Market Technicals for the week ending 15th May

Indian Markets Technicals

We expect Nifty & Sensex to touch 3500 & 11242 if it trades below 3650 & 11954. If the markets sustain above 3650 & 11954 levels, then it will try to touch 3800 & 12666 levels.

Money Market

We expect Dollar to fall to 48.27 levels by weekend, if Dollar remains below 49.86 else there are chances that it may rise to 51.45 levels.

US Markets Technicals

We expect Dow & Nasdaq to touch 7982 & 1659 if it trades below 8401 & 1738. If the markets sustains above 8401 & 1738 levels, then they will try to touch 8819 & 1817 levels.

US Medium Term Delivery Calls

We strongly recommend a buy on Monster Worldwide at current levels with a medium-term target of 20.59 with a stoploss below 10.48. We also expect a fall of 17-18% in its profit in comparison to previous quarter.

We strongly recommend a buy on Focus Media Holding at current levels with a medium-term target of 13.76 with a stoploss below 7.60.

Commodity

The price of Oranges has increased by 1-2% in last 1 year.  We expect a fall of 19-20% in prices of Oranges by end of next quarter.

The price of Cashew Nuts has increased by 18-19% in last 1 year.  We expect a fall of 16-17% in prices of Cashew Nuts by end of next quarter.

Derivatives Calls

Futures

Buy Nifty May'09 Futures at current levels with a target of 3981.00 & with a stoploss below 3524.00.

Buy BankNifty May'09 Futures at current levels with a target of 6232.00 & with a stoploss below 5174.00.

Buy Chennai Petroleum May'09 Futures at current levels with a target of 156.00 & with a stoploss below 114.00.

Buy Colgate Palmolive May'09 Futures at current levels with a target of 545.00 & with a stoploss below 463.00.

Long Term Delivery Calls

We strongly recommend a buy on Oil Country Tubular at current levels with a long-term target of 218.00.

We strongly recommend a buy on Bajaj Hindustan Sugar & Inds. at current levels with a long-term target of 374.00.

Medium Term Delivery Calls

We strongly recommend a buy on National Aluminium at current levels with a medium-term target of 314.00 with a stoploss below 215.00.

We strongly recommend a buy on Nestle India at current levels with a medium-term target of 2064.00 with a stoploss below 1589.00.

Short Term Delivery Calls

Buy NMDC at current levels with a short-term target of 293.00 & with a stoploss below 197.00.

Buy NTPC at current levels with a short-term target of 223.00 & with a stoploss below 185.00.

Performance of Calls

Bhushan Steel buy call given @ 412.25 has achieved its target of 510.00 & has given a profit of 23.71% in 10 days.

Bharti Airtel buy call given @ 680.55 has achieved its target of 773.00 & has given a profit of 13.58% in 18 days.

Reliance Infra. Ltd. buy call given @ 618.20 has achieved its target of 819.00 & has given a profit of 32.48% in 29 days.

Sonata Software Ltd. buy call given @ 16.10 has achieved its target of 23.00 & has given a profit of 42.86% in 44 days.

Please let me know your thoughts on this subject. I look forward to hearing from you. Thank you for letting me express my concerns to you.

Regards
Vikash Agarwal
Rourkela. Orissa. India
Mobile : +919437202566.