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.