Broader outlook and Stocks for June 4th, 2014

Nifty edged higher in a choppy trading session after the RBI announced reduction in SLR by 50 basis points for commercial banks after a monetary policy review, but banks did not move much, but the rally is led by metals. FII were pumping money again for third day and brought bought INR 2977.62 crs and DII Sold INR 148.81 crs

Shorterm Trend
My target of 7450 is very near and I see weakness at this range for 7300 levels. I would not initiate any trade now till we see any indication but see range of 7150 - 7500 till some time. We can only see fresh move either side only if this get breached.

Intraday Levels
I have two plans, plan A is buy Nifty above 7436 for 7450 and 7460 and  Sell below 7400 for 7395  and 7380 and Plan B is if nifty is not able to sustain above 7465 for more than 10 mins and comes below this level, I would sell for 7445 and we would buy above 7390 if Nifty moves above this level from below levels for 7415 .

Top pics for the day are Tatasteel, SSLT, AdaniPort, DLF, Crompton, BPCL, BHEL, CoalIndia,Justdial and AdaniEnt for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for June 3rd, 2014

Nifty surged on the first trading session of the week after a manufacturing sector survey showed that production volumes at Indian manufacturers continued to rise in the month just gone by. FII were buyers and were aggressive for second day and brought bought INR 2977.62 crs and DII Sold INR 148.81 crs

Shorterm Trend
Nifty is good as long as it is above 7260 and shorts can be take only below this level if Nifty trades for few days on the other side for 7150 adn 7100 if Nifty crosses 7350 and takes support we can look for 7500.

Intraday Levels
We have key RBI policy event today and so we may see Nifty moving wild at any time and so suggest to be on sidelines and trade carefull. Nifty is buy at downside 7280 for 7295 and 7310 and sell at 7360 for 7345 and 7330, but avoid trading in Nifty.

Top pics for the day are Axisbank, Syndbank ,RelInfra ,BhartiAirtel, UnionBank, TataSteel, BharatForge, LT, GAIL and AuroPharma for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for June 2nd, 2014

Nifty is choppy and has been consolidating at these levels since some time and will continue to do. FII were buyers and were aggresive after a week or so and brought INR 2277.62 crs and DII Sold INR 458.15 crs

Shorterm Trend
Nifty is good as long as it is above 7260 and shorts can be take only below this level if Nifty trades for few days on the other side for 7150 adn 7100 if Nifty crosses 7350 and takes support we can look for 7500. After long time we got great chance to short banknifty which is looking very weak for levels of 14550 and 14350 from current levels keep SL of 14950.

Intraday Levels
Nifty is weak below 7200 if trades for 10 mins for 7185 and 7170 and buy only above 7255 for 10 mins for 7270 and 7285 and plan B is if we get a chance of going to 7190 levels and goes above 7200 and other side if Nifty comes below 7255 from 7265 levels for 7240 and 7225.

Top pics for the day are AdaniPort, TechM, AuroPharma, NTPC,LT, PFC, BankIndia, BankofBaroda, TataChem for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for May 30th, 2014

Nifty is choppy and has been consolidating at these levels since some time and will continue to do. FII were sellers for third day but this time they were agresive and Sold INR 522.90 crs and DII Bought INR 195.20 crs

Shorterm Trend
Nifty is good as long as it is above 7260and shorts can be take only below this level if Nifty trades for few days on the other side for 7150 adn 7100 if Nifty crosses 7350 and takes support we can look for 7500.

Intraday Levels
Nifty is weak below 7220 if trades for 10 mins for 7205 and 7190 and buy only above 7260 for 10 mins for 7275 and 7290.

Top pics for the day are  DRReddy Glenmark ,Bharatforge, Infy, Hindalco, AdaniEnt, UBL, TataGlobal, IDFC and Relinfra for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for May 29th, 2014

Nifty is choppy and has been consolidating at these levels since some time and will continue to do. FII were sellers for second day but it is very minute at INR 286.54 crs and DII Sold INR 33.40 crs.

Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government.

IT is looking good and can be bought for future as valuations are looking good, except Infy. I find great value in it at 2700 - 2800 levels in it even though it is in bad new offlate because of exit of top management. Pharma is looking to give a break and I am sure in series you will see pharma doing well.

Intraday Levels
I have to plans, plan A is Buy Nifty above 7345 for 7360 and Sell below 7306 for 7290 and Plan B is if nifty is not able to sustain above 7340 for more than 10 mins and comes below this level, I would sell for 7325 and we would buy above 7310 for 7325 if Nifty is not able to sustain below 7306 for more than 10 minutes.

Top pics for the day are   HCLtech,  Ultracemco, HDFCBank, RCOM, DrReddy, OrientBank, CoalIndia,Infy,Zeel,HindPetro and SunPharma for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 28th, 2014

Nifty mades lows of 7265 on profit booking, but recovered from lows and closed at 7318. FII Sold INR 202.61 crs and DII Sold INR 95.63 crs.

Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.

Intraday Levels
Nifty can be bought for upside above 7335 for 7350 and 7365  and short below 7280 for 7265 and 7250.

Top pics for the day are  Auro Pharma, Bharat Forge, TechM, Polaris,JindalSteel, Havells, Gail, SunPharma, BEML, and BHEL for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 23rd, 2014

Nifty edged higher but later gave up  the gains, but again recovered later to make high of 7315 in volatile trade. FII were seen selling for third day but in less amount of INR 294.99 crs and DII Bought INR 203.07 crs.

Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.

Intraday Levels
We could see positive opening today as indicated by cues, but like most of the days we may giveup the gains later in the day. As nifty is seeing pressure at higher levels every day my strategy for the day is if Nifty has crossed 7310 and comes down sell it for 7295, 7280 with  Nifty is good above 7300  for 7315 and 7330 and sell below if it trades for 15 mins 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.

Top pics for the day are  TataElxi, Relcap, BataIndia, NTPC, TVSMotors, Zeel, BhartiAirtel, BajajAuto and Advanta for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 22nd, 2014

Nifty has seen choppy market and closed lower based on cues from Asian market and also combined with profit booking seeing our market.FII were seen selling  INR 266.22 crs and DII Sold INR 439.03 crs

Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.

Intraday Levels
We could see positive opening today as indicated by cues. Nifty is good above 7300  for 7315 and 7330 and sell below if it trades for 15 mins 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.

Top pics for the day are  Apollotyre, Bajaj Auto, MCDowell, Bharatforge, Escorts, AdaniEnt, Voltas, Relinfra,Ultracemco and BhartiAirtel for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com

Broader outlook and stocks for May 21st, 2014

Nifty had small gains after witnessing high intraday volatility. What have gone up started coming down which are banks PSU's. What we have seen is FII Sold INR 104.53 crs after long though it is small amount and DII Sold INR 656.83 crs.

Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.

Intraday Levels
We could see flat to positive opening today as indicated by cues. Nifty is good above 7300  for 7315 and 7330 and sell at 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.

Top pics for the day are Tatachem, TataComm, BhartiAirtel, SSLT, Zeel, IRB, Titan, CoalIndia, BajajAuto and HCLTech for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for May 20th, 2014

Nifty edged higher in choppy trade, with the market sentiment boosted by Narendra Modi's comments on development and growth. Defensive's  IT,Pharma and FMCG have corrected where as cyclicles have moved up lead by PSU's and FII's were still buying. FII Bought INR 1350.04 crs and DII Sold INR 348.48 crs

Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for medium term is 7800 to 8000 if we see some good decisions by new government. I am sure PSU's and cyclical's are going to do well in near future and the upside seems to be still there where as IT and pharma are looking weak may continue to be weak for some more time.

Intraday Levels
We could see gap up again may not be large one and today could be a better trading day than yesterday. Nifty is good above 7300  for 7315 and 7330 and sell below 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.

Top pics for the day are  Voltas,GodrejInd,Hindalco,IDFC,BHEL,RCOM,UPL,TECHM,Lupin and DRReddy for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 19th, 2014

High volatility characterized trading as investors reacted to leads and results of Lok Sabha election that showed that Narendra Modi was on course to wrest the top job in the country as a saffron wave swept large swathes of India and leaving Congress in tatters. Nifty made a historic high of 7563, but later gave up all the gains on profit booking.  FII Bought INR 3634.82 crs and DII Sold INR 349.32 crs.

