GEPL’s Weekly view on Nifty – 30th May 2011 (video)

We at GEPL Capital were of the opinion that the level of 5348 would serve as a make or break level for Nifty. This week it did manage to respect the support on a closing basis and we have a seen couple of positive sessions in a row towards the end of the week. Nifty is now placed at 5476. However for a confirmation of further uptrend we need a decisive breach of 5520. Till the time Nifty trades below 5520 the trend continues to remain decisively weak and we remain circumspect of the prospects of further gains. Immediate support level is now placed at 5425, whereas the critical support remains at 5348. A decisive breach of 5348 can trigger a further sell off which can bring it down back to Feb 2011 low of 5177 in next few sessions.

We continue to recommend a cautious approach for any long positions as long as Nifty trades below 5520. In an alternate scenario, a decisive breach of 5520 can avert a sell off situation and we may then explore further bullish possibilities if Nifty does manages to sustain above 5520, however in the absence of such a trigger we continue to maintain a bearish view.

GEPL’s Technical view on Nifty – 25th May 2011 (video)

After the severe sell of past week Nifty is very precariously poised near a make or break support level of 5348. A decisive breach of 5348 can trigger a further sell off which can bring the Nifty down back to Feb 2011 low of 5177 in next few sessions. We at GEPL Capital continue to recommend a cautious approach for any long positions as long as Nifty trades below 5605, any bounce back attempt may face severe resistance near 5425 and beyond that 5460 appears as a very difficult level to cross. Only sustenance beyond 5460 can bring in further strength in the immediate term. However the trend appears decisively bearish as long as Nifty trade below 5605.

As for stocks Tata Motors as well as GAIL appear weak on the chart for a downside of three to five percent over the course of next eight to ten sessions.

GEPL’s short term view on Nifty – 23rd May 2011 (video)

Nifty closed at 5486 with a marginal gain of 1% comparative to its previous day close. We at GEPL are of the view that ongoing rally is heading towards the mark of 5600. Cross over and sustenance above 5520 will lift up Nifty quickly to the area of 5600. Short term support for Nifty is placed at 5400 and below that 5350. On the higher side resistance is placed at 5520 and above that at 5600.

Regarding sector specific approach, in the near term Capital Goods and Health care seems to out perform the broader indices while Banking and FMCG seems to under perform the broader market.

GEPL’s short term view on Nifty – 18th May 2011 (video)

Short term update on Nifty
Today Nifty closed at 5438 with a loss of 60 points slightly higher than 1% comparative to its previous day close.

On the downward side after a very long period the market has given a close below its major support area of 5450. Now on the downward side the market has got support area of 5350 and 5200. On the higher side market is continuously facing selling pressure in the range of 5600 and above that at 5690.

In our opinion since we have given a close below the important support area of 5450 the market is heading towards a further downside with an appropriate target of roughly around 5200 to 5250 range. During this area some amount of support will come and will able to give some amount of minor bounce back but ultimately the remaining target for the market is 5200 to 5250.

In our view, BSE – Bankex, BSE – Auto and BSE – Consumer Durable will under-perform the broader market while BSE – FMCG will out-perform the broader markets.

Short term view on Nifty – 04th May 2011 (video)

Yesterday Nifty closed at 5565 with a massive loss of 2.4% comparative to its previous day close.

We at GEPL Capital are of the view that market is placed at very crucial support of 5550. Breach and sustenance below 5550 may drag down Nifty up to the mark of 5400 in the immediate short term.

Market is continuously facing supply in the area of 5700 and above that at 5750 where its 200-DMA is placed. Due to the slightly oversold nature of the market in extreme short term, a minor rebound up to the mark of 5700 may come where positional traders can go short with a stop loss placing at 5760 and target of 5400.

In our view, BSE -Bankex, BSE-Auto and BSE -Realty will under-perform the broader market while BSE Health Care and BSE FMCG will out-perform the broader markets.

Nifty stocks weekly view – 020511 (video)

Since the beginning of the week Nifty was already trading near the upper band of the resistance offered by an important trend line connecting its the recent peaks. Slowly the sellers exerted more control as the week progressed and it finally ended the week with a loss of 2.30% at 5749. Going forward the level of 5730 is an immediate support for Nifty, should it trade below 5730 the selling can intensify further and Nifty may come down to 5632 – Its 200 Day EMA. The entire range of 5632 to 5530 is a critical support for Nifty for next week. If the markets are bullish then this support should not be violated. Else we may see further panic in the market. Thus next week it’s vital that Nifty continues to trade above 5530. On the higher side the level of 5900 would act as a stiff resistance for Nifty, till the time 5900 is conquered decisively the trend remains weak.

Union Bank as well as LIC Housing Finance are couple of stocks that appear weak on the chart for next 8-10 sessions.

GEPL Stock pick of the week: Excel Industries

GEPL eLearning MF SIP part 2: Rupee cost Adv & Adv of Compounding

Illustration – Rupee Cost Averaging
Say you have STARTED INVESTING through Systematic Investment Plan Rs. 1000 every month from March 2010 to July 2010 in a diversified equity fund. Now check the average purchase cost per unit of your investments. It would be lower than the average NAV of your investment over 6 months.
 

Date	NAV (Rs)	Units	Amount (Rs)
01-02-10	67.974	14.7115	1000
01-03-10	63.819	15.6393	1000
01-04-10	53.768	18.5984	1000
01-05-10	48.637	20.5650	1000
01-06-10	52.178	19.1652	1000
01-07-10	49.798	20.0811	1000
Total	336.174	108.76	6000

Average Cost = Total Cash Outflow / Total Number of units = Rs. 6000/ 108.786 = Rs. 55.1542

 

Average Price = sum of all NAVs at which you have invested/Number of months of investment = Rs. 336.1740/6 = Rs.56.029

 

Average Cost < Average Price

 

Benefit of “Compounding”

 

Illustration: If investor A & B begin investing Rs.5,000 monthly in an equity fund at an age of 35 & 40 Years respectively, Investor A will build a corpus of Rs.1.38 Cr at 60 Years which is more than double the corpus of Rs.66 lakhs that investor B will accumulate. A gap of only 5 Years results in doubling of the investment corpus.

	Mr. A	Mr. B
You start investing in an equity mutual fund through a SIP at age	35	40
Your monthly investment	5000	5000
You stop investing at age	60	60
Your total contribution	Rs.15,00,000	Rs.12,00,000
Your Savings could grow to*	Rs. 1,37,82,804	Rs. 66,35,367

Assuming compounded annual return of 15% over the entire period

SIP IS AN EFFECTIVE TOOL FOR FINANCIAL PLANNING. BE IT YOUR CHILD’S EDUCATION, MARRIAGE OR BUYING A HOME. With SIP you can choose a PERTINENT REGIME and achieve your goals systematically.

SIP    =  SLEEP IN PEACE

GEPL Fundamental: Infosys results update

Infosys Result Update

Infosys Technologies

GEPL Says : HOLD

Target : Rs2965

Results update:  

The company announced its Q1FY11 results today, and has posted a revenue of Rs.6,198 crores i.e. a growth of 4.3% on sequential basis and 13.3% on YoY basis. An improvement in the business environment especially in North America and Rest of the world, strong traction in the BFSI, retail verticals aided a volume growth of 7.6% sequentially adding to the overall revenue performance. However, profitability margins remained subdued as the effect of wage hikes, currency fluctuations downplayed on the operating margins.

However, after factoring in for the growing confidence in business environment and the current challenges in Europe, the company has made an upward revision in its guidance. The company now expects a revenue growth of 19%-21% in dollar terms for the fiscal year 2011. Also, the company has increased its hiring guidance to 36,000 employee addition on gross basis for FY11 indicating strong growth prospects going forward. 

Hence we again strongly recommend to HOLD the stock with a target price of Rs.2965.

GEPL Nifty Technical 19th July

Retail

Nifty ended the day with a gain of 15 points after a range bound day of trade. It has turned sideways for past couple of sessions and we expect a breakdown of this range in next one to two sessions. We have a target of 5360 followed by 5325 for Nifty. A stop loss of 5440 is recommend for Nifty short positions. The level of 5200 is a crucial support for next one to two weeks.

As for stocks we recommend going long in Divis Lab whereas M&M appears weak on the chart.

Institution

Nifty ended the day with a gain of 15 points after a range bound day of trade. It has turned sideways for past couple of sessions and we expect a breakdown of this range in next one to two sessions. We have a target of 5360 followed by 5325 for Nifty. A stop loss of 5440 is recommend for Nifty short positions. The level of 5200 is a crucial support for next one to two weeks.

As for sectors Pharma sector stocks appear strong on the chart.

GEPL Technical view on Nifty – 13th October (video)

Nifty opened weak and remained under selling pressure for most of the session. However it found support near the level of 6060 and bounced back its days low to conclude the session with a loss of 44 points at 6090. The trend remains up as long as Nifty remains above the level of 6060, however, Nifty has broken a six week old Trend Channel on Friday. Thus there is a possibility if it breaches the level of 6060 then further downsides till 5965 to 5930 may be seen. Alternatively if it manages to clear the resistance range of 6165 to 6190 then the trend may further firm up and Nifty may surpass the level of 6223 to test the target objective of 6300 and beyond that even retest the all time high of 6357.

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GEPL Buzzing Stocks – 14th October (video)

Buzzing stock: From today onwards we have started a new segment know as Buzzing stock where we are recommending the stock for buying for selling from positional perspective. Traders can buy IDFC at current market price in the range of 210-212 with an s/l of 198 and target of 235. The stock is showing good momentum on charts and ready to touch the previous top of 235. Holding period for this counter is 3-4 weeks time.

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SMS ‘GEPL Tech’ to 575758 for more updates !

GEPL Technical view – 18th October 2010

Nifty opened weak and remained under selling pressure for the entire session to finally conclude the day with a loss of 114 points at 6062. The important thing to watch out for that it has still not broken the support level of 6060, however the recent decline appears to be an impulsive one which indicates that there could be a bounce back possible till 6125 – 6170 range, however such an advance may not sustain and give way to another round of selling yet again, which could drag the Nifty down to 5930. In the immediate term Nifty has support placed at 6050 and below that at 6000, resistance is placed at 6100 – 6125 range.

