Monday, January 24, 2011

MARKET VIEW FOR 24TH JANUARY 2011

NIFTY RANGE REMAINED 5615 TO 5740. NOW BREAK ON EITHER SIDE SHALL BRING 100 TO 150 POINTS MOVE. CHANCES ARE THERE FOR BREAKING 5740-50 ON UPSIDE AND TESTING 5800-5850 SOON. ONE SHOULD NOT BUY TOO MUCH IN EXPECTATION OF THIS. WAIT & WATCH IS THE BEST POLICY AT THIS POINT OF TIME.
GOOD RESULT FROM SBI & RELIANCE SHALL GIVE SOME BOOST TO SENTIMENT.


FOLLOWING STOCKS LOOKS GOOD TO TRADE:


SBI IT MAY TOUCH 2700-2750 SOON


BANK OF BARODA MAY TOUCH


RELIANCE MAY TOUCH 1030 SOON


BUY PETRONET FOR THE TARGET OF 138-140 VERY SOON. ONE CAN BUY CALLS 130 & 140 STRIKE PRICE FOR FEBRUARY SERIES.


BUY BHUSHAN STEEL FOR THE TARGET OF 450++++ VERY SOON. SL 415


BUY PANTALOON FOR TARGET  OF 340-350+++++ VERY SOON. SL 400


BUY TATA GLOBAL BREVERAGE FOR TARGET OF 112++++  VERY SOON. SL 101


Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

Disclaimer: 
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.


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