Sunday, October 15, 2006
GOOD MORNING.
DEAR FRIENDS,
BACK ON TRACK?!?!?!?
MARKETS HAVE BOUNCED BACK AND CLEARED THE MAJOR RESISTANCES TO MOVE HIGHER. EXTREME SHORT TERM SCENARIO DOES LOOK ROSY, BUT, WE REQUEST TO KEEP STRICT STOPLOSSES AND USE EVERY RISE AS AN OPPORTUNITY TO BOOK PROFITS AND AVOID GETTING CAUGHT ON WRONG FOOT ONCE AGAIN. ALL FRESH TRADES SHOULD BE INITIATED WITH EXTREME SHORT TERM VIEW.
TODAY, SENSEX FINDS SUPPORT AT 12475 AND WILL MAINTAIN BULLISHNESS ABOVE THIS LEVEL. NEXT LOGICAL TARGETS ARE PLACED AT 12630 & 12715. WEAKNESS ONLY POSSIBLE BELOW 12385.
AMONG FRONTLINE STOCKS, IT MAJORS - INFOSYS & TCS HAVE BROKEN INTO UNCHARTED TERRITORY. WHILE, ABB, BAJAJ AUTO & STERLITE HAVE GIVEN FRESH BULLISH BREAKOUTS AND WILL BE MAJOR GAINERS IN NEXT FEW TRADING SESSIONS.
BAJAJ AUTO IS TARGETTING 3300+ MARK IN FORTHCOMING TRADING SESSIONS. A STOPLOSS AT 3090 SHOULD BE SUFFICIENT.
ABB LTD IS MOVING UP TO TOUCH 3285 WITH RESISTANCES AT 3085 & 3200. STOPLOSS SHOULD BE KEPT AT 2945.
STERLITE INDS IS POWERING AHEAD TO 475 & 520. STOPLOSS AT 444 SHOULD BE MAINTAINED.
WE STRONGLY RECOMMEND TO BUY JINDAL STAINLESS ABOVE 115. STOCK IS ON THE VERGE OF STRONG BULLISH BREAKOUT AND IS EXPECTED TO TOUCH 125, 135 & 165 IN EXTREME SHORT TO SHORT TERM.
NICHOLAS PIRAMAL IS CONSOLIDATING AT CURRENT LEVELS. A CLOSE ABOVE 240 WILL SPELL MAGIC FOR THIS OTHERWISE SEDATE STOCK AND WILL SURELY ACHIEVE A TARGET OF 264 IN MATTER OF DAYS.
SAIL - RECOMMENDED EARLIER AT 76 LEVELS HAS ALREADY RETURNED 10% AND IS CURRENTLY PLACED AT 83+. WE STRONGLY RECOMMEND A BUY IF ABLE TO CROSS 84.50 FOR TARGETS OF 95 IN EXTREME SHORT TERM. THOSE WHO ARE ALREADY INVESTED MAY KEEP STOPLOSS AT 79.
WE MAINTAIN A BUY CALL ON SUZLON ABOVE 1310. EXPECTED TO ACHIEVE TARGET OF 1400 IN EXTREME SHORT TERM.
POSSIBLE CIRCUIT HITTERS - D.S. KULKARNI, PATEL ENGG., KEMROCK INDS. & GULF OIL CORP.
FRESH BULLISH BREAKOUTS ON CARDS - RCF (ABOVE 46), CAMPHOR & ALLIED (ABOVE 56), INFOTECH ENTERPRISE (ABOVE 226), INTL. COMBUSTION (ABOVE 320), ALLSEC TECHNOLOGIES, PITTI LAMINATIONS (ABOVE 101), TRENT LTD (ABOVE 905) & VST TILLERS.
HAVE A NICE DAY!!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
DEAR FRIENDS,
BACK ON TRACK?!?!?!?
MARKETS HAVE BOUNCED BACK AND CLEARED THE MAJOR RESISTANCES TO MOVE HIGHER. EXTREME SHORT TERM SCENARIO DOES LOOK ROSY, BUT, WE REQUEST TO KEEP STRICT STOPLOSSES AND USE EVERY RISE AS AN OPPORTUNITY TO BOOK PROFITS AND AVOID GETTING CAUGHT ON WRONG FOOT ONCE AGAIN. ALL FRESH TRADES SHOULD BE INITIATED WITH EXTREME SHORT TERM VIEW.
