Update for PowerGrid:

If the stock falls below 132.65,keep the stoploss level between 133.10 and 132.90

Intraday Idea:

Power Grid Corporation of India BSE: 532898 | NSE: POWERGRID

SELL powergrid with an initial target of 132.20

Keep stoploss at 133.70 

Powergrid has mild support at 132.40. Start booking profits from this level.

Update:

BHEL has crossed the initial target of 234.50. Increase the stop loss level to 233.50 and wait for the stock to cross 234.90.

Partial or full profits can be booked at the level of 234.50 depending on the risk taken.

A very strong upward movement will take the stock to the levels of 235.40 and later towards 236.30/236.80.Use trailing stoploss levels.

Intraday Idea:
 
Risk level: High

Bharat Heavy ElectricalsBSE: 500103 | NSE: BHEL 

BUY BHEL with an initial target of 234.50

Keep Stoploss at 232.00

If the stock manages to cross 234.50;next target would be 235.20

Update for HCL info:

If the stock falls below 74.80, the new target will be 74.40/74.30

Intraday Idea:


HCL Infosystems BSE: 500179 | NSE: HCL-INSYS

SELL HCL-INSYS with a target of 75.00

Further downfall may take it to 73.60

Keep stoploss at 76.25

The stock has mild support at 75.30.book partial profits at this level 

Intraday Idea:

SELL Alembic Pharmaceuticals
BSE: 533573 | NSE: APLLTD

below 342 with a target of 340

Update for BHEL intraday :

Partial profits can be booked at the current level of 227.90

keep stoploss at 228.60

If the stock falls below 227.25, keep the stoploss at 227.70 

Short Term Idea:

Idea Cellular BSE: 532822 | NSE: IDEA

BUY Idea Cellular above 155 with a target of 167

Intraday:

Risk Level High

Bharat Heavy ElectricalsBSE: 500103 | NSE: BHEL

Sell BHEL with a target of 226.50

Keep Stoploss between 229.50 and 229.05

Further downfall may take it to 225.90

Intraday Idea:

Hindalco Industries BSE: 500440 | NSE: HINDALCO |


Buy Hindalco with a target of 188.10

The stock may reach 189.05

Intraday Idea:

SELL

HCL Infosystems BSE: 500179 | NSE: HCL-INSYS

with a target of 76.80

Keep Stoploss at 77.75 

If it breaches 76.80,next target would be 76.50.Use trailing stoploss levels.

Partial profits can be booked at 77.00

 

Short term Idea:

Indian Overseas BankBSE: 532388 | NSE: IOB

BUY with a target of 77.45(Mild Resistace at 75.50)

support at 66.30/63.40

Use the second resistance level as stop loss.

If the stock move above 80 with good volumes then it may reach the levels of 89/91.

Short term Idea:

Central Bank of India BSE: 532885 | NSE: CENTRALBK

BUY with  targets of  75/78

Support levels are 66.30/63.00
Keep Stoploss at 61.00.A fall below these levels will take the stock to 55.00.

Hi friends,

Investment Idea:

Prestige Estates Projects BSE: 533274 | NSE: PRESTIGE 


BUY  with a target of 299.

Support Levels are 237/232
Resistance Levels are 299/312


The stock may face mild resistance at the levels of 270 and 279.Those with short term plans can book profits starting from the levels of 263

Hi friends,

Update:

     Today Wipro has breached the second resistance level of 575.(Refer earlier post).If the stock continues its uptrend, the next resistance level will be 595

Update:

 TVS Motors has breached the second resistance level(Refer earlier post). Keep a stop loss between 165 and  168 and wait for the stock to reach 179. 

If the stock crosses 180,then the next target would be 184/188.

Hi friends,

Intraday Idea:

Vakrangee BSE: 511431 | NSE: VAKRANGEE

Buy vakrangee with a target of 142.
Keep Stoploss at 138.30

If the stock crosses 142, it may reach 142.90 and further uptrend will take it to 143.40.

