The Indian market opened on lower-note on weak global cue and wipe out yesterday gains and close in deep red zone. For coming session 2784-2812 will act strong resistances zone on the lower side trading below 2715 it can test 2681-2651 levels .SHORT SELL TCS Stop Loss 530 Target 442
SHORT SELL Reliance Capital Stop Loss 435 Target 354
SHORT SELL ICICI Bank Stop Loss 430 Target 362
SHORT SELL DLF Stop Loss 232 Target 163
SHORT SELL Unitech Stop Loss 35 Target 24
SHORT SELL Reliance Capital Stop Loss 435 Target 354
SHORT SELL ICICI Bank Stop Loss 430 Target 362
SHORT SELL DLF Stop Loss 232 Target 163
SHORT SELL Unitech Stop Loss 35 Target 24
SHORT SELL Reliance Industries Stop Loss 1245 Target 1054
SHORT SELL Reliance Infrastructure Stop Loss 530 Target 462
SHORT SELL Infosys Technologies Stop Loss 1342 Target 1128
SHORT SELL Siemens Stop Loss 235 Target 200
SHORT SELL Reliance Infrastructure Stop Loss 530 Target 462
SHORT SELL Infosys Technologies Stop Loss 1342 Target 1128
SHORT SELL Siemens Stop Loss 235 Target 200
Nifty is trading in a range of 2700/2750 to 2800/2850 for the last 4 days after last week's big fall.
Positive divergences persisting in hourly charts. Till the hour closes above 2750, trade these ranges.
There is an immediate resistance at 2770-2780 area, above which the gap of today at 2992 -2811.There is supports at 2715-2735 area.
Break of 2700 will lead to 2650 & then to 2600.So Keep 2700 as SL for fresh longs.
If there is a positive cue, the likely trading range may be 2735 to 2785/2815/2825/2850..
Positive divergences persisting in hourly charts. Till the hour closes above 2750, trade these ranges.
There is an immediate resistance at 2770-2780 area, above which the gap of today at 2992 -2811.There is supports at 2715-2735 area.
Break of 2700 will lead to 2650 & then to 2600.So Keep 2700 as SL for fresh longs.
If there is a positive cue, the likely trading range may be 2735 to 2785/2815/2825/2850..
16/01/09
NIFTY RANG CMP 2736....BUY 2764 ...
TARGET 2791/2810/2834...&SELL BELOW 2690..
TARGET..2664/ 2642/2610.....
AS NIFTY OPENS NEAR 2700 SPOT DIRECTLY NOW READ CALL NO 2 IN THE GRAF
Nifty :: After breakdown Nifty take good support near 2720/2700 with multiple bottom in intraday chart.. Now this level works as strong support for coming days.. Below 2700 watch next strong support zone between 2666 to 2633.. Up to 2700 our strategy for 16th Jan buy on deep sell at high near 2800.. Resistance for up move at 2768/2810/2830/2850 .. Supports at 2700/2693/2666/2655/2633…
AS NIFTY OPENS NEAR 2700 SPOT DIRECTLY NOW READ CALL NO 2 IN THE GRAF LIVE CALL---nifty future is now trading at 2700 ,,u can buyy herr with 2679 as stoploss ....tgt 2750--2770 today itself...........
----- I have reduced no. of stocks because of time problems.
Important notes
1) Trading system Is useful for positional traders and short term traders.
2) It is not useful for day traders.
3) If buy call is generated then keep stoploss of 3d LMA.(reduction of 50 % is advisable if closes below 3d SMA).
4) If short call is generated then keep stoploss of 3d HMA.(reduction of 50 % is advisable if closes above 3d SMA).
5) Investors should buy nifty at the money puts whenever short call is generated in nifty to protect there portfolio.
6) Keep an eye on weekly close, as in a generated long call gives better returns if we are trading above weekly close, reverse is true for short call.
7) It is advisable to book partial profit when ever you are in good profit. 
----- I have reduced no. of stocks because of time problems.Important notes
1) Trading system Is useful for positional traders and short term traders.
2) It is not useful for day traders.
3) If buy call is generated then keep stoploss of 3d LMA.(reduction of 50 % is advisable if closes below 3d SMA).
4) If short call is generated then keep stoploss of 3d HMA.(reduction of 50 % is advisable if closes above 3d SMA).
