Friday 28 November 2014

Intraday Idea for Ashok Leyland


Ashok Leyland BSE: 500477 | NSE: ASHOKLEY

SELL Ashok Leyland  between 51.60 and 51.50

Target: 51.25 / 50.95

Stoploss: 52.00 


Update for SBI Shortterm Investment Idea


Refer post http://myequityobservations.blogspot.com/2014/11/short-term-investment-idea-for-sbi.html

The stock has reached the second target 321.00. Short Term Investors can book partial  profits at this level.

If the uptrend continues, the stock may reach the levels of 328.50 today.



Update for Dena Bank Intraday

The stock has reached the target of 60.80.
Book partial profits at this level.
Increase the stoploss to 60.30

Further uptrend will take the stock to 61.65 /62.55. 
Mild resistance at 61.10

If the stock crosses 61.30, Increase the stoploss to 61.00 and wait for the next targets



Update for Andhra Bank Intraday


The stock has reached the target of 86.45 and is currently trading around 86.70

Book partial profits at this level.

Intraday Idea for MRPL


Mangalore Refinery and Petrochemicals BSE: 500109 | NSE: MRPL
BUY MRPL

Target : 55.20 / 56.20 / 56.90

Stoploss: 53.00

Good Resistance at 55.90.

Intraday Idea for Andhra Bank

Risk :  High

Andhra Bank BSE: 532418 | NSE: ANDHRABANK
BUY Andhra Bank

Target: 86.45 / 87.10/ 88.15

Stoploss: 84.70

Mild resistance at 86.70 / 86.75

Update for SBI Intraday


The stock has reached the target of 317.90 and a high of 319.55.

Book profits at current market levels

If the uptrend continues the stock will reach 320.65 / 321.60

Keep stoploss at 317.00 and wait for the targets

A strong uptrend will take the stock to 322.40 / 324.20 / 327. High risk takers can aim for the targets with a stoploss at 314

Intraday Idea for GAIL

Risk : High

GAIL India BSE: 532155 | NSE: GAIL


BUY GAIL with a target of  495.00 /496 50

Stoploss : 488.80

The stock has mild resistance at 493.90. Be  cautious at this level.

Intraday Idea for BHEL


Bharat Heavy Electricals BSE: 500103 | NSE: BHEL

SELL BHEL between 280.10 and 279.40

Target: 277.35 /275.10

Stoploss : 283

*********************************************************************************

Risk : High

BUY BHEL between 287.15 and  287 .70

Target: 288.85 / 290.70 / 293.70

Stoploss: 284





Intraday Idea for Dena Bank

Risk : High


Dena Bank BSE: 532121 | NSE: DENABANK
BUY Dena Bank

Target : 60.35 / 60.80

Stoploss : 59.20

Update for Amtek Auto


The stock has mild resistance at 216.70 .

Book partial profits at this level

Intraday Idea for ONGC


Oil and Natural Gas Corporation BSE: 500312 | NSE: ONGC

BUY ONGC between 386.35 and 386.80

Target: 388.15 / 389.60 /391.90

Stoploss: 384

Risk Takers can BUY the stock at current level with an initial target of 385.30 and 386.20

Intraday Idea for Amtek Auto


Amtek Auto BSE: 520077 | NSE: AMTEKAUTO


BUY Amtek auto between 215 and 215.40

Target: 217.30 /218.80

Stoploss: 210

Further uptrend will take the stock to 221

Intraday Idea for SBI


State Bank of India BSE: 500112 | NSE: SBIN


BUY SBI between 312 and 312.35

Target: 313.25 / 314.15

Stoploss : 310

Further uptrend will take the stock to 315.60 /317.90

Thursday 27 November 2014

Update for Ashok Leyland Intraday


The stock has reached the first target of 51.25.



Update for Infosys Investment Idea


Refer the post  http://myequityobservations.blogspot.com/2014/10/investment-idea-risk-high-infosys-bse.html

The stock has reached the short term target of 4328. Short term investors can book profits at current levels.

