INDIAN STOCK MARKET VIEWS AND TRADING & INVESTMENT CALLS By Ramkumar

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

2011-06-06T22:53:00.000+05:30

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!!!

2011-06-05T22:01:00.000+05:30

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

2011-05-31T20:53:00.000+05:30

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

2011-05-30T20:42:00.000+05:30

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

2011-05-26T20:23:00.000+05:30

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

2011-05-25T19:52:00.001+05:30

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

2011-05-24T20:00:00.000+05:30

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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Indian Stock Market Views & Intraday Trading Hints for 20th May 2011

2011-05-19T20:35:00.000+05:30

A frustrating day for the bears but a day of hope for the bulls, whether a bottom can be made here is debatable with so much negativity in the cards. With the expiry just 5 days away the shorts may get jittery and may cover and this may force a bottom being made for this expiry. The negativity has persisted even with Dow and Europe holding on and if on thursday Dow & Europe close in the negative then things could get nasty on the downside.

Trades for Friday : Short if Mkt opens flat and trades below 5430. Longs if market opens gap up above 5445 (Small tgt until 5515 is cleared, from where fresh longs can be taken)

Counters to Watch for Trade: Sell IDBI below 131.5 Sl Above 133 - Tgt 129 126, Sell LIC Housing Below 205.5 Sl Above 208.5 - Tgt 202.5 199 - LIC can be bought if trading above 210 with a sl below 208.5.

Have a Nice Trading Session & Weekend!!!

Have a Nice Trading Session

Indian Stock Markets Views & Intraday Trading Hints for 19th May 2011

2011-05-18T20:49:00.000+05:30

A day when more was expected on the downside but nifty played the balancing act even though the negativeness affected more individual counters. Nifty will see a hazardous fall if the govt decides to free the diesel pricing mechanism and the market forces wont like the governemtn going back on the market based pricing mechanisms.

Either way its gonna be a tough time for the markets and with couple of biggies result expected in the coming days market will hang on to its tenter hooks.

Trades for Thursday : Tricky Thursday as we can expect a gap up based on the current DOw and Europe markets. Short at 5465 with an sl above 5515 (risky sl) and shorts if nifty trades 5405 as well. Risky longs above 5485.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 18th May 2011

2011-05-17T18:52:00.000+05:30

So it was a terrible and terrific tuesday afterall, terrific for the shorts and terrible for the longs. Now we have to wait and see if fall today is a direction maker. The fall was helped by SBI no doubt but the way nifty held even after breaking the 5470 levels wasnt that convincing for fresh shorts.

Trades for the day: Short Nifty at 5465 & if opens flat with an sl above 5485 and final positional sl above 5515. Longs above 5485 with an sl below 5465.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for May 17th 2011

2011-05-16T20:15:00.000+05:30

As expected a gap down day but nifty was able to hold on to the important support levels, tuesday will be an importnt day which can guide the short term move of the market. It can be a terrible or terrific tuesday and this applies for both the longs and shorts as market can decide on a direction today.

The fuel price hike in petrol to a certain extent wont affect the markets but it is the diesel price hike that will hurt the market more and if crude weakens more then the chances of a diesel price hike wont happen.

Trades for the day: Short Nifty at 5500 with an sl above 5540 and Short more below 5460. Longs above 5540 with an sl below 5490.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for May 13th 2011

2011-05-12T20:26:00.000+05:30

Well "Friday the 13th" the day made famous by the many Hollywood horror movies. Just as expected nifty stopped at 5475 levels but since it happened in the last 30 minutes we will have to wait till tomorrow to find out where exactly we are headed. If the results are as expected , ie UPA wins with a big majority in WB, Kerala & Assam and with a slight margin in TN then in all probability we can expect nifty trying to form a base here but if the results are vastly different than expected the political rumblings will be affecting the markets as well.

Trades for Friday: short nifty at 5520 with an sl above 5550. Longs near 5475 with an sl below 5440 (Can be little risky if US drifts more. Risky shorts if nifty opens flat with an sl above 5550.

Have a Nice Trading Session & Weekend Ahead

Indian Stock Market Views & Intraday Trading Hints for May 12th 2011

2011-05-11T20:22:00.000+05:30

One news that worried me when i looked at the morning papers is the possible fuel price hike announcement after the 13th of May. Its looking even more ominous as crude has bounced back enough to cause jitters. Fuel price will hike will try to negate the 50bps rate hike and it will put RBI in even tighter space with future rate hikes. So the first indication for traders is to watch out on crude and since 13th is a friday, Monday 16th May can be quite volatile.

Nifty Supports at 5525 5475 5425 Resistance at 5585 5605 5655 5675

Trades for Thursday : Longs above 5585 with an sl below 5540 and Shorts below 5535 with an sl above 5565 and more shorts below 5525.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for May 11th 2011

2011-05-10T21:02:00.000+05:30

After just one day of upmove on friday, two flat days for our markets. Going ahead Nifty will have strong supports at 5470 levels and that will the stop loss for any longs now. Saying that i havent mentioned about going long in the last few days for a positional trade but i had mentioned about a possible retracement bounce and possible shorts at higher levels.

Nifty supports are at 5525 5475 5450 Resistances at 5560 5585 5605

Trades for the day @ Longs near 5475 with a sl below 5440 and Longs above 5585 with an sl below 5540. Shorts if nifty opens flat with an sl above 5585.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for May 6th 2011

2011-05-05T20:14:00.000+05:30

Our markets today tried its best to hold on to the supports but once Europe started to give away we followed in a much volatile manner. Nifty will see some support at 5425 and if that also gives way then we can see further selling till 5370 5310. Since this is the last trading session for the week traders who entered into late shorts are suggested to square of some positions.

Trades for Friday : Any shorts now will have to have a bigger stoploss as the falls have been vertical and at any point of time Nifty can give a retracement recovery. If Nifty opens flat or just in the green, short with an sl above 5485. Longs at 5425 with an sl below 5390 and above 5485 with an sl below 5450.

Have a Nice Trading Session & Weekend.

Note: I have noted that recently on some occassions the web page displays the godaddy webpage instead of tradercalls.in. On some occassions it may correct if the cache is cleared and the browser is restarted again. Dont know the exact problem and am trying to get an answer from the host service, please bear with the inconvenience.

Indian Stock Market Views & Intraday Trading Hints for May 5th 2011

2011-05-04T18:05:00.000+05:30

As expected there was some buying support at 5520 levels and this will remain the support for nifty and for longs. Even though banks opened weak most of them recouped some of their losses to close in the green.

The rate hike's after effect will be felt in the coming weeks as it will surely affect the rate sensitives via diminishing new sales due to higher interest rates and these counters will be a strict no for any short term investments. Auto's, Pvt Real estate firms are the first casualty and surely will hit the loans portfolio of banks and they in turn will show in the bottom line if the rates stay at this level. Another fear is the fuel price hike which may come any time and how they can fuel inflation but the chances of a fuel hike may not come in as the govt is trying hard to contain inflation.

This week the rate hike will be like a hangover and next couple of days up move will see entry of fresh shorts.
Trades for thursday : Short Nifty Below 5515 with an sl above 5550 and more shorts below 5470. Longs above 5555 with an sl below 5520.

Have a great session!!!

Indian Stock Market Views & Intraday Trading Hints for May 4th 2011

2011-05-03T20:43:00.000+05:30

The unexpected happened and the expected happened on the downside. 100 Points in one day after the supports were broken at 5650, Now the movement of our markets will be purely based on how the banks are able to cope this unexpected change.

Nifty supports now at 5530 5480 5450 5410 Below it further sell off and panic will set in. Nifty Resistance at 5565 5600 5625 5665 5695

Trades for the day : Long Nifty Near 5520 with an sl below 5470, Risky Long Nifty @ 5560 sl at 5470 Short Nifty at 5625 with an sl above 5665, Risky Short Nifty @ 5560 with an sl above 5600.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for May 3rd 2011

2011-05-02T19:46:00.000+05:30

Was todays fall the market digesting the rate hike desicion?, Chartwise Nifty has closed near the support and if RBI on tuesday hikes anything more than the expected 25 Bps we can see further selling otherwise we can expect the markets to show a semblance of buying support coming in at 5690 levels.

Longs will have to exit their longs if Nifty breaks 5650 levels and positional shorts can build up their shorts with an sl above 5750.

Trades for the Day: Before the Announcement. Risky longs near 5700-10 with an sl below 5685 as longs may build up expecting only a 25Bps. Risky shorts near 5735 with an Sl above 5765 as shorts may build up expecting a higher rate hike. After the announcement : Longs Above 5765 with an sl below 5730. Shorts Below 5720 with an sl above 5750.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for May 2nd 2011

2011-04-30T20:17:00.000+05:30

Newtons 3rd Law States " For every action, there is an equal and opposite reaction" . Thats how i can best say how the steady fall in the US dollar is one of the reasons helping the spike in the price of Gold.

Couple of things we have to watch out for this week will be the RBI meet and the continuing results season announcements. Unless RBI doesn't go in for a shock either by way of unexpected rates hikes or if it chooses a very hawkish stand the markets will meander away until any major supports or resistance is broken. It will have to take cues from overseas markets.

Trades for Monday : Longs near 5740 with an Sl below 5720. Shorts near 5780 with an sl above 5805.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for April 27th 2011

2011-04-27T20:00:00.000+05:30

Even though the global markets were on the positive sides, that was not reflected on our markets. This can be attributed to the Carry over or Squaring off volatility. This trend can be seen for Thursday as well but by the end of the session we can get a sense of where nifty is headed for the first week of the next series.

The supports & resistances will be the same as i had mentioned couple of sessions back. The trend can change if Nifty is able to close above 5940 6012 Spot on the upside and on the downside. 5675 will be an important support.

Trades for Thursday : Buy Nifty above 5860 with an sl below 5825 Sell Nifty Below 5820 with an sl above 5855.

