Technical Analysis_12Nov10

Markets may open with downside gap  and expected trade lower till noon. Selective buying can be seen in the second half. Overall trend remains sideways to negative.


SENSEX (20589)

Sensex has Resistance at 20782, 20825, 20901 . Support at 20547,20419,20389,20251.

NIFTY (6194)

Resistance at 6223, 6246, 6261.Support at 6160, 6140 and 6115

RECOMMENDATIONS

1) APOLLO (70.35)
   Support at 68.9 and 66.Resistance at 72.5 and 74.1

2) CIPLA (332)
   Resistance at 336. Support at 330,327 and 324(Sell at higher))

3) WIPRO (429)
   Stock is weak below 434. Support at 427, 425 and 421.(Sell at higher)

4) ICICI BANK(1237))
   Support at1231, 1225 and 1218.Resistance at 1245 and 1262 (Sell at higher)

5) RELIANCE CAPITAL(814)
   Resistance at 821. Above it can even test 825 and more. Support at 811 and 807. (Sell at higher)

DERIVATIVE STRATEGIES

• SELL TATA STEEL AT 638
• SELL DLF AT 349

Stock Tips for 12th Nov'10

NSE - Intraday Stock Tips for 12th Nov'10

For more tips visit my blog on a daily basis - http://naveekuma.blogspot.com

Results for 11th Nov'10

Results for the Intraday Stock Tips given for 11th Nov'10

Stock Tips for 11th Nov'10

Intraday Stock Tips for 11th Nov'10

For more tips visit back on a daily basis - http://naveekuma.blogspot.com

Technical Analysis_10Nov10

Markets may open with a downside gap and is expected to trade sideways. Higher level selling is expected.

Sensex (20932)

Sensex has resistance at 21042. Support at 20881, 20797 and 20736.

NIFTY (6301)

Resistance at 6325, 6331 and 6344. Support at 6280, 6265 and 6240.

RECOMMENDATIONS

1)    PANACEA BIOTEC (217.6)

Support at 214 and 209. Resistance at 219 above it can test 224 and 236. (Buy at declines for short term)

2)    ICRA (1443.85)

The stock has resistance at 1460 above 1485 and 1503. Support at 1420 and 1405 levels. (Buy at lower)

3)    SUJANA TOWER (190.35)

.     Support at 183 and 175 (Buy for short term). Resistance at 192 and 197 above it can test 205 and more.

4)    HINDALCO (231.7)

Support at 227 and 223 levels below more selling is expected. Resistance at 235 above 240.

5)     LAKSHMI OVERSEAS (84.3)

   Support at 80 and 76.75 levels (Buy at declines). Resistance at 88 if moves up then it can test 93 and 99.

DERIVATIVE STRATEGIES

SELL HINDALCO FUTURE AT 240

Technical Analysis_08Nov10

Market may open with an upside gap and is expected to trade higher. Minor profit booking can be seen throughout the day.

Sensex (21004)

Sensex has resistance at 21063, 20243 and 20394. Support at 20881 and 20748.

NIFTY (6312)

Resistance at 6328, 6336 and 6361. Support at 6295, 6286, 6270 and 6244.

RECOMMENDATIONS

1)   CIPLA (352.95)

Support at 349.9 and 345. Resistance at 355 if moves up with volumes then it can test 359 and 362. (Buy at declines)

2)    ONGC (1379)

The stock has resistance at 1386 above 1405 and more. Support at 1368 and 1359 levels. (Buy at declines)

3)    CAIRN (332)

Support at 328 and 253 (Buy at declines). Resistance at 265.5 above it can test 338, 343 or more.

4)    VIDEOCON INDUSTRIES (262)

Support at 258 and 120.85 levels. Resistance at 265.5 above 271 and 278 and more. (Buy at declines).

5)     TISCO (623.55)

Support at 618 and 613 levels (Buy at declines). Resistance at 628 if moves up then it can test 631 and 636.


