Morning Call - Oct 5 2009

The last two session candlesticks combination called “Bearish Doji Star”, warning of a coming trend reversal. The pattern requires a confirmation by lower closing in the next session. The RSI and the MACD are already showing negative divergence, in spite of this, the index managed to hold above the 13-day moving average. The Nifty Index is still 100 points away from the price objective of the “Ascending Triangle”. The nifty Index had a bullish breakout from the consolidation pattern called “Ascending Triangle” in late August at the 4760 level.

CNX BANK (8861): Strategy: Book Profit at Target: 9000,

A doji star is showing a loss of momentum. This pattern has formed near to the price objective of the “Ascending Triangle” pattern. The index had a bullish breakout form the “Ascending Triangle” on the second week of September at the 7750 level. Further, the indicators are showing negative divergence in the overbought territory.

CNXIT (5174): Strategy: Stay long for Target: 5375 with incremental Stop-loss of 5090

The CNX IT index has formed a spinning top formation after a strong white candle denotes the deliberation. This has confirmed by a brief negative divergence in the RSI which could trigger a brief correction towards the 13-day moving average at the 5000. The index had a bullish breakout from the 9-years descending trendline at the 4750 level. A clear move above the 5100 level will extend the current upward trend to the 5375 level.

USDINR (47.75) - Strategy: Stay short for the Target: 46.70 with a Stop: 48.60

The INR has given the bearish breakout from the three month long “Symmetrical Triangle” (green) with a falling gap which validates the pattern. Further, the RSI is below its support line and the MACD is in bearish mode certified the breakout. This will drag the currency towards the neckline of the major trend reversal pattern “Head & Shoulders” pattern at the 46.70 level.

India 10 Year Govt Bond Yield (7.21). Strategy: Long @ 7.21 for Target of 7.85 with a stop-loss: 7.00

The India 10-year bond yield has been rising after taking the support from the prior lower peak at the 7.00 level. Further, the RSI is above the broken support line hints the correction from the 7.47 level has completed. In September, the yield had a bearish breakdown from the nine months support line at the 7.30 level.

S&P500 (Last: 1057 BBG: SPX) - Strategy: Short in rallies @ 1075, Target: 1040, Stop: 1085

A couple of small real bodies’ candlestick after a strong white candle at the 13-day MA is indicating the lack of buying pressure. Since the past two weeks, the index has been struggling at the three and half month ascending trendline around the 1080 level. Both, the RSI and the MACD are showing negative divergence indicates the limited upside.

VIX Index (25.61, VIX Index) Strategy: Long @ 25.19, Target: 32.00– 40.00, Stop: 21.00

The VIX Index has been forming the “double bottom” pattern at the significant support of the two and half year support line and the 120-week MA at the 23 level since past two weeks. The index is placed at the key resistance level of the 100-day moving average at the 27.10 level. A decisive move above 27.10 will open the way towards the 30ish.

Crude (69.90, CL1 Comdty)

Crude has formed a strong white candlestick which placed above the broken support line of the symmetrical triangle and the 100-day moving average which indicates the failure of bearish breakout. This could open the way towards the upper line of the pattern at the 72.00 level and even further to the 77.00 level.

Dollar Index (DXY, 77.07)-Strategy: Long @ 77.10, Targets: 78.35-81.00, Stop-loss: 76.50

The DXY index is on the verge of bullish breakout from the 7-month long descending trendline at the 77.25 level. The RSI and the MACD are showing the positive divergence increased the chances of bullish breakout from the trendline. Further, the MACD is on the bullish mode supporting for the upward trend.

Nikkei Index (NKY, 9978) Strategy: Short below 9970 for Target: 9950, Stop: 10150

A week long holiday in the China, we replaced the Shanghai Composite Index to Nikkei Index. NKY index had a dual bearish breakout from the head & shoulders pattern and the 6-month long ascending trendline. A Falling window has increased the reliability of breakout. Since past four sessions, the index has been halting at the 100-day moving average at the 9970 level. A clear break of 9970 will open the way towards the 9950-the 38.2% retracement of 7021-10767 advanced rally.

Baltic Dry Index (2220):

The Baltic Dry Index, a measure of cost of hiring ships has been trading below the significant support of the 200-day MA at the 2230 level since over a week. This bearish breakdown would open the way towards the 61.8% retracement at the 2050 level. In early August, the index had a bearish breakdown from the 9-month long rising channel at the 3160 level. A broken 200-day MA is offers a strong resistance at the 2280 level.