TODAY, SENSEX FINDS SUPPORT AT 12475 AND WILL MAINTAIN BULLISHNESS ABOVE THIS LEVEL. NEXT LOGICAL TARGETS ARE PLACED AT 12630 & 12715. WEAKNESS ONLY POSSIBLE BELOW 12385.
AMONG FRONTLINE STOCKS, IT MAJORS - INFOSYS & TCS HAVE BROKEN INTO UNCHARTED TERRITORY. WHILE, ABB, BAJAJ AUTO & STERLITE HAVE GIVEN FRESH BULLISH BREAKOUTS AND WILL BE MAJOR GAINERS IN NEXT FEW TRADING SESSIONS.
BAJAJ AUTO IS TARGETTING 3300+ MARK IN FORTHCOMING TRADING SESSIONS. A STOPLOSS AT 3090 SHOULD BE SUFFICIENT.
ABB LTD IS MOVING UP TO TOUCH 3285 WITH RESISTANCES AT 3085 & 3200. STOPLOSS SHOULD BE KEPT AT 2945.
STERLITE INDS IS POWERING AHEAD TO 475 & 520. STOPLOSS AT 444 SHOULD BE MAINTAINED.
WE STRONGLY RECOMMEND TO BUY JINDAL STAINLESS ABOVE 115. STOCK IS ON THE VERGE OF STRONG BULLISH BREAKOUT AND IS EXPECTED TO TOUCH 125, 135 & 165 IN EXTREME SHORT TO SHORT TERM.
NICHOLAS PIRAMAL IS CONSOLIDATING AT CURRENT LEVELS. A CLOSE ABOVE 240 WILL SPELL MAGIC FOR THIS OTHERWISE SEDATE STOCK AND WILL SURELY ACHIEVE A TARGET OF 264 IN MATTER OF DAYS.
SAIL - RECOMMENDED EARLIER AT 76 LEVELS HAS ALREADY RETURNED 10% AND IS CURRENTLY PLACED AT 83+. WE STRONGLY RECOMMEND A BUY IF ABLE TO CROSS 84.50 FOR TARGETS OF 95 IN EXTREME SHORT TERM. THOSE WHO ARE ALREADY INVESTED MAY KEEP STOPLOSS AT 79.
WE MAINTAIN A BUY CALL ON SUZLON ABOVE 1310. EXPECTED TO ACHIEVE TARGET OF 1400 IN EXTREME SHORT TERM.
POSSIBLE CIRCUIT HITTERS - D.S. KULKARNI, PATEL ENGG., KEMROCK INDS. & GULF OIL CORP.
FRESH BULLISH BREAKOUTS ON CARDS - RCF (ABOVE 46), CAMPHOR & ALLIED (ABOVE 56), INFOTECH ENTERPRISE (ABOVE 226), INTL. COMBUSTION (ABOVE 320), ALLSEC TECHNOLOGIES, PITTI LAMINATIONS (ABOVE 101), TRENT LTD (ABOVE 905) & VST TILLERS.
HAVE A NICE DAY!!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
GOOD MORNING.
DEAR FRIENDS,
HANGING ON A ROPE
MARKETS ARE ON TENTERHOOKS. ALMOST READY TO DROP LIKE STONE. WHAT SEEMS LIKE MINOR FALL OF JUST 10 POINTS ON SENSEX IS ACTUALLY MUCH BIGGER. IT WORKS OUT TO A WHOPPING 350 POINTS IN PAST 2 DAYS ONLY. IF YOU CONSIDER THE HIGHS & LOWS FOR THESE DAYS.
WE ADVICE TO BOOK PROFITS AND STAY ASIDE FOR FEW DAYS. LET THE CLEAR TREND EMERGE. SENSEX NEEDS TO CLOSE ABOVE 12490 FOR 3 SESSIONS ON A TROT TO MOVE INTO HIGHER TRAJECTORY. INVESTORS WILL DO WELL TO SIT ON CASH FOR THE TIME BEING.
