Stock Trading Tips & Market News – 9 November
Posted by Stock Market Guru on 8 November, 2009
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Today’s Stock Market Sensex & Nifty (Cash and Options) Free Trading Calls
- Stock Market Pre-opening Outlook: On friday, indian stock market opened with a 50 points gap and was trading flat between 4800 to 4820. But after mid session market showed some selling pressure after EU markets opened flat and traded in negative zone. Nifty was not able to go above 4846 levels and which was major resistance level for next rally for 4867. Dow Jones and Nasdaq were also opened with positive gap of 30-50 points but finally closed flat with minor gap up. US reached unemplyement rate of 10.2% which is highest after 1983 and microsoft also planning to reduce its headcount globally. But India Economy Summit was positive for india as PM suggested that indian economy is really growing speedily and they have decided to privatise education and healthcare so healthcare and education companies are going to get major projects. They are ready to reverse stimulus packages slowly which means indian industry is growing but if they have made some wrong calculation then market could touch lows again. Market may open positive but I am expecting some painfull trading today or tomorrow as last week positive trend reversal is there. 471o will serve major support level and once nifty will break that level we may see free fall till 4655 levels. If nifty closes above 4710 for next 2 days then we may see another up rally but closing below 4710 level will help nifty to reach 4550 level in a week.
- Nifty Levels: Current 4796 Support Level 4745, 4710, 4687 Resistance Level 4825, 4867, 4910 (I am seeing Nifty Reversal between 11:45 a.m. to 12:15 p.m.)
- NOTE: Closing below 4710, Exit Long for short term support of 4550.
- Buy Education(Educom, Everonn, Aptech and NIIT) and Healthcare (Apollo Hospitals, Cadila Healthcare, Fortis and Wockhardt Hospitals) Stocks On dips
- Buy IRB Infrastructure For 1 year holding -> Expecting 60% return in a year minimum
- Book Profit in IT stocks, We may see selling pressure in it.
- CASH: (My Favorite Bank After Yes Bank Read Here) Buy Dhanalakshmi Bank Intra Target 147, 149.5 Medium Term Target 160, 168 Stop Loss 135.5
- CASH: Buy Biocon above 254.5 Intra Target 260, 265, 270 Stop Loss 249
- CASH: Buy Cadila Healthcare Intra Target 625, 640 Stop Loss 582
- CASH: Buy Aptech Ltd. Intra Target 189, 196 Short term Target 220, 245 Stop Loss 177, 160
- CASH: Buy Fortis Healthcare Target 107, 108 Stop Loss 102
- CASH: Buy Educomp Target 840, 865 Stop Loss 794
- CASH: Buy Navneet Publication Intra Target 43, Short Term Target 47, 50 Medium Term 65 Stop Loss 38, 32
- CASH: Buy Everonn Education Intra Target 415, 418 Short Term Target 440, 453 Stop Loss 404, 392
- CASH: Buy Religare Enterprise Intra Target 405, 410 Medium Term Target 480, 500 Stop Loss 372
- CASH: Buy Yes Bank Intraday Target 260, 265 Stop Loss 249
- FUTURE: Buy Tata Steel, Reliance Infra and PFC.
- FUTURE: Risky Trader Only: Buy Ispat Industries and Unitech
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- Past Trading Calls View Here
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