YESTERDAY ALSO MARKET AGAIN TRADED IN A RANGE & CLOSED WITH SOME SMALL LOSSES.NIFTY ENDED AT 5632 DOWN 18 POINTS & SENSEX AT 18745 DOWN 70 POINTS.MARKET BREADTH WAS WEAK IN NSE & POSITIVE IN BSE WHICH SHOWS THAT MARKET IS FATIGUE OF GOING UP AND THE STEAM IS GRADUALLY COLING.HOWEVER FIIs WERE NET BUYERS WHICH IS THE RAY OF HOPE.GOING FORWARD MARKET IS LIKELY TO TRADE IN A RANGE, WAITING FOR NEXT IMPORTANT TRIGGER IS QUARTERLY EARNINGS FOR "AMJ"(Q1).STOCKS LIKE ACC, BAJAJ AUTO, HEROHONDA,ETC., MAY OUTPERFORM, WHICH SHOULD BE BOUGHT ON DIPS.
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.
NIFTY HELD THE SUPPORT OF 5610,THE SHORT TERM TREND IS UP AND FIIs ARE NET BUYERS, SHOWS THAT NIFTY IS BULLISH AND ITS CONSOLIDATING AFTER THE RUN-UP FROM 23RD JUNE FROM THE LOWS OF 5196.EVERY DIP SHOULD BE TAKEN AS BUYING OPPORTUNITY AND STOCK SPECIFIC APPROACH MUST BE DEVELOPED. NIFTY MIGHT NOT DO GREAT WORKS BUT MID-CAP & SMALL-CAP MIGHT KEEP ON OUTPERFORMING ON STOCK SPECIFIC MOVES.
THE RANGE FOR THE NIFTY TODAY SHALL BE 5610-5695 WITH SUPPORT AT 5570 & 5550 AND RESISTANCE AT 5730 & 5750.BUY & TRADE IN BOTH CALL & PUT OF NIFTY TO CATCH THE TRADING RANGE DUE TO VOLATILITY.
FOLLOWING STOCKS ARE GOOD TO TRADE AND ACCUMULATE(CASH,FUTURE & OPTION):
1.M&M(717.20):INTRADAY BUY WITH A STOP-LOSS OF 706 FOR THE TARGET OF 722-728-733-738
2.V-GUARD(225.90):DELIVERY BUY FOR THE TARGET OF 240+++ VERY SOON.
3.SKUMARS NATION FUT(56.40): BUY THIS STOCK IN CASH OR IN FUTURE OR IN CE55.00,CE57.50 OR CE60 IN JULY SERIES. A POSITIVE NEWS FLOW WILL TAKE THE STOCK TO 65-68++++ VERY SOON.MUST BUY EVERY TRADER & SPECULATOR.
4.AIA ENGINEERING(375.00):DELIVERY BUY FOR 45-60 DAYS,MAY GIVE 450++. A GOOD FUNDAMENTALLY STRONG PICK FOR THE LONG TERM HOLD.
5.BLUE DART(1603.90): BUY THE STOCK IN DELIVERY FOR THE SHORT TERM TARGET OF 1750+++(MEDIUM TERM TARGET 2300+++).NEWS DRIVEN JUMP UP WILL BE SEEN IN A DAY OR TWO HENCE MUST BUY.
6.BPCL(659): BUY IN DELIVERY FOR THE SHORT TERM TARGET OF 690-700+++ (ONE CAN ALOS TRADE ON INTRA-DAY BASIS).
7.HPCL(402.50): BUY IN DELIVERY FOR THE SHORT TERM TRAGET OF 430+++.(ONE CAN ALOS TRADE ON INTRA-DAY BASIS).
SHORT CALL ON THE STOCKS WHICH APPEAR WEAK.SHORT IN FUTURE OR BUY PUT OPTIONS,WITH STOP-LOSS ONLY,OTHERWISE DON'T SHORT.
1.FINANCIAL TECHNOLOGY FUT(878): SHORT THIS STOCK AT CMP OR AT EVERY RISE, WITH A STOP LOSS OF 940 FOR THE TARGET OF 790-770 BY NEXT FEW DAYS.
2.DISH TV FUT(90.60):SHORT BELOW 89 FOR TARGET OF 85-84 OR BUY DISH TV PE90@3.00(JULY SERIES) FOR THE TARGET OF 6.50-7.00++. STOP LOSS TO FUTURE SHORT IS 92, WHEN SHORTED BELOW 88.
NOTE: KINDLY KEEP ON TRACKING THE SCRIPTS WHICH HAS BEEN MENTIONED SEVERAL TIMES IN THE PAST AND PREVIOUS POSTINGS. THERE ARE MANY STOCKS WHICH RALLY OR MOVE AFTER SOME DAYS OF RECOMMENDATIONS AND VIEWERS FORGET THE COUNTER TO TRACK, SO KEEP ON TRACKING THE PREVIOUS RECOMMENDATIONS AND SUGGESTIONS.
IN CASE OF ANY CLARIFICATION AND UNDERSTANDING, YOU CAN JOIN TO CHAT ON YAHOO MESSENGER AT "vikas198012003@yahoo.co.in" or sms at "9335976722"
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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