News Updates

• Today’s market calls Click Here
• Yesterday SENSEX opened with 71 point positive point then achieved 108 point high. But then moved in RED and recorded low of 321 point. But Due to DII buying, SENSEX finally ended 81 point negatively.
• Indian telecom industry added 19 million subscribers in a march 2009 which is highest number of addition in a month – Telecom Regulatory Authority of India, (Trai)
• GAIL India plans to invest Rs 8,000 crore in pipelining from Andhra Pradesh to Central India for natural ga transportation from Bay of Bengal
• Shree Cement booked 1000 Tata Nano cars – BS
• India’s Growth rate will not go below 6% – RBI Governer
• Central Bank reduced Deposit rate by 0.25 to 1% – CNBC
• Satyam open offer is at Rs. 58/Share from 12 June to 1 July – Tech Mahindra
• JSW Steel plans to invest Rs. 3,000 crore in its Vijaynagar, Jharkhand and West Bengal Projects in 2009-10 – Sajjan Jindal
• Private sector lender Yes Bank reported net profit growth of 24% in the fourth quarter ended March 31 2009 – BSE, NSE
• Dr Reddy’s Laboratories today launched Redispar drugs used in the treatment of chronic kidney diseases in the country – BS
• In phase one, Railway Ministry plans to launch the taxi service in Delhi, Kolkata, Chennai, Mumbai, Bangalore, Hyderabad and 20 other important cities
• National Stock Exchange on Tuesday announced the exclusion of 50 stocks from the Futures & Options segment  which includes 3i Infotech, Alok Industries, Amtek Auto, Aptech, Arvind, Balaji Telefilms, Ballarpur industries, Bata India, Birla Corporation, Central Bank of India, Edelweiss Capital, Gateway Distriparks, Gitanjali Gems, Hindustan Oil Exploration, HCL Infosystems, IRB Infrastructure, Jet Airways, MindTree, MRF, NIIT,  TVS Motor, UTV Software and Wockhardt. – ET

Today’s Trading Calls

• After heavy volatility in market yesterday market closed at 81 point negative. US market opened with minor positive gap but asian market were trading choppy.
• Surprise: Operators are playing a intelligent game. They are not allowing market to go below 3300. After heavy selling we are seeing huge buying again pulling market up. Nifty closed above 3300 but below 3345 is BAD. Today also markets will be choppy. Below 3300, 3270 Exit all long position. Hope market operators are smart enough to play
• Nifty: Support Levels – 3310, 3285, 3270 Resistance Levels – 3345, 3385, 3400
• Nifty Call: Sell below 3285 and Buy Above 3345
  
• Sell Purvankara Projects: Below 63,  Target – 61, 59 Short Target – 55, Stop Loss – 65.3
• Sell GMDC: Target – 52, 50.9 Stop Loss – 55
• Buy Marico: Target – 68.5, 69.8, Stop Loss – 65
• Buy Punj Llyod: Above 108.85 Target 113, 116 Short Target – 122, Stop Loss – 108
• Buy Pantaloons: Target – 189.5, 192, 196 Stop Loss – 181
• Buy ITC: Target-194, 196  Stop Loss-186.9
• Sell RIL: Target: 1665 Short Term: 1600 Stop Loss-1755
• Sell Century Tex: Target-197, 195 Stop Loss-211
• Sell HCC: Target – 55, 53 Short Term-48 Stop Loss-59
• Sell Hindustan Copper: Short Term – 158  Stop Loss – 190
• Buy Bharat Forge: Target-127, 128.5  Stop Loss – 121
• Past Trading Calls View Here

Mid-Session Updates

• Sell IOC: We may see heavy losses in this Q4
• Sell Aban Offshore, Shivvani
• Market is about to cross 3400 mark and then we may see rally upto 3447 level.
• Market crossed 3400 with heavy buying and is closed near to next strong resistance 3447 level. tomorrow market may open with huge positive gap.