Archive June 2009
30/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4291 amidst selling pressure in all quarters.
- 03.13 pm. A total sell out has brought Nifty down on the knees.
It has already touched a low of 4267 with no signs and time to recover.
The other view is its an opportunity in disguise for fresh investment.
- 02.40 pm. Nifty has touched a low of 4292 and Advance/Decline has touched 5/45 following immense selling pressure. This is also an opportunity for those who are yet to enter the market or for 'cherry picking'.
- 01.54 pm. Even if short covering takes place Nifty stands a chance to close around 4360.
- 01.05
pm. Nifty has made a low of 4322 and Advance/Decline has totally
reversed from the morning level to 10/40. The stocks helping the Nifty
are SUNPHARMA, TCS, HINDUNILVR, GRASIM & ONGC. The top stocks
pulling the Nifty down are SUZLON, UNITECH, TATAMOTORS, RANBAXY &
DLF.
- 11.24 am.
Nifty has touched a low 4356. The top gainers are SUNPHARMA, CAIRN,
TCS, PNB & TATASTEEL, while top losers are SUZLON, DLF, TATAMOTORS,
UNITECH & IDEA. Stocks are doing a see-saw, one day it goes up, the
next day it declines.
- 11.06 am. Nifty at 4374, could not sustain the gains and has lost strength, the Advance/Decline has stooped to 21/29.
- 10.10 am. Nifty has opened strong and touched 4426 with an Advance/Decline at 40/10. Nifty is trying to consolidate its gain.
- Global cues are positive.
- Crude has appreciated by 2.18% to $73.05, too much appreciation can cause inflationary economic conditions.
- INR vs USD no significant change.
- Nifty may become more volatile and choppy.
- Expected High/Low 4420,4460,4520/4320.
- Nifty may close with 30-50 points gain.
- Buy at declines but hold-on for profit booking.
29/Jun/09
During the Market:
- 03.35
pm. Nifty closed at 4390 registering an increase of 15 points. The top
gainers being STER, JINDALSTEL, AXISBANK, DLF & UNITECH, while the
major losers were TATAMOTORS, SUZLON, SUNPHARMA, TCS & IDEA.
- 03.15 pm. Profit taking has brought down the Nifty to 4387 and Advance/Decline to 31/19.
- 02.55 pm. Nifty is still operating in a tight range.
- 01.44 pm. Nifty is moving in a small range of 4320-4310 for more than an hour, breakout is expected soon.
- 12.57
pm. Nifty made a high of 4427 with Advance/Decline at 39/11. The top
gainers are JINDALSTEL, AXISBANK, DLF, ABB & STER, while the top
losers are TATAMOTORS, SUZLON, SUNPHARMA, INFOSYSTCH & TCS.
- 11.00 am. After the positive move on opening Nifty fell to 4350 and thereafter is undergoing a consolidation phase.
Pre Market Analysis 09.00 am.
- Global markets are trading mixed.
- Crude has appreciated by a dollar to $69.44/barrel.
- INR vs USD is nearly stable.
- Nifty may witness enhanced volatility, choppiness and resilience may continue. Nifty may close near high if it stays above 4390.
- Expected High/Low 4390,4490,4520/4360,4260.
- Buy on declines and withhold the profit booking.
26/Jun/09
During the Market:
- 03.35
pm. A slow and steady climb of Nifty aided with positive market breadth
touched a high of 4383 and finally closed at 4375. The Advance/Decline
also was very favorable at 45/5. The top gainers were ICICIBANK, STER,
JINDALSTEL, LT & AMBUJACEM, while SUNPHARMA, RANBAXY, TATASTEEL,
M&M and HEROHONDA were the top losers.
- 02.30 pm. Nifty is showing resilience and may meet next expected level of 4370.
- 12.01 pm. Nifty has made triple bottom and looks promising.
- 10.07
am. Nifty has opened with a positive note and touched a high of 4299
with Advance/Decline being very positive & promising at 45/5. The
lack of enthusiasm and non-availability of any cues for the Budget is
dampening the sentiment. The top gainers now are CAIRN, SAIl, STER, DLF
& WIPRO, while top losers are SUNPHARMA, CIPLA, RANBAXY, HDFC &
TATASTEEL.