Have a Nice Session!!!

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

2011-04-25T20:04:00.000+05:30

Its raining Gold , Silver & Crude as the major commodities are firing up. While in the case of crude its the situation in the gulf and to an extent demand. The old adage of gold as an investment against the risky equity and currency risks has not changed one bit but actually has increased the interest with even many central banks stocking gold, not to say of the many institutions. But this time around, it is the massive participation by the retailers as well, with Gold ETF's across the world seeing higher volumes.

Nifty Resistance 5935 5910 5885 Supports 5865 5820 5785 5760.

Trades for Tuesday : Short Nifty near 5885 with an sl above 5915. Risky Long near 5865 with an sl below 5855 , Buy Nifty above 5915 with an sl below 5885. Risky Shorts below 5860 with an sl above 5885. Expiry this week means untimely spikes.

Have a great session & Week ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 21st April 2011

2011-04-20T19:45:00.000+05:30

The last trading day of the week before we troop off for an extended weekend. Todays move if sustained on thursday can curtail the downtrend for the next few weeks atleast. Thursday will be an important day with IT major TCS coming up with its result and if it is able to beat the street then we can assume Nifty marching ahead.

Trades for the day : Shorts below 5835 Sl above 5850. Longs with an sl below 5835 for a tgt of 5890 5910. Warning if nifty opens flat but not able to sustain above 5865 spot.

Have a Nice Trading Session & Weekend Ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 20th April 2011

2011-04-19T20:15:00.000+05:30

As expected Nifty did bounce from the supports at 5700 levels and going ahead in the next couple of days we have to see how nifty is performing at 5820 levels. With the results coming the markets wont tank easily, next couple of days will be keenly watched as other IT majors are expected to announce their results.

Trades for the day : Sell Nifty below 5720 Sl 5750. Sell More below 5690. Longs (if opening flat) with an sl below 5720 for a tgt of 5820 initially. More longs above 5825.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 19th April 2011

2011-04-18T22:00:00.001+05:30

Start of the week could have trapped some longs , taken stoplosses both sides but ultimately the day belonged to the shorts. The volatility is such that any overnight trades are turning to be quite a nightmare, with the markets taking the initial cue's from the US and Asian markets.

Nifty has closed again right at the supports giving no hint what so ever where nifty is headed. Nifty resistances are at 5745 5765 5825 and Supports are at 5695 5675 5650. As mentioned nifty spot below 5650 will be breakdown point.

Trades for the day: Longs near 5700 with an sl below 5690 & Longs above 5745 with an sl below 5710. Shorts below 5690 with an sl below 5715.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 18th April 2011

2011-04-16T19:27:00.000+05:30

Infy & Inflation were the two dreaded words for the markets on Friday. It easily dragged the market down and nifty just about closed near its first support. Going ahead other IT counters results will be keenly watched and if they replicate Infy then one can see a sell off in the other IT counters (We have noticed quite bit of downside in the other IT stocks as well).

Nifty has resistance at 5980 5920 5905 5865 5845 and supports at 5820 5750 (Important support) 5675 5650 (break down support).

Trades for the day: Sell Nifty below 5820 sl Above 5850 - Long Nifty above 5850 sl 5825.

Have a Nice Trading Session & Week Ahead

Indian Stock Market Views & Intraday Trading Hints for 15th April

2011-04-13T20:03:00.000+05:30

The way markets rebounded from the important support of 5750 it was if some positive news for the markets are out or is expected soon. Expectant result season is the only thing that can be positive for the markets right now other factor has been the FII activity which has been more concentrated towards the buy side.

Trades for Friday: Long nifty with an sl below 5885 for a tgt of 5980 6010. If nifty spot is able to close above 6012 spot expected market to head towards alltime highs within a week's time. Risky Shorts near 5980 with an sl above 6030. Risky Shorts below 5880 with an sl above 5915.

Meanwhile crude is a worry and any further upmove may take it to panic levels. Crude has support at 95-90 and it may well settle here before making any move.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 13th April 2011

2011-04-11T19:24:00.001+05:30

As expected nifty was closing on the weaker side helped a little by the weak IIP number, The shorts sl can now be moved above 5850. Nifty is approaching the supports at 5775 - 5750 levels and hence trades at that level will be tricky. If Nifty breaks that levels we can expect a 1% dip and hence some risk can be taken with the trade.

Trades for the day: Short near 5820 with an sl above 5850 or short if nifty opens flat for a tgt of 5775 5760 & 5675-50. Longs near 5760 with an sl below 5750 or max 20 points.

Have a Nice Trading session!!!

Indian Stock Market Views & Intraday Trading Hints for 11th April 2011

2011-04-09T19:36:00.000+05:30

Has the downtrend just started or is it stabilizing?. Hmm seems i have to give the answers. By the look of it Nifty has just stopped below major resistance point as traders would look at booking the profits now. The main problem with this upside rally is the situations around us doesn't convince everything is fine and gungho. For some, this was a relief rally after the almost 20% downside last month, for others the rally was technical bounce back, for someone like me the rally to an extent was a relief rally but the latter half was a little bit perplexing with nifty moving oblivious of the global situation. But the charts always gave an indication where nifty was headed.

Nifty trades for this week. Best & Perfect shorts where near the 6000 levels but we got it only uptill 5985 levels and risky shorts also paid well, but as experienced traders would say "Until a trade is executed we never know whether it is right or wrong".

Those who are holding the shorts @ 5910 & 5880 can hold with an sl above 5880 with a tgt of 5775. Fresh shorts again if Nifty opens in the green or flat as well. Longs atleast above 5885 only with an sl below 5850.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 7th April

2011-04-06T19:14:00.000+05:30

Was todays move consolidation for further up move or has the rally ended. Other than the oil prices which i have been mentioning there is no new negative news flow. But the past negative news (crude, West Asia & North Africa, Japan) is not something that we can just wipe under the corner also.

Trades for the day: Risky Sell Nifty @ 5910 SL 5945 Tgt 5880 . Sell Nifty Below 5880 or Spot 5870 Sl above 5910. Buy Nifty above 5945 sl below 5900 exit at 6000. Short at 6000 sl above 6035.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 5th April 2011

2011-04-04T18:17:00.000+05:30

So the worldcup joy, strong Asian bourses give our markets a great day. We may have forgotten what has been happening just for a day or two. Well cant blame but a reminder with Oil hitting a two year high and as hinted few days back its nearing $110.

An oil shock is what we want as we know what happened the last time around with the sudden spike causing huge problems to our markets. Well what are the other problems other than the volatile west asia & north africa.

We have our own problems with inflation and oil spike will make it worse, one big example is the price money given to the cricketers with a crore being given as a lakh. It is not big money anymore just that the things got more expensive or should i say "inflationnary".

So what's next for Nifty. Nifty has closed above 5860 spot and on tuesday we can see nifty at 6000 levels which i had said few sessions back. Nifty spot if closing above 6012 spot (which will be the resistance in fut) we can expect nifty to go towards the all time highs created few months ago. Since 5675 spot has been broken only intraday shorts would work and the steady upmove meant those who didnt exit at the sl are stuck big time. What ever be the sentiments when the markets behave irrationally we have to go with the flow or levels.

Trades for Tuesday : Short nifty at 6000 with an sl above 6040, sell nifty below 5910 sl 5940. Longs if open gap down at 5880 with an sl below 5860. Longs if nifty opens flat with an sl below 5910 with a tgt of 6000.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 4th April 2011

2011-04-03T17:56:00.000+05:30

Let me start of this week first by Congratulating Our Cricket team in winning the World Cup. There are somethings in life which you will cherish for a long long time and thanks to the Indian Team for providing this great achievement.

Keeping the victory in mind, lets us look forward for the week ahead. Nifty has just settled down after continuous uptrend for the last couple of weeks. Meanwhile the global scene hasn't changed much, as is crude and the markets move will be purely technicals. Nifty now has resistance at 5905 5880 5865 & Supports at 5835 5790 5760 5735 5710

Trades for the day : Longs above 5885 sl 5840. Shorts below 5840 sl 5870.

Have a Nice Trading Session!!!

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

2011-03-31T20:26:00.000+05:30

A day for the pranksters But even more important day for Indian Stock Markets, new financial year begins with this. Traditionally april has been a month which has given positive movements in the markets and if Nifty continues to be in this raging mood then we can hope April to end in the positive territory as well.

Couple of things from the global markets, Oil has touched a new high at $106 and if readers remember i had said that crude will be bullish above $96 levels and now we can expect near 110 levels and a panic may set in above that particular level. The rise in crude is purely speculative trading and any sensitive issues can make it even more volatile. For India fighting inflation, the continuous and steady rise in oil is a cause of big worry.

Nifty Resistance are at 5880 5865 5840 Supports at 5800 5780

Trades for the day: Shorts if opening flat with sl above 5865 or max 5880. Longs near 5810 with sl below 5780. More shorts below 5780.

Have a Nice Trading Session & Weekend & A Great Financial Year

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

2011-03-30T19:36:00.000+05:30

Finally an Expiry with so much volatility, Nifty it seems is heading for the 5860 resistance levels. The premium of Nifty fut has been steady all these days and shorts have not been given any clear opportunity in the last 8 sessions. The gain has been almost 10% in 8 sessions straight.

Since its expiry i always say the traders to stay away other than to square of their positions. At this point of time getting a perfect trade can be quite tricky. Shorts near 5840 lvls with an sl above 5870 and longs near 5800 with an sl below 5770 (if opening flat) and Shorts below 5780 with an sl above 5815.

Nifty Above 5865 levels has resistances at 5890 5940 5980 6000.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 30th March 2011

2011-03-29T20:21:00.000+05:30

6th continuous day of steady uptrend for the Indian markets. With expiry two days ahead late entrants into the shorts have been literally smothered with the only alternative being to carry over their positions in case the shorts were placed on the futures. The move above 5675 was expected but the continuous and steady move without any pause is a little bit apprehensive. But the fall from 6150 to 5180 had also been similar with no major trend reversal during the entire fall.

