Inflation may cross 6% by March 2010: RBI

The Reserve Bank of India?s Deputy Governor, KC Chakrabarty comments that it is not the right time to plan an exit from the current stimulus. He adds that the RBI is looking at hiking the hold-to-maturity portfolio cap of banks and sees credit picking up in the next few months.

On inflation:
Wholesale Price Index inflation is seen crossing 6% by March, says Chakrabarty.

Seconding his stance, Atsi Sheth, Chief Economist, Reliance Equities, too, sees inflation at 4% by December and 6% by March 2010. "Rise in inflation was driven by higher food prices," she adds.

After remaining in the negative for 13 weeks, inflation for the week-ended September 5 came in at 0.12% versus minus 0.12%. However, the prices of daily basic necessities have increased drastically year on year (YoY) basis.

Market Outlook and Tips for 15th Sept,09

On Monday, the 14th September, the markets opened on a weak note and traded in a range bound manner with extreme volatility and choppiness as a result of weak confidence among the bulls after the opening with continuous phases of buying and selling in the market further worsened by the selling pressure.

During the whole session, the NIFTY kept hovering above and below the 4800 mark, with support seen at 4787 mark.

The NIFTY traded with extreme volatility above the 4800 levels, followed by repeated rounds of buying and profit booking witnessed at every dip and upside, and kept trading in a directionless manner due to lack of confidence among the traders and cautious approach on the part of investors.

The Nifty finally closed at 4808.60 losing 21 points or 0.43 %.

Market Outlook for 15th Sept, 2009:
The Intraday Support for the market shall be 4762 & 4718 while the market will experience resistance at 4849 & 4889.

Intraday Tips for 15th Sept, 2009:

Buy NIFTYabove 4834 with a Stop Loss of 4784

Sell NIFTY below 4784 with a Stop Loss of 4834

Market Outlook and Tips for 14th Sept 2009

On Friday, the 11th September, 2009, the markets opened on a positive note backed by the global cues but soon shed all its early gains and turned extremely volatile and choppy after the opening trade. The Markets kept hovering into the positive and negative territory for the entire day assisted by continuous rounds of buying and selling.

The buying and profit booking kept coming in with every dip and upside, and kept trading zig-zag confused manner due to lack of confidence among the bulls and cautious approach on the part of investors.

At the end of the session, the Nifty finally closed at 4829.55 gaining 10 points or 0.21 %

Market Outlook for 14th Sept, 2009:

The Intraday Support for the market shall be 4782 & 4749 while the market will experience resistance at 4865 & 4917.

Intraday Tips for 14th Sept, 2009:

Buy NIFTY above 4855 with a Stop Loss of 4806

Sell NIFTY below 4802 with a Stop Loss of 4860.

Market Outlook and Tips for 11th Sept 2009

Sensex gained 33 points or 0.2% at 16,216 while, Nifty ended flat to shut the shop at 4,819.

On Thursday, the 10th September, 2009, the NSE Nifty managed to hold on to the 4800 levels for the third straight day. The current rally seems to be running out of steam now as both the benchmark indices are witnessing selling at higher levels.

Traders and investors preferred to book some profits as the Nifty inched closer to the 4900 mark. Strong inflows from the FIIs (Foreign Institutional Investors), supported by some local buying have been driving the mark northward since last three consecutive days. But, today the market players chose to stay back because of many factors like drought, rising inflation and Interest rates.

Not only in Indian Markets, there are worries such as tepid consumer spending, high unemployment and hardening commodity prices for the global markets too.

Today the inflation numbers also came in. India’s inflation for the week ended August 29 came out to be -0.12% as against -0.21% in the previous week. The Market expected inflation to come in at -0.09%.

At the end of the session, the Nifty ended almost flat to shut the shop at 4819.

Trading Strategy for 11th Sept, 2009:

Buy NIFTY at 4855 with a Stop Loss of 4832 for a target of 4870 & 4898.
Sell NIFTY at 4811 with a Stop Loss of 4844 for a Target of 4782 & 4763.

Intraday Tips for 11th Sept, 2009:

Buy Educomp at 4265 with a Stop Loss of 4225 for a target 4303 & 4359.

Buy Jindal Steel & Power at 3502 with a Stop Loss of 3472 for a target of 3533 & 3561.

Market Outlook and Tips for 10th Sept 2009

On Wednesday, the 9th September, 2009, the markets opened flat and turned out to be extremely volatile and choppy right after the opening, hovering into the positive and negative territory for the entire session of trade.

The Nifty traded with extreme volatility around the 4800 levels, followed by repeated buying and profit booking with every dip and upside, and kept trading in a direction-less trend due to lack of confidence among the bulls after witnessing the pitfalls of the year 2008.

