Nifty Budget Analysis and Stock Tips 16th March 2012 , Nifty to hit 5600 ?

16th March 2012 is what investors have been waiting for the " Budget Day " . Which is very dangerous for most day traders to either Make or Break their portfolio unless guided well with precise analysis !
At www.Dailynifty.in we simplify our language for all investors to understand our trading strategies and recommendations.

On Budget day our recommendation is the " Power Industry / The Energy Sector "

Top Picks (NOTE : PRICES ARE MENTIONED ACCORDING TO THE BOMBAY STOCK EXCHANGE)
( Stop loss need not be mentioned on Budget day for the stocks mentioned below )

1) Alstom Project :- Buy with targets of Rs.525 (Hold until April)
2) Buy CESC only above Rs.310.60 with targets of Rs.343)
3) BUY SJVN with targets of Rs.22.5 (HOLD UNTIL APRIL)
4) (WATCH ENERGY DEVELOPMENT COMPANY)
5) SELL TORRENT POWER WITH TARGETS OF 198.5 MAINTAIN A STOP LOSS OF RS.219
6) BUY RENUKA SUGAR WITH TARGETS OF RS.50 (HOLD UNTIL APRIL)

Nifty Technical Analysis 14th March 2012

Buy IFGL Refractors with targets of Rs.43.80 and Rs.45 maintaining a Strict Stop loss of Rs.38. Current Market price is Rs.40.40.

Buy ATN International Only above Rs.1.06 with targets of Rs.1.40 Stop loss can be adjusted in between Rs.0.70 to Rs.0.80

Buy JPpower only once crosses above RS.44.6 or SELL if remains BELOW RS.44.6
Rs.44.6 is strong Pivot level

Sell Wipro with targets of Rs.420 and Rs.399.

Our Recommendation on the Nifty is to hold long positions as long as 5420 holds with next targets of +20 points ahead of today's closing price. However Nifty has strong resistance level at 5520, which once broken will lead towards 5600.
If 5520 is not broken we would have to wait for budget day for a turn around or a bounce back up . therefore watch 5520 levels !

Good luck trading ,

Trading strategies for the 14th Feb 2012

The Sensex has way to move up another 350 pts after mondays close at 17772.84
with resistance at 18132 and Support levels at 17596 once broken would lead towards 17300

The resistance mark of 18132 is a very crucial level for a turning point in the markets
a break above 18132 will lead the Index towards 18440 and 19120.


The Midcap index is trading above its 200 day moving average which acts as a very strong
resistance point for Midcap stocks,Tte Midcap Index is positive as long as it
holds above the 6260 Mark with targets of 6340 6476 for the week. Supports lie at 6260 and 6153.

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buy gspl above Rs.80 with targets of Rs.92 , SL 79.80 CMP 84.9 (Duration 14 days)
buy escorts above Rs.86.75 with targets of Rs.92 and 100 (Duration 15-20 days)

Nifty Prelim Bullish price objective at 6900

Nifty Prelim Bullish Price objective at 6900.

Click here to view Chart (Point and Figure charting)

Stock Tips 6th Febuary 2012

Buy Shree Cement above 2323.95 once above 2323.95 targets are 2350 and 2450(Daily)

Buy century ply with targets of Rs.60 SL 53.80 (BTST)(Intraday)

Buy development credit bank with targets of 48 and 49

Buy VIP industries with targest of 124.9 with stop loss of 96.50 (Weekly)

Buy chambal fertilizers (Intraday)

Gold Is not A Hedge against Inflation But a Hedge against the Dollar!

After the Fed's Speech The US Dollar went plummeting, Following a crash in the Bonds and T-notes crashing to new lows. An Increase in the Price of Oil and Major currencies against the Dollar will have an impact with the Asian stock market.
Look for our next targets towards 5400 on the Nifty by the End of March 2012.

Stock Specific : Gold took a U-Turn once again from its lows after Ben Bernanke's dovish speech currently trading at 1720 while I am writing this. Our next trades on the National Stock exchange will be to purchase Gold Stocks! and Gold mining Stocks!

Recommendation : Purchase Gitanjali at Current market price or the opening price on Friday once markets open.
Technical: the eight day money flow index has crossed its lows with FII funds flowing into Gold stocks In India.
RSI has strengthened crossing above RSI 36.50.

Recommendation :- Purchase Deccan Gold

Nifty January 2012

The fourteen day period (Relative strength Index) RSI on the Nifty has risen above 50+ Levels towards 59.27 which Indicates a breakout on the Nifty above 4932 which acts as Pivot level for the month of January 2012.

Fibonacci retracement levels on the Nifty if broken above 4932 can lead towards 5024 and 5127. Recommendation : Stay long on the Nifty once 4930 level is Broken with targets of 5127 and 5400 till the end of March '12.