TODAY, SENSEX WILL FACE RESISTANCE AT 12390. DOWNWARD SUPPORT LEVELS THAT MAYBE ACHIEVED ARE 12265 OR EVEN 12175. WHILE UPSIDE MAJOR RESISTANCE EXISTS AT 12475.
BANKING STOCKS ARE FACING HEAT AFTER A HUGE RUN-UP.
ALLAHABAD BANK - SELL IF FALLS BELOW 85.50. STOCK COULD REACH 83 & 81. POSSIBILITY OF TOUCHING 78 CANNOT BE RULED OUT. TREND COULD GET REVERSED ONLY ABOVE 91.50. ONLY FOR BRAVEHEARTED TRADERS.
BANK OF BARODA - GO SHORT AT HIGHER LEVELS WITH STOPLOSS PLACED AT 287.50 FOR TARGETS OF 274 & 268.
CANARA BANK - GO SHORT AT HIGHER LEVELS UPTO 280 WITH STRICT STOPLOSS PLACED AT 282 FOR TARGET OF 260 IN COMING DAYS.
AUROBINDO PHARMA - WE EXPECT IT TO FALL TO 570 OR 550 IN WORST CASE IF STARTS TRADING BELOW 595.
TAKE CARE!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
DEAR FRIENDS,
HANGING ON A ROPE
MARKETS ARE ON TENTERHOOKS. ALMOST READY TO DROP LIKE STONE. WHAT SEEMS LIKE MINOR FALL OF JUST 10 POINTS ON SENSEX IS ACTUALLY MUCH BIGGER. IT WORKS OUT TO A WHOPPING 350 POINTS IN PAST 2 DAYS ONLY. IF YOU CONSIDER THE HIGHS & LOWS FOR THESE DAYS.
WE ADVICE TO BOOK PROFITS AND STAY ASIDE FOR FEW DAYS. LET THE CLEAR TREND EMERGE. SENSEX NEEDS TO CLOSE ABOVE 12490 FOR 3 SESSIONS ON A TROT TO MOVE INTO HIGHER TRAJECTORY. INVESTORS WILL DO WELL TO SIT ON CASH FOR THE TIME BEING.
TODAY, SENSEX WILL FACE RESISTANCE AT 12390. DOWNWARD SUPPORT LEVELS THAT MAYBE ACHIEVED ARE 12265 OR EVEN 12175. WHILE UPSIDE MAJOR RESISTANCE EXISTS AT 12475.
BANKING STOCKS ARE FACING HEAT AFTER A HUGE RUN-UP.
ALLAHABAD BANK - SELL IF FALLS BELOW 85.50. STOCK COULD REACH 83 & 81. POSSIBILITY OF TOUCHING 78 CANNOT BE RULED OUT. TREND COULD GET REVERSED ONLY ABOVE 91.50. ONLY FOR BRAVEHEARTED TRADERS.
BANK OF BARODA - GO SHORT AT HIGHER LEVELS WITH STOPLOSS PLACED AT 287.50 FOR TARGETS OF 274 & 268.
CANARA BANK - GO SHORT AT HIGHER LEVELS UPTO 280 WITH STRICT STOPLOSS PLACED AT 282 FOR TARGET OF 260 IN COMING DAYS.
AUROBINDO PHARMA - WE EXPECT IT TO FALL TO 570 OR 550 IN WORST CASE IF STARTS TRADING BELOW 595.
TAKE CARE!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
GOOD MORNING.
DEAR FRIENDS,
JITTERY
MARKETS ARE JITTERY AHEAD OF INFY'S Q2 RESULTS ANNOUNCEMENT. PAST EXPERIENCE IS NOT A VERY PLEASANT ONE, AS VOLATILITY RISES TO IT'S EXTREMES.
SENSEX ABOVE 12400 WILL BE MILDLY BULLISH AND EXPECTED TO TOUCH 12445. ABOVE 12455, TARGETS ARE PLACED AT 12535 & 12675. WHILE, MINOR SUPPORT EXISTS AT 12310 BELOW WHICH SELL-OFF POSSIBLE TAKING INDEX TO 12255 AND 12115.