Hi friends

Investment Idea:

Buy Lakshmi Vilas Bank BSE: 534690 | NSE: LAKSHVILAS

The company has approved rights issue in the ratio of 5 shares for every 6 shares. Also the results were good. Read the following links

http://www.thehindubusinessline.com/industry-and-economy/banking/lvb-q1-net-profit-rises-to-rs-2815-cr/article6217573.ece

http://www.thehindubusinessline.com/industry-and-economy/banking/lvb-board-approves-rights-issue-to-raise-rs-505-cr/article6217471.ece

http://www.thehindubusinessline.com/industry-and-economy/banking/lvb-revises-term-deposit-rate/article6217033.ece

BUY  Texmaco Rail and EngineeringBSE: 533326 | NSE: TEXRAIL with a target of 97/100.

Risk level : High

Timeframe: 2 days to 10 days

Stoploss level: 92 (Also use trailing stoploss levels if the stock crosses the first target).

If the stock breaches the second target it may reach the levels of 104.

Update:

Larsen and Toubro BSE: 500510 | NSE: LT has breached the second resistance level of 1650 in the starting hours of the market today.(Refer  earlier post).Keep a stop loss at 1630.

If the stock crosses 1665 it may reach 1690.Use trailing stoploss levels.

Update:

IDFC BSE: 532659 | NSE: IDFC has breached the first resistance level of 156 ( refer earlier post).Book partial profits now.


Keep the stoploss between 147 and 152 . The stock may breach the second resistance level of 166/168.


Read the following news and also the link.

"IDFC is up 4 percent as ina big push to infrastructure as the Reserve Bank of India has relaxed infra financing rules. Banks are exempted from SLR and CRR requirement for long-term infrastructure bonds. Priority sector lending norms are also eased. Affordable housing has got infrastructure status."



http://www.moneycontrol.com/news/business/rbis-easier-infra-lending-norms-not-applicable-to-us-idfc_1128520.html

Intraday Idea:

Tata Power Company BSE: 500400 | NSE: TATAPOWER

SELL Tatapower with a target of 104 and 103

Keep the stop loss level at 104.80 and 103.90

Risk level is very high, so maintain a very tight stoploss level and trailing stoploss levels.

Further downtrend may take it to 102.70

Revised target for NTPC is 146. Keep  stoploss at 147.30.

If the down trend continues the stock may test the level of 143.45 and 141.20. Use trailing stoploss levels.

Read the following news:

http://www.thehindubusinessline.com/economy/cerc-nixes-ntpcs-plea-for-rate-rejig-power-to-get-cheaper/article6210285.ece

Intraday Update for NTPC(Refer earlier post of NTPC today)

NTPC has touched 147.95. Keep a stoploss level of 148.45 and wait for the stock to continue the downtrend towards 147.45

Update:

Larsen and Toubro has crossed the mild resistance level of 1620.(Refer earlier post). Use a stoploss level of 1625 and wait for the stock to breach 1650.The company has secured good projects and raise in defence FDI is a positive for the company. So the stock may continue the uptrend.

Read the following links:

http://www.moneycontrol.com/news/buzzing-stocks/lt15-bags-rs-5076-cr-orderkuwait-oil-company_1126951.html

http://www.moneycontrol.com/news/business/modi-budget-raising-defence-fdi-cap-to-49-positive-strategic-lt_1125404.html

Hi friends,

Intraday Idea:

NTPC  BSE: 532555 | NSE: NTPC

SELL NTPC with a target of 148.45

Further down trend may take it towards 147.50

Use trailing Stoploss levels

Intraday idea:

Texmaco Rail and EngineeringBSE: 533326 | NSE: TEXRAIL

SELL Texrail with atarget of 89.85

Investment Idea:


Larsen and Toubro BSE: 500510 | NSE: LT


BUY L&T with a short term target of 1650 (the stock may find mild resistance near 1620)


Resistance levels: 1620/1650


Support levels: 1510/1450


If the uptrend continues the stock may move towards the levels of 1740.

Investment Idea:

Tata Power Company BSE: 500400   NSE: TATAPOWER

BUY Tata Power With a Target of 119.

Resistance levels : 119 and 125.

Support levels : 100 and 95.

Keep the Stop loss at 95. 

If the uptrend continues; after breaching 125 the stock may move to the levels of 130 and 140. Use trailing stoploss levels. 

Short term Investment Idea:

IDFC  BSE: 532659 | NSE: IDFC

BUY IDFC with a target of 165.

Resistance levels are 156 and 168.
Support Levels are 140 and 135.

If the stock continues the uptrend Resistance can be found at the levels of 177 and 184.In the medium term Resistance can be found between 210 and 215.

