Market may open down. Market may up between 11.00 and 11.20 Market may steady or up side between 12.00 and 12.30. Market may close at up to previous closing.
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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
CAIRN - Cairn India Limited
DISHTV - Dish TV India Limited
ROLTA - Rolta India Ltd.
INFOSYSTCH - Infosys Technologies Ltd.
On 21st August 2008 - The BSE Sensex closed at 14,243 (down 434 points) while the NSE Nifty closed at 4,283 (down 131 points).
Opening Bell Call
Sell
TECHM - Tech Mahindra Limited
RPL - Reliance Petroleum Limited
IFCI - IFCI Limited
RNRL - Reliance Natural Resources Limited
MTNL - Mahanagar Telephone Nigam Ltd.
Technical Analysis for 22nd August 2008
BSE-SENSEX - Major Support - 14363, 14222, 14080, 13999, 13918, 13695, 14373, 13250
BSE-SENSEX - Major Resistance - 14444, 14525, 14667, 14808, 15030, 15253, 15475, 15698
NSE-NIFTY - Major Support - 4324, 4277, 4230, 4203, 4177, 4103, 4030, 3956
NSE-NIFTY - Major Resistance - 4350, 4377, 4424, 4471, 4544, 4618, 4691, 4765
Sensex Technical View :
EARLIER CHART
In one of the previous charts it was discussed that after booking at 15500 + one should now be watching 14950 and 15800 as a trigger. A rising wedge formation as shown if broken has always resulted into dips /cracks on the index.
Technically supports as before are placed at 13700/14050 /14400 ( broken) . Till markets dont give a close below 13700 it could remain in a tight range with an upside cap around 15500-15800 for some time as we have discussed before that the current corrective upmove should last 50 odd sessions which is almost 10 weeks from 12500.
TIME ANALYSIS CHART -- says 50 sessions of corrective upmove
PRICE ANALYSIS CHART -- 15450 was the target accordingly.
Market Observations and Thoughts - (Few lines would be there in this section now onwards which is not a recommendation but a view , take your own call).
Lot of selling was seen in the banking, financial stocks in last two days possibly on expectation of a bad inflation no which came around 12.63 inline with expectations but yet again a new high. Market men expect the no to go up till 13-13.5 before peaking out. Small PSU Banks have limited downside accumulate on dips - all bank,dena,andhra etc.In the financials IDFC below 88 could drop to 78 -80 which would be a good price to buy if it comes !
Crude as expected has given a sharp bounce from 112 levels and go up till 122-124 only a move above 128 would be a problem . Gold 780-840 is a range for some time it seems.
Stocks to watchout for :
Rolta investors can look to buy if it comes to 300-310 or above 345 with a medium term view stop of 290 if u buy on lower side.
SBI one of the favourites which was advised in the correction and has bounced 40-50 % from the lows and then profit booking advised can now be re entered partially at 1250-1300 if it comes.
Tata Steel has a crucial support at 560-580 which is very important for medium term. A close below 550 could take it to 450 ! . So strategy could be to buy with a 10-30 rs stop for a bounce.
EARLIER CHART
In one of the previous charts it was discussed that after booking at 15500 + one should now be watching 14950 and 15800 as a trigger. A rising wedge formation as shown if broken has always resulted into dips /cracks on the index.
Technically supports as before are placed at 13700/14050 /14400 ( broken) . Till markets dont give a close below 13700 it could remain in a tight range with an upside cap around 15500-15800 for some time as we have discussed before that the current corrective upmove should last 50 odd sessions which is almost 10 weeks from 12500.
TIME ANALYSIS CHART -- says 50 sessions of corrective upmove
PRICE ANALYSIS CHART -- 15450 was the target accordingly.
Market Observations and Thoughts - (Few lines would be there in this section now onwards which is not a recommendation but a view , take your own call).
Lot of selling was seen in the banking, financial stocks in last two days possibly on expectation of a bad inflation no which came around 12.63 inline with expectations but yet again a new high. Market men expect the no to go up till 13-13.5 before peaking out. Small PSU Banks have limited downside accumulate on dips - all bank,dena,andhra etc.In the financials IDFC below 88 could drop to 78 -80 which would be a good price to buy if it comes !