The global scene has changed much and our markets have reached a stage where it needs further news flow to decide its direction. Now Nifty has resistance at 5765 5830 5865 and further move about this will take it to 6000 levels.

Trades for the day : Short Nifty with an sl above 5775 if trading below 5735- Long nifty above 5775 with an sl below 5735.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 29th March 2011

2011-03-28T19:53:00.000+05:30

Nifty finally closed above 5675 without much fuss but personally speaking i would enter longs now but will wait until the rollovers are completed. Since the rise has been straight nifty after clearing the resistance range would settle down before further movement. Nifty could spend couple of session here as nifty spot moving over this range can give another 5-6% move.

Trades for the day: Shorts at 5710-15 with an sl above 5750 and longs near 5680 with an sl below 5660. Any trades at this level is with risk as after 4 continuous days of up move some volatility can be expected.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 28th March

2011-03-25T17:37:00.000+05:30

After 4 continuous days of uptrend many late entrants in the shorts are stuck, unless the US markets do something tonight we will have our own moves, with oil in the high range we are not out of the woods by any means. The upside doesn't mean the downside is over. Or since it is the cricket season shall i say " Its not over until the fat lady sings"

Trades for Monday : This is resistance zone : So shorts will work, if nifty opens gap up take some risk and short with an sl above 5715. Risky shorts will be if nifty opens flat with the same sl. Longs taken from above 5445 levels should have exited by now and should retake longs once nifty closes above 5675 in spot. One contra long now if nifty opens flat and then drifts down, can try for a long near 5665 with an sl below 5635.

Thursday's match went our way .... Now two more matches for us to win the cup!!!

Have a great trading session and week ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 25th March

2011-03-24T20:34:00.002+05:30

Even with Oil ruling the roost , our markets seem to have digested the shock as of now. Real worries would come in only if there is a supply shock as the supplies have been quite normal. But rising oil would put pressure on our govt to continue holding the rates at this level. 5330 - 5555 in two days flat is quite a good bounce, this was well supported by the other global markets due to their own reasons. If the Asian market cues for friday morning are positive then in all probability Nifty can take out the previous high of this month at 5610 levels and head towards 5565 5600 5630 5655 5675 levels.

Trades for the day: Longs with a sl of 5510 for the with the resistances at tgts. Risky Shorts if nifty opens flat and then goes below 5510 with a tgt of 5490 5450.

Have a Nice Trading Session and a great weekend.

Indian Stock Market Views & Intraday Trading Hints for 24th March 2011

2011-03-23T20:19:00.001+05:30

With 6 more sessions for expiry and end to this financial year the downside can be counted off until the expiry day. But until and unless nifty spot closes above 5675 spot and goes above 5720 spot in Intraday the intermediate downside is not over. So lets concentrate on the session for Thursday.

Trades for the day : As specified yesterday longs above 5445 hold with a tgt of 5515 and now upgrade the sl to 5480. Longs can again enter if nifty opens flat with an sl below 5480. BTST would be if Nifty spot closes above 5515 spot for a tgt of 5550 and above. Shorts if nifty breaks 5480 after acheiving 5515 or a risky short at 5510 levels with a sl at 5565.

As an after thought : Tmrw we have the India Vs Aus match so watch out for that as we may see thin volumes!!! Its Cricket and Its worldcup. Hope India wins tmrw and Beats Pak in s/f on the way to winning the worldcup.
Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 23rd March

2011-03-22T20:53:00.000+05:30

This was expected from the markets today with a well supportive Asian markets and tuesday's global markets and Nifty held its bottom supports well but has failed to cross and hold the 5445 level.

Going ahead Nifty will face resistances at 5445 5485 5515. Shorts will cover once nifty is able to close above or give indications of closing above 5515 in spot. Nifty supports lies at 5425 5410 5385.

Trades for the day : Longs above 5445 with a target of 5485 5515, Shorts Below 5410 with sl above 5445 and more shorts below 5385.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 22nd March

2011-03-21T20:18:00.000+05:30

A day when almost all the markets were in the green and we ended up in the red. Going ahead Nifty will be under tremendous pressure to hold this support unless some good fortune comes across, which currently looks impossible. FII's have been net sellers and they continue to do so, and out of them the Japanese FII's will have to be keenly watched from now on.

Nifty supports 5360 5330 5285 5260.
Nifty Resistances 5400 5420 5445.

Trades for the day : Short Below 5360 Sl 5400. Longs will be risky now at 5365 levels but worth a try with a small sl. Longs if nifty moves above 5445 with a BTST.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 21st March

2011-03-20T16:28:00.000+05:30

The closing for Nifty spot on Friday is on the weaker side. Few factors like the RIL news about lower gas output, Interest rate worries combined with high inflation, rising crude oil prices and the increasing nuclear worries in Japan helped in making the nifty bearish throughout. The nuclear worries have subsided a little bit with the Japanese being able to shut down one of the damaged reactors but the other two factors are going to cast their shadow on our market. With the news on escalating tension in Libya crude prices will continue to rule the roost which in turn will aide the already burning inflation put pressure on the RBI.

Nifty supports at 5375 5360 5330 5285. Important support here will be at 5360 levels.
Nifty Resistance : 5420 5445 5480

Trades for the day : Shorts near 5445 with an sl above 5505 , Risky shorts at opening if Nifty trades below 5410. Longs above 5415 and if gap down near 5365 with a small sl.

Have a Nice Trading Session & Week ahead.

Indian Stock Market Views & Intraday Trading Hints for 18th March 2011

2011-03-17T20:55:00.000+05:30

Where can we expect nifty on Friday, as the last day of the week it will be an interesting day of trade. Nifty spot has just closed at the support and we can expect some kneejerk movements tommorow during the earlier part of the trade.

Nifty has supports now at 5375 5400 5410 5440 and Resistance at 5505 5485 5460

Couple of external factors that we have to keep a close eye is Yen and Crude. The stress on the already almost deflationary economy of Japan is going to be massive and we have to see how the international community or the goverments react to such financial situations. Just before the Japanese situation we were sitting uncomfortably technically but now we are also sitting with fundamentally negative news that can affect the financial world. The main reason being the financial reach of Japan and its capital influence on many major markets and countries. India in the past few years have seen quite a good amount of FDI from Japan, the latest being the Rcom tower business's planned buy.

Trades for the Day: Shorts near 5480 with an sl above 5505, More shorts Below 5445 and Even More below 5400. Longs Above 5515 sl below 5490.

Have a Nice Trading Session & Weekend!!!

Indian Stock Market Views & Intraday Trading Hints for 17th March 2011

2011-03-16T20:44:00.000+05:30

Inside the band is what we are seeing of this market, with its inability to close above 5555 or further and also steadfastedly holding on the 5400 levels show that traders are not yet ready to commit. Since there are not many important events ahead, we may be in this band for few more days. But traders are adivised to keep the levels in mind and play accordingly as the gains can be immense. Downside will be over for the time being if nifty is able to close above 5675 spot or move above 5725 in Intraday. The Japanse crisis is and will be the biggest factor all the markets will be following as of now.

Traditionally the month of February and March are positive for the markets in terms of the money flow into the markets with the financial year end tax savings money coming in to the markets and since the markets have corrected nearly 20% from the high, retail investors may not be averse to investing in the equities. Not to say much about the selling tactics of the MF's and Insurance companies (sic). Another Important factor is to see how crude moves in the coming days and weeks.

Trades for the day : Shorts if Nifty Opens below 5505 with an SL Above 5545. Longs If Nifty goes above 5565 with an sl below 5505.

Nifty Supports 5505 5485 5470 Nifty Resistances: 5535 5565 5600

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 16th March 2011

2011-03-15T20:14:00.000+05:30

A day when lot was expected from our markets based on what Japan and Asia were doing. But after breaking the 5400 levels initially Nifty covered much of its loss by midday and closed near the support of 5450. The last few days or should i say few weeks that Nifty spot has not been able to close above 5550 and that will be the point to watch immediately.

Nifty Supports : 5375 5400 5410 5440

Nifty Resistances : 5535 5515 5490 5465

Trades for the day : Again the Asian markets will play an important role and after the initial movement, we can expect nifty to move on its supports & resistants. If Nifty opens flat and then moves down but holds 5410 then one can enter longs with a 15 point sl or take some risk and enter near 5420 with an sl below 5395. Shorts below 5400 with an sl above 5450 and Risky shorts near 5470 with an sl above 5505.

Nifty Break out Point : 5675 (Spot closing Basis)

Nifty Breakdown Point : 5400 (Spot closing Basis)

I have a strong feeling that, the above points will be crucially during the intraday itself.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 14th March 2011

2011-03-12T20:00:00.000+05:30

Friday our markets followed the Asian and European markets as the news on Japanese disaster came during the market hours. The US markets held on their own after the previous day's deep cut. The situation in Japan meanwhile has gone to worse from bad as the news on blast at their nuclear establishments. Even though the financial loss due to the event may not be arrived soon, the fall in yen was an indication how serious this issue is.

Since our markets didn't have any issues to counter locally other than the polls and related activities, we will be following the global happenings even more closely.

Nifty on Friday bounced from 5400 its intermediate support, we can see some knee jerk reaction if on Monday nifty treads below 5400. Trades for the day : If nifty opens gap down near Fridays low but not below 5400 then traders can long with a small sl of 15 points. Shorts can enter again if nifty opens flat with an sl above 5500 also below 5400.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 11th March 2011

2011-03-10T20:22:00.000+05:30

The last day of the trading week, we can expect some intraday action based on the IIP figures announcement. With more than few negative issues yet to be solved the upside will be quite tough, but until Nifty closes below 5400 spot, it wont be negative either.

