News Updates

• Today’s market calls Click Here
• The Sensex closed with a loss of 147 points and nifty closed at 3593 with loss of 41 points.
• Results Today: Ashok Leyland, Chambal Fertiliserz, Bharat Bijlee, ICRA, Everest Kanto, Titagruh Wagons, Hitachi Home, Torent Pharma, Blue Star, Zauri Industries, Oracle Finance Services
• British Telecom Group is planning to cut another 15,000 jobs worldwide after making loss of 977 million pounds
• SEBI to look into companies who announced to buy back but later cancelled which includes Polaris and Gitanjali Gems – CB Bhave, Chairman SEBI
• Ashok Leyland Q4 net profit seen down 83% at Rs 31.3 cr – Moneycontrol.com
• Mayawati government in Uttar Pradesh withdraws National Security Act (NSA) against BJP leader Varun Gandhi
• India along with Thailand and Vietnam could be more impacted by the global slowdown in terms of credit rating compared to other Asian nations – Standard & Poor’s analyst Kim Eng Tan, BS
• Inflation slips to 0.48% despite higher food prices – BS

Today’s Trading Calls

• As per my prediction, Markets were opened in RED and then went in deep losses of 300 points.
• Today also market will open with minor negative zone but then we wil be trading in flat till EU markets opens with Positive flow. In the end, We may see some heavy selling pressure and market could go in deep negative and could touch 3400 level.
• Nifty Levels: Current 3593, Support 3580, 3550, 3495, 3447 Resistance: 3610, 3650, 3700
• Buy MTNL: Target 79 Stop Loss 74 (Intraday)
• Buy Aban Offshore: Target 520 Stop Loss 499
• Buy Oracle Finance: Target 972, 990, 1020 Stop Loss 940
• Buy Fortis: Target 76 Stop Loss 73
• Buy TISCO: Target 273, 278 Stop Loss 258
• Sell Ashok Leyland: Target 20 Stop Loss 22
• Sell Kotak Mahindra: Target 485, 480, 476 Stop Loss 504
• Buy DLF: Target 261 Stop Loss 243
• Buy Titagruh Wagons: Target 257, 261 Stop Loss 243 (You can Hold for 275 target)
• Buy Chambal Fert: Target 49, 50.5, 51 Stop Loss 45
• Buy & Hold: Torrent Power: Target 121, 126 Stop Loss 96
• Sell Sobha Developers: Target 106, Stop Loss 115
• Past Trading Calls View Here

Mid-Session Updates

• Market is trading with huge positive gap.
• Don’t enter into fresh long positions. If you do that then you will remind my sentance on monday when you will see 300 point RED gap.
• ABG Shipyard: Call give on 14 May for target 165. Its 162 Book Partial Profit
• 12:30 PM: SENSEX 231 points up, Nifty 3653. Above strong resistance 3650.
  
• Above 3680 it may touch 3700 today. But Exit all on that point.
• 12:45 PM: You can starting shorting share especially index stocks like RIL, SBI, HDFC and GMDC, IDFC after 1:30 PM
• Exit Punj Llyod,  LIC Housing, Pantaloons, ONGC, IDFC, GMDC Soon