NEWSLETTER

As per Vedic Astrology after 15th April 2009 Sun, which is lord of the 5th house of Stock Market as per Kalpurusha Kundali (Horoscope), will enter in his exalted sign i.e. Aries. On the date of Sun ingress transit Moon will be in trine aspect with transit Sun. Venus, significator of wealth and luxury, will be occupying in its exalted sing i.e. Pisces and depositor of Venus will be in sextile aspect, all these planetary position indicates that BSE Sensex will touch 12,000 benchmark between 21st April 2009 and 15th May 2009. in our post - http://stockmarketprediction.blogspot.com/2009/02/bulls-will-back-bse-sensex-will-touch.html

We Astrology18 Group thanking all of our visitor and suporters. We Astrology18 Group has once again given mile stone prediction on 26th February 2009 that BSE Sensex will touch 12,000 benchmark between 21st April 2009 and 15th May 2009. and Prediction's came true on 4th May 2009, Today The BSE Sensex closed at 12,134 (up 731 points) while the NSE Nifty closed at 3,654 (up 180 points).

By the Grace of God we Astrology18 Group has predicted all correct prediction in past about Indian Stock Market both BSE Sensex and NSE Nifty. We are trying more to sharpen our knowledge in Stock Market Astrology and Vedic Astrology as well as Western Astrology. For Astrology18 Group Stock Market Astrology is a naughty but interesting subject and we have achieved nearer accuracy of 95%. We Astrology18 Group promises our visitor that we will give Astro Alert and Prediction like "Sensex will touch 12000" so that investor can Minimize their Loss and Maximize profit. KEEP SURFING.

(NOORESH)

Before we go into the current view please do check the charts posted few days back where i had mentioned that all global indices could see a 7-12% quick move in short term with high volatility.

All the global indices have given a 5-8 % move already and we may see some more but it can turn to be illusionary so its a tricky scenario. Although the move was expected the trading holidays in India did not give us a good chance to make much out of it.

Sensex Technical View :

Some observations :

-- > There have been 3-4 bear rallies since the top made around 21k.

---> As we see from the chart the rallies have not gone beyond 50/61.8% of the last big fall. The current 61 % retracement level comes to 12570 odd.

--- > On the other hand we might have already seen the low of the bear phase and Sensex should retrace 50/61% of the entire downfall from 21k-7.7k. This has been discussed ever since the detailed technical n elliot view was posted as well in our time analysis discussions.

-- > The 50/61.8% of the entire downfall comes to 12900/14500. As we saw markets take a stopover at 11200-11400 which was 200 dema and next stop should come closer to 12.5k zone.

-- > After such an upmove of 50% from the lows Sensex does get into overbought zone with lot of negative divergences so the better approach is to be cautious and trade for the day only on long side.

--- > Technically the uptrend still remains strong and its not over till its over so we would wait for some reversal signals around the resistance zones around 12300-12600 as its a fresh breakout and we may still have room for upside.

-- > Continue to trade with the trend and wait for it to change as trying to be early or anticipatory trading has proved fatal ( 6k anticipation screwed lot many bears)

Stocks to watchout for :

The holidays did us in as we could not pick up on lot many stock specific breakouts with huge gap-ups.

Max India recommended at 105 with a very long term view has moved up to 145+ which is a good 40% return. Continue to remain bullish in the long run even from these levels but as part of discipline investors should book 25-50% quantity and hold rest with a long term view.

BOSCH Ltd

One of the strong multinational companies made a bottom roughly around 2700 and is still quoting around 3000-3070. The stock has not participated in the pullback but lot of volume build-up now. Investors can look to take partial exposure around 2900-3100 zone and wait for further dips. May move up to 3500 + in medium term. Do your own research or home work before positioning urself.

GE Shipping

Seems a strong breakout in short term. Buy on intra dips to 218-222 or above 226 with a stop of 217 tgt 240 +.

Welspun above 109 could tgt 115-119 zone stop of 105. Opto circuits above 121 or on dips to 114-115 stop of 110 tgt 128+ . Cairn can be a buy on dips as there is a good possibility of an upmove in crude.

