Markets have become volatile for quite some time. Expect some more volatility. Movements totally driven by global markets.

NIFTY : Nifty did move higher to 4,844 last week but instead of doing so in one or two sessions, it took the entire week. The index is now poised below the critical short-term trend deciding level of 4,844.

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So Festival time is over this time with happiness!
NIFTY last week came down below 5K mark and yet is below it by 3 points.
The global cues sound to be good now with good economic and employment data.

NIFTY look average. No quick gains can be expected in coming week.

Markets were volatile last week.
Get NIFTY Technicals here.

No special news this week.
Adani Power IPO which was offered at Rs100 opened at 8% premium.

Sectors on which we are bullish this week :
IT.
Pharma.

Stocks to watch out for this week :

Aurobindo Pharma : Buy above 690 for targets of 720 and 735. SL of 681

MNM : Buy above 800 for targets of 820 and 845. SL of 792

TATA Motors : Buy above 430 for targets of 440 and 448. SL of 425

Happy Investing!

Read Oil India IPO Review.

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NIFTY Started of good on Monday but by the end of the week gave up all.

NTFTY Trin : 1.44
Current spot : 4481.4
Support : 4390 and 4275
Resistance : 4551 and 4685

Expect volatility in coming sessions.

Stock tips for the week.

Aban offshore : Buy above 1080 for targets of 1105 and 1128. SL of 1065

BOB : Buy above 430 for targets of 436 and 442. SL of 425

DLF : Buy above 375 for targets of 385 and 398. SL of 366

Last week we saw Indian stocks giving some good returns.
Inflation is still in negative zone.
RIL and RNRL have yet not come to a solution.
Adani power gets 22 times over subscribed.
Good results posted by Indian Companies.

Sectors to watch for :

• IT
• Infra
• PSU

Stocks to watch out for :

• LNT : Buy above 1415 for targets of 1430 and 1440. SL of 1389
• RNRL : Buy above 84.10 for targets of 85.45 and 86.10. SL of 82.85
• DLF : Buy above 401 for targets of 410 and 425. SL of 392
• ICICI Bank : Buy above 765 for targets of 779 and 789

NIFTY Weekly technicals

Last week Indian Markets witnessed good gains because of :
Good global cues.
Good domestic sentiments.
Good Q1 results.

The market sentiments have totally changed.
Monday one can expect the markets to be in Red.
Adani Power IPO open tomorrow. (Price band 90-100)

Sectors I am bullish on :
FMCG , Capital Goods and Infra.

Stocks to watch out for :

Praj Ind : Buy above 88.10 for targets of 91 and 94. SL of 86.

LNT : Buy above 1505 for targets of 1520 and 1535. SL of 1480

MNM : Buy above 830 for target of 865. SL of 810

Aurobindo Pharma: Buy above 525 for targets of 580. SL of 510

Technically NIFTY looks strong. For advance NIFTY Technicals Check out NIFTY Auto generated technicals.

Markets last week performed extremely well.
Auto Index gained the maximum

Stocks to look out for this week are RNRL, RIL, HDIL, DLF, MNM.