For medium-term  to long-term investors , Increase the stoploss to 4180 and wait for the next targets

The stock has mild resistance around 4395

Intraday Idea for Sunpharma


Sun Pharmaceutical Industries BSE: 524715 | NSE: SUNPHARMA

BUY SUN Pharma

Target:  849.30 / 850.40 / 852.00


Stoploss: 844.35

The stock has mild resistance at 849.80.

Book partial or full profits at that level.

Intraday Idea for AshokLeyland

Risk: Very HIGH

SELL AshokLeyland

Target: 51.25 / 51.00

Stoploss: 51.95

Update for GAIL Intraday

GAIL has reached the stoploss level

Intraday Idea for GAIL


GAIL India BSE: 532155 | NSE: GAIL
BUY GAIL

Target: 499.40

Stoploss: 489.20

The stock has mild resistance at 497.70. Book partial or full profits at this level


Further uptrend will take the stock to 499 and 501
Markets are running flat

Wednesday 26 November 2014

Update for MOIL Intraday

The stock has reached the target of 324.35

Book profits at this level.

Further uptrend will take the stock to 325.75 / 326.50 / 329

Keep stoploss at 323.40 and wait for the targets

Intraday Idea for ONGC


Oil and Natural Gas Corporation BSE: 500312 | NSE: ONGC

BUY ONGC between 391 and 391.70

Target : 392.70 / 393.30 / 395.55

Stoploss:  387

Strong uptrend will take the stock to 398.80

Intraday Idea for GAIL


GAIL India BSE: 532155 | NSE: GAIL


BUY GAIL with an initial target of 494.45

Stoploss : 487.20

Strong uptrend will take the stock to 498.00 / 498.80

Intraday Idea for SBI


State Bank of India BSE: 500112 | NSE: SBIN

BUY SBI between 307 and 307.25

Target: 307.95 / 308.65

Stoploss: 306

High risk takers can buy the stock at current levels with an initial  target of 306.50



Markets are running flat

New Stoploss level for MOIL


Place stoploss level for MOIL to 317.00 and 315.50

Update for Hindalco Intraday


Hindalco Industries BSE: 500440 | NSE: HINDALCO

BUY between 164.60 and 165

Target: 165.80 / 166.70

Stoploss: 163.80


Intraday Idea for Hindalco


Hindalco Industries BSE: 500440 | NSE: HINDALCO
SELL Hindalco between 162.10 and 161.80

Target: 161.20 /160.55 / 159.50

Stoploss: 163

Intraday Idea for BHEL

Risk: Very High

Bharat Heavy Electricals BSE: 500103 | NSE: BHEL
SELL BHEL with a target of 267.65

Stoploss : 273

Intraday Idea for Amtek Auto

BUY Amtek Auto

Amtek Auto BSE: 520077 | NSE: AMTEKAUTO
Target : 203.05 / 204.10  / 205.80

Stoploss: 198.65

Intraday Idea for MOIL


MOIL BSE: 533286 | NSE: MOIL
BUY MOIL betweeen 322.10 and 322.45

Target: 323.40 / 324.35

Stoploss: 318.75

Stocks to Watch

Tuesday 25 November 2014

Intraday Idea for SAIL

Risk: High
Steel Authority of India BSE: 500113 | NSE: SAIL

BUY SAIL with an initial target of 84.70

Stoploss : 83.25

Further uptrend will take the stock to 85.20 / 85.70

Increase the stoploss to 84.70 if the stock reaches 84.95


Update for MOIL Intraday

The stock has reached the target of 312 and currently trading at 314.75

Book full profits.


A move below 312  will take the stock to 310 / 309 / 307 /305.80

SELL the stock below 312 with a stoploss at 314.70 (involves risk)


Intraday Idea for Hindalco


Hindalco Industries BSE: 500440 | NSE: HINDALCO

SELL Hindalco between 158.40 and 157.80

Target: 156.30 / 154.70

Stoploss: 161

High risk takers can SELL the stock at current level with an initial target of 158.80 and a stoploss of 163

Intraday Idea for BHEL

Risk: High

Bharat Heavy Electricals BSE: 500103 | NSE: BHEL
BUY BHEL

Target:  264.65 / 266.45

263.55 and 264.65 are good resistance levels. 

