Wednesday, April 22, 2009
Global Market Indian ADR's
Yesterday in US mkts: Dow Jones ends up 128 points or 1.6% at 7970, NASDAQ up 36 points or 2.2% at 1644, S&P 500 up 17.7 points or 2.1% at 850.
In Asia: China's Shanghai Composite was up 0.51% or 12.88 points at 2,548.70. South Korea's Seoul Composite rose 0.51% or 6.88 points at 1,343.69. Hong Kong's Hang Seng was up 0.66% or 100 points at 15,386.95. However, Singapore's Straits Times fell 1.57% or 29.57 points at 1,857.68. Japan's Nikkei was flat at 8,709.63. Taiwan's Taiwan Weighted was flat at 5,882.76.
Indian ADRs rallied on Tuesday. In Banking space, HDFC Bank was up 5.17% at $ 70.6 and ICICI Bank was up 2.21% at $ 16.62. In IT space, Satyam Computers was up 6.56% at $ 1.95, Infosys was up 0.37% at $ 27.21, Wipro was up 1.87% at $ 8.16 and Patni Computers was up 3.13% at $ 6.92. In Telecom space, Tata Communication was up 1.21% at $ 22.63 and MTNL was up 1.04% at $ 2.92. In other sectors, Tata Motors was up 1.17% at $ 6.94, Dr Reddy’s Labs was up 0.57% at $ 10.61 while Sterlite Industries was down 1.17% at $ 7.6.
In Asia: China's Shanghai Composite was up 0.51% or 12.88 points at 2,548.70. South Korea's Seoul Composite rose 0.51% or 6.88 points at 1,343.69. Hong Kong's Hang Seng was up 0.66% or 100 points at 15,386.95. However, Singapore's Straits Times fell 1.57% or 29.57 points at 1,857.68. Japan's Nikkei was flat at 8,709.63. Taiwan's Taiwan Weighted was flat at 5,882.76.
Indian ADRs rallied on Tuesday. In Banking space, HDFC Bank was up 5.17% at $ 70.6 and ICICI Bank was up 2.21% at $ 16.62. In IT space, Satyam Computers was up 6.56% at $ 1.95, Infosys was up 0.37% at $ 27.21, Wipro was up 1.87% at $ 8.16 and Patni Computers was up 3.13% at $ 6.92. In Telecom space, Tata Communication was up 1.21% at $ 22.63 and MTNL was up 1.04% at $ 2.92. In other sectors, Tata Motors was up 1.17% at $ 6.94, Dr Reddy’s Labs was up 0.57% at $ 10.61 while Sterlite Industries was down 1.17% at $ 7.6.
Market Opening & Nifty Support - Resistance
Alert: Last Hope for Bulls 3305.....
Any up move in NIFTY now only above 3514...
Last 5 days NIFTY highs are between 3415 to 3511
NIFTY lows are between 3309 - 3359
So the circle is formed between these ranges
Until unless NIFTY break-down or break-up any of these levels
Markets will trade volatile in narrow band
Keep SL in NIFTY for longs @ 3305
Same for NIFTY Future is @ 3295
Or better keep one SL for both @ 3290
"VOLATILITY WILL RULE THE MARKET"
NF Crossing above 3376
will move up to hit..
3394 - 3424 - 3442
Crossing over 3445?
It will fly like jet towards
3464 - 3489 - 3513
On the Lower Side
NIFTY Future breaking below 3355
Can fall up to
3346 - 3337 - 3319 - 3308. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3264 - 3223 - 3158 - 3147
Any up move in NIFTY now only above 3514...
Last 5 days NIFTY highs are between 3415 to 3511
NIFTY lows are between 3309 - 3359
So the circle is formed between these ranges
Until unless NIFTY break-down or break-up any of these levels
Markets will trade volatile in narrow band
Keep SL in NIFTY for longs @ 3305
Same for NIFTY Future is @ 3295
Or better keep one SL for both @ 3290
"VOLATILITY WILL RULE THE MARKET"
NF Crossing above 3376
will move up to hit..
3394 - 3424 - 3442
Crossing over 3445?
It will fly like jet towards
3464 - 3489 - 3513
On the Lower Side
NIFTY Future breaking below 3355
Can fall up to
3346 - 3337 - 3319 - 3308. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3264 - 3223 - 3158 - 3147
Tuesday, April 21, 2009
Share Tips4
Sell CENTURYTEX only below 210.90. Target 204, 199. Strict SL - 217.10.
