Daily Calls- 11th Aug 2009

9:42 AM 8/11 RESEARCH: MARKET OUTLOOK: As we mentioned in the weekly market outlook newsletter that, NIFTY tested the key support level of 4620 suggesting weakness may persist till 4420 levels. Yesterday, NIFTY tested the support level of 4420 and if NIFTY breaks 4380 levels on daily closing basis then short sellers would be capturing the market till 4205 levels and further suggesting that the intermediate trend would be changing from uptrend to downtrend. For the intraday trading sessions, NIFTY may open flat to positive and it can be expected to trade sideways. If Nifty trades convincingly below 4420 and 4380 levels, then it is likely to test 4342 and 4315 levels. However on the upside 4510 and 4530 levels may act as resistance levels for the day. On the sectoral front, SUGAR and TEA stocks may witne

Calls for the 7th August

9:44 AM 8/7 RESEARCH-Global Market (in %): DOW JONES (-0.27%), S&P 500 (-0.56%), NASDAQ (-1.00%), FTSE (+0.93%), DAX (+0.32%), NIKKEI(-1.28%), HANG SENG (-1.57%) & SGX NIFTY (-37 POINTS)

9:55 AM 8/7 RESEARCHOSITIONAL CALL ON NIFTY FUTURES(RECOM.ON 31st JULY):EXIT NIFTY FUTURES @ 4550

10:54 AM 8/7 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL TCS BELOW 513 TGT 485 SL 520

(8/7/2009 12:25:25 PM): RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL ADLABS FILM BELOW 336 TGT 323 SL 341

Today's call 4th aug 2009

Today's delivery picks:

Buy Nicholas@332

Buy ABB@724

Buy GAIL@329

Calls for the 3rd August

RESEARCH: MARKET OUTLOOK: With the help of Firm trend in global markets, short covering in F&O segment and better than expected quarterly earnings, NIFTY extended gains of 1.76 percent in the preceding week. Q1 earning announcement for most of the heavy weight index stocks are almost over. Technically, the short-term sentiment would remain bullish and if NIFTY sustains above 4693 levels we may see the rally upto 4910 levels. The intraday key support is likely to be seen at 4573 and 4513 levels.

11:26 AM 8/3 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL WIPRO BELOW 488 TGT 473 SL 495

(8/3/2009 12:41:47 PM): RESEARCH: EUROPEAN MARKET UPDATE : FTSE(-0.7%), DAX (-0.2%), CAC (-0.3%)

(8/3/2009 12:55:28 PM): RESEARCH - INTRADAY CALL ( CASH ) : BUY ZEEL ABOVE 190 TGT 197 SL 187

2:17 PM 8/3 RESEARCH : INTRADAY CALL (CASH) : BOOK PROFITS IN TATASTEEL

3:16 PM 8/3 RESEARCH:MONEY MORNING FUNDAMENTAL CALL:GITANJALI GEMS ACHIEVED TARGET

daily calls for 24th july

RESEARCH: MARKET OUTLOOK: The daily historical volatility numbers (HV) of NIFTY has declined by 0.81 percent. The Implied Volatility (IV) of INDEX both call and put options declined to 33.89% and 33.95% respectively. This indicates traders are becoming more bullish and expect option prices to fall, hence being a call buyer may be a better alternative than being a put seller. Technically NIFTY is in bullish trend and the rally may be expected to test to 4910 levels in short term. For the day, NIFTY may open with an upside gap and it can be expected to trade at higher levels. NIFTY has immediate resistance at 4557 and 4601. If NIFTY breaks 4600 levels,it may rally upto 4693 levels. On the downside, the support for NIFTY is seen at 4463 and 4405 levels. Profit booking at higher levels cannot
9:37 AM 7/24 RESEARCH-Global Market (in %): DOW JONES (+2.12%), S&P 500 (+2.33%), NASDAQ (+2.45%), FTSE (+1.47%), DAX (+2.45%), NIKKEI(+0.83%), HANG SENG (+0.35%) & SGX NIFTY (+25 POINTS)

10:58 AM 7/24 RESEARCH: INTRADAY CALL (CASH): BUY SUZLON ABOVE 100.50 TGT 106 SL 99

12:38 PM 7/24 RESEARCH: EUROPEAN MARKET UPDATE : FTSE(-0.03%), DAX (-0.04%), CAC (-0.06%)

1:03 PM 7/24 RESEARCH: INTRADAY CALL (CASH): BUY CAIRN ABOVE 246 TGT 257 SL 241

1:30 PM 7/24 RESEARCH: INTRADAY CALL (FUTURES): BUY NIFTY ABOVE 4550 TGT 4600 SL 4520

2:06 PM 7/24 RESEARCH: INTRADAY CALL (CASH): TATASTEEL TGT ACHIEVED.

