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 06th FEB 2012 – 10th FEB 2012

MARKET OUTLOOK FOR THE WEEK

 

FII Flow, Global Cues & Q3 results in focus…

 

Massive investment by FII’S about Rs.14000cr in first two months of 2012 comparing to their net take out of Rs.26000cr in Jan-Dec 2011 given a strong base for Indian markets…

 

Better than expected employment data and increase in consumer confidence were given a boost up to U.S. markets… Same as Greek’s agreement with private creditors on debt issue also factored in a massive spurt to EURO markets on Friday… Greece also in final verdict with EURO UNION and International Monitory Fund to get more funds…

 

In Domestic front, courts verdict on Home Minister’s (Former FM) role in 2G spectrum allocation scam case will be the game changer… While important assembly elections (like U.P) are going on, any unfavorable judgment to Home Minister will give a beat to ruling Congress Govt. as well it will result in many changes in political level and it could give severe impact on markets too…

 

Q3 results of industry majors like ACC, BHARTI, BPCL, HINDALCO, HPCL, HUL, M&M, ONGC, SBIN, TECHM and TATAPOWER are still pending to hit street… The numbers and the outlook by these companies could trigger further move…

 

Finally, all the factors are in favor of bulls in the beginning of next week (including U.S. and Euro Zone), but 2G related political developments to be noted carefully…

 

Technically we expect this rally may continue for a while, only if Nifty Spot able to holds above 5271-5337 levels…

 

SENSEX 17605

 

TECHNICAL VIEW (Week 06.02.12 – 10.02.12):

 

This week 17307 & 17094 will act as “KEY LEVELS” – if it maintains above 17307 or maintains below 17094 levels will decide the trend of market in next week…

 

SUPPORTS: 17424, 17277, 17070 & 16921…

RESISTANCES: 17643, 17826, 17961 & 18168…

 

SENSEX FOR THE DAY 06.02.12:

 

Today, if SENSEX maintains above 17643 will give upside target of 17826-17893 levels… Or else it may slide up to 17352-17277 levels…

 

SUPPORTS: 17511, 17424, 17352 & 17277…

RESISTANCES: 17643, 17754, 17826 & 17893…

 

NIFTY 5325

 

TECHNICAL VIEW (Week 06.02.12 – 10.02.12):

 

This week 5337 & 5271 will act as “KEY LEVELS” – if it maintains above 5337 or maintains below 5271 levels will decide the trend of market in this week…

 

SUPPORTS: 5271, 5226, 5163 & 5118…

RESISTANCES: 5337, 5391, 5433 & 5496…

 

NIFTY FOR THE DAY 06.02.12:

 

Today, if NIFTY maintains above 5337 levels – then it will give upside target of 5392-5412 levels… Otherwise it may slide up to 5252-5226 levels…

 

SUPPORTS: 5293, 5271, 5252 & 5226…

RESISTANCES: 5337, 5370, 5391 & 5412…

 

WEEKLY TRADING PICKS (06th FEB – 10th FEB 2012)

SCRIP

CLOSE

SUPPORTS

RESISTANCES

 

 

 

 

ABAN

545

540,523

585,600 ABV 564

AXISBANK

1090

1053,1032

1152,1193 ABV 1108

BHARTI

386

374,365

411,420

CIPLA

344

341,338

356,363

DIVIS

781

774,765

825,846 ABV 798

DLF

229

223,216

252,267

HDFC

696

684,671

713,730

HINDALCO

152

149,144

162,171

HPCL

286

280,273

303,320

ICICIBANK

915

893,876

960,995 ABV 923

INFY

2778

2752,2727

2839,2894

ITC

200

197,194

212,217

JSWSTEEL

707

690,675

747,780 ABV 720

LIC

261

253,248

280,291 ABV 264

MARUTI

1235

1204,1183

1287,1320

ONGC

281

277,272

290,297

RELCAPITAL

373

356,335

411,432 ABV 382

RELIANCE

836

825,814

860,885 ABV 843

RELINFRA

554

532,513

585,600 ABV 564

SBIN

2106

2071,2030

2184,2235 ABV 2120

SESAGOA

229

222,217

243,250

SUNPHARMA

556

537,524

590,615 ABV 558

TATAMOTORS

246

240,235

261,276

TATASTEEL

464

459,450

480,495

TCS

1168

1152,1125

1207,1226 ABV 1185

TECHM

651

643,630

676,695

YESBANK

343

336,329

369,388 ABV 349

 

