Monday, September 28, 2009

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.

Monday, September 21, 2009

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.

Sunday, September 13, 2009

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.