The Nifty finally closed almost flat at 4814.25 gaining 9 points or 0.19 %

Market Outlook for 10th Sept, 2009:

The Intraday Support for the market shall be 4781 & 4742 while the market will experience resistance at 4847 & 4892.

Trading Strategy for 10th Sept, 2009:

Buy NIFTY above 4833 with a Stop Loss of 4794

Sell NIFTY below 4794 with a Stop Loss of 4833

Market Outlook and Tips for 9th Sept 2009

On Tuesday, the 8th Sptember, 2009, the markets opened on a positive note backed by positive cues from the peer Asian markets and turned extremely choppy later after the opening.

The Markets traded with volatility during the entire day's session, followed by buying coming in at every downside with investors coming in at lower levels and profit booking at every upside.

Metals, Oil & Gas, Capital Goods, Banking stocks were on the gaining side while selling pressure was witnessed at the counters for FMCG, Auto, Pharma and IT stocks.

At the end of the session, the Nifty Index finally closed at 4805.25 gaining 22 points or 0.47 %

Market Outlook for 9th Sep, 2009:

The Intraday Support for the Nifty shall be 4755 & 4716 while it will experience stiff resistance at the levels of 4849 & 4896.

Trading Strategy for 9th Sep, 2009:

NIFTY

Buy above 4830 with a Stop Loss of 4765

Sell below 4775 with a Stop Loss of 4835

Market Outlook and Tips for 8th Sept 2009

On Monday, the 7th September, 2009 the markets opened on a positive note backed by the positive cues from the global markets and continued the upward movement on sustained buying across all the counters.

Further, the strong European markets also lifted the investor confidence and the markets continued to move up.

Realty, Metal, Bank, Consumer Durable, Auto, Tech, PSU and Capital Goods stocks witnessed most of the buying in the days trade.

At the end of the session the Nifty finally closed at 4782.90 gaining 102 points or 2.19 %.

Trading Strategy for 8 Sep, 2009:

The Intraday Support for the market shall be 4735 & 4686 while the market will experience resistance at 4824 & 4865.

The Best Strategy shall be to:

Buy above 4804 with a Stop Loss of 4758

Sell below 4758 with a Stop Loss of 4804

Intraday Tips for 8th September, 2009:

BHARTIARTL : Buy above 422 with a Stop Loss of 417 for targets of 434,439

Or if trades below 409 Short BHARTIARTL SL 416 Targets 397,391

RELCAPITAL : Buy above 924 sl 919 Targets 934,938 Or if trades below 913 Short RELCAPITAL SL 918 Targets 903,899

Market Outlook and Tips for 7th Sept 2009

On Friday, the 4th September, the markets opened on a positive note backed by the mixed cues from the global markets but soon volatile the situation turned volatile until the buying came in at the lower levels which helped the markets to sharply surge up.

Further wirh the strong opening of the European markets investor sentiments got boosted up and strong buying came into the markets during the mid session.

The strong buying continued mainly across the Auto, Metal, Oil & Gas and Capital Goods stocks.

At the end of the session, the Nifty finally closed at 4680.40 gaining 87 points or 1.89 %.

Market Outlook for 7th Sept, 2009:

The Intraday Support for Nifty shall be 4634 & 4580 while the market will experience resistance at 4724 & 4760.

Trading Strategy:-

Buy NIFTY above 4705 with a Stop Loss of 4658
Sell below 4655 with a Stop Loss of 4707.

Market Outlook and Tips for 3rd Sep 2009

On Wednesday, the 02nd September, 2009, the markets opened on the weaker side backed by the negative cues received from the global markets but soon after that, buying came in as the investor interest arose at the lower levels which helped the markets to recover from the opening losses and surged into the positive territory. Soon after this markets traded in an extreme choppy fashion for the entire session hovering into the negative and positive territory from time to time.

Weak European & Asian markets also added to the negative sentiments and dragged down the markets further and at the end of the day managed to recover from the earlier day's lows and ended in the marginally negative side.

Selling pressure was witnessed among the Realty, Capital Goods, Power and Auto stocks.

At the end of the session the Nifty finally closed at 4608.35 losing 17 points or 0.37 %

Market Outlook for 3rd Sep, 2009:

The Intraday Support for the market shall be 4560 & 4525 while the market will experience resistance at 4659 & 4700.

Intraday Trading Tips for 3rd Sep, 2009:

Buy NTPC above 207 with a Stop Loss of 205 for a target of 211.

Buy AMBUJACEM above 98 with a Stop Loss of 97.50 for a target of 101.

Sell NALCO below 328 with a Stop Loss of 333 for a target of 323.

Sell MARUTI below 1498 with a Stop Loss of 1517 for target of 1471.