Shorterm Trend
Big day has happend and it is historical day as BJP swept cong and other major parties and has won majority on its own. Now coming to trading Nifty made a high of 7563 and my expecttion of 7300 has crossed and now the reality as it is too huge a figure later it gave it gains and has settled at realitic levels. Now we have new range ad range which is 1000 points from 6000 levels and will shortly come up with levels for trading. Let the marketkt to settle and we will take a call after some time.

Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for medium term is 7800 to 8000 if we see some good decisions by new government. I am sure cyclical are going to day well in near future and the upside seems to be still there where as IT and pharma are looking weak may continue to be weak for some more time, but would like to buy IT at good support levels.

Intraday Levels
We could see good gapup again and if that happens not sure we have trade again, instead would prefer to buy indvidual stocks at good levels. Nifty is good above 7250  if we get this level on its downside move and move above this level for 7265 and 7280 with SL of 7230 and would sell below 7350 if Nifty goes down from higher level for 7335 and 7320 with SL of 7370.

Top pics for the day are  RelInfra,SSLT,IOC,PFC, Engineers India, AdaniEnt, ICICIBank, BhartiAirtel, Arvind and Wipro for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 16th, 2014

Nifty edged higher in choppy trade on the eve of the outcome of Lok Sabha elections amid expectations that the BJP. Bought INR 1520.08 crs and DII Sold INR 410.01 crs

Shorterm Trend

Big day and Nifty could move any side and so no levels. My higher target is 7300 and lower is 6700 and swing could be either side, but I feel before going to 6700 we could see 7300 after results.

Intraday Levels
Sit on the sidelines and watch the market is my suggestion as you are going to see huge moves either side.


Top pics for the day are AdaniEnt, BankIndia, BankBaroda, SBIN, ICICIBank, AxisBank, Apollotyre,TataSteel,Bajaj Auto,Biocon and HindUniliver for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 15th, 2014

Nifty had a flat day, but FII's were still pumping money into market. Bought INR 1520.08 crs and DII Sold INR 410.01 crs

Shorterm Trend
I dont want to give any short term trend as we are geting near to major event and the move could be 200 to 400 points either way in a day. So better sit quite and take a call after the event. My higher target is 7300 and lower is 6700 and swing could be either side, but I feel before going to 6700 we could see 7300 after elections results.

Intraday Levels
We are going to see flat to positive opening. I stick to my yesterdays levels and  would like to buy above 7145 for 7160 and 7175 and below 7100 for 7085 and 7070. My plan B is to sell below 7135 if it comes below from higher levels of 7145 and also buy at 7045 for 7060 and 7075.

Top pics for the day are Asian Paint, JindalSteel, TataChem, Tatasteel, LICHSG, AdaniEnt, Abirlanova, ABAN and TechM for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 14th, 2014

Nifty surge is not stopping based on the expection of NDA lead government. Both Nifty and Sensex made life time highs.FII Bought INR 2026.23 crs and DII Sold INR 649.42 crs.

Shorterm Term
Nifty made one more huge rally and there seems to be no stopping, but we could see some correction at higher levels and people who are not in can look at a chance to enter at lower levels if you get may be at 7000 spot for 7300, but no shorts as it will be easiest way to commit suicide.

Please watch IT which is the ignored sector and my favourite sector for a good move. It has not participated in this huge rally. Yesterday we have seen breakout and for this to sustain they should break yesterdays high's for a good move and also this is on my logic as it will be a play to balance Nifty's as IT has good weightage in Nifty with five IT majors being part of it.

Intraday Levels
We are going to see another good opening. I would like to buy above 7145 for 7160 and 7175 and below 7100 for 7085 and 7070. My plan B is to sell below 7135 if it comes below from higher levels of 7145 and also buy at 7045 for 7060 and 7075.

Top pics for the day are Bank of Baroda, HCLTech, AdaniEnt, AuroPharma, Relinfra, ACC, Reliance, PNB and DRReddy for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 13th, 2014

Nifty surged on speculation the BJP led NDA will be able to form the next government at the centre and that Narendra Modi will become the next Prime Minister of India after the final phase of Lok Sabha electionsNifty settled at record high above 7,000 level. The Sensex attained record closing high above 23,000 mark. FII Bought INR 1217.95 crs and DII Bought INR 92.56 crs

Shorterm Term
Nifty made one more huge rally and we are now well above 7000 and heading towards 7300 which is tartget as per Elliot wave theory and I am very sure very few retail investors not even 2 - 5% people have particpated in this rally as we were trapped to get away from our longs at 6740. I think it is time to book profit at 7300 and look for lower levels to enter again as most of the price is discounted as per expected results.

Intraday Levels
We are going to see another huge gapup of nearly 75 - 100 points and I am very sure we will not get chance to enter long in this market. Just be on sidelines and enter at lower levels. By any chance if Nifty comes below 7055 levels from higher levels, sell for 7040 and buy above 7065 for 7080 and 7095.

Top pics for the day are TataMotors,BPCL, Zeel, Bharatforge, HeroMotors, CoalIndia,ITC, IndusInd and PFC for Buy/Sell and correct levels contact  vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 12th, 2014

Nifty surged on speculation that  NDA lead by BJP will be able to form the next government at the centre and that Narendra Modi will be the next Prime Minister of India after Lok Sabha elections which conclude early next week. he BJP in its Lok Sabha polls manifesto has promised
more business-friendly policies if the party comes to power after elections.  FII Bought INR 1278.68 crs and DII Sold INR 75.30 crs.

Shorterm Term
Nifty made up what it has lost in last 10 days and made a huge rally and now heading towards final target of 7000+. I dont have any levels now as I  think no technicals work now as we are in to major event elections results, but immediate level to watch is 6880 if it takes out we are going to see fresh move.

I told u many whole of last week as long as we dont close below 6650 we need not worry for short term. I am going to sell only below 6650, but not sure u will get chance to sell at this levels because if we move a see towards downside we are going big gap down and so we will not get chance for shorting.

Intraday Levels
We are going to see good opening of 25 points gapup and I would buy Nifty above 6880 if it trades for 10 mins for 6895 and 6910 and below 6850 for 10 mins we could see 6835 and 6820.

Top pics for the day are ICICIBank,Relinfra,SBIN,BHEL,AdaniEnt,CoalIndia,HDFCBank,BEML, Biocon and Divis Lab for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 9th, 2014

Nifty gave out small gains after witnessing intraday volatility as traders are booking profits at every higher levels. FII Bought INR 363.24 crs and DII Sold INR 119.90 crs

Shorterm Term
Nifty has closed positive, but despite good opening it gave up all it gains and is looking very weak . The key level to be watched is 6650 at lower side, it should stand strong till some times and it is doing it, but not convincingly but would be a buyer at these level if it was able to support at these levels or would sell if Nifty breaks this level with volumes, but volumes are not visible. I would also would like to sell near 6750 - 6770 levels because earlier support is now a major resistance.

Intraday Levels
We are going to see  flat opening and Nifty is giving up it gains. What it shows is market is going to be choppy and people should not expect big moves and should be ready to book profits at every logical levels. I would like to sell at 6745 for 6730 and 6715 and would buy at 6680 for 6895, 6710. On the other side if Nifty comes down from 6775 - 6778 to 6770 we can sell for 6650 levels.


Top pics for the day are Arvind, BHEL, BharatForge, Axisbank,Jubilant, UPL, Justdial, BankIndia and UnionBank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 7th, 2014

Nifty edged higher for the second day in a row today, 6 May 2014 with the market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks, but does not have conviction and is giving gains later in the day. FII Bought INR 45.93 crs and DII Sold INR 55.73 crs.

Shorterm Term
Nifty has closed positive for the second day, but gave gains later in the day. The key level to be watched is 6650 at lower side, it should stand strong till some times and would be a buyer at these level if it was able to support at these levels or would sell if Nifty breaks this level with volumes and stays below this level for more than a day. I would also would like to sell near 6750 - 6770 levels because earlier support is now a major resistance.

Intraday Levels
We are going to see positive to flat opening, but not sure we can go long in this market blidly as we are seeing a constant resistance at higher levels. Nifty is giving up it gains and also it is also not going down. What it shows is market is going to be choppy and people should not expect big moves and should be ready to book profits at every logical levels. I would like to sell at 6740 for 6725 and 6710 and would buy at 6695 for 6710, 6725.


Top pics for the day are RECLtd,  PFC, BharatForge, BPCL, Titan, Crompton, AmbujaCem, BhartiAirtel and INFY  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 6th, 2014

Nifty edged higher on first trading day of the week yesterday and closed just above Friday's close. FII Bought INR 279.86 crs and DII Sold INR 224.52 .

