NIKHIL BHATT – 099 793 80808
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DIRECTION of the INDIAN STOCK MARKET
PERIOD ~ 15.03.2010 TO 19.03.2010
NIFTY FO RANGE @ 5013 TO 5230 POINTS IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5148 AS ON 12.03.2010 NIFTY FO has resistance at 5173– 5199 Level; above which other resistance levels are at 5209 – 5230 Level with highly Volatile Trend, In Downside support levels are at 5119– 5013 Level; below 5009 level, other support levels are at 4970 – 4949 Levels. I am positive for next week above 5230 Level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and it’s still a better strategy in the given scenario...!!!
Regarding long term positions, it is preferable to remain cautious now...!! If NIFTY crosses 5230 Level, again then the upper side target is quite high and it may touch 5277 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 15.03.2010 TO 19.03.2010
1. REL INFRA ( 1002 ) : It is suggested to buy @ Rs 990 with SL of Rs 983 for the target of Rs 1019 – 1023 ; below Rs 983 it can fall up to RS 977 – 966 levels. If it crosses Rs 1023 level than expect nonstop rally up to Rs 1037…!!!
WWW.INVESTMENTPOINT.IN
WWW.MARKETSCAN.IN
________________________________________
DIRECTION of the INDIAN STOCK MARKET
PERIOD ~ 15.03.2010 TO 19.03.2010
NIFTY FO RANGE @ 5013 TO 5230 POINTS IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5148 AS ON 12.03.2010 NIFTY FO has resistance at 5173– 5199 Level; above which other resistance levels are at 5209 – 5230 Level with highly Volatile Trend, In Downside support levels are at 5119– 5013 Level; below 5009 level, other support levels are at 4970 – 4949 Levels. I am positive for next week above 5230 Level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and it’s still a better strategy in the given scenario...!!!
Regarding long term positions, it is preferable to remain cautious now...!! If NIFTY crosses 5230 Level, again then the upper side target is quite high and it may touch 5277 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 15.03.2010 TO 19.03.2010
1. REL INFRA ( 1002 ) : It is suggested to buy @ Rs 990 with SL of Rs 983 for the target of Rs 1019 – 1023 ; below Rs 983 it can fall up to RS 977 – 966 levels. If it crosses Rs 1023 level than expect nonstop rally up to Rs 1037…!!!
2. MARUTI UGDHOG ( 1466 ) : Operator based Game start in this stock, Buy @ Rs 1450 With SL of Rs 1437 for the target of Rs 1489 – 1499 level below Rs 1437 it can show further downfall up to Rs 1420…!!!
3. JINDAL SAW ( 215 ) : Buy delivery of this stock @ current levels with SL of Rs 209 for the target of Rs 223 – 230 level. It is very good for medium term position also…!!!
4. INDIA INFO ( 117 ) : This stock is looking very good to buy @ Rs 107 with SL of Rs 103 for the target of Rs 123 – 131 levels below Rs 103 stock shall witness free fall…!!!
5. GAIL ( 417 ): Buy @ Rs 409 levels considering minor support of Rs 401 and stop loss of Rs 399 for an upper target of Rs 429 – 433 levels. Below Rs 399 it can slip up to RS 388 – 381 levels…!!!
6. REL COM ( 165 ): Operator based buying has been there in this stock. Buy @ Rs 157 with SL of Rs 153 for the target of Rs 173 – 179 levels it is very good for long term position also…!!!
7. SESAGOA ( 427 ) : Trading point of view buy @ Rs 419 With SL of Rs 413 for the target of Rs 437 – 444 level below Rs 413 it can show further downfall up to Rs 409…!!!
8. ROLTA INDIA ( 179 ) : Buy delivery of this stock @ current levels with SL of Rs 169 for the target of Rs 189 – 193 level. It’s very good for long term position also…!!!
9. KOTAK BANK ( 777 ): For medium term buying is suggested @ Rs 770 with SL of Rs 759 for the target of Rs 791 – 799 level. Below Rs 759 it can show further downfall…!!!
10. TISCO ( 606 ) : It is suggested to buy with SL of Rs 593 for the target of Rs 619 – 629 below @ Rs 593 it can slip up to Rs 588 – 576 level. Above Rs 629 level will take the stock to Rs 641…!!!
