newsletter

(NOORESH)

Sensex Technical View :

Sensex dips down to the 13500 zone after the quick upmove. Supports are now placed at 13300 which is a fibo levels staying below which one can expect a move to 12800/12300 zones also.

Mid cap Stocks have corrected which was needed after such a sharp move. Continue to be stock specific with trailing stops. Totally tired no posts for the day.

MY CHART

Nifty ::In initial stage Nifty try to hold last low 4205,but unable to hold above it and once break 4205 easily break 4167 and close below it. Now Nifty made an lower top lower bottom formation in daily chart.. All indicator suggest bearish sign.. And that’s why be careful in up move.. Watch strong resistance 4144/4240.. And support 4092/4022/3980.. Our strategy for 27^th May sell at high (S.L 4270) buy on deep (S.L 4022).. Resistance for up move at 4144/4168/4240/4270.. Supports 4092/4022/3980/3906..

NIFTY : (4116.70) Today Nifty face resistance at 4155, if cross 4155 then goes up to 4218 and 4320. Nifty find support at 4053, if 4053 break then fall up to 3990 and 3950.

EVERONN : (331.80)

Buy Above 332 target 1-351, target 2-370, stop loss 325
Sell Below 325 target 1-308, target 2-286, stop loss 332

STERLITE : (539.95)

Buy Above 547 target 1-566, target 2-574, stop loss 540
Sell Below 540 target 1-528, target 2-502, stop loss 547

JSW STEEL : (499.95)

Buy Above 506 target 1-520, target 2-545, stop loss 493
Sell Below 493 target 1-485, target 2-462, stop loss 506

GREAT OFFSHORE : (338.20)

Buy Above 345 target 1-360, target 2-372, stop loss 337
Sell Below 337 target 1-322, target 2-294, stop loss 345

REL INFRA : (1121.90)

Buy Above 1132 target 1-1157, target 2-1191, stop loss 1120
Sell Below 1120 target 1-1096, target 2-1071, stop loss 1132

AXIS BANK : (744.75)

Buy Above 756 target 1-769, target 2-818, stop loss 742
Sell Below 742 target 1-730, target 2-715, stop loss 756

PUNJ LLOYD : (175.75)

Buy Above 178 target 1-183, target 2-197, stop loss 175
Sell Below 175 target 1-170, target 2-159, stop loss 178



(*M J Akhtar*)

1. India VIX closed at 52.37 up by 19.81%, 5 dma is 56.04.
2. Put to Call Ratio (PCR) was 0.86, 5 dma is 0.91
3. FII bought for 2,237.63 in cash and sold for 2,434.65, net is -197.02
4. FIIs were net sellers in Futures for 1246.30 crore.
5. FIIs were net buyers in options for 114.76 crore.
6. FIIs were net sellers in Stock Futures for 121.09 crore.
   
7. DII bought for 1,154.58 in cash and sold for 1,292.77, net is -138.19
8. Open Interest in May Futures is 2,94,15,150, up by 41,64,200, or 16.49%
9. Open Interst in June Futures is 1,77,97,950, up by 54,99,950 or 44.72%
10. Open Interest in 4200 Call Option is 40,30,350 up by 15,62,350 or 63.30%
11. Open Interest in 4100 Put Option 18,46,100 up by 71,950 or 4.06%

chandru)

27.05.2009

Yesterday market open huge upside 20 points only, Then market will come more downside upto Nifty Spot and Future 4085 levels. Yesterday market is correction and higher level profit booking in markets. Today market will open huge upside and they will trade 30 to 50 points higher trade in yesterday close levels. But the Nifty future will trade below 4080 levels. The market will go further downside upto 4020 to 3980 levels. The Nifty future previous day close 4120 level this also good support level. When this level not breaken market . It will go huge bounce back and go uptrend upto 4150,4180 and 4220 level only. Tommorrow Future's and Option market will Closing day. So second - off market will better.

Nifty Spot

R-4155/4218/4319.
S-4054/3991/3890.

Nifty Fut

R-4154/4218/4316.
S-4056/3992/3894.

Sensex

R-13700/13880/14172.
S-13408/13228/12936.

Yesterday our buy call first target only achived. But Sell call all target's achived. Today Nifty Buy abv 4150 Sl 4120 tgt 4180,4220,4240 and 4280 levels. Nifty Sell Below 4120 Sl 4150 Tgt 4080,4060,4050,4030 ,4010 and 3980 levels.

(Ilango)

Santy

Well, today nifty could not go much higher after first hour of trading session rather found good resistance below 4190 during noon time. As per my technical analysis, it traded lower below 4200 all day through by making lower highs and lower lows and hence SELL order from 4190 to 4130 intraday target met. If Nifty breaks 4050/40 support level, then we could see it going down to 3911/3842 level. Tomorrow watch the opening level with respect to today’s close(4116). If it goes down and find support in 4080/4110 level, then BUY above 4125 with stop loss below 4080 for target at 4180/4200. However in the event of selling pressure, SELL below 4040 with stop loss above 4080 for target at 3925.

(pankaj564)

LOOK AT TREND LINES

SVShah)

NIFTY (4116.7)

Resistance : 4155 / 4220 / 4265 / 4320

Support : 4085 / 4055 / 3995

SENSEX (13589.23)

Resistance : 13820 / 13880 / 14170

Support : 13415 / 13275 / 13235 / 12890

NIFTY FUT (4114)

Resistance : 4210 / 4310

Support : 4050 / 4020 / 3990

MKT COMMENTS

NIFTY FUT OI (both series) up with increasing volumes indicating unwinding of longs plus forming of shorts too.