Shorterm Term
Nifty has closed positive for the first time after 5 consecutive days, but the key levels to be watched is 6650 at lower side, it should stand strong till some times and would be a buyer at these level if it was able to support at these levels or would sell if Nifty breaks this level with volumes and stays below this level for more than a day. I would also would like to sell near 6750 - 6770 levels because earlier support is now a major resistance.

Intraday Levels
We are going to see positive opening of 25 pointup, but not sure we can go long in this market blidly as we are seeing a constant resistance at higher levels. I would like to sell at 6740 for 6725 and 6710 and would buy at 6680 for 6695, 6710.

Top pics for the day are CentText,CanBk,BOI,Hindalco,M&M,Srtransfin,Relcap,Cipla and HCLTech for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for May 2nd, 2014

We settled lower after fluctuating between positive and negative terrain throughout the session as we had rollercoaster ride on Fridat. Investors remained wary ahead of the announcement of Federal Reserve's monetary. FII Bought INR 454.48 crs and DII Sold INR 6.46 crs.

Shorterm Term
Nifty had great run the morning with a 60 point up swing and everybody thought we are coming back to positive territory, but hell broke down at mid day we went almost all 100 points down from its top and amde a low of 6665 and later recovered towards fag end of the day and closed below 6700. If we close below 6650 for two days I am sure we are  going to see lower levels of 6550 and 6500. We can go long only if we stay above 6740 for todays for 6810 and 6890.

It is very difficult market to trade now for short term traders and suggest to stay in sidelines or else trade with half quantity if you have to trade or you are compulsive trader. What we have seen is FIIs were still buying, but HNI were booking profits and so market is behaving weired.

Intraday Levels
We are going to see positive opening of 25 point up, but not sure we can go long in this market till we are above 6770 and suggest sell on rise market till then. For the day I suggest to sell Nifty if it comes below 6740 from levels of 6750 for 6725 and 6710 and buy  above 6770 we could see 6795 and 6810 and at the same time if Nifty by any chance goes to 6650 -6655 levels it is buy for 6670 and 6685.

Top pics for the day are Glenmark, Heromotors,DrReddys,AIL,DLF, CentText, TataComm, Crompton and ApolloTyre for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 30th, 2014

Nifty fell for the third day in a row triggered by the India Meteorological Department, announcing that the country will likely get below-normal levels of monsoon rain this year and also based on valuations concerns ahead of key results season.  FII Bought INR 287.98 crs and DII Sold INR 550.89 crs

Shorterm Term
Nifty came down by 40 points after flat opening and is below key support level of 6740(20 DMA), but we may see some bounce but will find resistance at 6740 and key levels to be watched is 6700 which is minor support and 6650 which is strong support. If we close below 6650 for two days I am sure we are  going to see lowere levels of 6550 and 6500. We can go long only if we stay above 6740 for todays for 6810 and 6890.

Banks are looking weak again and Banknifty may not reach its target of 13600, but where as CNX IT is flat since quite some time and I am sure we will see a big move very shortly either, but my bias is upside.

Intraday Levels
We are going to see positive opening, but not sure we can go long in this market till we are above 6770 and suggest sell on rise market till then. If Nifty trades above 6770 we could see 6795 and 6810 and if Nifty crosses above 6740 and comes down I would sell for 6725 and 6710.

Top pics for the day AdaniEnt, RelInfra, TataSponge, SPARC,TataSteel, JindalSteel, Hexaware, BajajAuto and BankIndia  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 29th, 2014

Nifty edged lower for the second day in a row triggered by the IMD announcing that the country will likely get below-normal levels of monsoon rain this year. We have seen lesser participation by FII and they  Bought INR 77.02 crs and where DII Sold INR 370.53 crs

Shorterm Term
Nifty came down by 20 points, but is still above 6740 which is 20 DMA and below 6770 even if it breaks it should trade atleast for 2 days below this level for any decisive move towards downside. Nifty has good supports in levels between 6730 - 6770 and not easy to break down these levels and so will maintain my SL at 6720 for a target of 6880 and 7000 and people can enter market at current levels if some one has missed this rally  and Banknifty is going to be star as we may see 13600 levels in next one week.

Intraday Levels
We are going to see flat opening and expect Nifty to trade in a range till some time. If Nifty trades above 6790 we could see 6805 and 6820 and below 6740 for 5 minutes we could see 6725 and 6715.

Top pics for the day are Cipla,Havells, Tata Chem,  Wockpharma, IBULHSGFIN,Asian Paints and ACC  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 25th, 2014

Nifty made a fresh new high and with FII's still buying may be less when compared to first 2 weeks of buying but we are heading towards higher highs based on Investors are betting that the BJP led NDA will be able to form the next government at the centre with support from some regional parties after Lok Sabha elections which conclude in mid-May this year. FII Bought INR 767.61 crs and DII Sold INR 533.88 crs

Shorterm Term
Nifty is again gaining strength and is moving towards 6900 even though I feel 6880 is going strong resistance. I strongly feel u can continue to hold on to position.What is important is 200 day DMA is at 6110 which is almost 700 point from it which is not good technically, but as we are in a strong momentum we cannot expect any major fall till May 16th, if it does we could see levels of 6300 levels if market sees major surprise politically.

I am holding my Nifty buy at 6770 for 6880 with SL of 6730 and is now sitting on profit of 70 points and heading towards first target and nifty will become weak only if it trades below 6770 for 2 days which is unlikely to happen as we are in a super bull market. Market is a buy on dips as we are seeing buying at every low levels and Banknifty is going to be star as we may see 13600 levels in next one week.

Intraday Levels
We are going to see small negative opening, if Nifty trades above 6840 we could see 6855 and 6870 and below 6800 for 5 minutes we could see 6785 and 6770.

Top pics for the day are KotakBank, ICICI Bank, Bank of Baroda, SBIN, Mothersunsumi, AmbujaCem, BHEL, Titan and Cairn  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for April 23rd, 2104

Nifty ended almost unchanged for the day, giving up initial gains that took them to record high.The market breadth, indicating the overall health of the market, was positive. What we have observed we are not seeing FII's pumping money into market like they were doing earlier.

Shorterm Term
Nifty is trading above key support level of 6770, but did not moved yesterday either way and closed flat with 2 points less, This is because of less participation of FII's, I am sure we are going to see a clear trend in next 10 days as we are trading in a range of 150 points since last 2 weeks. My target is intact and is destinated to move to 6900 and ultimate target of 7200 with SL of 6730, on the downside below 6660 levels we could see 6550 and 6460 levels with SL of 6730

We are going to see lot of action now in Bank Nifty and can go to 13600 with the type of momemtum we are seeing it seems to be possible in next 2 weeks. Market is a buy on dips as we are seeing buying at every low levels. What is dissapointing is CNX IT which is reversing and it seems to be looking even further lower levels, but oil sector is doing good.

Intraday Levels
We are going to see flat opening, if Nifty trades above 6840 we could see 6855 and 6870 and below 6800 for 15 minutes we could see 6785 and 6770.

Top pics for the day are Lupin,LICHousing, TechM, BPCL, LT, Glenmark, OIL, ApolloTyre and Auro Pharma for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com. . Suggest to trade with caution as we are on Expiry day.


OIL is good above 500 and Auro Pharma is looking weak below 542 for the day.

Broader outlook of Market and Stocks for April 22nd, 2014

Nifty edged higher on the first trading session of the week to new all time high, with market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks and we are seeing buying at every low levels lead by banking especially PSU banks. With likely happening of NDA coming to power we are seeing continuous rally and every correction is used as oppurtinity to buy.

Shorterm Term
Nifty is trading strong above key level of 6770 for second day and it is on the way for first target of 6900 and ultimate target of 7000+. Traders can go long for a target of 6900 and 7000 by keeping a stop loss of 6730 and on the other hand below 6660 levels we could see 6550 and 6460 levels. The upward trend is still intact and is destinated to 7000 atleast by mid of Next month.

We are going to see lot of action now in Bank Nifty and can go to 13600 with the type of momemtum we are seeing it seems to be possible in next 2 weeks. Market is a buy on dips as we are seeing buying at every low levels. What is dissapointing is CNX IT which is reversing and it seems to be looking even further lower levels.