Long ABAN Offshore (ABAN IS, 1648) for Targets: 1900 & 2200 and Stop-loss: 1550

Aban has been moving in the form of “Ascending Triangle” over the past four week after a vertical rise (165% rallied from the low of 631 on June-13). A move above the horizontal resistance line at the 1685 level will trigger a bullish breakout and resumed prior uptrend. During the pattern formation volume has been compress; it’s a key characteristic of the pattern. A trendline breakout in the RSI is offering an early indication of the trend reversal and often precedes the price breakout.

Morning Breakfast - Sep 16 2009

Morning Breakfast - Sep 16 2009

Morning Call - Sep 10 2009

Indian Equity benchmarks extended their winning streak and closed at fresh 15-month highs on Wednesday amid an extremely choppy session as traders resorted to alternate bouts of profit booking and bargain buying. Oil & Gas and Banking space did extremely well with RIL leading the pack gaining more than 4.5%. Today too we expect the markets to open firm on the back of strong global cues.

US Stocks rallied on Wednesday, with the Nasdaq and S&P 500 ending at 11-month highs as investors welcomed a Federal Reserve report that indicated the economy is stabilizing. Both Dow Jones Industrial Average & Nasdaq were up 0.6% & 0.9% respectively.


Asian markets are also trading higher at this point in time with Hang Seng & Nikkei up 1.7% & 1.4% respectively. Indian ADRs were up across the board with the exception of SBI which was down marginally. Satyam ended as the biggest gainer up more than 4%. Financials too remain strong with both ICICI Bank & HDFC Bank up by 3.6% & 1.4% respectively. Among other Tech ADRs, Wipro & Infosys ended the day with gains of 1.8% a piece. Sterlite was up 1%.

Morning Call - Aug 31 2009

Morning Call - Aug 31 2009

Morning Calls - Apr 21 2009

Morning Calls - Apr 21 2009

Morning Call - Apr 9 2009

Morning Call - Apr 9 2009

Morning Call - Sep 29 2008

Out House:

Markets at a support of 13031 12786 resistance at 13452 & 13591 levels .

Buy : RIL

Buy : LNT & Bhel

Buy : SBIN

Buy : Aftek at dips

Buy : RelCap at dips

Buy : HLL

Buy : Tisco at dips

Buy : Coreproject at dips

Buy : IBullReal

Dark Horse : Bhel , Titan ,RIL , BPCL , Tisco , ITC & Core

Morning Call - Sep 26 2008

Market Grape Wine :

In House:

Nifty at a support of 4055 and 3980 with resistance at 4130 and 4175 levels.

Cash: Buy RIL above 2062 target 2110 with S/L 2040.

Cash: Buy RPL above 152.50 targets 158 with S/L 149.50.

Future: Buy RPOWER above 162 targets 175 with S/L 156.

Future: Sell BAJAJ HIND below 123 targets 111 with S/L 128.






Out House:

Markets at a support of 13446 & 13254 and resistance at 13686 & 13868 levels .

Buy : RIL

Buy : LNT

Buy : SBIN

Buy : Kohinoor

Buy : RelCap

Buy : Akruti

Buy : HP & BPCL at dips

Buy : ITC

Buy : Coreproject

Dark Horse : LNT , SBIN , RIL , BPCL & Bhel

TGIF : Thank God Its Friday : Markets consolidating buy low sell high call for the day .

Morning Call - Sep 25 2008

Market Grape Wine :

In House:

Nifty at a support of 4100 & 4045 levels with resistance at 4185 & 4230 levels .

Buy : PunjLLoyd : above 285 target 300 s/l of 279

Buy : RelCap : target 1255 s/l of 1189

Buy : Satyam in F&O above 331 target 355 s/l of 321

Sell : SesaGoa : below 124 target 116 s/l of 129






Out House:

Markets at a support of 13446 & 13565 and resistance at 13786 & 13989 levels .

Maintain strict stop loss as markets to be very choppy and volatile , as F&O Expiry today .

Buy : RIL

Buy : LNT

Buy : HDFC Bank & SBIN

Buy : Glenmark & APIL

Buy : RelCap

Buy : Titan

Buy : Bharti & RComm

Buy : ITC

Buy : Ranbaxy with medium term prespective

Buy : JayshreeTea & McLLoyd bullet in a making it is a delivery call , medium term .

Dark Horse : Areva , MClloyd , LNT , SBIN , RIL , ONGC & Bharti

Morning Call - Sep 24 2008

Market Grape Wine :





Out House:

Markets at a support of 13346 & 13452 and resistance at 13786 & 13989 levels .

Maintain strict stop loss as markets to be very choppy and volatile .

