Indian Stock Market Tips

Stock Market and Nifty Outlook and Review for July 30, 2010 (30/07/2010)

admin — Thu, 29 Jul 2010 18:51:56 +0000

Stock Market and Nifty Outlook and Review for July 30, 2010 (30/07/2010)

Yesterday, on the Daily Charts, NIFTY made a Small Black Candlestick. For the whole trading session, NIFTY traded very range bound (only in the range of 20 points). Results season and F&O Expiry overlapped the movement of market. RELIANCE was again crashed due to sentimental reasons. A good run up was witnessed in the Financial Stocks. But till the ending of trading session, NIFTY managed to close above the levels of 5400 again at 5408.90. For the day NIFTY made a high of 5415.85 and a low of 5381.55, bouncing back again from its important intraday support of 5380.

A positive movement may be witnessed tomorrow. However, US is about to announce its First Estimate of 2nd Quarter GDP, hence, after the second half of the trading session, markets may trade a bit skittish. Only Stock and Sector specific momentum will be observed as results season is running, but then too traders should follow a cautious approach by following Strict Stop Losses.

Net Buying of Rs. 578.85 Crore in Cash Segment and of Rs. 2008.83 Crore in F&O Segment by FIIs was witnessed on Thursday’s Trading Session.

Important Results to be announced tomorrow:
ABB, ABIRLANUVO, BEL, BPCL, GUJALKALI, HCC, INDIAINFOLINE, INDHOTEL, KTKBANK, MAX, RAYMOND, REIAGRO, RELINFRA, RNRL, RPOWER, SCI, TATACHEM, TV-18.

5330 is the major Support which has to be breached to prove the weakness, and unless the NIFTY is trading above this level, the Markets are positive. It was the fourth continuous closing of NIFTY above 5400 levels; hence it may touch the levels of 5500 too in the coming sessions, continuing the positive trend.

20-Days EMA (Exponential Moving Average) has crossed the 50-Days SMA (Simple Moving Average), supporting the recent positive move. MACD (Moving Average Directional Index) and RSI (Relative Strength Index) have turned positive. Traders may take delivery basis position in the stocks turning from their oversold territory and make smart gains.

For the day, intraday resistance for NIFTY comes at 5416 / 5430 / 5450 levels. At the same time, 5395 / 5380 / 5360 will act as major intraday support levels.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

Hot Stock Tips and Pick for July 30th, 2010 (30/07/2010): Buy Bata

admin — Thu, 29 Jul 2010 18:44:34 +0000

Hot Share Tips and Pick for July 30th, 2010 (30/07/2010): Buy Bata

On the Daily Charts, BATAINDIA had made an Ascending Triangle Formation, which is a Bullish Reversal Pattern. The stock gave a good breakout yesterday by making a high of 293.70 with a good spurt in volume. Both the moving averages, 50-Days SMA (Simple Moving Average) and 20-Days EMA (Exponential Moving Average) of 269.46 and 275.55, respectively are indicating the positive crossover.

Yesterday also the prices made a Long White Candlestick. 14-Days RSI (Relative Strength Index) is quoting at 68.43 on the Daily Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Positive Directional Index (26.29) is above the Negative Directional Index (9.54), ADX (Average Directional Index) has strengthened on the Intraday Charts and is quoting at 16.07 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to buy BATAINDIA at the levels of 291-292 for the Targets of 325 & 330 in next 10-12 Days, with the Strict Stop Loss of 280.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

NSE Share Tips for July 30, 2010 (30-07-2010): Buy Dr. Reddy’s Laboratories

admin — Thu, 29 Jul 2010 18:36:02 +0000

NSE Stock Market Tips for July 30, 2010 (30-07-2010): Buy Dr. Reddy’s Laboratories

On the Daily Charts, DRREDDY is reversing from its lows by taking the strong support of 1300. Yesterday also the stock moved up overwhelmingly with a good spurt in volume. Stock’s 50-Days SMA (Simple Moving Average) and 20-Days EMA (Exponential Moving Average) are quoting at 1414.95 and 1404.82, respectively. Now the stock may touch its 20-Days EMA very soon.

The stock has made a Long White Candlestick for the day. 14-Days RSI (Relative Strength Index) has strengthened on the Intraday Charts and is quoting at 43.18 on the Daily Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Positive Directional Index (16.55) is still below the Negative Directional Index (31.13), ADX (Average Directional Index) has gained strength on the Intraday Charts and is also quoting at 27.27 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to buy DRREDDY only if it trades above 1386 for the Target of 1425, with the Strict Stop Loss of 1350.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

Stock Tips and Share Trading Ideas for 30th July, 2010 (30/07/2010): Buy Canara Bank

admin — Thu, 29 Jul 2010 18:31:50 +0000

Share Tips and Stock Trading Ideas for 30th July, 2010 (30/07/2010): Buy Canara Bank

On the Daily Charts CANBK has made a Long White Candlestick, after making a White Candlestick on the previous trading session with rising volumes.

