Tuesday, February 22, 2011

MARKET VIEW FOR 22ND FEBRUARY 2011

NIFTY MANAGED TO CLOSE ABOVE 5500 AFTER THE LATE RECOVERY TODAY. NIFTY AS EXPECTED SHALL CLOSE ABOVE 5550 VERY SOON. 


SETTLEMENT COULD BE AROUND 5600. HENCE BUYING CALL OF 5500 FOR FEBRUARY SERIES SHALL BE GOOD TO MAKE SMART SPECULATIVE GAINS. 


TODAY RELIANCE SHALL BE IN THE FOCUS DUE TO ITS DEAL WITH THE B.P. STOCK SHALL SHOW MOVE PAST 1000++ VERY SOON.


NIFTY RANGE FOR THE DAY SHALL BE 5620-5500. FOLLOWING STOCKS SHOULD BE WATCHED OUT FOR INTRA DAY AS WELL AS FOR NEXT 2-3 DAYS.


BPCL(589.50) STOCK SHALL MOVE ABOVE 600 SOON ON SOME VALUATION UP-GRADATIONS.


RELIANCE INDUSTRIES(954.65): STOCK SHALL MOVE PAST 1000 TO 1030 SOON DUE B.P DEAL( NOTE:  NO BIG MOVE SHALL COME AGAINST THE MARKET TREND).


SBI(2791.85): STOCK SHALL CAN MOVE TO 2900 VERY SOON. WATCH OUT THE STOCK TILL SETTLEMENT DATE.


PRAKASH INDUATRIES( 80.95): THIS STOCK SHALL MOVE ABOVE 90-95 VERY SOON. KEEP THIS STOCK IN BUYING LIST ON EVERY FALL. LONG TERM TARGET IS 500++


TATACHEMICAL(337.35): THE STOCK COULD MOVE TO 350+++ LEVELS. KEEP THE STOP LOSS OF 330 FOR TRADING


BHARAT BIJLEE(944.60): BUYING COULD BE DONE IN THIS STOCK FOR THE BUDGET SPECIAL VIEW FOR THE VERY SHORT TERM TARGET OF 1000+++


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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.