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.