Today Trading Tips, Stock Market News Updates – June 15
Posted by Stock Market Guru on 13 June, 2009
9 Comments
Market News Highlights
- Since last 3 to 4 trading sessions, We have seen huge selling pressure from Retail investors and HNIs but FIIs and DIIs were won the race with buying a lot in indian share market. But on last trading day of last week, HNIs and Retailers won the trading game and draged the stock market 1.5% and whipped off all gains of the last weeek. In closing session trading, Sensex plunged to 260 points down but in last hours we have seen a heavy volatility and finally Sensex closed at 15327 with 170 points losses and NSE nifty closed at 4583 with 54 point losses but above 4580 strong support level.
- Philips Electronics India has decided to float an buyback offer of Rs 242 per share, to enable minority shareholders make an exit – BS
- K Raheja Universal Private Ltd wants to scrap notified special economic zones (SEZs) and also surrender a part of another zone due to lacking demand in Information Technology sector
- State bank of india cuts fixed deposit rate by 0.25% from 15th june
- NTPC has decided to buy Jharkhand Thermal Station
- Counntry’s largest hotel firm Indian Hotels Company (IHCL), reported a net profit of Rs 234 crore, a fall of 38 per cent from the previous financial year.
- Facebook Inc, the largest social-networking site, said members registered user names at a rate of more than 550 a second in the 15 minutes after the company offered people the chance to claim personalised Web addresses – BS
- North Korea is on nuclear war so all asian markets should open with huge negative gap and indian stock market will follow that for short term. Use that as an opportunity to buy Future Blue chips.
- Market Today’s Pre-opening Outlook: Indian market closed with 1.5% losses on last trading day due to fiscal deficit and less rain prediction for current year. But still FIIs and DIIs are having positive outlook on india. Though Asian US and EU markets were trading in pressure I am still bullish on indian market. But in this week we may see senxsex touching 14750, 14500 levels and nifty trading below 4500 level. But dont leave this opportunity to buy or build your portfolio. Today market may open with a negative gap and on closing basis we may see some buying interest in market. Traders who are in Derivatives ( Option and Future Trading ) be careful before buying any fresh positions. Calculate your risk before anything. Nifty should be trading above 4655 level and should have closing above that level for 2 consicutive days to have new strong levels inIndian Stock Market
- Nifty Levels: Support Level 4580, 4550, 4510 Resistance Level 4610, 4640, 4664
- Slowly start Booking profits in PSU Banks like Canara bank, PNB, Allhabad bank, Dena Bank, Maharashtra bank, Syndicate Bank. We will see 5 to 10% drop in their CMP
- Buy Thomas Cook: CMP 59.8 Target 63,65 Short Target 68 Stop Loss 55
- Buy IDFC: CMP 138.8 Target 142, 145 Short Term Target 155 Stop Loss 134
- Buy GAIL India: CMP 287.45 Target 296, 299 Short Target 310 Stop Loss 283
- Buy Jayshree Tea: CMP 180.2 Target 185, 188 Short Target 190, 195 Stop Loss 175
- Buy Sesa Goa: CMP 203 Target 210, 217 Stop Loss 198
- Buy Bhagyanager India: CMP 25.2 Short Target 29, 31 Long Target 39 Stop Loss 20 ( Its not Intraday Call)
- Buy Reliance Industries: CMP 2360 Target 2410, 2450 Stop Loss 2310
- Sell Aban Offshore: CMP 1006 Target 975, 954 Stop Loss 1040
- Sell Tech Mahindra: CMP 721 Target 701, 692, 679 Stop Loss 740
- Sell Satyam: CMP 80.7 Target 75, 72 (We may see Lower Ckt in coming Days) Stop Loss 85
- Buy GMR Infra: CMP 159.45 Target 165, 167 Stop Loss 156
- Sell JPAssoc: CMP 213.55 Target 205, 201 Short Term Target 197 Stop Loss 223
- Sell JP Hydro: CMP 88.45 Target 85, 83 Stop Loss 92 ( We may see JP Hydro going below 80 level but buy it below 75 for next bull rally)
- Sell TV18 and Sun TV: We may see 5-8% drop in this stocks.
- Buy Biocon on every 5% drop in price for long run. Don’t only do day trading but parallelly you should try to build long run portfolio using you day/short trade profits.
- Accumulate on deeps NMDC, SAIL for Post Budget Rally
- Past Trading Calls View Here
Mid-Session Updates
- Sensex trading below 15000 level. Be cautious and start buying good budget related stocks only.
- Buy JP Hydro for intraday target 93
- Buy IDFC around 138-140
- RIL will have a loss of 150/- per share due to HC decision. So we may see 200 point loss in trading. But on that level for next run.
- Nifty slipped below 4520 we may see heavy profit booking in next session as well.
- Buy RNRL 107-108 Target 113
- Buy Reliance industries 2150-2159
- Buy Texmacho at 105 for target 112 (BSTS)
- Buy Welspun Guj – 210-212
- Buy GNFC – Target 105
- I am expecting Nifty to close above 4510-4520 level
- Sensex 400 point down and nifty below 4475 level
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9 Comments on “Today Trading Tips, Stock Market News Updates – June 15”
dear Sir.. wht ur View on JSW Steel..it is in over bought territory..
and SBI …weakness continues..
You shud accumulate JSW steel on every 5% deeps. We can expected some good news for Steel sector especially for JSW steel.
What is your view on RNRL? Looking at todays performance should I sell RNRL purchased at 93.00 or hold further for a short run?
Hold RNRL for another 3-5% run in this flow. But its truely a traders choice stock so if you cant hold it then book profit. Anytime we may see selling pressure in this stock. But in short run (atleast for 2 days, we maysee rally)
sir, i am having idbi @ 108, sesa goa @ 208 and nagarjuna fert @44.50 can i hold them for a week time
Dear Sir, I been a keen follower of your advices for maybe a month now. What is ur view on the following stocks a) Voltamp transformer b) Titagrah wagons c) asian electronics in the short run ?
Sorry for asian electronics as i dont track that stock closely.
About Voltamp Transformer: You should hold and have in your portfolio if you can wait for year or 1.5 years. as expected return in this is 50-55% in a year
Titagruh Wagons: Shud buy it and hold it till Rail budget and should make exit exactly on Budget or day after budget day as we can see some selling pressure in this stock. You should book your profit at that time. You should also consider Texmacho, Kalindee in same space for Rail Bduget and MIC ltd. also
In a short run, Market outlook is looking flat. But you are having IDBI and Sesagoa which are a good picks. But Nagarjuna Fert is not that good in that segment. But you can get 10% profit in nagarjuna in a short run. Sesa goa wont go that much up as you have bought on a rally
You must be happy with your IDBI. Am I Right Raju? Congrates Man