Keep stoploss at 259

If the stock moves above 267,

The targets are 268.35 / 271.15 /274

********************************************************************************************************

If the stock falls below 258.60,

SELL with an initial target of 257.65

Further downtrend will take the stock to 256.85 /254.90


Intraday Idea for SuvenLife sciences

Risk : High

SELL Suven

Target :  194.55/ 193.30 / 192.70 /190.60

Stoploss :  198.10

Update for SSLT Intraday


The stock has reached the target of  231.45

Book partial profits at current level

Increase the stoploss to 232.85 and wait for the next targets of 230.10 and 227.90

Intraday IDea for SSLT


Sesa Sterlite BSE: 500295 | NSE: SSLT

SELL SSLT

Target : 231.50 / 230.10

Stoploss: 236.35

Strong downtrend will take the stock to 227.90

Intraday Idea for Dhanlaxmi Bank


Dhanlaxmi Bank BSE: 532180 | NSE: DHANBANK


SELL Dhanbank with a target of 43.25

Update for HDFC Bank Intraday

The stock has reached the target of 949.10

Book partial or full profits at this level.

A strong move above 950 will take the stock to 952.10 / 959

HDFCbank Intraday

Risk: Very High

BUY HDFC Bank above 944.80

Target : 946.30/ 947.40/949.20

Stoploss: 942.00

MOIL Intraday


MOIL BSE: 533286 | NSE: MOIL

SELL Moil between 316.70 and 316.20

Target : 315.70 / 315.10/ 314

Stoploss: 320.15

Strong downtrend will take the stock to 312

Monday 24 November 2014

Update for Hindalco Intraday


The stock has reached the target of 167.65 and a high of 167.80

Book profits at this level.

A stronger uptrend will take the stock to 169.10

High risk takers can continue to hold the stock with a stoploss at 165.90


Investment Idea for MOIL


MOIL BSE: 533286 NSE: MOIL SECTOR: MINING/MINERALS

BUY

Short term Investors can BUY the Stock with an initial target of 340.

Good  Resistance at 340

Mild Resistance at 321(partial profits can be booked at this level)

Support levels are 272 / 260 / 210 / 180

Medium & Long term investors can aim at the levels above 410

Targets for Short term : 340 ,370, 386 
Targets for Medium Term, 401, 434, 
Targets for Longterm 500, 590 ,628

Fundamentals of MOIL (Source: The Hindu Business Line):
  • State-owned MOIL is  the largest domestic producer of manganese ore.
  • The company holds about 44 per cent of the country’s reserves of medium and high-grade ore. In 2013-14 MOIL produced  40 per cent of the local production. 
  • A recent report by the Indian Bureau of Mines projects manganese ore demand in 2020-21 to be over 9 mt and estimates local production at 5 mt. 
  • The company plans to double its output to 2 mt by 2020-21. It expects to produce 1.5 mt annually by 2016-17 by expanding its existing mines.
  •  MOIL has received licences to prospect around 600 hectares (11 blocks) near its existing mines in Maharashtra, to open around four new mines. 
  • It has also entered formed a joint venture with Steel Authority of India and Rashtriya Ispat Nigam to produce manganese alloys.
  • The company has a large cash balance of Rs. 2,792 crore (as on March 31, 2014) to comfortably fund its proposed expansion
  • One concern, however, is the fall in manganese prices.
  •  The company also pays dividend regularly. For 2013-14, it paid Rs. 7.5 per share, a dividend yield of 2.4 per cent at current prices