Crude as expected has given a sharp bounce from 112 levels and go up till 122-124 only a move above 128 would be a problem . Gold 780-840 is a range for some time it seems.
Stocks to watchout for :
Rolta investors can look to buy if it comes to 300-310 or above 345 with a medium term view stop of 290 if u buy on lower side.
SBI one of the favourites which was advised in the correction and has bounced 40-50 % from the lows and then profit booking advised can now be re entered partially at 1250-1300 if it comes.
Tata Steel has a crucial support at 560-580 which is very important for medium term. A close below 550 could take it to 450 ! . So strategy could be to buy with a 10-30 rs stop for a bounce.
Nifty is going to be weak as long as it trades below 4324, it can fall to 4218 for the day.
if u look at the chart, the lower trend line is at 4218, if tht gets broken markets would get very weak in the short term.
so keep a watch on 4218 future levels for the day.
Nifty :: Once again Nifty enter in strong, last breakout level, supports zone.. Made an engulfing bear candle in down trend.. May be its bullish sign, as per technical for bullish structure required next candle close above last candle red body.. In one level above 4303 momentum seems up, below 4275 momentum down.. Our strategy for 22nd Aug. in support zone buy on dip (S.L 4208) Sell at high (S.L 4400).. Resistance for up move at 4303/4316/4365/4380/4390/4400.. Supports at 4275/4258/4220/4208/4118… (Oil And Gold both enter in strong resistance zone)
The Indian market opened on weak note and fell sharply in the second half session and close in deep red zone. For coming session we can see more selling pressure and nifty can test 4264-4200 on the other side 4331-4370 will act as resistances zone
p for its likely course of action ahead of expiry week: Nifty is likely to test 4200 levels.
2. Make money with stock tips as results is visible for you to assess daily: KS oil gave a profit of Rs 310, Torrent power gave a profit of Rs 260, Opto circuit gave a profit of Rs 535 , Polaris software gave a profit of Rs 350and BATA did not reach the entry price set up and thus trade was not executed. All profit being given is calculated as per NSE prices and is for 100 shares traded as per plan.
3. Make money with Strong Future Stocks data
AIA Engg
Strides Arcolab
Ansal Prop & Infrastructure
Rolta
Polaris
Everest Kanto
Escorts
Balrampur
Bata
MPHASIS
4. Be alert with Weak future stocks data
Housing Dev &In
NDTV
Rel Comn
Bombay Dyeing
Amtek Auto
Aban LLyod
Bongaigaon
Infra Dev Finance
Moser Baer
Lanco Infra
5. Free breath taking Trading tips for stock trading which produce profit
Selan Exploration : (264.55) Buy SELAN above 260 for a short term target of 275-280. Stoploss at 248.
ONGC : (1010.30) Sell ONGC below 1020 for a target of 973-955. Stoploss at 1030.
BPCL : (300.20) Sell BPCL below 304 for a target of 285. Stoploss at 318.
Sensex : (14243.73) Today Sensex face resistance at 14374, if cross 14374 then goes up to 14548-14853. Sensex find support at 14069, if 14069 break then panic selling started and Sensex fall up to 13895-13700.
Nifty : (4283.45) Today Nifty face resistance at 4315, if cross 4315 then goes up to 4358-4434. Nifty find support at 4239, if 4239 break then fall up to 4195-4159.
Nifty :: Once again Nifty enter in strong, last breakout level, supports zone.. Made an engulfing bear candle in down trend.. May be its bullish sign, as per technical for bullish structure required next candle close above last candle red body.. In one level above 4303 momentum seems up, below 4275 momentum down.. Our strategy for 22nd Aug. in support zone buy on dip (S.L 4208) Sell at high (S.L 4400).. Resistance for up move at 4303/4316/4365/4380/4390/4400.. Supports at 4275/4258/4220/4208/4118… (Oil And Gold both enter in strong resistance zone)
The Indian market opened on weak note and fell sharply in the second half session and close in deep red zone. For coming session we can see more selling pressure and nifty can test 4264-4200 on the other side 4331-4370 will act as resistances zonep for its likely course of action ahead of expiry week: Nifty is likely to test 4200 levels.
