Outlook and Trading Calls for 23April07
Nifty: 4083.55 +85.90 Points Sensex: 13897.41 +277.71 Points
FII Activity:
Cash Segment: 622.51 crores net buyers
Index Futures: 1211.67 crores net buyers
Stock futures: 14.24 crores net buyers
Advance Decline ratio: 678:365
Outlook for 23Apr07:
The markets are looking strong for the time being and can go up till 4137 in intraday. Be cautious when Nifty reaches 4137 levels. Few of the large cap stocks are showing signs of divergence. The volatility will reduce as the raising wedge is narrowing. For Today, the Nifty should face resistance at 4108-4137-4180 and should take support at 4066-4046-4018.
Futures Trading Calls:
Buy Bajaj Hindustan at current levels for target 184 with stop loss 166. Play for the technical bounce.
Buy Jet Airways if sustains above 692 for target 790 with stop loss 670.
Buy Jindal Stainless if sustains above 143.50 for target 153 and 163 with stop loss 130.
Buy Matrix Labs at current levels for target 203.
Buy Relaince Industries at current levels for intraday target of 1566.
Sell CESC if sustains below 367 for target 355.
Sell Dabur if sustains below 96 for target 92.50
Sell IDBI if sustains below 84 for target 81.
Be cautious in Tata Steel if you are long. Can crash any time.
Cash Calls:
Buy Rolta if sustains above 376 for target 408.
Buy BPL Ltd if sustains above 70 for target 78.
Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.
posted by Moneyspinner at
2:24 AM
6 Comments:
I highly appreciate your effort in giving these calls.. But it would be even better if you could mention some timeframe for the futures calls..
Like Bajaj hindustan has a TGT of 184.. but in how many days.. or weeks.. Or is everything Intraday?
I no that its difficult to give a time line.. but a rough estimate will be very much helpful..
By
vvb, at 10:56 AM
Hi..these are not intraday calls..as mentioned in the 'about'column these calls are for swing trading..call can mature in 8-10 trading sessions. If anything other then swing calls are given then it will be specifically mentioned.
By
Moneyspinner, at 5:52 PM
Hi friend. Tata steel just bursted on the upside though all the analyst are bearish on it its still goin up any thing to justify the up move. And abt rolta i have bought it today at around 288 hows it looking will still go up after the results being declared
By
Anonymous, at 11:34 PM
Sorry rolta at 388
By
Unknown, at 11:36 PM
And hey friend got some clue abt. Rel energy bought it today with tgt of 570
By
Unknown, at 11:37 PM
Hi,
Rolta has already hit the target today. 8% up today. I beleive that Tatasteel is going up in short covering only. I still feel it will crash in a couple of days. There is a good possibility of REL going to 570 in 2 days.
By
Moneyspinner, at 3:36 PM
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