The Bulls have the upper hand at least for the time being.
Free Intra Day tips :
Buy ACC futures 918-921 . Stop Loss 914.Target 935. Buy Hindalco Futures 164.5-165.25 . Stop Loss 162.Target 169.5.
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A fresh start!
So the July series commences today. Its a fresh start for the the F&O market with a little over 55000 crores in Open Interest.Nifty Put call ratio is at 1.45.Nift rollovers at 74% as compared to stock rollovers of 69%. So where do we go from here ?
The support for the Nifty is at 4236-4210 . Andthe resistance to the up move at 4286-4322-4362.
Global Cues : US MARKETS
Nothing changed in the US fed 's decision about the interest rates.With core inflation deflating faster than the Fed has anticipated, the word "elevated" was removed. That gave market bulls a little something to hang their hat on. However, the directive went on to say that "sustained moderation in inflation pressures has yet to be convincingly demonstrated. The directive also reiterated that "the high level of resource utilization has the potential to sustain those pressures" and that inflation remains a predominant risk, hardly suggesting the Fed's tightening bias is any softer than it was at the last meeting.Thus, nothing in the statement to suggest the FOMC is inclined to move the fed funds rate anytime soon, either up or down, was eventually interpreted as fairly neutral and ultimately gave investors little guiding influence about the short-term direction for equities.
ASIAN MARKETS
The Asian markets are a mixed bag , with Nikkei up on Yen 's depreciation.Nothing startling as far as the Asian indices are concerned. We leave aside china as 2-3 % losses or gains at the Chinese markets are a norm now rather than being just exceptions.
We will be back with our trading calls in the mid afternoon. Our regular clients get them before the start of the trading sessions.
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Fireworks at 2.30 pm
Thursday, June 28, 2007
So the June series is coming to an end. its going to be volatile in the last one hour. No intra day tips but one for the next series. Free tips for the series : JULY SERIES : Buy Hindalco Futures 164-165. Stop loss 163. Target1 170 .Target 2 174. Sell ACC Futures 899-903. Stop Loss 912.5 .Target1 890. Target2 875. Be Strict with the stop loss ! Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
June series expires today!
Good Morning all! So another series ends today , its been a range bound week but extremely volatile.As usual our tips were spot on and hope our investors earned handsome profits. Global cues are a lot better , but that does not rule out a negative opening.Its going to be one difficult day for traders.The support for the Nifty is at 4236 and resistance to the up move at 4286-4290-4322. We will be back in mid afternoon for trading calls and more market insight.
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Wednesday, June 27, 2007
There is something negative about this market. the pullbacks are not of very strong hands.
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Undertone Negative !
The US markets were clueless as for a second straight session stocks failed to hold on to modest intraday gains after a sizable sell-off last week. Not even a handful of encouraging developments tied to the lingering sub prime situation were enough to give the market a sustained boost.Nonetheless, the recent shift in market sentiment viewed the latest attempt by the market to bounce back as another selling opportunity. The Asian Indices are trading in the red. Indian Markets may see Positive Bias as the June series comes to an end , but unless Nifty closes above 4325 for two consecutive sessions the market would remain negative. Will be back with more stock specific news and tips .
Yesterday as the markets were a bit range bound , we gave tips to our clients only.
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Markets Bearish!
Tuesday, June 26, 2007
The markets seem bearish with a 4180 downside.It might move upwards on the opening bell and sustain too but caution is the STOCK for the day. better to wait for some correction. Will be back at 12:30 for free tips and more insight.
Markets heading downwards !
The markets were choppy to say the least and in the short term that is going to give way to more directional call.Our sense is that if we break 4180 levels than we are heading towards 4100. With FII's again being net sellers in Nifty futures and put call ratio rising and open interest at its peak , that looks a distinct possibility.On the other hand , short squeeze can take this market to 4310 levels but that looks quite a remote possibility.