2. Make money with stock tips as results is visible for you to assess daily: KS oil gave a profit of Rs 310, Torrent power gave a profit of Rs 260, Opto circuit gave a profit of Rs 535 , Polaris software gave a profit of Rs 350and BATA did not reach the entry price set up and thus trade was not executed. All profit being given is calculated as per NSE prices and is for 100 shares traded as per plan.
3. Make money with Strong Future Stocks data
AIA Engg
Strides Arcolab
Ansal Prop & Infrastructure
Rolta
Polaris
Everest Kanto
Escorts
Balrampur
Bata
MPHASIS
4. Be alert with Weak future stocks data
Housing Dev &In
NDTV
Rel Comn
Bombay Dyeing
Amtek Auto
Aban LLyod
Bongaigaon
Infra Dev Finance
Moser Baer
Lanco Infra
5. Free breath taking Trading tips for stock trading which produce profit
Buy Cairn>246.1,247,250 stop loss 244
Buy Sanghvi Movers>222.1,224,228,236 stop loss 218.8
Buy Polaris software>105.5,107,109 stop loss 102.5
Tribhuvan Housing:-Another multibagger? Posted: 21 Aug 2008 08:39 AM CDT Got another operator call.Sharing it with you people but do take in consideration that these are not my views and am no way related to it.Buy or opt for it at your own risk. Scripscan:Tribhuvan Housing Ltd Bse code:531703 Cmp:25 Target:100 Story:Buy this multibegger stock, it has being taken over by SIGRUN REALITIES.There will be a reverse merger and open offer soon.Just grab this stock by |
| Posted: 21 Aug 2008 08:21 AM CDT Legendary investor Peter Lynch believes retail investors, through their hands-on experience,can make fairly smart investment decisions —at times smarter than those made by analysts and fund managers. An oft-quoted instance is that of Mr Lynch buying a company that makes lingerie,after his wife mentioned how popular the brand was with women. Stretch that logic, and retail investors at this point |
| Shanthi Gears:-Takeover candidate? Posted: 21 Aug 2008 02:18 AM CDT Scripscan:Shanthi Gears Ltd cmp:70 Traded in:NSE-BSE Why to buy:Takeover candidate Story:Shanthi Gears is engaged in the business of manufacturing and distribution of gear boxes, gear wheels, geared motors, drafting units and conversion brackets.The company also distributes spares and complete sets of head stock gearing end conversions, coilers and related accessories and spare parts.The net |
| Nectar Lifescience:-A solid growth story Posted: 21 Aug 2008 01:48 AM CDT Scripscan:Nectar Lifescience Ltd Cmp:335 Traded in:Nse-Bse Story:Nectar Life Sciences Ltd, a leading manufacturer and exporter of sterile cephalosporins and sterile semi synthetic penicillin in India offers services in three main categories -process development services, bulk product manufacturing and finished product manufacturing.Nectar has presence across the entire value chain from |
| Posted: 20 Aug 2008 10:48 PM CDT Scripscan:Titan biotec Cmp:18 Code:524717 Story:TITAN BIOTECH LIMITED is certified under ISO 9001. The company has ultra modern production facilities incorporating state-of-the-art technology at Bhiwadi, Rajasthan- 60 k.m. away from the International Airport of Delhi in an area of 80000 sq.ft.The company has developed more than 400 Dehydrated Culture Media, Media Basis, and special type of |
Selan Exploration : (264.55) Buy SELAN above 260 for a short term target of 275-280. Stoploss at 248.
ONGC : (1010.30) Sell ONGC below 1020 for a target of 973-955. Stoploss at 1030.
BPCL : (300.20) Sell BPCL below 304 for a target of 285. Stoploss at 318.
Sensex : (14243.73) Today Sensex face resistance at 14374, if cross 14374 then goes up to 14548-14853. Sensex find support at 14069, if 14069 break then panic selling started and Sensex fall up to 13895-13700.
Nifty : (4283.45) Today Nifty face resistance at 4315, if cross 4315 then goes up to 4358-4434. Nifty find support at 4239, if 4239 break then fall up to 4195-4159.
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