- Global cues are mixed.
- National cues are non-existent. The wait for Budget has made markets very listless and directionless.
- INR is nearly stagnant vs USD.
- Crude oil has made a recovery to $70.59 / barrel.
- Nifty is expected to be range bound, choppy and with negative to flattish bias.
- Expected High/low 4290,4330,4370/4154,4069.
- Buy on declines below 4220.
- Small Investors are cautioned to invest only in 'A' Group of Nifty.
25/Jun/09
During the Market:
- 03.35 pm. Nifty closed weak at 4241 amidst high choppiness.
- 03.05 pm. With sudden bout of selling Nifty has touched 4221 and Advance/Decline has also dropped to 17/33.
- 02.56
pm. Nifty is exhibiting weakness and Advance/Decline is also negative
at 21/29, the market breadth has turned negative. The top gainers are
UNITECH, HDFC, TATACOMM, AXISBANK & GRASIM, while leading the
downside are TATAMOTORS, ONGC, M&M, MARUTI & BPCL.
- 02.15 pm. Nifty suddenly plunged to 4258, reversing the Advance/Decline to 19/31.
- 01.52 pm. It has been a listless session until now. The wait for Budget has been tiring.
- 12.28 pm. With Advance/Decline improving to 36/14 Nifty has recovered to 4310 level.
- 12.06
pm. Nifty is hovering around previous close not with enough strength.
Advance/Decline at 29/21. During the session it may likely become more
weak.
- 10.40 am.
Nifty on opening rose instantly to 4337, thereafter its trading in a
tight range around 4315. The Advance/Decline is positively inclined at
36/14. The top gainers are UNITECH, HCLTECH, SUZLON, STER &
HINDALCO, while top losers are ONGC, M&M, HINDUNILVR, NTPC &
TATASTEEL.
Pre Market Analysis 09.00 am.
- Global cues are turning to be positive.
- Crude oil has corrected to $68.46/barrel.
- INR strengthening marginally to Rs.48.53 vs USD.
- The lack of national cues will make Nifty to be guided by Asian & European indices.
- Expected High/Low 4377/4227.
- Being an expiry day of F&O today, choppiness is expected.
- Wait & watch situation.
24/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4292 with a gain of 45 points. The market breadth became positive in the afternoon session.
- 02.50 pm. The resilient Nifty has touched 4307 and is having Advance/Decline of 42/8 suggestive of further rise.
- 02.32
pm. Nifty has recouped to 4291 with Advance/Decline becoming strong at
40/10. The top gainers being SUZLON, IDEA, SUNPHARMA, TATAMOTORS &
TCS, while the top losers are NATIONALUM, JINDALSTEL, HDFC, STER &
ICICIBANK.
- 01.30 pm. Nifty at 4274 with Advance/Decline appreciating to a promising level.
- 11.30 am. Nifty after dipping to a low of 4219 has come up just to float above previous closing at 4248. It is expected that soon it will recoup to higher levels.
- 10.15
am. Nifty has opened positive and touched 4283 but could not sustain.
Its trading around 4263 with Advance/Decline at 36/14.
- Global cues are mixed.
- Crude oil is correcting.
- Rupee has depreciated to Rs.48.91 vs USD.
- Nifty may show some resilience being oversold but may lack strength.
- Expected High/Low 4260/4110.
- Buy at declines.
23/Jun/09
During the Market:
- 03.35 pm. Nifty closed almost flat at 4247 a gain of 11 points.
- 02.49
pm. Nifty has recovered and is trading in the positive territory at
4256 with Advance/Decline becoming 25/25, it may now settle for a
positive or flat close.
- 02.30
pm. Nifty at 4244 and Advance/Decline has come up to 23/27 with top
gainers being HCLTECH, TATAMOTORS, RELIANCE, GRASIM & SIEMENS while
the top losers are NATIONALUM, ICICIBANK, HDFCBANK, HINDALCO & STER.
- 01.20 pm. Nifty has come up above the previous close for the first time during the session but very timidly.
- 12.30
pm. Nifty thrice recovered to 4200+ levels but could not sustain and
dropped back to 4175 levels. It seems that the Nifty has now touched
the bottom and no more downside is possible as it is already in the
oversold zone. This presents a good opportunity to enter the markets.
