exact price of

Rs.91.30 or a few cents above the price. eg. Rs.91.50- 91.70
with a target price of Rs.102 , Maintain Stop Loss at Rs.82

For Intraday traders make sure you maintain a stop loss of

Rs.87.9 and book profits on Rs.1-2 gain .

-----------------------------------------------------------------------------------------

Buy Welspun Gujarat , with a target price of Rs.266 , Rs.269

and Rs.273.90 with a Stop loss of Rs.253 (Intraday & delivery )

Buy VST Industries CMP Rs.485 , with a target of Rs.500
(Intraday & delivery)

Buy Voltamp Transformers CMP Rs.890 , with a target of

Rs.899 and Rs.929 and above ** , Maintain a stop loss of

Rs.877
(Intraday & Delivery)

Buy Vishal Retail CMP. Rs.63 , with targets of Rs.69 and a

strict SL of Rs.62 (Intraday & delivery)

Buy VIP Industries CMP Rs.257 , with a target price of Rs.262

(Intraday & delivery) , SL at Rs.255

Buy Viceroy Hotels Cmp. Rs. 44 , with targets of Rs.47 ,

Rs.47.5 and Rs.49.90 . SL at Rs.40
(Intraday and Delivery)

Buy TVS Srichakra CMP.Rs235 . (intraday) SL at Rs.225

Buy TRF CMP . Rs.917 , with a target of Rs.965 and a very

strict SL of Rs.897 (intraday & delivery) ---- We Do not have

any positions in this stock, neither do any of our client(s).

Buy Torrent Power Cmp. Rs.304 , targets Rs.310 , Rs.312 ,

and 319.90 , Stop loss at Rs.300 (Intraday & delivery)

Buy Time Technology CMP. Rs.47.30 , with Stop loss of

Rs.46.60 and a target of Rs.50 and Rs.52(intraday & delivery)

Buy Themis Medicare Cmp.Rs.189.6 , this stock had very

strong buying pressure yesterday, which had opened early

morning at Rs.175 just above the 50 day moving average and

touched a high of Rs.194 , this stock looks like a breakout and

since it has been trading in a range from 170 to 190 since

January 2010 , we are looking at an upside of Rs.190 and

above for tomorrow, we are very likely to break above this level

of Rs.200 . (We do not have any positions in this stock ,

neither do our client(s) )

Buy Tata Tea , Cmp. Rs.978 with targets of Rs.990 and

Rs.1025 (Delivery Based & Intraday) Maintain a Stop loss of

Rs.957 , major support lies at Rs.932

Buy Tata Sponge above Rs.346 Cmp.Rs.343 , with a target

price of Rs.356 and rs.375 (Intraday and delivery)

Buy Tata Metaliks Target Rs.165 (Intraday Only)


Buy Surya Pharma (Possible breakout today)
Cmp.Rs.166 , buy at current market price , sell at new high's
maintain a stop loss of Rs.160

Buy Supreme Infra Above Rs.180.70 , with targets of Rs. 187

and Rs.195 (Intraday & delivery)
Intraday Traders can book profits at Rs.183 from buying at

CMP.

Buy Sunflag iron , CMP Rs.30.95 , with targets of Rs.32
(intraday & delivery)

Buy Spice Telecommunication Above Rs.60.70 , with targets

of Rs.68 , SL at Rs.57

Buy Simplex Project Cmp Rs.210 , with a target of Rs.228 and

Rs.310
Maintain a very strict stop loss of Rs.210 only.

Below Rs.210 stock May go down towards 182.
this stock does not have any volume and is an operator based

script, together! we can bring it up!

Buy Renaissance Jewellery CMP Rs.74 , SL at Rs.72.25 and target of Rs.80 (Intraday only)

Market watch

Larsen & Toubro to Hit Rs.1795 , buy at CMP 1600

Reliance to reach 2283

our target of Nifty 5200 remains.

Markets will remain volatile until the end of october .

Commodity prices rose modestly last week amid weakness in USD. Reuters/Jefferies CRB Index added +1.4% while USD Index plunged almost -2% to 76.6, the lowest close in a year. Commodities normally trade in opposite direction with the dollar.