Hi friends,

Short Term Investment Idea:

ITC BSE: 500875  NSE: ITC

BUY  ITC after it crosses 350 

Target : 358.50/370

Keep Stoploss levels between 335 and 341

In the medium term it may test the levels of 390/400.

Update for Texrail:

If the downtrend continues the stock may reach the levels of 84/82.90 and a steep fall may push it to the levels of 76. Only enter the stock if it breaches 85.60.

Intraday Idea:

Risk level: high

Texmaco Rail and Engineering BSE: 533326 | NSE: TEXRAIL

Sell Texrail with a target of 89.50/88.50.

Keep Stoploss at 91.60

Hi friends:

Union Budget today. Watch out for power and infra stocks.Nifty and Sensex may remain flat till  the Budget session starts. However Railway shares will be volatile;mostly profit booking and lot of selling. 

Intraday Idea:

Risk level: high

Texmaco Rail and EngineeringBSE: 533326 | NSE: TEXRAIL 

SELL

Resistance: 99.50/102 

Support :95.70/94.80

Use stoploss at the resistance levels and sell 

Hi friends,

Economic Survey Report at 12 noon.Markets may run flat or become volatile till then. 

Hi friends,

Intraday idea:

National Buildings Construction Corporation BSE: 534309 | NSE: NBCC

Buy

Support levels 475/472

Resistance levels: 484/488/494/499 (multiple resistance levels after yesterdays crazy upward move)

keep stop loss at 469 and increase the stop loss levels according to the upward move. If it reaches 484,keep the stop loss level at 480.

Intraday Idea:

Dena Bank BSE: 532121 | NSE: DENABANK 

If Dena bank breaches 83.70 and continue the down trend it may reach 83.30/83.15.

Intraday Idea

Mahindra & Mahindra Financial Services BSE: 532720 | NSE: M&MFIN

Buy (risky)

Support between 274.25 and 274

Resistance at 277/279.20

Maintain very tight Stop loss levels

Intraday Idea:

Risky level: high

NTPC:

Buy

Resistance level: 159.20/160(If 159.40 level is crossed then use 159.20 as stoploss)
Support level : 158.50/158 (use the second support level as stoploss)

If the uptrend continues the resistance levels are 161.30/162.30.(Keep the Stoploss level between 160 and 161)



(If the trend reverses and it breaches 158, then SELL at 157.80 with a target of 157.20/156.80.)

Investment Idea:

Wipro BSE: 507685 | NSE: WIPRO 

Buy

 Short Term Resistance levels: 566/575

 Short term Support levels  : 548

Medium to long term Resistance levels:  595/622/645

Medium to longterm Support level:  528/499 

Intraday Idea:

Wipro BSE: 507685 | NSE: WIPRO 

Buy

Support level 551/549

Resistance: 556.40/558.50

Keep Tight Stoploss levels

Hi friends

Pratibha Industries BSE: 532718 | NSE: PRATIBHA

has reached 64.90.(Refer earlier post). Book Partial profits now and keep a stop loss at the levels of 60 and wait if the stock reaches the levels of 70.

Update:(intraday)

If Tata Motors breaches 469 exit from the stock.

Intraday Idea

Tata Motors BSE: 500570 | NSE: TATAMOTORS 

Buy :

Support at 471.25/470.70

Resistance at 474.50

Further Uptrend may move it towards 478

Hi friends,

Intraday idea:

Gujarat State Petronet BSE: 532702 | NSE: GSPL 

Sell

Resisatance at 93.45/93.55

Support at 93/92.80

Keep Tight Stopless levels and increase them according to the movement of the share.

If the downtrend continues the stock may fall towards 92.65 and further towards 92.30

NEWS


BSE says to close all markets due to network outage. Network service vendor HCL's team is working to resolve issue.  

Read more at: http://www.moneycontrol.com/news/local-markets/bse-shuts-all-markets-due-to-network-outage-nse-open_1118141.html?utm_source=ref_article

Update:

Change is Resistance and Support levels for Prime focus:

Resistance at the levels of 53.55/53.75
Support at the levels of 52.50 and further downtrend may take it to 52.20

Intraday Idea:

Prime Focus BSE: 532748 | NSE: PFOCUS 

Sell(risky one)

Resistance at : 53.70

Support  at  :52/51.80

Hi friends ,

Markets running flat.
Watch Prime focus and Hindalco

Short term investment Idea:

Dena Bank BSE: 532121 | NSE: DENABANK

BUY

Support levels: 80/81

Resistance Levels are: 93/95

95  is a strong resistance level for Dena Bank. If it breaches and continues the upward movement it may reach 102.