- 10.05
Nifty opened kowtowing the weak global clues and touched a low of 4143
but soon recovered to 4170+ levels. The weakness in Nifty is very
dominant and probably will continue for the session.
- Global markets are correcting. This may have negative impact on Nifty although its oversold.
- Crude oil is also correcting.
- INR has appreciated further to Rs.48.39 vs USD.
- Nifty may also respond negatively or will at least have a flattish outlook.
- Expected High/Low 4260,4290/4154.
- Buy on declines.
22/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4235, touching a day's low of 4221.
- 03.02
pm. The banking sector has helped the Nifty to sustain some effect of
profit taking in PSUs and Power sector. The Nifty is trading weak at
4244 with Advance/Decline at 10/40.
- 02.10
pm. Nifty turned negative with Advance/Decline at 12/38. The top
gainers are dominated by banks- ICICIBANK, AXISBANK, PNB, ITC & LT,
while top losers are NATIONALUM, AMBUJACEM, HCLTECH, CIPLA &
M&M.
- 12.48
pm. Nifty at 4277 with Advance/Decline poised negatively at 17/33. If
support levels at 4260 is broken then next support is around 4220. Its
expected that Nifty may find support at 4260 level.
- 11.53
am. Advance/Decline at 32/18 and Nifty hovering around 4320. Not much
action is expected today, Nifty may end positive with again of 50-60
points.
- 10.50
am. Nifty trading at 4326 with Advance/Decline in comfort level of
34/16. The top gainers being ICICIBANK, RCOM, SUZLON, AXISBANK &
DLF, while top losers are ONGC, HDFCBANK, CAIRN, IDEA & RELIANCE.
- 10.29 am. Nifty opened positively and touched a high of 4352 but could not sustain the gains and slipped to 4323.
- World markets are marginally positive.
- Crude has slipped to $69.45.
- INR has appreciated to 48.13 vs USD.
- Nifty may show signs of recovery.
- Expected High/Low 4370/4260.
- Time to enter markets at levels around 4260.
19/Jun/09
During the Market:
- 03.35
pm. Nifty has closed at 4313 in a dramatic turn around after not only
losing the day's gains but even touching a low of 4206. The top gainers
were SUZLON, TATASTEEL, LT, UNITECH & RELINFRA, while the top
losers were NATIONALUM, NTPC, RPOWER, POWERGRID & TATAPOWER. As
expected, Nifty showed resilience today.
- 12.58
pm. Nifty is at 4564 near the day's low with Advance/Decline at 35/15.
The lusterless trading being witnessed as market is waiting for the
Budget to be presented on 6th. July,2009. The remaining days may also
be the same and can be utilized only to buy stocks at these levels,
selling is out of context.
- 11.29
am. Nifty opened with strength and touched a high of 4311, thereafter
it also made a low of 4251. At present it is trading around 4286 with
Advance/Decline at 36/14. The top gainers are SUZLON, TATASTEEL,
TATAMOTORS, LT & ABB, while the top losers are NTPC, TATAPOWER,
POWERGRID, ONGC & BHARTIARTL.
- The Global cues are turning around to positive.
- Crude oil has marginally improved to $71.
- INR has appreciated vs USD to Rs.48.06, much to the relief of IT sector and exports.
- Nifty is in oversold region but continued hammering by FIIs is the main culprit. Nifty can show resilience today, its overdue now, else the Nifty may test 4150 level .
- Expected High/Low 4365,4420/4220,4142.
- The current situation provides excellent opportunity to enter the markets at lesser risk.
18/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4251.
- 01.55
pm. Nifty has made a low of 4222, this is the best buying time. If one
is lucky he may get it lower, but this is a very good opportunity to
enter.
- 10.48
am. Nearly an hour into opening, the Nifty appears to consolidate after
touching a low of 4296 with Advance/Decline at 22/28. The gainers are
TATAMOTORS, PNB, SBIN, STER & CAIRN, while the top losers are
AMBUJACEM, ACC, SUZLON, JINDALSTEL & BHEL.
- The global cues are negative.
- Crude oil has recovered to $71.15.
- INR vs USD seem to be stabilizing.
- Nifty in oversold zone. Increase in volatility expected.
