Nifty , Sensex , Stocks, Commodities , Forex

Trading Strategies for April 2012

2012-04-01T04:55:00.000+05:30

BUY jaiprakash associates target Rs.86.20, levels once broken will lead towards 88.75

BUY BHEL only once price breaks Rs.257 with targets of 263.1 and 266.5
However If price fails to breach Rs.257 then short with targets of Rs.252 and Rs.241

Buy Golden tobacco for long term (Technical candlestick pattern has three black crows
which define a huge bullish candle towards Rs.62

IOL Chemicals is going to continue its bearish move towards Rs.19.5 therefore we would
recommend hold short positions

BUY ZODIAC CLOTHING WITH TARGETS OF RS.233 maintain a stop loss of Rs.198
Do not hold this stock for a long term, since this will continue to remain in a consolidation
phase for the next coming months, We are keeping a watch on this stock since it has
gained with volume of over 9 Lakh shares within a day's time, Therefore if it breaches Rs.250.5
it may continue to move north.

WE RECOMMEND GOING SHORT ON LUPIN AT MARKET RANGE OF RS.533-546 WITH TARGETS OF RS.409 AND RS.384

Stock Tips 30th March 2012

2012-03-30T14:28:00.001+05:30

Buy Venus power (BSE) for Huge profits!

Buy Tata power (Intraday and Btst) with targets of 102

Research 22 March 2012

2012-03-22T04:59:00.000+05:30

SHANTI GEARS BUY ABOVE 36.6

GANESH POLYTEX WATCH 60.25 above 60.25 for long term

buy kei industries with targets of 22.7 and for long term

buy ceat with targets of 108.75 once Rs.96 is broken (prelim bullish price objective )

buy dlf above 206.5 and sell below 206.50 (206.50 as pivot level)

buy piramal glass with targets of 126.45

watch bharti shipyard

a wedge format on aptech buy with stop loss of Rs.83 (bullish price objective Rs.100)

SHORT CASTROL WITH TARGETS OF RS.387 MAINTAIN STRICT STOP LOSS OF RS.514

watch grindwell norton bullish tgt price Rs.290

buy chettinad cement

buy OCL

Pranab M. Budget Speech 2012

2012-03-16T02:31:00.002+05:30

Nifty Budget Analysis and Stock Tips 16th March 2012 , Nifty to hit 5600 ?

2012-03-16T02:08:00.002+05:30

16th March 2012 is what investors have been waiting for the " Budget Day " . Which is very dangerous for most day traders to either Make or Break their portfolio unless guided well with precise analysis !
At www.Dailynifty.in we simplify our language for all investors to understand our trading strategies and recommendations.

On Budget day our recommendation is the " Power Industry / The Energy Sector "

Top Picks (NOTE : PRICES ARE MENTIONED ACCORDING TO THE BOMBAY STOCK EXCHANGE)
( Stop loss need not be mentioned on Budget day for the stocks mentioned below )

1) Alstom Project :- Buy with targets of Rs.525 (Hold until April)
2) Buy CESC only above Rs.310.60 with targets of Rs.343)
3) BUY SJVN with targets of Rs.22.5 (HOLD UNTIL APRIL)
4) (WATCH ENERGY DEVELOPMENT COMPANY)
5) SELL TORRENT POWER WITH TARGETS OF 198.5 MAINTAIN A STOP LOSS OF RS.219
6) BUY RENUKA SUGAR WITH TARGETS OF RS.50 (HOLD UNTIL APRIL)

Nifty & Stock tips for 14th March 2012

2012-03-14T02:16:00.000+05:30

Buy IFGL Refractors with targets of Rs.43.80 and Rs.45 maintaining a Strict Stop loss of Rs.38. Current Market price is Rs.40.40.

Buy ATN International Only above Rs.1.06 with targets of Rs.1.40 Stop loss can be adjusted in between Rs.0.70 to Rs.0.80

Buy JPpower only once crosses above RS.44.6 or SELL if remains BELOW RS.44.6
Rs.44.6 is strong Pivot level

Sell Wipro with targets of Rs.420 and Rs.399.

Our Recommendation on the Nifty is to hold long positions as long as 5420 holds with next targets of +20 points ahead of today's closing price. However Nifty has strong resistance level at 5520, which once broken will lead towards 5600.
If 5520 is not broken we would have to wait for budget day for a turn around or a bounce back up . therefore watch 5520 levels !