Both the moving averages, 50-Days SMA (Simple Moving Average) and 20-Days EMA (Exponential Moving Average) of 442.23 and 470.85, respectively are indicating the positive crossover. Stock’s 14-Days RSI (Relative Strength Index) is quoting at 64.59 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Positive Directional Index (34.36) has crossed the Negative Directional Index (13.74), ADX (Average Directional Index) has gained strength on the Intraday charts and is quoting at 40.44 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to buy CANBK only if it trades above 488 for the Targets of 492 & 500, with the strict Stop Loss of 480.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

Stock market and Nifty Outlook and Review for July 29, 2010 (29-07-2010)

admin — Wed, 28 Jul 2010 18:22:45 +0000

Nifty Outlook and Review for 29th July, 2010 (29/07/2010)

Yesterday, on the Daily Charts, NIFTY made a Bearish Engulfing Pattern, which signifies that the uptrend has lost momentum and the bears may be gaining strength. After the announcement of Quarterly Results, RELIANCE crashed to the levels of 1018, breaching all its important supports, which also dragged the NIFTY till the levels of 5386.25 for the day.

A good sell-off was witnessed in all the heavyweight stocks, as F&O Expiry is in line tomorrow. NIFTY opened by making a high of 5447.85, but could not sustain and continued to drag. Finally, for the day it closed at 5397.55.

A range bound movement is expected in the next trading session, as F&O Expiry is in line (the last Thursday of the month). Only Stock and Sector specific momentum will be observed as results season is running, but then too traders should follow a cautious approach by following Strict Stop Losses.

Net Buying of Rs. 593.16 Crore in Cash Segment and of Rs. 849.53 Crore in F&O Segment by FIIs was witnessed on Wednesday’s trading Session.

Important Results to be announced Tomorrow are:
ABAN, ALOKTEXT, APOLLOTYRE, ARVIND, MAHABANK, BATAINDIA, BANKBARODA, FEDERALBNK, GHCL, GESHIP, GSPL, HCLTECH, HDIL, HEROHONDA, HEXAWARE, NAGARFERT, NFL, NHPC, NOVARTIS, ONGC, PETRONET, SAIL, SIEMENS, TATAGLOBAL, ULTRACEMCO.

5300 is the major Support which has to be breached to prove the weakness, and unless the NIFTY is trading above this level, the Markets are positive. It was the fourth continuous closing of NIFTY above 5400 levels; hence it may touch the levels of 5500 too in the coming sessions, continuing the positive trend.

The 20-Days EMA (Exponential Moving Average) has crossed the 50-Days SMA (Simple Moving Average), supporting the recent positive move. MACD (Moving Average Directional Index) and RSI (Relative Strength Index) have turned positive. Traders may take delivery basis position in the stocks turning from their oversold territory and make smart gains.

For the day, intraday resistance for NIFTY comes at 5400 / 5416 / 5430 levels. At the same time, 5370 / 5355 / 5330 will act as major intraday support levels.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

NSE Share Tips for 29th July, 2010 (29-07-2010): Buy Aurobindo Pharma

admin — Wed, 28 Jul 2010 18:17:25 +0000

NSE Stock Tips for 29th July, 2010 (29-07-2010): Buy Aurobindo Pharma

On the Daily Charts, AUROPHARMA gave a good run up in the whole of the trading session with a good spurt in volume. The prices crossed its 20-Days EMA (Exponential Moving Average) of 940.50 and made a high of 970.90 for the day.

Stock’s 50-Days SMA (Simple Moving Average) is quoting at 887.09. For the day, prices made White Opening Marubozu Candlestick for the day, with a good spurt in Volume. 14-Days RSI (Relative Strength Index) has gained strength and is quoting at 60.05 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Positive Directional Index (21.34) is still below the Negative Directional Index (22.48), ADX (Average Directional Index) has gained strength on the Intraday charts and is quoting at 27.97 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to buy AUROPHARMA only if it trades above 971 for the Target of 990, with Strict Stop Loss of 960.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

Intraday Trading Tips and Intraday calls for 29th July, 2010 (29/07/2010): Sell YesBank

admin — Wed, 28 Jul 2010 18:14:26 +0000

Intraday Trading Tips and Intraday calls for 29th July, 2010 (29/07/2010): Sell YesBank

On the Daily Charts, YESBANK touched its 20-Days EMA (Exponential Moving Average) of 290.15, by making a low of 290.10 for the day. Stock’s 50-Days SMA (Simple Moving Average) is quoting at 281.37.