- Nifty may touch a low of 4260 before exhibiting resilience.
- A recovery of Nifty back to 4700 levels on cards, it may happen in 2-3 sessions.
- Expected High/Low 4460,4545,4650/4310,4260.
- Buy at dips.
17/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4356, amidst weak global cues.
- 03.25
pm. Nifty has fallen to 4332 and Advance/Decline is 0/50, an all round
slide, the scenario is very weak compelled by very weak global cues.
- 02.31
pm. The sell-off being witnessed could be the result of apprehensions
regarding a populist budget. FII's may be booking profits / unloading.
- 01.56
pm. Nifty slipped to 4422 after recovering close to previous close. The
Advance/Decline has turned precariously low at 3/47. HEROHONDA,
RELINFRA & TATAPOWER being the only three gainers while topping
the decliners are TATASTEEL, RELCAPITAL, HINDALCO, RCOM & SAIL.
- 11.32 am. Market may remain listless for most part of the session and may see some action post 2pm.
- 11.23
am. Nifty at 4491 with Advance/Decline at 15/35 a very weak outlook.
The top gainers are RELINFRA, IDEA, DLF, UNITECH & TATAPOWER, while
the top losers are CIPLA, M&M, WIPRO, TATASTEEL & JINDALSTEL.
- 11.19
am. Nifty opened weak and trying to recover gradually - a consolidatory
move. After opening Nifty dipped to 4466, recovered to 4495 and again
tested the lows, forming double bottom (in case this the max. low for
the day), if this is the case then Nifty may move sideways for some
time. Thereafter faster recovery is possible.
Pre Market Analysis 09.00 am.
- Global cues are mixed, Nifty may act contrary.
- Crude is correcting and have slipped to $70.23.
- INR vs USD is at stalemate.
- Nifty may consolidate further and move in a tight range. It may close near highs.
- Expected High/Low 4580,4610/4460.
- Buy around 4460 or lower
16/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4517 an increment of 18 points over the previous close.
- 03.07
pm. A high of 4536 has been made by Nifty with Advance/Decline climbing
to 40/10. The top gainers are RELCAPITAL, RELINFRA, SAIL, AXISBANK
& BPCL, while top losers being STER, WIPRO, RPOWER, RPL &
HEROHONDA.
- 02.27
pm. Nifty has staggered to 4516 level with Advance/Decline at 36/14.
There may be some more upside but a profit taking bout may bring Nifty
to flat close.
- 12.48
pm. Nifty is hovering around 4500 and Advance/Decline has also risen to
35/15. The situation is becoming positive, raising the expectation
level.
- 11.23
am. Advance/Decline has turned positive at 28/22 led by RELINFRA, SBIN,
PNB, RELCAPITAL & HCLTECH. It appears as a consolidation day -
opening lower and climbing very slowly.
- 10.28 am. Nifty has recovered to 4452 with RELINFRA, RANBAXY, HCLTECH, PNB & CIPLA favoring while the declining toppers are STER, TATASTEEL, ICICIBANK, HEROHONDA & GRASIM.
- 09.59
am. Nifty has opened with negative bias -5 points over previous close
and touched a low of 4405. The Advance/Decline is at 11/37 and 2
unchanged.
Pre Market Analysis 09.00 am.
- Global markets are negative but may have little impact on Nifty.
- Crude is correcting and has slipped to $70.74 barrel. This may effect adversely the Oil & Gas sector.
- Depreciation of Dollar and appreciation of Rupee may prove beneficial for IT sector and export.
- Nifty may wait for news/ conjectures regarding Budget which by and large would be populist keeping in line with Congress' philosophy. Infrastructure, Power, IT's Education companies, Telecommunications, FMCG, etc. may become more speculative during this pre-budget period.
- Nifty may be choppy but with positive outlook. Recovery of 100+ is on the cards.
- Expected High/Low 4580,4638/4460,4410.
- Buy on dips and hold.
15/Jun/09
During the Market:
- 03.35
pm. Nifty touched 4467, the day's low amidst negative market breadth
and negative European cues. The Advance/Decline ended flat 25/25. Nifty
tried to recoup due to short covering in post 3pm. session and closed
at 4484.