(7/24/2009 3:25:22 PM): RESEARCH: INTRADAY CALL (FUTURES): BOOK PROFITS IN NIFTY FUTURES @ 4575

Calls for 23rd july

RESEARCH-Nifty(FUT) R-4520/4635/4815 S-4450/4335/4270 ;Sensex(CASH)
R-15215/15580/16165 S-14995/14625/14415 ;MARKET OUTLOOK:FLAT 8.59A

RESEARCH: MARKET OUTLOOK: Declined open interest with negative price strategy in NIFTY futures indicates that the market is strengthening on the positive side. Simultaneously, the open interest PUT-CALL ratio of NIFTY has been trading 1.44 or 1.46 over a couple of days – 1.50 would indicate that worst is over and could turn out to be a bullish accumulation pattern. Considering F&O market indicators, the overall market outlook is likely to be upbeat trend and NIFTY can be expected to test the key resistance level of 4693 in the coming days. For the day, market may open flat to positive note and fresh buying as well as short covering can be expected above 4480 levels. The support will be at 4377 and 4342. Below this level, NIFTY may be expected to come down to 4315 levels.
APOLLO SINDHOORI: RESEARCH-Global Market: DOW JONES (-0.39%), S&P 500 (-0.05%), NASDAQ (+0.53%), FTSE (+0.28%), DAX (+0.54%), NIKKEI(+1.15%), HANG SENG (+2.37%) & SGX NIFTY (+47 POINTS)

RESEARCH: INTRADAY CALL: NIFTY SL TRIGGERED

RESEARCH- INTRADAY CALL (CASH) : SHORT SELL IDFC BELOW 128 TGT 124 SL 130

RESEARCH: ITC Q1 PAT @ Rs 878.70 Cr Vs Rs 748.67 Cr (Y0Y)

RESEARCH: INTRADAY CALL: BUY SESAGOA ABOVE 235 TGT 244 SL 232

Calls for 21st july

RESEARCH-Nifty(FUT)R-4550/4590/4700
S-4475/4435/4365;Sensex(CASH)R-15315/15440/15795
S-15080/14960/14725;MARKET OUTLOOK:VOLATILE WITH +VE BIAS 8.53A

9:33 AM 7/20 RESEARCH: MARKET OUTLOOK: Inverse head and shoulder pattern in the daily chart indicates that the NIFTY is heading upward toward the resistance (4480) found near the top of the previous trough. If NIFTY breaks above 4480 levels on daily closing basis, then it could run up to 4690 levels in short term. For the day, NIFTY may open flat to positive and it can be expected to test the short-term key resistance level of 4480. The NIFTY has resistance at 4420 and 4440 levels. Above this level, it could test 4480 levels. Trade cautiously as profit booking can be expected between 4450 – 4500 levels. On the downside, NIFTY is having support at 4315 and 4270. If it moves below this level, it may drag to 4230 levels.

9:35 AM 7/20 RESEARCH-Global Market (in %): DOW JONES (+0.37%), S&P 500 (-+0.04%), NASDAQ (+0.08%), FTSE (+0.62%), DAX (+0.43%), NIKKEI(+0.55%), HANG SENG (+2.54%) & SGX NIFTY (+47 POINTS)

11:42 AM 7/20 RESEARCH: FLASH NEWS: JSW Steel standalone Q1 PAT up by 55% to Rs 340.02 Cr Vs Rs 219.35 Cr (YoY)

1:11 PM 7/20 RESEARCH: SHORT-TERM FUNDAMENTAL CALL : BUY INDIA CEM CMP 151.75 TGT 160 SL 148

2:08 PM 7/20 RESEARCH:INTRADAY CALL (CASH) : SHORT SELL JSWSTEEL BELOW 595 TGT 576 SL 605

Call for 17th july

RESEARCH-Nifty(FUT) R-4280/4335/4430 S-4235/4180/4135;Sensex(CASH)
R-14435/14625/14950 S-14305/14115/13980;MARKET OUTLOOK:VOLATILE