Good luck trading ,

Nifty trading strategies 14th feb 2012

2012-02-14T03:38:00.000+05:30

The Sensex has way to move up another 350 pts after mondays close at 17772.84
with resistance at 18132 and Support levels at 17596 once broken would lead towards 17300

The resistance mark of 18132 is a very crucial level for a turning point in the markets
a break above 18132 will lead the Index towards 18440 and 19120.

The Midcap index is trading above its 200 day moving average which acts as a very strong
resistance point for Midcap stocks,Tte Midcap Index is positive as long as it
holds above the 6260 Mark with targets of 6340 6476 for the week. Supports lie at 6260 and 6153.
-------------------

buy gspl above Rs.80 with targets of Rs.92 , SL 79.80 CMP 84.9 (Duration 14 days)
buy escorts above Rs.86.75 with targets of Rs.92 and 100 (Duration 15-20 days)

Nifty 8th Feb 2012

2012-02-08T01:44:00.001+05:30

Hot Stock Picks! Intraday and Monthly Stock Picks!

2010-03-31T21:20:00.000+05:30

Buy ABB with a stop loss of Rs.820 , and target's of Rs.846.

Buy Bharat gears at CMP Rs.52.95 with a stop loss of Rs.52.30 and targets of Rs.54 and Rs.55, once Rs.55 is broken this stock would head towards Rs.64 .
This stock is a Monthly Pick and can be held for the month of April .

Buy Kohinoor Foods with a stop loss of Rs.52.00 . Look for buying above this price only.

Buy PowerGrid at CMP. 107, and Maintain a stop loss of Rs.105.50 . Targets are of Rs.108.6 , Once 108.6 is broken this would head towards Rs.110 and 112.

Buy Garden Silk with a stop loss of Rs.67 and targets of Rs.78 and Rs.82

some other list of stocks that you can own for a month , and sell off by mid april .

ABHISHEK CORP
Action CONSTRUCTIONS
Jindal Saw
ICICI Bank
Gujarat Gas
Gillette

Monthly Picks and Short Term trades

2010-03-29T13:30:00.000+05:30

ICICI BULLISH ENGULFING APRIL

20MICS LOOKING TO DEVELOP a Bullish Engulfing Pattern
3IINFOTECH LOOKING TO DEVELOP
ABHISHEK CORP BULLSIH ENGULFING

ACE CONSTRUCTIONS BULLISH

crewos forming a bullish pattern

jindal bullish pattern
nitinfire , bullish pattern daily and weekly

gujarat gas bullish monthly pattern

MSK PROJECT BULLISH INGULFING DAILY CHART

abcil target 74 sl 70 below 70 target 68

gilette bullish englufing

heritgfood buy at 210 target 251

hindujaFo

INDIAN HUME buy

buy indusfila with a stop loss of Rs.25.65 target Rs.29

buy jppower above Rs.70 , sell at rs.75.90

buy NTPC cmp Rs.200 sell at Rs.205, buy above Rs.205 sell at Rs.212

buy powergrid above 108.60 target 110 and 112

short bharti airtel below 310 with targets of Rs.300 , on the other side buy above 310 targets 322.90

BUY SBI ABOVE 2079 TARGETS 2114 AND 2185

BUY UNITECH AT 73.20

buy ttml above Rs.24.35

Markets 29th March 2010

2010-03-29T03:42:00.000+05:30

Profit booking on the 26th of March lead the markets up towards 5294 the target for Nifty that we had mentioned.

Ashok Leyland moved up on the cash market towards Rs.54.70 , There is strong resistance which lies at Rs.55.00 once this is broken it would lead towards 56.90 and Rs.57.

Rpower Is a good buy only above Rs.150, With targets of Rs.156.80 in a few days time.
Maintain a stop loss at Rs.147.

Reliance Industries looks good above 1109 with a target of 1135. Stop loss at Rs.1097

Market Outlook :

Markets will open with a big gap, and the market looks positive, sensex as we said earlier has resistance at 17769- 17790 level(s).
It is also possible that we could test new high's from the market crash.

Market Activity.

2010-03-24T04:38:00.000+05:30

The Nifty witnessed an intra day movement of about 50.20 points. The closing index was 0.39% up as compared to the previous closing index.