Here are the F&O cues :
Futures Open Interest up by Rs 1,211 crore (Rs 12.11 billion); Options Open Interest up Rs 806 crore (Rs 8.06 billion) Marketwide rollover at 31.6%; Nifty rollover at 26.27% Nifty Futures add 10 lakh shares in total Open Interest Nifty Open Interest Put-Call ratio unchanged at 1.41 Nifty Calls add 6.7 lakh shares in Open Interest Nifty Puts add 9.8 lakh shares in Open Interest Nifty July 4200 Puts add 4.47 lakh shares in Open Interest Nifty July 4150 Puts add 2.63 lakh shares in Open Interest Nifty July 4350 Calls add 3 lakh shares in Open Interest Nifty 4200 Put sheds 2.28 lakh shares in Open Interest Nifty 4250 Puts add 2.2 lakh shares in Open Interest
We will back with our free intra day tips and more insight soon.
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Rangebound Markets !
Monday, June 25, 2007
The markets were range bound and volatile. We will be back with more analysis as soon as the F&O data is out. No Free trading calls today given today.
Global Cues unclear!
Once again , the US markets are deep down in the red , The Asian peers are recovering and into the green , the European are not sure what the other markets are up to and we in India are facing the rollover and start of earnings season. Volatility in the world markets has become a norm rather than in our markets only.Plenty of reasons to be vary about but the best way to beat all in intra day trading is wait till the intial riot is over. So that's all folks ! We will be back in the afternoon.
Markets Volatile!
Friday, June 22, 2007
Free Intra Day tips :
Buy Hindalco Futures 167-168 . Stop Loss 165.Target 172. Buy Reliance Futures 1710-1715. Stop Loss 1705.Target 1740. Buy Tata Power Futures 626-629. Stop Loss 620.Target 640.
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Global Cues Unclear !
The US markets ended in the green while in the Asian indices are trading mixed. Some of the the more important F&O cues are underlined here .
Futures Open Interest up by Rs 1,677 crore (Rs 16.77 billion); Options Open Interest up by Rs 227 crore (Rs 2.27 billion) Marketwide rollover at 14.5%; Nifty rollover at 14.1% Nifty Futures add 13.1 lakh shares in total Open Interest Nifty Open Interest Put-Call ratio up to 1.43 from 1.38 Nifty Calls shed 2.1 lakh shares in Open Interest Nifty Puts add almost 5 lakh shares in Open Interest Nifty July 4200 Puts add 7.5 lakh shares in Open Interest Nifty July 4350 Calls add 2 lakh shares in Open Interest Nifty July 4000 Puts add 1.9 lakh shares in Open Interest Nifty 4100 Puts shed 5.2 lakh shares in Open Interest Nifty 4200 Calls shed 3.1 lakh shares in Open Interest
Also the crude prices are hovering near the 70$ market.Plenty of points to ponder.Will be back with our free Intraday tips.
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A Late surge !
Thursday, June 21, 2007
WOW , what a day , range bound yet volatile yet trade able.
Our free tips for today worked wonders when investors worked in the ranges given by us. Reliance , Nifty and Tata Power all gave enough opportunities to short. The US market futures are down , so there is a chance of a negative opening. Will be back soon with more updates.
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Markets to correct after initial surge!
Markets are technically looking for a correction. Put call ratio is at 1.36 which is quite high.
Free Intra day Tips :
Sell Reliance futures 1740-1745. Stop Loss 1754.Target 1720. Sell Tata Power 643-647 . Stop Loss 655.Target 620. Sell Nifty futures 4255-4260. Stop Loss 4275.Target 4210.
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Markets in for an uptrend !
Tuesday, June 19, 2007
Server problems continue to persist. Will resolve completely by 20th evening.
The markets are going in for a uptrend at least for the short term.
Free Tips for carry forward positions as we wont be available on 20th of June due to maintenance.
Buy Sterlite as ADS will be in the offing.
Buy Sterlite 555-560. Stop Loss 535.Target 600. Buy SBI 1335-1340. Stop Loss 1325.Target 1370. Buy L&T 1970-1975. Stop Loss 1955.Target 2010.
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Problems with FTP!
Sorry for the inconvenience to our investors as there was a technical problem with the ftp servers. It was an unscheduled maintenance so we could not help much. No such problems from now onwards. We will be back with regular updates.
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Markets to open with a gap!
Monday, June 18, 2007
The Markets are likely to see a break out either way in the week. The support for the Sensex is at 13871-13510 and the resistance to the up move at 14370-14470.The support for the Nifty is at 4047-3947 and the resistance to the up move at 4250.
