Buy ICICI Bank

Buy ICICI bank at 735 and sell at 744.85 with a stoploss of 730.25
At 12.40,ICICI Bank i strading at 734.80

Buy Nifty 4600 Put

Buy Nifty 4600 put at 147 with a stoploss of 134.45 and sell at 174.

Nifty on a song; Buy Union Bank

The markets world-over have rebound smartly, after the U.S Federal Reserve statement that the country is coming out the recession "slowly but steadily."
Indian Markets have also, along with rest of Asia", are trading in green today-morning.
We expect the market to be green at least for the next one day.

Today's target: Union Bank buy at 215.05 and sell at 219.45 with a stoploss of 213.25.

In the Past few trading session, Union Bank has dropped considerably when compared with the rest of banking sector, and we expect it to go beyond 225 level in the next couple of session.

Short ICICI Bank

Short ICICI Bank at 761.45 and buyback at 746.35 with a stoploss of 765.65.
At 11.45, ICICI Bank is trading at 760.00

Short Nifty Futures

Sell Nifty Futures at 4681 and buy back at 4630 with a stoploss of 4698.
At 11 A.M, Nifty Futures is trading at 4668

Go Short in Axis Bank

Short Axis Bank at 883.85 and buy back at 862.35 with a stoploss of 893.65.
At 11.35, Axis Bank is trading at 881.45

Sell NIFTY Futures

Sell NIFTY Futures at 4260 and buy back at 4187 with a stoploss of 4289.
At 11.25 A.M, Nifty Future is trading at 4254

Buy Axis Bank

Buy Axis Bank at 668 and sell at 684.35 with a stoploss of 662.15
As of 13.00, Axis Bank is trading at 669.15

Buy IDBI Bank

Buy IDBI Bank at 85.65 and sell at 88.45 with a stoploss of 84.20.
At 12.50, IDBI is trading at 86.25

Buy Bank Of India

Buy Bank of India at 306 and sell at 312.65 with a stoploss of 302.15
As of 12 noon , BOI is trading at 306.40

IDBI Bank - A good buy

IDBI Bank is trading at 93.55 at 11.15 A.M.
Buy at 92.65 with a stoploss of 91.30 and sell at 95.75
Long term traders can hold the stock and sell at 104 with a stoploss at 87.65

sell Mini Nifty

Sell Mini Nifty at 4427 and buy back at 4375 with a stop loss of 4445
As of 12.30, Mini Nifty is trading at 4418

Buy: HDFC Bank

Buy HDFC Bank at 1468 and sell at 1489 with a stop loss of 1459
As of 13.13, HDFC Bank is trading at 1474.

Buy Voltas

Markets are poised to turn green and expect it to go up by another 40-60 points.
Buy Voltas at 117.60 and sell at 120.30 with a stoploss of 114.70
At 12.30 , Volts is trading at 118.15

Buy SBI

Buy SBI at Rs.1702 and sell at 1726 with a stop loss of Rs.1689.
At 12.55, SBI is trading at 1704

Buy Bank of india

Buy bank of India at 330.25 and sell at 337.25 with a stoploss of 327.65
As of 11.45 A.M, Bank of India is trading at 331.85.

Buy Voltas

In the last couple of days Voltas has moved from around 127 to 140 and we expect the trend to continue for the next few days.
TIP: For Intraday, buy Voltas at 142.50 and sell at 149 with a stoploss of 139. Long term investors can hold the stock till 168 with a strict stoploss of 134.
As of 10.40 A.M, Volts is at 143.10

Sell Mini Nifty

Nifty has touched a nine month high of 4545.
Sell Mini Nifty at 4510 and buy at 4438 with a stop loss of 4548
As of 11.05 Mini nifty is trading at 4512

Buy IDBI

But IDBI at 93.85 and sell at 95.45 with a stoploss of 92.65.
As of 11.15 A.M, IDBI is trading at 94.05.

Buy Union Bank

Keeping up with the global cues, Indian Markets have gained more then 2%. However, what need to be seen is whether this rally has any more up tread (intraday) or not.

