Sri Lanka won by 100 runs
Man of the match: A Mendis
Man of the series: A Mendis
Nifty watch:-
July 07th 2008
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
3844.85 |
3930.40 |
3981.95 |
4067.45 |
4119.00 |
MARKET is very much in range 3824 and 4119 . any break out will establish the trend. Trend decider is again 3977. resistance levels are 4085 – 4198 and 4316. Support is again 3814 ( peak of 2006). Break will would bring nifty to support levels of 3740 and 3568. lower levels will prove to be an opportunity to invest in value stocks for long term. What other options are, BANKS are offering 10% : inflation is 11.63% : tax is 35%. Are we gaining or losing, if parking money at BANKS . OH! Man , there is peace at least. Rethink. ….. there are many more products . just start hunting …….Kotak Mahindra Bank has launched Ace Deposit. If one invest in the monthly interest term deposit, the interest from the deposit is invested systematically in an equity mutual fund. Capital is at least SAFE. Or value stocks at lower levels for long term( FIND STOCKS THOSE AT LEAST CAN BEAT INFLATION). Its risk reward ratio only that works. Finance Minister said “for every entrepreneur willing to take a risk, there should be a banker on the other side of the table willing to take risk , i.e, in lending credit. 2nd is the appetite of every individual and his/er temperament.
American markets will open today after long weekend. More global clues will start flowing.
STOCK WATCH:- PIVOT ARE THE TREND DECIDER for the day
i-flex :-
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
1360.60 |
1436.15 |
1480.60 |
1556.15 |
1600.60 |
We still maintain buy with s.l of 1360/- . recommended at 1383 on july 3rd.
Colgate :- in spite of that NOKIA replace COLGATE as no.1 brand , colgate hold 50% market share of oral care industry. They have spent a lot on brand building. In result dominates the industry as a leader under stiff competition.
|
Intraday support & resistance:
| S 2 | S 1 | Pivot | R 1 | R 2 |
| 352.35 | 359.70 | 367.35 | 374.70 | 382.35 |
New buying signal emerged @ 365/- with s.l of 342/- with target of rs. 387/- & 401/-
Intra day strategy : buy at decline with s.l of 350/- target 374/- and 382/-.
Pfc :- National Thermal Power Corporation Ltd (NTPC) has announced that the Company has signed a loan Agreement of Rs 10000 crores with Power Finance Corporation … Power Finance Corporation (PFC) has indicated that the traction in business growth would continue following the strong loan sanction book. However, MTM provision on foreign current loans worth $181 million would have marginal impact on full year profitability going forward.
|
Intra day support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
91.80 |
99.00 |
105.25 |
112.45 |
118.70 |
New buying triggered @ 103/- with s.l of 85/- with target of rs.116/- and 131/-
Intra day strategy :- buy at decline with s.l of rs.90/- with target of 112/- and 118.
Bhel :-
Intraday support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
1351.80 |
1426.00 |
1470.45 |
1544.65 |
1589.10 |
Trading strategy: buy on intra day declines target of rs.1544 and 1589.
Strtech. :- Sterlite Technologies bags contract worth Rs.107 crore from BSNL one can invest for long term. Q4 net profit was at rs.34 crores verses rs.19 crores. Dr. anand agarwal, dir. & ceo, said ebitda margins should improve to 14% in current year. The business is on up way to expanding fibre cable capacity to 12 million kms
intra day support & resistance:-
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
170.50 |
181.85 |
188.45 |
199.75 |
206.35 |
Trend decider : 188.45.
Crompton g :=- reported a 21% growth in sales and 44% growth in NET profit on a consolidated basis for year 2007-8
Intra day support & resistance:
|
S 2 |
S 1 |
Pivot |
R 1 |
R 2 |
|
210.15 |
225.25 |
235.10 |
250.20 |
260.00 |
Buy at decline for target of rs.250/- and rs.260/-
Derivative strategy: -
Risky proposition: build short straddle :-
Sell call and put of strike rate of 4000 of NIFTY
MAX. PROFIT : premium earned : app. Rs. 350/-
Loss : unlimited .
Logic : its on observation that market will remain range bound
From 3800 to 4200..
Same straddle can be build in RELIANCE IND. ALSO.
DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.
