Archive for July, 2009
Stock tips for 23 July 2009
After two choppy day yesterday market came down, technically this is correction, market is still in bull phase or bull trend. This type of corredction is normally good for market. Technically if nifty close below 4399 then nifty may touch 4301 also. That means market is still trading in very high volatile mode.
NIFTY Support/Resistance
RESISTANCE: 4450
SUPPORT: 4340
Religare Securities has advised traders to buy HDIL for target of Rs 250.
India Infoline has advised traders to buy Welspun Gujarat for target of Rs 215.
Nirmal Bang has advised traders to buy Reliance Industries with a stoploss of Rs 1940.
Indices are expected to open higher, says Karvy Stock Broking. It advises to trade long in Nifty from lower support of 4320.
Stock Tips For 20-July-2009
NIFTY FUT.
NIFTY Strong Resistance 4492-4525
BUY ABOVE 4410
Target. 4432/63/92
SL 4390
SELL BELOW 4390
Target 4351/23
BEML
Buy Above 1040
Target: 1080-1100
Stoploss: 1030
In 2-3 Days
Adlabs
Buy above 338
Targets: 341/345
SL of 334
RIL
Buy above 1930
Target: 1945 /1954
LT
Buy above 1420
Target: 1438/1455
Stock Tips for 15-July-2009
Nifty finally ended it six day losing streak by registering impressive gains on back of positive global clues. But this move can not be considered as turn around of any kind, market has to cross over 4250 with volume to bring in cheers, which looks very unlikely. Today market has support at 4080 and 4050 and on the up side 4200 is on cards,4255 is the biggest hurdle for any upside. Advance Declines improved considerably but volumes were not very impressive. Traders must exercise due caution for till clear direction emerges.
Buy nifty only above 4150 sl- 4128 Target- 4178/4195 / 4214
Sell nifty only below 4085 sl- 4110 Target- 4062/ 4040/3992.
If Nifty Trades above 4140 then Buy
AXIS BANK
Buy above 768 with Stop Loss of 759
For Target 780 –785
HERO HONDA
Buy above 1411 with Stop Loss of 1390
For Target 1435 –1449
NTPC
Buy above 195 with Stop Loss of 192
For Target 200 –204
If Nifty Trades below 4080 then Sell
DLF
Sell below 296 with Stop Loss of 302
For Target 290—285
UNITECH
Sell below 71 with Stop Loss of 73
For Target 66—65
SUZLON
Sell below 88 with Stop Loss of 91
For Target 84—82
Option Calls
Meanwhile ITC is an ideal stock to test traders patience. Stock has formed multiple tops around 215. Volumes are coming down and it looks like require lot of strength to cross 215
Once 215 is crossed buy for a tgt of 218 220 sl 212 .
Better option is to buy 210 CE once 215 is crossed.
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