GLOBAL CUES ARE BULLISH. SO DO NOT TAKE CONTRARIAN VIEW UNLESS SENSEX TURNS WEAK AND BREAKS THE SUPPORT LEVELS. KEEP AN EAGLE LIKE WATCH ON 12140 MARK. BREACH OF THIS LEVEL WILL MEAN A SHARP CORRECTION.
ORCHID CHEM - WAS UNABLE TO RISE ABOVE THE OCCASION AND HAD TO FALL IN LINE WITH BROADER SENTIMENTS. WE MAINTAIN OUR BULLISH VIEW AND RECOMMEND BUYING IF YOU HAD MISSED THE BUS.
STERLITE OPTICALS HAS MADE A FRESH BULL MOVE. STOCK FACES A MINOR RESISTANCE AT 184. CROSSOVER ABOVE 186 WILL FETCH PRICE OF 198 IN MATTER OF HOURS ONLY. STOCK COMING OUT OF LONG TERM CONSOLIDATION. INVESTORS MAY START ACCUMULATING. MEDIUM TO LONG TERM TARGETS ARE PLACED AT 230, 300 & 450.
A FRESH MOVE IS UNDERWAY ON SUZLON COUNTER. STOCK HAS MOVED UP STRONGLY ON A HIGHLY DIFFICULT DAY SUGGESTING MORE FIREWORKS. WE EXPECT STOCK TO TOUCH 1400 IF ABLE TO CLEAR 1310.
VIDEOCON INDUSTRIES - THOUGH KNOWN BUT MOSTLY IGNORED STOCK AND HIGHLY UNDERVALUED STOCK ON INDIAN MARKETS IS MAKING STRONG MOVEMENTS. CONSUMER DURABLES, OIL, ENERGY, REALTY, INFRASTRUCTURE & INVESTMENTS ARE FEW OF THE BUSINESS IT HAS INTERESTS IN. EXTREME SHORT TERM TARGET IS PLACED AT 475. STRONG BUY.
HAVE A NICE DAY!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
DEAR FRIENDS,
JITTERY
MARKETS ARE JITTERY AHEAD OF INFY'S Q2 RESULTS ANNOUNCEMENT. PAST EXPERIENCE IS NOT A VERY PLEASANT ONE, AS VOLATILITY RISES TO IT'S EXTREMES.
SENSEX ABOVE 12400 WILL BE MILDLY BULLISH AND EXPECTED TO TOUCH 12445. ABOVE 12455, TARGETS ARE PLACED AT 12535 & 12675. WHILE, MINOR SUPPORT EXISTS AT 12310 BELOW WHICH SELL-OFF POSSIBLE TAKING INDEX TO 12255 AND 12115.
GLOBAL CUES ARE BULLISH. SO DO NOT TAKE CONTRARIAN VIEW UNLESS SENSEX TURNS WEAK AND BREAKS THE SUPPORT LEVELS. KEEP AN EAGLE LIKE WATCH ON 12140 MARK. BREACH OF THIS LEVEL WILL MEAN A SHARP CORRECTION.
ORCHID CHEM - WAS UNABLE TO RISE ABOVE THE OCCASION AND HAD TO FALL IN LINE WITH BROADER SENTIMENTS. WE MAINTAIN OUR BULLISH VIEW AND RECOMMEND BUYING IF YOU HAD MISSED THE BUS.
STERLITE OPTICALS HAS MADE A FRESH BULL MOVE. STOCK FACES A MINOR RESISTANCE AT 184. CROSSOVER ABOVE 186 WILL FETCH PRICE OF 198 IN MATTER OF HOURS ONLY. STOCK COMING OUT OF LONG TERM CONSOLIDATION. INVESTORS MAY START ACCUMULATING. MEDIUM TO LONG TERM TARGETS ARE PLACED AT 230, 300 & 450.
A FRESH MOVE IS UNDERWAY ON SUZLON COUNTER. STOCK HAS MOVED UP STRONGLY ON A HIGHLY DIFFICULT DAY SUGGESTING MORE FIREWORKS. WE EXPECT STOCK TO TOUCH 1400 IF ABLE TO CLEAR 1310.