Tip: Buy Union Bank at 198.85 and sell at 204 with a stop loss of 196.35
At 11.20 A.M, Union Bank is at 199.10

Buy HCl Tech

Buy HCL Tech at 164.85 and sell at 167.45 with a stop loss of 162.85
As of 11.10 A.M, HCL Tech is trading at 165.70

Buy Infosys

The Indian markets appears like waiting for the cues from the big players. As expected they are in a range bound sliding a bit towards red.
Big technology stock got battered in the last two trading session and we are expected them to move up today.

TIP: Buy Infosys at 1512 with a stoploss of 1486 and sell at 1545
At 11.15 Infosys is trading 1523

Buy Andhra Bank

Today, the market is swinging like never before. Considering yesterdays historical High, this pattern is understandable.
However, the Buzz word in the NSE / BSE traders is "Caution".
As always, we advise our clients to strictly follow the stoploss in any of the trades.

Tip: Buy Andhra Bank at 77.65 with a stoploss of 76.10 and sell at 79.60
As of 12 noon, Andhra Bank is trading at 77.80

Indian Markets on a "HIGH"

Indian markets have given a Thumbs Up to the Congress led collation which is all set to form the next government.
So positive is the market, that NSE has hit not one, not two, but the maximum permissible circuits of three.
As per the NSE ,index based market wide circuit breaker system shall apply at three stages of the index movement either way at 10% (300pts), 15% (450pts) and 20% (600pts).
We sincerely hope that the government will continue with the growth programs that it had started in their last term and may even take a few bold measures, considering it almost got the absolute majority without the help of the LEFT parties which are traditionally opposed to any development.

Markets are closed for the day and will reopen tomorrow.

Buy HDFC Bank

As with the rest of the world, Indian Markets have also opened in green. What needs to be seen is if the markets will continue to be in green for the rest of the day.
Considering the expected results of Indian Elections, which seems to be throwing up a hung parliament, market moment can be extremely fickle.

Today's Tip: But HDFC Bank at 1178 and sell at 1206 with a stoploss of 1162.
As of 12 noon It is trading at 1182.

Sell Nifty Futures at 3714

Today, Indian markets are range bound which is expected as the Indian Election results are nearing.
There was a strong rumor in the Dalal Street yesterday about the possibility of NDA forming the next government in Delhi and markets have reacted positively to the news.
As always we provide the trade tips, but would like to caution the traders to very very careful as the market can swing either ways in these time of elections.

Tip: Sell Nifty Futures at 3714 with a stoploss of 3728 and buy sell at 3640

Buy IDBI

TIP: buy IDBI at 60.35 and sell at 61.90 with a stoploss of 59.55
Note: As of 10.40, IDBI is trading at 60.75

Buy Andhra Bank

On May 08,2009, Andhra Bank had come out with a better then expected results and its Board has recommended a dividend of Rs. 4.50ps per share for the financial year 2008-09.
The valuation of the bank looks impressive.

TIP: For intra day Buy Andhra Bank at 62.30 with a stoploss of 61.65 and sell at 63.95.
Note: At 10.55 A.M, Andhra Bank is trading at 63.
For long term, traders may take the script for delivery and sell at 73-78 levels with a stoploss of 56.

Buy HDFC Bank

Tip: Buy HDFC Bank for 1130 with a stoploss of 1118 and sell at 1148.
Note: As of 10.45 A.M, HDFC bank is trading at 1133.

Sell Nifty futures at 2728

Though the world markets have fallen by 1-2%, Indian Markets have started with a sop-gap of 05% which is a good indication of maturing market.
However, I believe profit booking will take place and hence it will be better to sell the futures.
Tip: Sell Nifty futures at 3728 with a stop loss of 3752 and buyback at 3672.
Note: As of 10.15 A.M., nifty futures is trading at 3700

Short Mini Nifty

Tip: As of 11 A.M, Mini Nifty is trading at 3680, sell the it up to 3670 with a stoploss of 3713.
Hold it for a day and buy back at 3618

Indian Markets closed

Indian Markets are closed today (elections in Mumbai) and tomorrow( May Day , Labour Day).
International Markets today are in green and this may impact our markets when they reopen on Monday morning.
Indian Markets are expected to open with a gap of +1.5-2.5%.