TCS Fut Short Below563 Target-554,543 Sl-566
TCS Fut Short Below563 Target-554,543 Sl-566
Share Tips
SELL Tata Steel Stop Loss 270 Target 234
SELL Cairn India Stop Loss 197 Target 160
SELL Jaiprakash Associates Stop Loss 127 Target 97
SELL GMR Infrastructure Stop Loss 130 Target 93
SELL ICICIBANK in 427 target 421,416 SL 436
SELL Cairn India Stop Loss 197 Target 160
SELL Jaiprakash Associates Stop Loss 127 Target 97
SELL GMR Infrastructure Stop Loss 130 Target 93
SELL ICICIBANK in 427 target 421,416 SL 436
New In Market
RBI, will unveil its credit policy today. Many economists do not expect the RBI to change the repo or the reverse repo rate in its policy announcement today. But the coin is in RBI's hand
Global Market Indian ADR's
Yesterday in US mkts: Dow Jones lost 290 points or 3.6% at 7,841.7, NASDAQ drop 65 points or 3.9% at 1608, S&P 500 down 37.2 points or 4.3% at 833.
In Asia: China's Shanghai Composite was down 0.72% or 18.31 points at 2,539.14. Hong Kong's Hang Seng slipped 3.70% or 582.45 points at 15,168.46. Japan's Nikkei tumbled 3.35% or 299.06 points at 8,625.69. Singapore's Straits Times fell 2.87% or 53.77 points at 1,821.08. South Korea's Seoul Composite shed 1.97% or 26.33 points at 1,310.06. Taiwan's Taiwan Weighted declined 1.61% or 92.84 points at 5,688.82.
Indian ADRs plunged on the first day of the week. In Banking space, ICICI Bank was down 7.14% at $ 16.26 and HDFC Bank was down 5.93% at $ 67.13. In Telecom space, Tata Communication was down 2.74% at $ 22.36 and MTNL was down 2.69% at $ 2.89. In IT space, Wipro wad down 5.43% at $ 8.01, Infosys was down 3.11% at $ 27.11, Satyam Computers was down 2.66% at $ 1.83 while Patni Computers was up 0.9% at $ 6.71. In other sectors, Tata Motors was down 4.99% at $ 6.86, Sterlite Industries was down 3.51% at $ 7.69 and Dr Reddy’s Labs was down
In Asia: China's Shanghai Composite was down 0.72% or 18.31 points at 2,539.14. Hong Kong's Hang Seng slipped 3.70% or 582.45 points at 15,168.46. Japan's Nikkei tumbled 3.35% or 299.06 points at 8,625.69. Singapore's Straits Times fell 2.87% or 53.77 points at 1,821.08. South Korea's Seoul Composite shed 1.97% or 26.33 points at 1,310.06. Taiwan's Taiwan Weighted declined 1.61% or 92.84 points at 5,688.82.
Indian ADRs plunged on the first day of the week. In Banking space, ICICI Bank was down 7.14% at $ 16.26 and HDFC Bank was down 5.93% at $ 67.13. In Telecom space, Tata Communication was down 2.74% at $ 22.36 and MTNL was down 2.69% at $ 2.89. In IT space, Wipro wad down 5.43% at $ 8.01, Infosys was down 3.11% at $ 27.11, Satyam Computers was down 2.66% at $ 1.83 while Patni Computers was up 0.9% at $ 6.71. In other sectors, Tata Motors was down 4.99% at $ 6.86, Sterlite Industries was down 3.51% at $ 7.69 and Dr Reddy’s Labs was down
Market Opening & Nifty Support - Resistance
NIFTY Future breaking below 3359
Can fall up to
3340 - 3330 - 3308 - 3295. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3264 - 3223 - 3158 - 3147
On the Higher Side
Crossing above yesterday's close price will have intraday positive impact
NF Crossing above 3382
will move up to hit..
3392 - 3403 - 3429 - 3442
Crossing over 3445?
It will fly like jet towards
3464 - 3489 - 3513
Can fall up to
3340 - 3330 - 3308 - 3295. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3264 - 3223 - 3158 - 3147
On the Higher Side
Crossing above yesterday's close price will have intraday positive impact
NF Crossing above 3382
will move up to hit..
3392 - 3403 - 3429 - 3442
Crossing over 3445?
It will fly like jet towards
3464 - 3489 - 3513
Monday, April 20, 2009
Market Opening & Nifty Support - Resistance
Today Expect Negative Opening
The support levels are deep in NIFTY up to 3300 mark. Even any sell off up to 3300 mark cannot be considered as a correction
NIFTY Future breaking below 3366
Can fall up to
3354 - 3337 - 3308 - 3295. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3251 - 3223 - 3158
On the Higher Side
NF Crossing above 3395
will move up to hit..
3408 - 3420 - 3459
Crossing over 3464?
It will try hard to kiss
3489 - 3498 - 3513
The support levels are deep in NIFTY up to 3300 mark. Even any sell off up to 3300 mark cannot be considered as a correction
NIFTY Future breaking below 3366
Can fall up to
3354 - 3337 - 3308 - 3295. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3251 - 3223 - 3158
On the Higher Side
NF Crossing above 3395
will move up to hit..
3408 - 3420 - 3459
Crossing over 3464?
It will try hard to kiss
3489 - 3498 - 3513
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