Sunday, October 15, 2006
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.]
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