For the day nifty will have support at 5475 again traders are suggested to take short positions once nifty drifts and sustains below it sl will be above 5515. Longs can enter only if nifty moves above 5555 with an sl below 5500. Risky longs can enter above 5515 with sl below 5475.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 10th March 2011

2011-03-09T22:20:00.000+05:30

5475 will remain the intermediate support for nifty atleast for this week. Going ahead, Longs traders can keep 5475 for intraday and 5400 as positional sl. Short traders may have take a little bit of risk now shorting around 5565 levels. Shorts can be added near 5670 levels with an sl above 5720.

As in every trading day, there was also a market mover today and that was Rcom which spiked based on positive news, and we can expect nifty to be range bound unless Nifty spot closes above 5675 or 5400.

Trades for the day: Long above 5555 with an sl below 5500 , longs near 5485 sl below 5475. Shorts below 5475.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 9th March

2011-03-08T20:12:00.000+05:30

Nifty is back to where it was on friday after testing its support at 5400. Again traders watch that point as that will be the sl for Longs now. Nifty's resistance points now 5650 5675 5710 and the turnaround point will be when Nifty spot closes above 5675 or if it breaches 5710 during the intraday.

The global situation hasnt changed much with the situation in Libya. Two things two watch are how oil and Gold continues its journey as of now. The momentum is for more upside with gold clearly having the edge. The chances of Libyan situation getting out of hands and disturbing the whole of the region is quite far off now. With both the US and UK trying hard to dislodge the Gaddafi regime.

Nifty trades for the day : Shorts if nifty drifts below 5500 with sl above 5540 and Longs (small qty) near 5520 with sl below 5500. More longs above 5565.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 4th March 2011

2011-03-03T20:44:00.000+05:30

A day when the markets consolidated rather trying to breakout or breakdown as if waiting for some cues. For the moment our market will have to follow global markets and also how the Middleast situation shapes up. Nifty now looks set for 5670-5710 levels and closing above 5745 we can touch 6000 levels.

Nifty Resistances 5565 5600 5620 5650 5675
Nifty Supports 5535 5505 5475

Nifty Break Out : Closing basis 5675 Spot
Nifty Break Down: Closing basis 5400 Spot

Trades for the day : Longs near 5510 with Sl below 5480. Risky Longs above 5575 sl 5535. Shorts Below 5475 sl 5515 Risky shorts if Nifty opens flat with an sl above 5575.

Have a Nice Trading Session and Weekend!!!

Indian Stock Market Views & Intraday Trading Hints for 3rd March 2011

2011-03-02T20:33:00.000+05:30

What could have happened to our markets if the budget did not happen on the 28th? Would there have been a rally? What was there in the budget that gave the markets the boost? or is it just a relief rally coupled with some short covering , or is it a rally because the budget was non populist. Well these are some questions that will be asked again and again. In a sentence " The budget has been an ordinary but a balancing budget whereby too much expenditure has been avoided and thanks to the spectrum sale proceeds which has boosted the revenues which was not expected to this level."

For the traders, the major activity is over and its back to where we left, Nifty now stands just a pinch lower to its 5565 resistance point and it all possibility will go towards 5670 - 5710 levels if that is captured. On the downside Nifty spot closing below 5400 will make the markets go into negative mode.

Trades for the day, Longs near 5450 with an sl below 5400. Trader can also long if nifty sustains above 5565 albeit the sl will be below 5505. Since the US markets on Tuesday and Asian markets on Wednesday closed weak, we can expect the effect of that on our markets on Thursday. In case Nifty does open with a small gap up but trades below 5560, one can take a risky short with a small sl of 10-15 points.

Nifty Resistance : 5565 5620 5650 5675 Nifty Supports: 550 5485 5425 5400 5375

Have a Nice Trading Session!!

Indian Stock Market Views & Intraday Trading Hints for 25th Feb 2011

2011-02-24T19:07:00.000+05:30

One of the many expiries to remember. The difference could be noted in the pre open session itself when Nifty opened below 5000 and finally struggled to 5400 levels by the close of the pre open session. Is this an indication where nifty is headed.

Now Nifty small support is at 5225 and a somewhat better support at 5180. Below that Nifty will have supports at 5085 5020 4985. Resistances are at 5315 5330 5375 5400 5440.

As of Now, I would prefer to hold my shorts anticipating a break of 5225 and 5180, the only doubt is how the budget will pan out and affect the markets. If Nifty opens gap up we can add further shorts until 5400 and this one trade below 5425 can be one big trade if keep a trailing sl and keep some positions.

Longs can stay back for the moment and watch, only high risk traders think of longs, that will be either near 5225 or 5180.

Have a Nice Trading Session and Weekend!!!

Note: Since there will be umpteen updates and dissection about the budget, I may not update for Monday. I may give a last minute on nifty levels.

Indian Stock Market Views & Intraday Trading Hints for 24th Feb 2011

2011-02-23T19:21:00.000+05:30

Ours markets are not yet ready to convince the traders on the budget rally. Nifty's inability to move beyond the resistance point of 5495 in spot was further complicated by negative external news flow during our market hours.

Trades for Thursday: Short Nifty around 5450 with Sl above 5495. More shorts below 5425 with same sl can hold for positional as well. Longs above 5525 for a 100-150 point gain sl will be below 5460. Risky longs above 5495 same sl.

Personally, I would look at shorting nifty taking some risk as the gains can be immense if it clicks as the sentiments are negative and not to mention the impact of the budget on the markets. I would like to make an exception for the expiry this time around. Still would say trade safe.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 23rd Feb 2011

2011-02-22T19:55:00.000+05:30

Nifty movement in the last two days have been volatile to say the least and they have been trading inside the band of 5400 - 5525. RIL was the leader for the day, it didnt lead the markets up though but held the markets from falling. Going ahead, we can bring up the stoploss for longs to below 5420 and stoploss for shorts will remain at 5565 or a closing above 5527 spot.

Nifty Supports 5425 5400 Resistance: 5490 5525 5565

Trades for the day, Short below 5425-20 sl above 5485 - Now Risky shorts near 5520 sl above 5565. Longs above 5525 sl below 5475. Risky Longs above 5490 sl below 5425. We cant get close than this before the budget week. Trade safe.

Have a Nice trading session!!!

Indian Stock Market Views & Intraday Trading Hints for 22nd Feb 2011

2011-02-21T19:35:00.000+05:30

The resilence at 5400 showed the markets are not yet ready to give up with the budget coming up added with it the news on RIL has been positive. Even though the first half went as we expected, the second half saw market seeing a spectacular pullback from crucial levels.

Nifty spot has closed at 5518 and is just below the closing point of 5525 and on tuesday after the initial gap we can expect the market to settle down rather than to climb new highs. If the reverse happens then we can expect market to test its trend changing level at 5675.

Trades for the day, will again be short if nifty opens gap up with a stoploss above 5565 and long near 5480 and also if nifty closes above 5525 even as a BTST.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 21st Feb 2011

2011-02-20T19:02:00.000+05:30

The budget week beckons our market and jitteriness has already set in with the fall on friday. Even though i had said we will see 5624-75 levels once nifty closes above 5490 nifty managed only 5600. But seeing things as it is, it is not only me who have and follow these levels and selling off before Nifty reaches a resistance is quite normal when the negative tones are still present.Well, rather than doing a postmortem, let's see what going to happen this week.

Trades for the day : Short if Nifty opens gap up with an sl above 5530. Even if Nifty opens flat we can short nifty near 5485 levels. Risky shorts can take nifty shorts in a gap down provided they can keep the same sl.

Longs are in for a tough week and some more time unless nifty crosses and closes above 5525 this week.

One advantage the longs and the market as a whole will have is the inflow of the year end funds via the Mutual funds and Insurance. We can expect that funds into the market from the 2nd week of march and they can to an extent negate the FII selling.

Nifty supports at 5450 5425 5400 Resistance at 5490 5515 5530 5545

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 18th Feb 2011

2011-02-17T20:49:00.001+05:30

As expected nifty after consolidating has moved to the upper resistance near 5560. Being the last trading day of the week many would want to go to the next week without any positions. If one was long today then i would suggest the riskier traders to hold on till the 5620-75 levels. Safe traders can exit tomorrow near 5565 levels or hold with a stop below 5490.

Nifty Resistance will be at 5565 5600 5620 5655 5670 Supports will be at 5525 5505 5490 5475 5460

Shorts at 5560 with a small stop loss, only if nifty doesnt breach 5565 and trends below todays high. More shorts below 5460 with a stop above 5495.

Have a Nice Trading Session & a Great Weekend Ahead!!!

"Sarva Mangala Maangaliye Sive Sarvardha Sadhike
Saranye Thrayambike Gowri Narayani Namo sthuthe"

Indian Stock Market Views & Intraday Trading Hints for 17th Feb 2011

2011-02-16T20:15:00.000+05:30

A day when Nifty decided to stick to a range rather than trying to break out. By the looks of it Thursday and Friday will be important days with nifty hanging just below some important resistance. With the Budget session about to start next week and that is when the real action starts. Currently the market has absorbed all the bad news and is just awaiting the budget.

Nifty will have supports at 5450 5420 5400 & Resistances at 5560 5530 5510 5495 5480

Shorts now look probable only below 5450 or near the top resistance near 5560, longs can enter for the next few days even in a small gap down until nifty holds 5400 levels. Long Traders can have a slight advantage if nifty spot closes above 5492 and Nifty probably can go till 5675 levels max that's another 3% upside.

Have a Nice Trading Session !!!

Indian Stock Market Views & Intraday Trading Hints for 15th Feb 2011

2011-02-14T20:27:00.000+05:30

The love was their from the Bulls and the bears had no answer to it!!!. Todays upside movement started from the at the opening itself when nifty opened and sustained above 5350 and spot closed above 5385. As of now nifty looks sets for further upside in the next few trading sessions atleast.

