Indian Stock Market Views & Intraday Trading Hints for 7th June 2011

A false breakdown below 5480 just to trap the shorts that best signified todays nifty move from 5475 to 5545. Nifty today broke a support little too early anticipating a weaker europe only to see a flattish opening and this may have forced intra shorts in scurrying to cover.

Trades for Tuesday :  Contra trades will work - Enter in longs near 5505 . Sl for longs will be below 5480 and sl for shorts will be above 5595, apt entry will be near 5555.


Have a Nice Trading Session!!!

Back after an unscheduled break and nifty is just about in the range i last mentioned about. Monday market may feel some jitters on what has happened in Delhi as the markets try to recover from the RIL effect. Currently there are not much positives for the market and with more skeletons rolling out of the closet in the spectrum scandal negative tendencies may continue.

Trades for Monday : Longs at 5490 with an sl below 5480. Shorts below 5480 with an sl above 5525. Risky Longs if Nifty opens in the flat and moves above 5525. More Longs Above 5555.

Buy Muthootfin Above 179 SL 176 Tgt 183 185
Sell Gmrinfra  - sl Above 33.5 Tgt 31 30

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 1st June 2011

The steady upmove was not affected even with a lower than expected GDP data with the markets not breaking 5480 levels. Now nifty has resistance at 5565 5650 5750 and Supports at 5520 5500 5490.

Trades for the day: Longs near 5515 with an sl below 5490. Shorts Below 5485 and Risky shorts once nifty drifts below 5545 with an sl above 5565. Risky longs if Nifty sustains above 5565  with an sl below 5545.

BUY LICHSGFIN Above 233 sl below 231 Tgt 236 238 240.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 31st May 2011

Nifty spot has failed to close above 5485 spot for the 2nd consecutive trading day. Nifty now has resistance at 5480 and once nifty fut is able to hold the 5480 levels then more longs will come into the market. On the lower side nifty will have supports at 5440 and 5400 and below it further selling will start.

Trades for the Day: Sell Nifty near 5490 with an sl above 5530. Long Nifty near 5450 with an sl below 5440. Contra trades wont work , so be careful with nifty.

Sell Muthootfin Below 173 sl Above 176 - Tgt 170 167

Have a Nice Trading Session 

So expiry tremors showed that the nifty has indeed made a base and in the coming days we have to see if nifty is able to hold on to its new support. Since the Egom meeting is scheduled for next week we can expect support from the oil and gas counters, all expecting the govt to free the controlled pricing system.

Nifty Resistances at 5430 5350 5485 & Supports at 5400 5370

Trades for Friday : Long Nifty at 5400 lvls with an sl below 5365 - Long Nifty also above 5485 for 1-2 days. Short Nifty (Can be risky as this is the first upmove after a big correction) around 5440 with an sl above 5485 and also below 5365.

Cash Call : -  Buy Polaris with an sl below 180 for Tgts 187 190 195

Have a Nice Trading Session & Weekend.

Indian Stock Market Views & Intraday Trading Hints for May 26th 2011

So has our markets found a base for a bounce back. With expiry day, it will be one volatile session. Looking at the next series discount on Nifty futures we can quite plainly say more shorts.

Trades for Thursday : Risky Longs if Nifty opens flat or just in the green with an sl below 5330 and More longs above 5370 and look to exit near 5450. Risky Shorts can again be taken if nifty opens flat with an sl above 5375 and Shorts near 5450 with an sl above 5485.

Cash Counters to Watch : Sell Tatasteel  : Tgt 556 550 545 - Sl 568

Have a Nice Session - As always - Its Expiry and i wont advise to trade heavy.

Indian Stock Market Views & Intrday Trading Hints for 25th May 2011

So has a bottom been made, 5360 held today and that will be quite crucial. Well the bears must have been frustrted in the last one week as nifty movement below 5450 was not as expected and it showed the resilence of the local bulls. The next couple of days it will be choppy as expiry is nearing and we can see rollover of positions but as of now any sudden rise will invariably lead to shorts.

Trades for Wednesday : Risky Longs if Nifty opens flat with a sl below 5365 & Longs Above 5410 with an sl below 5380. Shorts Below 5365 with an sl above 5395 & Risky shorts if nifty opens flat with an sl above 5415. Shorts near 5450 with an sl above 5480

Kotak Bank : Buy Near 413 with an SL below 410 - Tgts can be 419 425 430

Have a Nice Trading Session!!!



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