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.

Now,our market to start a strong uptrend NIFTY(CMP-5062.25) should give a close above previous high i.e 5142 (closing basis).And on the downside it should take a support at 4810.I will stick to my strategy of buying on dips.For this I would suggest
1.)TATA STEEL (CMP-538.8) - Try to buy this script on dip for a target of 623.3 with a STL of 497.
2.)NEYVELI LIGNITE (CMP-150.65) -Buy this script for a target
of 171.8 with a STL of 136.
3.)OPTO CIRCUIT (CMP-217.8) - Buy this script near 210 level for a target of 281.
4.)APOLLO TYRE (CMP-55) - Buy for a target of 63 with a STL of 52.


GOLDBEES (CMP-1682.76) - I believe it can still go up say upto a level of 1900,if you want to take fresh entry dont buy now,wait for a dip.

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.

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.

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.

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.

Last week our market was range bound,mostly it was driven by global markets especially by China. So on higher side NIFTY
(CMP-4528.8) should cross resistance level of 4605 for a target of 4680 and on downside you should have a STL of 4455.So you can look at ....
1.)RANBAXY (CMP-311.65) can go upto a level of 350 with
STL at 295.5
2.)BHEL (CMP-2301.8) can go upto a level of 2590 with STL at 2230
3.)BHUSHAN STEEL (CMP- 973.4) can go upto a level of 1152.15 with STL at 925
4.)JINDAL STEEL & POWER (CMP- 3089.75) can go upto a level of 3356.75 with STL at 2918.1

A Strong Uptrend

Last time I said to stay away,but a strong upmove shows that there is a strong uptrend which can take NIFTY to higher levels.Now its clear that government will disinvest from few of the PSU's and also there can be some change in the FDI norms in the coming months,which I feel will give push to Indian Markets.Also the results of few companies were better than expected which eventually will provide strenght to our market.So on NIFTY (CMP-4568.55) you should keep a STL at 4400.
1.)UTTAM GALVA STEEL (CMP-66.25) target of 80 with STL 56.
2.)CROMPTON GREAVES (CMP-305.25) target 336 with STL 292.1
3.)BEML (CMP-1061.25) target of 1126 with STL 1025.
4.)PNB (CMP-716.2) target 774 with STL 695.

A Non Directional Event

So,now the second biggest event (i.e BUDGET) is over.Many experts said it was a non-event,few said it was good Budget for long term India story and few also said it was a Budget for "Aam Aadmi".But for me it was non-directional Budget from the perspective of STOCK MARKET,since it left many issues untouched which our market had expected that our Finance Minister will shower light on such as Disinvestment in PSUs,change in FDI norms,De-regulation of Oil prices and so on.And as a result our market has entered in a correction phase which can take NIFTY (CMP-4003.9) to a level of 3625.So I wont tell you to buy at current level.
1.)RIL (CMP-1775.15) -can come to level of 1706.But if it breaks this level it can even come down to a level of 1516.
2.)SBI (CMP-1543.65)-can come upto a level of 1362.
3.)AXIS BANK (CMP-738.25)-can come to a level of 698 and if it breaks you can see a level of 637,606.
4.)L&T (CMP-1356.55)-I am having a target of 1209.

***CMP - Current Market Price
I have not mentioned any STOP LOSS (STL) since I am of strong view of market coming down,but even if you feel, you can keep a 10% STL above the selling price.

Has The Bull Run Started?

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.