DERIVATIVE STRATEGIES
BUY CAIRN FUTURE AT 328

SELL BPCL FUTURE AT 768

Technical Analysis_05Nov10

Muhurat Trading Deepavali 2010 - Happy Trading

The pre-opening session of the market begins for mahurat trading with the Nifty and Sensex indicating a strong start today. Normal trading will start at 6.15 pm.Market may open with a positive note, Due to overbought situation profit booking can be expected and this can cause volatility.

Sensex (20893)

Sensex has resistance at 21012, 2119. Support at 20744, 20698 and 20562.

NIFTY (6281)

Resistance at 6301, 6325 and 6353. Support at 6256, 6246, 6230 and 6210.

RECOMMENDATIONS

1)    JINDAL STEEL(719)

Support at 715 and 710. Resistance at 721 if moves up with volumes then it can test 728 and 732. (Buy at declines)

2)    STERLITE (181)

The stock has resistance at 183 above 188. Support at 178 and 175 levels. (Buy at declines)

3)    BHEL (2525)

.     Support at 2513 and 2498 (Buy at declines). Resistance at 2533 above it can test 2550, and 2560.

4)    INFOSYS (3077)

Support at 3065 and 3047 levels. Resistance at 3085 above  3099 and 3130. (Buy at declines).

5)     HDFC BANK (2389)

   Support at 2375 and 2363 levels (Buy at declines). Resistance at 2397  if moves up then it can test 2425 and 2450.


DERIVATIVE STRATEGIES
BUY KOTAK FUTURES AT 483

Technical Analysis_03Nov10

Market may open with a positive bias and may trade higher till noon. Selective buying can be seen in the second part of the day.

Sensex (20345)

Sensex has resistance at 2419, 20501 and 20610. Support at 20300, 20221 and 20032.

NIFTY (6119)

Resistance at 6137, 6149 and 6193. Support at 6104, 6090, 6060 and 6030.

RECOMMENDATIONS

1)    SPICE JET (88)

Support at 86 and 84.75. Resistance at 90 if moves up with volumes then it can test 93 and 100. (Buy at declines)

2)    ABAN (811)

The stock has resistance at 814.5 above 821 and 837. Support at 805 and 799 levels. (Buy for short term)

3)    WIPRO (433)

.     Support at 428 and 425 (Buy at declines). Resistance at 436.9 above it can test 441, 447 and 453.

4)    ICICI BANK (1231)

Support at 1215 and 1206 levels. Resistance at 1238 above 1245 and 1266 and more. (Buy at declines).

5)     ABG SHIPYARD (476)

   Support at 470 and 464 levels (Buy at declines). Resistance at 478  if moves up then it can test 483 and 494.

 DERIVATIVE STRATEGIES

BUY WIPRO  FUTURE AT 420

BUY RANBAXY FUTURE AT 595

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Technical Analysis_02Nov10

Market may open with a negative bias and may trade sideways till noon. Selective buying can be seen in the second part of the day.

Sensex (20355)

Sensex has resistance at 20387, 20489 and 20565. Support at 20174, 20100 and 20932.

NIFTY (6117)

Resistance at 6131, 6142, 6172 and 6201. Support at 6110, 6075, 6055 and 6028.

RECOMMENDATIONS

1)    LUPIN (445)

Support at 436 and 429. Resistance at 447 if moves up with volumes then it can test 458 and 465. (Buy for short term)

2)    DB REALTY (430)

The stock has resistance at 435 above 450 and 464. Support at 421 and 415 levels. (Buy at declines)

3)    TECPRO SYSTEMS (425.5)

.     Support at 418 and 410 (Buy at declines). Resistance at 432.5 above it can test 441, 450 or more.

4)    JP ASSOCIATES (124.6)

Support at 122.1 and 120.85 levels. Resistance at 126.1 above 129 and 133. (Buy at declines).

5)     CAIRN INDIA (324)

   Support at 320 and 317 levels (Buy at declines). Resistance at 326.5 if moves up then it can test 333 and 337.6.

 
DERIVATIVE STRATEGIES

BUY GAIL FUTURE AT 488

BUY RCOM FUTURE AT 181