Buy : RIL

Buy : LNT & Bhel

Buy : HDFC Bank & SBIN

Buy : Glenmark & APIL

Buy : RelCap

Buy : NTPC

Buy : GtOffshore & Aban

Buy : ITC & HLL

Dark Horse : Areva , ITC , Ntpc , Bhel , LNT , SBIN , RIL , Aban

Morning Call - Sep 23 2008

Market Grape Wine :

In House:

Nifty at a support of 4162 and 4105 with resistance at 4250 and 4310 levels.

Cash: Sell RELIANCE below 2039 target 1980 with S/L 2065.

Cash Sell ICICI BANK target 615 with S/L 645.

Future: Sell DLF below 421 targets 395 with S/L 435.

Future: ICICI BANK below 634 target 600 with S/L 648.







Out House:

Markets at a support of 13786 & 13452 and resistance at 14041 & 14152 levels .

Maintain strict stop loss as markets to be very choppy and volatile .

Buy : RIL at dips

Buy : LNT at dips

Buy : SBIN at dips

Buy : Kohinoor at dips

Buy : RelCap

Buy : Tisco at dips

Buy : GtOffshore & Aban at dips

Dark Horse : LNT , SBIN , RIL , , Aban , & RPL

Morning Call - Sep 22 2008

Market Grape Wine :

In House:

Nifty at a support of 4155 and 4039 with resistance at 4320 and 4385 levels.

Cash: Buy DLF above 435 target 460with S/L 427.

Cash: Buy SATYAM COMP above 373 targets 395 with S/L 366.

Future: Buy REL CAPITAL above 1273 target 1310 with S/L 1255.

Future: Buy BHEL above 1709 target 1760 with S/L 1685.






Out House:

Markets at a support of 13786 & 13542 and resistance at 14235 & 14352 levels .

Buy : RIL & LNT

Buy : Educomp

Buy : SBIN & IciciBank

Buy : Kohinoor & Coreproject

Buy : Sail at dips

Buy : RIL & RelCap

Buy : Suzlon

Buy : GtOffshore & Aban

Dark Horse : LNT , Bhel , RIL , RelCap , Aban , Core & RPL

Morning Call - Sep 19 2008

Market Grape Wine :

In House:

Nifty at a support of 3950 and 3830 with resistance at 4125 and 4190 levels.

Cash: Buy REL CAPITAL above 1124 target 1285.

Cash: Buy LT target 2625 with S/L 2530.

Future: Buy REL CAPITAL above 1128 target 1250 with S/L 1100.

Future: Buy RIL above 1943 target 2030 with S/L 1900.






Out House:

Markets at a support of 13050 & 13452 and resistance at 13786 & 14114 levels .

Markets to be very volatile , maintain strict stop loss for your trades .

Buy : LNT & Bhel

Buy : PunjLLoyd & Educomp

Buy : SBIN & IciciBank

Buy : Kohinoor

Buy : Core Project

Buy : RIL & RelCap

Buy : Suzlon

Dark Horse : LNT , Bhel , RIL , RelCap , Infy , Suzlon , Core & SKumar

TGIF : Thank God Its Friday : After a tormenting week book profits at higher levels .

Morning Call - Sep 18 2008

Market Grape Wine :

In House:

Nifty at a support of 3915 and 3830 with resistance at 4120 and 4167.

Cash: Sell RELIANCE below 1873 target 1810 with S/L 1900.

Cash: Sell SBI below 1528 target 1475 with S/L 1550.

Future: Sell ICICI BANK below 562 target 525 with S/L 575.

Future: Sell REL INFRA below 832 targets 800 with S/L 845.






Out House:

Markets at a support of 13045 & 12819 and resistance at 13425 & 13153 levels .

Markets to be very volatile , maintain strict stop loss for your trades .

Buy : LNT at dips

Buy : PunjLLoyd at dips

Buy : SBIN at dips

Buy : Kohinoor at dips

Dark Horse : HLL , ITC , INFY , LNT

Morning Call - Sep 17 2008

Market Grape Wine :

In House:

Nifty at a support of 4010 and 3925 with resistance at 4167 and 4235 levels.

Cash: Buy ICICI BANK above 577 target 615 with S/L 564.

Cash: Buy REL CAPITAL above 1090 target 1160 with S/L 1074.

Future: Buy REL CAPITAL above 1085 target 1150 with S/L 1055.

Future: Buy BOB above 312 targets 340 with S/L 300.






Out House:

Markets at a support of 13135 & 13452 and resistance at 13786 & 14041 levels .

Markets to be very volatile , maintain strict stop loss for your trades .

Financial , Infrastructure & Capital goods stocks to see constant buying at lower levels .

Buy : Bhel & LNT

Buy : Corerproject

Buy : PunjLLoyd

Buy : SBIN

Buy : NTPC & RelCap

Buy : Kohinoor

Dark Horse : ITC , INFY , Bhel , Sbin , ITC , LNT , Relcap

Morning Call - Sep 16 2008

Market Grape Wine :

In House:

Nifty at a support of 3950 and 3882 with resistance at 4080 and 4195 levels.

