Sunday, October 15, 2006
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.]
# posted by N S FIDAI : 1:31 AM
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