News Updates

• Today’s market calls Click Here
• Deutsche Securities Mauritius has increased stake in Eicher Motors to 5.17% on 27 April 2009
• Infrastructure company Jaiprakash Associates Ltd (JP Assoc) reported huge 83% jump in net profit for the fourth quarter ended March 2009. Jaypee Group to invest Rs 10,000 cr in Financial Year 2009-10
• Indian Bank fourth quarter net profit up 63% and declares 50% dividend
• Bank of Baroda reported 172% rise in net profit at Rs 752.69 crore for the fourth quarter ended March 2009
• Exide Industries has reported a modest 9% rise in net profit at Rs 68.20 crore for the
  fourth quarter to March 31, 2009
• On 27 April, Foreign institutional investors (FIIs) were net buyers of Rs 257.38 crore and Domestic institutional investors (DIIs) were net buyers of Rs 68.06 crore

Today’s Trading Calls

• We have seen heavy selling pressure in especially in large caps.  After heavy volatility in market, finally SENSEX closed with 42 point positive whereas NIFTY was at 3470 10 points in RED.
• Expiry date is coming on wedesnay and tomorrow is the last day to exit from Bank Nifty and Bank Stocks. Especially ICICI Bank,  Kotak Bank. We may see heavy sell of in  2 days or in may first 2 weeks. Bank Nifty may come down by 900 to 1100 point if it will not manage to close above 5494 level.
• Nifty: Resistance Levels – 3498, 3500, 3550 SupportLevels – 3462, 3447, 3407
  
• Alert: If nifty closes below 5494 level then don’t enter into BANK Nifty and Bank Stocks. Heavy selling pressure on chart.
• Buy JP Assoc: Target 135, 139, 144 Short Target 149 Stop Loss 125
• Sell Axis Bank: Target 537, 525, 513 Short Term 500 Stop Loss 567
• Sell Kingfisher: Target – 38, 36.5 Stop Loss – 40.3
• Sell Bajaj Hindustan: Target 72, 70 Short Target – 65, Stop Loss – 77
• Sell Spice Jet: Target 15, 14.7 Stop Loss 16
• Sell LIC Housing: Target 335, 331, 325 Stop Loss 349
• Past Trading Calls View Here

Mid-Session Updates

• Sell ICICI Bank, PNB and Kotak Bank and Axis Bank, Bharat Bijlee, Indian Bank
• Exit Power Grid
• Bank Of Baroda trading in Green but book your profit today or tomorrow. First 2 weeks in may will be the Bears Week.
• Hold LIC Housing
• As Expected market is 250 point down… Still you have chance to book profit
• Exit Aban Offshore Target 385 tomorrow
• Exit Sesa Goa: Target 7% down in 2 day
• Market trading in deep RED to 400 point down. See what operators are doing. MArket took 3 to 4 days to reach 400 point up and then they will bring it down in one day. So dont be trapped and exit all long in Bank, Tata and ADAG group stocks. We may see good low levels in coming day.
• Buy 3I Infotech for target 53 with 40 as a SL