INVESTMENT POINT
NIKHIL BHATT – 099 793 80808
WWW.INVESTMENTPOINT.IN
http://www.marketscan.in/
________________________________________
DIRECTION of the INDIAN STOCK MARKET
PERIOD ~ 05.04.2010 TO 09.04.2010
NIFTY FO RANGE @ 5190 TO 5470 POINTS IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5305 AS ON 01.04.2010..!! NIFTY FO has resistance at 5330– 5370 Level; above which other resistance levels are at 5397 – 5410 Level with highly Volatile Trend, In Downside support levels are at 5277 – 5230 Level; below 5230 level, other support levels are at 5209 – 5190 Levels. I am positive for next week above 5410 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 5410 Level, again then the upper side target is quite high and it may touch 5470 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 05.04.2010 TO 09.04.2010
1. BHARTI TELE ( 301 ) : It is suggested to buy @ Rs 297 with SL of Rs 287 for the target of Rs 319 – 323 ; below Rs 287 it can fall up to RS 281 – 277 levels. If it crosses Rs 323 level than expect nonstop rally up to Rs 330…!!!
2. VAKRANGI SOFT ( 117 ) : Operator based Game start in this stock, Buy @ Rs 113 With SL of Rs 109 for the target of Rs 129 – 133 level below Rs 109 it can show further downfall up to Rs 101…!!!
3. SAIL ( 252 ) : Buy delivery of this stock @ current levels with SL of Rs 237 for the target of Rs 269 – 273 level. It is very good for medium term position also…!!!
4. MAN ALUM ( 52 ) : This stock is looking very good to buy @ Rs 49 with SL of Rs 47 for the target of Rs 61 – 69 levels below Rs 47 stock shall witness free fall…!!!
5. INDIA CEMENT ( 134 ): Buy @ Rs 129 levels considering minor support of Rs 123 and stop loss of Rs 119 for an upper target of Rs 149 – 157 levels. Below Rs 119 it can slip up to RS 110 – 107 levels…!!!
6. BIOCON LTD ( 295 ): Operator based buying has been there in this stock. Buy @ Rs 286 with SL of Rs 279 for the target of Rs 309 – 313 levels it is very good for long term position also…!!!
7. ONGC ( 1086 ) : Trading point of view buy @ Rs 1077 With SL of Rs 1069 for the target of Rs 1103 – 1111 level below Rs 1069 it can show further downfall up to Rs 1057…!!!
NIKHIL BHATT – 099 793 80808
WWW.INVESTMENTPOINT.IN
http://www.marketscan.in/
________________________________________
DIRECTION of the INDIAN STOCK MARKET
PERIOD ~ 05.04.2010 TO 09.04.2010
NIFTY FO RANGE @ 5190 TO 5470 POINTS IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5305 AS ON 01.04.2010..!! NIFTY FO has resistance at 5330– 5370 Level; above which other resistance levels are at 5397 – 5410 Level with highly Volatile Trend, In Downside support levels are at 5277 – 5230 Level; below 5230 level, other support levels are at 5209 – 5190 Levels. I am positive for next week above 5410 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 5410 Level, again then the upper side target is quite high and it may touch 5470 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 05.04.2010 TO 09.04.2010
1. BHARTI TELE ( 301 ) : It is suggested to buy @ Rs 297 with SL of Rs 287 for the target of Rs 319 – 323 ; below Rs 287 it can fall up to RS 281 – 277 levels. If it crosses Rs 323 level than expect nonstop rally up to Rs 330…!!!
2. VAKRANGI SOFT ( 117 ) : Operator based Game start in this stock, Buy @ Rs 113 With SL of Rs 109 for the target of Rs 129 – 133 level below Rs 109 it can show further downfall up to Rs 101…!!!
3. SAIL ( 252 ) : Buy delivery of this stock @ current levels with SL of Rs 237 for the target of Rs 269 – 273 level. It is very good for medium term position also…!!!
4. MAN ALUM ( 52 ) : This stock is looking very good to buy @ Rs 49 with SL of Rs 47 for the target of Rs 61 – 69 levels below Rs 47 stock shall witness free fall…!!!
5. INDIA CEMENT ( 134 ): Buy @ Rs 129 levels considering minor support of Rs 123 and stop loss of Rs 119 for an upper target of Rs 149 – 157 levels. Below Rs 119 it can slip up to RS 110 – 107 levels…!!!
6. BIOCON LTD ( 295 ): Operator based buying has been there in this stock. Buy @ Rs 286 with SL of Rs 279 for the target of Rs 309 – 313 levels it is very good for long term position also…!!!
7. ONGC ( 1086 ) : Trading point of view buy @ Rs 1077 With SL of Rs 1069 for the target of Rs 1103 – 1111 level below Rs 1069 it can show further downfall up to Rs 1057…!!!
8. BIRLA SHLOKA ( 70 ) : Buy delivery of this stock @ current levels with SL of Rs 66 for the target of Rs 79 – 83 level. It’s very good for long term position also…!!!
9. GANESH POLY ( 47 ): For medium term buying is suggested @ Rs 46 with SL of Rs 41 for the target of Rs 53 – 57 level. Below Rs 41 it can show further downfall…!!!
10. FORTIS HEALTH ( 179 ) : It is suggested to buy with SL of Rs 171 for the target of Rs 189 – 197 below @ Rs 171 it can slip up to Rs 167 – 163 level. Above Rs 197 level will take the stock to Rs 203…!!!
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