5) Investors should buy nifty at the money puts whenever short call is generated in nifty to protect there portfolio.
6) Keep an eye on weekly close, as in a generated long call gives better returns if we are trading above weekly close, reverse is true for short call.
7) It is advisable to book partial profit when ever you are in good profit.
performance chart---------
American Stock markets make a sharp remarkable bounce back on the news of Obama’s bailout plan and rescue plan for Bank of America. Dow Jones bounced from 8,000 lows and erased most of losses despite bad news on job front and foreclosures. American Government is aggressively saving banks by providing bailout packages to escape from worst recession since 2nd world war. In India, our Ambani brothers intensified quarrelling and Central Government is busy with Satyam. Prime Minister is too busy to appoint a cabinet minister for crucial Finance Department.
Obama’s Stimulus package:
America’s new President is planning to unveil $825 billion stimulus package. Package mainly concentrated on Healthcare, education and infrastructure sectors along with tax cuts to middle class people and small businesses. He wants to rev up economy by increasing the consumption power of people. America is now reeling under recession and huge debt.
Obama’s stimulus package also includes many sops like including a further extension of jobless benefits, renewable energy provisions, new health insurance subsidies for the unemployed and an increase in food stamps. Obama pledged to create 30-40 lakh jobs in the next 2 years to save the economy from going into depression. Will he succeed?
Read more about Barack Obama’s stimulus package.
Stock market and Economic news:
1. Budget session of Parliament is to be held from February 12-26.
2. Inflation is now touched 11-month low. 5.2% Vs 5.9%.
3. GTL decided to buy back 25% of equity. Buyback Price is 260 per share. CMP: 220.
Statement of the day: “Two days ago, we wouldn’t have said that Nortel would file for bankruptcy.” said N. Chandrasekaran, COO of TCS. That is called uncertainty or unpredictability.
Satyam news:
1. Largest stake holder in Satyam, Lazard, sold 5.3% stake in open market along with Swiss Finance. Who are the buying these shares? Now, LIC is the largest stake holder in Satyam. Can we pick LIC (Government) as promoters of Satyam? Lazard now hold just 1.8% stake in Satyam.
2. PSU Banks (SBI, IDBI and BOI) decided to form an audit panel to check the irregularities in the banking accounts of Maytas Infra.
3. Government appointed 3 more new directors to Satyam board. All the 6 board members meet on Saturday. New board members of Satyam board are Tarun Das (CII), Manoharan (ICAI) and Balakrishnan (LIC).
4. No one from Infosys will join Satyam board – Nandan Nilekani.
5. GlaxoSmithKline (GSK) decided not to renew contract with Satyam Computers. More to follow.
Third Quarter Results:
Good result:
1. IndudInd Bank: Excellent turnaround story. 80% increase in net profit. Will Ramesh Soongtha continue to weave his magic? 50% fall in NPAs is more significant one. If it can continue its growth story for another 2-3 quarters, this stock will become a “Multibagger”. High valuations are big concern.
CMP: 37.5; P/E: 14
Just O.K results: Rallis India, Hindustan Oil Exploration and PFC.
Poor results: GTL, Bajaj Financial Services, State Bank of Bikaner and Sanwaria Agro Oils.
Disappointing results: TCS, InfoTech and JK Lakshmi Cement.
Recession news:
1. This is the first time after Second World War, top industrialized nations slide simultaneously into recession. This is the worst recession since 1929 depression.
2. JP Morgan reported 76% fall in profit and bank wrote down $2.9 billion of assets. EPS is 7 cents Vs 86 cents. Bank of America will be saved by American Government as it landed in trouble due to Merrill Lynch.
3. US Job losses: 20 lakh Americans lost jobs in 2008 and another 30-50 lakh Americans will lose jobs in 2009.
4. The European Central Bank (ECB) cut interest rate to 2%.
5. Google shut down six products to concentrate on core competency i.e. search and ads and lay off 100 employees (to cut costs) for the first time in the Company history.
6. UK: 14,000 people will lose jobs in England in this week. England GDP is expected to contract by 1.5% in 2009. According to ILO estimates, 30 lakh people will lose jobs by the end of 2010 in England. 60% fall in mortgage lending.