9:46 AM 7/17 RESEARCH: MARKET OUTLOOKn the F&O front, The NIFTY futures trading at a discount of 6.55 points against spot market suggesting weak sign. The NIFTY July futures open interest has declined by 1.83 percent with negative cost of carry. This indicates squaring-off of old positions and lack of any new positions might result in a sideways or weak trend in the market. The NIFTY Put Call Ratio is suggesting range bound market. Considering above said factors, NIFTY seems to have limited upside from current levels. If NIFTY breaks above 4305 on daily closing basis, investors are advisedto go long on NIFTY as fresh long positions can be expected to build up in the July futures contract; until then trade cautiously as NIFTY would remain volatile. Above 4305 levels, it can move towards 4362 and 4382

9:48 AM 7/17 RESEARCH-Global Market (in %): DOW JONES (+1.11%), S&P 500 (+0.86%), NASDAQ (+1.19%), FTSE (+0.35%), DAX (+0.58%), NIKKEI (+0.53%), HANG SENG (+1.34%) & SGX NIFTY (+28 POINTS)

11:23 AM 7/17 RESEARCH: INTRADAY CALL (FUTURES): NIFTY BROKEN OUR FIRST TGT 4330

RESEARCH: OPTIONS STRATEGY: LONG STRANGLE ON ITC: BUY 230 CALL @ 3.75 BUY 210 PUT @ 1.95. UPPER BEP = 235.70, LOWER BEP = 204.30. MAXIMUM PROFIT = UNLIMITED, MAXIMUM LOSS = RS. 6412.50. HOLD IT FOR ONE WEEK.

(7/17/2009 12:40:37 PM): RESEARCH: EUROPEAN MARKET UPDATE : FTSE(+0.6%), DAX (+0.9%), CAC (+0.7%)

Calls for 16th july

RESEARCH-Nifty(FUT) R-4285/4335/4475 S-4200/4150/4065;Sensex(CASH)
R-14400/14555/14965 S-14145/13995/13735;MARKET OUTLOOK:VOLATILE WITH
+VE BIAS

RESEARCH: MARKET OUTLOOK: The market sentiments somewhat twisted positive on the back of finance minister’s comments on divestment policy and firm global markets. At the same time, technically, NIFTY ended above 20 days DMA (4230) suggesting positive sign, hence NIFTY can move towards 4360 and 4440 levels. Market may open with an upside gap backed by firm global markets and it can be expected to trade sideways thereafter. The NIFTY has immediate resistance at 4250 and 4292. If it breaks 4326 levels, it could test 4360 levels. On the down side, the support comes in at the 4155 and 4126 levels. Trade cautiously as profit booking can be expected at any time.

9:40 AM 7/16 RESEARCH-Global Market (in %): DOW JONES (+3.07%), S&P 500 (+2.96%), NASDAQ (+3.51%), FTSE (+2.57%), DAX (+3.07%), NIKKEI (+1.43%), HANG SENG (+1.89%) & SGX NIFTY (+56 POINTS)

11:13 AM 7/16 RESEARCH: LT Q1'10 PAT (INCREASED BY 165.45%) AT 1598 CR VS 602 CR(YOY)

12:41 PM 7/16 RESEARCH: EUROPEAN MARKET UPDATE : FTSE(-0.3%), DAX (-0.4%), CAC (-0.3%)

2:12 PM 7/16 RESEARCH - INTRADAY CALL ( CASH ) : ZEEL TGT ACHIEVED. GIVEN A INTRADAY RETURN OF 7.1%

Calls for 15th july

RESEARCH-Nifty(FUT) R-4155/4205/4320 S-4085/4040/3970;Sensex(CASH)
R-13985/14120/14475 S-13765/13630/13415;MARKET OUTLOOK:VOLATILE
WITH+VE BIAS

(7/15/2009 10:39:11 AM): RESEARCH: BTST CALL (CASH): BOOK PROFITS IN RENUKA

(7/15/2009 11:32:25 AM): RESEARCH- INTRADAY CALL (CASH) : BUY ONGC ABOVE 1024 TGT 1044 SL 1010

(7/15/2009 12:19:21 PM): RESEARCH: INTRADAY CALL (FUTURES): NIFTY SL TRIGGERED

Calls for 14th july

RESEARCH -Nifty (FUT) R-4000/4035/4120 S-3950/3915/3865; Sensex (CASH)
R-13500/13600/13840 S-13360/13255/13115; MARKET OUTLOOK:
VOLATILE 8.57A