GEPL Pick of the Week – Karur KCP Packaging Ltd. (video)

GEPL’s POW is Karur KCP Packaging Ltd recommended at the price of Rs 65 and target of Rs 100 over the next 12 months mainly betting on one of the crucial segments of any economy, the packaging industry. Being a multi dimensional and multi product company, it is a key supplier to cement, carbon black, tea and fertilizer industries to mention a few. Its products include Extendible Sack Kraft Paper (ESKP), Poly Propylene and Paper Bags of which the major contributor to the revenues is the paper and paper bag business at about 68% followed by the poly propylene division accounting for 18%. In terms of the ESKP product, the company enjoys a virtual monopoly, owing to the backward integration supported by an international technology – CLUPAC. Furthermore, also the policies laid down by government and environment awareness shall help in shift towards utilization of paper bags. The various divisions of the company give it the flexibility to adjust its production in accordance to the market requirements and meet the demand at lower costs. Thus, backed by the increase in demand and better realizations for its products ensuring a healthy order backlog makes the company a value based investment. We recommend a BUY with the target of Rs 100.

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GEPL Technical view on Nifty – 20th October (video)

Nifty Futures closed at 6026 which is 96 points lower than its previous close of 6122. After testing the 50% retracement resistance of 6160 intraday, Nifty Futures fell down sharply. Now the crucial levels to watch are 6000 and the short term trend will be reversed below 5950 on closing basis. On the weekly chart of Nifty Futures, after 2 consecutive negative closings the current week is also showing a negative structure indicating continuous profit booking in the market for the past 4 trading sessions. Any intraday bounce back is likely to face a strong resistance at the levels of 6090 and 6150. The short term RSI on daily chart is in a ‘SELL’ mode as well as the high trading volumes in the past 4 trading sessions are indicating weakness in the trend. Nifty Futures need to surpass 6170 on closing basis to halt the current downtrend which started from the high of 6320. The stop loss for positional traders is maintained at 5950 on closing basis and fresh trading positions for short term traders are recommended only after Nifty Futures close above 6170.

Sector-specific, Realty and Metal sectors are looking weak on the charts. Unitech and DLF from Realty and Hindalco and Tata Steel from Metals are on the verge of a breakdown.

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GEPL Technical view on Nifty – 21st October (video)

Nifty opened negative and remained under selling pressure for the entire session. It ended the day with a loss of 45 points at 5982. We had a negative view for Nifty for the immediate term and it continues to remain in a corrective mode. The key level to watch out for in the immediate term is 6016. As long as it remains below 6016 it appears weak. A breach of 5950 may bring in further weakness which can drag it down to 5930. If it manages to surpass the level of 6016 tomorrow then it may further bounce back till 6040. However any up move from here may be in the nature of a bounce back which may be sold into. We have an eventual target of 5930 and below that 5816 for Nifty.

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GEPL Technical view on Nifty – 22nd October (video)

After a lackluster opening Nifty gained momentum as the session progressed and finally ended the day with a gain of 119 points at 6101. Yesterday it stalled its decline above the support of 5950 and we were of the opinion that if it manages to clear the key resistance of 6018 then it may bounce back further. We view the present up move as a bounce back to the decline of the past few days. Nifty still has potential to scale higher till 6169 but may face some resistance there. If it is unable to clear the level of 6200 then it may again succumb to selling pressure. On the other hand if it clears the level of 6200 and sustains above it, it may not only clear its recent high but even scale up to test the all time high. However till the time Nifty trades below 6200 we still would be cautious about a decline which may drag the Nifty down to 5930.

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GEPL Pick of the Week – 25th October (video)

This week in our pick of the week segment, we have initiated report on ION Exchange India Ltd (IEL) at price of `207 with 12 month target of `300. Ion is a leading EPC company providing engineered solutions. Company’s business can be segmented in Engineering, Chemicals and Consumer products. The company is in the process of implementing sewage recycle and sea water desalination projects for Madhucon Projects, Adani Power, NTPC and Tamil Nadu Energy Company. In this segment company is also helped by good orders from Middle East and the presence in African continent is being focused. We feel company is fully geared to capitalize on the emerging demand from this product line and hence we are bullish on the stock.

GEPL Technical view on Nifty – 26th October (video)

Nifty opened positive and trended higher in the initial half of the session, however it succumbed to selling pressure towards the latter half and finally ended the day off its high at 6105, adding 39 points to its value. It is now approaching a stiff resistance of 6169 and beyond that 6200 is the next resistance to watch out for. Till the time it trades below 6200 it remains susceptible to downsides. On the downside an important support is placed at 6025, a breach of 6025 would confirm further bearishness and in that case Nifty may come down to 5980 and below that 5930 may be possible. The immediate term bearishness would be negated only if Nifty manages to sustain above 6200, in that case it may scale beyond 6290 and retest the all time high of 6357.

GEPL Technical view on Nifty – 27th October (video)

Nifty Futures closed at 6109 which is 27 points higher than its previous close of 6136. Yet again Nifty Futures were unable to cross 6170 and formed an intraday high at 6141. A range bound and sideways movement may continue till Nifty Futures trade between 6060 and 6170. High volatility may continue as only two days are left for the October settlement in the F&O segment where 6060 and 6000 are expected to provide strong supports should any intraday correction be seen. The RSI on the daily chart is turning in an upward direction and the cutting of the trigger line will be seen once Nifty Futures closes above 6170. After a breakout above 6170 Nifty Futures are expected to gather momentum and the next target would be 6300 whereas the short term trend reversal level is placed at 5950 on closing basis. Hence the stop loss for positional traders is placed at 5950 on closing basis and aggressive long positions for short term traders are not recommended until Nifty Futures close above 6170.

Stock-specific, there are two stocks that are looking bullish on the charts. They are the two heavy-weights RIL and L&T.

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GEPL Technical view on Nifty – 29th October (video)

Nifty ended the day negative with the loss of almost half percent at 5987. After early hours of consolidation Nifty made a high of 6071 in intraday, but, was unable to sustain its gains and gave all away to finally close in negative.
Among options contracts 6000 put added highest open interest closely followed by 5900 put indicating 5950 to act as strong support, breach of which will drag down nifty towards 5840 levels, which is 50% retracement level as per technicals.
On the other hand 6200 call added highest open interest indicating 6200 to act as strong resistance, breach of which will force nifty towards 6350-6400 levels.
As for stocks, Hero Honda and jsw steel appears strong on the charts.

GEPL Nifty Technical view – 03rd November (video)

Nifty opened with a positive bias but remained highly range bound throughout the session. It finally ended the day almost flat at 6119. After bouncing back from the support range of 5930 couple of day earlier, it has turned sideways. In the immediate term it has resistance placed at 6162 and beyond that at 6200. If it manages to clear the resistance of 6200 and sustain above it then it may scale past the recent peak of 6284 and may even attempt to test the all time high of 6357. On the downside it has support placed at 6080-6060 range and below that 6000 is the next support. The level of 5937 is now a crucial support for Nifty as it is the low of Doji candle formed on the monthly chart. A breach of 5930 would bring in weakness till 5816 atleast.

One may buy Mercator Lines and Indian Hotels with an upside potential of 3-5% over the course of next one week.

GEPL Technical view on Nifty – 05th November (video)

Nifty Futures closed at 6191 which is 35 points higher than its previous close of 6156. The uptrend in Nifty Futures continued and covered 345 points in just 5 trading sessions from the bottom of 5966. The current rally of Nifty is showing price gaps on daily chart indicating formation of new high. On weekly chart, a strong bullish candle is seen suggesting probability of testing of 6400 levels. As the timing cycle day is placed on 8th Nov, there is high probability of completion of current ‘B’ wave in early part of next week. The profit booking is recommended near 6400 levels as a downward corrective ‘C’ wave may be seen in the current month pulling the Nifty Futures downwards. The stop loss for short term traders is revised to 6100 levels and the stop loss for positional traders is revised to 5750 from 5600. The short term RSI on daily chart is in buying mode and supporting the current uptrend of Nifty Futures. The fresh long positions on positional side are not recommended and also strict stop loss is recommended for short term traders. The intraday resistances for Nifty Futures are placed at 6330 and 6400 whereas the support levels are at 6250 and 6180.

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GEPL Gold ETF – 09th November (video)

The e-learning topic for this month is Gold ETF

We at GEPL have introduced an SIP in Gold ETF to enable investors to build their GOLD corpus step by step.

Gold demand is moving upwards due to consistent buying by Central Bank of the countries across globe, festival demand in India and natural hedge against inflation.

Before we explain the process, let’s see what Exchange traded funds are:

Exchange Traded Funds are essentially Index fund, which are listed and traded on exchange like stocks. The biggest advantage of ETF is real time pricing, which gives the opportunity to earn in volatile market.

Gold ETFs, are similar is to a security listed on the exchange, through which investors can participate in the gold bullion market without the compulsion to take physical delivery of gold. The instrument gives security against the risk of impurity and theft of physical Gold.

GEPL has introduced a simple method SIP option to invest in Gold on a monthly basis. Here the minimum monthly investment is Rs.4000, which can fetch 2 grms of gold/ months. Minimum time period for this is 12 months.

To start your investment please:

• Open Trading & Demat account with GEPL
• Sign Mandate letter along with account opening
• As GEPL is member of RBI ECS Mode, investor has to sign the fund transfer letter along with bank verification.

The SIP date for ETF is 10th of each month.
On t+2 basis units will be credited to investors Demat a/c.

Commence your investment in Gold through GEPL ETF and reap the benefits of Systematic Investment Plan.

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GEPL Technical view on Nifty – 12th November (video)

Today Nifty has closed at 6194 with a loss of 81 points which is around 1.3% of loss comparative to its previous close. Yesterday we have said that a minimum decline up to the mark of 6200 was on cards which materialized today itself. Now, in our view market has got good support around the area of 6150 and below that 6080. Breach below 6150 can drag down Nifty up to the mark of 6080-6075 range. On the higher side market has got resistance around the mark of 6230 and 6275. Above that 6350 will prove to be major hurdle for the market. We feel that the current decline should take a pause around 6150-6170 area and than once again it will reverse itself on the main trend direction which is still up. In that scenario at least retesting of 6350 is on cards.

