Tuesday, November 23, 2010

DAILY VIEWS ON NIFTY & STOCKS - 23.11.2010 (Tuesday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 5968 against its previous close of 6010, and is currently trading at 5944. It has so far recorded a HIGH of 5968 & a LOW of 5938. Asian cues are negative, US futures are in red, and European markets may open in negative today. The trading range for nF today is likely to be 5900-5970.

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Portfolio Trade

Bought 300 Provogue @ 69.

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Monday, November 22, 2010

DAILY VIEWS ON NIFTY & STOCKS - 22.11.2010 (Monday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 5930 against its previous close of 5890, and is currently trading at 5935. It has so far recorded a HIGh of 5947 & a LOW of 5907. Asian cues are mixed, US futures are just flat, and European markets may open in positive today. The trading range for NF today is likely to be 5900-5960 in a rangebound trade. Nifty is likely to consolidate with 2-3 days of rangebound trade, arrest further fall, before resuming its upward journey in its multi-year bull phase.

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Tuesday, November 16, 2010

DAILY VIEWS ON NIFTY & STOCKS - 16.11.2010 (Tuesday)

Nifty Futures 11am Call


11am: NO NIFTY VIEWS TODAY as I am out of station.

Use the free fall of nifty to catch your choicest stocks at lower prices.

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Portfolio Trade

Bought 100 CEAT Ltd @ 146 under Normal Portfolio.

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I WILL BE BACK ONLY ON 19TH FRIDAY.

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Monday, November 15, 2010

DAILY VIEWS ON NIFTY & STOCKS - 15.11.2010 (Monday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6089 against its previous close of 6091, and is currently trading at 6095. It has so far recorded a HIGH of 6112 & a LOW of 6060. Asian cues are mixed, US futures are in green, and European markets may open little changed today. The trading range for NF today is likely to be 6060-6150.

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Nifty Intraday Trade

2.15pm: Bought nifty at 6077. Target 6130/6140. SL 6059.

2.34pm: Booked out at 6133. Gain 56 points.

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Friday, November 12, 2010

DAILY VIEWS ON NIFTY & STOCKS - 12.11.2010 (Friday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6207 against its previous close of 6232, and is currently trading at 6187. It has so far recorded a HIGH of 6241 & a LOW of 6185. Asian cues are negative, US futures are in deep red, and European markets may open in negative today. Nifty will trade in red for major portion of the session with wide loss, but will recover all its loss, and will close the day near flat. The trading range for NF is likely to be 6150-6250.

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Portfolio Trade

Bought 300 SPICEJET @ 89 under Normal Portfolio.

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Nifty Intraday Trade

12.45pm: Bought nifty at 6129. Hard SL 6119. Target Later.

12.46pm: SL hit at 6119. Loss 10 points.

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SPICE JET HAS FALLEN INTO RIGHT HANDS.

Spicejet, FV 10, CMP 89, 52 Weeks Low 43.50, 52 Weeks High 97.45. Equity 385cr.

The company is all set to clear off the accumulated losses out of share premium on new shares, and also the profits being generated in the operations. The turnover for the last 3 years has seen a consistent 30% growth, and is likely to show a growth of almost 50% for the current year. From a cash loss of more than 100 cr per quarter, the company has now come into quarterly profits, and I exect them to earn a net profit of more than 120 cr for the current year.

The recent change of management by which the company got into financially sound hands of Maran of Sun TV group is an absolute positive for this scrip.

My target for this share is 300 in 3 years. Downward Risk: 15%.

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Thursday, November 11, 2010

DAILY VIEWS ON NIFTY & STOCK - 11.11.2010 (Thursday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6315 against its previous close of 6308, and is currently trading at 6309. It has so far recorded a HIGH of 6321 & a LOW of 6295. Asian cues are mixed, US futures are in red, and European markets may open in positive today. The trading range for NF today is likely to be 6280-6350.

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Nifty Intraday Trade

12.16pm: Bought nifty at 6282. SL 6249. Target 6330/6340.

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Wednesday, November 10, 2010

DAILY VIEWS ON NIFTY & STOCKS - 10.11.2010 (Wednesday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6320 against its previous close of 6333, and is currently trading at 6316. It has so far recorded a HIGH of 6324 & a LOW of 6295. Asian cues are mixed, US futures are just flat, and European markets may open in negative today. The trading range for NF today is likely to be 6260-6330. Nifty consolidation stage continues.

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Short Term Trade Call:

10.50am: BUY Trend Electronics now at 97. Target 125 by 30.11.2010.

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Nifty Intraday Trade:

11.24am: Sold nifty at 6327. Target 6280/6270. SL 6351.

3.29pm: Booked out of nifty at 6308. Gain 19 points.

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