Buy & Sell Daily
BUY & SELL
Author: RAMESH CHANDRA - TAMILNADU
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E-Mail: buysell_india@yahoo.com, buysell_stocktips@yahoo.com
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Fireworks for the week 23rd AUG 2010 - 27th AUG 2010
MARKET OUTLOOK FOR THE WEEK
MARKET CAN SUSTAIN THIS RALLY, ONLY IF GLOBAL CUES & FII’S FLOW SUPPORTS…
Even all global markets tumbling after lower economical data announcement in their countries, our market made a new 52 Week High in this week…
Now we must take a caution note… All markets in negative about 15-30% from their previous years, we are in positive about 20% when comparing with previous year… What ever strength we had, but we must be careful about global market conditions & should monitor FII’s flow closely – if it fails to continue as like now, then we will see setback in our markets too…
The money flow from 3G & BWA auctions, gives a good economical support in long run which gives confidence to FII’s to mobilize their money into our markets… Easing inflation data & Strong GDP growth, Quarterly numbers from corporate also in supportive zone…
Stock Specific moment to continue and even we are in good condition while comparing with other markets, its advisable to hedge our holdings, also need to give up our greedy – book your profits at least step by step and make any new entry with caution note is strongly suggested…
SENSEX 18401
TECHNICAL VIEW (Week 23.08.10 – 27.08.10):
This week 18523 & 18255 will act as “KEY LEVELS” – if it maintains above 18523 or maintains below 18255 levels will decide the trend of market in next week…
SUPPORTS: 18255, 18162, 18047 & 17956…
RESISTANCES: 18523, 18612, 18774 & 18887…
SENSEX FOR THE DAY 23.08.10:
Today, if SENSEX maintains above 18447 will give upside target of 18612-18684 levels… Or else it may slide up to 18162-18109 levels…
SUPPORTS: 18312, 18255, 18162 & 18109…
RESISTANCES: 18447, 18523, 18612 & 18684…
NIFTY 5531
TECHNICAL VIEW (Week 23.08.10 – 27.08.10):
This week 5568 & 5487 will act as “KEY LEVELS” – if it maintains above 5568 or maintains below 5487 levels will decide the trend of market in this week…
SUPPORTS: 5487, 5459, 5424 & 5396…
RESISTANCES: 5568, 5595, 5644 & 5679…
NIFTY FOR THE DAY 23.08.10:
Today, if NIFTY maintains above 5545 levels – then it will give upside target of 5595-5617 levels… Otherwise it may slide up to 5459-5442 levels…
SUPPORTS: 5504, 5487, 5459 & 5442…
RESISTANCES: 5545, 5568, 5595 & 5617…
WHAT WE TRADE & HOLD (09-Aug to 20-Aug):
|
SCRIP |
ENTRY |
SL |
ENTRY |
SAID TGT |
POSITION |
|
|
|
|
|
|
|
|
JINDALSTEL C/F BUY |
630 |
620 |
09-AUG |
645-660 |
BOOKED @ 660 ON 11-AUG |
|
RIL 1000 PA MONTHLY |
20 |
NO SL |
09-AUG |
45-90 |
MADE TOP 40.50 ON 18-AUG |
|
PRAJIND C/F BUY |
77.50 |
76CB |
09-AUG |
81-82 |
BOOKED @ 81.50 ON 17-AUG |
|
PRAJIND 80 CA |
1.20 |
0.70 |
09-AUG |
3-3.60 |
BOOKED @ 2.7 ON 17-AUG |
|
AJMERA DELIVERY |
180 |
160 |
10-AUG |
205-220 |
BOOKED @ 227 ON 19-AUG |
|
BTST PIRHEALTH C/F BUY |
475-480 |
460CB |
10-AUG |
505-510 |
RE-ENTRY MADE TGT ON 17-AUG |
|
CAIRN SHORT |
337 |
341 |
11-AUG |
327-324 |
MADE LOW 330 INTRADAY |
|
SRF WEEKLY BUY |
256 |
245 |
13-AUG |
280-288 |
BOOKED 50% @ 278 ON 20-AUG |
|
UNIPHOS C/F |
187 |
184CB |
13-AUG |
195-200 |
BOOKED 50% @ 197 ON 19-AUG |
|
SHAKTHI PUMPS DELY |
200 |
180 |
13-AUG |
300-330 |
MADE TOP 249.80 ON 19-AUG |
|
LICHOUSING C/F SHORT |
1290 |
1305 |
17-AUG |
1260-1245 |
BOOKED @ 1260 INTRADAY |
|
UCOBANK SHORT |
113 |
115.50 |
18-AUG |
108-105-102 |
MADE LOW OF 109.80 INTRADAY |
|
STER C/F BUY |
159 |
156 |
18-AUG |
167-172-177 |
MADE TOP 162 ON 19-AUG |
|
EDUCOMP C/F BUY POSITIONAL |
