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.
Saturday, May 30, 2009
Sunday, May 17, 2009
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.
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.
Friday, May 1, 2009
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.
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.
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