After selling 2800 call yesterday the market drivers reversed their positions today and gone huge long in 2800 call which no indicates market is set to test 2880 and 2900. I would clearly bet all out if market closes above 2925 for 2 days.
FII have started buying in select counters. Lot of short sellers and bears are now licking the wounds. Whether Congress will prove its manifesto of JAY Ho is far from truth as of now but for sure Akruti bull did with bear who is short in Akruti a biggest beggar on the street. For sure what he earned ever since Jan 2008 had been lost in just one counter AKRUTI and therefore the slogan goes well for AKRUTI bull JAY Ho.
The best pity part is that the savvy bears must be having capacity to digest the exchange rules and pay margins in a stock which is at 95% which means retail is not allowed to buy any stock. Yet those who are right and left hand of the savvy bear and acted in concert with in him in shorting Akruti will probably look for Akruti for orphanage.
The Maharashtra Govt has reportedly signed an agreement with 5 Mumbai developers to develop 17000 buildings in south Mumbai which are declared as depleted building and for doing so developers will be given additional FSI. It is huge business going forward as the rates in south Mumbai are still sky touching even after correction. Orbit, Akruti, Lok, Unity are few cos which have signed the contract but the major share goes to HDIL which is enough to spark a huge rally on this counter. We were the first again to give buy call in realty sector which has shown signs of improvement. Govt can’t kill this sector as they are the largest contributors to election funds.
There is enough steam left in Unitech, DLF and HCC which will catch momentum very soon and triggers will follow in the course of time. Grasim and Kesoram should be in firm grip of bulls for 2 reason. One cement nos will be good for Q4 and two that Grasim is able to sell its Vikram Ispat to Welspun Guj ( already appreciated over 30%). This cash flow will boost Grasim and also help K B to consolidate his position in Kesoram. It is on record that B K had wished to transfer Kesoram to K B.
Our calls are always based on some info which is being sourced from our I T wing though the information may or may not come into public domain in desired time due to structure of the market and market players. We initiated buy in GMR at 69 cmp 84 and the news is yet to come. We have been tracking Akruti since Rs 600 and our target was Rs 2000 plus which finally happened today. We need to just ascertain whether the so called savvy bear has cut short his positions or not though it looks from last 2 sessions price of over 55% that it is cut.
The relevance is that in Futures NANGA NACH is allowed by any players and exchanges say we are just concerned with margins and not speculation. Why is that the 5% FII holding is not coming to book profit in Akruti…? Once the short seller pay the SATTA will be over in AKRUTI and stock will correct heavily. So be careful to handle this TIME BOMB.
After so many days I have seen 30000 shares buyer in SS Duncan which clearly indicate that timing of S S D cash realisation is not too far. I would suggest small shareholders too convert some of their holding in buy in 1000 to 2000 shares of this co and just see what happens. Keep stop loss of Rs 60 where the yield becomes 7.5% and could be a good support. This stock has taken enough rest and ready to give bountiful crop. Do not forget the great poverb..
