Friday, May 29, 2009

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.

Wednesday, May 27, 2009

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

Tuesday, May 26, 2009

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

Thursday, May 21, 2009

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

Tuesday, May 19, 2009

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

Monday, May 18, 2009

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.

Friday, May 15, 2009

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.

Wednesday, May 13, 2009

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

Tuesday, May 12, 2009

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

Monday, May 11, 2009

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.

Friday, May 8, 2009

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

Tuesday, May 5, 2009

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