Nifty will now face resistance at 5485 5530 5560
Nifty will get supports at 5385 5365 5345

Longs look the best as of now , but still chances for intraday shorts can be utilized if we utilize the opportuity. Taking some risk for the day, Intraday shorts can short nifty if Nifty opens gap up but below 5480, sl for this trade will be small at 5500 other short strategy would be to short nifty if the gap up continues and short once nifty is near 5520 levels only. Longs meanwhile take long near 5440 levels with a sl below 5420 or take once nifty crosses 5490.

Have a Nice Trading session!!!

Indian Stock Market Views & Intraday Trading Hints for 14th Feb 2011

2011-02-12T20:16:00.000+05:30

Oh what a day to be back in action!!!!. Happy Valentines day to all. From Bears to Bulls , To hedgers to arbitrageurs. When in the previous writeup's i had mentioned the importance of 5400 and how nifty would try to make a bottom there and give a 4 to 5% move, well from 5400 to 5560 was only 3% and the fall from there was vertical and that showed the urgency of the bears to sell at the first opportunity.

Coming to this week after friday's IIP announcement which incidentally was the lowest in a year, we will be facing an equally volatile week. I read somewhere that "if it is in the paper its in the price" this shows why todays traders have to assume what the market expect's out of the events in the future. The next major event is about two weeks away and we can expect some major moves.

Nifty Supports 5180 5200 5220 5250 5290
Nifty Resistances: 5305 5335 5355 5385

Strategy for the Week would be to buy nifty at the first opportunity near 5220 and short Nifty at 5350 levels. Stoploss for longs will be 5180 and shorts will be above 5400 or max above 5430.

Break Down Point : 5180 - Spot closing
Break Out Point : 5385 - Spot closing

Have a Nice Trading Session & Week Ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 4th Feb 2010

2011-02-02T20:31:00.000+05:30

Markets may have fallen on the news of the arrest but the markets also kept just below the level where shorts could still dictate terms for the day. Eventhough Nifty went to the higher limits near 5510 it was not able to breach that and gave up all the gains and more. Thursday will be an interesting day and we can expect a great fight near 5400. Nifty spot and fut closed at the same rate negating the nifty premium at the start of the series.

For the day my trading strategy would be short nifty if it opens gap up again near 5440 with the same sl above 5485 and final risky sl above 5510. Nifty longs risky ones above 5490 (sl 5460) and safe ones above 5510 sl will be below 5480.

With the Budget ahead, we may not see a big downside and we may try to create a base at 5400 levels and may give a 4-5% rally on the upside. With the worries on the Inflation side and the egyptian crisis any limited upside can se further selling pressure.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 2nd Feb 2011

2011-02-01T20:51:00.000+05:30

When negative news start, they start in a torrent with new doubts and possible similar situations. In a way it is true the whole region can get affected if the situation spirals out of condition, especially if rumours are to be belived "with a possible US hand" then the real possibilities are the neighbouring countries have to fear. Since the region is the center bed of oil explortion and export, the worry for the markets are not unfounded.

Going ahead with our markets, markets have seen relentless selling from the FII's and no buying support is yet to come in. Nifty supports are at 5400 spot and that is a positive support from where the markets can still bounce back. Nifty below 5400 will have supports at 5350 5315 5275. On the upside resistance will be 5515 5485 5465 5445.

Nifty shorts at 5445 with sl above 5485 or max at 5515 - Longs above 5515 with sl below 5480. Would try to short nifty if it drifts below 5400 also.

Have a Great Day!!!

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

2011-01-30T21:50:00.000+05:30

In a very happy frame of mind as the markets havent played a big trick on me or should i say i was able to read the markets and use it for my advantage as well as give the esteemed readers here a hint as well!!!.

Going ahead Nifty will have Important supports at 5400 this week and the bulls will try their best to keep this level intact. As long as Nifty holds that , then we can expect a rally on the upside. I would want to take a long in nifty now if Nifty forms a base here for a 3-4% upmove and then reassess.

Long Traders for this week go long with an sl below 5400 and the position near 5485 would be most ideal. Safer traders can buy if and when Nifty closes above 5555 with an sl below 5475. Shorts can try to take position near 5580 if Nifty opens gap up with an sl above 5615 or to take shorts once nifty drifts below 5475 with an sl above 5545.

Nifty Supports 5475 5450 5420 5400
Nifty Resistances 5560 5590 5610

Nifty Break Out : 5675
Nifty Break Down : 5400

Have a Great Week Ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 28 Jan 2011

2011-01-27T20:51:00.000+05:30

A weak closing to this series and will it be a weak opening for the Feb Series, with the closing most probably it looks like it. Only light for the longs (who want to go long) is that the feb Nifty future bounced after touching 5620, it can after all but be a last minute short covering also.

Being on the short side for most the week would have paid good dividends and now even better gains can be made but if one can wait a little bit and not jump into trades, Now Nifty has gone to a place where everyone knows it doesnt have any supports and this can have an opposite effect, hence the wait and watch policy.

Trades for the day, After continuously being on the short side, we will trade a little bit carefully on the short side, If Nifty breaks down in the morning trade but holds the 5580 level, traders can take small qty long and if the scenario is if nifty trends below 5580 and holds that point then it would be wise to add longs at 5520 level only. Shorts can be taken albeit it nifty opens gaps up to 5630 level.

Nifty Supports 5620 5600 5580 5545 5515

Nifty Resistances 5655 5680 5700 5735

Break Down Point - 5580

Break Out Point - 5700

Have a Nice Trading Session & Weekend!!!

Indian Stock Market Views & Trading Hints for 27th Jan 2010

2011-01-25T20:31:00.001+05:30

A holiday straight to expiry will be interesting with heavy movement on both sides, with supports for nifty at 5650 and 5620 and steepe downside below that. Supports for Nifty below 5620 will be at 5520 5450, but the last time markets held it bottom and we have to wait and see how the day goes. I would still short if it opens gap up somewhere near 5740 level. So Risky shorts can enter at todays closing and also add near 5740 with a sl above 5755 or max 5770. Longs can give it a try near 5620 with a sl of 10 points only as a bounce at that level can be expected.

The rate hike of 25bps even though lower than the 50bps has spooked the markets mainly because RBI statement has indicated that it may still try to increase rates to reign in inflation expecially food inflation albeit in covet manner. As i said the exact impact of the rate hike will be felt in the coming weeks as the weekly inflation figures will be scrutinized even more.As i mentioned yesterday the rise of bank stocks had something to say, they were the biggest losers predictably.

Have a Nice Session!!!

Indian Stock Market Views & Intraday Trading Hints for 25th Jan 2010

2011-01-24T20:59:00.000+05:30

This expiry will interesting with Nifty hovering near the resisitances which can give some idea about its further movement. Nifty Spot after its resistances at 5755 will see resistances at 5785 5830 5865. Traders can try risking some shorts at 5755 or wait until 5830 for safer shorts. Longs for the day can enter near only if it is gap down somewhere near 5705 with a small sl of 15-20 points. If the indications are correct then we can face much lower levels until and unless nifty closes above 5865, risky traders can keep that under radar.

The reason i have specified shorts as strategy is mainly because of the RBI's rate hike decision, eventhough the markets are epxecting that the impact on them will be rather over the next 1 or 2 weeks rather than in a day or two as the markets will also play with the budget on the anvil. The spike we have seen in the banking counters in the last few sessions surely has a thing or two happening in the backgrond especially with the rate's announcement scenario.

Have a Nice Trading Session!!!

Indian Stock Market Views & Trading Hints for 20th Jan 2011

2011-01-19T20:28:00.000+05:30

Continuing from Tuesday's upmove nifty after seeing the 5750 levels just could not handle the selling pressure at that level and finally gave up all its gains and more. Nifty closed at a spot where it doesnt have much support and on Thursday Nifty will again face resistances at 5725 & 5745. Shorts for the day can enter near 5725 with an sl above 5755 or riskier shorts near 5710 with the above sl. Longs for the day enter near 5675 with an sl below 5650 or wait until nifty crosses 5755. Markets may hang to this particular level if RIL results on Friday doesnt give any jitters to the market. Supports for Nifty are at 5650 5615 and we can expect further selling if Nifty sustains below 5615 levels uptil 5530 levels. On the upside resistance above 5755 are at 5830 5865

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 19th January 2011

2011-01-18T20:52:00.000+05:30

An extended weekend for me didnt hurt much with the markets moving in this band of 5750 and testing its supports (spot) at 5620. Going ahead, it will be a test for nifty spot to close above 5732 and 5755 in the next couple of trading sessions. TCS results helped the markets stay above with better than expected numbers, With RIL results coming end of this week we can expect markets trying to hold on to this level until the results are announced. Nifty spot closing above 5755 and finally 5865 will force shorts to cover much quickly.

For Wednesday, Trading strategy : Nifty shorts near 5750 with sl above 5780 or a more riskier short would be at todays closing itself with the same sl. Better would be to short nifty once it comes down after touching the 5750-55 levels. Longs can give a try near 5705 with an sl below 5675, take the trade if Nifty opens gap down or flat.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 14th Jan 2011

2011-01-13T20:39:00.000+05:30

It is always a big occasion when Infy comes out with its result, when it disappoints, most of the time drags the market down dragging along with it other major stocks. The same thing happened with Nifty treading down and perilously close to its supports and by the look of it Friday will decide the course of the markets for the result season as more results are set to be announced.

Once Nifty opened in the negative following the Infy results taking longs was always going to be tough, hence i mentioned how Infy can affect the trading levels for thursday in my write up yesterday. For Intraday, Nifty shorts look the most attractive even if it is a gap down as I prefer to take a risk assuming nifty spot will close below 5750. Apt Shorts would be near 5800 and will have sl at 5840 and final at 5860 and if it is gap down traders can take some small qty shorts and add them till 5800. Risky longs can enter if markets open flat and have a stoploss below 5720 and exit near 5800 and further longs can be added above 5860.