Intraday Levels
We are going to see flat opening, if Nifty trades above 6840 we could see 6855 and 6870 and below 6800 for 15 minutes we could see 6785 and 6770.

Top pics for the day are ICICI Bank,IDBI, GodrejInd, LT, M&M,JSWsteel, KarurVysya and Wipro  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and levels for April 21st, 2014

Nifty jumped after government bond prices surged after the RBI sold the Rs 20000-crore worth of debt on offer, accomplishing the country's biggest-ever auction and also based on international cues.

Shorterm Term
Nifty took very good support at 6600 as stated in yesterdays comment, had made huge rally of 104 points even though it has good resistance at 6770 it closed above this level and It need to close above this level for one more day for it to move to 6900 and 7000 levels, but on the other side Nifty trades below 6660 levels we could see 6550 and 6460 levels. The upward trend is still intact and is desalinated to move above 7000 atleast by mid of next month.

Intraday Levels
We are going to see flat opening, if Nifty can trade above 6795 we could see 6810 and 6825 and below 6770 for 15 minutes we could see 6755 and 6740.

Top pics for the day are Arvind, Apollotyre,TCS,ICICI Bank, Hero Motors,SKSMicro,Tata Global and JublFood  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader putlook and stocks for April 17th, 2014

Nifty is bearish after long time and moved down by 53 points to close at 6675 after making a low of 6660 after expected weakness in monsoon and profit booking. FII Sold INR 44.69 crs and DII Sold INR 347.70 crs.

Shorterm Term
Nifty is looking weak after long time, but we have support at 6660 which is 20 DMA from which it took support yesterday, we may see this weakness for a day or two, but what is important is if we stay below this range for two days we could move to 6550 which is a major support and if we trade above 6770 for two days we can move to 6900 and 7000.

Intraday Levels
We are going to see positive opening, but not sure this will sustain and key is it should not trade below 6660 for more than 10 minutes, if it does we could see 6645 and 6650 and if Nifty can trade above 6700 we could see 6715 and 6730.

Top pics for the day are AdaniEnt, KPIT, Adani Port, HCLTech, ACC,  JublFood, DRReddy and CentTextile  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 16th, 2014

Increase in global crude oil prices and weak domestic macroeconomic data weighed on Indian stocks on the first trading session of the week. The market breadth, indicating health of the market was negative.  FII Sold INR 21.63 crs and DII Sold INR 278.27 crs.

Shorterm Term
What we have seen is Global markets are okay, but India market is not looking good and it has decoupled it self from other markets based on local events it could be because of elections and also because of local economic data which is still looking bad.

India VIX is trading high at 32 which indicates we will see more volatality. Nifty next target is 6900 and later to 7000, if Nifty can stay above 6770  and below 6650 we could see 6570 and 6500.

Intraday LevelsWe are going to see flat opening, but is looking weak and it is trade for negative bias. I prefer to buy into pharma and IT, where as look to short in Banking and cyclicles like reality and metals. If Nifty can be traded above 6750 we could see 6765 and 6780 and below 6710, it can go to 6695 and 6680.

Top pics for the day are Tata Comm, TCS, MCdowell, HeroMotors, Bharti Airtel, DLF, YesBank and IndusInd  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 15th, 2014

Nifty edged lower in choppy trade on the last trading session of the week after the latest data showed that India's merchandise exports fell for the second month in a row in March and also because of profit booking before IIP data release which is due towards end of the day on Friday. FII Sold INR 362.29 crs and DII Bought INR 364.92 crs.

Shorterm Term
We did not have a good closing as we have seen profit booking towards end of the day and many stocks have corrected. With Infy starting with its results, we will see IT doing well this week as other IT majors will comeout with results. India VIX is trading high which indicates we will see more volatality.

Nifty next target is 6900 and later to 7000, if Nifty can stay above 6770 for second day and below 6650 we could see 6570 and 6500.

Intraday Levels
We are going to see positive opening with gap down, we are going to see some action in IT sector. If Nifty can be traded above 6811 we could see 6826 and 6842 and below 6770 for 10 minutes it can go to 6755 and 6740.

Top pics for the day are Tata Comm, HCLTech, TechM, CenturyTex, Biocon, STCIndia, AdaniEnt and AxisBank  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for April 11th, 2014

Nifty had good opening and later market gave up all towards end of the day and closed flat and many stocks are looking weak. FII Bought INR 342.75 crs and DII Bought INR 13.45 crs.

Shorterm Term
We did not have a good closing as we have seen profit booking towards end of the day and many stocks have corrected. IT and Pharma is looking very weak and I expect weakeness to continue for today also. India VIX is at 30 which is normally indicates bottom, but we are at top and this happens rarely and very difficult to read.

Nifty next target is 6900 and later to 7000, if Nifty can stay above 6770 for second day and below 6650 we could see 6570 and 6500.

Intraday Levels
We are going to see negative opening with gap down and let us hope this will not continue and will gain later in the day, if we continue to trade in Red, there is chance of further fall in equity and index overall. If Nifty can be traded above 6800 we could see 6815 and 6830 and below 6770 for 10 minutes it can go to 6755 and 6740.

Top pics for the day are AdaniEnt, Relinfra,LICHsg, Crompton, Abirlanova, Auro Pharma, DRReddy, HCLTech and TechM for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 10th, 2014

Nifty is quite in the morning and suddenly took off to close above 6800 and close just below 6796 which is all time high based on BJP manifesto and also on IMF report on growth prospect of India in 2014-2015. FII Bought INR 1043.86 crs and DII Sold INR 463.78 crs

Shorterm Term
Told you yesterday that Nifty took support at 6650 and is ready to bounce, look at the bounce, but I never expected that the bounce will be so big. We have seen huge rally and what is above my 6770 level and so we are heading towards 6900.

What is alarming is VIX is at 27 and also most of the indicators are overbought, but when you are in a bull market these singals are tend to be ignored. Nifty next target is 6900 and later to 7000, if Nifty can stay above 6770 for second day and below 6650 we could see 6570 and 6500.

Intraday Levels
With US Fed not goint to increase interest rates is positive and we could open positive and Nifty can be traded above 6820 we could see 6825 and 6740 and below 6775 we could see 6760 and 6750.

Top pics for the day are IndusInd, Axis Bank, PNB, Maruti,TataMotor, Crompton, JustDial and TechM for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and levels for April 9th, 2014

Nifty opened well, but gave up all the gains and at some time is trading at 40 points loss, but recovered later to close flat. Bought INR 703.71 crs and DII Sold INR 1081.36 crs.

Shorterm TermNity took support at 6650 which I stated as support and so of now is valid and we see Nifty bouncing from these levels, but real change of trend can only be seen above 6770 for 6900 and lower side below 6650 we could see 6570 which is a major support. India VIX is at 25 which is alarming and the type of volatality we are seeing is clear indication of what is happening as we are seeing lot of moves in a range of 40 - 50 points.

Intraday LevelsAs indicated by cues we may see positive opening in Nifty  and Nifty can be traded above 6730 we could see 6745 and 6760 and below 6695 we could see 6680 and 6675.

Top pics for the day are RCOM, Ambuja Cem, Exide, Glenmark, Abirlanova, Star, Jindal Steel and SSLT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 7th, 2014

Nifty had lowest closing in week ahead of elections as investor or cautious and booking profit. We have seen weakness in some of the major stock.  FII Bought INR 717.39 crs and DII Sold INR 716.57 crs.

Shorterm Term
Told you on 4th, that we have had small correction and see trend change till we see another 70 points correction and i see change of minor trend at 6650, if this beaks we may see 6570 and longs can be taken only above 6710 for 6770. India VIX is at high 22 which is ridiculous. But this trend is confirmed only if we see Nifty closing below 6560 and Nifty can be longed above 6770 for 6900.

Intraday Levels
As indicated by cues we may see flat to negative opening in Nifty  and Nifty can be traded above 6715 we could see 6730 and 6745 and below 6680 we could see 6665 and 6660.

Top pics for the day are Hindpetro,AdaniEnt, CentText,Yesbank, RelInfra, IOC, Dabur and Gail for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 4th, 2014

Nifty reversed direction after scaling record high after the result of a survey showed that business activity in the Indian private sector fell. Finally we saw a small negative close on eleventh day. This is definitely not looking weak but definitely on stiff resistance. FII Bought INR 717.39 crs and DII Sold INR 716.57 crs.

