Market View :

Global cues once again dominated proceedings at Dalal street with the indices opening on a strong note. US markets received a positive push after Goldman Sachs reported better than expected earnings. Sensex opened higher by 200 points moving to highs at 19350 levels. However that became the high for the day as Bears once again attacked the markets erasing all the gains taking the indices lower and lower for the day. Sensex moved below the 19K level by mid-afternoon session down by 100 points. However some heavy buying coupled with short covering lifted the sensex back to positive territory in the last hour of trades. SEnsex managed to close with marginal gains for the day at 19091 up by 12 points while the Nifty gained 9 points for the day to close at 5751.

Markets depicted high volatility moving like a see-saw. Most of the sectoral indices moved in tandem with the benchmark index fluctuating between positive and negative territory. Reality , Auto and healthcare posted marginal losses while FMCG, IT & Metals closed with 0.50% gain each. Small-caps stocks were in action managing to post gains of 0.82% due to which market breadth remained in the positive. Advances were at 1883 while Declines were at 1030. FII’s continued to be net sellers s in the equity markets as per provisional data for Rs. 1454 crs while Domestic Funds were net buyers for RS. 350 crs. FII’s had net insflows in the F&O segment as well amounting to Rs. 461 crs.

Markets snapped the 4-day losing streak to gain from lower levels and close into positive range. Technically this indicates a reversal in trend and markets may provide a pull-back rally. Nifty could recover from current levels and move to 5900+ levels in coming days. Remain positive in the markets taking yesterday’s lows as support levels.

MARKET OUTLOOK - 11th DEC. 2007
Market likely to open and trade firm today. Sensex has immediate resistance at 20075 and support at 19800.Sensex may touch 20500 if close/sustain above 20075.Sensex may touch 19500 if close/sustain below 19800.

NIFTY(5960.60)- Resistance-6010,6059 Support-5917,5874

Intraday Recommendations:
Buy NDTV SL 376 TGT 406-15-30.
Buy KESORAM ABOVE 648 TGT 684-707.
Buy GAIL ABOVE 499 TGT 512-517
Buy PRAJIND above 222 sl 216 tgt 230-33.
BUY KIRLOSKAR FRRROUS @ 65.65 SL 63.5 TGT 69-70

F&O Recommendation: (POSITIONAL)
BUY DEC FUT-KOTAKBANK ABOVE 1330 TARGET 1360,1380 SL 1300

Happy Trading…..All the best…..

Market Look - 7-12-07

Market is expected to open on a positive note today following the strong global indices. Trade long in Nifty if it sustains above 6020 levels for upside targets of 6070 and 6150 levels. Alternatively one can assume long positions from lower supports of 5950 and 5900 levels with a final intraday stop loss placed below 5870 levels.

NIFTY(5954.70)- Resistance-6015,6075 Support-5907,5859

Intraday Recommendations:

Buy Bharti @ 940 sl 928 Tgt 1020
Buy Empee Distilleries @ 311.50 Sl 309 Tgt 319

Buy Ranbaxy @ 397 sl 389 Tgt 450

F&O Recommendation: (POSITIONAL)

BUY DEC FUT-RPL ABOVE 234 TARGET 240,244 SL 229

All the best.......Happy Trading.......

MARKET OUTLOOK FOR 5TH DEC

The market is expected to open on a flat to positive note today; traders are advised to assume long positions if Nifty sustains above 5840 levels for upside targets of 5900 and 5950 levels. Alternatively, they can assume long positions from lower supports of 5800 levels with a final stop loss placed at 5770 levels.

Intraday Recommendations:

Buy Hindalco @195 sl 190 Tgt220

Buy Bata above 260 sl 225 Tgt 280-315

Buy Tata motors above 746 Sl 739 Tgt 760

STOCK TO WATCH

RNRL, ANSAL INRA, WWIL, MRPL, 3IINFOTEC, ICICI BANK, YES BANK, RIL, GAMMON.

TODAY'S RECOMMENDATIONS-4 DEC

The market is expected to open on flat to positive note today;traders are advised to assume long position if Nifty sustains above 5850 levels for upside targets of 5900 and 5950 levels. Alternatively, the y can assume long position from lower support of 5800 levels with a final stop loss placed at 5780 levels.

NIFTY(5865)- Resistance-5911,5957 Support-5786,5708

Intraday Recommedations:

Buy IFCI @ 106.80 Sl 105 Tgt 111 (Short term Tgt is 127)

Buy Isapat Industries above 55 Sl 54 Tgt 59

Buy IDBI above 167 Sl 163 Tgt 175

Buy Rcom above 720 Sl 710 Tgt 735-738

F&O Recommendation: (POSITIONAL)

BUY DEC FUT-IDFC ABOVE 220 TARGET 226,229 SL 215

STOCKS TO WATCH:

RNRL, ABB, GARWARE OFFSHORE, JP HYDRO , ADLABS, 3IINFOTEC, ICICI BANK, MIND TREE, RIL, PUNJ LLOYD .

