US markets ended higher.
Europe ended marginally higher.
Asia has opended higher. Expect the Indian Markets to opwn positive with a gap up opening.
Inflation for the weekended comes to 2.43% which is seven years low. Is the figure inflated? God knows.
The support for the Sensex is 80470 and the resistance to the up move is at 8522-8676
Nifty: (2617) the support for the Nifty is at 2539 and the resistance to the up move is at 2677-2704

Day Trading ideas

SBI
Buy above 916 for targets of 921 and 928
Sell below 901 for targets of 896 and 884

LNT
Buy above 582 for targets of 588 and 596
Sell below 568 for targets of 560 and 554

Axis Bank
Buy above 312 for targets of 316 and 320
Sell below 300 for taregts of 296 and 292

Sterlite Industry
Buy above 268 for targets of 273 and 278
Sell below 252 for targets of 248 and 245

Its been one year since markets have fallen from its peak. Last year on 21st Jan we saw Indian markets saw a blood bath.
US markets plung badly.
Europe is marginally lower.
Asia has opened weak.
India is bonded to open negative.

The target for the Sensex is 8945 and the resistance to the up move is at 9528-9708

Nifty: (2797) the target for the Nifty is at 2686 and the resistance to the up move is at 2870-2922

Day trading ideas

HDIL

Buy above 106 for targets of 108 and 110

Sell below 102.25 for targets of 100 and 98.20

Power Grid

Buy above 88.10 for targets of 89.85 and 91.25

Sell below 84.20 for targets of 82.10 and 80.50

Educomp Solutions

Buy above 1978 for targets of 1985 and 1993

Sell below 1958 for targets of 1950 and 1940

Happy Investing.

Are u angry on Ramalinga Raju? Then hit him with a rotten egg on his face.

US markets ended positive on Friday.
Europe also ended positive.
Asia has opened positive.
I expect Indian Markets to open flat to positive.

The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708

Nifty: (2828) the target for the Nifty is at 2740 and the resistance to the up move is at 2870-2922

Markets may not be able to sustain all its gains and may remain volatile.

Day Trading Ideas –

Unitech
Buy above 31.10 for targets of 31.90 and 32.50
Sell below 29.15 for targets of 28.60 and 28.10

Suzlon
Buy Above 52.15 for targets of 53.50 and 54.90
Sell below 49.50 for targets of 48.75 and 48.10

Infosys
Buy Above 1277 for targets of 1285 and 1293
Sell below 1257 for targets of 1250 and 1245

Sesa Goa
Buy above 78.50 for targets of 79.25 and 79.90
Sell below 75.45 for targets of 74.80 and 73.90

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Happy Investing

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US markets plunge.
Europe also was in red down over 4%.
Asia has opened weak.
India is bonded to open lower.

The target for the Sensex is 9250 and the resistance to the up move is at 9557-9731

Nifty: (2835) the target for the Nifty is at 2775 and the resistance to the up move is at 2882-2931

Day trading ideas.

IFCI

Buy above 20.90 for targets of 21.25 and 21.90

Sell below 19.80 for targets of 19 and 18.45

DLF

Buy above 215 for targets of 219 and 223

Sell below 205 for targets of 199 and 193

HDIL

Buy above 109 for targets of 112 and 115

Sell below 102 for targets of 98 and 93

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US markets ended mixed.

Europe ended marginally negative.

Asia opened flat but now has pulled back and is trading positive.

India is bonded to open flat or positive.

The target for the Sensex is 8947-8845 and the resistance to the up move is at 9575-9750

Nifty: (2769) the target for the Nifty is at 2685-2404 and the resistance to the up move is at 2812

Day trading ideas

TCS

Buy above 526 for targets of 530 and 534

Sell below 512 for targets of 509 and 505

Infosys

Buy above 1238 for targets of 1243 and 1249

Sell below 1208 for targets of 1201 and 1196

Tata Steel.

Buy above 206 for targets of 209 and 213

Sell below 199 for targets of 196 and 193

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US markets were down again yesterday.

Europe ended lower too.

Asia is bonded to open negative. We may see a negative opening in the Indian markets also.

NIFTY is technically oversold and is now in down trend for short term.

Do not initiate any fresh buys. Also don’t short much below 2700 as we can bounce back on short covering.