If the stock moves downward and breaches 80,it may fall to the levels of 75.

Investment Idea

Bharat ForgeBSE: 500493 | NSE: BHARATFORG 

BUY 

Short term Support levels are around 650/635/611

Short term Resistance levels are around 680/699

If the stock breaches the 611 level then it may fall to the levels of 580.

If the stock continues upward movement and crosses 699, then it may reach the levels of 725 and later 765.

Caution: Watch out for railway budget on July 8 and  Budget-2014 on July 10.

Intraday Idea:

Ashok Leyland BSE: 500477 | NSE: ASHOKLEY

SELL

Support levels are at 37.25/36.95
Resistance levels are 37.70/37.90

Maintain very tight stoploss levels.

Intraday Idea :

Hindalco IndustriesBSE: 500440 | NSE: HINDALCO 

If the stock breaches 175.50, then it may move towards 174.75

Update for apollo tyres.

Increase the stoploss levels to 204.80
Book partial profits between 205 and 205.30

Hi friends,

Intraday Idea:

Apollo TyresBSE: 500877 | NSE: APOLLOTYRE 

Resistance levels are 206.70
Support levels is 204.10
when buying keep a stop loss at 203.80

Dena BankBSE: 532121 | NSE: DENABANK reached 83.70. target of 83.50 may be reached.Maintain stoploss at 83.80

Update :

Dena BankBSE: 532121 | NSE: DENABANK  has reached 84.20. Book profits now.

Further downtrend may take it towards 83.50 but the call is risky. Maintain tight stop loss levels if you like to hold it for some more time.

Update:

Motherson Sumi Systems:BSE: 517334 | NSE: MOTHERSUMI touched 351.70 on intraday on heavy volume.If any one has bought it keep a stop loss of 348 or 344. 

(Refer earlier post today)

Further upside movement may take it to 362. If it breaches 362 and moves forward there is a good chance that it may reach 388 and later 425. 

How ever watch closely and increase your stop loss levels accordingly.

Investment Idea:

Amara Raja Batteries BSE: 500008 | NSE: AMARAJABAT

There may be mild correction in the stock.

Immediate support levels are around 450/455 and 420/425.A fall below these levels may take it to the levels of 370.

Immediate Resistance is around 490. Further resistance level can be found around 520. A breakout over that level may take it to levels above 550.

Intraday Idea:

Dena Bank BSE: 532121 | NSE: DENABANK 

Sell below 84.90 with a stop loss at 85.10

Buy at 84.10. Book partial profits at 84.50.

If the trend reverses good resistance can be found between 85.50 and 85.65.

Long Term Investment Idea:

Jamna Auto Industries BSE: 520051 | NSE: JAMNAAUTO

Long term resistance level is at 131

Long term support level is at 101.(This can be used as a stop loss)

It is a low volume stock, so a very slow mover.

Investment Idea:

Ceat BSE: 500878 | NSE: CEATLTD

Support level is at 656

Resistance level  is around 700 Further Resistance is at 730

Investment Idea:

Apollo Tyres BSE: 500877 | NSE: APOLLOTYRE

Immediate Support is at 193.85 and further support levels are at 184.60/178.

Immediate Resistance is at 209 and further resistance levels are at 218/224/233

Intraday Idea:

Apollo Tyres BSE: 500877 | NSE: APOLLOTYRE

Support level 201.65/201.30
Resistance 202.80/203.50

When buying Keep stoploss at 200.80

Intraday Idea:

Gujarat State Petronet BSE: 532702 | NSE: GSPL 

Resistance levels are 90.10/89.90

Support levels are 88.95/88.60

If the share breaches 90.15,then it may continue the upward journey toward 90.40 and further towards 91.00.

Sell bellow 89.90/90.10 with a stoploss of 90.10/90.25 and start booking profits from 89.30

Hi friends,

Short Term Investment Idea:

Motherson Sumi Systems:BSE: 517334 | NSE: MOTHERSUMI 

Immediate Support level is 306.55.Further Support levels are 297 and 281.

Immediate Resistance level: 331.50.Further Resistance levels are 347/362.