DLF looking good for another upside!

DLF is showing another upmovement in the EOD graphs and it looks it will hit 800 soon, although 800 is a strong target/resistance for it, but it will surely hit it or its last high of 789.7 above which i expect it to hit 800 atleast, which is possible anyday now. Keep a stop loss of 744 and one can make a long position in it.

Expect market to touch 5000 by Friday!

I expect nifty to touch 5000+ by friday as the world markets are looing good and DOW jones rallied 100 points last night as well. The IT index also moved up yesterday and this could fuel the rally up further hitting 5000 in a day or within 48hrs time.
My favourites as you know remain the same, Reliance,REL,Relcapital,SBI,Tatasteel(looks good).
My thumb rule of being successful in this highly volatile market is,being with the Big BOYS!
which i mentioned already.I only trade in NSE50 stocks in intraday, i dont waste time in mid-caps.At the end of the day, its the profit which you take back home matters to me,ya i do make losses,but profits are more consistent in my style of trading.

Expect Nifty to touch 4750-4820 levels today!

I expect Nifty to touch 4750-4820 levels today itself, the higher level could be attained tomorrow.Reliance,SBI,DLF will lead the rally. DLF target for a short term is 730. SBI target is 1800 in 3-4days.

Fed News will give the direction!

18th Sept is the FED news date, which is today. If FED cuts the interest rates which is what most traders are anticipating, then indian markets will be the ones which be benefitted the most out of it.If FED keeps the interest rates unchanged, then a small correction and then a small rangebound movement is expected in Nifty; and if FED raises the interest rate which is most unlikely to happen, then expect good correction in Nifty and a rise in USD is most possible situation which is possible.
Even the americans are expecting rate cuts and FED has no choice other than to cut the rate,since stock markets will be effected the most if rate is not cut.
I would be happied to buy a straddle in SBI today and expect good profit tomorrow.

Nifty showing weakness at 4520-4530 range!

Nifty showing weakness between the range of 4520-4530, and once this range is crossed with volumes we should expect atleast Nifty hitting 4600 level, any adverse news at this junction will lead to a big fall.
Reliance,relcapital,sbi,Petronet looking good for long positions.

Expect market to be rangebound,or a little upside!

Nifty to remain in a rangebound movement for this week, as the market is waiting for 18th Sept meeting of FED, and waiting to give guidance for intereste rate changes. No doubt in it that an intereste rate cut off in US will be a boon to India and expect the banking sector to rally like any thing. But if the interest rate is not cut and no changes are made, then expect the same small movement in the market and no trend as we are experiencing these days.
Escorts is looking good for a long position, for a target of 115-120.

900bn USD credit card debt on US!

To some people this thing may sound pretty scary and to some it may sound nothing(if you already in huge debt), but if you an indian and trading in indian stock market then it wont affect your day to day life, but yes it may effect Sensex and other stock markets in the world.
Till now we were facing subprime crisis and also witnessed a small crash on our markets, although it has very little connection with India, but since our indices follow Dow jones and other asian indices so much, that we cannot do much in this case, but we may be going to witness a new type of bad news from US, around 900bn USD debt is piling up on the Banks who have issued credit cards to US citizens, who dont seem to be interested in paying back the money and eventually turning away from their financial responsibilities.
This credit card crisis is not new, this is well known to USA and its increasing every month, as new credit cards are issued every day in US.
IF this debt is not cleared, then a similar crash will be seen, as happened due to subprime crisis, as this credit card mess is much the same in size as compared to the subprime mess made by Americans.
God save indian stock market!

Nikkei has broken an important support! Dow in negative as well.

Nikkei had an intermediate support at 16175, which it had broken and is around 16158 levels. We expect another 200 points fall in Nikkei which could happen tomorrow and currently DOW is already down around 140 points.
If Dow closes in -ve, we should see a similar effect on our markets as well, that is Sensex, and we might see a correction of around 2% in Sensex as well by tomorrow; this is a possibility from our end, right now its 10:55pm India time, and Dow closes at 1:30am indian time, so if Dow closes in +ve then this effect may not happen, but again as said earlier, Nikkei has broken its important support, so things dont look good right now.
Nifty is showing resistance at 4500-4510 levels.

Nifty looking weak at highs,expect some surprises!

Nifty is trying to move up but everytime its being pushed down, this shows that selling is coming at highs and a resistance around 4480-4510 is visible, until unless it crosses this resistance range, expect a rangebound to weak market in coming days. Arvind millis looking good, followed by SBI and Reliance for going long.