The generation-low interest rate in the US (Fed funds rate: 0-0.25%) has caused massive selloff in USD. Against the euro, the greenback plunged for 4 out of 5 trading days and closed -1.9% lower at 1.457, the lowest level in 9 months, for the week. Against the pound, USD also slid -1.6% to 1.6655, a 1-month low, last week.

There were 3 central bank meetings last week. All of the RBNZ, BOE and BOC left interest rates unchanged at 2.5%, 0.5% and 0.25% respectively during the meetings but policymakers indicated brighter economic outlooks for 2H09 and 2010.

In the coming week, the BOJ and SNB will decide on rates. We believe both banks will leave policy rates unchanged at 0.1% and 0.25% respectively. This would leave the markets range bound before the release.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------

After spiking to 72.9, crude oil tumbled to as low as 68.8. The October contract plunged -3.9% to settle at 69.12 Friday, leaving this week's gain to +1.2% only. The black gold's decline Friday was accompanied by the dollar's weakness and strong US economic data. These were in contrary to the usual inverse relationship between commodities and USD.

Crude oil started the week with strong rally but ended it with a slump. We believe the reversal was not only due to profit-taking but also a delayed reaction to the industry news/data released during the week.

Both the industry-sponsored API and the US Energy Department reported huge draw in crude oil inventory but surprising increase in gasoline and distillate stockpiles. Although decline in crude inventory positive, surges in fuel storage should have more than offset bullishness.

Gasoline stockpile rose +2.1 mmb last week to 207 mmb. This had not only come in contrary to consensus of a draw but also halted the 6 consecutive weekly declines. In fact, we believe further increase in stockpile will follow in coming months due to the normal shoulder season in the 4th quarter. Distillate stockpile gained for the 3rd consecutive week. Since 3Q09, inventory has risen for 8 out of 10 weeks. As winter comes, demand for heating oil should increase but this may not be the case this year. Meteorologists suggested the possibility of El Nino which may bring a warmer-than-expected winter in the Northern Hemisphere this year.

OPEC concluded September's meeting and announced to keep production quotas unchanged Wednesday. Apparently, the meeting was a non-event as the outcome was widely anticipated. However, comments from member countries, especially Saudi Arabia, suggested OPEC's goal to tighten stock level has been dropped.

After the meeting, Saudi Arabia's oil minister Ali al-Naimi commented that 'we are enjoying a good, fair price' and 'Inventories are irrelevant, they can be 70 days... It has no bearing on price'. This was compared with the comment in May that industry-held stockpiles in developed nations needed to be brought down to the equivalent of about 52 to 54 days worth of consumption, from 62 days. Concerning compliance, Ali al-Naimi did not see the need to put pressure on overproducing members as 'people are complying anyway, 70% compliance is great'.

Obviously, the members were satisfied with the current price level and Saudi Arabia explicitly mentioned that the current 68-73 level is 'going to be there for a while'. Giving the OPEC's significance in affect oil price, we do believe that the current price level can hold in the medium term. The members will increase output should oil price increases. When price drops, say below 60, large producers such as Saudi can reduce supplies, thereby limiting the fall. In this way, crude oil price will consolidate for some time, given global economy improves in a gradual but uncertain manner.

Eur/usd Outlook

Eur/usd outlook for Monday


Eur/USD for monday is good to buy above 1.4194 . and short below 1.4194 , its a pivot point.
1.4383 should be your target .
If below 1.4194 , the target should be 1.4027

The Nifty Daily

The Nifty Daily


After the Fed's decision to hold interest Rates at 0 % , currently at 0.25% , Oil and Base metals including precious metals fell due to a stronger dollar . Resistance Nifty 4436 T1 Nifty 4664 T2 Nifty 5000 T3 Nifty 5200 T4 Support Nifty 4183 Nifty 3900 Looking at the Daily nifty Chart, it looked like a volatile day ahead, The markets crashed to 4226 levels, because of a stronger USD. ------------------ Bulls Will be Back . We expect july to be a positive month , July would bring nifty to its 5200 levels, with the prices of oil rising to $76 USD from its current price of $66 USD The economic outlook looks much better , this month should also be good for precious metals and bse metals, We should see huge volumes in Gold ETF funds, and most of the people who cancelled their SIP plans are already starting to rush back picking them up again . Gold SIP plans are the hottest this year. Since the production on gold has stalled , and due to incresing demand in gold , we should see its prices by about $1200 by the end of december. or perhaps much before , don't be surprised to see gold hitting $1036 before the month of september , We are also expecting oil to hit $117 withint september, once oil hits a target of $117 , it is possible that we could see a correction in the Equity markets during the month of October.