VIDEOCON INDUSTRIES - THOUGH KNOWN BUT MOSTLY IGNORED STOCK AND HIGHLY UNDERVALUED STOCK ON INDIAN MARKETS IS MAKING STRONG MOVEMENTS. CONSUMER DURABLES, OIL, ENERGY, REALTY, INFRASTRUCTURE & INVESTMENTS ARE FEW OF THE BUSINESS IT HAS INTERESTS IN. EXTREME SHORT TERM TARGET IS PLACED AT 475. STRONG BUY.
HAVE A NICE DAY!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
GOOD MORNING.
DEAR FRIENDS,
REVIVAL
MID & SMALL CAPS ARE SEEING REVIVAL IN THEIR FORTUNES. THESE STOCKS WERE LANGUISHING WHILE FRONTLINE & FANCIED STOCKS WERE RUNNING UP CRAZILY. THOUGH, YOU CANNOT CALL IT A SECULAR RALLY AMONG MID & SMALL CAPS. BUT A SELECTIVE GROWTH IS BEING WITNESSED.
TODAY, SENSEX NEEDS TO STAY ABOVE 12355 TO MAINTAIN THE CURRENT BULLISH TEMPO. A CLEAR & STRONG MOVE WILL BE POSSIBLE IF ABLE TO CLOSE AND STAY ABOVE 12445 TAKING SENSEX TO FURTHER HIGHER LEVELS OF 12520 & 12690. IN NO CASE SHOULD THE INDEX BREAK 12275 DURING THE DAY.
ORCHID CHEMICALS IS LOOKING HOT AND READY TO EXPLODE IN NEXT FEW TRADING SESSIONS. INITIAL TARGETS ARE PLACED AT 228 & 240. MAINTAIN A STRICT STOPLOSS AT 204 ON CLOSING BASIS.
NDTV HAS GIVEN A STRONG BULLISH BREAKOUT. BUY AT DECLINES. STRONG FOLLOW UP MOVE EXPECTED ABOVE 236 TO TARGET 249 IN EXTREME SHORT TERM.
STRIDES ARCOLAB - STOCK IS CONSOLIDATING AT HIGHER LEVELS. A CLOSE ABOVE 342 WILL TRANSLATE INTO TARGET OF 370 & 395 IN EXTREME SHORT TO SHORT TERM. MINOR RESISTANCE AT 345 SHOULD NOT BE A BOTHER. SUPPORT EXISTS AT 320.
MANGALAM CEMENT - THIS BIRLA GROUP CEMENT STOCK IS ON THE VERGE OF A STRONG BULL MOVE. A PRICE ABOVE 215 WILL BE A STRONG IMPETUS TAKING IT INTO A NEW BULL ORBIT WITH A BRIEF STOPOVER AT 229 MARK. A NON-STOP MOVE UPTO 250 ON CARDS. BUY, BUY & BUY ONLY.
OTHER HOT STOCKS - SREI INFRA., TINPLATE, REI AGRO, KIRLOSKAR ELECTRIC & TANTIA CONSTRUCTIONS.
STOCKS ON VERGE OF BULLISH BREAKOUTS - SOUTH INDIAN BANK, TRIVENI ENGG., SINTEX, SRF LTD., GEODESIC, JAGRAN PRAKASHAN, & EMCO TRANSFORMERS.
HAVE A NICE DAY!!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
DEAR FRIENDS,
REVIVAL
MID & SMALL CAPS ARE SEEING REVIVAL IN THEIR FORTUNES. THESE STOCKS WERE LANGUISHING WHILE FRONTLINE & FANCIED STOCKS WERE RUNNING UP CRAZILY. THOUGH, YOU CANNOT CALL IT A SECULAR RALLY AMONG MID & SMALL CAPS. BUT A SELECTIVE GROWTH IS BEING WITNESSED.
TODAY, SENSEX NEEDS TO STAY ABOVE 12355 TO MAINTAIN THE CURRENT BULLISH TEMPO. A CLEAR & STRONG MOVE WILL BE POSSIBLE IF ABLE TO CLOSE AND STAY ABOVE 12445 TAKING SENSEX TO FURTHER HIGHER LEVELS OF 12520 & 12690. IN NO CASE SHOULD THE INDEX BREAK 12275 DURING THE DAY.
