QuickGains

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.]
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