Nifty now has resistance at 5261 and support at 5257, Nifty tested 5193 in the day as I mentioned earlier in my previous post that Nifty has support at 5187 which also was tested on the 22nd of March. Profit booking in the Nifty may lead the Nifty towards 5267 and 5293 with increasing volume's for the month end.

Ashok Leyland is a great buy with targets of Rs.57.5 and Above. A slight increase in volume in this stock will trigger a breakout in this stock immediately
we should see this stock move to Rs.100 and above in six months.

with 638 advances and 677 declines in Stock's.

As recommended in the last post, high beta value stock's such as ICICI Bank fell from 963 to 922, ICICI Bank still look's bearish and you can short with a stop loss of Rs.932 and a target of Rs.907 and a little below. There is no sign of the market turning positive, although profit booking might help sustain the market

Adhunik Metaliks is a good buy at Rs.123.10, with targets of Rs.Rs.127 and above, this stock will move to Rs.184 in a few months.

Tata Motors can head lower towards Rs.734.9, once broken this level can lead towards Rs.726 on an intraday basis, this also can head lower towars Rs.714.38

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Stock Picks! 22 March 2010

2010-03-22T02:52:00.001+05:30

The Sensex has strong resistance at 17636 and 17735, Market's Look weak with the greenback getting stronger in comparison to other currencies.

The Euro fell on Friday for the third session in a row accumulating a decline of 230 pips.

EUR/USD failed to consolidate above 1.3800 and weakened erasing early gains and finished the week with an important decline. The pair had the first weekly close below 1.3550 in ten months.

“The EUR may be vulnerable widening of yield and growth differential as rumors are circulating that the Fed hiked the discount rate before the next policy meeting in April. EUR traded to the days lows pressured by report that India hiked interest rates”

Nifty has resistance at 5293

It is possible that we might witness a crash in the markets with high selling pressure.

Short selling high beta value stock's would be risky and highly profitable.

List of High beta value stock's are mentioned below.

DLF LIMITED 1.56
HINDALCO INDUSTRIES LTD 1.32
ICICI BANK LTD. 1.50
JAIPRAKASH ASSOCIATES LIMITED 1.58
RELIANCE INFRASTRUCTURE LTD 1.45
TATA STEEL LIMITED. 1.46

----------------
Stock Picks For 22 march 2010

JB CHEM PHARMA buy with stop loss of Rs.69.00
JSL Buy with a target of Rs.110
SUNFLAG buy with stop loss of Rs.30.80
SUZLON (Buy)
IOC (Buy)
IOB (Buy)
Golden Tobacco (Buy with a target of Rs.133)
FDC (Buy)
ETC entertainment (Buy)
DEWANHOUS (buy only above Rs.203)
AUTOIND buy above Rs.118 only
CREWBOS (Buy)
buy Advanta (Intraday only)

Market Outlook

2010-03-22T02:48:00.000+05:30

Market Outlook :

The European Union's split over Greece was in focus last week. Germany's stance on helping the country overcome its budget deficits has been tough but it seemed to have turned tougher recently. Greek Prime Minister has been busy bargaining for lower borrowing costs, while German Chancellor Angela Merkel suggested Greece to seek assistance from the IMF. The euro was under tremendous pressure last week.

The theme will remain important next week as the EU summit will unveil more details about European leaders' stance on the issue.

Tightening in Asian economy is looming. While China has raised required reserve ratios twice in the first 2 months in 2010, India raised interest rates last week as we expected. As emerging markets, especially China and India, are expected as the strongest growth driver of economy, these cooling measures inevitably affect market sentiment.

The Nifty Daily.

2010-03-16T03:08:00.000+05:30

Market Outlook :

The Index has resistance at 17322 which is what we would be expecting very shortly ,
Markets did test 17240 will lesser volume. The Volatility Index $VIX for global markets is at its lowest.

There is resistance seen at 5165 on the Nifty , above 5165 we target 5180 and 5201 and 5220.

on the downside Nifty has support at 5067 and it is possible nifty could test 5015 if breaks below 5067.

Stocks To purchase

Buy Bharat Gears above Rs.55 only.