Caution is a very undervalued term in the markets. And our word of advice is CAUTION only. Still there is a scenario for trading with very tight margins.
Free Intraday Tips :
Buy Bombay Dyeing 535-538 .Target 600. ( Medium Term ) Buy SBI futures 1330-1335. Stop Loss 1325.Target 1348. Buy Hindalco Futures 157-159. Stop Loss 155.35.Target 165.
As long as the Nifty futures discount shrinks to a more sane level of 5-8 points , the markets will remain volatile.Wait for the Buying ranges.
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Markets on an edge !
Friday, June 15, 2007
Indian markets are getting edgy.Its turnaround time. Those who kept our call on Reliance will reap rich dividends.No tips for today as the markets are directionless. Too volatile for Intra Day tips.Will be back on Monday morning with new updates.
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Us markets still strong !
Thursday, June 14, 2007
Stocks are successfully building on yesterday's surprisingly strong reflex rally; but market gains midday remain modest at best as split industry leadership dictates the day's proceedings. Per usual, equities are taking their cue from trading in the Treasury market. Fortunately for stock market bulls, however, solid leadership in several influential sectors is helping to offset an uptick in yields and subsequent weakness in the rate-sensitive and most heavily-weighted sector of them all -- Financials.
Nasdaq 2601 (+18) Dow Jones 13562 ( + 80)
Core PPI rose for first time in 3 months, lifting y/y rate to 1.6%; data provide no evidence of building price pressures (more influential CPI out tomorrow) so keep your fingers crossed.
Will be back in the morning. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Intra Day Targets achieved yet again !
All the targets have been met besides Bombay Dyeing. Even for that , Stop loss not triggered and one could have got out at par. It was a fruitful trading session. Clients still holding Reliance Capital futures can see a jump tomorrow.
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Fresh Position advice in JET and Reliance capital !
Markets seem strong atleast for today.Resistance at 14118.
Bonus free tips :
Buy Jet Futures 763-765 . Stop Loss 758 .Target 780.
Buy Reliance Capital futures 990-993. Stop Loss 983.Target 1012.
For aggressive traders , Reliance capital can be held for tomorrow also.
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Markets to open with a gap!
The US markets ended with a lot of green. Nse and Bse will open with a gap of at least 40 and 100 points respectively.The markets will sustain at a certain level after 10.30 am and we will see a fresh build up after 2.30 pm.
Intra Day free Tips.
Bombay Dyeing 545-548. Stop Loss 540.Target 560. Buy Sesa Goa 1725-1730. Stop Loss 1710.Target 1745. Buy Nifty futures at 4125-4130 . Stop loss 4120.Target 4155.
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US Markets on a a high !
Wednesday, June 13, 2007
Stocks rallied on Wednesday, more than erasing Tuesday's broad-based pullback, as a market increasingly vulnerable to rising bond yields finally got some interest rate reprieve. After tumbling more than 1.0% Tuesday and being down 2.3% on average less than two weeks into June, it was reasonable to see the major indices stage some sort of a rebound Wednesday. Surprising, though, was a government report that provided investors with a much-needed best case scenario of economic expansion without rising inflation pressures.
Nifty target achieved !
Markets are getting edgy once again. Nifty broke the 4118 support today. Target achieved of 4090 . We will be back with the US markets update in the evening and also with free trading tips for tomorrow in the morning.
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Intra day targets achieved !
All the targets have been met besides Nifty futures . Still time to go. Cover your positions. Stop Loss of nifty revised to 4125.
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Markets Rangebound !
Markets are volatile. Globals cues are mixed. Intra Day Free Tips.
Buy Bombay Dyeing 535-538. Stop Loss 530. Target 550 Short sell Navbharat Ventures 159-160. Stop Loss 163.Target 155. Short sell Nifty futures at 4130-4135 . Stop loss 4150.Target 4090.
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US Markets slip!