Short term Investment Idea for SBI


State Bank of India BSE: 500112 | NSE: SBIN


BUY

Target 1 : 312

Target 2 : 321

Target 3 : 330

The Stock has support at 283 / 265 / 236

Use 283 as stoploss for Target 1 and Target 2

Use 265 as stoploss for Target 3

Stronger uptrend will take the stock to 359 and 407

If the stock crosses 340, Increase the stoploss to 330

Support at 236 can be used as stoploss for medium to longterm Investors

Intraday Idea for NMDC

Risk : High

BUY NMDC

Target : 148.20 /148.80

Stoploss : 147

Stronger uptrend will take the stock to 149.45

Update for Sunpharma Intraday

The stock has reached the target of 835.50 and a low of 835.10

Book Partial Profits at this level

Intraday Idea for Hindalco

Risk: High

Hindalco Industries BSE: 500440 | NSE: HINDALCO


BUY Hindalco with a target of 167.65

Stoploss : 164

Intraday Idea for Sunpharma


Sun Pharmaceutical Industries BSE: 524715 | NSE: SUNPHARMA

SELL Sunpharma

Target : 839.30 /  837.60 / 835.50  / 832.10

Stoploss :  845

Intraday Idea for Sesa Sterlite


Sesa Sterlite BSE: 500295 | NSE: SSLT

BUY between 245.75 and 246.20

Target: 247.35 /248.65 / 250.75

Stoploss : 243.15

Friday 21 November 2014

Update for Dena Bank Intraday

The stock has reached the second target of 61.05


Further uptrend will take the stock to 61.60 and 62.05

Increase the stoploss to 61.20, if the stock crosses 61.45

Update for Amtek Auto Intraday Sell Idea

The stock has reached the target of 206.10

Update for YesBank Intraday

The stock has reached the target of 699.30

Update for KotakBank Intraday

The stock is currently trading at 1224.

If the stock crosses the level of 1257 /1262;

the targets would be  1275 / 1288.

A very strong uptrend will take the stock to 1310

Intraday Idea


Amtek Auto BSE: 520077 | NSE: AMTEKAUTO

SELL Amtek Auto

Target: 206.50 / 206.10 / 205.35

Stoploss : 208.20

Intraday Idea

Risk: High

Sun Pharmaceutical Industries BSE: 524715 | NSE: SUNPHARMA


SELL Sun Pharma

Target:  844.80

Stoploss: 852.80

The stock has mild support at 848.00

Intraday Idea


Dena Bank BSE: 532121 | NSE: DENABANK


BUY Dena bank

Target : 60.80 /61.05

Stoploss : 60.30

Intraday Idea

Risk : High

Amtek AutoBSE: 520077 | NSE: AMTEKAUTO

BUY Amtek Auto with an initial target of 210.10

Intraday Idea


Yes Bank BSE: 532648 | NSE: YESBANK
BUY YES Bank with an initial target of  699.30

The stock has mild resistance at 697.25

Stoploss : 692


Intraday Idea

Risk : High

State Bank of India BSE: 500112 | NSE: SBIN

SELL SBI below 296.80

Target: 294.60

Stoploss:  298

High risk takers can SELL the stock at current levels with an initial target of 297.25

*******************************************************************************

BUY the stock above 298.90 with an initial target of 300.15

Short Term Investment Idea


Kotak Mahindra Bank BSE: 500247 | NSE: KOTAKBANK

BUY 


The stock may reach the level of 1326 / 1390 next week.

Support at 1162 / 1145

Intraday Idea


ING Vysya Bank BSE: 531807 | NSE: INGVYSYABK

BUY INGVysa between 870 and 880

Target : 901 / 909

Stoploss: 841

High risk takers BUY the stock at current level with an initial targets of 842 / 864.

Keep stoploss at 805

Intraday Idea


Kotak Mahindra Bank BSE: 500247 | NSE: KOTAKBANK

BUY KotakBank

Target: 1209/1254/1300

Thursday 20 November 2014

Wednesday 19 November 2014

Update for Sun pharma Intraday


The stock has reached the level of 860 and a low of 855.25
Partial profits can be booked at the level of 860.

