A correction in everyones mind and it happens , it was like everyone was waiting for this moment and it happens without giving shocking to anyone . We alredy warned everyone not to buy any fresh positions till the market get settled dwn .
One can book profit or exit all long as long mrkts get settled as of now .The major concern or catalyst acting here is the bad political situation .
Overall there is no panic and yes a a bit of profit booking is going on . But market were able to sustain the support base of 17300.
17300 is a good buying opp for day traders but not for the investments.
We alwaya suggested to stay away from under 100 stocks specailly in futrs segmenst and the way they cracked yesterday u can see why we were saying this .
IFCI , JP hydro , RNRL, Nagarjun fertilizer all almost cracking dwn .
We have given buy call on IT long back and the result season is ahead we can see some more hike from this lvls .
Infy is expected to cm outwith good results and we suggest to buy at lower lvls and regular profit booking is must .
Wockhardt is entring european mrkt with Insulion ..keep an eye
Stocks shuld be bought with the keeping the lower lvls in mind .
Aksh optifibre we suggested 1 month back started to move from last 3-4 trading sessions .
accumulate this for the trgtt of 80-90 ..
RPL below 151 can invite shorters for 145 trgt
NTPC supprt at 200 below that 192..
ABAN is a buy at lower lvls trgt 3800 SL 3650-3680
PATNI was a major gainer in DOW keep an eye trgt 485+ Support at 468
JP is also a buy at lower lvls remeber its a fund houses favrt stock ..
Nifty may test 5000 today and below that support at 4900 and 4850 ..kep an eyee
As we are the bulls in the mrkst we dnt suggest short positions but yes u can trade in shorts specially in liquid scrips.and stocks that have ran a lot only on newzz but no business model or fundamentals .
Sensex supprt at 17300 after that 17000-
Tuesday, October 9, 2007
Monday, October 8, 2007
Stocks to watch out today( 08-Oct -07)
It was a nasty Friday but one can expect a good monday today.US got batter than expected job numbers and US stocks reacted as positive as all of us were expecting , Though DOW will be now in bull zone and we expect further rally ibn DOW , as far INDIA is concern the correction is not ruled out , we are expecting a correction of 1000-1500 points on the chart with in 3-4 weeks of time .
Result season is coming and a couple of good nos can further push the sensex to higher levels .
Short term trend remains volatile with sensex will face resistance at 18150 and to further highs of 18450.
A downward support exist at 17650 -17050.
Traders can trade with that support in mind .Though lot of money is waiting to be invested in the markets as of now so any correction will definately recover very soon .
markets will trade with volatility and profit booking will be there .
New positions can be build in the stocks that hv not taken that much part in the rally and fresh buyout is suggested at declines and correcition.
Infosys in cming with nos on 11 .. u shuld keeop an eye , we expectya good result and stock may react accordingly .
LNT is in talks with Boeing to enter jet parts manufacure buzz befire that only TANEJA aerospace in this buziness ..stock may react +ve ..
.
ADANI is in our list of new multiagg..Its planing to unlock a huge value for for its holders also planning to bring IPO for power buy . on declines..
.
KOTAK bank which we recc at 650 lvls now touching 1000 lvls . agaibn on newzz on talks with expoansion plans with buffet ..
.
Sintex we reccom 2 weeks back have alredy given good return FII's are incresing stake in this counter ..and a good nos too . 10-20% rise with in ST..
.
DLF gonna be in BSE from very soon .. stock will definately see some action .
.
ING vyasa bank our new weekly recomm .. buy on dips .
.
RANBAxy has fixed buybak for zapt labs at 160 per share ..CMP 147 ..buy trgt 155 ..
We reccom u to buy and trade with SL , volatility is not ruled out and keep a SL to avoid huge losses and book profit as sson u got .
Huge intraday swings are seen last week so buying is suggested on declines and at the time of lows..
We will come out with weekly picks and more investment calls in the evng post ..
have a grt trading day ..
Result season is coming and a couple of good nos can further push the sensex to higher levels .
Short term trend remains volatile with sensex will face resistance at 18150 and to further highs of 18450.
A downward support exist at 17650 -17050.
Traders can trade with that support in mind .Though lot of money is waiting to be invested in the markets as of now so any correction will definately recover very soon .
markets will trade with volatility and profit booking will be there .
New positions can be build in the stocks that hv not taken that much part in the rally and fresh buyout is suggested at declines and correcition.
Infosys in cming with nos on 11 .. u shuld keeop an eye , we expectya good result and stock may react accordingly .
LNT is in talks with Boeing to enter jet parts manufacure buzz befire that only TANEJA aerospace in this buziness ..stock may react +ve ..
.
ADANI is in our list of new multiagg..Its planing to unlock a huge value for for its holders also planning to bring IPO for power buy . on declines..
.
KOTAK bank which we recc at 650 lvls now touching 1000 lvls . agaibn on newzz on talks with expoansion plans with buffet ..
.
Sintex we reccom 2 weeks back have alredy given good return FII's are incresing stake in this counter ..and a good nos too . 10-20% rise with in ST..
.
DLF gonna be in BSE from very soon .. stock will definately see some action .
.
ING vyasa bank our new weekly recomm .. buy on dips .
.
RANBAxy has fixed buybak for zapt labs at 160 per share ..CMP 147 ..buy trgt 155 ..
We reccom u to buy and trade with SL , volatility is not ruled out and keep a SL to avoid huge losses and book profit as sson u got .
Huge intraday swings are seen last week so buying is suggested on declines and at the time of lows..
We will come out with weekly picks and more investment calls in the evng post ..
have a grt trading day ..
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