Going forward Indian markets will be highly volatile due to various events scheduled in this week. IIP data(Feb, 12th) & WPI Inflation data (Feb, 14th) is scheduled during this week. Results of some heavy weight like SBI, ONGC, SAIL, etc shall be in the lime light. Markets will look up and gradually catch the pre-budget rally from the mid of February as the budgetary session in the Parliamentary commences from 21st February 2013.
Buying in Large & Mid Cap shares is suggested on every fall. Shares like SBI, Reliance, HDFC, TCS, Infosys, Aegis Logistics, Bata, Deltacorp, Trent, Lupin, Sun Pharma etc are very good to buy in delivery.
Technically Nifty has shed almost 3.70% from its recent high of 6111.80 made on 29th January 2013. Now Nifty shall get strong support at 5800, breach of which shall bring Nifty to 5650 changing the short term trend of Nifty to negative. Hence all long position should be held with the stop-loss of 5800.
FOR THIS WEEK:
No trade zone for the Nifty is 5870-5950.
If Nifty breaks 5870, Short Nifty/Buy PE 5900 & PE5800, it may go further down to 5840 & 5800. Keep 5950 as Stop-Loss.
If Nifty breaks above 5950, Buy Nifty/Buy CE 6000 & CE6100, it may go further up to 6030 & 6120. Keep 5870 as Stop-Loss.
FOLLOWING SHARES ARE GOOD TO BUY FOR THE SHORT TERM DELIVERY HOLDING (45-60 DAYS):
1. SUN TV(469.60): Buy for target of 490-500-550++
2. UNITED SPIRIT(1912.85): Buy for target of 2000-2440-2800++
3. DCM(79.30): Buy for target of 90-98-110++
4. L&T(1509.35): Buy for target of 1550-1580-1620-1660++
5. JM FIN(19.50): Buy for target of 22-24-28-30++++
6. GODREJ IND(311.85): Buy for target of 322-336-340-350-360+++
ASTROLOGICALLY: Market will be bullish from the mid of Feb to Feb last.
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