RESEARCH: MARKET OUTLOOK: NIFTY has disappointed after the budget and poor monsoon. Technically NIFTY is trading below the psychological support level of 4092 suggesting weak outlook. Break above 4092 on daily closing basis, NIFTY can move towards 4130 & 4202 levels or even 4232 in short term. Strong recovery can be expected only above 4232 levels.As for intraday’s trade, NIFTY may open with an upside gap and it can be expected to trade sideways. If NIFTY sustains above 4020 levels, then upside target can be placed at 4092 or even 4130 levels. While on the downside, Nifty is likely to take support at 3934 and 3918 levels.

9:46 AM 7/14 RESEARCH-Global Market (in %): DOW JONES (+2.27%), S&P 500 (+2.49%), NASDAQ (+2.12%), FTSE (+1.82%), DAX (+3.19%), NIKKEI (+2.37%), HANG SENG (+2.31%) & SGX NIFTY (+57 POINTS)

11:35 AM 7/14 RESEARCH: SHORT-TERM FUNDAMENTAL CALL : BUY BANK OF RAJ CMP 47 TGT 50.5 SL 45.3

12:22 PM 7/14 RESEARCH : HDFC Bank Q1 PAT down by 4% to Rs 606.11 cr Vs 630.88(QoQ)

1:23 PM 7/14 RESEARCH:INTRADAY CALL (CASH) : BUY INDIA CEM ABOVE 135 TGT 140 SL 132.50

3:00 PM 7/14 RESEARCH : BTST CALL ( CASH ): BUY RENUKA ABOVE 130 TGT 136.50 SL 126.75

Calls for the day 13th july

RESEARCH-Nifty(FUT)R-4095/4195/4360
S-3930/3860/3695;Sensex(CASH)R-13795/14085/14565 S-13315/13130/12650;
MARKET OUTLOOK:NEGATIVE BIAS (09.22A)

9:42 AM 7/13 RESEARCH -Nifty (FUT) R-4095/4195/4360 S-3930/3860/3695; Sensex (CASH) R-13795/14085/14565 S-13315/13130/12650; MARKET OUTLOOK: NEGATIVE BIAS (

11:21 AM 7/13 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL TATA MOTORS BELOW 261 TGT 251 SL 264

12:18 PM 7/13 RESEARCH : INTRADAY CALL ( CASH ): BUY AMBUJA CEM ABOVE 93 TGT 96 SL 91.50

1:15 PM 7/13 RESEARCH : INTRADAY CALL ( CASH ): BUY GESHIP ABOVE 215.50 TGT 221.50 SL 212

2:24 PM 7/13 RESEARCH : INTRADAY CALL ( CASH ): JSW STEEL TGT ACHIEVED

Calls for the day 10th july

RESEARCH -Nifty (FUT) R-4110/4145/4225 S-4070/4035/3995; Sensex (CASH)
R-13875/13995/14230 S-13760/13640/13520; MARKET OUTLOOK: VOLATILE
9.15

9:46 AM 7/10 RESEARCH -Nifty (FUT) R-4110/4145/4225 S-4070/4035/3995; Sensex (CASH) R-13875/13995/14230 S-13760/13640/13520; MARKET OUTLOOK: VOLATILE

11:32 AM 7/10 RESEARCH : INTRADAY CALL ( CASH ) : BUY GESHIP ABOVE 225 TGT 232 SL 222

12:27 PM 7/10 RESEARCH : INTRADAY CALL (CASH) : BUY SHIPPING CORP ABOVE 121 TGT 126 SL 118.50

1:17 PM 7/10 RESEARCH- INTRADAY CALL (CASH) : BUY TATASTEEL ABOVE 374 TGT 385 SL 368

2:29 PM 7/10 RESEARCH:INTRADAY CALL ( CASH ) : SHORT SELL IVRCLINFRA BELOW 333 TGT 316 SL 338

Calls for the day 9th july

RESEARCH -Nifty (FUT) R-4125/4185/4275 S-4085/4030/3995 ;Sensex (CASH)
R-13970/14170/14510 S-13835/13630/13495 ;MARKET OUTLOOK:
VOLATILE)(09.03A)


