NIKHIL BHATT – 099 793 80808
WWW.INVESTMENTPOINT.IN
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DIRECTION of the INDIAN STOCK MARKET
PERIOD ~ 12.04.2010 TO 16.04.2010
NIFTY FO RANGE @ 5290 TO 5473 POINT IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5367 AS ON 09.04.2010..!! NIFTY FO has resistance at 5390– 5409 Level; above which other resistance levels are at 5430 – 5470 Level with highly Volatile Trend, In Downside support levels are at 5319 – 5309 Level; below 5309 Level, other support levels are at 5288 – 5270 Levels. I am positive for next week above 5473 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 5473 Level, again then the upper side target is quite high and it may touch 5505 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 12.04.2010 TO 16.04.2010
1. REL POWER ( 157 ) : It is suggested to buy @ Rs 153 with SL of Rs 149 for the target of Rs 163 – 169 ; below Rs 149 it can fall up to RS 143 – 140 levels. If it crosses Rs 169 level than expect nonstop rally up to Rs 173…!!!
2. VAKRANGI SOFT ( 135 ) : Operator based Game start in this stock, Buy @ Rs 129 With SL of Rs 123 for the target of Rs 149 – 153 level below Rs 123 it can show further downfall up to Rs 117…!!!
3. PIPAVAV SHIPYARD ( 85 ) : Buy delivery of this stock near @ Rs 82 with SL of Rs 79 for the target of Rs 93 – 99 level. It is very good for medium term position also…!!!
4. APTECH LTD ( 175 ) : This stock is looking very good to buy @ Rs 169 with SL of Rs 163 for the target of Rs 185 – 189 levels below Rs 163 stock shall witness free fall…!!!
5. ROLTA INDIA ( 194 ): Buy @ Rs 188 levels considering minor support of Rs 183 and stop loss of Rs 179 for an upper target of Rs 203 – 213 levels. Below Rs 179 it can slip up to RS 176 – 171 levels…!!!
6. JINDAL SHAW ( 220 ): Operator based buying has been there in this stock. Buy @ Rs 216 with SL of Rs 213 for the target of Rs 227 – 231 levels it is very good for long term position also…!!!
7. RELIANCE IND ( 1126 ) : Trading point of view buy @ Rs 1116 With SL of Rs 1109 for the target of Rs 1141 – 1151 level below Rs 1109 it can show further downfall up to Rs 1097…!!!
8. SICAL LOG ( 100 ) : Buy delivery of this stock near @ Rs 97 with SL of Rs 91 for the target of Rs 109 – 113 level. It’s very good for long term position also…!!!
9. JSW ENERGY ( 117 ): For medium term buying is suggested @ Rs 113 with SL of Rs 111 for the target of Rs 124 – 129 level. Below Rs 111 it can show further downfall…!!!
10. NATCO PHARMA ( 151 ) : It is suggested to buy with SL of Rs 143 for the target of Rs 163 – 167 below @ Rs 143 it can slip up to Rs 139 – 133 level. Above Rs 167 level will take the stock to Rs 177…!!!
