My Investment Picks

On the day of expiry the market traded calmly and within a very narow range . It slipped down in the afternoon session and closed down for the first time in last 3 days, marginally below the psychological level of 5000.Profit booking was seen on many counters and general mood is of cautious.

Most of the major sectors ended flat. Market breadth was also negative.Banks , IT, Realty sectors showed strength in the first half but the choppiness of the late trading session saw most of the stocks shedding their gains.

Going forward we may see Nifty trading in a narrow range of 4900-5100 before it takes out a clear short term direction.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

It was a good rally we witnessed on Friday. Overall sentiment was boosted up by the more than expected result shown by Bharti airtel.Nifty was able to close above 5100 after a long wait. Front liners were the out performers.The last hour of the trade also saw action in the momentum stocks of the last rally.Fertilizer sector also saw buying interest.

The next range for Nifty could be 5000-5350.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

It was a good day of consolidation. Nifty had a sideways moves all along the day and closed marginally below 5100. General mood was of cautious on account of declaration of RBI policy tomorrow. Capital goods, Power, Oil and Gas , and IT sectors had a lackluster day. Realty and some select pharma stocks ended in negative.

Going forward 5000 remains a strong support and we may see dip to this level .Nifty is ranged bound for now and 5350 is a strong resistance.Stay invested and don't increase your exposure.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today Nifty surged after the announcement of the credit policy by RBI.Only CRR was hiked Repo and Reverse Repo were not changed.Market took this as positive step and Interest rate sensitive stocks like Realty and Banking surged . Metal , IT and mid cap IT stocks made a good move on account of tax concession extended to IT companies till 2010.

As we had anticipated Nifty is now in a new trading range.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Yesterday was a day of consolidation .The overall mood was of cautious ahead of US Fed meeting and market opened on higher note but closed just flat

Bank , Oil & Gas and Realty sector saw some profit booking.As we have told you earlier the market is in a new trading range and our idea is to trade this range .

Fed has cut the rate by 25 bps and it was expected by the markets.Though US economy may face a slow down this year inflation remains a key area of concern on domestic front.

Going forward 5000 is a key support and 5300 is short term upside for Nifty.Stay invested and do not increase your exposure to more than 70 % of your capital

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DFL CMP 705 SL 655 TGT 790

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

This week was a good week of strength where we saw that markets were able to hold the gains and no panic selling was seen at higher level

This morning we our market opened on positive note on account of good global cues.Both US and Asian market had good rallies.Yesterday stocks from banking , auto , oil & gas and realty sector closed with gains.Market overlooked the higher inflation rate and some stocks from Fmcg sector also surged up.

Going forward 5000 is a key support and 5300-5350 is short term upside for Nifty.

__________________
Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today was a day of consolidation . Nifty faced resistance at 5250 and some profit booking was seen in stocks of auto,consumer durable and IT sector. Both PSU and Private Banks had some good gains today and some realty stocks were able to surge into positive territory. Nifty moved in a narrow range for the day and gave away all its gains during the last hour of trade.Nifty closed marginally below the 5200 level.

Nifty is trading in a range and will move slowly to reach the upper zone of this range and it will test the patience of traders.

Going forward 5000 is a key support and 5300-5350 is short term upside target for Nifty.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today was a day of choppiness . Nifty traded in a range and found support around 5100. however, it surged up in the last hour of trade on account of rupee closing at eight month low . This had a good impact on IT stocks and as a result Nifty was able to recover some of the lost ground .Today realty, power and capital goods sector was hammered down.

Nifty is trading in a range and will move slowly to reach the upper zone of this range and it will test the patience of traders.




BUY ITC LTD CMP 224 SL 215 TGT 235

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

Today we saw a volatile session on account of rising crude price and fall of Rupees against dollar.This resulted in surge in oil exploration stocks and IT stocks.

Sugar stocks also gained , banking, realty and capital goods sector witnessed selling pressure .At the end Nifty closed almost flat

Rising crude prices and inflation remains a key concern area and our view is that Nifty may remain sideways.Going forward 5000 is a key support and 5300-5350 is short term upside target for Nifty.

__________________
Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.

We also expect that if the prevailing conditions like rising crude price , weakness in global market continues Nifty may retest 4900-4950 level.We now take 4900 as Index stop for Nifty . If Nifty closes below this you have to exit from all your positions.

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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.