Trading Advice

NIFTY is turning negative & volatile. Exit from intraday buy positions. But don't go short. No stock is given proper sell signal. Selling only possible once NF falls below 3600

Share Tip 1

Buy ORIENTBANK above 137.10. Target - 141, 143. SL - 134.90.

Global Market Indian ADR's

In Asia: China's Shanghai Composite rose 0.53% or 13.52 points at 2,573.43. Hong Kong's Hang Seng gained 0.58% or 94.78 points at 16,475.83. Singapore's Straits Times added 2.19% or 44.36 points at 2,073.07. Taiwan's Taiwan Weighted advanced 0.65% or 40.87 points at 6,371.27.
Yesterday in US mkts: Dow Jones gained 214.3 points or 2.6% at 8427, Nasdaq ended up 44.3 points or 2.6% at 1764 and S&P 500 ended up 30 points or 3.4% at 907.2
Indian ADRs rallied on Monday as US markets ended higher. ICICI Bank was up 14.16% at $ 23.46 and HDFC Bank was up 10.31% at $ 82.67. In IT space, Wipro was up 12.04% at $ 10.61, Infosys was up 6.71% at $ 32.76, Satyam Computers was up 1.13% at $ 1.79 while Patni Computers was up 4.53% at $ 8.08. Tata Communication was up 3.81% at $ 23.95 while MTNL ended lower by 7.82% at $ 2.71. In other sectors, Sterlite Industries was up 11.62% at $ 9.51, Tata Motors was up 5.65% at $ 7.86 and Dr Reddy’s Labs was up 2.09% at $ 11.23

Share Tips

INDIAINFO
Buy CMP: 82.50 or Lower
Target - 86, 88, 89. SL - 78.90
Alert 1: Don't remain long below 78.90
Above 90, Delivery Target - 97. Delivery SL - 77

ITC
Buy only above 208.10....
Target - 212, 215, 219. SL - 204.90
Alert 1: Don't remain long below 199.90

RANBAXY
Buy CMP: 171.60 or Lower
Target - 176, 179, 184. SL - 166.90
Alert 1: Don't remain long below 166.90
Kotak Mahindra Bank Ltd,Buy 426 Stoploss 411 Target 439
Axis Bank Ltd,Buy 612 Stoploss 603 Target 625
Tata Motors Ltd,Buy 258 Stoploss 252 Target 268
Larsen & Toubro Ltd,Buy 952 Stoploss 939 Target 972
BUY Punj Lloyd Stop Loss 122 Target 139
BUY IFCI Stop Loss 23 Target 32
BUY GVK Power & Infrastructure Stop Loss 25 Target 33
BUY Petronet LNG Ltd Stop Loss 48 Target 59
RELCAPITAL BUY in 565 target 573,581 SL 544
ICICIBANK BUY in 529 target 537,546 SL 514
HDFC Bank Buy only Above 1192 target1235, 1260 SL1180
Suzlon Buy only above 66 target 68,70 StrictSL 65
Buy ICSA India between Rs 116-120 for Target of 132 in 2-3 days Stop Loss 114
Buy Indian Hotels Company between Rs 52-55 for Target of 62 in 4-5 days Stop Loss 48 Short Sell Educomp Solutions between Rs 2300-2340 for Target of 2050 in 2-3 days Stop Loss 2420
Short Sell DLF between Rs 232-235 for Target of 218 in 1-3 days Stop Loss 240

Market Opening & Nifty Support - Resistance

NIFTY expected to open flat and some profit booking is expected. Support exist till 3480. Below 3600, NF can fall down easily towards 3500.
NF Crossing above 3675
Will move up towards
3691 - 3713 - 3749
Crossing over 3760 with volumes?
It will blast all the way to
3776 - 3819 - 3840
On the Lower Side
ALERT: Support exist up to 3500 bcoz of yesterday's gap up. Any fall up to 3500 is not a correction & only profit booking
NIFTY Future breaking below 3636
Can fall up to
3625 - 3608 - 3559. Below 3550?
Can fall up to
3519 - 3496 - 3483

