Market View 30/1/2013 10:30am

Market has shown correction yesterday and was able to hold 6040 levels.
The correction was more of a profit taking and still we do not see any
panic in it.

You can Buy Nifty if market moves above 6080.

Reliance has completed its correction and started its journey towards
uptrend. If you already have it, you can either average it or hold.

Else, you can BUY @ 895-900
SL - 880
Target - 920, 940, 960
Duration - 1 month

Market volatile, do not hold longs until expiry

Market is highly volatile and it is advisable not to hold any longs until
market corrects and gives a meaningful bounce.

Market is likely to have a good amount of correction and since there is
expiry in 2 days, better keep positions light

Market view 29/1/13 1:25pm

Market had discounted 25 basis Repo rate cut and it is clearly
showing that.

Sell Nifty @ 6080-6090
SL - 6110
Target - 6040, 6020, 6000
Duration - Intraday

ACC has reversed, now it is a good BUY

ACC has taken support at 200 DMA and now it can move higher.
If you have short position, cover and go long, else you can take
position.

ACC BUY @ 1330-1335
SL - 1320
Target - 1340, 1360, 1380
Duration - 1 month

Stock Tip 28/11/2013 11:45am

Market would be range bound with 6000 on downside and 6200 on
upside. It is better to trade in stocks instead of index.

Sell ACC @1330 - 1340
SL - 1350
Target - 1320, 1300, 1285
Duration - 1 to 3 days

Our targets of Nifty, Havells, Mcleod Russel all hit

You can see our Intraday target of 6080 achieving on Nifty.
Even Havells hit its 1st target of 460.
Our Sell call of Mcleod Russel for 330 (actual 331) also was
achieved.

You can see the accuracy of levels for Tata Steel, our stop loss
was 398 and the days low is 398.55. So it showed that the stock
has completed its correction and ready for new rally.

Reliance will take little more time for consolidating and once it
hits 940 and starts moving above it, you can see fresh rally.

Market has reversed, Buy Nifty

Market has taken support and reversed, you can
BUY Nifty @ 6035-6040
SL - 6020
Target - 6080, 6100
Duration - 1 to 2 days

Market view 25/1/2013 10:50am

Market is in corrective mode. Do not take any fresh long positions.
Any positions you are already holding, follow strict stop losses
and wait for the dip to buy at lower levels.

You can short Nifty @ 6030-6040
Stop loss - 6060
Target - 6000, 5980, 5950
Duration - 1 to 3 days

You can see Mcleod Russel melting.

Sell Karnataka Bank @ 154-155
Stop - 158
Target - 150, 140, 120

Mcleod Russel & Tata Steel 1st target achieved

Our both calls of Mcleod Russel sell call and
Tata Steel Buy call have hit their first target.

Market is showing weakness and may now test
6000, 5980. If this level breaks, you can see
market correcting upto 5940.

But for today, i do not see market breaking so much
until 5980-6000 holds.

You may see a bounce from any of these levels.

Market View and recommendations 24/1/2013

Market has been range bound and this range bound situation may continue
and you may see some stock specific actions. 6020 has shown that it is
acting as strong support as of now. Downside risk as informed earlier
is limited and market is in bullish mode. But the resistance at 6100-6130
is equally strong.

US markets have been showing some great strength and have started making
new highs. US market rally may become the next trigger since there are not
much triggers left from local perspective.

For tomorrow,
Sell Mcleod Russels @ 340-350
SL - 360
Target - 330, 320, 310.
Duration - 1 month

Buy Tata Steel @ 400 - 405
SL - 398
Target - 410, 420, 440, 460
Duration - 1 month

Bajaj Auto short call target achieved

Today you can see that our target for Bajaj Auto of 2010 has achieved.
HUL has been struggling to move up ans selling pressure is still high.
You can short again around 470-480
SL - 495
Target - 460, 440, 420

You need to exit at any of these levels and wait for next move.
Don't keep waiting for last target and get stuck.

