NIFTY again comes in positive range.
It is well above 5K mark.
The annual returns on NIFTY and SENSEX have been brilliant.

NIFTY Technicals:

Nifty did it at last – recording a new 2009 high at 5,198. The weekly closing was also on a very strong note. But the 5,200-mark has evolved in to a very strong psychological resistance and traders ought to stay a trifle cautious as long as the index dilly-dallies below this mark. A strong break-out will give the targets of 5,329 for the index.

Short term support would be available at 5,100 and 5,024. Traders can buy in declines until the first support holds. Decline below 5,024 would mean that a more serious correction is in progress.

Failure on part of the index to move beyond 5,200 next week can result in a sideways move between 5,000 and 5,200 for a few more sessions.

NIFTY 1 year returns - Source: Hindu Business Line

Stocks to watch out for:

Rajesh Exports: This stock is in positive trend can easily cross 96 in short term (CMP – 88.90)

TCS: One of the best performing stock in the Indian markets in short term can cross 792. (CMP- 748)

NTPC: Sudden increase in the stock price can take the stock to the new highs. Targets of 250 in short to medium term. (CMP- 229)

Jayaswal Neco: Good volumes and bulk deals in the stock makes it a medium term buy with targets of 35 – 37. (CMP-30.90)

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US markets ended higher.
Europe also ended higher.
Asia has opened Higher following the global rally.
Expect the Indian markets to open positive.

The support for the Sensex is 15000 and the resistance to the up move is at 15300-15600-16046
Nifty: (4502) the support for the Nifty is at 4400 and the resistance to the up move is at 4615-4700-4789

Day Trading Ideas :

TCS : Buy above 510 for targets of 518 and 526. SL of 502

Bank of Baroda : Buy above 438 for targets of 445 and 458. SL of 430

MNM : Buy above 802 for targets of 814 and 821. SL of 793

Cairn India : Buy above 249 for targets of 255 and 259. SL of 244

“Intraday Tips and Market outlook for 29th May.”
US markets ended higher.
Europe ended flat.
Asia is trading mixed.
Expect the Indian markets to open flat to positive
The support for the Sensex is 13950 and the resistance to the up move is at 14500
Nifty: (4337) the support for the Nifty is at 4285 and the resistance to the up move is at 4390

Day Trading Ideas :

HCC
Buy above 109 for targets of 112 and 114 keep a SL of 106.45
Sell below 105 for targets of 103 and 101.50 keep a Sl of 106

TCS : Buy above 653 for targets of 661 and 668 keep a SL of 648

Unitech : Buy above 77.20 for targets of 78.50 and 79.20 keep a SL of 76.25

Happy Investing !

US markets ended negative.
Europe ended flat.
Asia has opened negative.
Expect the Indian Markets to open higher. Indian markets may not follow the global cues today.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3672) the support for the Nifty is at 3600 and the resistance to the up move is at 3800

Day Trading Ideas –

RCom
Buy above 235 for targets of 237 and 241
Sell below 229 for targets of 224 and 222

Adlabs
Buy above 240 for targets of 246 and 252
Sell below 225 for targets of 220 and 216

TCS
Buy above 650 for targets of 656 and 660
Sell below 632 for targets of 629 and 625

RNRL
Buy above 59.10 for targets of 60.15 and 61.25
Sell below 56.30 for targets of 55.80 and 54.25

US markets ended positive.
Europe ended mixed.
Asian markets are trading positive.
Expect the Indian markets to open positive.
The support for the Sensex is 11640 and the resistance to the up move is at 12569-12857
Nifty: (3654) the support for the Nifty is at 3500 and the resistance to the up move is at 3735-3820

Day Trading Ideas –

TCS
Buy above 674 for targets of 681 and 688
Sell below 650 for targets of 645 and 639

GMR Infra
Buy above 119 for targets of 123 and 125
Sell below 110 for targets of 107 and 105

HDIL
Buy above 161 for targets of 164 and 168
Sell below 154 for targets of 151 and 146

Unitech
Buy above 51 for targets of 52.45 and 53.60
Sell below 47.45 for targets of 46.85 and 45.50

Happy Investing !

US markets ended higher.
Europe also ended higher.
Asia has opened positive. Expect Indian Markets to have a positive opening.
The support for the Sensex is 10662-10444 and the resistance to the up move is at 11255
Nifty: (3370) the support for the Nifty is at 3303-3238 and the resistance to the up move is at 3451

Day Trading Ideas

RNRL
Buy above 57.45 for targets of 58.90 and 60.25
Sell below 54.35 for targets of 53.25 and 51.20

TCS
Buy above 580 for targets of 586 and 591
Sell below 565 for targets of 561 and 555

HCL Technology
Buy above 124 for targets of 127 and 131
Sell below 118 for targets of 115 and 111

US markets rallied.
Europe also rallied.
Expect Asian markets to open flat to negative.
Indian markets may also follow the foot prints of Asian markets.
The support for the Sensex is 9520 and the resistance to the up move is at 10050-10201
Nifty: (3060) the support for the Nifty is at 2960 and the resistance to the up move is at 3108.

Day Trading Ideas -

Sesa Goa
Buy above 102.10 for targets of 104.25 and 106.50
Sell below 97.45 for targets of 95.20 and 93.45

HDFC
Buy above 1005 for targets of 1012 and 1019
Sell below 989 for targets of 982 and 976

TCS
Buy above 551 for targets of 558 and 563
Sell below 546 for targets of 541 and 536

US markets rallied once againg.
Europe was trading flat.
Asia has opened mixed.
Expect Indian Markets to open flat to negative.
A range bounded mode expected.
Inflation at 30 years low at 0.27%.

The support for the Sensex is 9740 and the resistance to the up move is at 10201

Nifty: (3082) the support for the Nifty is at 3040 and the resistance to the up move is at 3142-3184

Day Trading Ideas -

SBI
Buy above 1095 for targets of 1115 and 1132
Sell below 1062 for targets of 1050 and 1040

TCS
Buy above 563 for targets of 568 and 572
Sell below 545 for targets of 540 and 533

Wipro
Buy above 262 for targets of 266 and 271
Sell below 245 for targets of 240 and 234

NIFTY Autogenerated Technical Analysis

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US markets had a good week so far. Yesterday too the US markets rallied.
Europe ended mixed.
Asia has opened marginally lower.
Expect Indian markets to open flat to negative.

The support for the Sensex is 8950 and the resistance to the up move is at 9140-9378

Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2848-3142

Day Trading Ideas –

TCS
Buy above 511 for targets of 515 and 518
Sell below 501 for targets of 495 and 491

Unitech
Buy above 26.90 for taregts of 27.45 and 28.10
Sell below 25.10 for targets of 24.80 and 24.35

Praj Industry
Buy above 51.10 for targets of 52.25 and 53.10
Sell below 48.10 for targets of 47.50 and 46.90

What do you think who will win the General Elections ? Cast your vote here.

US markets ended positive.
Europe ended flat/ mixed.
Asia has opened higher.
Expect Indian Markets to have a flat to positive opening.

The support for the Sensex is 8651 and the resistance to the up move is at 9065-9140

Nifty: (2757) the support for the Nifty is at 2704 and the resistance to the up move is at 2805-2843

Day Trading Ideas.

HDIL

Buy above 71.45 for targets of 72.45 and 73.80

Sell below 69.45 for targets of 68.20 and 67.15

RPL

Buy above 81.20 for taregst of 82.10 and 83.25

Sell below 79.45 for taregst of 78.90 and 78.10

TCS

Buy above 502 for taregst of 506 and 510

Sell below 489 for targets of 486 and 481