 

 

 

 

LAST WEEK HIT CALLS (30-Jan to 03-Feb)

 

1. BUY JUBLFOOD FUT @ 875 (24.01.2012) BOOKED @ 915 (31.01.2012)…

2. BUY JET FUT @ 250 (24.01.2012) BOOKED 100% @ 272 (02.02.2012)…

3. BUY AUROPHARMA FUT @ 103 (24.01.2012) BOOKED 100% @ 120 (02.02.2012)…

4. BUY TECHM FUT @ 623 (25.01.2012) BOOKED @ 660 (31.01.2012)…

5. BUY SINTEX FUT @ 78 (25.01.2012) BOOKED @ 92 (02.02.2012)…

6. BUY EXIDE FUT @ 132 (27.01.2012) BOOKED 50% @ 139 (02.02.2012)…

7. BUY M&M FUT @ 700 (27.01.2012) AND AGAIN @ 685 (30.01.2012) BOOKED 50% @ 720 (03.02.2012)…

8. SELL APIL FUT @ 360 (27.01.2012) BOOKED @ 328 (31.01.2012)…

9. BUY IBREALEST 70PE @ 3.50 (27.01.2012) BOOKED @ 6 (30.01.2012)…

10. SELL TATASTEEL FUT @ 455 AND BOOKED 50% @ 440 (30.01.2012)… BOOKED 100% @ 432 (31.01.2012)…

11. SELL HINDOILEXP FUT @ 120 AND BOOKED @ 112 (30.01.2012)…

12. BUY HINDZINC FUT @ 135 (31.01.2012) BOOKED @ 143 (02.02.2012)…

13. BUY HCL FUT @ 435 (31.01.2012) BOOKED 50% @ 460 (02.02.2012)…

14. SELL WELCORP FUT @ 118 (31.01.2012) BOOKED @ 112 (01.02.2012)…

15. SELL ESSAROIL FUT @ 62.50 AND BOOKED 50% @ 60.50 (31.01.2012)…

16. BUY CUMMINS FUT @ 423 (01.02.2012) BOOKED 50% @ 448 (03.02.2012)…

17. BUY CROMTPON 140CE @ 5 AND BOOKED @ 11 (01.02.2012)…

18. BUY SUNTV FUT @ 305 AND BOOKED 50% @ 325 (01.02.2012)…

19. BUY MCDOWELL-N FUT @ 684 (01.02.2012) BOOKED 50% @ 720 (02.02.2012)…

20. BUY BHEL FUT @ 253 (01.02.2012) BOOKED 50% @ 270 (02.02.2012)…

21. BUY BHEL 270CE @ 4.50 (01.02.2012) BOOKED @ 11 (02.02.2012)…

22. BUY STER 120CE @ 5 (01.02.2012) BOOKED @ 10 (02.02.2012)…

23. SELL NIFTY FUT @ 5294 AND BOOKED @ 5237 (02.02.2012)…

24. SELL LT FUT @ 1370 (02.02.2012) BOOKED 50% @ 1340 (03.02.2012)…

25. BUY EDUCOMP 240CE @ 11 (02.02.2012) BOOKED 50% @ 18 (03.02.2012)…

26. BUY IRB FUT @ 176 AND BOOKED @ 179 (02.02.2012)…

27. BUY HDIL FUT @ 81 AND BOOKED 50% @ 83 (03.02.2012)…

 

Please note that here we had given our entry rate and 100% profit booked rates only…For example, entered short in TATASTEEL FUT at 455 on 30-01-2012… Booked 50% profit at 440 on same day and then booked 100% profit at 432 on 31-01-2012…

 

Our clients may have hedged short positions in Nifty, Bank Nifty, Acc, JindalStel, Ranbaxy with longs in Bhel, Cummins, Exide, Hcl, Hdil, M&M, Mcowell-N (Booked Gains Partially)…Loss booked in Voltas Rs.3…

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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.