Shorterm Term
After 10 days we have seen a small dip and I dont read much into it unless we see another 60 - 80 points correction. India VIX is at high 22 which is ridiculous. I am repeating Nifty is weak only below 6570 for 6500 and 6420 and on the higher side 6900 is very much possible.

Intraday Levels
As indicated by cues we may see negative opening in Nifty after long time and Nifty can be traded above 6745 we could see 6755 and 6770 and below 6715 we could see 6700 and 6685.

Top pics for the day are JSWSteel, Colpal, Apollo Tyre, Jublfood, Coal India,  BHEL, OrientBank, SunTV and IndusInd for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for April 3rd, 2014

Nifty hit record high on intraday basis as well as on closing basis and I am tired of saying the same. It is 10th consecutive upside close. The bulls are calling the shots on the bourses. Indian stocks extended their recent strong gains yesterday supported by US,Euro and Asian markets, FII Bought INR 594.67 crs and DII Sold INR 471.78 crs.

Shorterm Term
We are heading higher and there seems to be no real pressure on market to go lower. Some or other sector is taking leadership when ever we see weakness in the market and there seems to be no stopping.  and I am repeating Nifty is weak only below 6570 for 6500 and 6420 and on the higher side 6900 is very much possible.

Intraday Levels
As indicated by cues we may see positive opening Nifty trades above 6745 we could see 6755 and 6770 and below 6720 we could see 6705 and 6695.

Top pics for the day are RECLTD, RelInfra, OrientBank, Torent Pharma,SKSMicro, ITC and Asian Paints for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for April 2nd, 2014

Nifty hit record high on intraday basis as well as on closing high. It is 9th consecutive upside close. Though opened high, later gave up gains but closed good. FII's were still pumping money and they bought INR 385.66 crs and DII Sold INR 247.88 crs.

Shorterm TermIt is boring to say that Nifty is still above 6700 and I dont have any thing to say . There is no surprise from RBI and so market could remain range bound till we see results coming in next 1 week and also elections coming shortly. Nifty is weak only below 6570 for 6500 and 6420 and on the higher side 6900 is very much possible.

IT is picking up and I am sure Pharma will follow it and see banking and other cyclicals looking tired and may take back seat till some time. 

Intraday LevelsAs indicated by cues we may see positive opening Nifty can be traded above 6740 we could see 6755 and 6770 and below 6700 we could see 6685 and 6570.

Top pics for the day are HCLTech,Hexaware, Dabur,UPL,TataMotorDVR, BPCL and Heromotors  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Market outlook and stocks for April 1st, 2014

Nifty edged higher on last trading session of Q4 March 2014 and the fiscal year FY 2014, with the market sentiment boosted by data showing that FIIs made substantial purchases of Indian stocks.FII Bought INR 942.86 crs and DII Sold INR 611.22 crs.

Shorterm Term
Nifty is still above 6700 and we can see market in rangebound till some time and sectoral rotation will continue to happen. I see weakness in Market only below 6570. Nifty VIX is at 21.6 which is nothing but particpants are expecting volatality and if we see fall, we will definetly see fall in VIX. Technically I dont see any change of trend as of now and I dont have any level for upside. If we some positive surprise by RBI we could see 100 point upside.

Intraday Levels
As indicated by cues we may see positive opening and suggest not to trade till RBI policy is out. If Nifty can trade above 6725 we could see 6740 and 6755 and below 6700 we could see 6685 and 6570.

Top pics for the day are JSWsteel, ABB, Maruti, Arvind, IDFC, BHEL and Crompton  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com. Suggest to trade light.

Wish you a happy Ugadi and broader outlook of market for March 31st, 2014

Wish you a happy Ugadi

The bulls are calling the shots. Key benchmark indices edged higher in choppy trade, with the market sentiment boosted by data showing that foreign institutional investors on first day of new Expiry series. FII Bought INR 1362.87 crs and DII Sold INR 208.34 crs

Shorterm TermTold u above 6570 we are heading towards 6700 and we met target dont have any more targets as of now till further analysis.


Intraday LevelsAs indicated by cues we may see positive opening and if it can trade above 6725 we could see 6740 and 6755 and below 6700 we could see 6685 and 6570.

Top pics for the day are Hero Motors, OBC, Adani Port, Ranbaxy, JSWsteel, Auro Pharma and Sun TV A for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for March 28th, 2014

Nifty edged higher and hit fresh record high, with the market sentiment boosted by data showing that foreign FIIs made substantial purchase and it did not abate even on expiry.

Shorterm Term
Told you if we can stay above 6570 for two days we are heading towards 6700 and we are half way to the goal. We may have some aberrations and market can be choppy but we are very near to top. We may also have bigger top for that we need a big event which is due in next month. We made a 700 point one way move and how long is this going to be, no answer as of now.

India VIX is at 18.7 which is surprising despite one way move in market. Is some thing cooking, well it could be, but as of now my target is 6700 for upside and for downside below 6570 for few days we could go to 6500 and 6420. We are seeing new highs every day for Nifty major and new sector is coming in limelight.

Intraday Levels
As indicated by cues we may see positive opening and if it can trade above 6660 we could see 6675 and 6690 and below 6620 we could see 6605 and 6590.

Top pics for the day are Hero Motors, IDFC, Tata Comm, BhartiAirtel, L&THF,TechM, Zeel and Divis for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook of market and stocks for March 27th, 2014

Nifty closed for the first time above 6600 and the market breadth, indicating the overall health of the market was negative, FII's were still buying. FII Bought INR 1004.52 crs and DII Sold INR 356.11crs.

Shorterm TermWe are above 6600 and Upside is still intact even though we may see some aberations because of Expiry and my opinion will not change and will remain same which is upside. Nifty is heading towards 6700 if it stays above 6570  and weaknes can only be seen  below 6480 and if it can stay  for few days it could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days.

What ever happens we are going to have highest ever monthly close. Banks and Metals have lead this rally and IT & Pharma have taken back seat. As indicated by 6600 option writing we are likely to close above 6600.

Intraday LevelsAs indicated by cues we may see flat opening and if it can trade above 6615 we could see 6630 and 6645 and below 6570 we could see 6555 and 6440. Today being expiry suggest you to avoid trading in Nifty.

Top pics for the day are Yes Bank, Arvind, ACC, Colgate,DRreddy, Lupin and MCDowell for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com. Suggest to trade light on expiry day.

Broader outlook and stocks for March 26th, 2014

Nifty hit record high both on intraday as well as on closing basis but has closed with small gains. PSU's gained today and heavyweights Relianace and ONGC have opened low and closed at same level which is not bad

Shorterm Term
We have stayed above 6570 for second day as stated below and it is good for market. Upside is still intact even though we may see some aberations because of Expiry and my opinion will not change and will remain same as it is yesterday. Nifty is heading towards 6700 if it stays above 6570  and weaknes can only be seen  below 6480 and if it can stay  for few days it could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days.

Intraday Levels
As indicated by cues we may see positive flat opening and if it can trade above 6600 we could see 6615 and 6630 and below 6570 we could see 6555 and 6440.

Top pics for the day are CESC, Siemens, BharatForge, JindalSteel, Bhel, Auro Pharma and REC for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for March 25th, 2014

Indices surged to record closing high after the government exceeded its  asset sales target for this fiscal year and as investors bet that the BJP led NDA will be able to form the next government at Centre. FII Bought INR 1465.62 crs and DII Sold INR 770.39 crs.

Shorterm Term
Told you yesterday "support at 6480 is still holding which is important support zone and  We are in a zone for a week and I think time has come for a big move either side". Look at the move we have seen, now we need to stay above 6570 for one more day for a move to 6700 and weaknes can only be seen  below 6480 and if it can stay  for few days  could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days.

Every time Nifty has made a lifetime high we have seen some correction and this could happen today, but it may not be substantial but we could see some correction. We may see some action in oil producing companies.

Intraday Levels
As indicated by cues we may see positive flat opening and if it can trade above 6585 we could see 6600 and 6615 and below 6570 we could see 6555 and 6440.

Top pics for the day are Reliance, ICICI Bank, HDFCBank,Yesbank, Havells, GodrejInd, Auro Pharma & JSWSteel for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.co

Broader outlook and stocks for March 24th, 2014

Nifty registered  small gains after moving in a narrow range in intraday trade on Friday. Tyre stocks moved up and is best performing sector otherwise it has been lackluster day, but we have seen good trading opportunities in selected. Let us not consider trading on Saturday as it is for very short period without any major participation.