Intraday Idea


Ashok Leyland  BSE: 500477 | NSE: ASHOKLEY |

SELL AshokLeyland between 53.00 and 52.90

Target: 52.65 / 52. 40 / 51.95

Stoploss : 53.50

*****************************************************************************

If the stock breaches 53.65 and moves upward, BUY the stock with initial target of 53.80 (involves high risk)

Stronger uptrend will take the stock to 54.10 

Intraday Idea


Motherson Sumi Systems BSE: 517334 | NSE: MOTHERSUMI

BUY Mothersumi between 450 and 452

Target : 453.65 / 455.65 / 459.95 /466.90

Stoploss : 444.00


Intraday Idea

Risk: Very High

Amtek Auto BSE: 520077 | NSE: AMTEKAUTO

SELL Amtek Auto with a target of 206.50  / 204.95

Stoploss: 209.65

Stronger downtrend will take the stock to 202

If the stock falls below 203, Increase the stoploss to 204.50

Intraday Idea


Tata Steel BSE: 500470 | NSE: TATASTEEL



BUY TATA STEEL between 490.55 and 491.25

Target: 494.55/ 496 / 500

Stoploss : 485

Intraday Idea

Risk: High

Hindalco Industries BSE: 500440 | NSE: HINDALCO

SELL  Hindalco with an initial target of 156.20

Intraday Idea

SELL SUN Pharma between 868.70 and 864.70

Target: 854.30 / 843.80 /827

Stoploss :  881

The stock has mild support at 860. Book partial profits at this level

Tuesday 18 November 2014

Intraday Idea


Hindalco Industries BSE: 500440 | NSE: HINDALCO

BUY Hindalco between 161.00 and  161.30

Target : 162.10 / 163.00 / 164.40

Stoploss : 158

High Risk takers can enter the stock at current levels  with  a stoploss of 156.80  and with an initial target of 159.80

Update for PCJewellers



The stock has reached the first target of 243.95 and changed the trend

The stock has good resistance at 249 / 250.50 and Support at 245


Intraday Idea


PC Jeweller BSE: 534809 | NSE: PCJEWELLER

Risk : Very High

SELL PC Jewellers

Target : 243.95 / 241.50

Stoploss: 249

Monday 17 November 2014

Investment Idea


Dishman Pharmaceuticals & Chemicals BSE: 532526 | NSE: DISHMAN

 
Support : 124 / 103 /89

Resistance : 150 / 169 /180 /215

BUY near the support levels.

The Stock can be bought at current levels with a target of 180 and 210. Stoploss will be 100.

Short Term Investment



NCC BSE: 500294 | NSE: NCC

BUY NCC

The stock has good resistance at 70.00. 

Target: 74.10 / 81.00

Stoploss : 58.10

Support Levels: 55.75 / 44.80 / 34.00



Intraday Idea


Tata Motors BSE: 500570 | NSE: TATAMOTORS

BUY TATA Motors between  540.70 and 542.40

Target : 546.70 /551.10

Stoploss: 535.00

High risk takers can enter the stock at the current levels with an initial target of 539.40.

Keep stoploss at 530.20

Update for TATA Steel Intraday

Risk: High

If TATA Steel opens in negative and below 472.50

SELL with a target of 470.15/ 467.20 /462.35

Keep stoploss at 479 or 475 according to your risk -ability


Intraday Idea


Tata Steel BSE: 500470 | NSE: TATASTEEL 


BUY TATA Steel between 483.50 and 484.80

Target: 488.25 /  490 / 491.80 / 497.50

Stoploss : 474.90 ( 478.80 can be use to minimize risk)

If the stock crosses 492 , increase the stoploss to 488.00


Friday 14 November 2014

Update for Optocircuits Intraday Idea


The stock has reached the second target of 22.90

Book full or partial profits at this level

Update for Amtek Auto Intraday SELL Idea


Amtek Auto has reached the target of 213.60 and reached a low of 206 

If the stock falls below 206.50,

the  downtrend will take the stock to  205.60 / 204 / 202.80 / 200 

High risk takers can keep stoploss at 210.40 and try for the targets

Be cautious,there is a good chance for the stock to change direction and move towards 210.

