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DIRECTION of the INDIAN STOCK MARKET - PERIOD ~ 17.05.2011 TO 20.05.2011
NIFTY FO RANGE @ 5403 TO 5555 POINT IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 5450 AS ON 17.05.2011..!! NIFTY FO has resistance at 5477 – 5493 Level; above which other resistance levels are at 5504 – 5517 Level with highly Volatile Trend, In Downside support levels are at 5417 – 5403 Level; below 5403 Level, other support levels are at 5397 – 5390 Levels. I am positive for next week above 5517 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 5517 Level, again then the upper side target is quite high and it may touch 5555 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 18.05.2011 TO 20.05.2011
1. TITAN ( 4110 ) : It is suggested to buy @ Rs 4097 with SL of Rs 4077 for the target of Rs 4147 – 4160; below Rs 4077 it can fall up to RS 4033 – 4017 levels. If it crosses Rs 4160 level than expect nonstop rally up to Rs 4177..!!
2. DELTA CORPORATION ( 85 ) : Operator based Game start in this stock, Buy @ Rs 82 With SL of Rs 77 for the target of Rs 93 – 103 level below Rs 77 it can show further downfall up to Rs 71…!!!
3. ROLTA INDIA ( 135 ) : Buy delivery of this stock near @ Rs 127 with SL of Rs 123 for the target of Rs 144 – 151 level. It is very good for medium term position also…!!!
4. JSW STEEL ( 923 ) : This stock is looking very good to buy @ Rs 913 with SL of Rs 909 for the target of Rs 947 – 963 Levels below Rs 909 Stock shall witness free fall…!!!
5. ICICI BANK( 1037 ): Buy @ Rs 1027 levels considering minor support of Rs 1023 and stop loss of Rs 1019 for an upper target of Rs 1049 – 1053 levels. Below Rs 1019 it can slip up to RS 1011 – 1003 levels…!!!
6. SATYAM COMP ( 74 ) : Operator based buying has been there in this stock. Buy @ Rs 71 with SL of Rs 67 for the target of Rs 83 – 88 levels it is very good for long term position also…!!!
Dear Friends,
NIFTY FO CLOSED @ 5450 AS ON 17.05.2011..!! NIFTY FO has resistance at 5477 – 5493 Level; above which other resistance levels are at 5504 – 5517 Level with highly Volatile Trend, In Downside support levels are at 5417 – 5403 Level; below 5403 Level, other support levels are at 5397 – 5390 Levels. I am positive for next week above 5517 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 5517 Level, again then the upper side target is quite high and it may touch 5555 Level in short term...!!!
GOLDEN STOCKS FOR THE WEEK : 18.05.2011 TO 20.05.2011
1. TITAN ( 4110 ) : It is suggested to buy @ Rs 4097 with SL of Rs 4077 for the target of Rs 4147 – 4160; below Rs 4077 it can fall up to RS 4033 – 4017 levels. If it crosses Rs 4160 level than expect nonstop rally up to Rs 4177..!!
2. DELTA CORPORATION ( 85 ) : Operator based Game start in this stock, Buy @ Rs 82 With SL of Rs 77 for the target of Rs 93 – 103 level below Rs 77 it can show further downfall up to Rs 71…!!!
3. ROLTA INDIA ( 135 ) : Buy delivery of this stock near @ Rs 127 with SL of Rs 123 for the target of Rs 144 – 151 level. It is very good for medium term position also…!!!
4. JSW STEEL ( 923 ) : This stock is looking very good to buy @ Rs 913 with SL of Rs 909 for the target of Rs 947 – 963 Levels below Rs 909 Stock shall witness free fall…!!!
5. ICICI BANK( 1037 ): Buy @ Rs 1027 levels considering minor support of Rs 1023 and stop loss of Rs 1019 for an upper target of Rs 1049 – 1053 levels. Below Rs 1019 it can slip up to RS 1011 – 1003 levels…!!!
6. SATYAM COMP ( 74 ) : Operator based buying has been there in this stock. Buy @ Rs 71 with SL of Rs 67 for the target of Rs 83 – 88 levels it is very good for long term position also…!!!
Rudra Investment work as a friend with you provides to you the Best Stock Research Investment Advisor for your big investment amount for big profit.
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