Nifty agin testing 3500 mark

Will the Nifty able to sustain the 3500 mark is the million dollar question.
Though the Asian markets are in red, there is a strong buying in the Indian counter.
If Nifty reaches the 3523, once can see a clear bull rally and markets can test the 3600 in a couple of days.
On the other hand, if the markets touch 3426, the market may move back to 3287.

TIP: Buy IDBI at 66.15 ( as of 11.15 A.M, its trading at 66.80). Sell it at 68.90 with a stop loss of 63.90.

Market News at 11.35 A.M

The markets, today, are range bound fluctuating between +- 0.5% and though the bulls seems to be gaining in this race, looking at the world markets the market may go down today.
Expect the market to be rage bound in the next few sessions (+- 100 points).

TIP: Buy HCL Tech at 127.10 ( at 11.38 A.M its trading at 127.80) and sell at 131.90- 134.90;Stop Loss at 122.90

Update on Indian Markets

Indian markets seems to be more resilient when compared to the world markets. Today most of the world markets are down by 2-5%. From today's low of 3324 it bounced back to 3370 ( NSE as of 12.15).
However, Indian Markets may be waiting for the European Markets to start and by end of today the Markets may go down by 3%.
Tip: Short Sell PNB at Rs.483 with a stoploss of Rs.487.30 and a target of Rs. 468-464.

April 20, 2009: Indian Markets are Range Bound

Today, Indian markets are swinging between +- 1% . As with the rest of the world, awaiting the news from US market, for guidance. This week major companies are expected to announce their Quarterly results and also provide the guidance for the things to come.
Today's major gainers are HCL TECH, ABB and Reliance Infrastructure Limited.
Updated as on April 20, 2009 time 14.45

Infosys Technologies (NASDAQ: INFY) Announces Results for the Quarter and Year Ended March 31, 2009

Infosys has come with its quarterly results and the markets have given them thumps up ( I didn't get it)
Well, the results are below what the markets have expected.
Some of the Data:
Fiscal 2010 revenues expected to decline by 6.7% to 3.1%
Fiscal 2009 revenue growth of 11.7% reported

Consolidated results for the quarter ended March 31, 2009
Revenues were $ 1,121 million for the quarter ended March 31, 2009; YoY decline was 1.8%
Net income after tax was $ 321 million for the quarter ended March 31, 2009; YoY growth was
2.6%
Earnings per American Depositary Share (ADS)* increased to $ 0.56 from $ 0.55; YoY growth of
1.8%

Consolidated results for the year ended March 31, 2009
Revenues were $ 4,663 million for the year ended March 31, 2009; YoY growth was 11.7%
Net income after tax* before exceptional item was $ 1,281 million for the year ended March 31,
2009; YoY growth was 10.1%
Earnings per American Depositary Share (ADS)* increased to $ 2.25 from $ 2.04; YoY growth of
10.3%

Others
37 clients were added during the quarter by Infosys and its subsidiaries
Gross addition of 4,935 employees (net 1,772) for the quarter and 28,231 employees
(net 13,663) for the year by Infosys and its subsidiaries
104,850 employees as on March 31, 2009 for Infosys and its subsidiaries
The Board of Directors recommended a final dividend of Rs. 13.50 per ADS (equivalent to $ 0.27
per ADS at the prevailing exchange rate of Rs. 50.72 per US$) for fiscal 2009.The dividends are
payable on the ADSs outstanding as on record date, at the prevailing exchange rate on the
payment date and are subject to approval by the shareholders.

With the global markets once again resuming there bull run, lets hope it will continue..for a long long time.

Tech Mahindra buys Satyam Computers

Good news to all the stake-holders and the employees: Tech Mahindra buys Satyam Computers. They have bid for the company at RS 58 and are a clear winner in the race to buy Satyam.
L&T's bid was at Rs 45. Even though L&T have lost in the bidding, they sure must be happy to know that their investment (close to 13%) in Satyam is in good hands.
Lets hope that Tech Mahindra will be able to bring the company back to its glorious days.