Market Forecast [ daily updated]

nbmehta19

New member
Market Forecast for 25.06.07

Market witnessed a very volatile session and it remained brutal.. use dips to buy fresh longs...if global markets perform well, indian markets will also follow suit and upper targets are still open..

Today, market will open flat or positive attached with high volatility and mixed bias and remain long above 4260 with SL 4245 for a tgt of 4274-4302. If it breaks and sustain below 4249 keep short with SL 4264 for tgt 4231-4215. Be careful with the positions.it's still not safe to take fresh longs at higher levels now..Please adopt wait, watch, trade and exit policy....
 

nbmehta19

New member
Market Forecast for 28.06.07
The market conditions are very unfavourable to ordinary investors. but the bulls have enough strength to overcome each downfall attack. i still view that stock specific manipulation going on in some counters are not good for a healthy market. today, being the expiry day for the F & O contracts, a highly volatile session is expected. If the market closes above 4300+, one can look forward for a new high in the coming days.

Today, market will open flat attached with high volatility and mixed bias and remain long above 4270 with SL 4245 for a tgt of 4291-4302. If it breaks and sustain below 4275 keep short with SL 4289 for tgt 4254-4231. Be careful with the positions. it's still not safe to take fresh longs at higher levels now..Also, it can be noted that stock specific manipulation is going on in the market and be careful not to get trapped in such stocks.Please adopt wait, watch, trade and exit policy....
 

nbmehta19

New member
BUY
HERO HONDA.....(c)676...(t)684...(st)665
TATA ELXI........(c)339....(t)344....(st)329

SELL
NTPC................(c)150...(t)148....(st)155
SUN PHARMA......(c)1014...(t)1000...(st)1050
HIND ZINC.........(c)704.....(t)696....(st)715

KEEP TRACKING,,AND WATCH..
COMMENTS ARE WELCOME
 

nbmehta19

New member
Try these intraday buy/sell levels and do revert back your views.

Give comments and increase my reputation if u like it...
 

nbmehta19

New member
Market Forecast for 29.06.07
The F & O Rollover went smoothly yesterday without much volatility. But now, it is becoming more clear that one should be very cautious while trading because the market is likely to correct in the coming days upto 4085. if it stays above 4241, there is nothing to panic.

Today, market will open flat or positive attached with volatility and mixed bias and remain long above 4280 with SL 4265 for a tgt of 4302-4312. If it breaks and sustain below 4275 keep short with SL 4289 for tgt 4261-4241. Be careful with the positions. it's still not safe to take fresh longs at higher levels now..Also, it can be noted that stock specific manipulation is going on in the market and be careful not to get trapped in such stocks.Please adopt wait, watch, trade and exit policy.....
 

nbmehta19

New member
NIFTY SCALES PEAK, SENSEX ALMOST THERE

Benchmark indices friday shrugged off global concerns relating to rising crude prices and volatility in the metal market, to end the day in positive territory. While the NSE Nifty breached the 4300-mark to close at an all-time high, the 30-share Sensex came close to striking distance of its previous high.

According to market participants, sectors like cement, sugar and banking were in the limelight while those like capital goods and technology helped maintain sentiments.

Ample liquidity coupled with a good amount of positive news flow led to the equity indices registering new highs. Incidentally, the inflation rate also declined to a 14-month low of 4.03% for the week ended June 16, thereby easing pressure on the central bank to tighten monetary policy. Smooth rollover of positions from the June 2007 series to the July 2007 series in the derivatives segment also helped matters.

For the record, the broader S&P CNX Nifty breached the 4300-mark to end the day at a new all-time high of 4318.30, gaining 36.30 points or 0.85%. This is the first time that the Nifty closed above the 4300-mark. Its earlier high was 4297.05, which was recorded on June 1.

On the other hand, the 30-share Sensex gained 146 points or 1.01% to end the day at 14650.51. This is the second-highest ever closing of the Sensex, which closed at 14,652.09 on February 8. The Sensex hit an all-time intra-day high of 14723.88 on February 9, 2007.

“There is ample liquidity available in the market, which is driving up the indices,” says Jay Prakash Sinha, director & head (research), Ambit Capital Pvt Ltd. “The recent performance of some of the big-ticket public issues clearly state that there is demand for Indian paper. On Friday, cement and banking stocks were clearly the drivers. Sugar and technology stocks were also in the limelight,” he added.

