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Thursday 9 June 2011

Buy Delta Corp !

Buy Delta Corp around 95 for a target of 105 in 2-3 days with a stoploss of 92 on closing basis.

Saturday 28 May 2011

Market Outlook for June

In the month of May, markets were clearly in a downtrend and under bears grip. This is just a trailer of what is going to come. According to the latest technicals, for the month of June, Nifty is likely to hit max to max 5600-5650 on the upside and could find strong support at 5350-5300 levels. So NIFTY is likely to be in the range of 5300-5600 levels. It is better to book profits and exit from longs at 5600 levels where major supply is likely to come, if one is holding any long positions. In the next six months or so market is likely to head lower and lower, so caution is advised against going longs aggressively in these markets. Book small profits by going longs and exit with minimum profits. In the current market scenario go along with the momentum of the market trend. NIFTY'S final target on the downside could be much lower at 4500-4200 levels possibly in the next six months or so.

Tuesday 10 May 2011

Buy Polaris Software

Buy Polaris Software around 203 for a target of 220 in 3-5 days with a stoploss of 200 on closing basis.

Thursday 28 April 2011

Tata Global showing some momentum !

Buy Tata Global Beverages Limited around 103 for a target of 110 in 3-5 days with a stoploss of 100 on closing basis.

Monday 25 April 2011

Sterlite hits the target !

Sterlite Industries recommended to buy around 178 yesterday hits the target of 189 in just one day, made a high of 190 today.