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.

Time To Cheer

Hi,now the picture is clear i.e Congress has won the 15th LOK SABHA election and for this our market should cheer.So now you can look at some long term horizon for say atleast one year
and so on.But still I wont tell you to buy for such a long span,since there can be some downturn.....anyways dont worry about the downturn.Just cheer and participate in the party which I feel should start from Monday.So my target on NIFTY is 3816 and 3850.You can even see a level of 4000 on NIFTY,but as always you should keep a STL of 3554 on NIFTY.For this on NIFTY I would like to recommend you...
1.)ICICI BANK-1st target 600 and then 625 with STL of 536.
2.)PUNJLYOD- it should cross 137.8 for a target of 150 with
STL of 120.
3.)ABAN OFFSHORE- I feel it should go upto 705 and then 750 with a STL of 10% below the purchase price,but be little careful since many fundamental news are circulating around this counter.

Dicey Road Ahead

My previous ideas have worked and now the road ahead is a bit dicey.The reason for this is the result of the 15th Lok Sabha Elections which is to be declared on 16th May.But till then I feel that our Indian market should go up.For our market to rally NIFTY should close above 3500 for 1st target of 3576 and then 3608,3633.But on downside you should have a strict STL of 3362.So for this target on NIFTY, I feel the following ideas should work.
1.) Suzlon it should cross 65.95 level for a target of 71.75 with a STL
of 60.
2.)ICICI Bank it can go upto 520 level with STL of 440.
3.)IDFC it should cross 77.45 for a target of 87.1 with STL of 72.

Relief Rally

Hello everyone,after a span of a year I am back and in this span of one year lot of things happened in the market.For instance our market made a life low which no one would have expected when the SENSEX was at its peak,which has created fear in many persons mind.But after all its a game where one has to win and other has to loose.Lets come to the point.Last week NIFTY has given a break-out which I feel should sustain for few weeks.My target on NIFTY is 3385.So on every dip try to buy with a strict STL of 3110 on NIFTY.For this target of NIFTY you can look at...
1.) RIL for a target of a 1722+.
2.)For LONG TERM you can look at SESAGOA for a target of 127.
But for short term you should keep a STL of 99.95
3.)You can look at AREVA T&D which I feel can go upto 260.
4.)Also you can look at PRAJIND,ISPAT IND where you can
expect atleast 5% return from these levels.

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.