QuickGains

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.]