Buy Bharti Airtel with a target of Rs.309 (Intraday)

Birla Ericsson looks like a good buy

Buy cords cable

The Nifty Daily

2010-03-05T09:20:00.000+05:30

Please Note : (For intraday traders please book a profit on a

Rs. 1 - 2 - 3 gain from each stock , do not wait for all the

targets since targets mentioned are not only for Intraday

traders but also for delivery based investors/traders , Please

consider Stop losses mentioned. For succesful intraday

trading following our scripts mentioned below , the best buying

time would be early morning just after the early morning bell)

Buy

Wheels India with SL Rs.236 the stock shows an increase in

buying pressure from the start of this month, and one should

expect returns on this stock after March 2010. This Stock has

very strong support which lies at Rs.211. It is possible that you

may see gains on this stock within the month of March, we

suggest you book profits on a 5%-10% gain with news ahead,

or keep it in your portfolio for a month for a gain of

approximately 17%.

(Intraday) This stock can also be traded for intraday based

trade for the 5th march 2010 only. (Delivery Recommended)

For Intraday traders , please book profits on gains of Rs.2 or

Rs.3 on the stock .
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We would also suggest buying Welspun India, the current

market price for this stock is at Rs.90.3 ,

This stock should be only purchased at an exact price of

Rs.91.30 or a few cents above the price. eg. Rs.91.50- 91.70
with a target price of Rs.102 , Maintain Stop Loss at Rs.82

For Intraday traders make sure you maintain a stop loss of

Rs.87.9 and book profits on Rs.1-2 gain .

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Buy Welspun Gujarat , with a target price of Rs.266 , Rs.269

and Rs.273.90 with a Stop loss of Rs.253 (Intraday & delivery )

Buy VST Industries CMP Rs.485 , with a target of Rs.500
(Intraday & delivery)

Buy Voltamp Transformers CMP Rs.890 , with a target of

Rs.899 and Rs.929 and above ** , Maintain a stop loss of

Rs.877
(Intraday & Delivery)

Buy Vishal Retail CMP. Rs.63 , with targets of Rs.69 and a

strict SL of Rs.62 (Intraday & delivery)

Buy VIP Industries CMP Rs.257 , with a target price of Rs.262

(Intraday & delivery) , SL at Rs.255

Buy Viceroy Hotels Cmp. Rs. 44 , with targets of Rs.47 ,

Rs.47.5 and Rs.49.90 . SL at Rs.40
(Intraday and Delivery)

Buy TVS Srichakra CMP.Rs235 . (intraday) SL at Rs.225

Buy TRF CMP . Rs.917 , with a target of Rs.965 and a very

strict SL of Rs.897 (intraday & delivery) ---- We Do not have

any positions in this stock, neither do any of our client(s).

Buy Torrent Power Cmp. Rs.304 , targets Rs.310 , Rs.312 ,

and 319.90 , Stop loss at Rs.300 (Intraday & delivery)

Buy Time Technology CMP. Rs.47.30 , with Stop loss of

Rs.46.60 and a target of Rs.50 and Rs.52(intraday & delivery)

Buy Themis Medicare Cmp.Rs.189.6 , this stock had very

strong buying pressure yesterday, which had opened early

morning at Rs.175 just above the 50 day moving average and

touched a high of Rs.194 , this stock looks like a breakout and

since it has been trading in a range from 170 to 190 since

January 2010 , we are looking at an upside of Rs.190 and

above for tomorrow, we are very likely to break above this level

of Rs.200 . (We do not have any positions in this stock ,

neither do our client(s) )

Buy Tata Tea , Cmp. Rs.978 with targets of Rs.990 and

Rs.1025 (Delivery Based & Intraday) Maintain a Stop loss of

Rs.957 , major support lies at Rs.932

Buy Tata Sponge above Rs.346 Cmp.Rs.343 , with a target

price of Rs.356 and rs.375 (Intraday and delivery)

Buy Tata Metaliks Target Rs.165 (Intraday Only)

Buy Surya Pharma (Possible breakout today)
Cmp.Rs.166 , buy at current market price , sell at new high's
maintain a stop loss of Rs.160

Buy Supreme Infra Above Rs.180.70 , with targets of Rs. 187

and Rs.195 (Intraday & delivery)
Intraday Traders can book profits at Rs.183 from buying at

CMP.

Buy Sunflag iron , CMP Rs.30.95 , with targets of Rs.32
(intraday & delivery)

Buy Spice Telecommunication Above Rs.60.70 , with targets

of Rs.68 , SL at Rs.57

Buy Simplex Project Cmp Rs.210 , with a target of Rs.228 and

Rs.310
Maintain a very strict stop loss of Rs.210 only.

