nifty watch

July 15^th 2008

Intra day support & resistance:

S 2	S 1	Pivot	R 1	R 2
3940.15	3989.90	4054.00	4103.75	4167.85

 

Trend decider :3988  resistance : 4077 -4182

Support : 3940 & 3848.

That’s GOD grace only when we recommended tcs to sell, yesterday whole software sector was worst performing

A crucial meeting of the board of governors of the International Atomic Energy Agency to build a consensus on India-specific safeguards accord essential to help implement Indo-US nuclear deal has been postponed from July 28 and is likely to be held on August 1, IAEA sources said.where as event of the day was fall in shares of Ranbaxy.Ranbaxy Laboratories Ltd., India’s largest drug maker, had its biggest fall in seven years in Mumbai trading after a U.S. legal probe sparked concern Daiichi Sankyo Co. may scrap its planned $4.6 billion takeover. Market closed in red .main contributors were Ranbaxy and IT stocks, led by Infosys. Although , market leader Reliance closed in blue. Chairman and Managing Director of Reliance Industries Limited Mukesh Ambani met Prime Minister Manmohan Singh and Congress President Sonia Gandhi on Monday.The meetings assume significance as they come soon after Samajwadi Party General Secretary Amar singh called for Prime Minister’s intervention in the corporate battle between the Ambani brothers.Amar Singh is considered close to Mukesh’s younger brother Anil and has reportedly asked for a windfall profit tax (WPT) on exports of petroleum companies, which are bound to hurt the elder Ambani. Wpt was imposed in USA, once for some time and there was great opposition to it from many corners. I have doubts whether GOI will even think to impose this tax. None is stopping Mukesh to expand.  Reliance Industries Ltd., India’s biggest company, hired 17 banks to arrange a $1 billion loan to fund expansion, according to a sale document sent to investors.

Banking sector which seems to be under pressure. But results declared by AXIS has proved it wrong. Axis Bank Ltd., India’s fourth- biggest by market value, said first-quarter profit rose 89 percent as it earned more from increased lending to companies and advisory fees.

Market may move with in range today also, showing strength as well as weakness.

               

Intra day calls :-

Ambuja cement :-

 

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
76.30	79.10	81.30	84.10	86.30

 

Buy @ 81/- s.l 76.3 target 86/- 92/-.

 

SBI :-

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
1166.85	1212.35	1245.60	1291.10	1324.30

 

RANGE  :  1195  -  1395

Trading strategy :Buy at decline with s.l of  1194/- target 1308.

 

This may be the 1^st time in history a global recession has been

avoided because of emerging markets. The good side of the rise

in emerging markets is that the world economy is now much

less reliant on just one economy – US:- CHRISTIAN (HSBC)

 

 

 

 

 

 

 

 

 

Best & Worst Equity markets in the past six months

 

% of return for 6 months

 

Equity markets

Lebanon                                             39.7

Ghana                                             38.4

Oman                                              30.1

Qatar                                              24.1

Kuwait                                           23.4

Tunisia                                           21.0

India                                              -37.9

The Philippines                            -38.1

Turkey                                          -39.2

China                                             -40.3

Iceland                                           -45.0

Vietnam                                         -54.9

 

Many of African and Middle East countries are between best performing.

 

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. 

nifty watch

July 14^th 2008

 Intra day support NIFTYWATCH :

& resistance:

S 2	S 1	Pivot	R 1	R 2
3891.90	3970.40	4092.95	4171.45	4294.00

 

Trend decider :3977  resistance : 4077 & 4082 & 4209

Support : 3848 & 3708.

 

That’s GOD grace only when we recommended sterlite to buy and bhel to sell on Friday. Both stocks yield huge profits.

The DJIA moved sideways with a negative bias, declining below the 11000 mark briefly on Friday, which may take it to new low of 10720, although America is trying their level best to safe their economy as well stock markets. Crude is very much in range of $145 and $131,in spite of that every one suggesting it to touch $170 to $200(its quoting below $144). Crude oil fell for the first time in four days in New York as the dollar advanced because of plans by the U.S. Treasury to provide direct loans to the nation’s largest mortgage financiers. Back to India ,day of testing strength in parliament may be the trend decider, till that time market looks with in the range of 3814 – 4402.   Tata Consultancy Services Ltd., India’s biggest computer-services provider, will probably report first-quarter profit growth slowed as a global credit crunch and high energy prices drove overseas customers to delay orders, hence we will recommend it to sell at rallies. Watch nagarjuna fert. And silverline for buying and tata power to sell.