- 02.46
pm. Nifty has made a new low 4486 and is trading at 4498 with
Advance/Decline at 20/30. Since morning the market breadth is negative
in the absence of any cues further the European bourses are also giving
negative cues.
- 01.18 pm. Nifty is trading at 4523 after making a new low of 4516 for the day. The Advance/Decline is not encouraging at 22/27.
- 12.09
pm. Nifty again slumped to days low but regained a little, now its
trading at 4548 level. Nothing much is expected for the day as the
market is directionless.
- 11.14
am. Nifty has recovered to 4586 after touching a low of 4522.
Advance/Decline has also turned positive at 33/15. The top Nifty
leaders are SUZLON, AXISBANK, RPOWER, RANBAXY & RELINFRA, while top
decliners are STER, TATAPOWER, TATAMOTORS, HINDALCO & SUNPHARMA.
- 10.04
am. Nifty has opened weak and plunged to 4522, with weakness all
around. The Advance/Decline is abysmally low at 5/45. There is some
resistance at 4510, if this is breached then the next support is at
4460.
Pre Market Analysis 09.00 am.
- Global cues are directionless.
- Crude seems stabilizing near $72.25/barrel.
- INR vs Dollar also stabilizing around Rs.47.41.
- Indian markets by and large clueless.
- There can be recovery, accompanied by choppiness. Nifty may close near the highs.
- Expected High/Low 4690,4710,4760/4560.
- Just wait and watch.
15/Jun/09
During the Market:
- 03.35
pm. Nifty touched 4467, the day's low amidst negative market breadth
and negative European cues. The Advance/Decline ended flat 25/25. Nifty
tried to recoup due to short covering in post 3pm. session and closed
at 4484.
- 02.46
pm. Nifty has made a new low 4486 and is trading at 4498 with
Advance/Decline at 20/30. Since morning the market breadth is negative
in the absence of any cues further the European bourses are also giving
negative cues.
- 01.18 pm. Nifty is trading at 4523 after making a new low of 4516 for the day. The Advance/Decline is not encouraging at 22/27.
- 12.09
pm. Nifty again slumped to days low but regained a little, now its
trading at 4548 level. Nothing much is expected for the day as the
market is directionless.
- 11.14
am. Nifty has recovered to 4586 after touching a low of 4522.
Advance/Decline has also turned positive at 33/15. The top Nifty
leaders are SUZLON, AXISBANK, RPOWER, RANBAXY & RELINFRA, while top
decliners are STER, TATAPOWER, TATAMOTORS, HINDALCO & SUNPHARMA.
- 10.04
am. Nifty has opened weak and plunged to 4522, with weakness all
around. The Advance/Decline is abysmally low at 5/45. There is some
resistance at 4510, if this is breached then the next support is at
4460.
Pre Market Analysis 09.00 am.
- Global cues are directionless.
- Crude seems stabilizing near $72.25/barrel.
- INR vs Dollar also stabilizing around Rs.47.41.
- Indian markets by and large clueless.
- There can be recovery, accompanied by choppiness. Nifty may close near the highs.
- Expected High/Low 4690,4710,4760/4560.
- Just wait and watch.
12/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4583 a down 54 points from previous close.
- 02.10
pm. Nifty has made a low of 4566 and Advance/Decline has further
dropped to 9/41. The major gainers are CIPLA, STER, TATASTEEL, HINDALCO
& GAIL, while top losers are DLF, CAIRN, RANBAXY, RCOM &
SIEMENS. Nifty may now recoup and may not dip further.
- 01.40
pm. After making a high of 4690 Nifty again dipped below 4600 but has
recovered to 4617. At this moment its trading horizontally and the
Advance/Decline has come down to 18/32.
- 11.16
am. The 52 week High is at 4688, if Nifty breaks it positively then the
next expected level is 4820+. This break out is expected soon.
- 10.21
am. On opening Nifty climbed to 4677 and then dipped to 4634. At
present its trading at 4654 with Advance/Decline at 31/19 which is
promising. The top gainers are ICICIBANK, TATACOMM, STER, HEROHONDA
& BPCL, while top losers are ONGC, M&M, HDFCBANK, HINDUNILVR
and HCLTECH.
Pre Market Analysis 09.00 am.