580 |
555CB |
19-AUG |
615-630-675 |
HOLDING |
|
RUCHISOYA C/F |
116 |
113CB |
19-AUG |
123-126-131 |
BOOKED 50% @ 120 ON 20-AUG |
|
IDFC C/F |
185 |
182.20 |
20-AUG |
190-195 |
MADE TOP 188.50 |
|
IDFC 190 CA |
1.10 |
0.60 |
20-AUG |
3-6 |
MADE TOP 1.90 |
WHAT WE MADE WITH OUR PREVIOUS HOLDINGS:
|
SCRIP |
ENTRY |
SL |
ENTRY |
SAID TGT |
POSITION |
|
AXISBANK FUT SHORT |
1380 |
1390CB |
23-JUL |
1335-1320-1305 |
BOOKED @ 1300 ON 09-AUG |
|
KFA C/F BUY |
53 |
51CB |
30-JUL |
57-60 |
BOOKED @ 57 ON 19-AUG MADE TOP 63 SAMEDAY. |
|
KFA 55 CA |
1.50 |
0.50CB |
30-JUL |
4-5-6 |
MADE TOP 7.8 ON 20-AUG |
|
VIDEOIND C/F BUY |
216 |
209 |
02-AUG |
235-240 |
BOOKED 100% @ 239 ON 09-AUG |
|
BANKNIFTY SHORT |
10450 |
10475CB |
03-AUG |
10350 |
SL TRIGGERED |
|
MRPL C/F POSITIONAL |
78 |
75 |
03-AUG |
87-90 |
MADE TOP @ 83.55 ON 13-AUG |
|
INFOSYS 2800 PA BUY |
25 |
10 |
04-AUG |
100 |
MADE TOP Rs.80 ON 17-AUG |
|
PIRHEALTH C/F BUY |
480 |
460 |
05-AUG |
540-550 |
MADE TOP 513.40 ON 17-AUG |
|
PIPAVAV |
100-101 |
97 |
05-AUG |
108-115 |
BOOKED 100% @ 117 ON 13-AUG |
|
HUL C/F BUY |
257 |
252 |
05-AUG |
266-275 |
BOOKED 100% @ 268 ON 17-AUG |
|
HUL 260 CA |
3.60 |
NO SL |
05-AUG |
9-12 |
BOOKED @ 9 ON 17-AUG |
|
FORTIS C/F BUY |
156 |
153 |
06-AUG |
165-168 |
BOOKED 50% @ 166 ON 18-AUG |
|
FORTIS 160 CA |
3 |
2.40CB |
06-AUG |
5-7 |
MADE TOP Rs.7 ON 18-AUG |
|
GSPL 110 CA |
2.5-2.7 |
1.80 |
06-AUG |
4-5 |
BOOKED @ 5 ON 10-AUG |
|
JSWSTEEL FUT SHORT |
1130 |
1150 |
06-AUG |
1100-1075 |
EXITED @ 1125 AFTER MADE LOW 1112 ON 09-AUG |
|
TV-18 FUT BUY |
78 |
76 |
06-AUG |
84-87 |
BOOKED @ 84 ON 17-AUG, MADE 90 ON 19-AUG |
|
|
|||||
Note: In the above tables C/F stands for, recommended both Cash and Fut based on client’s trading choice…
Our SL hit Punjlloyd (Rs.3), HDIL C/F (Rs.6), Kotakbank Cash (Rs.7), SBIN Cash (Rs.15), NIFTY 5400 PE (15 POINTS)…
WEEKLY TRADING PICKS (09th AUG – 13th AUG 2010)
|
SCRIP |
CLOSE |
IMMD SUPP |
IMMD RESI |
|
|
|
|
|
|
AXISBANK |
1366 |
1355,1346 |
1384,1397 |
|
BHARTI |
310 |
308,305 |
317,322 |
|
BHEL |
2470 |
2459,2440 |
2493,2512 |
|
CENTURYTEX |
507 |
500,495 |
518,525 |
|
DIVISLAB |
746 |
735,726 |
759,782 |
|
EDUCOMP |
575 |
562,551 |
596,615 |
|
EKC |
118 |
117,114 |
124,127 |
|
FORTIS |
165 |
162,159 |
171,176 |
|
HDFC |
640 |
633,624 |
650,665 |
|
HDFCBANK |
2231 |
2208,2193 |
2245,2260 |
|
HINDALCO |
178 |
175,172 |
186,189 |
|
IDFC |
188 |
186,183 |
195,200 |
|
INFOSYSTCH |
2770 |
2751,2728 |
2796,2821 |
|
JSWSTEEL |
1137 |
1122,1103 |
1155,1174 |
|
L&T |
1869 |
1845,1822 |
1924,1959 |
|
M&M |
618 |
610,597 |
637,654 |
|
ORBITCORP |
138 |
135,132 |
144,149 |
|
RANBAXY |
492 |
486,481 |
501,510 |
|
RCOM |
162.5 |
161,160 |
166,167 |
|
RELIANCE |
988 |
974,957 |
1017,1032 |
|
SAIL |
191 |
189,188 |
196,201 |
|
SESAGOA |
328 |
324,321 |
335,342 |
|
SIEMENS |
707 |
703,696 |
720,735 |
|
STERLITE |
159 |
156,155 |
167,172 |
|
TATASTEEL |
520 |
511,502 |
534,545 |
|
UNIPHOS |
194 |
190,187 |
205,212 |
|
VIDEOIND |
243 |
237,232 |
252,267 |
|
|
|
|
|
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Disclaimer: - All the views in this newsletter about market and stock movement are for information purpose only. Recommendations, opinions, suggestions are given with the understanding that readers acting on the information assume all risks involved. Stock market activities are subject to market risk. These recommendations are on the basis of technical analysis. We are not responsible for loss and profits due to the above-mentioned recommendations. Information is obtained from various sources, which are deemed to be reliable but are not guaranteed as to accuracy and completeness.