US markets ended in deep red.
Europe also ended in red.
Asia has opened Flat.
Expect the Indian Markets to open flat to positive.

NIFTY Technicals :
Current Spot : 4387.9
Supports : 4341.6 & 4295.4
Resistance : 4467 & 4546.2

Day Trading Ideas :

DLF : Buy above 368 for targets of 375 and 379. SL of 359

ICICI Bank : Buy above 705 for targets of 715 and 722. SL of 699

RNRL : Buy above 79 for targets of 81 and 83. SL of 77.50

US markets ended lower.
Europe ended mixed.
Asia has opened mixed.
Expect the Indian Markets to open flat to positive.

NIFTY Current Spot : 4437.65
Support : 4370.75 and 4304
Resistance : 4533.4 and 4629.25

Day Trading Ideas :

RNRL : Buy above 77 for targets of 78.50 and 79.85. SL of 75.25

ICICI : Buy above 720 for targets of 726 and 734. SL of 712

IRB Infra : Buy above 176 for targets of 178 and 181. SL of 172

US and European Markets ended in red.
Asia has opened negative.
Expect the Indian Markets to open negative.

NIFTY Current Spot : 4585.5
NIFTY Support : 4523.95 & 4462.5
NIFTY Resistance : 4682.5 & 4779.55

Day Trading Ideas :

DLF : Buy above 381 for targets of 385 and 389. SL of 377

LNT : Buy above 1487 for targets of 1496 and 1502. SL of 1479

ICICI Bank : Buy above 768 for targets of 774 and 787. SL of 759

Helped by strong treasury operations, ICICI Bank, the country’s second largest lender, today reported a 68 per cent rise in consolidated net profit to Rs 1,036 crore during the quarter-ended June, 2009, as against Rs 617 crore in the corresponding period last year.

The increase was despite a 0.2 per cent decline in consolidated income to Rs 14,615 crore, which was attributed to market-linked businesses such as insurance.

On a standalone basis, beating analyst estimates, the bank reported 20.63 per cent rise in net profit to Rs 878.22 crore.

Total income fell 2 per cent to Rs 9,223 crore and net interest income was down 5 per cent to Rs 1,985 crore during the quarter ended June 30.

The bank attributed the decrease in net interest income to the 11.6 per cent fall in advances. Though treasury income of Rs 714 crore during April-June this year, as against a Rs 594-crore loss in the corresponding period last year, helped the bank, an all-round reduction in cost also boost its bottom-line in the first quarter of 2009-10.

What also helped was a write back of some of the mark-to-market losses that the bank had taken on its books last year.

With the bank going slow on fresh lending, advances at the end of June 2009 were estimated at Rs 1,98,101.87 crore, as against Rs 2,24,145.92 crore a year ago. Similarly, assets fell 6.78 per cent to Rs 3,67,418.92 crore.

ICICI Bank, which has grown 25 to 30 per cent in the past, has had to slow down fresh lending, especially in the unsecured retail segment, and the level of advances and assets is now at the level seen at the end of June 2007.

US Markets ended mixed.
Europe ended negative.
Asia has opened in red.
Expect a weak opening from Indian stock markets.

The support for the Sensex is 15200-14900 and the resistance to the up move is at 15480-16046
Nifty: (4583) the support for the Nifty is at 4500 and the resistance to the up move is at 4789

Day Trading Ideas :

RNRL : Buy above 86.10 for targets of 87.25 and 88.10, keep a SL of 85.40.

IFCI : Buy above 49 for targets of 50.10 and 51, keep a SL of 48.25.

ICICI Bank : Buy above 735 for targets of 742 and 748, keep a SL of 729.

Happy Investing !

US Markets ended lower.
Europe ended mixed.
Asia is trading higher.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 11175 and the resistance to the up move is at 11639
Nifty: (3470) the support for the Nifty is at 3435 and the resistance to the up move is at 3734

Day Trading Ideas

ICICI Bank
Buy above 476 for targets of 481 and 485
Sell below 469 for targets of 465 and 459

Axis Bank
Buy above 566 for targets of 571 and 575
Sell below 543 for targets of 539 and 535

Unitech
Buy above 44 for targets of 45 and 46.20
Sell below 42 for targets of 41 and 39.90

Aban Offshore
Buy above 450 for targets of 458 and 463
Sell below 425 for targets of 418 and 412

Happy Investing!

Yesterday our markets cracked badly.
US markets had a bad day yesterday and wal street is down over 2% as automakers plans were rejected.
Asia has opened a positive note.
Expect Indian Markets to open positive.

The support for the Sensex is 9332 and the resistance to the up move is at 9900

Nifty: (2978) the support for the Nifty is at 2900 and the resistance to the up move is at 3050

Day Trading Ideas -

HDIL

Buy above 79.45 for targets of 80.45 and 81.60

Sell below 75.40 for targets of 73.10 and 72.25

ICICI

Buy above 341 for targets of 346 and 352

Sell below 324 for tergets of 320 and 314

LNT

Buy above 660 for tergets of 668 and 674

Sell below 630 for tergets of 624 and 619