The support for the Sensex is 8947-8845 and the resistance to the up move is at 9575-9750

Nifty: (2773) the support for the Nifty is at 2685-2404 and the resistance to the up move is at 2812

Day trading ideas.

Unitech

Buy above 35.10 for targets of 36 and 37.10

Sell below 33.05 for targets of 32.50 and 31.70

Sesa Goa.

Buy above 77.50 for targets of 79.05 and 80.50

Sell below 74.10 for targets of 73.50 and 72.25

Rajesh Exports

Buy above 22 for targets of 22.70 and 23.25

Sell below 20.50 for targets of 20 and 19.45

HDIL

Buy above 102 for targets of 103.20 and 104.50

Sell below 98 for targets of 96.40 and 95.10

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US markets ended negative. US ended negative as the jobless data comes out to be the worst.

Europe ended marginally negative.

Asia has opened marginally lower.

Indian markets are bonded to open flat to negative.

If markets open higher of 100 odd points on NIFTY they are bonded to give up all its gains.

The support for the Sensex is 9100 and the resistance to the up move is at 9716

Nifty: (2873) the support for the Nifty is at 2800 and the resistance to the up move is at 3000

Day trading ideas.

Unitech

Buy above 36.95 for targets of 37.50 and 38.80

Sell below 33.25 for targets of 32.50 and 31.25

LNT

Buy above 728 for targets of 733 and 740

Sell below 712 for targets of 706 and 698

Punj Llyod

Buy above 119 for targets of 124 and 128

Sell below 111 for targets of 105 and 101

TCS

Buy above 541 for targets of 545 and 551

Sell below 532 for targets of 528 and 525

(We have our IIP data to release so be careful while trading in capital goods scrips.)

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US Markets ended mixed after a volatile start.

Europe ended marginally lower.

Asia is bonded to open flat to negative.

India is bonded to follow the same.

The support for the Sensex is 9100 and the resistance to the up move is at 10000

Nifty: (2920) the support for the Nifty is at 2800 and the resistance to the up move is at 3000

If markets open positive or up 300 odd points it is bonded to give up all its gain. If it opens week it can give a pull back or a short covering.

IFCI

Buy above 22.10 for targets of 22.90 and 23.50

Sell below 20.50 for targets of 19.80 and 19.10

Infosys tech.

Buy above 1197 for targets of 1209 and 1218

Sell below 1171 for targets of 1165 and 1160

Unitech

Buy above 37.50 for targets of 38.20 and 39.25

Sell below 34.10 for targets of 33.50 and 32.60

DLF

Buy above 242 for targets of 246 and 251

Sell below 231 for targets of 228 and 225

Happy Investing!

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Satyam’s fraud was the reason the market tank yesterday. Satyams ADR opened down 91%.

US markets ended lower on an average of 3%. Europe also ended lower.

Asia has opened negative.

India is bond to open negative. The trend in NIFTY is broken and one can see markets giving up gains.

I see a minor correction in NIFTY.

Now a support for Sensex is 8900 and resistance for up move at 10150.

And support for NIFTY is at 2740 and resistance for up move at 3125.

Day trading ideas.

IFCI

Buy above 22.10 for targets of 22.90 and 23.50

Sell below 20.50 for targets of 19.80 and 19.10

Infosys tech.

Buy above 1197 for targets of 1209 and 1218

Sell below 1171 for targets of 1165 and 1160

Unitech

Buy above 37.50 for targets of 38.20 and 39.25

Sell below 34.10 for targets of 33.50 and 32.60

DLF

Buy above 242 for targets of 246 and 251

Sell below 231 for targets of 228 and 225

Happy Investing!

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US markets ended mixed after a volatile secession.

Europe ended marginally higher.

Asia is trading higher.

Expect Indian markets to open a higher note.

The support for the Sensex is 10190 and the resistance to the up move is at 10708

Nifty: (3113) the support for the Nifty is at 3100 and the resistance to the up move is at 3240

Day trading ideas –

TCS

Buy above 513 for targets of 518 and 524

Sell below 501 for targets of 496 and 490

Unitech

Buy above 46.90 for targets of 47.80 and 48.90

Sell below 43.20 for targets of 42.50 and 41.85

Satyam

Buy above 183 for targets of 186 and 189

Sell below 176 for targets of 173 and 171

Happy Investing!

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