Shares Tips

Buy Idea Cellular between Rs 58-60 for Target of 68 in 2-3 days Stop Loss 54
Buy Reliance Power between Rs 123-126 for Target of 146 in 2-3 days Stop Loss 118 Buy Reliance Capital between Rs 525-535 for Target of 590 in 2-3 days Stop Loss 510
ICICIBANK
Buy only above 485.10....
Target - 499, 504, 515. SL - 476.90
Alert 1: Don't remain long below 463.90
Delivery Target - 538. Delivery SL - 432
BHARTIARTL
Buy only above 765.10....
Target - 780, 787, 799. SL - 751.90
Alert 1: Don't remain long below 734.90
Delivery Target - 842. Delivery SL - 712
CANBK
Buy only above 202.10....
Target - 207, 209, 212. SL - 197.90
Alert 1: Don't remain long below 187.90
Delivery Target - 223. Delivery SL - 181
BUY HDIL Stop Loss 135 Target 179
BUY Unitech Stop Loss 40 Target 52
BUY Suzlon Energy Stop Loss 58 Target 79
BUY Jaiprakash Associates Stop Loss 128 Target 154
BUY TCS in 623 target 671,677 SL 612

Global Market Indian ADR's

Asian markets opened sharply higher in the morning session on Monday as optimism grows over recovery in the U.S. economy.Data on Friday showed consumer confidence had recovered.Hang Seng Index rose 2.95 precent,up 457.78 points to 15,978.80.Shanghai Composite Index up 2.05 percent up 50.85 points to 2,528.42 .Straits Times Index was up 2.34 percent 46.43 points to 1,966.71.Korean benchmark index KOSPI opened at 1,386 and is currently up 20.22 points, 1.48 percent higher at 1,389.58.Shares of banking, steel and shipbuilding firms are trading higher.Hyundai Motor are trading higher by 2 percent.Hyundai Steel is up with a sharp gain of 4.5 percent.In Banking,Korea Exchange Bank is up 4.6 percent,Woori Finance up by 9 percent.Japanese markets are closed for the Golden Week holidays.
Investors are waiting for the release of the U.S. government's bank stress tests, which was due on Monday but now will be released on Thursday.Nymex crude oil futures were up 20 cents on Globex at $53.40 a barrel.
On Friday, the 30-stock Dow Jones industrial average rose by 44.29 points, up 0.54 percent, to 8,212.41. The broad Standard & Poor's 500 index gained 4.71 points, up 0.54 percent, to 877.52. The tech-heavy Nasdaq composite index gained 1.90 points, up 0.11 percent, to 1,719.20.

European stocks rallied after better-than-expected earnings from Ford Motor, American Express and Italy’s Eni SpA.Banking stocks rose BNP Paribas and Barclays gained more than 4 percent.Oil stocks BP, Shell and Total gained between 4.8 to 5.4 percent as crude rose $1.67 a barrel to $51.29.Italy's Eni rose 5 ercent after better-than-expected earnings.Volvo was down 1.8 percent after it posted more than expected first-quarter loss.
FTSE 100 index ended higher 3.43 percent up 137.76 points to 4155.99,Germany's DAX closed up 3 percent up 136.11 points to 4674.32,France's CAC 40 gained 3.13 percent up 94.23 points to 3102.85.
On Friday, the 30-stock Dow Jones industrial average rose by 119.23 points, up 1.50 percent, to 8,076.29. The broad Standard & Poor's 500 index gained 14.31 points, up 1.68 percent, to 866.23. The tech-heavy Nasdaq composite index gained 42.08 points, up 2.55 percent, to 1,694.29.
Crude oil rose $1.93, or 3.9%, to settle at $US51.55 a barrel in New York Mercantile.Gold futures jumped to a three-week high in New York.Prices for June delivery gained $7.50, or 0.8%, to $US914.10.Copper rose in New York after a four-day decline.

Market Opening & Nifty Support - Resistance

NIFTY expected to open with huge gap up by 100+ points. NIFTY may simply cross 3600 and even can go up to 3650 in no time. Big gap ups don;t give great buying opportunities
NF Crossing above 3496
Will move up towards
3512 - 3530 - 3542
Crossing over 3545 with volumes?
Fireworks on cards up to
3584 - 3591 - 3617
On the Lower Side
ALERT: Yesterday's closing will act as support. Breaking below that itself is a sign of intraday weakness
NIFTY Future breaking below 3472
Can fall up to
3463 - 3454 - 3426. Below 3420?
Can fall up to
3392 - 3376 - 3352