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.