Regarding sectoral indices view, BSE- Heath care and BSE-FMCG is going to outperform the broader indices while BSE-Capital Goods and BSE- Realty is going to under perform the broader market.

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GEPL Technical view onNifty – 15th November (video)

Nifty view: Today Nifty closed at 6072 with a massive loss of 122 points which is a loss of nearly 2% comparative to its previous close. In our view now major support exists at 6050 and break below 6050 can drag down Nifty up to the mark of 5930-5940 range. On the higher side now market is going to major supply area in the range of 6120 and 6150.

Regarding sector specific view, we feel that BSE-Heath Care and BSE-FMCG is going to outperform the broader indices while BSE-Capital Goods and BSE- Realty is going to under perform the market.

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GEPL Pick of the Week – 15th November (video)

GEPL’s Pick of this Week is KSB Pumps Ltd with a price of Rs.512 targeting Rs.700 over the next 12 months.
The focus of the Indian economy has increased towards energy generation capacity and natural gas. The pumps & valve industry has grown in line with the economic growth of the country and is only further expected to grow, driven by the demand from the capital goods, energy, mining and gas & oil sector. KSB being well fitted in this domain we yet again repeat it as our recommendation. KSB is a well established player in the pump & valve manufacturing industry. In the waste water management industry, waste water disposal, municipal waste disposal along with transportation of water and liquefied gas over long distance requires special valves and KSB has varied product range to offer for this business segment. It is also a leading supplier of power plant pumps used in the energy sector. With its growth strategies being intact and further plans to double its capacity along with doubling its turnover over the next five years, we are optimistic about this company and thus recommend a BUY for a target of Rs.700.

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GEPL Technical view on Nifty – 16th November (video)

After a lackluster opening Nifty found support near the level of 6040 and inched higher as the session progressed. It finally ended the day with a gain of 49 points at 6121. The present bounce back is expected to continue for couple of sessions. However on the higher side 6140 followed by 6200 may offer severe resistance and Nifty remains susceptible to sudden declines as long as it trades below 6200-6225 range. There may be a downside till 5930 and below that 5840 is also possible however in the immediate term the bounce back may continue and take it higher to 6140-6200 range. The negative bias is specifically because of a negative candle on the weekly chart in conjunction with some momentum studies which indicate a sell.

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GEPL Technical view on Nifty – 18th November (video)

Today Nifty opened marginally positive but succumbed to tremendous selling pressure as the session progressed and ended with a loss of 132 points at 5988. The bounce that we witnessed yesterday did not last long. It is now placed near the support of 5937. A breach of 5937 can intensify the selling but if Nifty sustains above 5937 then we may see a minor bounce back. In case a bounce is in place it would serve as an opportunity to sell as the Nifty continues to appear weak and there may be a possibility that it can drift down to 5840 at least and below that 5760 is a possibility over the course of next few weeks. On the higher side now the levels of 6060 and above that 6112 would serve as a stiff resistance. In conclusion our view for short term remains bearish and we advocate an approach of exit on any bounce.

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GEPL Technical view on Nifty – 19th November (video)

Today Nifty Futures closed at 6036 which is 41 points lower than its previous close of 5995. Nifty Futures tested the support trendline of the falling wedge structure and a bounce back was seen. On the daily chart, a ‘hammer’ structure is formed indicating a corrective trend in the upward direction. Nifty Futures needs to surpass the crucial level of 6060 and above which a strong resistance is placed at the 6140 level. The crucial support zone for Nifty Futures is placed near the 5900 level and below which a sharp slide may be seen. Still, long positions are not recommended as the short term trend is in the downward direction and the upward trend reversal level is placed at 6250 on closing basis. Fresh short selling positions can be initiated in the zone of 6140 – 6180 with a stop loss of 6250. On the weekly chart, 5950 is showing a crucial support and the current week’s close below this level will have a bearish implication on the charts. The intraday resistances for Nifty Futures are placed at 6060 and 6100 whereas the support levels are at 5950 and 5910. The intermediate trend reversal level is placed at 5750. The breadth of the market was strongly negative as out of 1362 stocks traded on NSE, 163 stocks advanced, 1186 stocks declined and 13 stocks remained unchanged. Among the sectoral indices Metal, Auto, HC and CG sector stocks witnessed most of the buying whereas Bankex, CD, Realty and PSU sector stocks witnessed most of the selling pressure.

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GEPL Technical view on Nifty – 22nd November (video)

Today Nifty opened weak and remained under selling pressure for the entire session. The selling got intensified as the session progressed and finally ended the day with a loss of 108 points at 5890. It continues to appear weak on the chart based on the weak technical setup on the weekly chart. In the immediate term it has support placed at 5845 level .If it manages to take support at 5845 then we may witness a minor bounce but the bounce back would be a counter trend move of the recent fall. On the higher side it has immediate resistance placed at 5915 and above that at 5943. The level of 5980 would serve as a stiff resistance for Nifty going forward. We have a bearish view for Nifty and a target objective of 5739 over the course of next few days, thus we recommend a strategy of exiting on any bounce.

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GEPL Technical view on Nifty – 22nd November (video)

Today Nifty has closed at 6010 with a gain of 120 points which is a gain of 2% comparative to its previous close. We at GEPL are of the view that this counter trend rally will lift up Nifty up to the mark of 6100-6120 range and from there we will see once again the resumption of downtrend up to the mark of 5700-5750. Nifty is going to face major supply area around 6050 and 6120, while support is placed at 5950 and 5890. Regarding sector specific approach in our view BSE-Bankex and BSE Auto is going to out perform the broader indices while BSE-FMCG and BSE- CG will under perform the broader market. Click here to start investing now

GEPL’s Pick of the Week

GEPL’s pick of the week is Indoco Remedies Ltd recommended at the price of Rs 505 and a target of Rs 750 over the next 12 months. Indoco is one of the fastest growing pharma companies manufacturing finished dosage forms and API aptly placed to tap the huge opportunity visible in the generic space. It is strongly placed in the domestic space that contributes around 70% of the revenues. The Company is undertaking expansions across its different business segments which should further help it cater to increasing demand. The company has entered into dossier and licensing deals with Watson and Aspen Pharmacare with a gradual ramp up in the deal size placing the company in a better position to cater to a wider range of markets. These would be the key growth drivers for the company once the approvals and regulatory issues are in place. Thus, with the organic growth being intact and increasing business through alliances with MNC’s we stand positive on the company and recommend a BUY on the stock.

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GEPL Technical view on Nifty – 24th November (video)

Today Nifty has closed at 5935 with a loss of 75points which is 1.25% loss comparative to its previous close. Yesterday we have mentioned about the bounce back which didn’t materialize today and market made a further new low of 5825 before giving a bounce back. Now we are of the view that is bounce will continue and will able to lift up Nifty up to the mark of 5975 which is the next crucial resistance area and above that up to 6020-6050.On the down ward side market has got good support around the level of 5900 and below that at 5850. We are of the view that BSE-Bankex and BSE-Auto is going to out perform the broader indices while BSE-FMCG and BSE-Capital Goods is going to under perform the market.

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GEPL Technical view on Nifty – 25th November (video)

Today Nifty has closed at 5865 with a loss of 69 points comparative to its previous close. Today also on intraday basis, we have observed counter trend rally which is unable to surpass the first resistance area of 5975 and after that we have seen relentless selling where market gave negative close with a loss of more than 1%. Now we at GEPL are on the view that on the downward side the market has got the support area of 5820. Breach below this support area will directly drag down nifty up to the area of 5740 which is 50% retracement area of the entire rally emerged from low of 5300 and ended in the area of 6350. From the intraday perspective for tomorrow trading session, on the higher side the market has having resistance in the region of 5900 and above that 5970 will provide major hurdle for the market. While of the downward side the band of 5800 – 5820 will provide some support. The breach below this support will drag down nifty up to the range of 5700 – 5740.

Regarding sector specific approach we are bearish on BSE Metal as well as BSE Realty while BSE FMCG and BSE Healthcare is expected to outperform the rally.

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GEPL Technical view on Nifty – 26th November (video)

Today Nifty has closed at 5800 with a loss of 66points which is 1.2% loss comparative to its previous close. Yesterday we have mentioned about the about the fall and expected the market to fall in the area of 5750-5800 which did materialize today. Now we are of the view that a further decline up to the range of 5700-5750 is on cards before making any major up move. Regarding intraday support on the down ward side market has got good support around the level of 5740 and below that at 5690 while resistance is placed at 5850 and 5920.

We are of the view that BSE-FMCG and BSE-Health care is going to out perform the broader indices while BSE-Metals and BSE-Realty is going to under perform the market.

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GEPL Technical view on Nifty – 29th November (video)

Today Nifty has closed at 5752 with a loss of 48 points which is 0.82% loss comparative to its previous close. Yesterday we have mentioned about the fall and expected the market to fall in the area of 5700-5750 which did materialize today. In fact on intraday basis market went below 5700 mark and made of low of 5690. Now we are of the view that a further decline up to the range of 5600-5650 is on cards before making any major up move. Regarding intraday support on the down ward side market has got good support around the level of 5690 and below that at 5590 while resistance is placed at 5820 and 5860.

We are of the view that BSE-FMCG and BSE-Health care is going to out perform the broader indices while BSE-Metals and BSE-Realty is going to under perform the market.

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GEPL’s Pick of the Week – 29th November (video)

We at GEPL have been repeatedly recommending Asahi India Glass Ltd from the levels of Rs.65 with a current target price is Rs.150.

Asahi India Glass Ltd, a glass processing company, is jointly promoted by the Labroo family, Asahi Glass and Maruti Suzuki. The glass processing industry is growing at a rapid pace with an average growth rate of 20% in the past few years. Asahi India entered this industry in 2004 and today garners a market share of about 29% and is also the largest supplier of auto glass in India with 75-80% market share. The company recently commissioned its largest integrated plant in Roorkee, which has given it the scale, size and scope to improve its operational efficiency. With this, Asahi India has moved up the value chain from being a first generation auto glass manufacturer to fully integrated glass solutions provider becoming a preferred vendor with various international OEM manufacturers growing in India.