Have a Nice Trading Session!!!

Indian Stock Market Views & Trading Hints for 13th Jan 2011

2011-01-12T20:10:00.000+05:30

It is said that stock markets are the barometers of an economy and by looking at the performance of the stock market over the last couple of years surely shows us how the economy has fared in the last one year. With Intraday movements it is basically the sentiments which come into play most often and today the sentiment once nifty started creating a base near yesterdays bottom was the expectation from the results season. Thursday will be an important day with Infy starting of the proceedings for the 3rd quarter results.

Nifty now is in a position if the results are as expected can move uptill 5945 without much effort. Intraday trades for thursday can be a little tricky with Infy results, which can alter the movements of other IT counters. Traders can take risk and long nifty until 5945 region is seen , Risky shorts in Nifty can be taken if Nifty sustains below 5825 levels with a stop above 5850.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 12th Jan 2010

2011-01-11T20:34:00.000+05:30

Nice is the word i would use to describe today's market action, only because it may have confused some traders about where the market is now proceeding after the deep gash and spike. After holding on to its supports at 5750 and failure to cross 5850 made the Big guns more frustrated and made to dump their positions and the many other's on the short side covering their shorts in a jiffy. Such was the importance of 6060 that Nifty didnt have any chance to hold on to minor supports below 6060. Now going ahead Nifty will face resistance at 5830 5860 5895 5945 until then shorts will rule the roost.

For Medium term and long term buyers i would suggest to wait before adding large quantities as the negative news will continue for some more time. I would like to give a quote of Warren buffet "Be greedy when others are fearful". The question now is are we fearful yet!!! Im not :)

For Wednesday, Nifty shorts below 5780 with sl above 5820 longs above 5830 with sl below 5800.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 11th Jan 2011

2011-01-10T20:51:00.000+05:30

A day when the bottom was not found, Nifty did try give a bounce near the 5890 levels only to see further continued selling. Nifty spot barely closed near 5750 which is the previous support made few weeks back and can try for a bounce at that point. Nifty by the look of it can go much deeper now if it breaks the 5750 point 5520 5450 spot will become the next important support for nifty.

I had said on my first 2011 write up how Inflation along with the crude oil price will give further direction and the nail on the head was the all time high figures for food inflation which triggered the profit booking scenario and sell offs. The CITI Bank fraud ( Read Dec 29 2010 Writeup) has come back to haunt the market more as more skeletons are tumbling out the cupboard. This will continue to haunt the Indian corporate sector as an important failure in corporate governance issues, not to forget the satyam computers fraud last year.

For Nifty trades on Tuesday , Longs near 5750 with a small stoploss and shorts near 5800 with a stoploss above 5850.

Have a Nice Trading Session!!!

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

2011-01-06T22:43:00.000+05:30

The US holiday season number's are just about coming out and the week ahead will be interesting with the sales figures out in full flow and the culmination of the results season back home will provide for some extra movement.

Nifty's movement continued today on the negative side breaking its first support at 6060 levels , Nifty now needs to cross 6095 6135 for longs to get some relief. But with Nifty closing below 6065 spot we can expect further downside in the next few trading sessions. Trades for nifty long for Nifty near 5990 or above 6095 shorts near 6120 or risky shorts at 6080 levels.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for Jan 6th 2011

2011-01-05T20:20:00.000+05:30

Profit booking was order of the day, with majority of the counters closing weak. Now it remains to be seen how nifty is able to hold its 6060 support. Today spot low was 6065 and on thursday that will be a point that will be watched carefully. But if it opens gap down then in al probability it may test even lower levels and the supports for nifty are at 6035 5990 5950 5890 5860 5830 upside resistance for nifty are at 6150 6125 6105 6090 6075. If nifty holds the 6065 levels and is able to close above 6106 then we can hope this to be a lull before a big move but if it is otherwise, we can see further selling in index counters.

Trades for the day, long in nifty if opening in green and holds with stop at 6060 (spot) exit once that is broken. Shorts near 6120 with sl above 6150.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 5th Jan 2011

2011-01-04T19:20:00.000+05:30

Global markets in the last couple of days have been flat, this week we can expect news outflow from the holiday sales season. For our markets, it will be the IIP data and the inflation data in the coming week. Crude Oil will be another space that will have to carefully watched as it is nearing important resistance point.

To the market action: As expected, it was a day of stabilizing rather than the market moving ahead. Wednesday will be an interesting day , if Asian markets dont act up on wednesday morning then we can see nifty getting ready to start its next upmove. For trades Nifty longs near near 6135 levels and adding further postions near 6080 if one gets a chance with a stop below 6060. Longs can hold if spot closes above 6187 for further highs till 6350 levels. Shorts now will get a little bit riskier near 6200 levels and are suggested below 6060 only, for intraday shorts can try if nifty opens near 6200 with a small stop above 6210 or max sl above 6235.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 4th Jan 2010

2011-01-03T18:50:00.000+05:30

As expected a gap up opening but inability of Nifty Spot to cross the 6187 level and giving up most of the gains near the close. In the coming days also this will the level to watch out for, tuesday's trade most probably can be about nifty stabilizing rather than trying to breach the level. Hence longs can be taken near 6135 levels with a stop below 6115 or wait for Nifty to come to 6080 levels with a stop below 6060 for adding positions and shorts in Nifty futures again at 6200 with a stop above 6235.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 3rd Jan 2011

2011-01-02T15:34:00.000+05:30

Happy New Year all Once again. A year almost total gains have gone past us, now we sit near the top awaiting the next move. The only question that is on many of the traders mind would be where the markets are headed this year. If 2009 & 2010 has almost exactly supported the buy in dips theory , what does 2011 has in store for us.

To put things in perspective, nothing changes other than the last two figures in the year bracket, the same old things will come back to direct the markets ahead. If it was the FII flows which helped the markets near the alltime highs in the past year, it will be have to be the same FII flows to an extent will decide the trend in the weeks and months ahead. As well as Inflation and the steps RBI takes to contain it, along with other factors such as global oil prices will be an important determinant for our market ahead.

Nifty spot closed at 6134, the resistance point meanwhile future touched a high near 6180 levels. Nifty in all probability will face some resistance here with important trend changing points. This week ahead will be interesting and once the point of 6187 is cleared by spot before we see near the alltime highs. Nifty on monday can have a gap up near to 6200 levels before settling down and we have to see spot can hold above the 6187 point and close. Nifty supports for monday will be at 6135 6155 and Resistance will be 6187 6230.

Have a Nice Trading Session!!!

Indian Stock Market Views & Trading Hints for 31st Dec 2010

2010-12-30T20:38:00.000+05:30

An expiry all the same, choppiness throughout and the final burst of covering of positions. Last trading day of the year will mostly be about market taking a rest rather than spurting ahead. With the year end sales figures set to come out in the next week the trading will be interesting as we will be getting enough cues from the Europe and US markets.

For the trading strategy for the day, I would prefer shorting nifty near 6130 lvls with an sl above 6140 levels (a small sl , but worth a risk) and long near 6040 or a risky long near 6085. Once the move is above 6135-40 , then in all possibility we can expect nifty to see 6200++ figures in the next couple of trading session. For positional traders who have still not entered their longs, i would suggest to wait for the first dip near 6040 with a stop below 5990.

I would advise traders from not taking fresh carry over positions just yet and wait for the first week action of 2011 to kick off.

Have a Nice trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 30th Dec 2010

2010-12-29T20:49:00.000+05:30

Finally a day when the markets moved without any hindarance even after a flattish opening from Europe. Today's upmove can be partially because of the consolidation and Nifty moving beyond the 6015 6035 points. Nifty spot closed just below the resistance point at 6060 and Nifty futures closed at the resisitance point of 6075. Todays movers were mainly banks with support from steel counters.

Since it is expiry we can expect volatility in the market as a whole, Nifty can be shorted for a risky trade near 6075 with a stoploss above 6100. Intraday longs can again enter near 6040 levels , if nifty doesnt cross 6075 levels in the next couple of trading session. Nifty resistances are at 6100 6120 6135. Again watch for spot movements, resistances are 6060 6075.

One aspect i would like to bring some attention is the Rs 430 Cr scam done by a Relationship Manager of CITI Bank. What concerns me most is the inability of a leading global bank to trace it's own customer's transaction until it has reached mammoth propotions. If people remember,the biggest scam's all started with such similar issues, the examples being Nick Lawson of Barings bank, John Meriwether of the Much Hyped and famous Long Term Capital Management Co, USA and not to count the many scams our markets have seen. Such laxity is and will be a huge problem and a challenge to our financial institutions and their structure.

Adios!!!

Indian Stock Market Views & Intraday Trading Hints for 29th Dec 2010

2010-12-28T20:38:00.000+05:30

A choppy session which can either be consolidation or inability to cross a big resistance. In a way, if one takes the individual stocks perspective many Index stocks have been outperforming the index and they have outperformed on different occassions taking their turns and supporting the index on the upmove. If earlier it was the banks which single handedly took up the index now its the turn of the IT counters which are holding the markets. The premium in the markets also suggest that there is a section of the market which is not yet ready to giveup on the upside.

The last couple of months have seen our markets ignoring many external news and these same news may come back to haunt us. European crisis which is still simmering is an area of concern for our markets as the FII inflow has been an important factor in our markets uptrend and any trouble affecting Europe will certainly affects its currency and that may cause some panic reaction in our market as well.

Another major internal concern is the continuosly rising inflation and our inability to contain it and at one point some drastic steps may be taken which will affect the investor's sentiments. One such example could be going back to the controlled pricing mechanism in the petroleum sector, which will be taken as a huge negative by the FII's on the foreign plicy front.

Coming back to nifty action, Risky longs above 6035 and shorts below 5980. Traders also keep a watch on spot and can take their short positions based on 5980. IT counters are reaching the end of this uptrend rally and can drift down in the coming days after creating new high. Resistance TCS 1200, Infosys 3400.

