Now,our market to start a strong uptrend NIFTY(CMP-5062.25) should give a close above previous high i.e 5142 (closing basis).And on the downside it should take a support at 4810.I will stick to my strategy of buying on dips.For this I would suggest
1.)TATA STEEL (CMP-538.8) - Try to buy this script on dip for a target of 623.3 with a STL of 497.
2.)NEYVELI LIGNITE (CMP-150.65) -Buy this script for a target
of 171.8 with a STL of 136.
3.)OPTO CIRCUIT (CMP-217.8) - Buy this script near 210 level for a target of 281.
4.)APOLLO TYRE (CMP-55) - Buy for a target of 63 with a STL of 52.


GOLDBEES (CMP-1682.76) - I believe it can still go up say upto a level of 1900,if you want to take fresh entry dont buy now,wait for a dip.

Consolidation Phase

This week market may further consolidate upto a level of 4945 to say 4860.Also be little careful there might be some news coming out about RIL and RNRLs case.On the other hand try to buy this dip.This time,I wont recommend any stocks,since it would not be feasible.But you can consider my long term bets,which I have recommended in my earlier blogs.
About GOLDBEES,I am still BULLISH,it may even go 1600+ levels.

Direction Bit Uncertain

This week the road ahead is little unclear.Last week even after good cues from Global markets esp.. US our markets corrected.Technically it was expected but this week there is a possibility of our market performing well.The reason for this is that there is a possibility of settlement between Ambani brothers over gas supply.So on downside on NIFTY (CMP-4945.2) you should keep a STRICT STL of 4895.Try to buy on dips as it can be a good strategy for Long Term for which I have already mentioned few ideas in my earlier blogs. For this week you can look at
1.)RIL (CMP-2099.75) - Try to buy near 2084 level with a STL of 2058 for a target of 2212.
2.)BHEL (CMP-2429.3) - Buy for a target of 2593 with a STL of 2342.
3.)ITC (CMP-249.65) - Buy on dips for a Long Term target of 336,but remember this stock is slow mover.
4.)OPTO CIRCUIT (CMP-203.05) - Buy for a target of 217 with a STL of 191.25.
Now the most interesting part i.e GOLD
GOLDBEES (CMP-1569.34) - Last week I had already given the target and STL but now with a revise STL of 1538.

Trend Still Intact

First of all let me wish all my readers Happy Dasara(Dushera).May this Dasra light up for you The Hopes of Happy Times and Dreams for a Year Full of Smiles!

Last week I had given few targets of NIFTY (CMP-4958.95) which I still stick to.But from hereon I will start telling you about GOLD as stock,for those who are interested in buying GOLD as a share.Now from here along with my stock ideas I will provide additional idea about GOLD (i.e GOLD BENCHMARK EXCHANGE TRADED SCHEME-GOLDBEES).
GOLDBEES(CMP - 1547) - Try to buy in the range of 1520-1530 for say a target of 1600 and keep STL of 1507.

**But keep this thing in mind that GOLDBEES does not show exact movement as in GOLD as commodity.Remember you are buying GOLDBEES share and not physical GOLD.

Last week I had given a target of 5075 on NIFTY(CMP-4976.05) which I still feel is achievable.But for now you should keep a STL of 4810 on NIFTY.Also NIFTY was not able to cross physicological level of 5000 on upper-side.So if NIFTY is able to cross this physicological barrier,NIFTY can even go upto a level of 5115.For this I recommend...
1.)MADRAS CEMENT (CMP-125.15) -I am having a target of 138 with a STL of 116.4
2.)ORIENT PAPER (CMP-55.8) - For long term you can think of buying for target of 94 and for short-term I am having a target of 60.25 with STL of 51.85.
3.)BAJAJ (CMP-476.95)-I am having a target 561 with STL of 441.

Last week was mostly dominated by large-cap companies which helped NIFTY(CMP-4829.55) to cross the level of 4800.So in coming week try to buy on dips.And for long-term you can start buying on decline.From here,I will be recommending few stocks technically good for long-term in my every blog.Nifty can go upto a level of 5075 with a STL of 4680.5. For this I recommend
1.)RIL (CMP-2140.85) can go upto a level of 2262 with a STL of 2060,be little alert as this company is in news.
2.)SBI (CMP-1920.5) can go upto a level of 2170 with a STL of 1818.
3.)TORRENT POWER (CMP-261.65) which I feel should be bought for long-term for a target of 350 + level.
4.)TANLA SOLUTIONS (CMP-68) can go upto a level of 86 with a STL of 63.