Keep trading volumes till we get a clear direction as the risk-reward on long side is no more supporting! Also no fresh signals to short positionally yet.

(NOORESH)

The next big move is possible in crude if it stays above 53.5-54 for a couple of sessions expect a move to 59-68 in medium term.

Till its above 50-51 the possibility remains open. 46-47 on downside is important support.

"Nifty has bounced back in the trading range of 3375 & 3520 from where it had given bearish breakout & now it is evenly placed between the resistance of 3520 & support of 3375, breakout on either side is capable of giving a move of 225-275 points.". Nifty opened with a huge bullish gap of more than 140 points on positive cues from global markets. Since Indian markets were closed for 4 calendar days, to catch the international markets after 4 days holiday was one of the important factor for such a big rise. After having opened with a gap, Nifty continued to move up slowly to touch an intra day high of 3664 before closing at 3654, about 180 points above the previous close.

As far as, extreme short term charts are concerned, Nifty has confirmed bullish breakout above 3520 setting a minimum target of 3750-3800 which is likely to be achieved in next few days. However, it must be noted that Nifty is extremely overbought also with huge gap left unfilled which will put pressure on Nifty for corrective decline. Alternatively, Nifty can achieve the targets to complete 5th wave up from the rise which begin on 9th March 2009.

As for as bar reversal in Daily charts are concerned, stocks like Union bank, Orbit, Bartronics, Tanla, Andhra Bank, Anant Raj have given "Upward Bar Reversal" while Educomp, Satyam, LIC Housing, Cipla, Austral, Kingfisher, S Kumars, Shanti Gears, Adhunik Metals, Mangalore Chem., etc. have given "Downward Bar Reversal". Stocks like RS Software, Alembic, Blue Bird, Ruchi Soya, HCL Tech., Kesoram, Hindalco, Sintex, Pantaloon, HDFC Ltd. have shown spurt during the day with unusually high volumes.

Sector wise, most of the IT, metal, hosing finance, retail, banking, infrastructure, sugar, steel, shipping, chemical stocks were among the top gainers which closed in positive territory where as very few stocks like Educomp, MTNL, Sterling Biotech, AVB, Satyam, HPCL, Bank of Baroda, etc,. were the stocks which closed in negative territory despite market being so bullish. As far as, A/D data is concerned it was in favor of bulls in the ratio of 3.5:1 with 280 declines & 953 advances during the day.

In nutshell, Nifty has given bullish breakout from the resistance zone of 3520 setting a minimum target of 3750+ which is likely to be achieved soon. Although some of the momentum indicators are extremely overbought & ripe for corrective decline to 3620 & below 3600 to cover part of the opening gap. However, such decline can be used to buy selectively with SL for higher targets of Nifty. The best strategy should be to book part profit/short sell the stocks which have risen too sharply in last 3 days to re-enter at lower levels.

* NIFTY/ SENSEX !
Nifty - Target of 3750+ Maintained But Extremely Overbought in Hourly Charts
Book Part Profit in Overbought Zones to Re-Enter at Lower Levels

* IDFC !
Overbought in hourly charts-Corrective decline to 81.5 likely

* JP ASSOCIATES !
Target of 149-150 achieved-Corrective decline to 140 likely

* HDIL !
Strong resistance at 160-Bullish breakout will target 190+ in near term

* SAIL !
Heading for 128-130/Use pullback to 114 for buying with SL

* ITC !
Overbought in hourly charts-Ripe for decline to 198

* DISH TV !
Short term resistance at 33-Bullish breakout may target 38+ in near term

* ALLHABAD BANK !
Heading for 62+/Buy on declines till 55 with SL


* STERLITE INDS. !
Bullish but extremely overbought-Decline to 455-458 likely

* BAJAJ HIND. !
Bullish breakout in daily charts-Likely to cross 120 in few weeks

* YES BANK !
EST resistance at 85-Bullish breakout may target 98-97


* REL. INFRA !
EST indicators favor decline to 725-Use pullback for short term profit booking