Have a Nice Trading Session!!

Indian Stock Market Views & Intraday Trading Hints for 28th 2010

2010-12-27T20:27:00.000+05:30

Nifty today opened well near the first resistance at 6060 only to give it all upon weak European market opening. Nifty now has supports at 5980 5950 5890 and Resistances at 6015 6035 6060. In the trade tommorow traders can try for a short near 6035 with an sl above 6055 and long above 6060 with an sl below 6035. Fresh shorts can be added below 5960 with a target of 5890 and below as for longs shorts can be added once nifty closes above 6036 (spot) or riskier longs above 6012(spot).

Since this week is without any information flow , our expiry may be on a flat note and traders can risk the nifty downside's keeping in mind the 5950 supports. Real movement in the markets can be expected from the 1st week as Institutional desks will be back with activity. "For traders to get good trades volatility is important".

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 27th Dec 2010

2010-12-26T23:07:00.000+05:30

The last week of trading for the first decade of the 21st century and with an expiry to boot, its going to be an interesting 5 days. The world markets last week have closed flat without giving us a hint about their further movement. It has been a better holiday season than expected especially in the US and Europe and we have to wait for figures which will be released in the coming weeks. Another Monday morning aspect we have to see is how Asian markets react to the Chinese rate cut which was done on a holiday. With the inflation shooting over the roof the rate hike fears cannot be ignored for us as well.

Nifty on Friday closed above the 6015 spot and in all possibility continue on the upside till 6060 6075 6100 with a small resistance at 6035. Supports for nifty will be at 6015 5995 5975, Nifty if it opens gap down traders are suggested to long near the 2nd support with the 3rd support as a sl. Shorts are advised if markets sustain below 5960.

Have a Nice Trading Session!!!

Indian Stock Market Views & Trading Hints for 24th Dec 2010

2010-12-23T19:19:00.000+05:30

The last few days trading signifies the importance of FII's and their involvment in defining market moves. It seems our own market players are just followers. Nifty held its 5980 support and neither did it breach the 6015 point. More action and movement in the market can be expected after this expiry and from the new year onwards, until then we may most probably trade in a band. Longs follow the 6015 level and shorts the 5980, its either one of the two which will break to provide a new direction.

Have a Nice Trading Session & *Merry Xmas*

Indian Stock Market Views & Intraday Trading Hints for 23rd Dec 2010

2010-12-22T19:54:00.000+05:30

Todays movement in Nifty was signified by nifty spot's inability to sustain above 6015 lvls, this level has been mentioned in my previous writeups and how significant it is. Today eventhough the futures traded well above it Nifty spot was unable to sustain above it and finally the market had to give up its gains after the news on RIL's higher output cost from its latest exploration. The fall was intensified when several biggies also led the way down.

Nifty now has supports at 5960 5945 5890 5860. Longs can enter now only if Nifty spot is able to close above 6015 but since that point is now well known, it will either be a good gap up or done during intraday. So traders who want to trade long have to take the risk once nifty is able to trade above 5995 lvls. Shorts can now enter nifty with once it trades below 5980 with a stop loss above 6015 or final at 6045.

Another important factor to watch out for is how crude moves in the coming days, crude is nearing important resistance levels of $96-$100 and can enter into a bullish mode above this. Until then its wait and watch.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 22nd Dec 2010

2010-12-21T20:25:00.000+05:30

The day when nifty traded inside a band, but a day in which the markets held steady. Wednesday will be a critical day for the market to decide on the short term trend.

The last couple of weeks have seen tremendous increase in the prices of perishable goods like pulses and vegetables has made a mockery of the food inflation which was at 9.1% last week. What this can do is clamping down on exports of such items and importing to tide over the crisis. This can in an extended period also affect the books of the local manufacturers who source raw materials at higher price. To cut the long story short, this impromptu action may bring in policy changes which can affect the market in the short to medium term. Policy changes which we saw earlier affecting the sugar sector and recently the government taking steps to import cheap rubber from Asian countries.

Coming back to our markets, with the external news flow drying down the movement in our markets to an extent can be sideways with positive bias. Longs can enter nifty if it trades above 6015 with stoploss below 5990 and shorts below 5980 with stop loss above 6015. Resistance for nifty above 6015 will be at 6060 6075.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 21st Dec 2010

2010-12-20T20:16:00.000+05:30

The Penutimate week has kicked off in style giving traders the movement to enter into trades and also giving some hope of our markets holding the 5860 supports. Todays movement after a considerable gap down shows that the markets are yet to give up. Traders who are long can now increase their stoplosses to 5905 or 5890 (sustaining below it can be risky and risky players stop loss will be now at 5860 lvls. ) Since 5890 and 5860 are spot based support, traders have to wait and watch till eod for a clearer picture). Meanwhile on the upside 6015 has to be breached and closed for us to come to a conculsion that a base has been formed here.

Since the week's ahead till the next year are going to be quite with minimal news coming out. With the holiday week and expiry culminating together we can expect position rollover from this week itself.

Longs near 5935-40 with sl below 5920 or above 5990 , shorts below 5920 or near 5975 with stop above 6015.

Have a Nice Day!!!

Indian Stock Market Views & Intraday Trading Hints for 16th Dec 2010

2010-12-15T21:01:00.000+05:30

The pre market news of the European debt crisis led by the weak Asian markets meant that we also open weak. Once we sustained below 5960 levels which was yesterdays resistance point meant that shorts would get emboldened. Once we broke the 5920 5905 levels , the chances are more shorts may have been added in.

The continuing negative news that comes in from time to time is a remainder that all is not good and we may take time stabilizing before another move happens. Nifty now has supports at 5890 5865 and if nifty closes below 5865 -60, then in all probability we can test 5650 - 5600 lvls. For longs nifty has to sustain above 5925 5960 levels.

Tatamotors - Supports 1314 1305 1296 (sl)- Positive - Buy in First Dip upto 1305

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 15th Dec 2010

2010-12-14T23:23:00.000+05:30

Eventhough the markets were choppy, it did end on positive note and certainly didnt take any stoplosses if the positions were taken at the right place and right time giving ample opportunity to book profits. Going ahead Nifty will face resistance at 5985 6010 levels. Once nifty moves above 6010 levels then shorts may scamper to cover their shorts. Nifty has set a good base at 5905 5920 levels and that will be the stop loss for longs going ahead.

Shorts have to tread cautiously now as nifty didnt face that much trouble in the end eventhough it stumbled there couple of times. It is still advisable to carry minimal trades until there is a stable FII data or the risky can always play risky assuming its the usual year end portfolio shifting.

Trades for the day can be a little tricky as nifty closed near its first resistance at 5960 and in all probability will open near 5985 6010, if that is the case then shorting near 6010 with a small stop loss would be less risky, longs can try their luck after the inital spike somewhere near 5965 lvls with a stop below 5920. Markets may be in a bad of 20-30 points if it not able to breach the 5985 levels.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 14th Dec 2010

2010-12-13T20:31:00.000+05:30

If it was the Korean Hog wash which made a valley like pattern in the charts today, tommorow it might be something else. These external news are part and parcel of any markets and cannot be avoided at any costs. Do keep in mind money is being made with this volatility. The easily answerable question is who makes money out of this kind of volatility. The answer is surely not the masses!!!.

When the traders follow certain levels for their trades, any crash during intraday will easily take away the stoplosses on both the side and this is unavoidable. For the new traders when such things occur it is advisable to stay back for the day and observe the markets. Remember "Markets wont go away anywhere and will surely give better opportunities".

As of now nifty can further move ahead and traders are suggested to capitalize any dips with a stoploss below 5865 tommorow, best place to enter will be near 5905. Shorts are advised to stay back and watch if nifty opens gap up tommorow above 5940 levels and holds it. Shorts can try their luck if nifty opens below todays high and trades below it and Nifty can touch the supports near 5905 5885. High risk short will be near 5960 with stoploss above 6000. Shorts can also enter below 5860 with a stop above 5895. We can expect a similar day like monday again.

BankIndia Resistance 445 459 468 - Longs Keep in Radar - Supports 441 437 434.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 12th Dec 2010

2010-12-12T19:42:00.000+05:30

With the penultimate week of first decade of the 21st Century about to start, markets last friday with a resolute bounce from important supports showed the downside has not yet started. But neither has the uptrend started, until and unless nifty can move above 5905 5940 , we can put that thoughts to rest. The week ahead would give us a clue how we are going to move for the year ahead. Some things we need to keep in mind are the actions FII take in the weeks ahead, with the over hanging news about the many recent scams we can expect some heay volatility.

Going ahead, i still have not given up hope for seeing the 6200 levels, but anything more than the previous intraday high (6357 Spot) will be a hard fought battle between the bull and bears. Going ahead, i would be happy to trade nifty intraday mostly and with light overnight positions. Nifty can be longed near 5865 lvls with a small sl or long above 5910 , shorts can enter below 5826 with an sl above 5845 or near 5930 (with a very small sl). For me , just getting one trade would make me satisfied.

RIL will face resistance at 1030 and above it resistances are at 1040 1065.

SBIN Resistance are at 2745 2760 2780 2800, longs can long above 2745 with an sl below 2715

Have a Nice Trading Session & Week ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 10th Dec 2010

2010-12-10T01:00:00.000+05:30

5750, Nifty tests it and holds it neck above it, Friday is gonna be an interesting day with the weekend setting, there will be a lot hustling to hold nifty above this crucial level. By the look of it nifty looks like it can go to 5550 levels now if i have to take a negative view, but not until 5750 spot is breached and closed.

Thos who wish to take some risk can buy near 5750 with a small stop loss or try to buy if nifty spot is able to close above 5752 lvls near the EOD and take positions vice versa. Shorting can be a done near 5850-40 lvls again with a small stop loss or once nifty goes below 5750 with stop loss above 5775. Any trades near such levels can be high risk as targets or sl can be achieved in a jiffy.