RIL is quite resilient, so you can continue holding long.

Havells can be bought @ 640-650
SL - 630
Target - 660, 680, 700, 720
Duration - 1 month

HUL target achieved, RIL also quite strong

You can see that today our HUL target achieved. As soon as it breached
495, it cracked down till our target of around 460.

RIL has been quite strong and it is not showing any weakness. There could
be some small corrections upto 900-905, but it would give opportunity to
BUY only. After it breaks 940 with volumes, you can see good rally from
there.

Market is now in correction mode, it may test the following levels:
6019, 6000, 5980, 5950.

Please note that these are important levels and they may act as reversal
points too. For the Janurary series, the downside is limited to max. 5950
and upside can be upto 6200+.

Market Update 21/1/2013 12:45 am

Market breadth is looking weak and you will get opportunity to short
at higher levels, around 6080 to 6100
SL - 6120
Target - 6040, 6020, 5980

Avoid Reliance for the time being as we see shorts being at higher
levels. You can short it for targets of 900, 880 and from there you
may again start seeing buying interest coming.

HUL has 200 DMA at 495, if it is able to hold this level, then it
can reverse, else you can get the targets which have been given.

Market View 21/1/2013

Market undertone is bullish as i have been always telling you.
But there are many stocks which have been in over bought
situation and there could be lot of volatility to be seen.

One positive note is that the put writing open interest has shifted
from 5800 to 5900 and slowly even 6000 is also picking up.
So the index might still keep jumping between 5980 to 6120, it
is advisable not to trade in nifty and trade in stock specifics.
If you get good rates, you can surely buy or sell in the above
mentioned range.

Reliance result has surprised the market and you may see huge
rally in the stock and it may not be surprising if Reliance crosses
1000+ mark within a day or two.

So, Buy Reliance @ 900 - 920
SL - 880
Target - 940, 960, 1000, 1050, 1100
Duration - 1 to 3 months

Sell Hindustan Unilevel @ 490-500
SL - 510
Target - 480, 470, 460, 440
Duration - 1 month

Market view 18/1/2013

Market is in clear uptrend, but there is lot of volatility at this level.

For tomorrow, the Nifty levels to watch out are:
Supports: 6000, 6019, 6042
Resistance: 6058, 6070, 6100

If market opens above 6053 and holds this level upto 11am, then you
can Buy Nifty with stop loss at 6038, for target of 6100, 6130

Sell Bajaj Auto @ 2060 - 2070 (spot levels)
Stop loss - 2080
Target - 2050, 2030, 2010

Market view 7/1/2013

Market as informed earlier is up only.
There could be small halt around 6065-6080.
If there is continuous buying at this level, then
the immediate target would be 6150.

This week is results season starting and hence
the focus should be stock specific only.

Stock Pick for today:
Buy ABB @ 716-720 (Spot Price)
Stop Loss - 704 (Closing basis)
Target - 730, 736, 742, 749, 760, 780, 800
Duration - 1 month

Market view 4/1/2012 1:45pm

Market is in clear uptrend but there is lot of congestion at this area
and hence would not be able to go up very easily. There are complete
stock specific actions that you can see.

Till market reach 6150, all dips are to be used for buying only.
There can be a dip upto 5950 - 5930 once. Wait for it to enter the
market again.

Todays recommendation:
Buy LIC Housing @ 293-294 (Future levels)
Stop Loss - 290 (closing basis)
Target - 297, 300, 303, 310, 320
Duration - 1 to 2 months

Market View 2/1/2012 9:08 am

Market has broken important channel at 5950 with high volumes yesterday.
Now it will move up atleast 100-150 points in 2 days.

Buy Nifty @ 5980-5990 (Spot levels)
Stop Loss - 5950
Target - 6030, 6080, 6150
Duration - 1 to 3 days

You can also Buy Bank Nifty at open with todays low
as stop loss, for a target of 13000, 13200