Although the years 2007 to 2009 was a challenging period due to rising input costs, Asahi India took necessary steps to counter these challenges and emerged as an end-to-end glass player. The company now expects to reap the benefits of its investments made raising our expectations on its future performance.

Hence we strongly recommend this stock at the current levels with a 1 year forward target price of Rs.150.

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GEPL Technical view on Nifty – 30th November (video)

Today Nifty opened mildly positive and built on to its gains as the session progressed. It finally ended the day with a gain of 78 points at 5830. On Friday Nifty took support near an important level. It is important because of confluence of various factors like the Fibonacci retracement level of the recent move from 4786 to 6338 and the support offered by the upper band of a year long trend channel. Today we have witnessed a bounce and the bounce still has a minor possibility to edge higher. However the level of 5870 would now serve as an immediate resistance. Overall Nifty still remains susceptible to selling as long as it trades below 5940 due to the bearish setup on the weekly chart. Support levels for next few days are placed at 5800 and below that at 5770. The level of 5720 is a key support to watch out for. A breach of that may drag the index down to 5660.

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GEPL Technical view on Nifty – 01st December (video)

Today Nifty Futures closed at 5890 which is 45 points higher than its previous close of 5845. Nifty Futures formed a higher bottom at 5777 in comparison with the earlier bottom of 5727 and continued the upward correction. The current corrective trend may test the zone of 6000 – 6050 from where Nifty Futures are likely to come down near the 5800 mark once again. On the weekly chart also, the level of 6000 is showing a strong resistance indicating that the downtrend which started from 6350 is yet to complete. Though the current bottom of 5727 was formed exactly on the timing cycle day of 26th November, Nifty Futures is likely to test this level in the next few trading sessions. The zone of 5840 – 5800 is likely to provide a strong support intraday and Nifty Futures needs to maintain 5780 as it is a crucial support. The remaining long positions should be exited if Nifty Futures move in the zone of 6000 – 6050 as still a continuation of the fall may be seen as per the Elliot Wave Theory counts. The intraday resistances for Nifty Futures are placed at 5950 and 6000 whereas the supports are placed at 5840 and 5780. The intermediate trend reversal level is placed at 5600.

Bounce Back is seen in Realty, Consumer Durable, Small Cap, power sector and uptrend in these sectors likely to continue.

On stock specific, Buy Tata Motors @ 1340, Stop Loss 1290, Target 1390.

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GEPL Technical view on Nifty – 03rd December (video)

Today Nifty opened positive and maintained its gains as the session progressed. It finally ended the day with a gain of 50 points at 6011. We had an opinion that the bounce back that started from the level of 5690 may continue into today’s session and test the level of 6020. With that in place, Nifty may now witness some profit taking as in the next one or two sessions and come down to 5985 at least and below that 5960 is possible. The level of 5920 would now act as a support for Nifty in the immediate term. Overall we have a view that the bounce back may edge higher to 6090 level but after a correction to 5960-5920 range at least.

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GEPL Technical view on Nifty – 06th December (video)

Nifty opened on a lackluster note and remained under selling pressure on Friday. Though profit taking dragged it down, it found support at lower levels and bounced back. Despite the bounce it ended the day with a loss of 19 points at 5992. The way we are analyzing the present move of Nifty we feel that it may open positive on Monday but the level of 6040 would serve as a stiff resistance. In our view the gains might not sustain and there may be another round of profit taking which can drag it down to 5945 atleat and lower in next one or two sessions. Our overall view for Nifty is that the bounce back that started late last week may take it higher to 6090 albeit we might have to endure a phase of corrective decline before that.

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GEPL’s Pick of the Week – 06th December (video)

Continuing with our positive stance on the pharmaceutical generic opportunities, we take the liberty of repeating Aurobindo Pharma after having achieved the initial target of Rs 1250, as GEPLs pick of the week, now recommended at the price of Rs 1292 and a target of Rs 1550 over the next 12 months. The company is well on track in terms of shifting to high margin formulations from API and increasing its exposure to the ARV space. With additional facilities getting functional, Aurobindo is better positioned to cater to the increasing demand. It is gradually building up on the CRAMS customer pipeline to ramp up this segment of business. With respect to the MNC alliances, the company has extended the Pfizer deal adding more products in the offerings as well as exploring new markets. It has also entered into a licensing and supply arrangement with Astrazeneca for emerging markets. Thus, with all these triggers shaping up a positive outlook for the company we recommend a BUY on the stock.

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GEPL Technical view on Nifty – 07th December (video)

Today Nifty opened positive and added on to its gains in the initial half of the session; however profit booking at higher levels dragged it down so much so that it erased all its morning gains and ended the day on a flat note at 5992. Our recommended view of a positive opening followed by a sell off did materialize. Going forward the correction that we have witnessed from the day’s high on Monday has a high probability of spilling over to the next couple of sessions. In our view Nifty can further correct to 5955 atleast and even lower. On the higher side now the level of 6035 would serve as a resistance on any bounce back. Thus our recommended strategy would be to sell Nifty in case of a bounce with a stop loss of 6075 for a possible downside target of 5955 or lower.

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GEPL Technical view on Nifty – 08th December (video)

Since the moment it opened for trade today Nifty remained under selling pressure and drifted lower to the mentioned level of 5955. It bounced back towards the latter half of the session and finally ended the day with a loss of 15 points at 5976. Going forward our primary view for Nifty is that it can edge higher to 6040 but the level of 6090 can act as a resistance for next couple of sessions. An alternate and an equally likely scenario is that if Nifty fails to sustain above 5990 then we may see further correction till 5925 atleast. However our overall view for Nifty remains bullish till the time it trades above 5800 and we recommend buying on declines.

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GEPL Technical view on Nifty – 09th December (video)

Today Nifty opened negative an remained under selling pressure for the entire session. It finally ended the day with a loss of 72 points at 5903. We were looking at two alternatives for Wednesday’s trade, our preferred view got negated at open itself which brought into force the alternate view and Nifty drifted down below 5925. Wednesday’s activity has confirmed further weakness over the course of next one to two sessions. We see a further downside of at least 5835 which is the 61.80% retracement level of the recent move from the low seen couple of weeks back. On any bounce back attempts Nifty may face resistance near the level of 5965, thus we advise short selling on any bounce till 5965 with a downside target of 5835. The level of 5770 has now turned out to be a crucial support for Nifty, as long as Nifty remains above 5770 there still appear chances of a revival. Only a move below 5770 can weaken the sentiment further.

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GEPL Technical view on Nifty – 10th December (video)

Today Nifty closed at 5766 with a loss of 137 points which is a loss of 2.33%b comparative to its previous closed. We at GEPL are of the view that this rally is heading towards the major region of 5500-5550.On the downward side the market has got support at 5690 and below that at 5600. Resistance is placed at 5800 and 5850. Regarding sector specific approach, in our view we are still bearish on BSE-Realty, BSE-Metal and BSE- Capital Goods while BSE- Health care and BSE-FMCG is going to out perform the broader indices.

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GEPL e-learning – ELSS (video)

In this edition of GEPL elearning we will discuss how to get the maximum returns from investments made for tax exemptions. Routine investment options like PPF, NSC or ULIP are either very long term or the returns are very low. Equity Linked Saving Scheme or popularly known as ELSS is a good option where you can save tax and get good returns. ELSS is a mutual fund scheme that invests in equity and equity related securities. Investments in ELSS are eligible for deduction up to Rs. 1 Lakh under section 80C of the Income Tax Act 1961.

ELSS investments have a three year lock-in period that allows the investor to participate in the long term growth potential of equity markets. The three year lock in enforces a discipline on the investor that prevents him from impulsive redemption in case of market volatility. Secondly, the fund managers of tax saving gets a longer time horizon to manage the funds in a better way.

In comparison to ELSS other investments under section 80C like PPF, NSC, etc. offer a fixed return with a longer lock-in – period like 15 and 6 years respectively, where as ELSS has lock-in period of only 3 years. Minimum investment in ELSS is Rs.500/- as against Rs.1000/- for PPF and Rs.10000/- for ULIP. In NSC and ULIP gains and returns are taxable where as in case of ELSS dividend is tax free and no capital gains tax too.

In our opinion the investor should consider four factors before investing: Risk, Return, Liquidity, & Tax Efficiency. If you require tax benefits, liquidity has to be compromised. Similarly, return and risk have an direct relationship. ELSS funds offer the optimal balance among these four factors and therefore we strongly recommend investment in ELSS.

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GEPL Technical view on Nifty – 13th December (video)

Despite a negative opening Nifty found support at lower levels and bounced back. The recovery gained momentum as the session progressed and it finally ended the day with an impressive gain of 90 points at 5857. Going forward the recovery seen on Friday can extend up till the level of 5900. However as long as Nifty remains below the level of 5944 it remains susceptible to sudden sell offs. On the downside the level of 5780 is now a key support to watch out for. A breach of 5780 can induce further selling and in that case Nifty can come down to 5690 at least and drift even lower. In effect the range of 5944 to 5780 remains a no trade zone from a trading perspective. Any directional cues would emerge on either side break out of this broad trading range.

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GEPL’s Pick of the Week – 13th December (video)

We at GEPL have once again recommended Artson Engineering Ltd as the pick of the week at the current price of Rs.71 and a target price is Rs.105. Artson Engineering Ltd, a subsidiary of Tata Projects Ltd, is engaged in the activity of manufacturing tanks and terminals, tank farms for refineries and petroleum based companies. Apart from this, the company also undertakes EPC projects. Tata projects has taken control of the management and has brought about a turnaround in the company’s performance. The company has a healthy order book position with backlog of Rs.1,200 mn along with new orders worth Rs.620 mn won in FY11. Tata projects now plans to leverage the goodwill of Artson and increase its presence in the Middle East region. Artson has started operations at its nashik unit and expects a revenue of around Rs.70-100 mn in FY11. During the quarter, the company bagged an order from Petrofac Int. worth Rs.1,060 mn to execute a 192 km pipeline in Kuwait over a period of 14 months. Apart from this, the company has submitted bids worth Rs.3,500 mn and expects to bag a decent proportion of the same during the year. Backed by an improved H1FY11 performance we expect the company to be networth positive by the end of the current fiscal. Hence, we recommend the stock at the current levels with a 1-year forward target price of Rs.105.