ORCHID CHEMICALS IS LOOKING HOT AND READY TO EXPLODE IN NEXT FEW TRADING SESSIONS. INITIAL TARGETS ARE PLACED AT 228 & 240. MAINTAIN A STRICT STOPLOSS AT 204 ON CLOSING BASIS.
NDTV HAS GIVEN A STRONG BULLISH BREAKOUT. BUY AT DECLINES. STRONG FOLLOW UP MOVE EXPECTED ABOVE 236 TO TARGET 249 IN EXTREME SHORT TERM.
STRIDES ARCOLAB - STOCK IS CONSOLIDATING AT HIGHER LEVELS. A CLOSE ABOVE 342 WILL TRANSLATE INTO TARGET OF 370 & 395 IN EXTREME SHORT TO SHORT TERM. MINOR RESISTANCE AT 345 SHOULD NOT BE A BOTHER. SUPPORT EXISTS AT 320.
MANGALAM CEMENT - THIS BIRLA GROUP CEMENT STOCK IS ON THE VERGE OF A STRONG BULL MOVE. A PRICE ABOVE 215 WILL BE A STRONG IMPETUS TAKING IT INTO A NEW BULL ORBIT WITH A BRIEF STOPOVER AT 229 MARK. A NON-STOP MOVE UPTO 250 ON CARDS. BUY, BUY & BUY ONLY.
OTHER HOT STOCKS - SREI INFRA., TINPLATE, REI AGRO, KIRLOSKAR ELECTRIC & TANTIA CONSTRUCTIONS.
STOCKS ON VERGE OF BULLISH BREAKOUTS - SOUTH INDIAN BANK, TRIVENI ENGG., SINTEX, SRF LTD., GEODESIC, JAGRAN PRAKASHAN, & EMCO TRANSFORMERS.
HAVE A NICE DAY!!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
GOOD MORNING.
DEAR FRIENDS,
LACK LUSTRE!
MARKET LACKS ENTHUSIASM. EVERY RISE IS MET WITH HEAVY SELLING PRESSURE. INDICES ARE UNABLE TO HOLD ON TO GAINS.
SELECTIVE AND CONSERVATIVE APPROACH TO MARKETS WILL HELP. KEEP STRICT STOPLOSSES. AVOID BUYING STOCKS WHICH HAVE ALREADY NOTCHED UP STRONG GAINS.
12140 IS A MAJOR SHORT TERM TREND REVERSAL MARK. ONE MAY STAY INVESTED TILL IT IS NOT BREACHED.
TODAY, SENSEX WILL REMAIN SUBDUED IF TRADES BELOW 12380 & MAY DROP TO 12340 OR EVEN 12310. WHILE TARGETS FOR THE UPSIDE MOVE ARE 12415 & 12460.
CAPITAL GOODS STOCKS MAY WITNESS STRONG BUYING. NOTEWORTHY STOCKS FROM THE SECTOR ARE...
BEL - BUY ONLY IF TRADES ABOVE 1175 - 1180 RANGE COUPLED WITH STRONG VOLUMES ( ABOVE 15K IN FIRST HOUR) SHOULD BE MAGICAL FOR THE STOCK. TARGETS FOR THE STOCK ARE PLACED AT 1220 & 1265 IN EXTREME SHORT TO SHORT TERM. WHILE SHORT TO MEDIUM TERM TARGET IS PLACED AT 1370.
SIEMENS IS ALL SET TO TOUCH 1180 & 1250 IN EXTREME SHORT TERM TO SHORT TERM. A STRONG BULLISH BREAKOUT SIGNALLED.
FERTILISER STOCKS TOO ARE READY TO BLOSSOM - COROMANDEL FERTILISERS, DEEPAK FERTILISERS, NAGARJUNA FERTILIERS, GNFC, GSFC & CHAMBAL FERTILERS.
DEEPAK FERTILISERS - STOCK HAS MOVED ABOVE IT'S RESISTANCE AT 92. SURELY EXPECTED TO TOUCH 99 IN EXTREME NEAR TERM. A CLEARANCE OF 100 MARK ON BACK OF STRONG VOLUMES WILL LEAD TO 113 IN SHORT TERM.