The prices have made a Black Opening Marubozu Candlestick too for the day. 14-Days RSI (Relative Strength Index) is quoting at 54.23 on the Daily Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Negative Directional Index (21.00) has crossed the Positive Directional Index (20.54), ADX (Average Directional Index) has gained strength on the Intraday charts and is quoting at 23.18 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to sell YESBANK only if it trades below 290 for the Targets of 285 & 283, with Strict Stop Loss of 293.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

Share Tips for July 29, 2010 (29-07-2010): Buy Siemens

admin — Wed, 28 Jul 2010 18:11:18 +0000

Stock Market Tips for July 29, 2010 (29-07-2010): Buy Siemens

On the Daily Charts, SIEMENS gave a good opening at the levels of 720 (above its 50-Days SMA (Simple Moving Average) of 713.83). During the day, it also crossed its 20-Days EMA (Exponential Moving Average) of 723.35, by making a high of 728.50.

The 14-Days RSI (Relative Strength Index) is quoting at 51.72 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Positive Directional Index (17.08) and the Negative Directional Index (17.27) are quoting almost at the same levels, ADX (Average Directional Index) has gained strength on the Intraday charts and is quoting at 9.24 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to buy SIEMENS only if it trades above 730 for the Targets of 740 & 742, with Strict Stop Loss of 722.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

NIFTY and stock market outlook and review for July 28, 2010 (28/07/2010)

admin — Tue, 27 Jul 2010 16:11:48 +0000

NIFTY and Share market outlook and review for July 28, 2010 (28/07/2010)

Yesterday, on the Daily Charts, NIFTY made a Small White Candlestick, continuing the uptrend in the market. Till the announcement of the RBI’s Credit Policy, the markets traded very range bound with no major movement. RBI hiked the Repo Rate by 25 bps from 5.50% to 5.75% and also the Reverse Repo Rate by 50 bps from 4.00% to 4.50%, keeping the CRR (Cash Reserve Ratio) unchanged. After this announcement a good bounce back was witnessed in the rate sensitive stocks (Banking, Realty & Infra and Autos). For the day, NIFTY made a high of 5450.95 and a low of 5407.20. Finally, for the day it closed at 5430.60 (making it a fourth consecutive session to give closing above the levels of 5400).

A range bound movement is expected in the next trading session, as F&O Expiry is also on Thursday (the last Thursday of the month). Only Stock and Sector specific momentum will be observed as results season is running, but then too traders should follow a cautious approach by following Strict Stop Losses.

Net Selling of Rs. 22.10 Crore in Cash Segment and Net Buying of Rs. 1507.79 Crore in F&O Segment by FIIs was witnessed on Tuesday’s Trading Session.

Important Results to be announced tomorrow:
CHENNIPETRO, CORPBANK, DLF, GMDC, HAVELLS, HCLTECH, JINDALSTEL, LUPIN,M&M, MMTC, MRF, NEYVELI, PATNI, SOBHA, SUNTV, TATACOMM, VOLTAS, WELCORP

5360 is the major Support which has to be breached to prove the weakness, and unless the NIFTY is trading above this level, the Markets are positive. It was the fourth continuous closing of NIFTY above 5400 levels; hence it may touch the levels of 5500 too in the coming sessions, continuing the positive trend.

For the day, intraday resistance for NIFTY comes at 5445 / 5460 / 5485 levels. At the same time, 5416 / 5395 / 5380 will act as major intraday support levels.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.

Intraday Trading Tips and Trading idea for July 28th, 2010 (28/07/2010): Buy ACC

admin — Tue, 27 Jul 2010 16:07:14 +0000

Intraday Trading Tips and Trading idea for July 28th, 2010 (28/07/2010): Buy ACC

On the Daily Charts ACC has formed a Long White Candlestick, after recovering from the lows, with a very good spurt in volume.

Yesterday, the stock crossed both its 20-Days EMA (Exponential Moving Average) and 50-Days SMA (Simple Moving Average) of 832.52 and 845.14, respectively by making a high of 849.90.

The 14-Days RSI (Relative Strength Index) has strengthened is quoting at 55.24 on the Daily Charts (RSI below 50 indicates weakness or confirms the Selling signal).

The Positive Directional Index (15.97) is still quoting below the Negative Directional Index (16.82), ADX (Average Directional Index) has gained strength on intraday charts and is quoting at 24.15 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.

Hence, it is recommended to buy ACC only if it trades above 851 for the Targets of 866 & 870, with the Strict Stop Loss of 844.

Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.