If the stock crosses 211 , the stock may move towards the level of 213 ( good resistance at this level)

Intraday Idea


Tata Steel BSE: 500470 | NSE: TATASTEEL


BUY TATA STEEL between 483.20 and 484.30

Target: 487.35 / 491.35 /497

Stoploss : 476.55

Update for Hindalco Intraday

Hindalco has crossed the second target of 156.90

Partial profits can be booked at this level

Increase the stoploss to 156.20 and wait for the next target of 158.80

Intraday Idea

Hindalco Industries BSE: 500440 | NSE: HINDALCO

 BUY Hindalco

Target : 156.10 / 156.90 / 158.80

Stoploss: 152.90


Very Strong uptrend will take the stock to 160.30 and 163.80


Intraday Idea

Risk : High

Opto Circuits India BSE: 532391 | NSE: OPTOCIRCUI

SELL Optocircuits

Target : 23.00 / 22.90 / 22.75

Stoploss : 23.50

Strong downtrend will take the stock to 22.50

Intraday Idea


Oil and Natural Gas Corporation BSE: 500312 | NSE: ONGC

BUY Ongc between 394.90 and 395.20

Target : 397.20 / 399.20

Stoploss : 389.50

High risk takers can enter the stock now with a stoploss of 390.50

Intraday Idea

Risk: High

Amtek Auto BSE: 520077 | NSE: AMTEKAUTO


SELL Amtek Auto with an initial target of 216.60

The stock has mild support at 217.90 

Stronger downtrend will take the stock to 213.60 


Intraday Idea

 
Amtek Auto BSE: 520077 | NSE: AMTEKAUTO
BUY Amtek Auto between 225.40 and 226.05

Target: 227.60 / 229.25 / 232.10

Stoploss :222.50 for the first two targets

Stronger uptrend will take the stock to 236.30


Intraday Idea

Risk: Very  High


Hindalco Industries BSE: 500440 | NSE: HINDALCO
BUY  Hindalco

Target: 152.60/ 153.20

Stoploss: 151.30

If the stock falls below 151.30 SELL with a target of 149.60

Thursday 13 November 2014

Wednesday 12 November 2014

Intraday Idea

Risk : High

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


SELL PowerGrid

Target :143.40 / 143.10 / 142.20

Stoploss : 146

Update for TATA Steel Intraday

Tata Steel has reached the first target of 474.95

Place the stoploss between 478.70 and 477.10 and wait for the next targets

Intraday Idea


Tata Steel BSE: 500470 | NSE: TATASTEEL   

SELL TATA Steel with an initial target of 474.95

Stoploss : 483

Further downtrend targets: 472 / 470 / 463

Intraday Idea


Texmaco Rail and Engineering BSE: 533326 | NSE: TEXRAIL


BUY Texrail above 112

Target: 115.10 /117.20

Stoploss : 109.65

Tuesday 11 November 2014

Update for Apollo Hospitals Intraday

The stock has reached the target of 1128

Book profits at this level.



If the stock falls below 1125.90,the targets are

Target: 1122.60 / 1118 / 1114 / 1110

Keep stoploss at 1130

Update for Suzlon Intraday

The stock has reached the target of 13.65

Book profits at this level

The stock may further move towards 13.30

Increase the stoploss to 13.95 and wait for the target

Intraday Idea

Risk: High
 
Suzlon Energy BSE: 532667 | NSE: SUZLON

SELL SUZLON

Target: 13.65

Stoploss: 14.30

Stronger downtrend will take the stock to 13.30

Update for Apollo Hospitals Intraday

The stock has reached the target of 1137

Book partial profits at the current level

Increase the stoploss to 1142

Further downtrend will take the stock to 1128

Short-term Investment Idea


Cadila Healthcare BSE: 532321 | NSE: CADILAHC


BUY Cadila Healthcare

Target : 1580

Stoploss: 1410

Mild Resistance at 1544 (be cautious at this level)

Further uptrend will take the stock to the levels around 1602 / 1659

Update for Apollo Tyres Intraday

The stock has reached the target of 230.30

Book partial profits at this level

Increase the stoploss to 232 and wait for the next target

Further downtrend will take the stock to 225

Update for Optocircuits Intraday


The stock has reached the first target of 22.70

Intraday Idea

Opto Circuits India BSE: 532391 | NSE: OPTOCIRCUI

SELL Optocircuits

Target : 22.70 / 22.55 / 22.20


Stoploss  : 23.25







If the stock falls below 22.50, change the stoploss to 22.65