Weekly Market Outlook - Sent to Email Subscription Clients - Read previous disclaimers

We have uploaded the screen shots of the PDF we sent to our mailing list completely free of charge. To view these screen shots click on them and download them onto your computer and them zoom into them. To avoid this unnecessary hassle just drop us an email at dewang@denip.in or nimesh@denip.in and get the Weekly Market Outlook along with several intra day calls directly in your mailbox.

Previous disclaimer applies.

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Trading Ideas that YOU Missed !!

Following are the trading calls YOU missed by not subscribing to our mailers. We still provide these services free of cost and YOU can subscribe to the same by dropping an email to dewang@denip.in or nimesh@denip.in.

16 Calls given in the week, 1 Stop loss, 3 Open calls (In Profit) & Rest all (12) have completed our target !! YOU can do the calculation to find out the % Hit / Accuracy Ratio !!

·         ABB – CMP 796 for a target of 807

·         Target Completed!

·         Alstom projects – CMP 549 for a target of 555

·         Target Completed!

• Aban offshore – Long at 1212 for a target of 1248 Stop loss at 1205 (3% return)
• Stop loss triggered

• IVRCL Infra – CMP 331 & if it breaks 336 on a closing basis then 340 is on the cards (Possible 3% return)

o    Target Completed!

• Lanco Infratech – Long at 47.5 for a target of 48.3 (2% trading return) & target of 49.4 (4% short term return)

o    Target Completed!

·         Buy Kotak Bank at 759 for a target of 767.

o   Target Completed!

·         IOB buy at 93 for an up move to 95 & then to 100. (2% / 7% return. Keep a strict stop loss.)

o   Target Completed!

·         Lanco infra if it can take out 48 levels in cash then 49 is on the cards. CMP 47.9

• Target completed

·         Orbit Corp. looks like filling its gap at 265 – 270. We advise you to long this stock at 248 for almost 8% return.

o   Target Completed!

·         Jai Corporation is on the verge of break out at CMP of 251 for a target of 264 /270. Possible 5% - 7% return.

o   Target should be completed on Monday / Tuesday

·         Axis Bank – Short at 1121 for a target of 1105 (1.5% trading return)

.       Target Completed!

·         Everest Kant – Long at 123 for a target of 127 (3.3% trading return)

.       Target Completed!

·         NMDC – Long at 435 for a target of 444 (2% trading return)

.       Target Completed!

·         ABB – CMP 796 for a target of 807

o   Target Completed!

·         RCOM – Long since 163.5 for a target of 172

o   Day high of 167.4 but looks strong and should complete 171 / 172 on Monday /Tuesday.

·         Renuka Sugars – Long since 180 for a target of 185 / 190

o   Day high of 182.7 and 185 should be taken out on Monday and 190 on Tuesday

Post Budget Analysis.

Post Budget Analysis:

• Things that were not taken care in the Budget 2010:
• Inflationary pressure: There are 2 reasons to support it: Hike in oil prices and Excise duty hike by 2%.
• Oil Sector Mess: Minimal provision for Oil subsidy; No consideration for Kirit Parekh Report to deregulate Oil prices.
• Revenue deficit: The govt. has set its target, but execution will be the key. The targets are divestment Rs. 40000 Cr. 3G auction Rs. 35000 Cr and Oil subsidy reduction to 14800 Cr. from 60000 Cr.

What exactly is the equity market looking forward to post Budget:

• Corporate earnings for Q4 09-10: May surprise the market. Reasons could be excellent IIP  numbers, increase in revenues.
• Global Event: Countries like Greece, Portugal and Spain may face soverign default which may correct the Indian Market by 4-5%.
• Monsoon: Expectations are high from monsson.

Thanks,
Nimesh.

Market Views & Trends

Dear All,

Nifty should go up to 5155 levels now, as we expect Greece Govt to announce fiscal deficit roadmap which should help Euro stabilize.

$ in turn would fall which should help commodities, EM equity and Indian Markets to look up. We see post strong budget, we will have funds allocation resuming and our markets touching 5155.

Also, 5050 has been holding up and 5130 – 5150 should be the next resistances.

Positional Plays :

• Orbit Corp. - Long at 248 for a target of 265 / 270. (8% return)
• Jai Corp. - Long at 250 for a target of 264 /270. (7% return)

Trading Plays:

• IOB - Long at 93 for a target of 95 & then 100 (2% trading & 7% swing return)

Trading Ideas Sent for 3/3/10

• Aban offshore – Long at 1212 for a target of 1248 Stop loss at 1205 (3% return)
• Made a day high of 1244 & should complete 1248 tomorrow. Closed marginally above our buy price

• GSPL – Long at 89 for a target of 90.4 Stop loss at 88.5 (1% return)
• Made a day high of 90.7 completing our trading target

• IVRCL Infra – CMP 331 & if it breaks 336 on a closing basis then 340 is on the cards (Possible 3% return)
• Made a day high of 336.9 before closing at 335/ looks poised for 340

• Lanco Infratech – Long at 47.5 for a target of 48.3 (2% trading return) & target of 49.4 (4% short term return)
• Made a day high of 48.5 completing our trading target. 49.4 is on the cards.

All these ideas were sent to out mail subscription clients for free during the market hours. In case you want to receive these mails too during the market hours just drop us an email at dewang@denip.in / nimesh@denip.in

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Budget Impact on Sectors

Market Trend & Trading Stock Picks - 1st Week of March

Please find the images of the weekly market outlook as well as the trading account stocks.

The charts are showing a lot of stock breakouts. However we believe that a majority of them might actually be false breakouts.

We advise you to trade very carefully in the stocks going forward. Trading in options might not be advisable right now but selling a 5200call once Nifty reaches 5000 or selling a 4200PE once Nifty reaches 4400 would be prudent.

To view the images click on them or download them to your hard drive & then zoom in. The easier alternate is to subscribe to these services totally free of cost. Just drop an email at dewang@denip.in or nimesh@denip.in & receive the PDF directly in your mailbox.

Previous disclaimers apply to this post too.