SHORT-TERM TRADING TIPS - IVRCL Infrastructures (Rs 133.8): Buy

We recommend buying the stock of IVRCL Infrastructures and Projects from a short-term perspective. It is evident from the charts of the stock that it has been on an intermediate-term downtrend forming lower peaks and lower troughs from its October 2009 peak of Rs 212. Since its July 2010 peak of Rs 194, the stock has been on a medium-term downtrend. In early November, the stock broke through a significant long-term support at Rs 150 and was on an accelerated short-term downtrend. However, the presence of longer-term key support at Rs 120 arrested the stock's decline recently. Moreover, positive divergence displayed in the daily relative strength index has triggered the stock to change direction. On December 1, the stock surged 9 per cent accompanied with good volume. This upmove prolonged on Thursday with gains of 2.4 per cent. The daily RSI has entered in to the neutral region from the bearish zone and weekly RSI is on the verge of entering into neutral region from the bearish zone. We notice formation of a bullish engulfing candlestick pattern in weekly chart, which is a reversal pattern. Daily moving average convergence divergence oscillator has signalled a buy. From a short-term perspective, we are bullish on the stock. We expect the stock's upmove to continue until it hits our price target of Rs 138 or Rs 142 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock with stop-loss at Rs 129.5.

DAY TRADING TIPS FOR 3.12.2010

DLF

Utilise rallies to sell with stiff stop-loss at Rs 326 levels.

ICICI Bank

Initiate fresh short position if it fails to move beyond Rs 1,205.

Infosys

We recommend a buy with tight stop at Rs 3,070 levels.

L&T

Initiate fresh short position if it drops below Rs 1,996.

ONGC

We recommend a sell with tight stop-loss at Rs 1,333.

Reliance Capital

Utilise rallies to sell while maintaining stiff stop at Rs 716 levels.

Reliance Communications

Fresh short position can be initiated if it slips below Rs 139.

Reliance Industries

We recommend a buy with stiff stop-loss at Rs 997 levels.

SBI

Initiate fresh short position if it dives below Rs 3,080.

Nifty Futures

Initiate fresh long position only if Nifty Futures climbs above 6,060.

DAY TRADING TIPS FOR 2.12.2010

DLF

Initiate fresh long position if DLF exceeds above Rs 324 with stiff stop-loss.

ICICI Bank

We recommend a buy in the stock with stop at Rs 1152 levels.

Infosys

Fresh long position is recommended only if Infosys advances above Rs 3070 levels with stiff stop-loss.

L&T

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2010 levels.

ONGC

We reiterate our buy recommendation in the stock with rigid stop-loss at Rs 1270 levels.

Reliance Capital

As long as the counter hovers above Rs 680, the near-term outlook stays bullish. We recommend a buy with stiff stop-loss at Rs 680 levels.

Reliance Communications

The stock moved up almost 4 per cent reinforcing bullish momentum in the last trading session. We recommend a buy in the stock with fixed stop-loss at Rs 135 levels.

Reliance Industries

Initiate fresh long position only if RIL surges above Rs 1000 with tight stop-loss.

SBI

On Wednesday, the stock climbed 3.7 accompanied with good volume. We re-affirm our buy recommendation with stiff stop-loss at Rs 3080 levels.

Nifty Futures

Fresh long position can be initiated if Nifty Futures moves above 6010 levels with tight stop-loss.



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Aditya Birla Money: Buy Kotak Mahindra; tgt of Rs 540/550

Aditya Birla Money is bullish on Kotak Mahindra Bank and has recommended buy rating on the stock with a target of Rs 540/550 in its December 1, 2010 research report.

“Kotak Bank right from it July’10 lows of Rs 390 has been trading in well channelised uptrend, where the outside and inside band of the channel has been defined by its respective pivotal highs and pivotal lows. At recent low of Rs 450 it has found a good support, formed through the convergence of 55 Day Exponential Moving Averages (DEMA), Fibonacci golden confluence zone, the given channel inside band and rising demand line formed connecting lows of Mar’09 and Jul’10.”

for more reading visit http://www.moneycontrol.com/news/recommendations/buy-kotak-mahindra-tgtrs-540550-aditya-birla-money_502391.html