COROMANDEL FERTILISER - A CLOSE ABOVE 73 OR CROSSOVER OF 75 WILL LEAD TO 78 & 85 IN EXTREME SHORT TERM. A VERY STRONG FUNDAMENTAL & TECHNICAL BUY.
JET AIRWAYS - BUY WITH STOPLOSS AT 640 ON CLOSING BASIS FOR TARGETS OF 700, 730 & 765 IN EXTREME SHORT TO SHORT TERM.
CASTROL ABOVE 227 WILL SHOW IT'S REAL POWERS. 235, 255 & 275 ARE TARGETS FOR THIS LIQUID ENGINEERING STOCK. ADD TO YOUR PORTFOLIO TO BLAZE ON DALAL STREET TRACKS.
HAVE A NICE DAY!
TAKE CARE!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
DEAR FRIENDS,
LACK LUSTRE!
MARKET LACKS ENTHUSIASM. EVERY RISE IS MET WITH HEAVY SELLING PRESSURE. INDICES ARE UNABLE TO HOLD ON TO GAINS.
SELECTIVE AND CONSERVATIVE APPROACH TO MARKETS WILL HELP. KEEP STRICT STOPLOSSES. AVOID BUYING STOCKS WHICH HAVE ALREADY NOTCHED UP STRONG GAINS.
12140 IS A MAJOR SHORT TERM TREND REVERSAL MARK. ONE MAY STAY INVESTED TILL IT IS NOT BREACHED.
TODAY, SENSEX WILL REMAIN SUBDUED IF TRADES BELOW 12380 & MAY DROP TO 12340 OR EVEN 12310. WHILE TARGETS FOR THE UPSIDE MOVE ARE 12415 & 12460.
CAPITAL GOODS STOCKS MAY WITNESS STRONG BUYING. NOTEWORTHY STOCKS FROM THE SECTOR ARE...
BEL - BUY ONLY IF TRADES ABOVE 1175 - 1180 RANGE COUPLED WITH STRONG VOLUMES ( ABOVE 15K IN FIRST HOUR) SHOULD BE MAGICAL FOR THE STOCK. TARGETS FOR THE STOCK ARE PLACED AT 1220 & 1265 IN EXTREME SHORT TO SHORT TERM. WHILE SHORT TO MEDIUM TERM TARGET IS PLACED AT 1370.
SIEMENS IS ALL SET TO TOUCH 1180 & 1250 IN EXTREME SHORT TERM TO SHORT TERM. A STRONG BULLISH BREAKOUT SIGNALLED.
FERTILISER STOCKS TOO ARE READY TO BLOSSOM - COROMANDEL FERTILISERS, DEEPAK FERTILISERS, NAGARJUNA FERTILIERS, GNFC, GSFC & CHAMBAL FERTILERS.
DEEPAK FERTILISERS - STOCK HAS MOVED ABOVE IT'S RESISTANCE AT 92. SURELY EXPECTED TO TOUCH 99 IN EXTREME NEAR TERM. A CLEARANCE OF 100 MARK ON BACK OF STRONG VOLUMES WILL LEAD TO 113 IN SHORT TERM.
COROMANDEL FERTILISER - A CLOSE ABOVE 73 OR CROSSOVER OF 75 WILL LEAD TO 78 & 85 IN EXTREME SHORT TERM. A VERY STRONG FUNDAMENTAL & TECHNICAL BUY.
JET AIRWAYS - BUY WITH STOPLOSS AT 640 ON CLOSING BASIS FOR TARGETS OF 700, 730 & 765 IN EXTREME SHORT TO SHORT TERM.
CASTROL ABOVE 227 WILL SHOW IT'S REAL POWERS. 235, 255 & 275 ARE TARGETS FOR THIS LIQUID ENGINEERING STOCK. ADD TO YOUR PORTFOLIO TO BLAZE ON DALAL STREET TRACKS.
HAVE A NICE DAY!
TAKE CARE!!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
GOOD MORNING.
DEAR FRIENDS,
TREND REVERSED?
