Business Line : Markets News : Day Trading Guide

Business Line : Markets News : Day Trading Guide

Day Trading Guide 15-12-2011

December 14, 2011:  

DLF

The stock retreated 3.6 per cent, breaching its 21-day moving average on Wednesday. Initiate fresh short position with stiff stop-loss if the stock slips below Rs 197

ICICI Bank

Fresh long position is recommended with fixed stop-loss only if the counter advances above Rs 714 levels.

Infosys

Initiate fresh long position with stiff stop-loss if the stock reverses higher from Rs 2,720 levels.

L&T

The near-term outlook is bearish for the stock. Make use of rallies to short the stock while maintaining tight stop-loss at Rs 1,175 levels.

ONGC

Initiate fresh long position with tight stop-loss only if the stock jumps above Rs 255 levels.

Reliance Industries

We reiterate that fresh long position can be initiated with stiff stop-loss if the stock moves beyond Rs 754 levels.

SBI

Fresh short position is recommended with tight stop-loss only if SBI drops below Rs 1,764 levels.

Tata Motors

Initiate fresh short position with fixed stop-loss if the stock fails to move above Rs 179 levels.

Tata Steel

Fresh short position can be initiated with rigid stop-loss if the stock reverses down from Rs 385 levels.

Nifty Futures

On Wednesday, Nifty futures fell almost one per cent with above average volume. Fresh short position can be initiated with tight stop-loss if Nifty Futures fails to rally above 4,811 levels.

Friday, November 4, 2011 Morning Bell

Nifty future gave a fine move in last one hour. We can say positional support at 5157-50 is good range to follow. we can have upside if we cross 5305-12 range and sustain the range. As per my knowledge 5333 will be very good resistance for intraday. 

Magic figures : 5266-5299-5313-5333 

support at 5266. Resistance at 5333. 

We are changing many things at TSR. You can join our service to find the difference in our system. We have started one month service now for new comers. Kindly refer the chart above this post. 

Stock to watch : 

TSR will track some stocks for coming week or may be a month and will give calls  on those stocks only. We will share some of them here as stock view here.

LIC housing is looking very positive.
We have tracked the stock since 202. 

resistance at 235 -244

support at 226-222
trend is up. 

Tatamotors .
191 is support .Down side support at 182 and 180.
we will wait for 188 to break for any further down move. 

wait for 192 to sustain for any up move 

trend negative

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RECOMMANDATIONS Castrol India

Castrol India 

Buy 539                 SL 495                             TGT  595


Company Description 

Castrol India Limited is an India-based company engaged in lubricants
business. The Company is organized into two business segments:
Automotive and Non-Automotive. The Company’s brands include Castrol
EDGE, which is used by racing teams; Castrol GTX, which is a flagship
brand in the passenger car engine oil segment with  sludgebuster
proposition; Castrol Activ, which is the Company's  lead brand for twowheelers with part-synthetic formulation, and Castrol CRB Turbo, diesel
engine oil for trucks. The Company has launched bp vanellus tractor, which
is a diesel engine oil launched for Swaraj tractors. It has upgraded its lead
brand in the diesel oil category, Castrol CRB, to include synthetic
technology. The Company is also engaged in industrial lubricants and
services business, and marine and energy lubricants business. Castrol
Offshore is a vendor for Indian drilling companies.


Castrol’s key strength lies in the company’s consistent technological
upgradation. The company has been launching four or five products every
year to keep pace with the changing technology, emission norms and
consumer needs. The emergence of small low-cost cars, multiple car
ownership coupled with improved infrastructure will help increase the car
ownership rates in India. The boom in the automobile sector provides the company’s lubricants a
large potential market to tap. The entry of new original equipment
manufacturers (OEMs) offering new technology vehicles will provide
additional opportunities for the company’s products. Lube consumption is
projected to grow strongly in cars, four-stroke bikes, as well as building and
construction equipment segments. With a large chunk of Castrol’s sales
coming from the replacement market the lower contribution from OEMs
should not have a significant impact on volumes

Concern:
 Any spurt in base oil prices could increase the cost for material
which could impact the margins of the company.


   
Technical Comments 

Stock is showing strength making Bullish Inverse Head & Shoulder and
Break-out above Rs.557 would take the stock to Rs.640-657 levels in near
term. Stock trades above all major moving averages with 20DMA Rs.499,
100DMA Rs.457 & 200DMA Rs.461.

Stock of the day : Hero Honda (buy)

Hero Honda was trading in a narrow range towards the end of yesterday’s session, and could resume its rally with market conditions remaining bullish today. It is a buy recommendation with a stop loss below 1,830. It would be best bought below 1,865.
The chart above is a 3-day 15 minutes intra-day chart for Hero Honda.