Last week our market was range bound,mostly it was driven by global markets especially by China. So on higher side NIFTY
(CMP-4528.8) should cross resistance level of 4605 for a target of 4680 and on downside you should have a STL of 4455.So you can look at ....
1.)RANBAXY (CMP-311.65) can go upto a level of 350 with
STL at 295.5
2.)BHEL (CMP-2301.8) can go upto a level of 2590 with STL at 2230
3.)BHUSHAN STEEL (CMP- 973.4) can go upto a level of 1152.15 with STL at 925
4.)JINDAL STEEL & POWER (CMP- 3089.75) can go upto a level of 3356.75 with STL at 2918.1

A Strong Uptrend

Last time I said to stay away,but a strong upmove shows that there is a strong uptrend which can take NIFTY to higher levels.Now its clear that government will disinvest from few of the PSU's and also there can be some change in the FDI norms in the coming months,which I feel will give push to Indian Markets.Also the results of few companies were better than expected which eventually will provide strenght to our market.So on NIFTY (CMP-4568.55) you should keep a STL at 4400.
1.)UTTAM GALVA STEEL (CMP-66.25) target of 80 with STL 56.
2.)CROMPTON GREAVES (CMP-305.25) target 336 with STL 292.1
3.)BEML (CMP-1061.25) target of 1126 with STL 1025.
4.)PNB (CMP-716.2) target 774 with STL 695.

A Non Directional Event

So,now the second biggest event (i.e BUDGET) is over.Many experts said it was a non-event,few said it was good Budget for long term India story and few also said it was a Budget for "Aam Aadmi".But for me it was non-directional Budget from the perspective of STOCK MARKET,since it left many issues untouched which our market had expected that our Finance Minister will shower light on such as Disinvestment in PSUs,change in FDI norms,De-regulation of Oil prices and so on.And as a result our market has entered in a correction phase which can take NIFTY (CMP-4003.9) to a level of 3625.So I wont tell you to buy at current level.
1.)RIL (CMP-1775.15) -can come to level of 1706.But if it breaks this level it can even come down to a level of 1516.
2.)SBI (CMP-1543.65)-can come upto a level of 1362.
3.)AXIS BANK (CMP-738.25)-can come to a level of 698 and if it breaks you can see a level of 637,606.
4.)L&T (CMP-1356.55)-I am having a target of 1209.

***CMP - Current Market Price
I have not mentioned any STOP LOSS (STL) since I am of strong view of market coming down,but even if you feel, you can keep a 10% STL above the selling price.

Has The Bull Run Started?

The answer for this is no.The reason for being pessimist is due to job cuts which many companies are announcing to cope up with the slowdown and also the increasing unemployment.But for short term we are in the strong uptrend which I feel started from 18th May 2009.On NIFTY I am having a target of 4620 and 4653 with a STL of 4215.For this I would like to recommend
1.)Mercator Lines which I feel should go upto 73 and then 80 with STL of 55.
2.)GVK Power which I feel should go upto 55 with STL 42.
3.)Uttam Glava Steel which I feel should go upto 56 but the STL depends upon your risk appetite.
4.)PRAJ IND which I feel should go upto 125 with STL of 102.

Time To Cheer

Hi,now the picture is clear i.e Congress has won the 15th LOK SABHA election and for this our market should cheer.So now you can look at some long term horizon for say atleast one year
and so on.But still I wont tell you to buy for such a long span,since there can be some downturn.....anyways dont worry about the downturn.Just cheer and participate in the party which I feel should start from Monday.So my target on NIFTY is 3816 and 3850.You can even see a level of 4000 on NIFTY,but as always you should keep a STL of 3554 on NIFTY.For this on NIFTY I would like to recommend you...
1.)ICICI BANK-1st target 600 and then 625 with STL of 536.
2.)PUNJLYOD- it should cross 137.8 for a target of 150 with
STL of 120.
3.)ABAN OFFSHORE- I feel it should go upto 705 and then 750 with a STL of 10% below the purchase price,but be little careful since many fundamental news are circulating around this counter.

Dicey Road Ahead

My previous ideas have worked and now the road ahead is a bit dicey.The reason for this is the result of the 15th Lok Sabha Elections which is to be declared on 16th May.But till then I feel that our Indian market should go up.For our market to rally NIFTY should close above 3500 for 1st target of 3576 and then 3608,3633.But on downside you should have a strict STL of 3362.So for this target on NIFTY, I feel the following ideas should work.
1.) Suzlon it should cross 65.95 level for a target of 71.75 with a STL
of 60.
2.)ICICI Bank it can go upto 520 level with STL of 440.
3.)IDFC it should cross 77.45 for a target of 87.1 with STL of 72.

Relief Rally

Hello everyone,after a span of a year I am back and in this span of one year lot of things happened in the market.For instance our market made a life low which no one would have expected when the SENSEX was at its peak,which has created fear in many persons mind.But after all its a game where one has to win and other has to loose.Lets come to the point.Last week NIFTY has given a break-out which I feel should sustain for few weeks.My target on NIFTY is 3385.So on every dip try to buy with a strict STL of 3110 on NIFTY.For this target of NIFTY you can look at...
1.) RIL for a target of a 1722+.
2.)For LONG TERM you can look at SESAGOA for a target of 127.
But for short term you should keep a STL of 99.95
3.)You can look at AREVA T&D which I feel can go upto 260.
4.)Also you can look at PRAJIND,ISPAT IND where you can
expect atleast 5% return from these levels.