The stock of SBI surged by nearly 4% or Rs 54.95 on Friday to close at Rs 1,525.30. During intra-day trades, the stock also touched a new high of Rs 1,531. In a stock exchange announcement, the bank has said that the entire shareholding of Reserve Bank of India aggregating to 31.43-crore equity shares has been transferred to the central government.

The gains in the SBI counter created a positive sentiment for other banking stocks, too. The BSE Bankex was up by more than 200 points as ICICI Bank, HDFC Bank, Bank of India, PNB, UTI Bank and Bank of Baroda all gained in the range of 3-5% each. Overall, nearly 1,500 stocks gained ground on BSE, against 1,107 losers.

Meanwhile, reports of a financial package for the sugar sector led to stocks like Balrampur Chini, Bajaj Hindusthan, Sakthi Sugars and Dhampur Sugar Mills all gaining considerable ground. Cement counters also continued their northward journey for the second consecutive day.

Overall, nearly 1,500 stocks gained ground on BSE, against 1,107 losers. Apart from BSE Metal, no other index lost ground on Friday. Among the Sensex pack, 22 stocks gained ground.

According to provisional figures, FIIs were net buyers at Rs 558.59 crore in the cash segment on Friday. In the previous three trading sessions, foreign investors sold equities worth more than Rs 1,200 crore.
 

nbmehta19

New member
Market Forecast for 02.07.07

Market witnessed a fresh rally and a close above 4300 shows that the bulls are very much in hold of the situation. But as i am telling, please be cautious at the higher levels.

Tomorrow, market will open flat or positive attached with volatility and mixed bias and remain long above 4312 with SL 4295 for a tgt of 4335-4352. If it breaks and sustain below 4300 keep short with SL 4315 for tgt 4287-4270. Be careful with the positions. it's still not safe to take fresh longs at higher levels now. Traders, trade intraday and mint money............
 

nbmehta19

New member
Market Forecast for 03.07.07
Market again witnessed selling at higher levels and for the time being, the market will be in a rangebound mode and a fresh upward rally may resume after a short break. The bulls are having their final say now and the bears may try to break the rule today.. so be extra cautious in the market.

Today, market will open flat or negative attached with volatility and mixed bias and remain long above 4322 with SL 4301 for a tgt of 4342-4352. If it breaks and sustain below 4315 keep short with SL 4330 for tgt 4298-4278. Be careful with the positions. it's not safe to take fresh longs at higher levels now. Traders, trade intraday and mint money............
 

nbmehta19

New member
Market Forecast for 03.07.07
Market again witnessed selling at higher levels and for the time being, the market will be in a rangebound mode and a fresh upward rally may resume after a short break. The bulls are having their final say now and the bears may try to break the rule today.. so be extra cautious in the market.

Today, market will open flat or negative attached with volatility and mixed bias and remain long above 4322 with SL 4301 for a tgt of 4342-4352. If it breaks and sustain below 4315 keep short with SL 4330 for tgt 4298-4278. Be careful with the positions. it's not safe to take fresh longs at higher levels now. Traders, trade intraday and mint money............
 

nbmehta19

New member
SHORT TERM CALLS (03 JUL - 06 JUL)

Stock . Buy . Target1 . Target2 . Stop loss
Sagar Cement . 129 . 145 . 154 . 122
IVRCL Infra .350-355 . 370 . 382 . 333
 

nbmehta19

New member
MEDIUM TERM CALLS (03 JUL - 06 JUL)

Stock...............Buy.........Target1.........Target2..........Stoploss.
Hotel Leela......Current.........69...................87............No St Loss
Meghmani org.....25.............31...................37...............19
 

nbmehta19

New member
BEST BUY

INDIABULLS REAL EST (BUY) 421(Target1) 426 ( Target 2) 432 (Sl) 407

AIR DECCAN (BUY) 140.6 (Target1) 144 ( Target 2) 147 (Sl) 136

SOBHA DEV (BUY) 928 (Target1) 937 ( Target 2) 943 (Sl) 905
 

nbmehta19

New member
Market Forecast for 11.07.07

Profit booking and shorting at higher levels is seen yesterday ahead of the results of tech major infosys which will be declared today, in anticipation of a market crash. It is not safe to buy fresh longs now as the market is poised for a good correction at any moment. Also dont short blindly in the breakout scrips.

Today, market will open flat or positive and remain long above 4410 with SL 4395 for a tgt of 4430-4451. If it breaks and sustain below 4408 keep short with SL 4427 for tgt 43982-4365. Be careful with the positions and dont sell in panic. Trade wisely....
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