* AXIS BANK !
Bullish but overbought-Minor decline to 585 likely

* NIIT LTD. !
Bullish breakout in hourly charts-Likely to cross 34 in near future

* L&T !
Target of 1000+ maintained-Buy on every decline with SL

* HCL TECH. !
Breakout from "Inverted Head & Shoulder" pattern-All set to cross 190 in near future

* POLARIS SOFTWARE !
Short term charts favor rise to 78-80/Use declines for buying with SL

* KOTAK BANK !
All set to cross 460 with minor hurdle at 440-Use declines for buying with SL

* M&M !
EST charts favor decline to 525-Use pullback for profit booking only

* SBI !
Bullish indications-Buy on declines with SL for target of 1440

* INFOSYS !
Overbought in hourly charts-Corrective decline to 1590 likely

* UNION BANK !
Strong resistance at 175-Bullish breakout will target 240+ in near future

* INDIAN BANK !
Mildly bullish-Technical recovery to 109-110 likely

* GITANJALI GEMS !
EST resistance at 71-Bullish breakout will target 81+ in near future

MY CHART

Nifty :: We clearly indicate in our 28^th post that if market bounce beck from 3300 then its create interesting Flag pattern .. Today Nifty firmly given break out of flag pattern and even close above rising channel top.. Flag pattern breakout target above 3700.. Be careful in extended overbought rally, all daily indicator made an bearish divergence.. Avoid buying at high. Watch strong resistance 3711/3732.. Still momentum is up and that’s why our strategy buy in deep ( S.L 3575) Sell at high (S.L 3732).. Resistance for up move at 3673/3711/3732/3811.. Supports at 3620/3575/3520/3400..

(Inder Bhatia)

The Indian market opened on huge gap-up and close near days high.Nifty saw breakout from range our target mention 3705 on weekly updates .For coming session trading above3659 it will touch 3719-3752 zone .On the lower side trading below 3590 it will touch 3566-3533 zone keep locking profit and trail stoploss key level to watch 3705 zone .

(B.N.RAO -THE STOCKS DOCTOR)

The yearly high of Nifty was at 5167.40 and the low was at 2252.75 and now today Nifty closed at 3654.0. So the non stop rise from March 6th covered a distance of 1401 points. So technically the markets are at cross roads irrespective of their Bullishness or Bearish market short covering. The rise points to low are at 0.622 and the yearly high to closing was at 1513 and the ratio stands at 0.293. The SENSEX is also displaying the same trend, the SENSEX yearly high was at 17,735.70 and the low was at 7697.3 and today the SENSEX closed at 12,134.75. The rise from low works at 4437 and the distance it has to travel 5600 points to cross the yearly high.

The markets have not yet received the ONGC and steel sector results which may disappoint. The rally is getting threat from the terrorist mails.

The SEBI is working closely to find out the insider trading in RPL by Reliance may curb the inner momentum strength as the new flow started for the Bears now.