MARKET OUTLOOK - 3rd DEC. 2007

Markets are expected to open on a positive note today. Trade long in Nifty at dips from lower supports of 5680 and 5750 levels for upside targets of 5800 and 5850 levels. Nifty has a crucial
resistance placed around the 5950 mark around which investors are advised to book profits .

NIFTY(5762.75)- Resistance-5820,5876 Support-5669,5576
Intraday Recommedations:

Buy Reliance Energy @ 1734 Sl 1728 Tgt 1795

Buy LITL @538 Sl 514 Tgt 560

Buy Praj @195 Sl 193 Tgt 205

Buy IFCI @ 94.55 Sl 93.20 Tgt 99-102

Buy Idea@122 Sl 100 Tgt 128/130

F&O Recommendation: (POSITIONAL)

BUY DEC FUT-RNRL ABOVE 172 TARGET 176,178 SL 169

Book profits at higher levels and stay in cash…..Happy Trading

Weekly Newsletter

2/12/2007 - 8/12/2007

The Bulls ended the month of November on a positive note led by gains in sensex heavyweights despite some huge volatile movements. Markets recovered from lower levels overcoming F&O expiry jitters and uncertainty over the US subprime tensions. Heavy outflow of FII money during the month too failed to dampen the spirits at Dalal street with Domestic Funds providing to infuse fresh funds into the equity markets. Sensex & Nifty both gained 2.70% for the week by 510 points & 154 points respectively to close at 19393 & 5763.

FII’s continued to be net sellers for most part of the week but turned net buyers on the last day of the week. Cummulative figures for the week in the equity segment were marginally in the negative for apprx Rs 135 crs {incl Friday’s positive figures for Rs. 1088 crs}. The Derivatives segment had net inflows for the week for Rs. 4480 crs. Domestic Institutions continued to support markets in form of buying and were buyers for all 5 trading sessions in the last week totaling to almost Rs. 1500 crs.

Crude prices could not touch the magical $100 mark and crashed to lose more than 10% closing at the week’s lows at $88 mark. Crude price have broken crucial support levels and could gain momentum on the higher side above $94-$95 levels.

WORLD MARKETS

Equity markets all around the Globe were boosted by Fed Reserve comments for further interest rate cuts. Major international markets rallied after sentiment improved on Wall Street. Dow Jones registered its largest percentage gain for the year as US stock rebounded on news of Abu Dhabi govt infusing US7.50bn in Citigroup. Asian as well as European markets rallied with most of them posting weekly gains of over 4% each. {except the Shanghai index which closed lower by 3%}

SECTORAL INDICES

Gains were seen in almost all the sectoral indices on the BSE after most of them had taken a hit in the previous week. Auto stocks found fresh buying support after Crude prices declined almost 10% from the record highs. Banking sector gained on optimism of the Fed Reserve will cut interest rates in its forthcoming meeting. Metals were the biggest gainers for the week. The metal index rose by 6.8% on back of strong buying in Steel stocks and Sterlite Inds.{ stock gained 17% }. IT stocks too found buying support rising by 4% for the week. Cement companies were in the news after they announced a Rs 5-10 per bag increase. Reality stocks gained after the Maharashtra govt abolished the Urban Land Ceiling Act and on Land deals in Mumbai fetching some mind-boggling valuations. Oil refinery stocks recovered sharply from lows to close higher for the week with the help of gains from RPL, Essar Oil, Mrpl & Bongaigoan Refn. Sensex gainers for the week included Bajaj Auto +6%, HDFC +10%, Bhel +5%. ACC & Hindalco were the ones dragging the sensex lower.

MID-CAP ACTION

Both the sectoral indices closed at their highest weekly level with gains over 4% for the week. Mid-caps and small-caps were once again amongst the actions with the infusion of 15 new stocks from the mid-cap space in the F&O segment. All the newly introduced stocks were the top gainers in the mid-cap space. Stocks like Everready, WWIL & DCB gained more than 25% for the week . Mid-cap media stocks & steel stocks were in limelight. Mid-caps have outperformed markets and could continue doing so for the coming months.

Markets may consolidate before reaching new heights. Momentum Positive.

Markets lost almost 1700 points in four trading sessions on back of some heavy selling pressure from the FII’s. This along with negative cues from all around the world had the indices depict some volatile movements and head down south. The indices have been moving in a huge trading range between 20K & 18K and have not been able to breach the all time highs at 20208 mark. There have been strong resilience at 20K mark and buying supports coming in at 18200-18300 mark. Global pressures could ease out in coming days which could lend support to the markets. Technically the levels of 18600 & 5500 are very important levels for the BULLS and a breach below this could spell problems & take the markets lower to 17K & 5200 mark. I strongly feel that the correction from 20K to 18K may have been over and markets would be headed to test the new highs once again. F&O expiry week could bring in volatility, but remain positive.

Source:jaldimoney