- Global cues are just positive.
- Crude oil is at $72.46/barrel, a small adjustment in price is on the cards.
- INR vs Dollar is nearly stationery.
- Expected that Nifty may consolidate further till it climbs above 4720.
- Expected High/Low 4690,4710/4550.
- Nifty may close flat or slightly lower by 20-30 points. The session may be choppy with flattish outlook.
- Wait and watch.
11/Jun/09
During the Market:
- 03.35 pm. Nifty closed nearly flat at 4637 at a loss of 17 points.
- 03.20 pm. Nifty at
4643 with Advance/Decline at 22/28 with TATACOMM, HINDALCO, STER,
M&M and IDEA being top gainers, while BPCL, AMBUJACEM, ONGC, ACC
and BHEL being the top losers.
- 02.15 pm. Nifty has surfaced above the previous close but lacks breadth, at best Nifty will close flat.
- 01.20 pm. Nifty made a new low of 4586 but is recovering at 4620. After this move, a high of 4710 is expected.
- 12.51
pm. Nifty is at a low 4595 and Advance/Decline at 16/34. The top
gainers are IDEA, TATACOMM, M&M, HINDALCO and HDFCBANK, the major
losers are BPCL, AMBUJACEM, ACC, INFOSYSTCH and SUZLON.
- 12.19
pm. Nifty is dwindling up and down the previous close. The session,
since opening has been direction less. Action is expected near the
closing hour.
- 11.46 am. Nifty has risen to 4673 with Advance/Decline also kowtowing at 28/22.
- 11.05
am. Nifty on opening touched a high of 4679 and then slipped to 4616,
from there it recovered to trade in a range near previous close. The
Advance/Decline is at 21/29 with top gainers being IDEA, NATIONALUM,
TATACOMM, TATASTEEL and RANBAXY, while the top losers are INFOSYSTCH,
ONGC, WIPRO, ACC and PNB.
Pre Market Analysis 09.00 am.
- Global cues are neutral.
- Crude has risen to $71.39 per barrel reducing the concern of OPEC.
- INR vs Dollar is nearly status-quo.
- Expected High/Low 4710,4760/4550.
- Nifty may be choppy with flattish bias.
- Don't worry for Nifty's movement, just capitalize on your pre-decided profits as and when they accrue.
10/Jun/09
During the Market:
- 03.35
pm. Nifty closed at 4655. Nifty held on to its morning gains throughout
the session and moved in a tight range. The Advance/Decline was 41/9,
with top gainers being RANBAXY, RELINFRA, ACC, RCOM and TATAPOWER,
while the top losers were TATAMOTORS, DLF, SUNPHARMA, SUZLON and BPCL.
- 02.23 pm. Nifty is making an effort to extract stocks from weak hands to strong hands.
- 01.50
pm. Nifty is moving in a tight range since noon and is expected to
break-out in the last hour of the session. The Advance/Decline is
maintained at 46/4 for most part of the session.
- 12.40
pm. Nifty is consolidating and may touch 4700+ by the closing of the
session. Its trading firmly at 4675 with Advance/Decline at 45/5.
- 11.48
am. Nifty is consolidating at present levels with TATAPOWER, HDFCBANK,
LT, SAIL and ONGC leading, while DLF, BPCL, SUNPHARMA, SUZLON and SBIN
declining.
- 11.40
am. Nifty at 4647 and supported by Advance/Decline at 44/6. Nifty has
been able to hold on to its early morning gains and the outlook is very
strong.
- 10.11 am. Nifty is now trading around 4640 with Advance/Decline dropping to 44/6.
- 10.03
am. Nifty on opening touched a high of 4651 with Advance/Decline at
48/2. Nifty's top gainers are HDFCBANK, LT, UNITECH, HCLTECH and
TATASTEEL, while the two losers are BPCL and SBIN.
Pre Market Analysis 09.00 am.
- Global cues are neutral with positive inclination.
- Crude has jumped to $70.76/barrel, very near the bare requirements of OPEC to run their economies.
- INR vs USD is stationery for the day.
- National cues are stronger than global cues, positive inflow by FII may further strengthen the markets.
- Expected High/Low 4595,4660/4530.
- Today the Nifty may consolidate further.
