Monday, November 8, 2010

Stock market research report 8.11.2010

From Our Technical Desk

Bullish gap intact

Nifty opened with a gap up once again on Thursday and rallied steadily for the remainder of the day to register an all-time high closing for the index. Nifty has now closed above the 6300 mark is only a few points off from the all-time intraday high of 6357. The momentum oscillators are in bullish territory, the daily MACD has also triggered a buy crossover. Market wide breadth was in favor of advances. Nifty is trading in a rising trend channel and unless that channel is intact one can expect Nifty to test our medium term bias.

BSE Auto

The index has gone past the previous swing high indicating that the bullish momentum is still strong and one can look for targets in range of 10550-10700.

From The Dealing Desk

Trading Ideas

• Remain stock specific from current levels.

• Trading ideas which we like are KFA (Target Rs88), Ranbaxy (Target Rs668), Jindal Saw (Target Rs248) and Apollo Tyres (Target Rs80). Traders maintain stop loss accordingly.

Investment Ideas

• Mahindra & Mahindra: CMP @ Rs778 (Target Rs 880)

FOR MORE DETAILS VISIT :http://www.insighttechnical.net

Wednesday, November 3, 2010

Market report 03/11/2010

BUY INDIAN HOTEL AT 106 WITH 98 STOP LOSS TGT 118
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Minimun investment requires is 50,000
Segment of trading is nifty futures and options
Minimum lot size of nifty is 20
Investment view is long term
Advisable invested period is minimum one year
Profit sharing ratio is 80: 20 (80 % of client and 20% ours)
Website is http://emkayshare.in/emkaytrade/emkayutility/login1.asp
Demo id & password id : f44s001 password : 12345
Things can be cheked ledger/transaction of the day/holding
Excel report (chk format sheet) an email is been send on daily basis for he transaction done in the account
Trading & demat a/c to be opened at emkay global financial services ltd
Statergy of system based on trend
Stoploss / target (chk performance sheet) small losses big profits
*28/10/2010*
* EPT Buy Insecticid @ 234 sl 214 tgt 254/274
* UY HEXAWARE @ 90.50.......SL 83....TRGT 110 (ONE MONTH DELIVERY CALL)
* all for day traders Buy Relinfra @ 1069 sl 1063 tgt 1080
* all for day traders Buy ACC @ 992.25 sl 989 tgt 1004
* all for day traders Buy Nifty book profits @ 6046
*28/10/2010*
* EPT Buy Insecticid @ 234 sl 214 tgt 254/274
* UY HEXAWARE @ 90.50.......SL 83....TRGT 110 - one month

*29/10/2010*
EPT call buy Rel Media cmp 255 stoploss 239.4 target 270 and 284.

From Our Technical Desk
Three times lucky
Nifty closed below the 6000 level - a psychologically important level, on expiry day for the month of October 2010, especially after extremely volatile trade in last one hour of trade. However, today again Nifty managed to find support near 5966 level and this has happened for the third time in past few sessions - "three times lucky". Moreover, number three plays a very prominent role throughout the entire field of technical analysis and hence the level of 5966 should be looked as a key pivot in the coming sessions. If Nifty manages to hold this level, then this consolidation phase will provide the base to go pass the previous high of 6357. On the contrary, if 5966 get violated on closing basis then the slide of Nifty will continue upto 5850-5800 levels.
BSE Oil & Gas
BSE Oil & Gas index is currently resting at the support of 20-DSMA and overall trend is still up as the higher top higher bottom formation is still intact. So a daily positive close in this index will back the confidence of the bulls and we may see this index scaling fresh highs in the near future.
From The Dealing Desk
Trading Ideas
Remain stock specific from current levels.
Trading ideas which we like are KFA (Target Rs88), Jindal Saw (Target Rs248), Naga Fert (Target Rs40) and Spice Jet (Target Rs98). Traders maintain stop loss accordingly.
Investment Ideas
Sterlite Tech: CMP @ Rs84 (Target Rs100)

For more details contact http://www.insighttechnical.net

Monday, November 1, 2010

Share Market Research Report

From Our Technical Desk

5960 - 6100: Range for the coming session

For followers of technical analysis, Nifty has made a "Doji" on monthly charts, which is usually a sign of weakness, but we believe that the major part of the weakness has ended in October itself and hence the probability of Nifty falling back upto 5830 has drastically reduced, if not negated. Moreover, Nifty did not close below 5960 mark, after a little bit of whipsawing in today's session and hence there is a possibility that something could have ended in today's session itself. However, until Nifty goes pass 6100, prices will trade within the band of 5960-6100.

BSE Metal

BSE metal index has taken support at the internal trendline drawn along the highs of June and August 2010, which indicates that the current trend will again resume and one can look for targets in range of 17,500 to 18,000.

From The Dealing Desk

Trading Ideas

  • Remain stock specific from current levels.
  • Trading ideas which we like are IDBI (Target Rs198), Jindal Saw (Target Rs248), Naga Fert (Target Rs40) and Spice Jet (Target Rs98). Traders maintain stop loss accordingly.

Investment Ideas

  • Allahabad Bank: CMP @ Rs247 (Target Rs300)

FOR MORE DETAILS VISIT :http://www.insighttechnical.net

Nifty Intraday Tips