Nifty Weekly





The Weekly Chart shows signs of the Nifty spiking up towards 5200 , once waiting for volume to decrease, this probably would be the pre - post budget move, or perhaps the move during the budget.

Power , Infra , Healthcare , Pharma .. are secotrs which are looking good for the coming budget.
which will bring the Nifty Index towards the 5200 mark ,

Happy Trading.

NSE - BSE Stock Picks!

We Saw the market crash on Monday 8th June 2009 , which was due to the US Non - Farm Payroll's Data release which was positive for the USD .

Solid evidence of increasing in Demand for Oil , and decrease in the Inventories is neccessary to push oil above $70 , hitting $117 before September Ends.

Which in turn is positive for the economy , calculating the Bombay Sensex pivot levels according to fibonacci time frames , we see the Sensex at " 19 000 " before the month of September following the increase in the prices of Oil . And our fast growing Indian economy , I wont be surprised to see The Sensex above 31,000 before the next recession hits. Yes we are going to have re occuring recessions , I would endevour to elucidate more on how we calculate fibo time frames using Technical analysis along with a short description on couple of technical indicators in the next post .


Stock Recommendations : Get your hands on them now!

Buy UB Holdings

Above Rs.180

Target 1 . 450 . Target 2 . 500 Taret 3. 550

Buy Everonn
Systems Above Rs.405

Target 1 . 410 . Target 2 . 458

Buy Parsvnath Above Rs.90

T1 . 100 T2. 110


Buy NMDC CMP New Highs.

Buy Cat Technology CMP
Rs.5.80

T1 .10 T2. 15

Buy Triton Corporation
Rs.1.80

T1 . Rs.4 T2. Rs.10

Buy Bhushan Steel CMP -Could get you upto 10% - 20% Returns this month.

Hold Reliance CMP

T1 2300
T2 2500
T3 3500

Buy Rpower CMP

T1 190
T2 210
T3 300

Buy KS Oil CMP 90 - -







----------------------------------
CNX Nifty .

Buy Nifty Call of Rs.5200

We are expecting the Nifty Index , To touch rs.5200 which is a very strong resistance soon ,
we could possibly see a correction in the markets once 5210 has reached.

Nifty To head towards Rs.5200!! Buy Nifty Call (July only)

Uptrend In Gold Stocks !

We've done so again , we've been long from $896 ,

I would still recommend you buy shares such as . Titan , Gitanjali , AGEE gold , and a couple of more gold stocks that you can get your hands on .


Looking at the Bullish Gold Miners Index there is going to be another jump in the Gold Stocks would have to follow .
the Dow Gold Miners Index also seems to have a bull confirmed on the first week of may.

Technically Earlier the HUI Golds Bugs Index confirmed a bull in the gold prices which is why we see it at $930 and $937 USD ahead , Following Resistance . Prices of Gold will remain volatile and we could also see a slight consolidation phase ( a slight correction ) before another Spike upwards.. Commodity traders are going to find it difficult to trade the current gold prices due to sudden moves following the data listed in the economic calender.

the EUR/USD is now directly correlated to the Gold prices , We see resistance in the EUR/USD at around 1.41 , which is still a good bullish support for the Gold prices. due to weakening in the US Dollar.
----------- Gold Stocks are going to soar!! ----------------


Looking at the Technical Charts , These Gold stocks are just about to cross their 150 , and 200 day moving averages , these gold stocks are not actually according to the current prices of Gold which is at $930 .
I believe these stocks can get you good returns in a short time span, Probably within this Month.