7. USA: 5 lakh Americans applied for first0time unemployment benefits in USA. 23 lakh American homeowners faced foreclosure proceedings in 2008. The Federal budget deficit will increase to more than $1 trillion.
8. Japan: Mitsubishi Financial Group will report $3.2 billion loss in its portfolio. Sharp fall in Machinery orders reported. Abu Dhabi wealth fund lost $125 billion in 2008.
9. The world economy is heading for zero growth in 2009 – United Nations.
10. Commodities: “It will take at least one to two years for the global economy to regain the strength needed to support new mining projects” – Rio Tinto CEO.
11. Scam: HSBC and UBS are struck in $3.2 billion losses in Madoff scam.
Business Controversies:
1. RNRL smelt 25,000 crore scam in the “Government-NTPC-RIL” issue. RIL rebutted the charges.
2. China: "Errors made in US economic policy-making, financial supervision and markets are the ultimate causes of the crisis. Theories that try to shift the responsibility for the crisis to countries with high savings are severely lacking in self-criticism, which is urgently needed if we are to ... prevent similar crises.''
Good articles:
1. How economic recession is spreading across the world?
2. Most bearish view on Economy and Stock Market - Societe Generale.
About Ram Mynampati and his mother?
Ram Mynampati of Satyam Computers was born in a small village near Ongole Town in Andhra Pradesh. His annual income is around 3-5 crore per annum. He recently sold ADRs worth crores of rupees. But her mother is still living on Government pension (Rs 500 per month) which is generally given to old age people of BPL (Below Poverty Line) families. Son is a Billionaire-mother is living on pension. What can you say about this man?
Market may open down. Market may up between 10.01 and 10.37 Market may steady or up side between 12.30 and 12.50. Market may close at up to previous closing.
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Opening Bell Call
Buy
Do not Buy Anything, Exit all Long Positions.
Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
RPOWER - Reliance Power Limited
BANKINDIA - Bank of India
HINDUNILVR - Hindustan Unilever Limited
ICICIBANK - ICICI Bank Ltd
MARUTI - Maruti Suzuki India Limited
POWERGRID - Power Grid Corporation of India Limited
CAIRN - Cairn India Limited
INFOSYSTCH - Infosys Technologies Ltd.
ONGC - Oil & Natural Gas Corpn Ltd
TCS - Tata Consultancy Services Limited
Obama’s Stimulus package:
America’s new President is planning to unveil $825 billion stimulus package. Package mainly concentrated on Healthcare, education and infrastructure sectors along with tax cuts to middle class people and small businesses. He wants to rev up economy by increasing the consumption power of people. America is now reeling under recession and huge debt.
Obama’s stimulus package also includes many sops like including a further extension of jobless benefits, renewable energy provisions, new health insurance subsidies for the unemployed and an increase in food stamps. Obama pledged to create 30-40 lakh jobs in the next 2 years to save the economy from going into depression. Will he succeed?
Read more about Barack Obama’s stimulus package.
Stock market and Economic news:
1. Budget session of Parliament is to be held from February 12-26.
2. Inflation is now touched 11-month low. 5.2% Vs 5.9%.
3. GTL decided to buy back 25% of equity. Buyback Price is 260 per share. CMP: 220.
Statement of the day: “Two days ago, we wouldn’t have said that Nortel would file for bankruptcy.” said N. Chandrasekaran, COO of TCS. That is called uncertainty or unpredictability.
Satyam news:
1. Largest stake holder in Satyam, Lazard, sold 5.3% stake in open market along with Swiss Finance. Who are the buying these shares? Now, LIC is the largest stake holder in Satyam. Can we pick LIC (Government) as promoters of Satyam? Lazard now hold just 1.8% stake in Satyam.
2. PSU Banks (SBI, IDBI and BOI) decided to form an audit panel to check the irregularities in the banking accounts of Maytas Infra.
3. Government appointed 3 more new directors to Satyam board. All the 6 board members meet on Saturday. New board members of Satyam board are Tarun Das (CII), Manoharan (ICAI) and Balakrishnan (LIC).
