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)