NIFTY A ROLLER COASTER RIDE...........
Nifty after breaching 4140 lvls & testing pschological support 4100 & a sharp bounce has been seen upto 4160 lvls. This is just a technical bounce & be selective to your buying. Mainly shorts were covered in the largies. Today again 4140 wil play like a make or break situation. A close below 4140 wil confirm the bearish tone. We expect a minimum of 5% correction from these nifty spot levels.
Stock specific activity to continue & keep strict stop loss.
Buy new listing time techno ( 532856 ) at opg bell tg 500 short term.
Stock specific buy or sell recomendations for PCG only.
Good Day, Happy Investing..............
Accumulate Grindwel Norton, Niit Ltd & Niit Tech for short term gains.
As recomending from the last many days focus to shift from Large caps to small & mid caps stocks. One can see there are no major movements in the biggies but smallies are hitting circuits.
Market Commentry :
Buy Unitech abv 495 sl 480 tg 520 & 540 Positional call
Buy Ansal infra abv 290 sl 275 tg 320 Positional call
Buy India Bul real estate abv 350 sl 335 tg 365 & 380 Positional call
Buy Peninsul land abv 500 sl 480 tg 550 positional call
Buy Icici Bank abv 922 sl 905 tg 955 - 965 Positional call
Sell intra day Ril Below 1695 sl 1710 tg 1680 & 1665
Sell intra day bharti below 795 sl 810 tg 780 & 770
Intra buy gremach infra bav 146 sl 142 tg 152 & 155
Time Techno book profits at 485 lvls
Positional call Buy Taneja aerospace ( 522229 ) cmp 160 tg185-195 Short term
Positioncal call Buy Engineers India ( 532178 ) cmp 485 tg 600 Short term
Gremach intra day book profits at 154 & Ril falling cmp 1680
Niit Ltd tg 1000 Achieved today. ( yesterdays call )
Post Closing :
Sensex at last maintained to close abv 14000 down by 128 points & nifty closed at 4113 down 42 points. Nifty below 4140 close but still sustaining 4100 lvls but the trend has become weak as telling from last many days as use rallies to book profits & exit markets for short term.
Time Tech tg achieved
Gremach tg achieved
Niit Ltd tg achieved
I bull real estate tg achieved
Ril sell call tg achieved
Fresh calls to be given tomm. Hold positional calls.
NOW WE ARE GOING TO GIVE FUNDAMENTAL CALLS TOO FOR LONG TERM. JUST BUY & HOLD.
GOOD DAY AHEAD, HAPPY INVESTING