admin

>ABB has announced its 1st Qtr numbers. Its standalone net profit went down at Rs 78.36 crore versus Rs 117.69 crore (Year over Year).
>Allahabad Bank has announced its 4th Qtr numbers. Its net profit went up 55.74 Percent to Rs 264 crore from Rs 169.51 crore, Year Over Year.
>Amtek Auto has announced its third quarter numbers. Its standalone net profit went down at Rs 22.53 crore versus Rs 59.65 crore (Year over Year).
>Apollo Tyres has declared its 4th Qtr results. Its standalone net sales were at Rs 1110.56 crore versus Rs 1,001.34 crore on Year Over Year basis. Its standalone net profit was at Rs 46.19 crore versus Rs 59.27 crore on Year Over Year basis.
>Aurobindo Pharma has announced its 4th Qtr results. The company’s 4th Qtr standalone net sales were up at Rs 769.98 crore versus Rs 632.40 crore.
>Bhushan Steel has announced its 4th Qtr results. The company’s 4th Qtr standalone net profit was down at Rs 116.40 crore versus Rs 135.00 crore, Year Over Year.
>Century Textiles has come out with FY09 numbers. Its net profit declined to Rs 236 crore from Rs 279 crore.
>CESC has announced its 4th Qtr and FY09 results. The company’s 4th Qtr revenue at Rs 741 crore versus Rs 638 crore.
>Core Projects has announced its 4th Qtr results. It 4th Qtr standalone net profit was at Rs 24.37 crore versus Rs 16.51 crore, Qtr Over Qtr.
>DLF has reported dismal 4th Qtr results. The company’s consolidated net sales were down 74 Percent at Rs 1,122.3 crore versus Rs 4,306.5 crore year on year (Year over Year) while its consolidated net profit fell 93 Percent to Rs 159 crore as against Rs 2,176.8 crore Year Over Year.
>Educomp Solutions has come out with 4th Qtr numbers. Its standalone net profit went up at Rs 54.52 crore from Rs 31.47 crore (Year over Year).
>Gateway Distripark has come out with its 4th Qtr numbers. Its standalone net profit went down at Rs 18.33 crore from Rs 20.17 crore (Year over Year).
>Godrej Consumer has declared its 4th QtrFY09 numbers. Its consolidated net profit increased to Rs 59.36 crore from Rs 40.82 crore, Year Over Year.
>Great Offshore has announced its 4th Qtr results. The company’s 4th Qtr sandalone net sales were at Rs 257.31 crore.
>Gujarat Gas has announced its 1st Qtr numbers. Its net profit declined to Rs 36 crore from Rs 44.9 crore, Year Over Year.
>HDFC (Housing Development Finance Corporation) has announced its 4th Qtr numbers. Its reported net profit declined 4.56 Percent to Rs 733 crore from Rs 768 crore, Year Over Year.
>Indian Overseas Bank (IOB) has announced its 4th Qtr numbers. Its net profit went up to Rs 322.37 crore from Rs 305.95 crore, Year Over Year.
>Info Edge has announced its FY09 results. The company’s standalone net sales were up at Rs 245.17 crore versus Rs 218.94 crore, Year Over Year.
> Ingersoll Rand (India) has declared its 4th Qtr results. The company’s standalone net sales were at Rs 99.52 crore versus Rs 110.32 crore.
Its net profit was at Rs 13.25 crore versus Rs 22.88 crore.
>Kansai Nerolac has announced its 4th Qtr numbers. Its standalone net profit went down at Rs 20.08 crore versus Rs 23.96 crore (Year over Year).
>Mahanagar Telephone Nigam (MTNL) has announced its 4th Qtr results. Its standalone net sales were down at Rs 1056.19 crore versus Rs 1132.26 crore on Qtr Over Qtr basis.
>New Delhi Television (NDTV) has announced its 4th Qtr results. The company’s 4th Qtr consolidated net sales were at Rs 123.30 crore.
>Onmobile has announced its 4th Qtr FY09 results. The company’s 4th Qtr net profit was up at Rs 24.03 crore versus Rs 4.5 crore.
>PTC has announced its 4th Qtr results. The company’s 4th Qtr standalone net sales were down at Rs 1,177.68 crore versus Rs 2,116.84 crore, Qtr Over Qtr.
>Puravankara Projects has announced its 4th Qtr numbers. Its consolidated net profit declined to Rs 14.58 crore from Rs 72.71 crore, Year Over Year.
>Reliance Capital has announced its 4th Qtr and FY09 results. The company’s 4th Qtr net profit was down at Rs 311.6 crore versus Rs 365.5 crore.
>Reliance Communications has announced its 4th QtrFY09 numbers. Its consolidated net profit went up 3.12 Percent at Rs 1,454.3 crore from Rs 1,410.3 crore (Qtr Over Qtr).
>Siemens India has announced its second quarter results. The company’s Q2 standalone net sales were up at Rs 2,308.17 crore versus Rs 2,142.42 crore.
>Tanla Solutions has declared its 4th QtrFY09 results, The company’s 4th Qtr net profit was down 41.74 Percent from Rs 49.99 crore to Rs 29.12 crore, Year Over Year.
>Titan Industries has announced its FY09 numbers. Its net profit stood at Rs 163.92 crore and net sales came in at Rs 3833.55 crore.