Tuesday, June 12, 2007
Stocks continue to pare their losses midday but selling efforts remain broad based as another jump in interest rates diminishes the desire to own equities. Even though the latest uptick in bond yields isn't likely to alter economic expectations, the fear is that a continued rise in rates will make bonds a more attractive alternative to stocks and slow down M&A activity. The yield on the 10-year note was as high as 5.22% after China's inflation rising faster than forecast exacerbated fears of global tightening. Further unwinding of mortgage hedging and concerns that upcoming economic data may warrant last week's sell-off in Treasuries are also contributing to the rise in yields.
Nasdaq down 13.82 Dow Jones down 60.95 S&P down 7.19
Not ominous signs for the Asian markets especially after the triple sell rating by Morgan Stanley.
Markets going in for a spin!
So the bears are getting back. Watch out! From a technical perspective , If the Nifty were to fall below 4118, it might even test 4050 in the near future.when we say fall , we mean closing below 4118. Strength would only resurface if the Nifty were to decisively cross 4210 – 4220 resistance zone. The discount is narrowing , the short covering is happening and not the broad based selling. Caution for day traders .Much will depend upon the US markets. CAC and FTSE are trading in the negative.The support for the Sensex is at 13985-13853 and the resistance to the up move at 14370-14430.
We will be back in the evening to update you about the US markets.
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Edgy markets !
Markets are getting edgy and are showing signs of fatigue. From today we will give 3 free intraday tips for the benefit of new visitors on site and to show the profits one can generate. Tips for today. Short sell Hindalco 158-160. Stop Loss 161. Target 155 Short sell Navbharat Ventures 159-161. Stop Loss 163. Target 156. Buy Nifty futures at 4095-4110 . Stop loss 4070. Target 4145.
Adhere to strict stop Losses in order to safeguard your interests.
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Correction or Consolidation !
Monday, June 11, 2007
After four consecutive sessions of broad-based selling, stocks bounced back in impressive fashion Friday as investors rallied around the resurgence of several catalysts that have contributed to this year's rally or to be more precise, towards strong global markets. The markets will probably will see today's US markets before shaping up further. Wait for clearer signals.For stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Global cues bearish!
Another jump in interest rates making equities less attractive; China's inflation rising faster than forecast exacerbating fears of global tightening .
Correction!
Thursday, June 7, 2007
As has been the case nearly all week, every time the bulls try to get something going they almost as quickly run into a headwind. The more recent catalyst taking an added toll on stocks and pushing the indices to lower lows on the day is the same catalyst that pushed the markets to their lows in March , weakness in global markets.But will it continue? That's the big question. YES in the short term and no in the medium term. This market is not for the faint hearted anymore and be sure that the bounce back will be more vigorous than the fall.The trick is in the timing. Will be back with more insight early in the morning.
Trade with conviction!
Well , so the correction day came only a day after I wrote about it.Anyways no stock picks today as anything and everything will happen.But one word of advice for sure , trade with conviction.Buy stocks at dips as fundamentally the growth story is still intact. Its only the weak hands that are getting away from the markets.Will be back by mid trading time to give better breakout advice.
Trading Tips !
Tuesday, June 5, 2007
It was yet another sluggish session for the markets with the Sensexand Niftyending marginally in the green. The Asian markets were in the green too Shanghai saw some wild swings but ended in the green. The US markets are trading in the red midway through the day.Correction is bound to happen in the coming few days. Reasons: 1. Indian Crude basket rising to 67 dollars plus on Monday. 2.Inflation and Rate hike concerns. 3.Global markets on highs , profit booking looks imminent. 4. Correction overdue after a sustained runup from 3700 levels.
Stocks to trade:
1. Buy Hindalco futures. Range : 146.5-147.5 Stop Loss : 144 Target : 158
2. Sell BombayDyeing Range :600-610 Stop Loss : 620 Target : 575
These are strictly for day trading as the markets are too volatile and hence one should adhere to stop -losses.
Volatile Markets
The markets will continue to be volatile in the coming few sessions.
Disclaimer:
While this section spares no effort to come out with market calls, it is made clear that all these calls are given based on information collected at that specific point of time. Subscribers are advised to keep in mind the uncertainty of the market and use their own discretion in exercising their preferences. Nobody from Nsestockstips.com can be held legally or otherwise responsible for any losses or damages the subscribers may incur acting upon the recommendations made in this section.