Shorterm Term
Support at 6480 is still holding which is important support zone and I strongly feel a strong close below this level could see some short term correction which is good for the market. We are in a zone for a week and I think time has come for a big move either side, but my bias is for downside. Below 6480 for few days  could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days. On the higher side Nifty should close above 6570 to reach 6700 and it is not easy to reach, but for the very short term Nifty above 6520 we could see 6560 levels.

Intraday Levels
As indicated by cues we may see positive opening and if it can trade above 6520 we could see 6535 and 6550 and below 6480 we could see 6465 and 6450. IT and Pharma could see some action as stated in my previous outlook.

Top pics for the day are AxisBank, JSWSteel, TataSteel, Adani Ent, Lupin, Glenmark  and Zeel  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for March 21st, 2014

Nifty closed lower at 6483 on concern foreign capital inflow will slow after the US Federal Reserve further reduced monetary stimulus for the US economy and signaled US interest rates will be raised, but FII's were still buying. FII Bought INR 722.02 crs and DII Sold INR 563.29 crs.

Shorterm Term
Nifty is weak yesteraday as expected but closed above 6480 which is important support zone. Closing below this could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days. On the higher side Nifty should close above 6570 to reach 6700 and it is not easy to reach, but for the very short term Nifty above 6520 we could see 6560 levels.

 PSU banks and other rate sensitivies are weak and have corrected on intraday basis and will consolidate at this levels and we will see some bounce back in some of the sectors which has corrected.

Intraday Levels
As indicated by cues we may see positive opening and if it can trade above 6517 we could see 6532 and 6550 and below 6480 we could see 6465 and 6450. IT and Pharma could see some action in few days.

Top pics for the day are TCS, AxisBank, BPCL,Auro Pharma, M&MFin, Colpal and Bajaj Auto  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and levels for March 20th, 2104

Indian markets settled marginally higher ahead of commentary about monetary policy from the US Federal Reserve later in the global day.FII Bought INR 1069.74 crs and DII Sold INR 610.96 crs

Shorterm Term
Outcome of fed minutes was not very encouraging as it has decided to furthur reduce bond buying by 10 Billion $.Nifty is weak below 6480 for very short term and 6350 for shorter tem are important levels to watch for.

Intraday Levels
As indicated by cues we may see negative opening opening and can trade for long above 6517 if trades for some time for 6535 and 6550 and lower side below 6480 for 10 minutes we could see 6465 and 6450.

Top pics for the day are BataIndia, AxisBank, Asian Paints, CentText, Biocon, TCS and Petronet  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and Stocks for March 19th, 2014

Markets hit their highest closing level in almost a week, but at higher levels are still offering resistance on Nifty. Closing was 60 points off the high and 20 points off the low. India VIX is higher by 4% and this shows we are due for some major movement in the market.

Shorterm Term
As stated in my previous blog Nifty found resistance at 6570 and has reversed and it should cross this level strongly for any major up move and it did not happen. We are seeing tiredness in major indicators even though bulls were trying to pull the market up we may see pressure.

If Nifty  can trade above 6570 for 2 days we may see good move on the other side it is weak below 6417 for short term and 6350 for medium term are important levels to watch for. But as of now for the short term the trade is only for long side and suggest not to short till we see weakness in the market.

Intraday Levels
As indicated by cues we may see positive opening and can trade for long above 6540 if trades for some time for 6555 and 6570 and lower side below 6520 for 10 minutes we could see 6505 and 6490.

Top pics for the day are IndusInd, SunTV, Bank India, RECLTD,Havells,Tata Motors, Lupin and HCLTech for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook and stocks for March 18th, 2014

I am back after a week long vacation and market hasn't moved 

A strong intraday rebound in late trade on Friday took the Nifty to positive zone from negative zone on last Friday. The market sentiment was boosted by the latest data showing that inflation based on the WPI eased to a nine-month low last month.  FII Bought INR 982.19 crs and DII Sold INR 866.42 crs.

Shorterm Term
Nifty bounced back to above 6500 from 6432 is very positive, below 6417 for very short term and 6350 for shorter tem are important levels to watch for, but Nifty is very strong and has moved up and next resistance is at 6570 and is a key level to watch for. But as of now the trade is only for long side and suggest not to short till we see weakness in the market.

Intraday Levels
As indicated by cues we may see small gap up and can trade for long above 6540 if trades for some time for 6555 and 6570 and lower side below 6520 for 10 minutes we could see 6505 and 6490.

Top pics for the day are Crompton, Auro Pharma, AdaniEnt, Maruti, BhartiAirtel  and LT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Broader outlook for March 10th, 2014

Markets surged to record high, driven by sharp gains in domestic-focused sectors banking, realty, construction and capital goods based on expectation that NDA will be able to form government at at center.  Nifty struck record high above 6,500 and closed above 6526.

Shorterm Trend
Nifty crossed met my target of 6480 and there seems to be no retur back levels and is in a strong up move defying gravity and is heading towards 6700 target which is election target, I dont have any short term up targets for uptrend but for very short term below 6415 we could see 6350 , but not less than. Market is extremely overbought and I except a small correction from current levels. What is important for medium term is 6350 which should be sustained for this trend to continue and if it does not we may see previous lower levels.

Intraday Levels
As indicated by cues we may see small gap down as indicated by global cues and some how not comfortable by this huge move. Nifty is buy above 6525 for 6540 and 6555 and sell below 6480 for 6465  and 6450.

Top pics for the day are HDFCBank, BhartiAirtel, AdaniEnt, Maruti, TechM, Auro Pharma and LT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Pivot Levels

Broader outlook for March 7th, 2014

Markets surged after data released by the RBI after trading hours on Wednesday showed that India's current account deficit declined sharply in Q3 December 2013 and it is highest ever closing for Nifty at 6401.The market sentiment boosted by data showing that foreign institutional investors have bought heavily yesterday with INR 1272.93 crs and as ever at highs DII Sold INR 567.10 crs

Shorterm Trend
Nifty crossed all resistances and we have closed above 6400  and well above 6350 which has been strongest resistance since last one year as we have seen correction heavily from these levels to swing low levels, but if we can stay above 6400 for second day we are destinated to got to higher levels of 6480 and for elections target of 6700 which may not be one way. Weakness can only be seen for short term if we close below 6350 for few days for 6300 and 6240  levels.

What we have seen  is broader rally across sectors and non F&O stocks started moving up which have been lagging since long. The trade is long and it is better to identify stocks which are not in fancy for quite some time, and is required for this rally to sustain at these levels. All cyclicals are moving up and we have non fancy reality sectors also going up. We may see market consolidating at this levels, but stocks will move up

Intraday Levels
As indicated by cues we could open gap at around 6430 which is all time high and if Nifty can trade above 6425 for 15 minutes we could see 6440 and 6455 and on the lower side below 6400  we could see 6385 and 6370. Please keep a eye on previous all time high of 6415 which it has met in Decemeber, 2013.

Top pics for the day are RelInfra, JSWsteel, Havells, DLF, Heromotors, BhartiAirtel, Tata Motors and BHEL for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Trend
Would look to Buy Gold and Silver, sell  Crude and Natural Gas but  suggest to buy/sell based on levels in live market and my above outlook is only based on broader trend based on previous days data

Pivot Level

Broader outlook for March 6th, 2014

Markets edged higher in choppy trade after a survey showed that private sector output across India rose for the first time in eight months during February and that Indian services companies maintained their positive outlook for output growth over the coming year and closed at 6328 which is below 6340. FII Bought INR 185.61 crs and DII Sold INR 344.50 crs

Shorterm Trend
Nifty crossed went past minor next resistance at 6312 and this uptrend is valid as long as Nifty stays above 6240 and if break this level for two days we could see 6180 and 6100. Next major resistance is at 6350 which has failed to cross many times on closing bases and has reversed to very low levels every time it crossed and I think we have reached short term swing high and any move to further highs depends upon with a confident close above 6350 for all time high levels and follow global trend of reaching 52 week highs in most of the markets.

We are in half way in election rally from 5930 which is recent 6 months low and we have moved by 400 points and on the way to reach 6700 in next two months if things pan out as expected in elections. I am sure this rally will not be one way move and should stay above 6400 for any high levelsa we are due for mild correction technically as market is overbought from these levels and that may come from 30 - 40 points higher from now, but is due shortly.