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BUY BERGER PAINTS @ RS.96 - SHORT-TERM TRADING TIPS

Investors with short-term perspective can consider buying the stock of Berger Paints India. It is seen from the charts of the stock that since October 2008 low of Rs 25, the stock has been on a steady long-term uptrend forming higher peaks and higher troughs. However, after recording lifetime high of Rs 123 in September 2010, the stock was on a medium-term corrective downtrend until it found support at Rs 80 in late November. Subsequently, the stock took support and resumed its uptrend triggered with the positive divergence displayed in the daily relative strength index. The stock's 200-day moving average poised around Rs 80 also supported this reversal. Reinforcing the bullish momentum, the stock jumped 11 per cent with good volume on November 30. This up move has helped the stock breach its downtrend-line as well as 21-day moving average. Daily and weekly RSI are rising in the neutral region towards the bullish zone. Moreover, the daily moving average convergence divergence oscillator has signalled a buy. We are bullish on the stock from a short-term perspective. We anticipate the stock to move up until it hits our price target of Rs 99 or Rs 102. Traders can buy the stock with stop-loss at Rs 93.



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DAY TRADING TIPS FOR 1.12.2010

DLF

We recommend a buy in the stock with stiff stop-loss at Rs 299 levels.

ICICI Bank

Fresh long position can be initiated if the stock climbs above Rs 1160 levels with tight stop-loss.

Infosys

The stock was volatile in the last trading session and formed spinning top candlestick pattern, signaling indecisiveness. Avoid trading in the stock.

L&T

Initiate fresh short position if the stock fails to move beyond Rs 1967 levels with tight stop-loss.

ONGC

We recommend a buy in ONGC with stiff stop-loss at Rs 1227 levels.

Reliance Capital

Desist trading in the stock as the near-term stance is cautious.

Reliance Communications

After recording an all-time low the stock bounced up and formed bullish engulfing candlestick pattern on Tuesday, it gained 3.4 with above average volume. Fresh long position can be initiated if the stock moves above Rs 134 levels with fixed stop-loss.

Reliance Industries

Fresh short position can be imitated only if RIL slips below Rs 970 levels with stiff stop-loss.

SBI

In line with our expectation, the stock moved up in the last trading session. It jumped 4 per cent with good volume. We reiterate our buy recommendation with tight stop-loss at Rs 2965 levels.

Nifty Futures

As long as Nifty futures trades above 5850 levels, it has possibility to head higher. We recommend a buy with strict stop-loss at 5850 levels.

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Buy ITC; target of Rs 179: IIFL

IIFL is bullish on ITC and has recommended buy rating on the stock with a target of Rs 179 in its November 30, 2010 research report.

"ITC Ltd has bounced back from the support of 100 DMA and closed in positive terrain leading to a hammer pattern on candlestick. An appearance of Hammer pattern near the support levels signifies resumption of the uptrend which had been stalled earlier. Horizontal drawn from the peak of Oct 2010 acts as steady supply zone which is placed levels of Rs 180, where this upmove might last on the conservative note. However a breakout above same could open gateways for sharp upside ranging from 8-10%. We advise buying stock in the range of Rs 170.5- 171 with stop loss of Rs 167 for Target of Rs 179,” says IIFL research report.

OnMobile Global (Rs 268): Buy

Yoganand D, BL Research Bureau, recommend a buy in the stock of OnMobile Global from a short-term perspective. It is apparent from the charts that the stock has been on a long-term downtrend from its July 2009 peak of Rs 682, forming lower peaks and lower troughs. In early October 2010, the stock encountered resistance at Rs 400 and resumed its long-term downtrend. This downtrend accelerated and in a short time span the stock breached its 50 and 200-day moving averages. However, after reaching significant longer-term support in the band between Rs 250 and Rs 260, it bounced up almost 7 per cent on November 29. From intra-day low the stock gained 18 per cent in that session forming long hammer candlestick pattern, which is a bullish reversal pattern. We notice that there is an increase in volume over the past two trading session. The daily relative strength index is recovering from the oversold territory. Moreover, the stock is rebounding from the lower boundary of the Bollinger band in daily chart implying upward momentum. Considering the presence of longer-term support band and formation of bullish hammer candlestick pattern, we take a contrarian stance on the stock for a short-term horizon. We are bullish on the stock and expect it to move up further until it hits our price target of Rs 273 or Rs 285 in the forthcoming trading session. Traders with short-term perspective can buy the stock with stop-loss at Rs 260.



