WELCOME 2011

Hello,wish YOU A HAPPY And PROSPEROUS HAPPY NEW YEAR.For 2011,Indian Stock Market is poised to make new high.For this will share few intra-day as well as investment ideas which will definitely help you to make money.Hope You make most of it. See You Soon!!!

I have started a new blog for people who are interested in derivatives.(www.derivativestrategy.blogspot.com)

Time to Buy

Last week NIFTY(CMP-5449.1) closed on a positive note.So now as per me you should buy on every dip.As per me there can be some correction say upto a level of 5316 on NIFTY.On Tuesday(i.e 27th July) RBI is going to announce monetary policy which can have some negative impact on our market.Don't worry about the dip just go on buying good scripts.I would like to recommend...
1.)Bank Of India(CMP-402.95)- Try to buy near 384-375 level for a target of 454.
2.)Idea(CMP-68.65)- Buy for a target of 75 with a STL of 64.

CNX Bank Index(CMP-10093.9)-Buy for a target of 10664.35 with a STL of 9932.

**Try to buy on dip.Don't buy at current level of NIFTY.

Way Ahead

Today if NIFTY(CMP-5387)is able to close above 5375 then further you should utilise every dip to buy good stocks.As I am seeing much higher levels on NIFTY.Keep Trading.
HAVE A NICE TRADING DAY.

Consolidation Phase

Last time,I said market on a verge of a break-out.It did give a break-out,but NIFTY(CMP-5269.05)was not able to cross 5353.3,as there are some global concerns as well as RBI is expected to hike rates on 27th July.So what I feel market should consolidate say between 5200-5250 to say 5350.But one should not leave this apportunity to BUY good STOCKS.As I am expecting much HIGHER LEVELS on NIFTY.I would recommend...
1.)CAIRN(CMP-310.95)-Buy for a tgt of 328 with a STL of 301.
2.)ADHUNIK METALLIKS(CMP-108.40)-Buy for a tgt of 117.6 with a STL of 102.5.
Now for Traders,I would like to recommend..
CNXMID(CMP-8061.7)-Buy for target of 8533.55 with a STL of 7902.

Market On The Verge Of A BREAK-OUT

Past few weeks NIFTY(CMP-5119.35)was too volatile.It was driven mainly by global markets(esp.American markets).This week I feel NIFTY should close above 5136 for a target of 5365 with STL of 5018.For this I would like to recommend...
1.)L&T (CMP-1677.3)- Buy for a target of 1800 with a STL 1593.
This time I would like to recommend you BANKEX(CNXBK.NES) for people who trade in Derivatives.
CNXBK.NES(CMP-9451.75)-Should close above 9456 for a target of 9726 with a STL of 9345.


(***Dealing in derivatives is risky if you don't have any knowledge)

Market in A Down Trend

Today NIFTY(CMP-4987.2)opened with a Gap down.So as per me NIFTY should take support at 4941 as NIFTY has violated 5000 level.So on upper-side NIFTY has resistance at 5020.If NIFTY is not able to sustain this level than one can think of shorting NIFTY for say a target of 4882.
1.)Sterlite (CMP-692.45)- Short with a target of 671 with a STL 698.

Crucial Closing

Don't get carried away by yesterdays uptrend.As per me it was a technical bounce back as NIFTY(CMP-5193.6) fell for consecutive 4 days.For an uptrend to start NIFTY should close above 5197.So I won't recommend you to BUY now.Wait for some clarity over GREECE issue.As it can have a bad impact on Indian market.

Time to BUY

This week NIFTY(CMP-5262.8)should close above for 5282 for an uptrend.If NIFTY closes above this level then on every dip you should buy good stocks which I will be recommending in this edition(hehhheee....)of my blog.This time I wont tell you the targets rather I tell you the stocks with highest priority first.
RIL(CMP-1089.8),TATA MOTORS(CMP-783.7),ICICI BANK(CMP-956.55)TATA STEEL(CMP-643.65).

Dicy Road

Finally our Finance minister (Mr Pranab Mukherji) declared the BUDGET,which as per many experts was neutral.On one side FM increased tax slab but on other hand increased few taxes.So in all it was a mixed BUDGET.This week our market can remain choppy on positive side.On Friday NIFTY (CMP-4922.3)was not able to sustain 4950 level.So what I suggest is BUY with strict STL.On NIFTY I have a target of 5109 with STL OF 4830.For this I recommend..
1.)BHUSHAN STEEL (CMP-1601.25) - Tgt 1732 with Stl of 1490.
2.)HONEYWELL(CMP-2399.2) - You can buy it for say 5 to 7% return.

Bears On a Run

From last few days our market has entered in a correction phase,which I feel should continue for few more days.There will be UPs and DOWNs but be careful and don't get carried away by the upward movement.You can expect strong correction in NIFTY (CMP-4882.05) which can take NIFTY upto say 4688 or even upto a level of 4611.So wait for some strong downside.For short term NIFTY should close above 5038 for upward movement.I wont recommend you to buy since it can be risky.So wait and watch......

A New Beginning

Hello friends,Wish You All A Happy and Prosperous New Year.I was not able to post any blog for almost one and half month,as I was busy with some important assignment.But now I am back to share my ideas.So on NIFTY (CMP-5244.75) I am having a target of 5343 with a STL of 4953.For this I would recommend
1.)SHREE RENUKA SUGARS (CMP-241.3) - Buy this script for a target of 267 with STL of 230.
2.)MADRAS CEMENT (CMP-119.1) - Buy this script for a target of 129 with STL of 112.
3.)MERCATOR LINES (CMP-66.1) - Buy this script for a target of 70 with STL of 62.
4.)THERMAX (CMP-617.75) - Buy this script for a target of 665 with STL of 595.