Below Rs.210 stock May go down towards 182.
this stock does not have any volume and is an operator based

script, together! we can bring it up!

Buy Renaissance Jewellery CMP Rs.74 , SL at Rs.72.25 and target of Rs.80 (Intraday only)

All Recommendations were succesful!

2010-03-04T19:52:00.000+05:30

These calls were given on the 2nd of March 2010!

Stocks Mentioned and recommended for buying on the 2nd March 2010 have moved up more than 5% each !

The current rates according to 4th march 2010 into % are mentioned Below.

Sterlite Bio Moved up by 11%

Shilpa Medicals Moved up by 7%

Siemens Moved up by 6%

Simplex Infra Moved up by 7%

Solar Industries moved up by 6%

Ruchi Soya moved up by 6%

Patni Computers moved up by 6%

PVR has moved up by 4%

SMS Pharma has moved up by 11%

SoftPro has moved up by 2%

Sudarshan Chemicals has moved up by 4%

Tata Steel has moved up by 6%

ICICI bank moved up by 3%

Star paper has moved up by 10%

Sunpharma has moved up by 5%

Unicable has moved up by 6%

Trigyntech Is still at the recommended Price .

Wanbury Has moved up by 9%

Congratulations to those who've followed our tips
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These stocks were filtered from pure technical analysis, which include analysis of Rate of Change, Volume, Price action , pivot levels and support's and resistances.

Stocks recommended should have their stop loss and target price considered .

for Intraday traders , besides each stock you will see (Intraday) Marked along with Stops and targets for each stock .

Keep visiting Http://tradernomics.blogspot.com For Daily Nifty levels , Hot Stock Picks! and surprising returns on stocks!

Nifty Stock Picks !

2010-03-03T00:57:00.000+05:30

Nifty View :

The budget showed positive results for the markets, it usually acts as a pivot point for long term investors to act upon.
Although the budget had positive results in hand , we still have long positions held in Nifty Stocks with a target of 5036.

Resistance is seen at 5052 , if Broken Nifty can test previous highs , 5100 - 5200 and above .
We are not too optimistic about the breakout towards the previous highs, Nifty might touch 5036 and move downwards towards 4700 and below. Do not keep too many long positions open after nifty touches 5036.

Below are the delivery's which can be bought .

Equity/Delivery Stock Picks

Buy Cambridge Solutions with targets Rs.90 and above , SL at Rs.81
Buy United Spirits with a target of Rs.1700 (A few months)
Buy Carol Info Above Rs.60

Intraday Stocks for the 3rd March 2010.

Buy Sterlite Bio (Intraday)
Buy Punjab National Bank (Intraday)
Buy Marico (Intraday)
Buy Cairn (Intraday & Delivery )
Buy J&K Bank
Buy Elecon With a target of Rs.82 and Above.. book major profits at Rs.82 .
Buy Emco
Buy Gujarat NRE Coke .
Buy RnRl above Rs.64.20

Budget 2010

2010-02-26T01:33:00.000+05:30

Buy Maruti With a Target of Rs.1420 (intraday)
Buy Rajesh Exports with a Stop loss of Rs.98
Buy HPCL with a Stop loss of Rs.353
Buy Hindalco With a stop loss of Rs.152

buy Evinix
buy foursoft
buy network18 with Sl of 102.95
buy ansal housing above Rs.55.55
buy HFCL above Rs.13.85
buy idea with SL at 59.55 and target Rs.63
buy Bartronics with SL 146.7

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Daily Nifty

2010-02-24T05:10:00.000+05:30

24th Feb 2010 : Today we have the gross domestic product Quarterly and yearly for Germany , quarterly statistics show a decline of 0.7% from previous 0.7% with no signs of improvement in the economy, but show a decline of goods and services produced in the country. The GDP data is to be released at 12:30 PM IST will have sudden movements in the Sensex and the Nifty, we would recommend building up positions after the data is released. The decrease in the GDP could worsten the situation in the Asian markets following a stronger US Dollar.

Industrial New orders pending at 3:30 PM , show a decline in the new industrial orders on a monthly basis. from previous 1.6% to constant -1.2%

US equities closed negative yesterday day with the DJIA and the SP500 closing -0.18% and -0.10%
respectively. The European bourses were negative yesterday with the FTSE down -0.11% the DAX and
the CAC closing positive at -0.59% and -0.34% respectively. The NIKKEI and the HSI at the time of
writing is -0.47% and 1.26% respectively.