GEPL Technical view on Nifty – 14th December (video)

Despite an initial sharp jerk on the downside in the morning today Nifty took support at lower levels and bounced back equally sharply to erase the initial losses and posted a gain of 50 points at close. It ended at 5907. Going forward the level of 5940 would now serve as a resistance for Nifty. We recommend a strategy of going short on Nifty on any bounce back till 5940 with a stop loss of slightly higher than 6000. Looking at the chart Nifty appears susceptible to further downsides in the coming few sessions. The bounce back of past couple of sessions may be erased very swiftly in the coming few sessions and Nifty may go below 5690.

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GEPL Technical view on Nifty – 15th December (video)

Despite a negative opening Nifty managed to edged higher as the sessions progressed. It concluded a range bound day of trade with a gain of 36 points at 5944. We continue to maintain a view of selling on any rise. It is now near the ideal level to short and one may sell Nifty at present level or on any rise of 10-20 points with a stop loss placed at slightly above 6000 level. On the downside the level of 5877 is now an important support. A breach of that may bring in further weakness which can drag it down to 5795.

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GEPL Technical view on Nifty – 16th December (video)

Nifty Futures just survived the level of 5880 as the closing was seen above this level which is a crucial level in the current scenario. An earlier sign of weakness will be seen once Nifty Futures dips below the 5880 level and a free fall may be seen below 5800. One may enter short positions below the level of 5840 with a stop loss of 5920 on closing basis. The timing cycle analysis indicates 16th December or 20th December as the crucial days when a major breakdown may be seen. According to Elliot Wave Theory, any downward price gap down opening of more than 30—40 points may be a signal of the start of a downward 3rd wave and hence a mounting selling pressure may be witnessed. Till Nifty Futures trades below 6150, the short term trend will be in the downward direction. The intraday supports for Nifty futures are placed at 5880 and 5840 whereas the resistance levels are placed at 5930 and 5980.

On Stock specific, Short sell HDIL Futures (CMP: 187) with the stop loss of 197 and target of 177 for 16th Dec 2010

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GEPL Technical view on Nifty – 20th December (video)

Despite a negative bias in the opening session Nifty managed to take support at lower levels and staged a dramatic pull back as the session progressed. It ended the day with a gain of 56 points at 5948. We maintain a view that Nifty remains susceptible to sudden declines till the time it trades below 5990. In case it sustains above 5990 it may edge higher to 6070. On the downside it has support placed at 5850. A breach of that can drag it down to below 5700. As a trading strategy we advise clients to sell Nifty at present levels and on any rise till 15-20 points placing a stop loss of slightly higher than 6000

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GEPL’s Pick of the Week – 20th December (video)

With a positive stance on the roofing business, we recommend Everest Industries for the fourth time as GEPLs pick of the week at the price of Rs 190 and target of Rs 300 over the next 12 months. The Company is one of the leading players in the field of fibre cement building products and has recently made headway into offering construction solutions with Pre Engineered Steel Buildings which is revolutionizing the construction market. The focus on rural infrastructure and development should also augur well for the company. Strong growth is expected with the widening of the product offerings of the company. Having a pan India presence with large distribution network and facilities backed by the strong clientele that it caters to, the prospects are bright for the company going forward. We thereby recommend a BUY on the stock.

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GEPL Technical view on Nifty – 21st December (video)

Despite a gloomy opening Nifty managed to edge higher as the session progressed, it even made a slightly higher high than Thursday’s session but shaved off some of its to finally end the day almost flat with a marginal loss of 1 point at 5947. We reiterate our cautious view as long as Nifty trades below 5990. Our advise to traders would be to short sell Nifty now and on any bounce back till 15-20 points higher placing a stop loss of 6115. We have a downside target of 5850 for the immediate term. The level of 5800 has now emerged as a crucial support for nifty. A breach of 5800 would confirm further sell off.

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GEPL Technical view on Nifty – 22nd December (video)

Today Nifty has closed at 600 with a gain of 53 points which is 0.93% gain comparative to its previous close. We are of the view that crossover above 6005 can pull up Nifty up to the area of 6050-6070 range. Regarding intraday support on the down ward side market has got good support around the level of 5950 and below that at 5890 while resistance is placed at 6005 and 6070.

We are of the view that BSE-Metal and BSE-Bankex is going to out perform the broader indices while BSE-Capital Goods and BSE-FMCG is going to under perform the market.

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GEPL Technical view on Nifty – 23rd December (video)

Today Nifty has closed at 5984 with a loss of 16 points which is 0.27% loss comparative to its previous close. We are of the view that crossover and sustenance above 6005 can pull up Nifty up to the area of 6050-6070 range. Regarding intraday support on the down ward side market has got good support around the level of 5950 and below that at 5890 while resistance is placed at 6005 and 6070.

We are of the view that BSE-Metal and BSE-Bankex is going to out perform the broader indices while BSE-Capital Goods, BSE Realty and BSE-FMCG is going to under perform the market.

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GEPL Technical view on Nifty – 24th December (video)

Today Nifty has closed at 5980 with a loss of 4 points comparative to its previous close. We are of the view that crossover and sustenance above 6005 can pull up Nifty up to the area of 6050-6070 range. Regarding intraday support on the down ward side market has got good support around the level of 5950 and below that at 5890 while resistance is placed at 6005 and 6070.

We are of the view that BSE-Metal and BSE-Bankex is going to out perform the broader indices while BSE-Capital Goods, BSE Realty and BSE-FMCG is going to under perform the market.

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GEPL Technical view on Nifty 27th December (video)

Nifty Futures closed at 6037 which is 41 points lower than its previous close of 5996. On Friday, Nifty Futures crossed and closed above the day’s resistance of 6030 and is now heading towards 6090. The weekly close was 74 points positive in comparison to the previous week’s close and is showing a bullish candle. The earlier high of Nifty Futures is placed at 6094 in the current consolidation zone and hence a strong resistance may be seen at this level. In the intraday chart, 5965 is showing a double bottom structure. Hence the crucial support level is revised to 5950 from 5900. As 6100 is a strong resistance, positional buying is not recommended at the current level and the stop loss for existing long positions is maintained at the 5950 levels. The short term trend reversal level is placed at 6150 on closing basis. The intraday supports for Nifty Futures are placed at 6010 and 5950 whereas the resistance is placed near 6090. On stock specific, buying is recommended in UNIPHOS Futures (CMP 161.50) / Stop Loss 154 / Target 169.

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GEPL Technical view on Nifty – 04th January 2011 (video)

Today, Market closed at 6157 with minor gain of 23points comparative to its previous closed. We at GEPL are of the view that a minor dip up to the area of 6060-6100 is on cards where positional traders can go long with a stop loss placing at 5940 and target of 6250.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-Bankex while BSE-FMCG and BSE-Capital Goods will under perform the broader indices.

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GEPL Technical view on Nifty – 05th January 2011 (video)

Today, Market closed at 6146 with minor loss of 11points comparative to its previous closed. We at GEPL are of the view that a minor dip up to the area of 6100-6120 is on cards where positional traders can go long with a stop loss placing at 6050 and target of 6250.Intrday support for market is placed at 6100 and 6050 while resistance is placed at 6220 and 6250.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-FMCG while BSE-Health Care and BSE-Capital Goods will under perform the broader indices.

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GEPL Technical view on Nifty – 06th January 2011 (video)

Today, Market closed at 6079 with loss of 66 points comparative to its previous closed. We at GEPL are of the view positional traders can go long around 6050-6160 with a stop loss placing at 5940 and target of 6250.Intrday support for market is placed at 6050 and 6000 while resistance is placed at 6100 and 6150.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-FMCG while BSE-Bankex and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 07th January 2011 (video)

Today, Market closed at 6048 with loss of 30points comparative to its previous closed. We at GEPL are of the view that a dip up to the area of 6000-6020 is on cards where positional traders can go long with a stop loss placing at 5934 and target of 6250.Intrday support for market is placed at 6000 and 5950 while resistance is placed at 6100 and 6150.

Regarding sector specific approach, we are bullish of BSE-Capital Goods and BSE-FMCG while BSE-Health Care and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 10th January 2011 (video)

Today, Market closed at 5904 with a massive loss of 145 points comparative to its previous closed which of loss of roughly 2.4% in terms of percent. We at GEPL were of the view that this fall will take a pause in the area of 5930 which didn’t materialize and the stop loss got triggered for positional traders. Technically speaking, the crack down which has developed is indicating further decline up to the area of 5690-5700 on positional basis. Regarding intraday trading, support is placed at 5890 and 5850 while resistance is placed at 5960 and 5990.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-Bankex while BSE-Health Care and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 11th January 2011 (video)

Nifty opened on a very weak note and remained under selling pressure for the entire session. It finally concluded the day with a loss of almost 2.40% at 5762. The rally since Nov. lows was a corrective one and has now resumed its downside after forming a high at 6181. Nifty is now placed near a support offered by the confluence of couple of trend lines on the daily chart and now has an important support placed at 5690. Should it manage to sustain above 5690 then there may be a bounce in the next few sessions. We do not recommend any fresh short positions at this juncture and advise to wait on the sidelines to confirm whether the 5690 support holds or gives way and then take a fresh call for trading on either side.

