Markets have become volatile for quite some time. Expect some more volatility. Movements totally driven by global markets.

NIFTY : Nifty did move higher to 4,844 last week but instead of doing so in one or two sessions, it took the entire week. The index is now poised below the critical short-term trend deciding level of 4,844.

A downward reversal from here will cause a sharp decline to 4,674 or even 4,570 in the days ahead. Resistances above are at 4,917, 5,024 and 5,067.

Traders can continue to initiate short positions in rallies with stop at 4,930. The short-term bias will turn positive on a move beyond this level.

Medium-term trend in the index is at risk of reversing lower but as mentioned earlier, a strong close below the 200-day moving average at 4,676 is needed to signal that the index is heading towards the next support at 4,538. Minimum downward targets on a strong close below the 200 DMA are 4,478 or 4,400.

Stocks to watch out for :

Apollo Tyres : Targets of 62. SL of 51

IndusInd Bank : Targets of 158 . SL of 142

Happy Investing!

Don’t over trade and also don’t buy in bulk as off now.

So Festival time is over this time with happiness!
NIFTY last week came down below 5K mark and yet is below it by 3 points.
The global cues sound to be good now with good economic and employment data.

NIFTY look average. No quick gains can be expected in coming week.

Markets were volatile last week.
Get NIFTY Technicals here.

No special news this week.
Adani Power IPO which was offered at Rs100 opened at 8% premium.

Sectors on which we are bullish this week :
IT.
Pharma.

Stocks to watch out for this week :

Aurobindo Pharma : Buy above 690 for targets of 720 and 735. SL of 681

MNM : Buy above 800 for targets of 820 and 845. SL of 792

TATA Motors : Buy above 430 for targets of 440 and 448. SL of 425

Happy Investing!

Read Oil India IPO Review.

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NIFTY Started of good on Monday but by the end of the week gave up all.

NTFTY Trin : 1.44
Current spot : 4481.4
Support : 4390 and 4275
Resistance : 4551 and 4685

Expect volatility in coming sessions.

Stock tips for the week.

Aban offshore : Buy above 1080 for targets of 1105 and 1128. SL of 1065

BOB : Buy above 430 for targets of 436 and 442. SL of 425

DLF : Buy above 375 for targets of 385 and 398. SL of 366

Last week we saw Indian stocks giving some good returns.
Inflation is still in negative zone.
RIL and RNRL have yet not come to a solution.
Adani power gets 22 times over subscribed.
Good results posted by Indian Companies.

Sectors to watch for :

• IT
• Infra
• PSU

Stocks to watch out for :

• LNT : Buy above 1415 for targets of 1430 and 1440. SL of 1389
• RNRL : Buy above 84.10 for targets of 85.45 and 86.10. SL of 82.85
• DLF : Buy above 401 for targets of 410 and 425. SL of 392
• ICICI Bank : Buy above 765 for targets of 779 and 789

NIFTY Weekly technicals

Last week Indian Markets witnessed good gains because of :
Good global cues.
Good domestic sentiments.
Good Q1 results.

The market sentiments have totally changed.
Monday one can expect the markets to be in Red.
Adani Power IPO open tomorrow. (Price band 90-100)

Sectors I am bullish on :
FMCG , Capital Goods and Infra.

Stocks to watch out for :

Praj Ind : Buy above 88.10 for targets of 91 and 94. SL of 86.

LNT : Buy above 1505 for targets of 1520 and 1535. SL of 1480

MNM : Buy above 830 for target of 865. SL of 810

Aurobindo Pharma: Buy above 525 for targets of 580. SL of 510

Technically NIFTY looks strong. For advance NIFTY Technicals Check out NIFTY Auto generated technicals.

Markets last week performed extremely well.
Auto Index gained the maximum

Stocks to look out for this week are RNRL, RIL, HDIL, DLF, MNM.

A disappointing week for the Indian Stock Markets after Pranab announced the budget this Monday.

What happened last week ?

• Budgets were announced.
• Inflation is yet in negative zone.
• We saw good IIP growth.
• Infosys posted profits of 17% despite of slowdown.

Sectors to watch out for :

• Fertilizers
• IT
• Reality.
• And Yes FMCG too.

Stock Tips for the week.

• RNRL : Buy above 73.45 for targets of 79 and 84. With a SL of 71
• Wipro : Buy above 389 for targets of 398 and 405. With a SL of 385
• HCC : Buy above 98 for targets of 106 and 111. With a SL of 95
• RPower : Buy above 150 for targets of 158 and 165. With a SL of 145

NIFTY Weekly Technicals

Last week was volatile. Last week NIFTY Closed at 4274.05 and this week at 4375.5 a 100 points upside from last week’s closing.
FII participation was negative. This shows the sentiments have once again changed.
NIFTY TRIN : 0.873
NIFTY Range : The crucial supports on the way down are at 4200 and resistances on the way up are at 4560.

What we saw last week :

Inflation is still in negative zone.
FII were net sellers.
Rollover was not so interesting.
The budget week is now all set to come.
Budgets will decide the future trend of the markets.

Sectors :

• Fertilizer.
• Automobile.
• IT.

Stocks to watch out for :

• Lupin : Buy above 862 for targets of 869 and 880. Keep a SL of 855
• LNT : Buy above 1620 for targets of 1635 and 1650. Keep a SL of 1605
• IRB Infra : Buy above 155 for targets of 158 and 162. Keep a SL of 151

NIFTY Auto generated technical analysis.

Happy Investing !

What we saw on the Indian Stock Markets last week :
Indian Economy is now in Deflation.
Bad global cues which affected the Indian Sentiments.
Budget talks.
Entry load on MF scraped off.

Sectors to watch out for :

• FMCG
• Telecom
• Infra
• Fertilizer

Stocks to watch out for :

• HCC (99.30) : Buy above 101 for targets of 105 and 109. Keep a SL of 96
• Shree Renuka (134.10) : Buy above 138 for targets of 144 and 147. Keep a SL of 131
• HDIL (228.20) : Buy above 231 for targets of 234 and 239. Keep a SL of 225

NIFTY Weekly Technical analysis.