Therefore, we do not expect the Nifty to break above 5052 anytime soon. The Eur/Usd has been consolidating and might test 1.32 due to the impact of the Recession in Greece . There are rumors that the ECB is planning to give a 25Billion EUR Bailout for Greece, however the EUR is supported with no official confirmations yet.

Our Assumptions based on the Nifty until the budget is released.

Our targets for Nifty are 4904 and 5036 is where we will book profits , 5052 is max nifty could reach.

Below 4757 , we see 4539 .

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Equities For Delivery and Intraday

Please note : (SL = Stop Loss)
(For Intraday traders, I would suggest you book profits {per lot size} on a 2 Rs. Gain .and also that the stocks mentioned below can be traded for an intraday basis for the 24th of Feb only) For Traders/investors wanting to take a delivery on the Stock, keep the Stop loss in Mind and hold the stock until you see gains within a matter of 6-7 day's .
Stocks mentioned can also be held for one week to one month , Targets mentioned for stocks should be strictly considered including their Stop losses.)

unicable SL 76 target 85

wanbury intraday .. SL 69.50 Target 74

trigyntech target 25 (bullish on intraday) for long term delivery book profits above 27.

SUNPHARMA (Bullish) SL 1533 (intraday)

STARPAPER (buy above Rs.32 . with targets 34-38 and 42 ) Intraday and delivery

ICICI Bank Buy above 855 with targets of 880 and 890

Tata Steel Buy with a Target of Rs.600 and Rs.620

sudarshan chemicals target 382 SL 359 (Intraday)

SOFTPRO target 296 and above (Delivery / intraday )

SMS PHARMA (INTRADAY AND DELIVERY) SL 149 . target 170 . and above for delivery
zenithinfo lowest , intraday trade. , for delivery best buying price would be 209.

PVR Buy above Rs.174 targets Rs.190

But Patni computers with targets of Rs.500 (Delivery) (Intraday)

Ruchi soya buy with SL of Rs.92

Buy Solar Industries Sl 413.9

simplex infra targets Rs.450 and Rs.500 SL 400.35

SIEMENS SL 645 target 690 and above.

SHILPA MEDICALS buy above 243 with targets Rs.265

vimta labs , intraday buy (best delivery buy at 21.65)

2010-02-22T07:26:00.001+05:30

Crude Oil: Despite selling pressure in Asian session Friday, crude oil price found support at 77.76 and rallied strongly to as high as 80.1. The black gold ended the day and the week at 79.81, gaining +0.9% on daily and +7.7% on weekly basis.

The dramatic daily reversal was driven by strength in equity markets, supply worries due to a strike in France and escalated tension in Iran.

US headline CPI rose +0.2% m/m (consensus: +0.3%; Dec: +0.1%) in January while core CPI actually contracted -0.1% m/m, for the first time since December 1982, during the month. On annual basis, the headline CPI rose +2.6% (consensus: +2.8%; Dec: +2.7%) while the core added +1.6%. Weaker-than-expected inflation readings indeed eased investors' worries about the Fed's tightening. The market was also relieved after several Fed members, including Chairman Ben Bernanke, New York Fed President William Dudley and St Louis Fed Kames Bullard, reiterated the policy rate will stay low for an extended period.

In a protest against the possible shutdown of a refinery plant, workers at Total's 6 French oil refineries extended a strike Thursday, making some petrol stations running out of fuel in the next few days. Total supplies 53% of oil and gas in France.

Geopolitical tensions between Iran and the western world over nuclear weapons escalated. According to a report from the International Atomic Energy Agency (IAEA), there are concerns about the 'possible existence in Iran of past or current undisclosed activities related to the development of nuclear payload for a missile'. It's highly likely for the UN to import more sanctions on the Iran which rejects accusations that the nation is developing nuclear weapons. Iranian Supreme Leader Ayatollah Ali Khamenei said the US Secretary of State Hillary Clinton is spreading 'lies' by saying Iran is turning into a 'military dictatorship' during her visit to the Persian Gulf. Oil prices historically demonstrated high direct correlation to geopolitical unrests.