Yesterday market gapup opening for 4 to 5 % . They will open in nifty Fut 3630 level. This level contined upto closing. Today Market will anyside will go it. Then Nifty Fut Close yesterday 3660. This level strong closed in market then the market they will go uptrend upto 3720 to 3780 and 3820 levels. But that 3620 level Nifty fut will cross the market will downside upto 3520 and 3420 levels.

Nifty Spot

R-3600/3720/3785.
S-3534/3413/3348.

Nifty Fut

R-3645/3685/3710.
S-3620/3580/3555.


Sensex

R-11977/12320/12504.
S-11793/11450/11266.

The market alart all Securites will trader morethen 50% uptrend level. If you bought lower level . Plz book profit this level. Today Nifty Buy abv 3660 Sl 3620 tgt 3690,3720 and 3740. Nifty Sell Below 3620 Sl 3660 tgt 3590,3570 and 3540 levels.

(*M J Akhtar*)

(Ilango)

Santy

Today Nifty surprised everyone by opening with a huge GAP to upside and traded high after crossing the upper range bound at 3520 and finally closed near high at 3654. The force by which nifty crossed the box, it seems it is going to touch next level 4060 ( 78.6% Fibonacci retracement) very soon. However we can see better pull backs at the same time for nice entry for long positions for the same target. Tomorrow watch the opening level. If market opens below today’s close (3654) and comes to 3620 level then see how it plays there ( either making higher highs, higher lows for further UP trend, or making lower highs and lower lows for further down trend). If it looks to resume the uptrend, then BUY at 3625 with stop loss at 3600 for target at 3670/3700. However in the case of down movement, it is wise not to go short, rather wait for better buy opportunity during next sessions.

(*M J Akhtar*)

Long Side

1. Buy NIFTY Spot @ 3621 SL=3590 Targets=3637, 3692, 3708, 3735, 3757, 3779,
   
2. Buy RELIANCE Spot @ 1882 SL=1872 Targets=1887, 1903, 1908, 1916, 1922, 1929,
   
3. Buy SBI Spot @ 1361 SL=1353 Targets=1366, 1380, 1385, 1392, 1398, 1404,
   
4. Buy EDUCOMP Spot @ 2573 SL=2523 Targets=2603, 2697, 2727, 2774, 2813, 2851,
   
5. Buy ONGC Spot @ 911 SL=904 Targets=915, 927, 931, 937, 942, 947,
   
6. Buy ICICIBANK Spot @ 523 SL=517 Targets=527, 540, 544, 551, 556, 561,
   
7. Buy RELINFRA Spot @ 756 SL=747 Targets=760, 776, 780, 788, 794, 800,
   
8. Buy RELCAPITAL Spot @ 563 SL=558 Targets=566, 574, 577, 581, 585, 588,
   
9. Buy DLF Spot @ 238 SL=235 Targets=239, 244, 246, 248, 250, 252,
   
10. Buy ABAN Spot @ 431 SL=428 Targets=433, 439, 441, 444, 446, 449,
    
11. Buy BHEL Spot @ 1717 SL=1711 Targets=1720, 1730, 1733, 1738, 1742, 1745,
    
12. Buy INFOSYSTCH Spot @ 1609 SL=1590 Targets=1619, 1653, 1663, 1680, 1694, 1707,
    
13. Buy NTPC Spot @ 197 SL=196 Targets=197, 199, 199, 200, 201, 202,
    
14. Buy BHARTIARTL Spot @ 783 SL=776 Targets=787, 799, 803, 809, 814, 819,
15. Buy ITC Spot @ 203 SL=201 Targets=205, 210, 212, 214, 216, 219,
    
