News Updates

• Today’s market calls Click Here
• The Sensex closed with a loss of 140 points and nifty closed at 3635 with loss of 45 points.
• Results Today: Bank of Maharashtra, Voltamps Transformers, Agro Tech Foods, JK Paper
• Blue Star Infotech went up 12% on 34% high net profit in forth quarter
• Suzlon Energy Promotors ( Tulsi Tanti Family ) offloaded 2% stake in turbine company at Rs. 82 / share to raise Rs. 230 crore. Stock was trading 5% down at 76.
• Lupin forth quarter net profit up by 63% which was expected to be 11%
• Federation of Indian Chambers of Commerce and Industry (Ficci) asks Finance Ministry to slash income tax rate to 25% above Rs. 10 lacs income to boost demand
• TCS has got a five-year outsourcing contract from Volkswagen UK. TCS will help consolidate and standardise the IT platform across all brands like Skoda, Audi etc…
• Oil and Natural Gas Corporation (ONGC) will invest Rs 9,000 crore in next 3-4 years to enhance output of phase II of its Mumbai High field
• The European Commission imposed a record 1.06 billion euros ($1.45 billion) fine on chipmaker Intel Corp on Wednesday and ordered it Intel to halt illegal rebates and other practices to squeeze out rival AMD – ET
• SBI cuts deposit rates by 50 basis points
• Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum may suffer over Rs 15,000 crore revenue loss on fuel sales in 2010 fiscal
• Total domestic passengers carried by domestic air carriers in April was 33.15 lakh, compared with 31.60 lakh a month ago – BS
• LIC hikes stake in Union Bank of India (UBI) to 9 % as it has bought shares of Rs 142 crores.

Today’s Trading Calls

• As per my prediction, Markets were opened in RED and then went in deep losses of 250 points. But FIIs saw buying interest at low levels and then marketwent positive 70 points. But EU markets opened flat and that helped market to end 150 point in loss.
• Nifty was trading with selling pressure but it was going below 3610 which gave proof thta 3610 will the heavy support for market to sustain 3750 level in coming days. But as we have seen that FIIs and DIIs are still having buying interst in Indian Market whereas all world markets are trading with heavy losses in last 3 to 4 sessions. It’s giving support to my opinion that Major market investors are aware of Election Results which are going to be storng and stable government and that’s why they are buying at this lower (What they are believing) levels.
• If election results will be in favour of market then we will see 15000 level in coming 2 months only but if its unstable or third front or mixed power then 9000 could be achived in a month.
• EU and US markets were trading with losses today as well so we may see heavy sell of in market initially then it may recover at some extent.
• Large caps are the major loser today and we have see heavy buying in Small and Mid cap shares though market sentiments where RED. So today we will see heavy sell off in Mid caps and Small Caps.
• Nifty Levels: Present-3635 Support-3610, 3595, 3550 Resistance-3650, 3685, 3754
• Don’t hold anything above 3754 level before election results
  
• Buy Lupin: Target 800, 820 Stop Loss 765
• Buy MTNL: Short Target 85, 91 Stop Loss 72 (Not For Intraday)
• Sell Ashok Leyland: Short Term Target  20, 19.5 Stop Loss 23 (Not For Intraday)
• Buy Tata Elxsi: Target 129, 130 Stop Loss 122
• Buy Hinduja Global Solutions: Target 175, 178 Stop Loss 168
• Sell Suzlon Energy: Target 74, 72 Stop Loss 78
• Sell DLF: Target 228, 226 Stop Loss 228
• Buy Rajesh Exports: Target 30, 30.7 Short Target 33 Stop Loss 27
• Buy  Voltamp Transformers: Target 500, 505 Stop Loss 475
• Buy ABG Shipyard: Target 150, 159 Short Term 165, 168 Stop Loss 140
• Buy Agro Tech Food: Target 112 Short Term 115 Stop Loss 107
• Sell Unitech: Target 47, 45 Stop Loss 51.4
• Sell RS Software: Target 17.5, 17 Stop Loss 18.8
• Past Trading Calls View Here

Mid-Session Updates

• Sell Reliance Capital: Target 530, short target 495
• Buy Electrosteel: Short Term Target 25
• Buy MTNL
• Buy Unitech: Target 51, 54 Stop Loss 45
• Market should end above 3550 even 3640 level could be the closing level.
• Market is erasing its Losses and now its 130 points down.
• Buy ABG Shipyard with stop loss 148