Have a Nice Trading Session!!!

Indian Srket Views & Trading Hints for 9th Dec 2010

2010-12-08T23:18:00.000+05:30

Too much leverage. This is the words that we keep hearing time and again. In order to gain market share, this practise is followed worldwide. It clicks for some but fails for many. Im not going to pin point any business or banking houses. We have to be wary of such stocks as the revenues streams may not neccessarily point to buyoyant quarters and FYs ahead with increasing competition from local and foreign players. One wrong move and the domino will topple, as the proverb says " Make hay while the sun shine".

I have said all these at this point of time and it does not mean the bear run has started, Nifty can still see even higher levels than 6300 in the next few months. But not to forget the recent "scams" which i belive will come to haunt our markets for sure. Nifty after todays move has supports at 5860 5890 levels and in all probability 5750 will be a critical level to watch out for. Nifty resisitances are at 5910 5940.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 08th Dec 2010

2010-12-08T00:07:00.000+05:30

Our markets may look like they have bounced back after the midday low today, Before we come into any conclusions, we have to see if Nifty is able to breach 6037 levels again this week. Today's session was similar to that of an expiry day. Thanks to the European markets we bounced well from the deep red, Nifty seems to be in this range and 5750 - 6300 and we can expect nifty to touch both the levels once again before a decisive move.

Nifty now has supports at 5955 5968 5980 5995 Resistance are at 6036 6075 6120

Contra Longs, can enter nifty near 5995 and shorts can enter below 5950 , on both side stop loss will be 25 points. Banks after the beating down in the last few days can give hints on the markets movement.

Have a Nice Session!!!

Indian Stock Market Views & Intraday Trading Hints for 7th Dec 2010

2010-12-07T00:18:00.000+05:30

A day that gave so much hope but which ended in despair (for the longs). Even more worrying is the inability of Nifty to close above 6037 after lingering above it for most of the day. The negative bias was mostly provided by the banks and the others followed, this was after the news on banks exposure to major sectors.

Nifty has closed above its important support base of 5980 and we can expec nifty to test this level again. Upside resistance will now be 6040 6060 6085. Supports for nifty will be 5980 5960 5930 5890. Traders can look at shorting nifty near 6030-35 lvls with a stop above 6060 lvls and longs above 6065 lvls with a stop below 6040.

One more level fresh longs have to watch out now is if nifty spot is able to close above 6012 lvls in the next couple of days then we can see a relief rally. But if we dont close above this lvls and then trade below 5930 lvls then the further upside may be curtailed.

Have a nice trading session!!!

Indian Stock Market Views & Intraday Trading Hints for 3rd Dec 2010

2010-12-03T00:16:00.000+05:30

As expected nifty closed after testing the 6035 levels, even though if the intra day nifty movement of choppier than expected. is it consolidation or is the market expecting something that many of us don't know. Well the fact is that we will come to know of it in the coming days. At the moment the negatives outweigh the positives and that necessarily doesn't mean imminent downside but rather cautiousness.

Nifty has closed at 6011 and nifty can now target 6120 levels if able to close above 6036. For me the longs should look at exiting now and wait for further clear cues of further upside. This for me would be a best entry for shorting the markets or a point of no trading until clear cut directions form. Nifty even now can target near the all time high easily as above 6036 levels risky traders could take up fresh longs. Since this is the start of the series, shorts or the longs wons try to cover any of their trades just yet.

Nifty has supports at 5990 6010 and its resistances are at 6036 6062 6076. Shorts can again short near the 6035 levels after nifty is moving below that level. Longs can enter above 6036 with sl at 6010 for 6060 75 lvls. Keep an eye on banks and they have given first indication of trend reversal.

Have a Nice trading session!!!!

Indian Stock Market Views & Intraday Trading Hints for 2nd Dec 2010

2010-12-01T23:28:00.000+05:30

A steady day for the markets at the start of the new month after a negative November. Surely the post market release of the GDP data has been received well by the markets. With the European markets buoyant through out the day our markets just breezed past the resistance. Still worries remain!!!.

Nifty breezed ahead to close above 5935 and moved to just below its breakout point of 6050. Nifty will face resistance 6010 6035 and any closing above 6036 will give an indication of an upside till the recent highs. Reliance held it 980 support well today but the upside was capped. Traders are suggested to watch reliance at yesterdays mentioned levels for their trades.

Nifty longs are suggested near 5945 levels with stop below 5925 and shorts near 6035 with stop at 6065. Less risky shorts below 5925 with stop above 5940.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 1st Dec 2010

2010-11-30T23:56:00.000+05:30

The last month of the year kick starts from today with lot of over hanging negative news. Now its upon the market sentiments the market will move ahead this month. Previous December's have been highly volatile as FII's are in the process of reshuffling their portfolios before the holiday season sets in.

Nifty as expected in two days bounced from 5750 levels to touch near 5935 levels today, today also we can expect nifty to go to 5935 lvls and we have to see if nifty is able to hold above it. Until then positional longs taken near 5750 have to look at exit their longs or keep their stoplosses below 5840. Resistance for nifty is at 5908 5938 5960 5975 and supports will be at 5880 5860 5820. Risky shorts can enter near 5935 lvls with a stop above 5975. Better to take the shorts once nifty is weakening below 5935 after breaching on the upside first.

RIL has been quite weak and is sluggish and upside in it seems tough unless it closes above 1000. Its supports are at 985 960 935. Can be a shorters paradise if sustaining below 980 with a 15 rs sl. Keep an eye on the index as major weakening of other biggies means RIL can go in for a slide.

Have a Nice Trading Session!!!

Indian Stock Market Views & Intraday Trading Hints for 29th Nov 2010

2010-11-29T00:10:00.000+05:30

New Expiry has started off with the markets taking further beating lead by the realty counters. But some positives could be noted in bousing of IT and banking biggies SBIN and ICICI. Nifty is nearing some important levels and we can expect a bounce once this level is touched.

After the double whammy of negative news last week, both from outside and inside. This week can be rather quite unless the US data provides something drastic. More so important is consumer confidence as its holiday shopping season approaching European and US markets.

Nifty will be having supports at 5750 levels and that is the levels longs can keep an eye on. Further longs can also be tried into the battered realty counters on any dips on monday or tuesday as some more clarification is expected from the affected realty companys. Nifty is it holds the 5745 lvls is a good indication for further upside. Nifty now faces resistances at 5805 5825 5855 Supports are at 5775 5745. Nifty if sustains below 5740 lvls , then shorts can get bolders and based on the sentiments nifty can drag to sub 5650 lvls. 5935 will be the point we will have to watch this week as that point will decide nifty's future uptrend.

Stock to watch on the upside TCS Resistance 1055 1068 1080 Supports 1040 1035

Have a Nice Trading Session & Week ahead!!!

Indian Stock Market Views & Intraday Trading Hints for 26th Nov 2010

2010-11-26T00:49:00.000+05:30

Nifty has corrected about 10% from the highs, still the intermediate bottom is still now where near as the supports for nifty below 5820 is around 5745. The bad news does not seem to abate with more details coming out about the bribes for loan scandal. This time around the scams are running to lakhs of crores of rupees belittling even the largest ever scams India has ever seen.

By the look of it, there may be many more skeletons coming out of the closet soon covering even more companies may be even different sectors, if that is the case we can kiss good bye for the uptrend for the time being. With this kind of situation the FII's would rather go with the flow rather than try to push the market's up. They would wait to reenter again at lower levels and the FII buy sell figures do suggest that.

Trades for intraday will again be shorts near 5880 with sl above 5920 for target somewhere near 5750, longs can buy near this level with a stop loss below 5720. Would long in the morning if nifty trades below 5750 lvls.
Nifty supports are at 5850 5820 5780 5745 Resistances are at 5875 5895 5905 5920.

Have a Nice Trading session!!!

Indian Stock Market Views & Intraday Trading Hints for 25th Nov 2010

2010-11-25T00:20:00.000+05:30

The new year after Diwali has started of with a bang, Its raining scams scams scams. 2G, Mining Scam in karntaka, now the fake loan scandal. What next and amidst all this....our market is still near the alltime highs.
Well that seems to be over for the time being, Today Nifty did try hard to sustain above 5965 levels but was not able to breach the critical 5985 which was it previous good support.

Nifty now has supports at 5860 5820 5745 & resistances at 5875 5905 5935. Again my strategy would have been to short but if Dow closes flat then we can expect a gap down opening and pre conceived trades may not work. At the time of me writing this piece US markets are well in green and in all possibility end in the green. But the writing is on the wall and banks have taken a hammering and if Banks other than the tainted ones give massive down, i would try a risky long on the bank counters.

So tommorrow is going to be a good day for traders, but as usual...my adive for expiry day is watch and enjoy from the sidelines. No heavy postions, trade light.

Have a great day!!!

Indian Stock Market Views & Intraday Trading Hints for 24th Nov 2010

2010-11-24T00:13:00.000+05:30

The expiry effect was seen midday when nifty bounced 100++ points from the bottom and held those gains till end of the day. We can expect nifty to trend until thursday and then on we can see some major movements. Markets did get some jittery news about hostilities between the koreas but later on followed the market patterns's. One worrisome pattern i followed today in nifty is its inability to breach the 5965 levels, (nifty's previous good support).

If nifty does not cross the 5965 lvls and sustains below shorts may pile and the expiry may turn to entirely negatively lopsided. Shorts now are ore courageous as major index stocks have given quite a bit of their gains. Nifty supports are now at 5875 5860 5820 5745. Resistance are at 5965 5985 6045 6070. I would personally look to short nifty with a stop above 5970, more so below 5875 and a riskier one being 5905. I would long nifty above 5965-70 lvls with a stop below 5910.

Have a Nice Trading Session!!!