Thirdpersonmatt

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Sell RELIANCE below 1030, Target: 1010,980 SL: 1036

Buy Nifty futures above 2440, Target: 2460, 2475 SL: 2425

Sell Nifty futures below 2490, Target: 2470, 2450 SL: 2505

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Sell Reliance below 1120, Target: 1190, 1078 SL: 1128

Sell Icicibank below 340, Target: 330, 322 SL: 345

Sell Ntpc below 132.5, Target: 128,123 SL: 134

Sell LT below 720, Target: 705, 690 SL: 728

Sell BHEL below 1200, Target: 1180, 11650 SL: 1206

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On Friday, lot of short buildup is seen on front line stocks, G20 meeting was inconclusive as no concrete action, or solution was found. Dow plunged on Friday and Asia is trading mixed today. Intraday charts were showing selling pattern, we may very well see a volatile session. Here are some intraday calls that you can look for

Sell BHEL below 1272, Stop Loss 1278, Target: 1262. Sell TATAMOTORS below 134, Stop Loss 136, Target: 131. Sell RELINFRA below 504, Stop Loss: 507, Target 498.

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For the last few days the Indian share markets are hovering around the crucial 10,000 level in Sensex and 2800-3000 levels in the sensex. There are mixed news coming from different sources. The latest positive news coming in from Indian economy front is the inflation figures which has come down from 10.72% to 8.98%. It was huge sign of relief as far as inflation is concerned. It is the lowest figure since May 31 this year. It has been mainly due to falling crude oil prices world wide and also fall in some commodity prices.

But this hardly brought any smiles on the faces of the investor, as the Indian markets are reacting more to the global economic factors now than the positive cues. Down and Nasdaq have been falling badly of late since sometime now. Dow had fallen by 337 points to close at 8497 levels on last Friday. And Indian markets were also looking sluggish on the last trading day of the week. Sensex fell 151 points to close at 9385 levels and nifty closed at  2810 levels.

The sensex will face resistance at 9800 levels and some support at 9000 levels. The G20 group of companies are also meeting now to discuss the economic turmoil in the US and the world over. Mr.Manmohan Singh is taking part in the meeting to discuss how to bring out positive changes and plan things for the future. And as per the latest news the PMO has ruled out early elections next year owing to the financial turmoil. So all the factors are going to play some crucial roles in the coming days.

Its really a great time and opportunity to invest in the Indian share markets for long term and the stocks are at time low currently. And once this turmoil settles down the markets are very likely to bounce back to greater levels. Now is the time of value investing. Give it a good thought and accumulate some good scripts for long term.

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It has really been long since I posted in the blog again for some professional commitment. I hope I’ll be back soon and will carry on with the blog as usual. We saw a lot of fluctuation in the markets of late. Markets dipping as low as 7,600 levels. And Barack Obama also becoming the US president. All these developments have a lot of impacts on how the markets move and economy in general.
Here I post some intra day trading tips for Nov 10th: 

Sell M&M below 363, Stop Loss 366,Target 354. Buy Suzlon Energy above 73, Stop Loss 71, Target76. Sell Tata Motors Below 158,Stop Loss 160,Target 155. Buy ICICI above 441, Stop Loss 437, Target 450.

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