News Updates

• Bank and Oil Gas index dragged the Sensex 450 points down and then it has managed to recover and finally closed at 250 points down. Market breadth was positive which is giving clue that today market will crash more then yesterday.
• Results Today: Bajaj Holding, Bajaj Auto, IRB Infra, Varun Shipping, INOX, Transport corp., Grammon Infra.
• Tata motors raised Rs. 1250 crore by selling debentures to Life Insurance Corporation of India, stock was closed 19% up yesterday
• Norway-based Telenor completed the acquisition for a 49% stake in Unitech Wireless for Rs 1,130 crore for a further 15.5 per cent stake in the company. – BS
• Attitude of some Cong leaders ( Digvijay Singh and Rajeev Shukla ) leaves amar singh ‘heart-broken’ – BS
• China has lost its position as the world’s lowest-cost components manufacturer to India and Mexico – ET
• Petrol prices may be raised by about Rs 2 per litre and diesel rates cut by Rs 0.30 a litre if a proposal to free auto fuel prices from state control is approved by the incoming Cabinet – ET
• President Pratibha Patil invites Manmohan to be PM, UPA claims support of 322 MPs
• Bharti Wal-Mart’s first store to open next week – BS

Today’s Trading Calls

• Yesterday market was trading in lower part only. We have seen heavy profit booking in stocks which ran 15 to 20% on monday especially DLF, Rcomm, Reliance Capital. But Mid-Cap and Small-Cap index was trading very high at 5% and 8% respectively as they have missed rally on monday. It was only a catching up rally in mid and small caps.
• Nifty has started its journey towards 4100 level. Market analysts and FIIs are assuming that marekt to stay in 4000 to 4500 range but i am sure that in may end or june start we will going to touch 3800 level again as global cues are still bad.
• Sell Crompton Greaves: Target 245, 239, 234 Stop Loss 259
• Sell Suzlon: Target 89.5, 88 Stop Loss 94.5
• Buy Bharti Airtel: Short Target 910 Stop Loss 830
• Sell  Bharat Forge: Target 150, 145, 142 Stop Loss 165
• Sell Reliance Capital: Target 820, 790 Stop Loss 860
• Sell Aban Offshore: Target 860, 820 Stop Loss 920
• Buy INOX: Target 135 Stop Loss 121
• Buy IOCL : Target 473, 477 Stop Loss 457
• Buy IRB Infra: Target 135, 137 Stop Loss 129
• Buy HCC: Target 107, 109 Stop Loss 98 (Don’t forget to exit on time)
• Sell DLF: Target 345, 330 Stop Loss 361
• Buy CESC Ltd. : Target 372, 378 Stop Loss 355
• Buy GNFC: Short Term Target: 87, 89 Stop Loss 78
• Past Trading Calls View Here

Mid-Session Updates

• Market today will be trading in negative or flat zone till EU market will open. But they wont make much eefect on indian market. Next strong support is 4000 level for nifty. If market tomorrow wont break 4000 level then we will see good rally in market. But tomorrow also will be choppy as all big investors are covering their short positions and they are bringing down market to decrese their losses.
• Buy Harrison Malalayam: Above 81, Short Term Target 87, 91 Stop Loss 79
• Buy GNFC: Short Target 94, 96 Stop Loss 87
• Sell Mphasis: Short Target 280 Stop Loss 300
• Target Achieved in KS Oil