NIFTY MANAGED TO CLOSE ABOVE 5500 IS GOOD NEWS FOR BULLS BUT IT NEEDS TO CLOSE ABOVE 5600-5650 (200 DMA) FOR UP MOVE TO 5900++. AS SAID PREVIOUSLY RANGE OF NIFTY BETWEEN 5400-5600 IS NO TRADING ZONE. BREAK ON THE EITHER SIDE WILL RESULT IN MOVE OF AT LEAST 300 POINTS IN NIFTY.
FOLLOWING STOCKS SHOULD BE CONSIDERED FOR ACTION:
1. TECH MAHINDRA(741): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 780-800 SOON.
2. BHUSHAN STEEL(417.20): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 480-500 SOON.
3. HERO HONDA(1515,05): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 1550-1600 SOON.
4. IFCI(54.40): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 58-60 SOON.
FOLLOWING STOCKS SHOULD BE CONSIDERED FOR ACTION:
1. TECH MAHINDRA(741): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 780-800 SOON.
2. BHUSHAN STEEL(417.20): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 480-500 SOON.
3. HERO HONDA(1515,05): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 1550-1600 SOON.
4. IFCI(54.40): LOOK TO BUY ON EVERY DIP THE STOCK MAY RISE TO 58-60 SOON.
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.
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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