 

Intra day calls :-

 

Tcs :-

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
684.65	741.55	842.30	899.20	999.90

Sell @ 842/- s.l 857/- target 733.

 

 

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. 

nifty watch

July 14^th 2008

 Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
3891.90	3970.40	4092.95	4171.45	4294.00

 

Trend decider :3977  resistance : 4077 & 4082 & 4209

Support : 3848 & 3708.

 

That’s GOD grace only when we recommended sterlite to buy and bhel to sell on Friday. Both stocks yield huge profits.

The DJIA moved sideways with a negative bias, declining below the 11000 mark briefly on Friday, which may take it to new low of 10720, although America is trying their level best to safe their economy as well stock markets. Crude is very much in range of $145 and $131,in spite of that every one suggesting it to touch $170 to $200(its quoting below $144). Crude oil fell for the first time in four days in New York as the dollar advanced because of plans by the U.S. Treasury to provide direct loans to the nation’s largest mortgage financiers. Back to India ,day of testing strength in parliament may be the trend decider, till that time market looks with in the range of 3814 – 4402.   Tata Consultancy Services Ltd., India’s biggest computer-services provider, will probably report first-quarter profit growth slowed as a global credit crunch and high energy prices drove overseas customers to delay orders, hence we will recommend it to sell at rallies. Watch nagarjuna fert. And silverline for buying and tata power to sell.

 

Intra day calls :-

 

Tcs :-

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
684.65	741.55	842.30	899.20	999.90

Sell @ 842/- s.l 857/- target 733.

 

 

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. 

nifty watch

July 14^th 2008

 Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
3891.90	3970.40	4092.95	4171.45	4294.00

 

Trend decider :3977  resistance : 4077 & 4082 & 4209

Support : 3848 & 3708.

 

That’s GOD grace only when we recommended sterlite to buy and bhel to sell on Friday. Both stocks yield huge profits.

The DJIA moved sideways with a negative bias, declining below the 11000 mark briefly on Friday, which may take it to new low of 10720, although America is trying their level best to safe their economy as well stock markets. Crude is very much in range of $145 and $131,in spite of that every one suggesting it to touch $170 to $200(its quoting below $144). Crude oil fell for the first time in four days in New York as the dollar advanced because of plans by the U.S. Treasury to provide direct loans to the nation’s largest mortgage financiers. Back to India ,day of testing strength in parliament may be the trend decider, till that time market looks with in the range of 3814 – 4402.   Tata Consultancy Services Ltd., India’s biggest computer-services provider, will probably report first-quarter profit growth slowed as a global credit crunch and high energy prices drove overseas customers to delay orders, hence we will recommend it to sell at rallies. Watch nagarjuna fert. And silverline for buying and tata power to sell.

 

Intra day calls :-

 

Tcs :-

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
684.65	741.55	842.30	899.20	999.90

Sell @ 842/- s.l 857/- target 733.

 

 

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. 

nifty watch july 14th 2008

NIFTYWATCH :

July 14^th 2008

 Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
3891.90	3970.40	4092.95	4171.45	4294.00

 

Trend decider :3977  resistance : 4077 & 4082 & 4209

Support : 3848 & 3708.

 

That’s GOD grace only when we recommended sterlite to buy and bhel to sell on Friday. Both stocks yield huge profits.

The DJIA moved sideways with a negative bias, declining below the 11000 mark briefly on Friday, which may take it to new low of 10720, although America is trying their level best to safe their economy as well stock markets. Crude is very much in range of $145 and $131,in spite of that every one suggesting it to touch $170 to $200(its quoting below $144). Crude oil fell for the first time in four days in New York as the dollar advanced because of plans by the U.S. Treasury to provide direct loans to the nation’s largest mortgage financiers. Back to India ,day of testing strength in parliament may be the trend decider, till that time market looks with in the range of 3814 – 4402.   Tata Consultancy Services Ltd., India’s biggest computer-services provider, will probably report first-quarter profit growth slowed as a global credit crunch and high energy prices drove overseas customers to delay orders, hence we will recommend it to sell at rallies.

 

Intra day calls :-

 

Tcs :-

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
684.65	741.55	842.30	899.20	999.90

Sell @ 842/- s.l 857/- target 733.

 

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.