Monday, May 16, 2011

MARKET VIEW FOR THE WEEK 16TH MAY 2011 TO 20TH MAY 2011


AFTER THE ELECTION RESULTS WHICH FAVOR & STRENGTHEN THE POSITION OF THE CENTER GOVERNMENT NIFTY REVERSED BACK FROM THE LOWS ON FRIDAY TO CROSS EVEN 5600 AT A TIME BUT SETTLED BELOW 5600.

NOW FOR THE COMING WEEK NIFTY SHALL TRADE IN THE RANGE OF 5500-5650-5700 FOR WHICH THERE WILL BE MANY STOCKS WHICH SHALL OUTPERFORM THE INDEX.

FOLLOWING STOCKS SHALL BE CONSIDERED FOR DELIVERY FOR A MONTH:

1. MAFATLAL IND(176): Buy in delivery for the short term target of 190-198+++++

2. GEETANJALI GEMS(263): Buy in delivery for the short term target of 290+++++

3. HIND PETRO(387): Buy in delivery for the short term target of 400+++

4.ORCHID(313): Buy in delivery for the short term target of Rs.330+++

5.HUL(305.60): Buy in delivery for the short term target of Rs.320+++++

6.ITC(189.85): Buy in delivery for the short term target of Rs. 210++++

7. RAIN COMMODITIES(194.00): Buy this stock for the short term target of Rs.225-240++++

8.KNR Construction(101.00): Buy this stock for the short term target of  Rs.120++++++

9.SINTEX(181.00): Buy this stock for the short term target of 200++++

10.ARVIND(74.00): Buy this stock for the short term target of 90+++++

OTHER STOCKS:

SKUMAR NATION


ARVIND 


ALOK INDUSTRIES


TIMKEN


PIRAMAL GLASS


CAMLIN


INGERSOLL RAND


ORCHID


CANFIN HOME


LIC HOUSING FIN


OBEROI REALITY 


SURAJ DIAMOND




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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