4. No one from Infosys will join Satyam board – Nandan Nilekani.
5. GlaxoSmithKline (GSK) decided not to renew contract with Satyam Computers. More to follow.
Third Quarter Results:
Good result:
1. IndudInd Bank: Excellent turnaround story. 80% increase in net profit. Will Ramesh Soongtha continue to weave his magic? 50% fall in NPAs is more significant one. If it can continue its growth story for another 2-3 quarters, this stock will become a “Multibagger”. High valuations are big concern.
CMP: 37.5; P/E: 14
Just O.K results: Rallis India, Hindustan Oil Exploration and PFC.
Poor results: GTL, Bajaj Financial Services, State Bank of Bikaner and Sanwaria Agro Oils.
Disappointing results: TCS, InfoTech and JK Lakshmi Cement.
Recession news:
1. This is the first time after Second World War, top industrialized nations slide simultaneously into recession. This is the worst recession since 1929 depression.
2. JP Morgan reported 76% fall in profit and bank wrote down $2.9 billion of assets. EPS is 7 cents Vs 86 cents. Bank of America will be saved by American Government as it landed in trouble due to Merrill Lynch.
3. US Job losses: 20 lakh Americans lost jobs in 2008 and another 30-50 lakh Americans will lose jobs in 2009.
4. The European Central Bank (ECB) cut interest rate to 2%.
5. Google shut down six products to concentrate on core competency i.e. search and ads and lay off 100 employees (to cut costs) for the first time in the Company history.
6. UK: 14,000 people will lose jobs in England in this week. England GDP is expected to contract by 1.5% in 2009. According to ILO estimates, 30 lakh people will lose jobs by the end of 2010 in England. 60% fall in mortgage lending.
7. USA: 5 lakh Americans applied for first0time unemployment benefits in USA. 23 lakh American homeowners faced foreclosure proceedings in 2008. The Federal budget deficit will increase to more than $1 trillion.
8. Japan: Mitsubishi Financial Group will report $3.2 billion loss in its portfolio. Sharp fall in Machinery orders reported. Abu Dhabi wealth fund lost $125 billion in 2008.
9. The world economy is heading for zero growth in 2009 – United Nations.
10. Commodities: “It will take at least one to two years for the global economy to regain the strength needed to support new mining projects” – Rio Tinto CEO.
11. Scam: HSBC and UBS are struck in $3.2 billion losses in Madoff scam.
Business Controversies:
1. RNRL smelt 25,000 crore scam in the “Government-NTPC-RIL” issue. RIL rebutted the charges.
2. China: "Errors made in US economic policy-making, financial supervision and markets are the ultimate causes of the crisis. Theories that try to shift the responsibility for the crisis to countries with high savings are severely lacking in self-criticism, which is urgently needed if we are to ... prevent similar crises.''
Good articles:
1. How economic recession is spreading across the world?
2. Most bearish view on Economy and Stock Market - Societe Generale.
About Ram Mynampati and his mother?
Ram Mynampati of Satyam Computers was born in a small village near Ongole Town in Andhra Pradesh. His annual income is around 3-5 crore per annum. He recently sold ADRs worth crores of rupees. But her mother is still living on Government pension (Rs 500 per month) which is generally given to old age people of BPL (Below Poverty Line) families. Son is a Billionaire-mother is living on pension. What can you say about this man?
Market may open down. Market may up between 10.01 and 10.37 Market may steady or up side between 12.30 and 12.50. Market may close at up to previous closing.
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Opening Bell Call
Buy
Do not Buy Anything, Exit all Long Positions.
Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
RPOWER - Reliance Power Limited
BANKINDIA - Bank of India
HINDUNILVR - Hindustan Unilever Limited
ICICIBANK - ICICI Bank Ltd
MARUTI - Maruti Suzuki India Limited
POWERGRID - Power Grid Corporation of India Limited
CAIRN - Cairn India Limited
INFOSYSTCH - Infosys Technologies Ltd.
ONGC - Oil & Natural Gas Corpn Ltd
TCS - Tata Consultancy Services Limited
Sensex Technical View :
Quick pullback and quick pulldown is leaving no clarity in short term index moves with lower volumes to add to the uncertainty.
In the last so many months Sensex has not closed below the 8800 mark convincingly so a close below could be the trigger for a confirmatory breakdown move. On the upside 9650 remains a level which will be difficult to surpass.