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DAY TRADING TIPS FOR 30.11.2010

DLF

Fresh long position can be initiated if DLF moves beyond Rs 294 levels with tight stop-loss.

ICICI Bank

Make use of dips to buy the stock with stiff stop-loss at Rs 1140 levels.

Infosys

We recommend a buy in the stock with tight stop-loss at Rs 3050 levels.

L&T

Fresh long position is recommended only if L&T surges above Rs 1984 levels with stiff stop-loss.

ONGC

Initiate fresh long position if ONGC moves beyond Rs 1254 levels with rigid stop-loss.

Reliance Capital

We reiterate our prior view that utilize dips to buy the stock with tight stop-loss at Rs 625 levels.

Reliance Communications

Fresh long position is recommended only if the counter climbs above Rs 130 levels with fixed stop-loss.

Reliance Industries

The stock surged 3.7 per cent with above average volume on Monday. Fresh long position can be initiated if the stock advances above Rs 1015 with stiff stop-loss.

SBI

We recommend a buy in SBI while maintaining stiff stop-loss at Rs 2858 levels.

Nifty Futures

Initiate fresh long position if Nifty futures exceeds above 5881 levels with tight stop-loss.

SELL GUJARAT NRE COKE & TAKE PROFITS FROM HCL INFOSYSTEMS

Investors with medium-term perspective can consider selling Gujarat NRE Coke (Rs 52.1). The company manufactures and sells low ash metallurgical coke.

After encountering key resistance around Rs 94 in January 2010, the stock reversed direction and began to decline. Later in March as well as April, the stock failed to surpass this resistance and resumed its downtrend. In early May, the stock declined sharply conclusively breaking through its long-term uptrend-line that was in place from March 2009 low of Rs 16.8, an initial sign of trend reversal.

Since April, the stock has been on an intermediate-term downtrend. The stock tumbled 21 per cent in third week of May emphatically breaking through an important longer-term support at Rs 70. On November 26, the stock plunged almost 8 per cent penetrating the lower boundary of sideways consolidation in the range between Rs 55 and Rs 70. This was accompanied with above average volume.

The stock is hovering well below its 50 and 200-week moving averages. The 14-day relative strength index, which determines the speed and alteration of price movements, is featuring in the bearish zone and the weekly RSI has entered into the bearish zone from the neutral region. Both daily and weekly moving average convergence divergence oscillators are hovering in the negative territory, implying downward momentum. Moreover, weekly MACD has signalled a sell.

Considering these facts, we are bearish on the stock from a medium-term perspective. We believe that the stock has potential to continue its downtrend further until it hits our price target of Rs 44 in the coming weeks. Investors with medium-term perspective can consider selling the stock with stop-loss at Rs 56.5.

Follow up – HCL Infosystems (Rs 86.5)

The stock plummeted 11 per cent in previous week, in line with our expectation. It recorded an inter-week low of Rs 83.5, which was just above our medium-term price target of Rs 80. As its decline was steep and the daily indicators have entered deep oversold territory, the stock could witness an up-move, hence, we advice investors to take profits off the table at this juncture.

(This recommendation is based on technical analysis. There is a risk of loss in trading.)

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DAY TRADING TIPS FOR 29.11.2010

DLF

The stock is experiencing buying interest at lower levels. Utilise dips to buy the stock with tight stop-loss at Rs 280 levels.

ICICI Bank

Fresh long position can be initiated if ICICI Bank bounces up for Rs 1105, with tight stop-loss.

Infosys

As long as the stock hovers above Rs 3022, the near-term outlook stays bullish. We recommend a buy in the stock with fixed stop-loss at Rs 3022 levels.

L&T

Fresh short position is recommended only if the stock dives below Rs 1920 levels with stiff stop-loss.

ONGC

We recommend a buy in the stock with tight stop-loss at Rs 1219 levels.

Reliance Capital

Make use of dips to buy the counter with fixed stop-loss at Rs 623 levels.

Reliance Communications

The stock is testing key long-term support level. Initiate fresh long position only if Reliance Communications jumps beyond Rs 133 levels with rigid stop-loss.

Reliance Industries

Fresh short position can be initiated only if RIL slips below Rs 947 levels with stiff stop-loss.

SBI

Initiate fresh long position if the stock surges above Rs 2880 with tight stop-loss.

Nifty Futures

Fresh long position is recommended only if Nifty futures advances above 5822 levels with stiff stop-loss.