Indian stock market were in the subdued mode last week with some loss in indices. Global cues made the market weak towards the close of the week due to worsening sentiments on concerns about upcoming fiscal challenges for USA. Indices closed almost flat Sensex at 18683.68 (-0.04%) and Nifty at 5686.25(-0.18).
Going forward, it is seen that Indian market is not going out of the trading range, hence its clear that its waiting to get the cues from domestic events and winter session of parliament. IIP data, Inflation figures and some important global events could lead to volatile sessions ahead.
Every fall or dip is a buying opportunity and one must buy some good quality stocks on Muhurth Trading session on 13th Nov, 2012. Those who have been waiting for a correction and expecting a crash have already received a blow and those who are still expecting the same will be the biggest looser. May be the bull run in India has re-started and before the various smart men come on TV to declare that you must buy, it may become very late. The current correction in prices of non ferrous metals and crude prices shall be very helpful in the positive sentiment.
Technically the no trading zone for Nifty is 5600-5700.
Buy Nifty Calls or Future above 5700, with a stop-loss of 5600, for the target of 5850-5900-5925+++.
Buy Nifty Puts or short Futures below 5600, with a stop-loss of 5700, for the target of 5400-5350+++.
Kindly note that very short term trend is negative and Nifty may drop to 5670 and 5630 hence going long on dips may skew the price in favor of risk reward ratio.
Following Stocks are good to buy for the medium term to long term:
1. GSK CONSUMER(3051.15): Buy for the target of 3500-4000-4500+++ VERY POSITIVE
2. L&T(1620.95): Buy for the target of 2000-2500-3000+++
3. BAJAJ AUTO(1852.05): Buy for the target of 2000-2500-3000+++++ VERY POSITIVE
4. RALLIS(148.55): Buy for the target of 170-200-250+++++
5. COAL INDIA(346.25): Buy for the target of 400-450-500-550++++
6. WOCKHARDT(1629.75): Buy for the target of 2000-2500-3000++++ VERY POSITIVE
7. VIVIMED LAB(349.70): 400-450-600-800-1000+++
8. SAINT GOBAIN(37.95): 45-50-60-70-80-90++++
9. BATA(855.45): 900-1000-1200-1500-1800++++
10. JUBLIANT FOOD(1344.10): Buy for the target of 1500-1800-2200-2500-2800+++. VERY POSITIVE
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.
Going forward, it is seen that Indian market is not going out of the trading range, hence its clear that its waiting to get the cues from domestic events and winter session of parliament. IIP data, Inflation figures and some important global events could lead to volatile sessions ahead.
Every fall or dip is a buying opportunity and one must buy some good quality stocks on Muhurth Trading session on 13th Nov, 2012. Those who have been waiting for a correction and expecting a crash have already received a blow and those who are still expecting the same will be the biggest looser. May be the bull run in India has re-started and before the various smart men come on TV to declare that you must buy, it may become very late. The current correction in prices of non ferrous metals and crude prices shall be very helpful in the positive sentiment.
Technically the no trading zone for Nifty is 5600-5700.
Buy Nifty Calls or Future above 5700, with a stop-loss of 5600, for the target of 5850-5900-5925+++.
Buy Nifty Puts or short Futures below 5600, with a stop-loss of 5700, for the target of 5400-5350+++.
Kindly note that very short term trend is negative and Nifty may drop to 5670 and 5630 hence going long on dips may skew the price in favor of risk reward ratio.
Following Stocks are good to buy for the medium term to long term:
1. GSK CONSUMER(3051.15): Buy for the target of 3500-4000-4500+++ VERY POSITIVE
2. L&T(1620.95): Buy for the target of 2000-2500-3000+++
3. BAJAJ AUTO(1852.05): Buy for the target of 2000-2500-3000+++++ VERY POSITIVE
4. RALLIS(148.55): Buy for the target of 170-200-250+++++
5. COAL INDIA(346.25): Buy for the target of 400-450-500-550++++
6. WOCKHARDT(1629.75): Buy for the target of 2000-2500-3000++++ VERY POSITIVE
7. VIVIMED LAB(349.70): 400-450-600-800-1000+++
8. SAINT GOBAIN(37.95): 45-50-60-70-80-90++++
9. BATA(855.45): 900-1000-1200-1500-1800++++
10. JUBLIANT FOOD(1344.10): Buy for the target of 1500-1800-2200-2500-2800+++. VERY POSITIVE
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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