India Stock Technical Analysis Guide: November 2012

Friday, November 30, 2012

Pick of the Week :Buy United Phosphorus

United Phosphorus (Close 117.80) :Buy above 117.70 with stop loss of 115 for target of 125 and 129.

Stock of the day : Buy Shree Renuka Sugars

Shree Renuka Sugars (Close 31.20) Buy above 31.25 with stop loss of 30.60, for target of 32.90 and 34.35.

Short term trading idea : Buy GMR Infrastructure

GMR Infrastructure (Close 18.60) Buy above 18.45 with stop loss of 17.70, for target of 21.

Update : Hindalco Industries

Short term trading idea given on 22.11.2012 to buy Hindalco, made a high of 116.70 today. Book Profits.

Update : LIC Housing Finance

Short term trading Idea given on 24.11.2012, to buy LIC Housing Finance, made a high of 266.50 today. Book Profits.

Update : Reliance Infra

Short term trading idea, given to buy Reliance Infra on 29.11.2012, made a high of 488.70. Continue to hold the stock for target of 524.

Update : CIPLA & IDFC

Intra day call given yesterday to buy IDFC & Cipla, almost achieved their targets today.

Thursday, November 29, 2012

Short term trading idea : Buy Reliance Infra

Reliance Infra (Close 476.30) : Buy above 476.50 with stop loss of 469 for short term target of 524.

Stock of the day : Buy IDFC & CIPLA

Cipla (Close 404.55) : Buy above 405 with stop loss of 401 for intra day target of 410, 417.

IDFC (Close 167.25) : Buy above 167.30 with stop loss of 165.90 for intra day target of 171.45 and 174.90.

Wednesday, November 28, 2012

Short term trading Idea :Buy Godrej Consumer Products

Godrej Consumer Products (Close 710.90) : Buy above 705 with stop loss of 695, for target of 720, 730 and 746.

Short Term Trading Idea : Buy Hexaware Technologies

Hexaware Technologies (Close 109.75) : Buy above 109 with stop loss of 106.90, for short term target of 114 and 116.90.

Saturday, November 24, 2012

Short term trading idea : Buy LIC Housing Finance

LIC Housing Finance (Close 245.40) : Buy above 245.50 with stop loss of 241 for target of 279.

Friday, November 23, 2012

Pick of the week : Buy Marg Limited

Marg Limited (Close 69.05) : Buy with stop loss of 61.50 for target of 72 and 80.

Thursday, November 22, 2012

Short term trading idea : Buy Hindalco Industries

Hindalco Industries (Close 108.30) : The Stock seems to have completed 38.2% retracement of 105.70 from its last top of 117. Buy above 107.75 with stop loss of 106.60 for target of 112.90 and 117.50.

Pick of the day : Buy Granules India

Granules India Ltd (Close 170.40) : Buy above 166.50 with stop loss of 160 for target of 177 , 183 and 194.

Wednesday, November 21, 2012

Short term trading idea : Apollo Tyres

Apollo Tyres (Close 80.90) : Buy above 80.20 with stop loss of 78.90 for target of 85 and 91.

Short term trading idea : Buy MRF

MRF (Close 10001.40) : Buy above 9987 with stop loss of 9935 for target of 10172 and 10350.

Mini Derivative Contracts on Index to be discontinued

As per SEBI circular dtd 20.11.2012. Exchanges to Discontinue Mini Derivative contracts on Index (Sensex and Nifty).

SEBI in its circular has mentioned that, it has initiated this step to discourage retail investors from trading in Derivatives Segment.

Source : SEBI Circular

BSE : http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20121121-25

NSE :http://www.nseindia.com/content/circulars/FAOP22155.zip

Monday, November 19, 2012

Short term trading Ideas : Mahindra and Mahindra & Maruti Suzuki

MARUTI Suzuki India (Close 1494.25) : Sell below 1482 with stop loss of 1517 for target of 1397.

Mahindra & Mahindra (Close 908.80) : Sell below 905.50 with stop loss of 916.50 for target of 879.

Pick of the day : Sell Grasim and Tata power

Tata power (Close 96.85) : Sell below 97.80 with stop loss of 99.25 for target of 93.90 and 91.70.

Grasim Industries (Close 3170.45) : Sell below 3176.80 with stop loss of 3194 for target of 3136 and 3113.

Saturday, November 17, 2012

Update : Gail India

Day trading idea given on 15.11.2012 for buying Gail India above 354.75, did not trigger.

But our Short term trading idea given for Buying Nifty, got triggered at 5605.

New Banking Licence probables : Relcapital, IDFC and LT Finance Holdings

Here is the list of New Banking Licence probables and their technical outlook.

Relcapital (Close 379.60) : Buy Relcapital for target of 472 and 548.

IDFC (Close 159.35) : Buy IDFC for target of 186 and 215.

L&T Finance Holdings (Close 83.50) : Buy for target of 112 and 130. (From 03.12.2012 trading on Trade to trade as per NSE & BSE Circular)

All readers of this blog are advised to conduct their own independent research into individual stocks before making a purchase / sell decision. All information's given on this blog is largely based on technical analysis, which is highly dynamic in nature and relevant at a particular point of time. Readers of this blog are advised to pursue recommendations mentioned on this blog at their own risk and should first consult their Certified / Qualified Investment Advisor, when making any type of Investment decisions. We are not liable and take no responsibility for any loss that you may incur by trading / Investing on our recommendations. We may have positions in Shares / Stocks / Scripts / Strategies, etc featured on this blog.

RBI asked to finalise new bank licence guidelines: FM

Finance Minister P Chidambaram today said he has asked RBI to finalise guidelines for new bank licences and start accepting applications for the same pending passage of the Banking Laws (Amendment) Bill.

"...we have written to the RBI recently urging them to proceed to finalise the guidelines and proceed to receive applications for new banking licences in anticipation of the amendment in the banking regulation act," he told reporters after reviewing the performance of public sector banks.

Source : Economic Times News Paper