12:11 PM 7/9 RESEARCH : INTRADAY CALL ( CASH ): BUY ABB ABOVE 715.50 TGT 735 SL 705


1:12 PM 7/9 RESEARCH : INTRADAY CALL ( CASH ): BOOK PROFITS TRIVENI

Call for the days 8th july 2009

RESEARCH -Nifty (FUT) R- 4230/4265/4340 S-4150/4110/4035; Sensex
(CASH) R- 14280/14390/14645 S- 14030/13890/13640; MARKET OUTLOOK:
VOLATILE WITH NEGATIVEBIAS


7/8 RESEARCH: MARKET OUTLOOK: -Nifty (FUT) R- 4230/4265/4340 S- 4150/4110/4035; Sensex (CASH) R- 14280/14390/14645 S- 14030/13890/13640; MARKET OUTLOOK: VOLATILE WITH NEGATIVE BIAS

11:01 AM 7/8 RESEARCH: INTRADAY CALL (CASH) : BUY MADRAS CEMENTS ABOVE 107 TGT 111 SL 105

1:31 PM 7/8 RESEARCH : INTRADAY CALL (CASH) : BUY SUBROS ABOVE 25.75 TGT 27 SL 25.

1:32 PM 7/8 RESEARCH : INTRADAY CALL (CASH) : SUBROS TGT ACHIEVED

Calls of the day 7th july 2009

RESEARCH -Nifty (FUT) R-4385/4615/4975 S-4250/4020/3890; Sensex (CASH)
R-14775/15500/16640 S-14365/13635/13225; MARKET OUTLOOK: VOLATILE
A8.55A

--

RESEARCH: MARKET OUTLOOK: The market is expected to open on a flat note today. The index is expected to find support close to 4092 levels. NIFTY may take resistance at 4292 and 4312 levels. An upside bounce back can be expected between 4090 – 4130 levels on the back of expectations on short covering. Those who are holding for short or medium term bet are advised to average at lower levels.


9:45 AM 7/7 RESEARCH-Global Market (in %): DOW JONES (+0.53%), S&P 500 (+0.26%), NASDAQ (-0.51%), FTSE (-0.98%), DAX (-1.20%), NIKKEI (+0.02%), HANG SENG (+0.45%) & SGX NIFTY (+13 POINTS)

10:45 AM 7/7 RESEARCH: INTRADAY CALL (CASH) : BUY HINDUNILEVER ABOVE 285.25 TGT 295 SL 280

12:18 PM 7/7 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL PUNJLLOYD BELOW 193 TGT 187 SL 196

1:23 PM 7/7 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL PNB BELOW 619 TGT 600 SL 628

(7/7/2009 2:24:36 PM): RESEARCH - INTRADAY CALL ( CASH ) : BUY MADRAS CEMENTS ABOVE 102.40 TGT 105 SL 101

Call of the day 1 july 2009

RESEARCH -Nifty (FUT) R-4395/4505/4685 S-4220/4150/3970 ; Sensex
(CASH) R-14795/15095/15581 S-14305/14120/13630 ; MARKET OUTLOOK:
RANGE BOUND 9.10(A)-------------------------------------------------

RESEARCH -Nifty (FUT) R-4395/4505/4685 S-4220/4150/3970 ; Sensex (CASH) R-14795/15095/15581 S-14305/14120/13630 ; MARKET OUTLOOK: RANGE BOUND (ASCIL)

9:40 AM 7/1 RESEARCH-Global Market (in %): DOW JONES (-0.97%), S&P 500 (-0.85%), NASDAQ (-0.49%), FTSE (-1.04%), DAX (-1.56%), NIKKEI (+0.83%), HANG SENG (-0.81%) & SGX NIFTY (+2.5 POINTS)

11:10 AM 7/1 RESEARCH- INTRADAY CALL (CASH) : SHORT SELL YESBANK BELOW 145 TGT 140 SL 147

1:36 PM 7/1 RESEARCH - INTRADAY CALL ( CASH ) : BUY BAJAJ HIND ABOVE 211 TGT 217 SL 207.50

2:11 PM 7/1 RESEARCH - INTRADAY CALL ( CASH ) : BUY DLF ABOVE 324 TGT 333 SL 319