Intraday Levels
As indicated by cues we could open gap at around 6350 and if Nifty can trade above 6250 for 15 minutes we could see 6365 and 6380 and on the lower side below 6330  we could see 6315 and 6300.

Top pics for the day are BhartiAirtl, BankBaroda, Can Bank, Lic Hsg, Sun Pharma, Bata India and TechM for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Trend
Would look to sell on Bullion(GOld and Silver) and Energy(Crude and Natural Gas) and Buy  Metals but  suggest to buy/sell based on levels in live market and my above outlook is only based on broader trend based on previous days data

Pivot Level

Broader outlook for Feb 5th, 2104

Markets reversed Monday’s losses with the Nifty hitting the 6300-mark intraday for the first time since January on rally in global peers following easing tensions between Ukraine and Russia after Russian troops reportedly were ordered back to their bases.FII Bought INR 185.61 crs and DII Sold INR 344.50 crs.

Shorterm Trend
Nifty crossed 6240 and 6280 and closed at 6297 after hovering around this 6300 most of the day and has next resistance at 6312 and this uptrend is valid as long as Nifty stays above 6240 and if break this level for two days we could see 6180 and 6100. Next major resistance is at 6350 which has failed to cross many times and has reversed to very low levels every time it crossed and I think we have reached short term swing high and any move to further highs depends upon with a confident close above 6350 for all time high levels and follow global trend of reaching 52 week highs in most of the markets.

Intraday Levels
As indicated by cues we could open gap at around 6330 and if Nifty can trade above 6230 for 10 minutes we could see 6345 and 6360 and on the lower side below 6315  we could see 6300 and 6285.

Top pics for the day are SBIN, ICICIBank, LT, Tata Comm, YesBank, SSLT and CentTextile for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Trend
Would look to sell GOld, Crude and Natural Gas and buy Nickel and Copper Bullion to move up along with Crude and Natural gas where as would like to sell Metals but suggest to buy/sell based on levels in live market and my above outlook is only based on broader trend based on previous days data

Pivot Levels

Broader outlook for Feb 4th, 2014

The market snapped five-day winning streak on the first day of the week, tracking weakness in global peers as investors remained cautious over rising tensions in Ukraine. Gains in crude oil prices also weighed on the sentiment on the domestic bourses. FII Bought INR 198.53 crs and DII Sold INR 1566.31 crs.

Shorterm Trend
Nifty close below 6240, and reached 6221 and as of this uptrend is intact and if we were to move do we need to close below 6183 which is 50 DMA and 6170 which is 100 day DMA and so not easy to breach. Nifty should close above 6240 for any move back to recent highs for 6280 and has next resistance at 6312 and this uptrend is valid as long as Nifty stays above 6180 and if break this level we could see 6140 and 6100.

Told you yesterday that we may see ripples as we are seeing over bought situation and we may see consolidation at these levels. IT has seen correction which is not good indication and we may see further correction but it is not for shorting, it is only to buy more at lower levels.

Intraday Levels
As indicated by cues we could open flat and if Nifty can trade above 6245 for 10 minutes we could see 6260 and 6275 and on the lower side below 6215  we could see 6210
and 6195.

Top pics for the day are Maruti, Hero Motors, Titan, TataMotors, AdaniEnt, Tata Global and Relinfra for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Trend
Expect Bullion to move up along with Crude and Natural gas where as would like to sell Metals but suggest to buy/sell in them  based on levels in live market and my above outlook is only based on broader trend based on previous days data.

Pivot Levels

Broader outlook for March 3rd, 2014

Nifty edged higher on the first of the new series and last day of the month and closed at 6276. FII Bought INR 591.82 crs and DII Sold INR 12.02 crs

Shorterm Trend
Nifty crossed 6240, and reached 6280 which is a minor resistance and it seems we are going to see consolidation at these levels before seeing any new move and the type of data we have seen in India and China is not good and we may see some weakness also from Ukrine issue as it is esclating into a major issue. Nifty has next resistance at 6312 and this uptrend is valid aslong as Nifty stays above 6180 and if break this level we could see 6140 and 6100. We may see this happening with the type of support we are getting from particpants and only caveat is Ukrine issue which could create ripples in the market.

Intraday Levels
As indicated by cues we could open flat to negative and if Nifty can trade above 6280 for 10 minutes we could see 6295 and 6310 and on the lower side below 6240 for 10 minutes we could see 6225 and 6210.

Top pics for the day are   ICICI Bank, Biocon, TCS, TechM, Maruti and Sun Pharma for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
I expect bullion to be neutral, neutral in metals(buy in Nickel) and Buy in crude and natrural Gas but suggest to buy/sell in them  based on levels in live market and my above outlook is only based on broader trend based on previous days data.

Pivot Levels

Broader outlook and levels for Feb 28th

Nifty edged higher, with the market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks for the fourth trading session in a row and closed 6238 which is nearly 37 point up on expiry. FII Bought INR 511.15 crs and DII Sold INR 251.91 crs.

Shorterm Trend
Nifty crosse 6220 which is my second target from 6140 and has found resistance at 6240, now we below 6240 which is very strong resistance and I feel we can cross this we could 6280 and 6312 which may not be a one way move as we may see some consolidation to small correction, but market should stay above 6180 level sand below this level we we could see 6140 and  6100. This move truley based on Global cues and any reversal could reflect in our market more prominently.

Intraday Levels
As indicated by cues we could open positive and if Nifty can trade above 6260 for 10 minutes we could see 6275 and 6290 and on the lower side below 6140 for 10 minutes we could see 6225 and 6210.

Top pics for the day are   CESC, Bharat Forge, Siemens, TechM, Relcap and AxisBank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
I expect bullion to be neutral, sell in Copper and sell in Crude but suggest to buy/sell in them  based on levels in live market and my above outlook is only based on broader trend based on previous days data.


Pivot Levels

Broader outlook for Feb 26th, 2014

Nifty edged higher for the third trading session in a row and reached highest closing level  of 6200 since one month which is 13 point above previous days close. FII Bought INR 423.41 crs and DII Sold INR 289.12 crs

Shorterm Trend
Nifty stayed above 6180 and seems heading towards 6220, it almost all met its second target, but missed it by a whisker and for me, the important point is that we have closed above the 50-day moving average which is 6180. below 6140 we could see 6100 and  6040. On the higher side there is strong chance for Nifty to reach 6240 which is strong resistance area, but the way things are panning we could touch 6140 before touching 6240.

Intraday Levels
As indicated by cues we could open flat and if Nifty can trade above 6215 for 10 minutes we could see 6230 and 6240 and on the lower side below 6185 for 10 minutes we could see 6170 and 6155.

Top pics for the day are   Auro Pharma, Tata Steel Bharti Airtel, Lic Hsg, Coal India, BPCL and JSWSteel  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
I expect commodities to gain strength and suggest to buy in them  based on levels in live market and my above outlook is only based on broader trend based on previous days data.

Pivot Levels

Broader outlook for Feb 25th, 2014

Nifty edged higher on the first trading session of the week, with the market sentiment boosted by international cues.  FII Bought INR 266.87 crs and DII Sold INR 248.49 crs.


Shorterm Trend
Nifty stayed above 6140 for second day,and we are above my first target which is to 6180 and  now next target is 6220 and below 6100 we could see 6050 and  6000. As there is no leadership we may see some reversel very shortly and this situation will be clear in few days’ time.Nothing can be sure while we go in trade but it is likely to form a short to medium term top very sooner. It has technical trading resistances at 6220 and at 6262.  

Intraday Levels
As indicated by cues we could open in positive terrritory aIf Nifty can trade above 6195 for 10 minutes we could see 6210 and 6225 and on the lower side below 6166 for 10 minutes we could see 6150 and 6140.

Top pics for the day are   HCLTech, INFY, Sun TV, Lupin, Sun Pharma, Zeel and Axis Bank  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Pivot Levels

Broader outlook for Feb 24th, 2014

Nifty Key benchmark indices edged higher on the last trading session of the week, with the market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks.  Nifty closed at 6155 with positive bias. FII Bought INR 603.41 crs and DII Sold INR 381.55 crs.

Market outlook for week
Expiry of the near month February 2014 F&O contracts may trigger volatility on the bourses in a truncated trading week. Macroeconomic data, trend in investment by foreign institutional investors, trend in global markets, trend in other global emerging markets, the movement of rupee against the dollar and crude oil price movement will dictate the near term movement on the domestic bourses.  