When in doubt stay out seems the best way to trade :P
Stocks to watchout for :
Bajaj Auto 445 and Mahindra and Mahindra 330 are levels above which the stocks could give a 5-10 % move in short term. Waiting for a petro cut ??/
LnT charts updated in post below
ONGC moving around 615 -625 support zone... 2-3 sessions below that could lead to test of earlier lows also and if holds for some time it can give a 5-10 % pullback.
Market Observations and Thoughts :
In the last few months or one year the businesses, markets and economy has made a total -turn from the past and investors need to have a new yardstick to measure investment avenues then before.
The general logic that a stock at 500 is now at 100 does not qualify it to be a good investment as in the last few months the company's business model may no more be feasible , or debts ,inventories and reduction in assets may make it go broke also. So we need to see things in the current event scenario and strategies should evolve.
Also with period of time in markets one tends to get into a legacy problem of sticking to the same old stocks and businesses which may no more be that great in current scenario. IT was a rage in 2000 but was a night mare in 2001-2004. Realty was a rage in 2004-2007 but its difficult for the same set of business models to create superlative returns always.
As i have said before we would continue to be in time wise pain till Feb-March but in this period investors need to clean up their old yardsticks and views so that a new perspective can be employed in further investment and trading decisions.
Above all need to look into discipline part of trading and investment as a personal process to be able to perform better six months down the line as no situation is permanent -- be opportunistic rather then bullish or bearish !
Quick pullback and quick pulldown is leaving no clarity in short term index moves with lower volumes to add to the uncertainty.
In the last so many months Sensex has not closed below the 8800 mark convincingly so a close below could be the trigger for a confirmatory breakdown move. On the upside 9650 remains a level which will be difficult to surpass.
When in doubt stay out seems the best way to trade :P
Stocks to watchout for :
Bajaj Auto 445 and Mahindra and Mahindra 330 are levels above which the stocks could give a 5-10 % move in short term. Waiting for a petro cut ??/
LnT charts updated in post below
ONGC moving around 615 -625 support zone... 2-3 sessions below that could lead to test of earlier lows also and if holds for some time it can give a 5-10 % pullback.
Market Observations and Thoughts :
In the last few months or one year the businesses, markets and economy has made a total -turn from the past and investors need to have a new yardstick to measure investment avenues then before.
The general logic that a stock at 500 is now at 100 does not qualify it to be a good investment as in the last few months the company's business model may no more be feasible , or debts ,inventories and reduction in assets may make it go broke also. So we need to see things in the current event scenario and strategies should evolve.
Also with period of time in markets one tends to get into a legacy problem of sticking to the same old stocks and businesses which may no more be that great in current scenario. IT was a rage in 2000 but was a night mare in 2001-2004. Realty was a rage in 2004-2007 but its difficult for the same set of business models to create superlative returns always.
As i have said before we would continue to be in time wise pain till Feb-March but in this period investors need to clean up their old yardsticks and views so that a new perspective can be employed in further investment and trading decisions.
Above all need to look into discipline part of trading and investment as a personal process to be able to perform better six months down the line as no situation is permanent -- be opportunistic rather then bullish or bearish !
NIFTY FUTURE
ABOVE 2735 TARGET 2752-2770-2791
BELOW 2714 TARGET 2680-2645-2610
MARKETCALLS’ VIEW ON NIFTY FOR INTRADAY :
Today market will remain very volatile in narrow range, I advise to sell on higher levels, Nifty has medium resistance at 2755-2770, if sustain above 2770 you may create small buying position for intraday only. Long position not below 2868 . Below 2868 my view is bearish for market.
Today market will remain very volatile in narrow range, I advise to sell on higher levels, Nifty has medium resistance at 2755-2770, if sustain above 2770 you may create small buying position for intraday only. Long position not below 2868 . Below 2868 my view is bearish for market.
-Always Remember, put SL in your every trade.
Sell BPCL below 372 SL 381 Target 367-364-358
Sell CIPLA below 180 SL 185 Target 178-174
Sell STER below 249 SL 265 Target 236-222
Sell TATACOMM below 460 SL 480 Target 450-437
Buy RCOM above 179 SL 168 Target 185-189
Buy PETRONET above 37 SL 35 Target 38.50-40-41
Buy PFC above 133 SL 129 Target 135-137
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