- Wait & watch. The investors with high risk appetite may buy at dips below 4550 and book profits at a level around 4610.
09/Jun/09
During the Market:
- 03.35
pm. Nifty has closed at 4550, a rise of 121 points over previous close.
Advance/Decline ended at 45/5 with top gainers being HCLTECH, DLF,
RCOM, M&M and LT, while top losers were BPCL, NTPC, GRASIM,
SUNPHARMA and BHARTIARTL.
- 02.50
pm. No profit taking has taken place, indicating a positive
expectation. There has been a constant gradient of the Nifty's
resilience.
- 02.10
pm. Nifty is consolidating and has made a high of 4550. There appears
no sign of weakness, Nifty may close near the day's high.
- 12.15
pm. The resilience of Nifty is evident the way Advance/Decline has
improved to 41/9. Nifty has enough strength to touch 4620 levels, if
profit taking does not take place around 02.30 pm.
- 11.50 am. Nifty trading strongly at 4480 level and Advance/Decline further improving to 37/13. HCLTECH, RANBAXY, MARUTI, WIPRO & TCS are leading while BPL, SUZLON, CAIRN, TATAMOTORS & GAIL are top decliners.
- 11.27 am. Nifty is upbeat at 4476 and Advance/Decline is turning very favorable at 34/16.
- 10.45
am. The Advance/Decline is fast turning positive at 29/21 and Nifty at
4460 level. The advancing stocks are NATIONALUM, TCS, HCLTECH, RANBAXY
and SBIN, while top decliners are SUZLON, BPCL, M&M, TATACOMM and
GAIL.
- 10.26 am. Nifty is showing resilience and has touched 4447. The Advance/Decline is also strengthening at 23/27.
- 09.58
am. Nifty opened weak and dipped to 4365 but regained to 4430.
Advance/Decline is at 17/32 and 1 unchanged, the top gainers are RCOM,
GRASIM, DLF, ITC & UNITECH while top losers are NATIONALUM, MARUTI, ONGC, WIPRO & TATASTEEL.
Pre Market Analysis 09.00 am.
- Global cues are marginally negative.
- Crude has firmed at $68.64/barrel a positive indication.
- Increment of INR vs USD is heartening for exporters and particularly IT sector.
- National news may have more impact as compared to global cues.
- Nifty may show resilience soon.
- Expected High/Low 4620,4660/4340.
- Buy on dips and hold for mid term. Selling is not advised, unless personal targeted profits are achieved.
- TATACOMM a good medium term buy between 460-480.
04/Jun/09
During the Market:
- 01.27 pm. Nifty has recovered and is trading at 4550+ levels with Advance/Decline at 31/19.
- 11.06
am. Nifty at 4495 and Advance/Decline at 22/28. The top stocks
advancing are RANBAXY, TATACOMM, SUZLON, HINDUNILVR & ITC, while
top losers are STER, CAIRN, TATASTEEL, HINDALCO & NATIONALUM.
- 10.10
am. Nifty opened weak in synchronization with the global cues and
slipped to 4476. This may be a consolidation day. The Advance/Decline
is at 19/30 and 1 unchanged.
Pre Market Analysis 09.00 am.
- Global cues have turned negative.
- Crude oil is stabilizing around $66+ per barrel.
- Firming of INR may add to woes of exports: specially IT sector.
- When the contributions shift from Nifty to mid-caps and small caps its not a positive indicator.
- Now in this situation Nifty's movement will depend mainly on FIIs positive inflow, and if otherwise happens Nifty is bound to correct.
- Expected High/Low 4620/4460,4340
- Volatility may increase.
- Wait & watch situation.
03/Jun/09
During the Market:
- 03.35 pm. Nifty closed at 4530. Consecutively for the third day the Nifty has closed within a range of just 5points.
- 03.10pm.
With Advance/Decline recouping at 29/21 Nifty has come above the
previous close and is trading at 4530. The top gainers are SUZLON,
HINDALCO, ITC, POWERGRID & TATAMOTORS, while top losers are
M&M, CAIRN, HCLTECH, INFOSYSTCH & SAIL.
- 01.20 pm. Nifty at the levels of 4510 is sliding down, and may find support at 4460.
