Carnage Has Begun

Now bears are having a right hand on bulls.So even if any good news comes it is not able to take the market along with it.So at this juncture its better to stay away.But if anyone still wants to do something,then he or she should SHORT NIFTY for a target of 4504.
1. On BHEL I am having a target of 1357 and
2. L&T I am having a target of 2521

Downtrend

So increasing crude oil price and increasing inflation is making a severe impact on our market.In addition to it,bad global cues is further causing a downtrend for Indian Stock market.So taking into account these factors,I am expecting NIFTY to come upto a level of 4772.

Direction Is Uncertain

Last week I said to be cautious,but due to easing crude oil price and positive cues from global market our market rallied and has crossed few important levels.But there is still concern for our market.The major problem for our market is the increasing inflation which has touched its 44 month high of 7.83%,which is not a good sign for our market.But still I think, NIFTY can go upto a level of 5191 to 5228.
Also RCOM can go upto a level of 630.
Tata Steel should cross a level of 903 for a target of 931.

Be Cautious

Last week I said you should go long,but in between many negative news propped in.First and the foremost is the global concern of increasing crude oil price and second but not least is our domestic concern i.e" inflation" which in turn is causing a set back for our market. So after taking all this into account I will suggest you to be cautious.On downside NIFTY should not break 4900 level or else you can see a level of 4865.And also on upside it should cross a level of 5000.So right now market is negatively biased,so I wont recommend to buy at this juncture.Wait and Watch.

Go Long

Since in last week my both the targets of NIFTY were achieved on intra-day basis, so I would like to give a further target of 5303 on NIFTY.For this week you can look for:
1.) KOTAK BANK- One can buy at current level i.e 821 with a tgt of 893+ level,which works out to nearly 9% and dont forget to keep a STL at 797.
2.)JAI PRAKASH ASSOCIATE-One can buy at current level i.e 287 with a tgt of 310+ level,which works out to nearly 8%,with a STL of 278.

As a formality let me tell you "Be Careful Before Investing",since the targets CAN or CANNOT be achieved.Also all these targets are given on TECHNICAL BASIS and not on what I think or what others think.

Watch Out For

Hello friends,for this week i.e 28th April to 2nd May,my previous NIFTY target of 5237 still holds and further you can see a level of 5285.1 on NIFTY and on downside you should look for a level of 5000.My investment ideas for this week are:
1.)ICSA one should buy at a level of 440 with a target of 522
which works out to be roughly 19%,with a stop loss of 413.1
2.)VOLTAS one should buy at a level of 186 with a target of 205
which works out to be roughly 10%,with a stop loss of 178.25

As a word of caution "BE CAREFUL BEFORE INVESTING",these targets CANNOT or CAN be achieved,it depends on the CONDITION of Market.

Technical Trend Of Stock Market

Hi,friends my name is Amit.I am an electronic engineer by profession.But due to intrest in the field of stock market,I am in this field for almost one and half years.I would like to help people make money along with me.For this reason I will be writting a blog every week about the technicals of Indian Stock Market.I hope you will make use of it to the fullest.
From 21st April to 25th April.It is a week of expiry so its obvious that our market should end on a positive note.It doesn't mean that you should go and buy blindly.As per me Nifty's target for short term is 5237.But... but in between there are many crucial levels which Nifty should cross decisively to reach upto a target of 5237 which I think IT CAN.On downside Nifty is having a strong support at 5000 which if it breaks can show you a level of 4942.For this I would like to share with you few of my investment ideas which are as follows:
1.)Akruti City Ltd which one should buy above 1020 level for a target
of 1300+ which works out to be roughly 30%, with a stop loss
of 947.10
2.)Jindal Steel Power which one should buy above 2229 for a target
of 2677 which works out to be 20%, with a stop loss of 2171.5

But remember that all these targets are on closing basis.
Be careful before investing.Since I have given you the targets it doesn't mean it can be achived,it can or cannot.It DEPENDS on the CONDITION of the market.So if the market goes down you should strictly stick to STL(Stop Loss) which I have given.