Intraday Trading Tips for 2nd Sep, 2009:

SUZLON Buy Above 95 SL 93 Target 97 Target Achieved
BHEL Sell Below 2255 SL 2280 Target 2220 Target Achieved

Market Outlook and Tips for 2nd Sep 2009

On Tuesday, the 1st September, 2009, the markets opened positive backed by the firm cues from the Asian Markets as a result of which the Markets traded higher putting on fair gains during the early part of the day before the profit booking came in later at the higher levels.

The Weak European markets also added load and dragged the sentiments in the negative area during the second half in the day's session and leading the markets to lose all its early trade gains to slip deep into the reds.

The selling pressure from the investors was mainly seen in the Realty, Power, Pharma and Capital Goods sectors.

The Nifty faced resistance above 4712 mark while it experienced support at 4618 levels.

Nifty finally closed at 4625.35 to end the session losing 37 points or 0.79 %

Market Outlook for 2nd Sep, 2009:

The Intraday Support for the Nifty shall be 4570 & 4530 while the market will experience resistance at 4674 & 4720.

Intraday Trading Tips for 2nd Sep, 2009:

Buy SUZLON above 95 with a Stop Loss of 93 for a target of 97.
Buy TATA STEEL above 418 with a Stop Loss of 413 for a target of 429.

Sell IDEA below 78 with a Stop Loss of 81 for a target of 76.
Sell BHEL below 2255 with a Stop Loss of 2280 for a target of 2220.

Market Outlook and Tips for 01st Sep 2009

On Monday, the 31st of August, 2009, the markets opened with gap down opening backed by the negative cues from the Asian Markets and the selling pressure due to the negative sentiments in the market further dragged the markets down.

The Nifty experienced support at 4647 and smartly managed to recover from day's lows to end the day marginally above the met days lows.

Nifty finally closed at 4662 losing 70 points or 1.48 % approx.

Intraday Support for the market shall be 4618 & 4574 while the market will experience resistance at 4712 & 4753.

Trading Strategy for 1 Sep, 2009:

Buy NTPC above 212 with a Stop Loss of 209 for a target of 217.

Buy TATA STEEL above 426 with a Stop Loss of 421 for target of 435.

Sell IDEA below 81 with a Stop Loss of 82 for a target of 78.

Sell BPCL below 505 with a Stop Loss of 510 for a target of 496.

Market Outlook and Tips for 17th August 2009

On Friday, 14th August, 2009, the markets closed weak after a day long volatility amidst profit booking after previous days rally.

The Nifty traded extremely volatile within the range of 4561 and 4615 with support at 4560 and resistance at 4610

Nifty finally closed at 4580.05 losing 25 points or approx. 0.54 %

The Intraday Support for the Nifty shall be 4530 & 4488 which the resistance can be seen at 4630 & 4674.

Trading Tips for 17th Aug, 2009:

Buy BHEL above 2210 with a Stop Loss of 2190 for a target 2248.

Buy NTPC above 208 with a Stop Loss of 204 for Target 211

Sell ACC below 827 with a Stop Loss of 833 for a Target 810.

Sell ONGC below 1215 with a stop Loss of 1226 for a Target 1191.

Market Outlook and Tips for 13th August 2009

On Wednesday 12th August, 2009, the markets saw strong buying at lower levels after opening weak and initially going below 4300 levels. Aggressive buying pulled the markets up as the investors made entry at lower levels below 4300.

As predicted yesterday (Stock Advice and Market Outlook for 12th August 2009), for nifty 4385 proved to be the intraday support and though it slipped below it for some time but witnessed heavy buying at those levels.

To end the day, Nifty finally closed at 4457.50 losing 14 points or approximately 0.31 %

In today's session, the following targets were achieved as per Our Call:

BHEL No Profit No Loss
NTPC No Profit No Loss
SUZLON Target Achieved
MARUTI Target Achieved
ACC Target Achieved
AMBUJA CEMENT Call Failed

Trading Tips for 13th August, 2009:

Buy Tips:

Buy TATA STEEL above 445 with a Stop Loss of 441 for a target of 452

Buy NTPC above 211 with a Stop Loss of 206 for target of 212

Buy SUZLON above 86 with a Stop Loss of 84 for a target 89

Sell Tips:

Sell BHARTI AIRTEL below 403 with a Stop Loss of 407 for a target of 396

Sell ACC below 824 with a Stop Loss of 833 for a target of 810

Sell UNITECH below 88 with a Stop Loss of 88 for a Target 84.

Stock Advice and Market Outlook for 12th August 2009

On Tuesday, 11th August, 2009, the markets witnessed strong buying at lower levels after opening flat in the early trades. Aggressive buying pulled the markets back to a somewhat high level after a free fall in the last 3 consecutive sessions of trade as the investors made entry at very attractive lower levels.