For Indian market, it is cement, Auto, Pharma and technology stocks which are on front seat and also private banking has done well, but we are seeing banking sector being selled at every higher levels. Cyclicals seems to be gaining strength and we can look at Metals and other sectors, people are cautious and not taking long positions for domestic sectors and instead are concentrating export sector funds.

Shorterm Trend
Nifty crossed 6140, key is it should stay above this levels for one more day to move to 6180 and 6220 and below 6100 we could see 6050 and  6000, but the way market has reversed from lower levels and finding support is really good. Bulls were able to defend every down move as of now, but expect to trade in a range till we see further cues.

Intraday Levels
As indicated by cues we could open flat at 6150 - 5160 level and If Nifty can trade above 6165 for 10 minutes we could see 6180 and 619 5and on the lower side below 6140 for 10 minutes we could see 6125 and 615.

Top pics for the day are  HCLTech,Wipro, Biocon, ACC, Adani Ent, Axis  and Bank Baroda  for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
I expect commodities to gain strength and suggest to buy in them  based on levels in live market and my above outlook is only based on broader trend based on previous days data.

Pivot levels for Key Stocks

Broader outlook for Feb 21st, 2014

Nifty edged lower on concern foreign capital inflow will slow after a Federal Reserve report on Wednesday, 19 February 2014, showed support for a plan to reduce monetary stimulus for the US economy. Nifty closed at 6091 with negative bias whole day. FII Bought INR 206.46 crs and DII Sold INR 600.71 crs.


Shorterm Trend
Nifty went below 6140 and so was not able to stay above this level for second day which indicates we are not out of woods and this could be relief rally and to sustain this up it stay above 6140 for two days to move to 6180 and 6220 and if it stay below 6100 for one more day we are heading towards 6050 and  6000.


Intraday Levels
As indicated by cues we could open flat below 6000  and If Nifty can trade above 6105 for 10 minutes we could see 6120 and 6135and on the lower side below 6080 for 10 minutes we could see 6060 and 6050.

Top pics for the day are   Adani Ent, OBC, BankBaroda, Tata Steel, Divis Labs, Century Text and Ranbaxy for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
Would look to sell Gold, Silver, Nickel, Copper and Zinc where as look to buy Crude and Natural Gas , but suggest to trade based on levels in live market and my above outlook is based on broader trend based on previous days data.

Pivot Levels

Broader outlook for Feb 20th, 2014

Nifty edged higher and closed at 6152 which is 25 point above previous days close after RBI after trading hours on  18 February 2014, said it will conduct term repo auctions in March 2014 to address liquidity tightness in the banking system. FII Bought INR 468.47 crs and DII Sold INR 338.74 crs.


Shorterm Trend
Nifty crossed 6140, key is it should stay above this levels for one more day to move to 6180 and 6220 and below 6100 we could see 6050 and  6000, but I expect a small correction from current levels before making next move. Bulls were able to defend every down move as of now, but not sure how long it could continue to do.


Intraday Levels
As indicated by cues we could open weak near 6115 levels  and If Nifty can trade above 6140 for 15 minutes we could see 6155 and 6170 and on the lower side below 6105 for 15 minutes we could see 6090 and 6075.

Top pics for the day are  Sun Pharma, TCS, Adani Ent, Bharat Forge, CESC, Tata Motors  and ICICI Bank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
We are seeing profit booking in all commodities and expect this to continue and so suggest to look to  sell based on levels in live market and my above outlook is based on broader trend based on previous days data.

Pivot levels

Broader outlook and levels for Feb 19, 2014

Nifty edged higher for the second day in a row after Finance Minister P Chidambaram set a lower fiscal deficit target of 4.1% of GDP for 2014-15 at the time of announcement of the Interim Budget for 2014-15 on Monday .As stated before Nifty found resistance at 6140 after flat opening and closed at 6127 which is very good close with a gain of 53 points. Yesterday FII Bought INR 292.23 crs and DII Sold INR 154.83 crs.

Shorterm Trend
Nifty crossed 6100 and almost all met my target of 6140 and if it can stay above 6100 for one more day we could see Nifty touching 6180 - 6200 as momentum is there and Banking has done very well, if banking can do well it is not difficult to move to this level, but strongly feel it is not time for us to be complacent as it is not easy to sustain at higher levels as market requires strong legs and it seems it does not have them as of now. Now below 6040 we could go to 5980 and 5930 levels.

Yesterday we saw PSU banking moving up which has helped Nifty move up and if this contains I am sure we are going to see higher levels and if it is just short covering we may slide to lower levels, but things are not bearish and also Capital goods have gained yesterday after ABB has come up with very good results. Gold and Crude are at 3 - 4 months high.

Intraday Levels
We could open flat as indicated and If Nifty can trade above 6140 for 15 minutes we could see 6155 and 6170 and on the lower side below 6105 for 15 minutes we could see 6090 and 6075. Please look to buy in capital goods sector which has come down as lot, but will do well in short term.

Top pics for the day are  Axis Bank Auro Pharma, LT, Siemens, TechM, Sun Pharma and Kotak Bank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels

Will look to buy Gold and Silver, Crude, Copper Nickel and Zinc where as sell in Natural Gas but will suggest to trade based on levels in live market and my above outlook is based on broader trend based on previous days data.

Pivot levels of Key Stocks

Broader outlook and levels for Feb 18th, 2014

Nifty edged higher on the first trading session of the week after the Finance Minister P Chidambaram said that the fiscal deficit will be contained at 4.6% of GDP for the year ending 31 March 2014  and will be pruned further to 4.1% of GDP in 2014-15 and that the CAD will be contained at $45 billion in 2013-14. Nifty closes at 6075 and FII Bought INR 522.82 crs and DII Sold INR 245.17 crs

Shortterm trend
As I said Vote on account I feel is non event and is just a day event and we did not see any significant change in momentum and I strong feel crossing 6100 is very important and sustaining above this level for two days may move market to 6140 and 6180 levels and on the lower side  below 6040 I said we could see 5980 levels which is 200 day DMA and 5920 a we should take into consideration did not close below psychological 6,000 mark Other way if you want to trade range it is buy at 6000 and sell at 6100 market as state before.

What is looking good is private banking and Auto sector have seen good revival and where as PSU were still weak and could impact the move of the sector.Technical charts are still suggesting that if Nifty stands tall above 6075 then it can try to come near 6100-6105 marks for once. India VIX has come down by 5% to 15.83 and option PCR has come to 1.29.

Intraday Levels
We could open flat as indicated and If Nifty can trade above 6080 for 15 minutes we could see 6095 and 6110 and on the lower side below 6060 for 15 minutes we could see 6045 and 6030.

Top pics for the day are  Auro Pharma, M&M, DrReddys, CESC, Hexaware, Biocon and Adani Port for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
Will look to buy Bullion, Crude, Natural Gas, Copper and Natrual Gas where as  sell in Zinc and Lead but will suggest to trade based on levels in live market and my above outlook is based on broader trend based on previous days data.

Pivot levels of Key Stocks

Broader outlook and levels for Feb 17th, 2014

Nifty surged on the last trading session of the week as easing of inflation based on the WPI to 8-month low of 5.05%. Nifty opened well, but was not able to sustain and went lower to 5985 despite efforts to go up, but has found resistance at 6030 levels, but towards the end of the day rallied to 6048 which is a resistance zone. SBI is big loser because if it bad results. Negligible participation on Friday by both FII's and DII's.

Shortterm trend
I feel Vote on account I feel is non event and is just a day event, but dont see it changing any trend and I fell Gloabl events needed to be looked after for cues. As stated before below 6040 I said we could see 6000 and 5950 and Nifty has reversed from 5980 levels which is 200 day DMA.  As long as Nifty  closes above psychological 6,000 mark I dont see major issue, but above 6070 we could see 6100 and 6140 and Below 6000 we could see 5950 and 5920. Other way if you want to trade range it is buy at 6000 and sell at 6100 market.

Intraday Levels
We could open with gapup of 20 points and If Nifty can trade above 6070 for 15 minutes we could see 6085 and 6100 and on the lower side below 6050 for 15 minutes we could see 6035 and 6020.

Top pics for the day are  Tata Motors, Gail, Tata Elxsi, SBIN, TechM, Sun TV and Titan for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Commodity Levels
Will look to buy Copper, Gold , Crude and Sell Natural Gas, but will suggest to trade based on levels in live market and my above outlook is based on trend.

Pivot levels of Key Stocks