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GEPL Technical view on Nifty – 12th January 2011 (video)

Nifty Futures closed at 5808 which is 42 points higher than its previous close of 5766. Nifty Futures moved down after the opening and formed the intraday low at 5700 levels. Near the closing, a sharp bounce back was seen of 122 points from the low of 5700 and Nifty Futures closed above 5800 levels. After a 5 consecutive trading sessions, Nifty Futures closed in a positive territory showing completion of the current fall. The corrective trend is expected with the initial target of 5900 and the crucial resistance is placed at 5960 levels. On a downside, the zone of 5700-5650 is expected to provide strong support if any fall is seen. Nifty Futures may enter in a consolidation phase of 300 points from 6000-5700 for some more time. The short term RSI on daily chart though entering in oversold zone, still in the negative territory. The intraday supports for Nifty Futures are placed at 5780 and 5740 whereas the resistance levels are placed at 5850 and 5900.

Sector Specific buying was seen in Banking, PSU, AUTO sector stocks where as Realty, IT and TECK counters witnessed selling pressure.

On stock specific, we can buy Bank of Baroda Futures, CMP 859, Stop Loss 834 and Target 884 and can hold the position for One Day.

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GEPL Technical view on Nifty – 13th January 2011 (video)

After a volatile opening Nifty stabilized in the fist half of the session and staged a dramatic recovery in the latter half to conclude the day with a gain of 109 points at 5863. The severe correction that started early last week now seems to have abated near our mentioned support of 5750. We had advocated refraining from any fresh selling as Nifty had turned deeply oversold on hourly charts and had recommended a wait and watch strategy before creating any fresh long positions. Going forward there is a potential of a further upside in the immediate term as Nifty has formed morning star pattern on the daily chart. We have an immediate target of 5940 in the couple of sessions and beyond that this bounce can extend close to 6000 level on Nifty. We recommend buying on minor declines, placing a stop loss of 5740.

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GEPL Technical view on Nifty – 14th January 2011 (video)

Despite a marginally positive opening Nifty succumbed to selling pressure as the session progressed. it ended the day with a loss of 111points at 5751. We were of the opinion that one may buy on dips but the current decline no Nifty is too swift for our liking. The important thing now is that it is now trading close to the support level of 5700 which is the make or break level .Should it breach 5700 on the downside there may be a further cut till 5560, alternatively if it holds 5700 then there may be an upside till 5820-5860 levels in a session or two.

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GEPL Technical view on Nifty – 18th January 2011 (video)

Today, Market closed at 5654 with a minor gain of 1points comparative to its previous close. We at GEPL were of the view that this fall will take a pause in the area of 5600-5605(200dma) and from there a counter trend rally should emerge up to the mark of 5790. Any counter trend rally should be used to exit stuck up long position indicating a temporary relief on positional basis. Regarding intraday trading, support is placed at 5600 and 5520 while resistance is placed at 5690 and 5790.

Regarding sector specific approach, we are bullish of BSE-FMCG and BSE-IT while BSE-Capital Goods and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 19th January 2011 (video)

Today, Market closed at 5724 with a major gain of 70points comparative to its previous close. We at GEPL were of the view that this fall will take a pause in the area of 5600-5605(200dma) and from there a counter trend rally should emerge up to the mark of 5790 which did materialize in today’s price action. We are also saying that any counter trend rally should be used to exit stuck up long position indicating a temporary relief on positional basis. Regarding intraday trading, support is placed at 5700 and 5650 while resistance is placed at 5790 and 5840.

Regarding sector specific approach, we are bullish of BSE-FMCG and BSE-Heath care while BSE-Capital Goods and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 20th January 2011 (video)

Today, Market closed at 5691 with a minor loss of 33points comparative to its previous close. We at GEPL were of the view that this fall will take a pause in the area of 5600-5605(200dma) and from there a counter trend rally should emerge up to the mark of 5790. We are also saying that any counter trend rally should be used to exit stuck up long position indicating a temporary relief on positional basis.

Intraday trading, support is placed at 5650 and 5600 while resistance is placed at 5750 and 5790.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-Heath care while BSE-Capital Goods and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 24th January 2011 (video)

Today, Market closed at 5696 with a minor loss of 15 points comparative to its previous close. We at GEPL were of the view that this fall will take a pause in the area of 5600-5605(200dma) and from there a counter trend rally should emerge up to the mark of 5790. We are also saying that any counter trend rally should be used to exit stuck up long position indicating a temporary relief on positional basis. Intraday trading, support is placed at 5650 and 5600 while resistance is placed at 5750 and 5790.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-Banking while BSE-Health Care and BSE-Realty will under perform the broader indices.

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GEPL Technical view on Nifty – 25th January 2011 (video)

Today, Market closed at 5743 with a gain of 46 points comparative to its previous close. We at GEPL were of the view that a counter trend rally should take place which can lift up Nifty up to the mark of 5790 and which partially materialize today. We are also saying that any counter trend rally should be used to exit stuck up long position indicating a temporary relief on positional basis. Intraday trading, support is placed at 5700and 56050while resistance is placed at 5750 and 5790.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-Capital Goods while BSE-FMCG and BSE-Health Care will under perform the broader indices.

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GEPL Technical view on Nifty – 27th January 2011 (video)

Nifty opened positive but succumbed to some selling as the session progressed. it finally ended the day with a loss of 55 points at 5687. It has been range bound since past 6-7 sessions with a negative bias. The level of 5840 is a resistance which Nifty needs to clear for any upside confirmation; likewise an equally important support is placed at 5625. A breach of either side of this trading range will provide a good opportunity to open a trade. If Nifty conquers 5840 then we may see further upside till 5970, alternatively a breach of 5625 can drag it down to 5540. We suggest a wait and watch approach till the time Nifty remains within the confines of this broad range.

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GEPL Technical view on Nifty – 28th January 2011 (video)

Despite a positive start Nifty was unable to sustain at higher levels and quickly drifted down as the session progressed. The selling intensified towards the end of trade and it ended with a loss of 83 points at 5604. We were of the opinion that one must not take either a long or short position till Nifty breaks out of the confines of a 180 points range. Today it closed below 5630 and thus our sell call was enforced. Going forward one must remain short even if it bounces by 30-50 points placing a stop loss slightly above 5725. On the downside there is a distinct possibility that Nifty may come down to 5540 and lower. Overall it is now approaching a critical support of 5450. Sustenance above 5450 is critical and a breach of that would indicate a weakening of medium term uptrend.

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GEPL Technical view on Nifty – 31st January 2011 (video)

Today, Market closed at 5512 with a massive loss of 92 points comparative to its previous close. We at GEPL were of the view that on positional basis we are heading towards the area of 5350-5400 which partially did materialize in today’s price action. We are also saying that any counter trend rally should be used to exit stuck up long position. Intraday trading, support is placed at 5460 and 5400 while resistance is placed at 5590 and 5630.

Regarding sector specific approach, we are bullish of BSE-FMCG and BSE-Heath care while BSE-Capital Goods and BSE-Banking will under perform the broader indices.

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GEPL Technical view on Nifty – 01st February 2011 (video)

Today, Market closed at 5506 with a minor loss of 6points comparative to its previous close after a hectic volatile session. We at GEPL were of the view that this fall will take a pause in the area of 5400-5450 and from there a counter trend rally should emerge up to the mark of 5600-5620. We are also saying that any counter trend rally should be used to exit stuck up long position indicating a temporary relief on positional basis. Intraday trading, support is placed at 5450 and 5390 while resistance is placed at 5590 and 5630.

Regarding sector specific approach, we are bullish of BSE-Metals and BSE-Banking while BSE-Health Care and BSE-FMCG will under perform the broader indices.

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GEPL Technical view on Nifty – 03rd February 2011 (video)

Nifty Futures closed at 5443 which is 19 points higher than its previous close of 5424.It opened with upward price gap of 62 points at 5491 but resisted at 5510 levels.A steep fall was seen near the closing session where it tested the bottom of 5421.Now the crucial support level is at 5400 below which the fall could extend up to 5350.
The immediate resistance for nifty futures is placed at 5550 and after surpassing this level nifty futures will try to test the next resistance zone of 5600 -5650.Fresh trading buying positions are not recommended till higher bottom formation is seen in Nifty Futures. The current fall is started from intermediate level of 5800 and the short term trend will remain in the downward direction till Nifty Futures crosses 5800 mark on closing basis. The intraday resistance levels for Nifty Futures are placed at 5500 and 5550 whereas the support levels are placed at 5400 and 5350 respectively.

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GEPL Technical view on Nifty – 04th February 2011 (video)

Nifty Futures closed at 5539 which is 96 points higher than its previous close of 5443. After past 6 trading sessions, Nifty Futures exhibited ‘Bullish Engulfing Candle’ showing bottom support near 5400 levels. The intraday high of Nifty Futures was seen at 5545 and crossing of 5550 is likely to trigger uptrend corrective wave. Now, the level to watch above 5550 is 5650 which is 62% retracement level and it is crucial resistance on weekly charts. The level of 5400 is showing bottom for past 4 trading sessions and Nifty Futures needs to maintain this level for reversing the trend. The fresh trading buying positions can be generated above 5550 with the stop loss of 5400 on positional basis. The short term RSI on daily chart is in oversold zone but the cutting of triggerline will be seen once Nifty Futures closes above 5550 level. The short term trend will remain in downward direction till 5800 is intact on closing basis. The medium term trend reversal is kept at the same level of 5300 on closing basis.
The intraday resistance levels for Nifty Futures are placed at 5600 and 5650 whereas the support levels are placed at 5500 and 5450 respectively.

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GEPL Technical view on Nifty – 10th February 2011 (video)

Finally Nifty Futures closed below 5300 but its intermediate trend will turn in downward direction only when its weekly close is below 5300

Now as it has closed below 5300 levels the current downtrend may test the trendline support level placed at 5140.

The short trading positions can be held or created with a stop loss of 5390

Bottom fishing is not recommended as the downward momentum can push nifty to much lower levels

The intermediate trend will turn in upward direction only if the current weekly close will be above the previous weekly close of 5387.

Nifty needs to cross 5450 levels to halt the current strong downward momentum.

As per the weekly time cycle it is likely to remain in a down or sideways trend for 7 more trading sessions.