YESTERDAY'S MOVE, ON BACK OF DOW JONES' RECORD HIGH, HAS TO A LARGE EXTENT REVERSED THE TREND. ADDITIONALLY, RALLY WAS AN ALL ENCOMPASSING ONE WITH STRONGER VOLUMES. THE STOCKS WILL NOW BE IN A POSITION TO MOVE FURTHER UP.
INVEST ONLY THE STOCKS WHICH HAVE GIVEN FRESH BULLISH BREAKOUTS AND EXIT FROM STOCKS WHICH HAVE ALREADY MOVED UP SUBSTANTIALLY.
TODAY, SENSEX FINDS SUPPORTS AT 12370 AND 12320. RESISTANCES EXIST AT 12430 & 12485.
TEXTILE STOCKS ARE NOW READYING FOR A CORRECTIVE UPMOVE.
ALOK TEXTILES - BUY ONLY IF TRADES ABOVE 70 FOR TARGET OF 81.
ARVIND MILLS - BUY ABOVE 70 FOR TARGET OF 77.
KEWAL KIRAN CLOTHING (KKCL) IS SHOWING A STRONG CONSOLIDATION PATTERN. ACCUMULATE AT CURRENT LEVELS. IF STOCK CLOSES ABOVE 206, TARGET IS PLACED AT 235 IN EXTREME SHORT TERM. WHILE, SHORT TO MEDIUM TERM TARGETS ARE PLACED AT 265 & 290.
CEMENT STOCKS TOO ARE GATHERING PACE AND MAY SEE HIGHER PRICES IN COMING DAYS. GRASIM, GUJ. AMBUJA CEMENTS, KAKATIYA CEMENTS, JK CEMENT, JK LAKSHMI & INDIA CEMENTS COULD LEAD THE LIST OF GAINERS FROM THE PACK.
BILT - LOOKS ALL SET FOR A FANCY RALLY ON THE CARDS. ABOVE 125, TARGETS ARE 131 & 138 IN EXTREME SHORT TERM.
HAVE A NICE DAY!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
NOTE:
[ If you wish to discontinue recieving the daily newsletter, please reply mentioning "UNSUBSCRIBE"]
DEAR FRIENDS,
TREND REVERSED?
YESTERDAY'S MOVE, ON BACK OF DOW JONES' RECORD HIGH, HAS TO A LARGE EXTENT REVERSED THE TREND. ADDITIONALLY, RALLY WAS AN ALL ENCOMPASSING ONE WITH STRONGER VOLUMES. THE STOCKS WILL NOW BE IN A POSITION TO MOVE FURTHER UP.
INVEST ONLY THE STOCKS WHICH HAVE GIVEN FRESH BULLISH BREAKOUTS AND EXIT FROM STOCKS WHICH HAVE ALREADY MOVED UP SUBSTANTIALLY.
TODAY, SENSEX FINDS SUPPORTS AT 12370 AND 12320. RESISTANCES EXIST AT 12430 & 12485.
TEXTILE STOCKS ARE NOW READYING FOR A CORRECTIVE UPMOVE.
ALOK TEXTILES - BUY ONLY IF TRADES ABOVE 70 FOR TARGET OF 81.
ARVIND MILLS - BUY ABOVE 70 FOR TARGET OF 77.
KEWAL KIRAN CLOTHING (KKCL) IS SHOWING A STRONG CONSOLIDATION PATTERN. ACCUMULATE AT CURRENT LEVELS. IF STOCK CLOSES ABOVE 206, TARGET IS PLACED AT 235 IN EXTREME SHORT TERM. WHILE, SHORT TO MEDIUM TERM TARGETS ARE PLACED AT 265 & 290.
CEMENT STOCKS TOO ARE GATHERING PACE AND MAY SEE HIGHER PRICES IN COMING DAYS. GRASIM, GUJ. AMBUJA CEMENTS, KAKATIYA CEMENTS, JK CEMENT, JK LAKSHMI & INDIA CEMENTS COULD LEAD THE LIST OF GAINERS FROM THE PACK.
BILT - LOOKS ALL SET FOR A FANCY RALLY ON THE CARDS. ABOVE 125, TARGETS ARE 131 & 138 IN EXTREME SHORT TERM.
HAVE A NICE DAY!
BEST REGARDS,
NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
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