Cash: Buy HDFC BANK above 1150 target 1225 with S/L 1130.

Cash: Buy ACC above 565 targets 595 with S/L 558.

Future: Sell REL INFRA below 844 target 800 with S/L 860.

Future: Sell ANSAL INFRA below 77 targets 70 with S/L 81.






Out House:

Markets at a support of 13035 & 13245 and resistance at 13567 & 13786 levels .

Marekts to open weak , maintain strict stop loss for your trades : Markets to be very volatile .

Steep Bounce back not ruled out from lower levels in Financial , Infrastructure & Capital goods stocks .

Buy : Bhel at dips

Buy : Corerproject at dips

Buy : LNT at dips

Buy : SBIN at dips

Dark Horse : Bhel , Sbin , ITC , LNT , Relcap

Morning Call - Sep 15 2008

Market Grape Wine :

In House:

Nifty at a support of 4150-4085 with a resistance of 4235-4280

CASH:

SELL Reliance below 1935 target of 1875 s/l of 1950

SELL Sbi below 1514 target of 1470 with a s/l of 1542

FUTURE:

SELL Relcap below 1219 target of 1170 with a s/l of 1245

SELL Sbi below 1514 target of 1460 with a s/l of 1542







Out House:

Markets at a support of 13636 & 13425 and resistance at 14141 & 14235 levels .

Marekts to open weak , maintain strict stop loss for your trades : Markets to be very volatile .

Buy : RIL at dips

Buy : Corerproject at dips

Buy : RPower at dips

Buy : LNT at dips

Buy : Jayshreetea & Mcleodrussel at dips

Buy : SBIN at dips

Buy : GujNre at dips

Dark Horse : Bhel , Sbin , Kohinoor , LNT , RComm & Aban & Relcap

Morning Call - Sep 11 2008

Your Ad Here

Market Grape Wine :

In House:

Nifty at a support of 4352 and 4305 with resistance at 4440 and 4487.

Cash: Sell RELIANCE below target 2050 with S/L 2098.

Cash: Sell ICICI BANK target 680 with S/L 710.

Future: Sell TATA POWER below 1057 target 1000 with S/L 1075.

Future: Sell HDIL below 299 target 280with S/L 309.

Out House:

Markets at a support of 14454 & 14591 and resistance at 14786 & 14991 levels .

Buy : RIL

Buy : Corerproject at dips

Buy : RPower at dips

Buy : Bharti & TataCom

Buy : Jayshreetea & Mcleodrussel

Buy : SBIN

Buy : IBulls

Buy : LNT & Bhel

Dark Horse : SesaGoa , Sbin , Kohinoor , Bhel , RComm & Aban

Morning Call - Sep 10 2008

Market Grape Wine :

In House:

Nifty at a support of 4400 and 4325 with resistance at 4525 and 4560 levels.

Cash: Buy ONGC above 1125 target 1160 with S/L 1110.

Cash: Sell SBIN target 1510 with S/L 1580.

Future: Sell PNB below 503 targets 490 with S/L 510.

Future: Sell KOTAK BANK below 625 target 595 with S/L 636.






Out House:

Markets at a support of 14786 & 14591 and resistance at 14986 & 15091 levels .

Buy : RIL at dips

Buy : Corerproject at dips

Buy : RPower at dips

Buy : RComm

Buy : Jayshreetea & Mcleodrussel

Buy : SBIN

Buy : Titan

Buy : LNT at dips

Dark Horse : Titan , GTOFFshore , Sbin , Kohinoor , Bhel , NTPC & Aban

Morning Call - Sep 5 2008

Market Grape Wine :

In House:

Cash: Sell GESHIP below 367 targets 350 with S/L 373.

Cash: Sell REL INFRA below 1024 target 980 with S/l 1045.

Future: Sell RELCAP below 1375 target 1310 with S/L 1395.

Future: Sell RPL below 156.50 targets 148 with S/L 160.

Out House:

Markets at a support of 14646 & 14532 and resistance at 15151 & 15024 levels .

Markets to be very choppy and volatile keep strict stop loss .

Buy : RIL at dips

Buy : ITC at dips

Buy : Srei

Buy : HLL

Buy : Hdfc at dips

Buy : Mcleodrussel

Buy : SBIN at dips

Buy : JSW & Sail at dips

Dark Horse : HDFC , McLloyd , RIL , Core , HLL , & ITC

TGIF : Thank God Its Friday : Markets to be range bound buy low sell high call for the day with negative Bias .