Imp levels to watch as upward resistance at 5350 and downward support at 5150

TCS Fut sell on positional basis at 1110 with a s/l of 1140 and target of 1060 / 1020

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GEPL Technical view on Nifty – 11th February 2011 (video)

•Nifty Futures closed at 5230 which is 31 points lower than its previous close of 5261.
•For second consecutive day it closed below 5300 indicating continued selling pressure in the market.
•The current downtrend may continue if it breaches support level of 5200 where the next level to watch will be 5150.
•Nifty needs to show a strong uptrend for positive weekly close above the previous weekly close of 5387.
•The weekly close below 5300 will confirm the intermediate trend reversal.
•The stop loss for existing short positions is still maintained at 5390.
•Stock specific we are recommending DLF Futures to buy for one day at 241.50 with a s/l of 231.50 and target of 251.50

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GEPL Technical view on Nifty – 14th February 2011 (video)

Nifty opened weak but recovered swiftly from day’s low as the session progressed to finally end the day with a gain of 84 points at 5310. It was impressive recovery after Nifty has remained in a downtrend for almost the entire week. The longer term charts of Nifty are still in a downtrend, however there is a possibility we may see further bounce till the level of 5400 in the next few sessions. For Monday’s session there is support placed at 5260 level. The possibility of a further bounce would be negated if Nifty were to trade below 5175. If we consider the weekly chart Nifty still remains highly vulnerable to downsides till it trades below the level of 5556.

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GEPL Technical view on Nifty – 18th February 2011 (video)

Today Nifty has closed at 5546 with an impressive gain of slightly higher than 1%. We at GEPL were of the view that market will not able to move beyond the major resistance of 5520-5530 which didn’t materialize today. In fact Nifty was able to surpass and sustain above 5530 and has given a strong close almost near to its intraday high. Now in our opinion we are straightly heading towards area of 5620-5630 from short term perspective. From Intraday point of view market has got good support at 5490, 5450 and 5400 while resistance is placed at 5600 and 5630(200DMA). From sectoral indices perspective in our view BSE-Metals and BSE-Capital Goods is going to outperform the broader indices while BSE-Bankex and BSE-FMCG will under perform the broader indices.

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GEPL Technical view on Nifty – 21st February 2011 (video)

Today Nifty has closed at 5458 with a massive loss of slightly higher than 1.5% comparative to its previous close. We at GEPL are of the view that a further decline up to the area of 5390-5400 where short term traders can go long with a s/l of 5310 and target of 5630.From Intraday point of view market has got good support at 5400 and 5350 while resistance is placed at 5520 and 5630(200DMA). From sectoral indices perspective in our view BSE-Metals and BSE-Banking is going to outperform the broader indices while BSE-Consumer Durables and BSE-FMCG will under perform the broader indices.

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GEPL Technical view on Nifty – 22nd February 2011 (video)

Despite a negative opening Nifty found support at lower levels and staged an impressive recovery towards the latter half of the session to conclude the day with a gain of 59 points at 5518. It appears to be forming a short term bullish pattern on the daily chart if we consider the trading activity since the beginning of this month. Over the next couple of sessions there is a possibility of a minor pull back till 5455 but any such pull back shall provide as an opportunity to buy for short term traders. One may place a stop loss below 5400 for any positions created on the long side over next couple of sessions. On the higher side there is a possibility that Nifty may retest 5600 and may even surge past that level by a percentage point or more.

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GEPL Technical view on Nifty – 23rd February 2011 (video)

Nifty opened weak and despite attempts to claw back in the positive it remained south bound to finally end the day with a loss of 49 points at 5469. We had envisaged this decline and indicated the level of 5450 as a buying level. For the 23rd we continue to maintain a view of buying on declines with a stop loss of slightly below 5400. If we look at the daily chart since the beginning of the month Nifty is forming a potential Inverse Head & Shoulder pattern and this bullish pattern would remain in force as long as Nifty trades above the level of 5400 on a closing basis. For short term traders the risk reward is definitely skewed in the favour of bulls and thus our bullish recommendation. Should the Nifty sustain above 5400 it has the potential to retest the level of 5600 within a week. We’d be forced to abandon this bullish view in case the Nifty gives a break down below 5400 and trades below it for a while.

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GEPL Technical view on Nifty – 25th February 2011 (video)

A severe sell off was witnessed since the market opened for trade. It negated our bullish contention within a few minutes of trade and swiftly traded below 5400. Nifty concluded the day with a massive fall of 174 points at 5262. With the Nifty trading well below 5330 we are forced to abandon the view of the bullish Inverse Head and Shoulder pattern. In the immediate term should it breach the level of 5170 then we are looking at a very grim situation which can take it down to 5050, however in the event if Nifty hold today’s low of 5240 then there may be a bounce back but any such bounce back should be utilized as an opportunity to exit pending stuck up long positions. Going forward the levels of 5360 and beyond that 5420 may now serve as a resistance for Nifty.

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GEPL Technical view on Nifty – 28th February 2011 (video)

We witnessed a respite from the selling of the earlier day as Nifty opened positive in the morning but it swiftly drifted in the red. It witnessed a dramatic recovery after a while and ended with a gain of 40 points at 5303. Going forward the low formed in today’s session will act as a support for Nifty. Should it sustain above 5233 then it may attempt to scale higher till 5350 and beyond that the level of 5416 would now act as a stiff resistance for Nifty. 28th being the day of Union budget there are chances that the volatility would be higher than normal. A breach of 5400 on the upside can render further strength to the market which may take it higher to 5520 or so in a short span of couple of days. Alternatively a breach of 5233 would be bearish and drag the index down well below 5177 to 5050 and lower.

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GEPL Technical view on Nifty – 01st March 2011 (video)

Today Nifty closed at 5334 with a gain of 30 points comparative to its previous day close. We at GEPL Capital are expecting that ongoing rally is straightly heading towards the mark of 5175 on the downside. From intraday perspective on the downside support is placed at 5300 and below that at 5220 while resistance is placed at 5350 and above that at 5450 will prove to be a major hurdle for bulls. Talking about sector specific, in our view Metals and FMCG will out perform the broader indices while Banking and Capital Goods will under perform Nifty.

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GEPL Technical view on Nifty – 04th March 2011 (video)

Nifty opened negative but retraced all its losses as the session progressed. it finally ended the day with a gain of 13 points at 5536.Going forward it faces resistance near the level of 5600 and if it manages to surpass that level then it may surge higher by 50-60 points. In our view this entire range of 5600 – 5680 is a severe resistance zone and thus we advocate reducing long positions in case such an upside is seen. We view the entire advance since the February low as a part of a corrective rally which may terminate near the mentioned range and we may get to see another round of decline next week. On the downside important support level are placed at 5420 for next couple of sessions. A breach of 5420 would indicate weakness which may drag the Nifty down to 5360 which is the critical level to watch out for.

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GEPL Technical view on Nifty – 07th March 2011 (video)

Today Nifty has closed at 5539 with a minor gain of 2points comparative to its previous day closed. We at GEPL Capital are of the view that a minor dip up to the area of 5470 or 5450 may come which will provide an opportunity for short term traders to go long with a stop loss of 5350 and target of 5600 on the higher side. Regarding intraday trading strategy on the downward side support for Nifty is placed at 5470 and below that at 5400 while resistance is placed at 5600 and above that at 5630 will prove to be major hurdle for the bulls. From sector specific point view we are bullish on BSE-Capital Goods and BSE- Metals while BSE-FMCG and BSE-Consumer Durable is going to under perform the broader indices in short term.

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GEPL Technical view on Nifty – 14 March 2011 (video)

Nifty opened negative and remained under selling pressure for the entire session. It ended the day with a loss of 48 points at 5445. Despite the negativity Nifty managed to remain above the important support of 5400. We have been maintaining a bearish view on Nifty since past one week and continue to remain firm on the same till the time Nifty trades below the level of 5600. For Monday’s trade the level of 5400 is a critical support. For Nifty, should it breach that it may further correct sharply till 5340 to 5310 range. Overall analyzing the corrective structure the February 2011 lows may be revisited over the coming few weeks. On any bounce back attempts Nifty may face resistance near the level of 5500. One must remain very careful with long positions and have a stop loss of 5400 in place.

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GEPL Technical view on Nifty – 16th March 2011 (video)

Nifty opened with a big gap on the downside but instantly reversed most of its losses in the initial half of the session, however yet again succumbed to selling pressure towards close. It ended the day with a loss of 81 points at 5449. It was unable to cross the resistance of 5565 in today’s session and hence remained in the grip of bears. Going forward the low registered in today’s session is an important level to watch out for. Should it breach the level of 5373 then we may witness further sell off which may take it down to 5345 to 5313 level. The level of 5313 is a critical support for Nifty. A breach off that confirms further bearishness which may take it down to Feb lows. On the higher side the level of 5565 continues to remain as a severe resistance for Nifty. It remains bearish as long as it trades below 5565. An important intraday resistance before that is placed at 5505. Click here to start investing now SMS GEPL Tech to 575758 for a FREE 30 days trial of our investment ideas

GEPL Technical view on Nifty – 17th March 2011 (video)

Today, Nifty closed at 5510 with a gain of almost slightly higher than 1% comparatively to its previous closed. We at GEPL Capital are of the view that this rally is straightly heading towards the area of 5560 where it is going to face major supply. Crossover and sustenance above this value area can lead this rally up to the mark of 5650-5670 range where its 200DMA is placed. On the downward side market has got good support at 5460 and below that 5400 will provide major support to the market. In our opinion, BSE-Capital Goods and BSE-Metals will outperform the broader indices in short term while BSE-FMCG and BSE- Consumer Durable will under perform the broader indices.

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GEPL Technical view on Nifty – 18th March 2011 (video)

Today, Nifty closed at 5446 with a loss of almost slightly higher than 1% comparatively to its previous closed. We at GEPL Capital are of the view a fall up to the value area of 5370 may come where this rally will take a halt before making any major up or down move. On the downward side market has got good support at 5410 and below that 5370 will provide major support to the market. In our opinion, BSE-Capital Goods and BSE-Metals will outperform the broader indices in short term while BSE-FMCG and BSE- Consumer Durable will under perform the broader indices.