As predicted in the yesterday' article (Stock Advice and Market Outlook for 11th August 2009), 4387 proved to be the intraday support for the nifty and 4494 came out to be the intraday resistance for the market.

Nifty finally closed at 4471.35 gaining 34 points or approximaltely 0.76 %

We proudly say that in today's session, the following targets were achieved as per Our Call:

ABAN Offshore Target Achieved
AXIS BANK Target Achieved
SUZLON Energy Target Achieved
ICICI BANK Target Achieved
AMBUJA CEMENT Target Achieved

Trading Tips for 12th Aug, 2009

If Nifty Trades above 4488 then Buy:

Buy ABAN Offshore above 1080 with a Stop Loss of 1065 for a target of 1120.

Buy BHEL above 2157 with a Stop Loss of 2134 for a target of 2202.

Buy NTPC above 209 with a Stop Loss of 206 for a target of 213.

Buy SUZLON above 85 with a Stop Loss of 82 for a target of 87.

If Nifty Trades below 4452 then Sell:

Sell MARUTI below 1286 with a Stop Loss of 1306 for a target of 1267.

Sell ACC below 814 with a Stop Loss of 823 for target of 801.

Sell AMBUJA CEMENT below 98 with a Stop Loss of 100 for a target of 96

Stock Advice and Market Outlook for 11th August 2009

On Monday, 10th August 2009, the markets witnessed extreme volatility aided by heavy selling pressure across all the counters. Intense profit booking on a positive opening and huge selling by FIIs (Foreign Institutional Investors) on poor monsoon expectations pulled the markets down.

As predicted yesterday 4432 proved to be the intraday support for the Nifty and 4542 proved to be the intraday resistance for Nifty.

Nifty finally closed at 4437.65 losing 44 points or approximately 0.98 %

Intraday Support for the market shall be 4385 & 4340 while the market will experience a resistance at 4490 & 4530.

Trading Tips for 11th Aug, 2009:

If Nifty Trades above 4455 then Buy-

Buy ABAN Offshore above 1040 with a Stop Loss of 1022 for a target of 1090.

Buy BHEL above 2158 with a Stop Loss of 2135 for a target of 2200.

BuyAXIS BANK above 846 with a Stop Loss of 840 for a Target of 865

Buy SUZLON above 81 with a Stop Loss of 81 for a Target 85

If Nifty Trades below 4415 then Sell-

Sell MARUTI below 1240 with a Stop Loss of 1255 for a Target of 1218.

Sell ICICI BANK below 714 with a Stop Loss of 723 for a Target 704.

Sell AMBUJA CEMENT below 98 with a Stop Loss of 102 for a Target of 96

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Stock Advice and Market Analysis for 10th August 2009

On Friday, 7th August 2009, the markets witnessed heavy selling pressure across all the counters, with the worries over poor monsoons this year across the country.

4480 proved to be the intraday support for the Nifty.

Nifty finally closed at 4481.40 after losing 104 points or approx. 2.27 %.

Intraday Support for the market shall be between 4432 and 4385 while the resistance can be seen at 4542 & 4588.

Best Strategy for the day shall be to:-

Buy above 4505 with a Stop Loss of 4450.

Sell below 4460 with Stop Loss of 4510.

Trading Tips for 10th Aug, 2009:

If Nifty Trades above 4506 then Buy

Buy BHEL above 2192 with a Stop Loss of 2165 for a Target of 2235.

Buy AXIS BANK above 821 with a Stop Loss of 811 for a Target 831.

Buy GAIL above 322 with a Stop Loss of 317 for a Target of 326.

If Nifty Trades below 4458 then Sell

Sell MARUTI below 1285 with a Stop Loss of 1302 for a Target of 1264.

Sell ICICI BANK below 733 with a Stop Loss of 743 for a Target of 722.

Sell RCOM below 392 with a Stop Loss of 393 for a Target of 383.

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Stock Advice and Market Analysis for 04 August 2009

The US markets have ended higher in the last trading session.
European markets showed the same behaviour by ending in the green.
The Asian Markets have opened Positive.

After a good start to the week yesterday when the market closed just near to the 16,000 mark, today we can expect the Indian Markets to open positive (Higher) further and cross the 16,000 barrier today.

The support for the Sensex is 15800 and the logical technical target is at 16050-16500.

Nifty: (4711) the support for the Nifty is at 4620 and logical technical target at 4795-4930

Day Trading Tips:

NTPC : Buy above 218 for targets of 222 and 225. SL of 215

RNRL : Buy above 84.10 for targets of 85.50 and 86.90. SL of 83.25

Praj Ind : Buy above 100.10 for targets of 102.50 and 104.10. SL of 99.20

Aban Offshore : Buy close to 1110.50 for targets of 1150.00 and 1170. SL of 1070.50

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