Fresh buy recommended in
NIFTY buy between 7930-7990 tgt 8181-8400
ARVIND Mills buy between 298-301 tgt 344-360-380
TVSMotors buy between 200-212 tgt 228-248-260
McDowell lready in decent gains , hold ffor fpositional targets already given.
Our favorites CanBank, SBI, Tata Steel, PNB hold for positional targets already given , keep trading half quantity .
Index PCR 0.92 NIFTY PCR 0.92 !!!!
FII Activity for the Past Week
India VIX: 12.3650 -0.15 -1.22%
NIFTY PCR Current Month:1.15
Index PCR: 1.0
Highest Open Interest in NIFTY
Call : 8300(6667550) CE Put : 8000 PE(8425850)
Data Points of the Past Week
- July IIP at 0.5% versus 3.4% in June
- August CPI dips marginally to 7.8%
- US Federal Reserve’s monetary policy review – Wednesday
- CPI inflation in early trade on Monday
- WPI inflation data
NSE from tomorrow is adding 5 new f&o counters. Following is the list
Sr.No Name of the Security Symbol Lot Size
1 EICHER MOTORS LIMITED EICHERMOT 125
2 MINDTREE LIMITED MINDTREE 250
3 MOTHERSON SUMI SYSTEMS LIMITED MOTHERSUMI 1000
4 SKS MICROFINANCE LIMITED SKSMICRO 1000
5 TVS MOTOR COMPANY LIMITED TVSMOTOR 2000
For all recommendation must keep in mind markets are not going to be as simple as that of Mar-May one way rally.
Rate Outlook : Though any rate cut is unexpected Rajan may bring surprise 25 bps cut in CRR/Repo Rate
We have recommended buy in Bank NIFTY @15300 lvl for tgt 15550-15680
Option Bet : Bank NIFTY 16000 CE tgt 210-330
NIFTY: 7660 given earlier is a crucial pivot on closing basis. Very short term tgt 8841+ ;bias positive (from where to start will be crucial for real gains)
PNB buy tgt 988-1033-1088
SBI buy tgt 2528-2588-2750
RelCapital accumulate for tgt 680-748-810 in coming days and keep trading few qty in declines
ABIRLANUVO hold for 1800+(Already given on twitter)
Market Outlook for Coming days
We have seen spectacular rally(Feb-June) as was told well in advance and now markets have digested and capitulated well in the last one-two months. Moving forward we are seeing decent opportunity ahead till Diwali 14 at least 1000“tradable” NIFTY points in Aug-Oct timeframe . The major difference this time will be opportunity available in Options and good volatility in commodities too. In the last run-up (feb-june election time) not much was available as “tradable” option opportunity , but this time its good for options too.
For trading the upcoming market opportunity we are offering Diwali Special package for interested candidates. For details fill your details below or visit:Diwali Special
NIFTY buy range above 7660 tgt 8100-8400
There are two scenarios :
1.Pre-budget spike till 7900+ – in that case better exit ur holdings and take rest for till Aug
2.Post –budget secular rally : NIFTY holding 7660 by the time of budget and trading in range 7660-7850 will give further secular rally uptill 8100-8400 levels with stocks performing .
CANARA Bank (424-430) buy tgt 488-522-580
JPASSOCIAT (66-68) buy tgt 84-105
UNITECH (28-29) buy tgt 38-44-48
RELCAPITAL (600-610) buy tgt 680-748-810
Serious traders may join our profit share service . No advance
For Details mail to firstname.lastname@example.org WhatsApp(only): 9431813147
Hope you people followed the warning I gave ( https://www.facebook.com/photo.php?fbid=609781549059215&set=a.145866655450709.21344.117265118310863&type=1&fref=nf ) on our FB page and Twitter .
Now the time has come for using the energy conserved.
Our Market Outlook For till Mid-June :
Index Outlook :
NIFTY Positional Buy in 6175-6275 range with tgt 6800-7200-7700 SL closing basis 6100.
Though our target seems exorbitant it is yet to be seen that even after achieving the targets ‘option buyers ‘ esp Index Option buyers will make same kind of money as that of future . Our inclination is that “this should be future traders market rather than option traders “ ; though this is prelim expectation which might change but still even after having bullish outlook with huge movement expected I suggest cherry picking options and better go with stock options rather than index options.
Those planning to buy just b4 election results might be disappointed this time as its not 2009 its 2014
Few stocks selection :
· JPASSOCIAT(38-40) buy tgt 54-66-74
· UNITECH (11-12) buy tgt 17.5-22-28
· ADANI ENTERPRISES (250-260) buy tgt 288-360-480
· SBI (1475-1520) buy tgt 1788-1920-2220-2600
The list is long and for those who are serious to play the upcoming ride may join our election special : http://valuecm.com/elections14.htm
Writing after long break as THERE IS A DECENT OPPORTUNITY I am seeing in the markets after the current meltdown.
Major Support at: 5248 Buy NIFTY or 5400 Call Aug with stop @5248 for target 5460 – 5548
Stocks to Buy : Tata Steel , HINDALCO and Raxbaxy
USDINR is overheated now . Short @65.5(when it goes there) with SL 66 tgt 63.8– 61.2
NIFTY is a buy CMP spot 5278 and is a buy in future with sl 5211 spot on closing basis for the target of 5333—5373–5423(in future).
STOCKS TO WATCH:
SBIN: sl 2072 tgt 2222
TATA STEEL: Cmp 464 sl 444 tgt 478—486–499
HINDALO: Cmp 129 sl 124 tgt 136
RELINFRA RELCAPITAL is a buy on every dips..
RCOMis now a great investment pick cmp 84 tgt 142—-208 (12 month tgt)
More to come…..