Last week's rise in oil price was driven by market sentiment rather than oil-specific fundamentals. In fact, the demand/supply outlook in the energy market remained sluggish. According to the US Energy Department, crude oil inventory surged +3.09 mmb to 334.5 mmb in the week ended February 12, driven by +2.5% surge in imports. Refinery runs surprisingly improved with utilization rising +0.6% to 79.8%. Gasoline stockpile built by 1.62 mmb to 232.1 mmb. Demand plunged -2.8% to 8.521M bpd, reversin the +1.8% gains made in the previous week. On annual basis, current demand level remains -4.3% below last year. Distillate was the only sweet spot with a draw of -2.94 mmb. Imports fell while demand soared +2.5% to 3.787M bpd as extremely cold weather boosted consumption. However, demand remains dismal as it is -13% less the same period last year and -20% below 5-year average.

In coming weeks, central banks' attitudes towards unwinding previous stimulus measures and sovereign debt issues in the Eurozone will continue to be the key factors determining oil prices. In the medium- to long- term, however, whether price can break above recent trading range of 70-80 hinges on the pace of economic recovery.

2010-02-22T07:25:00.001+05:30

Feb 22 will not see much volatility in the markets, Market's may remain range bound on this day ,
We shall see improvements in the markets on the 23rd of Feb, 14:30 IST , Following the data releases for the current assessment- IFO (Germany) and BBA Mortgage approvals showing positive results.
and with the consumer confidence deteriorating in the United States which will result in weakening of the Greenback. The US data seems to be weak on this day depending on the Richmond Fed manufacturing index. The survey including information on shipments, new orders, order backlogs, and inventories conducted by Federal Reserve Bank of Richmond provides information on current activity in the manufacturing sector (mailing 220 business organizations). The industry inflation can been seen from the survey. The survey could show positive results to support the US Dollar.

We also have the crude oil inventories at Previous -0.63 M from 4.72 M on the 2nd of Feb, This would have a big impact on the US Dollar, This report indicates the oil demand and the price volatility. As the oil prices have an impact on worldwide economy, some volatility for the currencies is expected

Nifty Futures and Stock picks!

2010-02-22T06:45:00.000+05:30

Nifty Future Trading levels

First Resistance lies at 4931, while Support lies at 4846 following 4800 , once broken will see last support levels at 4757. Above 4931 Targets are 5002/9 and 5036 .
Volumes would increase prior to the budget which is around the corner.

Equities (Delivery)

Tata Chemicals with support at Rs.289 and target Rs.320 and above.
GoldStone Infra SL Rs.24 target Rs.30
Glenmark Pharma SL 252 (Delivery)
Jet Airways SL 463.8 Target 530
Noida Toll (Buy Above Rs.37 , with a target of Rs.46)
HPCL (Buy and Hold)
Wyeth Labs Target 775 and Above.
Cat Technology (Delivery)

Net Longs in Crude Rallied

2009-12-30T20:17:00.000+05:30

Oil
Crude continued its gradual ascend, while trades remain within a range narrowing gradually through symmetrical triangle pattern, shown in the image above. The limits of this triangle are represented in support 78.20 and resistance 79.30; where this pattern most likely will resume the bullish direction after achieving its resistance level. From here, we expect a bullish direction for today that will start breaching 79.30 and initially target $80.00 per barrel, following 81.00; knowing in fact that chances of this ascend will prevail if 78.20 remain intact.The trading range for today is among the key support at 76.60 and the key resistance at 82.00.
The general trend is to the upside as far as 47.20 remains intact with targets at 85.00.
Support: 78.20, 77.30, 76.60, 75.60, 75.20 Resistance: 79.30, 80.45, 80.80, 82.00, 82.50 Recommendation: Based on the charts and explanations above our opinion is buying oil with the breach of 79.30 targeting 80.80 and stop loss below 79.20, might be appropriate.

our target for oil is $104 USD per barrel.

Daily Tip

2009-12-15T19:38:00.000+05:30

Buy IDFC with SL 149.95 Targets 157.8 , 167 and 169.
Buy Blue Star SL 355 Targets 380 and 399
Buy Emco SL 84.30 Targets 90 and 95
Buy Indo Asian Fusion . Sell at Rs.25 - 26 . it is essential to set a limit order for this stock .

Sell 4900 Put only when Nifty tests 4942.
buy 5000 Call only when Nifty tests 4942.