RELIANCE : (1331.40)
Buy Above 1338 target 1- 1357 target 2- 1383, target 3- 1414, stop loss 1330
Sell Below 1330 target 1-1300, target 2- 1270, target 3-1255, stop loss 1340
RELCAPITAL : (318.15)
Buy Above 323 target 1-330, target 2-337, stop loss 310
Sell Below 310 target 1-295, target 2-280, stop loss 323
RELINFRA : (480.30)
Buy Above 483 target 1- 494, target 2-507 stop loss 475
Sell Below 480 target 1-467, target 2-454, stop loss 490
BHEL : (1459.25)
Buy Above 1450 target 1-1486, target 2- 1513, stop loss 1440
Sell Below 1440 target 1- 1420 target 2- 1400, stop loss 1455
L&T : (635.75)
Buy Above 635 target 1- 647, target 2- 660, stop loss 630
Sell Below 630 target 1- 621, target 2- 615, stop loss 638
DLF : (172.30)
Buy Above 170 target 1- 178, target 2- 185, stop loss 165
Sell Below 163 target 1- 154, target 2- 145, stop loss 171
EDUCOMP : (1970.60)
Buy Above 1980 target 1- 2016, target 2- 2062, stop loss 1965
Sell Below 1965 target 1- 1933, target 2- 1912, target 3- 1896, stop loss 1980
MCDOWELL-N : (686.25)
Buy Above 697 target 1- 708, target 2- 731, stop loss 688
Sell Below 690 target 1- 672, target 2- 658, target 3- 630, stop loss 702
SBI : (960.30)
Buy Above 966 target 1- 983, target 2- 1012, stop loss 950
Sell Below 950 target 1- 943, target 2- 900, stop loss 966
STERLITE : (301.30)
Buy Above 305 target 1- 313, target 2- 326, target 3- 336, stop loss 300
Sell Below 300 target 1- 290, target 2- 281, stop loss 308
AXIS BANK : (340.70)
Buy Above 342 target 1- 349, target 2- 357, target 3- 381, stop loss 335
Sell Below 335 target 1- 330, target 2- 319, target 3- 300,stop loss 342
ABAN : (306.20)
Buy Above 305 target 1- 318, target 2- 330, stop loss 300
Sell Below 300 target 1- 289, target 2- 273, stop loss 308
ICICI BANK : (334.65)
Buy Above 336 target 1- 342, target 2- 349, target 3- 369, stop loss 325
Sell Below 325 target 1- 319, target 2-300, stop loss 336
Sensex : (8976.68) Today Sensex face resistance at 9110, if cross 9110 then goes up to 9244 and 9379. Sensex find support at 8852, if 8852 break then panic selling started and Sensex fall up to 8728 and 8594.
Nifty : (2794.70) Today Nifty face resistance at 2837, if cross 2837 then goes up to 2850 and 2880.Nifty find support at 2751, if 2751 break then fall up to 2708 and 2665.
For Nifty Trader if Nifty cross 2807 then take a long call for a target of 2837 and 2850. Its very unlikely that its close above 2850 so book profit near that level and look for short call .
The Indian market opened on gap-up note and close in green zone but saw profit booking at higher levels. For coming session trading below 2750 levels it can test 2710 zone. On the other 2830 zone will act as strong resistances zone. On hourly chart Rsi had made small divergence on chart it indicate for down side and breaking below upward channel give more confirmation.
SELL BPCL Stop Loss 352 Target 315
SELL Educomp Solutions Stop Loss 2025 Target 1850
SELL Bharti Airtel Stop Loss 578 Target 550
This fall can take the nifty to 2740(5 D Ema), 2710(5 D.Low ema)., below which 2675 should offer supports. A close below 2740 is a confirmation of daily sell.
"D" leg of the diagonal seems to be over and the "E" leg may have begun to be confirmed by a fall below 2740. Dow Jones, too, may have ended its "zigzag"-4th up and may resume a 5th down.(Dow hourly too have some negative divergences.) These are the expectations to be confirmed by the mkts.
If you can restrain yourself and wait for the opportune moment to strike, today was the day.
Nifty :: Extended rally may reach near strong resistance zone.. Face strong resistance at upper end of falling channel. Be caution at every up move.. Watch strong resistance 2820/2866/2878/2894.. Its mean up to 2900 too many strong resistance is there with overbought zone.. Correction due at any time within one or two days. In one level above 2785 momentum seems up, below 2785 momentum down.. Our strategy up to 2765 buy in deep (S.L 2765) sell at high.. Resistance for up move at 2820/2841/2866/2876/2894 /2915.. Supports at 2765/2750/2736/2728/2723..
those holding short position should hold that ......for tgt 2480--2500 mini ...........net gain will be 300 points in this trade..................hold the cairn position too...............
We've an interesting situation here on this Futures chart above - the internals are strong but we have to face two resistances - one by the 50 day average and the other by the trend line joining recent highs. 2635 is the January swing low and just above it is 2675 a probable support in case we go down from here. My take:we'll breakthrough both the resistances!
This sure is a time bomb just waiting to explode anytime!
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