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GEPL’s Weekly Technical view on Nifty – 21st March 2011 (video)

Nifty has closed at 5373 with a loss of slightly lower 1.5% comparative to its previous close. We at GEPL are of the view that close and sustenance below 5370 may drag down Nifty up to the mark of 5200-5177 range. On the higher side market is facing major supply in the range of 5520-5560 and above that major supply is coming around 5600. Bulls will able to take control only above 5560 that too on a closing basis.

Regarding sector in our opinion BSE- Capital Goods and BSE-Banking (few selective stocks) can out perform the broader indices while BSE-FMCG and BSE-Consumer Durable may under perform the broader indices.

Regarding stock specific approach we are bullish on Mcleod Russell and BHEL.

GEPL Technical view on Nifty – 23rd March 2011 (video)

•Nifty Futures closed at 5438 which is 58 pts higher from its previous close of 5380.
•Last 13 days it is consolidating for 200 pts between 5350 and 5550
•Now the important level to watch is 5350 for breakdown and 5550 for breakout of current pattern.
•If it breaches 5350 next level to watch will be 5250 and below that 5175.
•No fresh trading positions are recommended till breakout or breakdown is seen.
•Zone of 5450 – 5500 will provide strong resistance in intraday.
•Stock specific we are recommending Educomp to buy for one day in futures at 417 with at s/l of 402 and target of 430
•Educomp has made double bottom at 402.
•Its short term RSI is turning upwards and volumes are also supporting current upmove.

GEPL Technical view on Nifty – 25th March 2011 (video)

Nifty opened positive and maintained its upside tempo throughout the session. It finally concluded the day with a gain of 42 points at 5522. In our opinion Nifty is nearing a very severe resistance level of 5565 and we continue to maintain a bearish stance as long as it trades below that level of 5565. With the upsides of past couple of sessions most people seem to have turned bullish. However we have a contrary view. Depending upon tomorrow’s activity in the morning session, one may short sell Nifty if it is unable to sustain above the level of 5565 placing a stop loss of 5630, on the downside we expect a minimum downside till 5460 in next one to two sessions. Overall one must remain cautious with their long positions near this critical resistance range of 5565 to 5625 as there are high chances that Nifty may correct its recent upmove.

GEPL Technical view on Nifty – 28th March 2011 (video)

Nifty Futures closed at 5674 which is 128 points higher than its previous close of 5546. In last 5 trading sessions it has rallied for 336 pts. Last 2 trading sessions upward price gap opening is seen suggesting fresh buying coupled with hectic short covering. On the weekly charts massive gain of 299 pts is seen. Now the strong resistance zone is placed at 5760-5810 As weekly close is above 5600, the short term trend is changed in upward direction and the reversal level is placed at 5490 on closing basis. Now the intraday resistance levels are placed at 5720 and 5760 whereas the support levels are placed at 5630 and 5560 respectively. Ioc Fut for Oneday @ 312 sl- 300 and trgt 324 Breakout from Falling Wedge Pattern RSI is turning upwards Today’s closing is seen above resistance trendline

GEPL CAPITAL weekly Technical view on Nifty – 29th March 2011 (video)

Previous week the initial phase of the week was a dull start by Nifty but the market was able to surpass the major resistance area of 5565 at the end of the week and ended the week at 5654 which is almost near to its next crucial resistance area of 5689. The sudden spurt which we have seen at the end of the week was able to lift up most of the indices where BSE Reality and BSE IT were the major gainers from this rally while BSE HC and BSE Consumer Durable remained into positive territory but were under performing the broader indices. Nifty is heading towards the next crucial resistance of 5750-5800 range and crossover and sustenance over this area could even lift up Nifty up to the region of 6050. Any correction upto the area of 5500-5550 will provide an opportunity to positional trader to go long with a stop loss placing in the area of 5400 and initial target to 5800 and even above that the probability of 6050 still remains open. Regarding sector specific we are bullish on BSE Bankex and stocks to watch out are Axis Bank and ICICI Bank on the long side while FMCG seems to be underperforming.

GEPL’s Weekly Technical view on Nifty for the week begining on 04th April (video)

Today Nifty has closed at 5826 with a loss of 7points comparative to its previous close. We at GEPL are of the view that a minor decline up to the area of 5600 is on cards which will provide an opportunity to go long for positional traders with a stop loss of 5400 and target of 6050.lose. On the higher side market is facing major supply in the range of 5875-5920 and above that major supply is coming around 6050…On the downward side support is placed at 5700 and below that at 5600.

Regarding sector in our opinion BSE-Capital Goods and BSE-Banking (few selective stocks) can out perform the broader indices while BSE-Health Care and BSE-Consumer Durable may under perform the broader indices.

Regarding stock specific approach we are bullish on BHEL.

GEPL’s Weekly Technical view on Nifty – 06th April 2011 (video)

We were of the opinion that any dips may be utilized as an opportunity to buy for the target of 6050. In past couple of sessions Nifty has not given any meaningful correction and has surged higher. Today it ended almost flat with a gain of mere 1 point at 5910. The rally since past couple of weeks has been exceptionally swift and now Nifty is trading close to a Trend Line resistance and near the 78.60% Fibonacci retracement of the entire fall from 6181 to 5177. We advice profit taking near the range of 5970 to 6050 that we had mentioned earlier and stepping aside for a while to build fresh positions only on declines.

Sector wise we have been witnessing a lot of activity in the mid cap and small cap stocks. Indowind and Indian Bank are couple of stocks that we recommend in this space for next one to two weeks.

GEPL’s Weekly Technical view on Nifty – 11th April 2011 (video)

We were of the opinion that one may book profits as Nifty was fast approaching the resistance range of 5970 -6050. Nifty was seen trading with a very sideways bias since past few days and today it ended with a loss of 43 points at 5842. We continue to recommend profit taking at present levels as Nifty has formed a Doji on the weekly chart. Immediate support is placed at 5800. A breach of 5800 would induce further downsides till 5716 levels. On the higher side the recent high of 5944 and beyond that 5970 continue to remain as a stiff resistance. Even in case Nifty does not corrects below 5800 in the next one or two sessions the upsides may be capped till the level of 5970 to 6050 and from there we may witness some severe profit taking over the course of next week or so.

GEPL’s Weekly Technical view on Nifty – 20th April 2011

Nifty has been highly volatile since past several days ever since it reacted from an important Trend Line resistance joining the previous intermediate peaks. The level of 5944 continues to remain as a very crucial resistance for Nifty, till the time it trades below 5944 the trend continues to remain down. On declines the range of 5640 to 5600 is a key support area, should the present decline halt near this range we may still have some upside pending, alternatively if it breaches this range convincingly then further sell off cannot be ruled out.

As for Stocks we like Pipavav Shipyard on the long side whereas Tata Motors may be sold for three to five sessions.

GEPL’s Weekly Technical view on Nifty – 25th April 2011

Nifty closed at 5884 with a marginal gain of half percent on higher side on Friday comparative to its previous day closed. We at GEPL are of the view that market is continuously facing major supply in the range of 5920-5950. Close and sustenance above this area may lift up Nifty up to the next crucial level of 6150. On the downward side market has got good support at 5800 and below that 5720(200DMA-5730). Any decline up to the mark of 5800 will provide an opportunity to go long with a stop loss placing at 5700 and target of 6150 for positional traders. Regarding sector specific approach, in our opinion BSE-FMCG and BSE- PSU Banks will outperform the broader indices while BSE-CG and BSE-Consumer Durables will underperform Nifty.

Gepl Short Term Nifty View On-01062011(Video)

Today Nifty closed at 5560 with major gain of 87 points comparative to its previous day close. We at GEPL are of the view that ongoing rally is heading towards the mark of 5600. Cross over and sustenance above 5600 will lift up Nifty quickly to the area of 5675-5680. Short term support for Nifty is placed at 5520 and below that 5400. On the higher side resistance is placed at 5600 and above that at 5680(200DMA). Regarding sector specific approach, in the near term Capital Goods and FMCG seems to out perform the broader indices while Metals and Consumer Durable seems to under perform the broader market

Short term view on Nifty – 11th May 2011 (video)

Today Nifty closed at 5541 with a minor loss of 10points comparative to its previous day close. We at GEPL are of the view that market is placed at very crucial support of 5450. Breach and sustenance below 5450 may drag down Nifty up to the mark of 5350 in the immediate short term.

Market is continuously facing supply in the area of 5700 and above that at 5750 where its 200-DMA is placed.

Due to the slightly oversold nature of the market in extreme short term, a minor rebound up to the mark of 5700 may come where positional traders can go short with a stop loss of 5775. .

In our view, BSE –Bankex, BSE-Auto and BSE –Realty will out-perform the broader market while BSE Health Care and BSE Consumer Durable will under-perform the broader markets.

Short term view on Nifty – 09th May 2011 (video)

GEPL Capital brings to you short term outlook Nifty. Watch the video to get a wrap of the Nifty

Nifty closed at 5550 with a gain of slightly higher than 1.5% comparative to its previous day close. We at GEPL are of the view that market is placed at very crucial support of 5550. Breach and sustenance below 5550 may drag down Nifty up to the mark of 5400 in the immediate short term. Market is continuously facing supply in the area of 5700 and above that at 5750 where its 200-DMA is placed. Due to the slightly oversold nature of the market in extreme short term, a minor rebound up to the mark of 5700 may come where positional traders can go short with a stop loss placing at 5760 and target of 5300-5350.

In our view, BSE –Bankex, BSE-Auto and BSE –Realty will under-perform the broader market while BSE Health Care and BSE FMCG will out-perform the broader markets.

GEPL Technical view 27th April 2011

Nifty closed at 5868 with a marginal loss of six points on lower side comparative to its previous day closed. We at GEPL are of the view that market is continuously facing major supply in the range of 5920-5950. Close and sustenance above this area may lift up Nifty up to the next crucial level of 6150. On the downward side market has got good support at 5800 and below that 5720(200DMA-5730). Any decline up to the mark of 5800 will provide an opportunity to go long with a stop loss placing at 5700 and target of 6150 for positional traders. Regarding sector specific approach, in our opinion BSE-FMCG and BSE- PSU Banks will out perform the broader indices while BSE-CG and BSE-Consumer Durables will under perform Nifty.