16. Buy LT Spot @ 944 SL=934 Targets=950, 969, 975, 984, 992, 1000,
    
17. Buy ABB Spot @ 488 SL=484 Targets=491, 499, 502, 506, 509, 513,
    
18. Buy HDFCBANK Spot @ 1187 SL=1173 Targets=1194, 1220, 1227, 1240, 1250, 1261,
    
19. Buy TATASTEEL Spot @ 260 SL=256 Targets=261, 267, 269, 272, 275, 277,
    
20. Buy MARUTI Spot @ 843 SL=838 Targets=845, 854, 857, 861, 865, 868,
    
21. Buy TATAMOTORS Spot @ 258 SL=255 Targets=259, 263, 264, 266, 268, 270,
    
22. Buy WIPRO Spot @ 360 SL=354 Targets=363, 375, 378, 384, 388, 393,
    
23. Buy BANKNIFTY Spot @ 5462 SL=5424 Targets=5482, 5547, 5567, 5599, 5626, 5652,
    

Short Side

1. Sell NIFTY Spot @ 3572 SL=3597 Targets=3550, 3523, 3506, 3452, 3435, 3408, 3386, 3364,
   
2. Sell RELIANCE Spot @ 1868 SL=1876 Targets=1861, 1853, 1848, 1832, 1827, 1819, 1813, 1806,
   
3. Sell SBI Spot @ 1348 SL=1355 Targets=1342, 1335, 1330, 1315, 1311, 1303, 1297, 1292,
   
4. Sell EDUCOMP Spot @ 2488 SL=2528 Targets=2449, 2402, 2372, 2278, 2248, 2201, 2163, 2124,
   
5. Sell ONGC Spot @ 900 SL=906 Targets=895, 889, 885, 873, 869, 863, 858, 853,
   
6. Sell ICICIBANK Spot @ 512 SL=518 Targets=507, 500, 496, 484, 480, 473, 468, 463,
   
7. Sell RELINFRA Spot @ 742 SL=749 Targets=736, 728, 724, 708, 704, 696, 690, 684,
   
8. Sell RELCAPITAL Spot @ 555 SL=559 Targets=552, 547, 544, 536, 533, 529, 525, 522,
   
9. Sell DLF Spot @ 233 SL=236 Targets=231, 229, 227, 223, 221, 219, 217, 215,
   
10. Sell ABAN Spot @ 426 SL=428 Targets=423, 420, 418, 412, 410, 407, 405, 403,
    
11. Sell BHEL Spot @ 1709 SL=1714 Targets=1705, 1700, 1697, 1687, 1684, 1679, 1676, 1672,
    
12. Sell INFOSYSTCH Spot @ 1578 SL=1593 Targets=1564, 1547, 1537, 1503, 1493, 1476, 1462, 1449,
    
13. Sell NTPC Spot @ 195 SL=196 Targets=194, 193, 193, 191, 191, 190, 189, 188,
    
14. Sell BHARTIARTL Spot @ 772 SL=777 Targets=766, 760, 756, 744, 740, 734, 729, 724,
    
15. Sell ITC Spot @ 199 SL=201 Targets=197, 194, 193, 187, 186, 183, 181, 179,
    
16. Sell LT Spot @ 927 SL=936 Targets=920, 910, 904, 886, 880, 870, 863, 855,
    
17. Sell ABB Spot @ 481 SL=484 Targets=477, 473, 470, 462, 459, 455, 452, 449,
    
18. Sell HDFCBANK Spot @ 1164 SL=1175 Targets=1153, 1141, 1133, 1108, 1100, 1087, 1077, 1067,
    
19. Sell TATASTEEL Spot @ 254 SL=257 Targets=252, 249, 247, 241, 239, 236, 234, 231,
    
20. Sell MARUTI Spot @ 835 SL=839 Targets=832, 827, 825, 816, 813, 809, 805, 802,
    
21. Sell TATAMOTORS Spot @ 254 SL=256 Targets=252, 250, 249, 245, 244, 242, 240, 239,
    
22. Sell WIPRO Spot @ 350 SL=354 Targets=345, 339, 336, 325, 321, 315, 311, 306,
    
23. Sell BANKNIFTY Spot @ 5403 SL=5434 Targets=5376, 5344, 5324, 5259, 5239, 5206, 5180, 5153,