INVESTMENT POINT
NIKHIL BHATT – 099 793 80808
WWW.INVESTMENTPOINT.IN
WWW.MARKETSCAN.IN
DIRECTION of the INDIAN STOCK MARKET
PERIOD ~14.06.2010 TO 18.06.2010
NIFTY FO RANGE @ 4970 TO 5270 POINT IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5113 AS ON 11.06.2010..!! NIFTY FO has resistance at 5139– 5177 Level; above which other resistance levels are at 5193 – 5210 Level with highly Volatile Trend, In Downside support levels are at 5097 – 5037 Level; below 5019 Level, other support levels are at 4993 – 4970 Levels. I am positive for next week above 5210 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 5210 Level, again then the upper side target is quite high and it may touch 5277 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 14.06.2010 TO 18.06.2010
1. POLARIS SOFT ( 177 ) : It is suggested to buy @ Rs 173 with SL of Rs 167 for the target of Rs 189 – 199; below Rs 167 it can fall up to RS 161 – 157 levels. If it crosses Rs 199 level than expect nonstop rally up to Rs 212..!!
2. HDIL ( 233 ) : Operator based Game start in this stock, Buy @ Rs 228 With SL of Rs 223 for the target of Rs 249– 253 level below Rs 223 it can show further downfall up to Rs 216 …!!!
3. REL COM ( 171 ) : Buy delivery of this stock near @ Rs 167 with SL of Rs 163 for the target of Rs 183 – 189 level. It is very good for medium term position also…!!!
4. ITC LTD ( 282 ) : This stock is looking very good to buy @ Rs 277 with SL of Rs 273 for the target of Rs 293 – 299 levels below Rs 273 stock shall witness free fall…!!!
5.VOLTAS LTD ( 188 ) : Buy @ Rs 183 levels considering minor support of Rs 179 and stop loss of Rs 173 for an upper target of Rs 199 – 203 levels. Below Rs 173 it can slip up to RS 169 – 163 levels…!!!
6. BHARTI TELE ( 273 ) : Operator based buying has been there in this stock. Buy @ Rs 266 with SL of Rs 263 for the target of Rs 288 – 293 levels it is very good for long term position also…!!!
7. ESSAR OIL ( 125 ) : Trading point of view buy @ Rs 119 With SL of Rs 113 for the target of Rs 131 – 137 level below Rs 113 it can show further downfall up to Rs 109.. !!!
8. RNRL ( 52 ) : Buy delivery of this stock near @ Rs 50 with SL of Rs 48 for the target of Rs 59 – 61 level. It’s very good for long term position also…!!!
9. IDBI ( 112 ) : For medium term buying is suggested @ Rs 109 with SL of Rs 103 for the target of Rs 126 – 133 level. Below Rs 103 it can show further downfall…!!!
10.SUZLON ( 53 ) : It is suggested to buy with SL of Rs 49 for the target of Rs 59 – 61 below @ Rs 49 it can slip up to Rs 44 – 41 level. Above Rs 61 level will take the stock to Rs 64 - 67…!!!
NIKHIL BHATT – 099 793 80808
WWW.INVESTMENTPOINT.IN
WWW.MARKETSCAN.IN
DIRECTION of the INDIAN STOCK MARKET
PERIOD ~14.06.2010 TO 18.06.2010
NIFTY FO RANGE @ 4970 TO 5270 POINT IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5113 AS ON 11.06.2010..!! NIFTY FO has resistance at 5139– 5177 Level; above which other resistance levels are at 5193 – 5210 Level with highly Volatile Trend, In Downside support levels are at 5097 – 5037 Level; below 5019 Level, other support levels are at 4993 – 4970 Levels. I am positive for next week above 5210 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 5210 Level, again then the upper side target is quite high and it may touch 5277 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 14.06.2010 TO 18.06.2010
1. POLARIS SOFT ( 177 ) : It is suggested to buy @ Rs 173 with SL of Rs 167 for the target of Rs 189 – 199; below Rs 167 it can fall up to RS 161 – 157 levels. If it crosses Rs 199 level than expect nonstop rally up to Rs 212..!!
2. HDIL ( 233 ) : Operator based Game start in this stock, Buy @ Rs 228 With SL of Rs 223 for the target of Rs 249– 253 level below Rs 223 it can show further downfall up to Rs 216 …!!!
3. REL COM ( 171 ) : Buy delivery of this stock near @ Rs 167 with SL of Rs 163 for the target of Rs 183 – 189 level. It is very good for medium term position also…!!!
4. ITC LTD ( 282 ) : This stock is looking very good to buy @ Rs 277 with SL of Rs 273 for the target of Rs 293 – 299 levels below Rs 273 stock shall witness free fall…!!!
5.VOLTAS LTD ( 188 ) : Buy @ Rs 183 levels considering minor support of Rs 179 and stop loss of Rs 173 for an upper target of Rs 199 – 203 levels. Below Rs 173 it can slip up to RS 169 – 163 levels…!!!
6. BHARTI TELE ( 273 ) : Operator based buying has been there in this stock. Buy @ Rs 266 with SL of Rs 263 for the target of Rs 288 – 293 levels it is very good for long term position also…!!!
7. ESSAR OIL ( 125 ) : Trading point of view buy @ Rs 119 With SL of Rs 113 for the target of Rs 131 – 137 level below Rs 113 it can show further downfall up to Rs 109.. !!!
8. RNRL ( 52 ) : Buy delivery of this stock near @ Rs 50 with SL of Rs 48 for the target of Rs 59 – 61 level. It’s very good for long term position also…!!!
9. IDBI ( 112 ) : For medium term buying is suggested @ Rs 109 with SL of Rs 103 for the target of Rs 126 – 133 level. Below Rs 103 it can show further downfall…!!!
10.SUZLON ( 53 ) : It is suggested to buy with SL of Rs 49 for the target of Rs 59 – 61 below @ Rs 49 it can slip up to Rs 44 – 41 level. Above Rs 61 level will take the stock to Rs 64 - 67…!!!