We expect NIFTY FUT to trade volatile, bounce expected from lower levels.

On Wednesday,Opening Is Flat To Up,

Buy NIFTY Above 4145/50 Below 4130,Tgt 4175/4195/4230/4255

Sell NIFTY Below 4130/25,Sl Above 4145,Tgt 4080/4050/4020/3980

Results On 27/05/2009 :

BHEL / CAIRN / JINDALSTEEL / MRPL / EMCO / HERCULESHOISTS / GODREJINDS

BUY

CIPLA Above 118,Tgt 123/25/28

REDINGTON Above 225,Sl 215,Tgt 235/40

LICHSG Above 450/55

UNIONBANK Above 200,Sl 190,Tgt 205/15/25+

TATAPOWER Above 1070,Sl 1055,Tgt 1105/35/55/65+++

MASTEK Above 235,Sl 225,Tgt 245/55/65/75

SELL

SBIN (1689),Sl Above 1710,Tgt 1665/50

KOTAK Below 625,Sl 635,Tgt 615/10

PATNI Below 210,Sl 220,Tgt 205/195/185

ZEETELE Below 170,Sl 180,Tgt 160/50/40+

MARUTI Below 955,Sl 965,Tgt 945/25/05+

FUTURES

STER (539.2)

Support : 531/524/524

Resistance 547/553/558/565

HINDALCO : Buy@ 80,Sl 78,Tgt 82/83/84/85/86/87 (Lot Size : 7036)

INDHOTEL : Sell@ 63/64,Sl 65,Tgt 62/61/60/59/58/57 (Lot Size : 7596)

COMEX GOLD (AUG): Rising stochastics at overbought levels warrant some caution for bulls. The close above the 9-day moving average is a positive short-term indicator for trend. The close over the pivot swing is a somewhat positive setup. The near-term upside objective is at 971.3. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 965.3 and 971.3, while 1st support hits today at 952.5 and below there at 945.8.

COMEX SILVER (JUL): Momentum studies are trending higher but have entered overbought levels. A positive signal for trend short-term was given on a close over the 9-bar moving average. Market positioning is positive with the close over the 1st swing resistance. The next upside objective is 1510.2. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 1491.5 and 1510.2, while 1st support hits today at 1448.5 and below there at 1424.3.

(Tanmay Gopal)

KALINDEE RAIL NIRMAN CMP Rs 150 --- BUY

http://www.kalindee.net/web/index.htm

Book Value Rs 87.16 Debt/Equity 0.88 EPS Rs 10.27

Company Profile:

Kalindee Rail Nirman (Engineers) Limited, popularly known as “ KALINDEE”, today stands as the forerunner in the execution of the major Railway Signaling & Telecommunication projects in India. Kalindee has executed with distinction and quality various prestigious projects spread far and wide in the country including Gauge Conversion Project from Meter Gauge to Broad Gauge, New Railway Line Construction, Modernization of Railway yards. Up-gradation of Railway Sidings in ports, Power plants, Petroleum Sidings, Access Control Systems for Metro Rail, Fiber Optic Networks, etc.

Indian Railways have launched an ambitious program to enhance capacity to handle more traffic with speed and safety and have sanctioned a large number of signaling, telecom, track and bridge works. Urban Transport Authorities are introducing Metro Rail Systems.

In order to meet these growing challenges, KALINDEE is already participating in a large number of works and has further diversified into Ballasted and Ballast-less Railway Track , Access Control Systems for Metro Rail, Roads, Buildings and Bridges. Kalindee has also developed links with internationally reputed organizations to provide the latest state of the art technology and construction methods.

Recent Developments:-

The financial services unit of Larsen and Toubro Ltd has raised its stake in Kalindee Rail Nirman (Engineers) Ltd to 14.76%. It is a strategic stake below 15% as L&T intends to bid for contracts, including those related to a dedicated railway freight corridor project, metro and mono rail projects, and make railway wagons.

http://www.livemint.com/2008/11/20002043/LampT-Capital-raises-stake-i.html

With Indian Railways executing more projects through PPP (Public Private Partnership) Model, Kalindee stands to benefit a lot. L&T holding just below 15% gives a possibility of a takeover but for now it is a strategic stake and L&T being a leader in engineering, Kalindee may have an upper hand in implementing the projects. The stock trades around Rs 154 and short-term target can be Rs 184-188, the stock is a value-buy and one can hold for a longer term also for bigger returns.

NIFTY VIEW :- SUP 3999 - 4040 - 4089 - 4102 RESI 4190 - 4242 - 4300 - 4344 - 4401 .... RIL IND VIEW :- SUP 1999 - 2121 - 2146 RESI 2222 - 2288 - 2346 - 2500 ....... TODAY HOLE RGROUP IS HOT HAVY SHORT COVERING ..... RCAP RADY TO MOVE 910 - 999 - 1088 - VERY SOON 1500 ........ ADAG STOCKS ALSO TODAY ROCKET ....BULLS SIDE...!!! TAKE 4 STOCKS FOR DEL .... PENINSULA LAND TGT 160 BEFORE 15 JULLY , GSPL GSPL GSPL BUY BUY BUY EVERY DIPS DEL IT WILL MOVE 77/101 VERY SOON ... NAVNEET PUBLICATION RADY TO MOVE 100/120+++.....BRITANIA RADY TO MOVE 2000 .... PTC , GSPL , PIDILITE , PENINSULA LAND U ALL WILL SEEE JACK POT ALL THIS STOCKS RCOM NEWS IS OUT SEE DNA MONEY PAPER ......!!! RADY FOR BIG BULLS .....!!!