- 11.15 am Nifty is trading at 4566 after touching a high of 4574. The Advance/Decline is at 39/10 and 1 unchanged. The top gainers are TATAMOTORS, HINDALCO, RCOM, STER & TATACOMM, while the top decliners are M&M, BPCL, CAIRN, MARUTI & SBIN.
- 10.27
am. Nifty has opened on a positive note and touched a high of 4572,
touching the expected level. Th Advance/Decline is at 43/7 indeed a
broad market breadth.
Pre Market Analysis 09.00 am.
- Global cues are barely positive.
- Crude is down by more than $1.93/barrel.
- Rupee has shown signs of recovery.
- Nifty may consolidate now. It is expected to open flat and may close lower : correct to 4341 or 4238 levels.
- Expected High/Low 4570/4341,4238.
- If Nifty dips to 4238 buy is recommended. High risk players can profit by selling at the beginning.
02/Jun/09
During the Market:
- 03.35 pm. Nifty closed nearly flat at 4525.
- 03.07 pm. Nifty as expected has recovered to nearly flat position at 4532 with Advance/Decline at 23/27.
- 02.43
pm. Nifty is trading at 4487 and is expected to close flat or near
previous close. The Advance/Decline has turned negative since opening,
its at 15/35. Stocks advancing are HCLTECH, TATASTEEL, HDFC, STER &
HEROHONDA, while those which are declining are ACC, RELINFRA, RANBAXY,
AXISBANK & SIEMENS.
- 01.52 pm. Nifty is losing steam, the Advance/Decline is pulled down to 12/38. The last one hour may see some pull back.
- 12.31 pm. Nifty at 4466, from here the support should come in. Advance/Decline is reversed to 18/32.
- 10.23
am. Nifty has touched a high of 4586 and a low of 4527, but now is
trading at around 4540. The Market breadth is positive with
Advance/Decline at 28/22. The top gainers being AMBUJACEM, TATAPOWER,
M&M, CAIRN & HEROHODA, while top losers are RELINFRA, BPCL,
SUZLON, POWERGRID & HDFCBANK.
Pre Market Analysis 09.00 am.
- Global cues are are optimistically positive.
- Crude oil has reached $67.99/barrel.
- Rupee's appreciation is cause of worry for exports and IT sector in particular.
- Nifty may touch a new high of about 4680 but may close lower at opening levels.
- Expected High/Low 4560,4680/4460.
- Don't
fall prey to hyperbolic 'targets' given by so called bull side experts.
Do self-analysis before jumping on buying and stick to your planned
profit booking.
01/Jun/09
During the Market:
- 03.40
pm. Nifty closed near the day's high at 4529 with Advance/Decline at
37/13. The top gainers were SUZLON, UNITECH, CAIRN, STER &
AMBUJACEM, while the top losers were AXISBANK, BHEL, IDEA, BHARTIARTL
& ICICIBANK.
- 02.33 pm. Nifty is oscillating between 4500 and 4530. It appears that a small bout of profit taking is on the cards.
- 01.26
pm. Nifty firm at 4418 with Advance/Decline at 36/13 and 1 unchanged.
The major stocks advancing being SUZLON, UNITECH, CAIRN, TATASTEEL
& AMBUJACEM, while the declining stocks comprise of AXISBANK, BHEL,
IDEA, ICICIBANK & BHARTIARTL.
- 11.39 am. Nifty slipped to 4475 but has recovered to 4510 levels. The market breadth is positive with Advance/Decline at 39/11.
- 10.17 am The top gainers are SUZLON, RCOM, CAIRN, TATASTEEL & NTPC, while the loser is TATACOMM.
- 10.14
am. Nifty has opened very strong and immediately touched 4450,
thereafter its stabilizing around 4540 levels. The Advance/Decline is
very positive at 49/1.
Pre Market Analysis 09.00 am.
- Global cues are positive.
- Rupee has appreciated. It will hurt IT sector and Exports.
- Crude oil has appreciated to $66.69/barrel, positive for global economy.
- Nifty has some more room to appreciate.
- Expected High/Low 4530,4610/4380.
- Keep booking profits if your objective is achieved. Don't be carried away by GREED or FEAR.
- TATACOMM around 460 is an good buy for mid-term.
