Monthly Archives: May 2011

#6 Stock Update: Monthly picks


Stock
CMP
T1
T2
SL
Review
ACC
1027
1054
1136
980
Rectangular Breakout at 1015
AMBUJA CEMENT
138.75
143
153
132
Inverted Head and Shoulder Pattern..neckline at 140
AXISBANK
1282
1350
1450

1227
Moving average and MACD crossovers
BAJAJ-AUTO
1344
1377
1464
1288
Rectangular Breakout at 1338
HDFC BANK
2399
2550


2320
buy on dips
HINDALCO
190
205
224
183
buy on dips
ICICIBANK
1086
1155
1202
1053
Keep Strict stop loss
INFOSYS
2785
2980
3150
2730
Long term Investment
PNB
1099
1135
1189
1050
Accumulate on dips for long term
SBIN
2297
2585
2790
2165
Accumulate on dips for long term

TATASTEEL
589
630
650
560
Accumulate on dips for long term

#17 Nifty Update

NIFTY today was like KKR in IPL 4, came out with surprises from right to the bottom level to almost 100 points up but as KKR was not able to make up to the finals so did NIFTY couldn’t reach out 200 DEMA i.e., 5612. NIFTY broke out at 5517 level which indeed made our probable inverted head and shoulder a false sign. Now NIFTY is looking strong towards upside move. GDP data were out today but it didn’t affect the index to larger extent. India’s GDP grows at 8.5% in FY-2011, Q4 growth at 7.8%.Eye catchers in frontline today were JPA, HDFCBANK,ACC, DLF and SBIN with almost 3% up. SBIN still looks strong to buy for longer holding period i.e., around 6 months. Now a major resistance for NIFTY is 5612 and major support at 5442 level.  Now we could figure out another “inverted head and Shoulder” with neckline of 5609. We might see a bounce back upto the level of 5442 once from 5609
NIFTY levels for 1st June:
R-5600                  S-5517
R-5623                  S-5482
R-5650                  S-5442
R-5700                  S-5400

#16 Nifty Update

Today NIFTY showed up the emotions for the Friday released hangover 2 i.e., it was interesting but not to keep peoples attention all the way. It opened with some positive woes and as expected didn’t crossed 5517 and came back to almost a flat level. Now we might see some correction towards 5400 level which will be good level to go long on NIFTY with the target of 5700 in coming 2 months. Some of the frontline stocks are at gud price to go long such as SBIN, BHEL and TCS. Wait for some more dip in  TATA MOTORS to go long. Educomp has came out with good numbers showing a upside upto 530. Therefore we might see some down side tomorrow with the support of 5442 and 5400.
NIFTY levels for 31st May
R- 5500                  S-5442
R-5517                  S-5400
R-5541                  S-5367
R-5575                  S-5328

#5 Stock Update: Weekly picks

ABGSHIP
CMP
372.85
Recommendation
Buy
Support
365,356
Resist.
380,400
ANANTRAJ
CMP
69.90
Recommendation
Buy on dips
Support
65.60,62.90
Resist.
75.90,81
ALBK
CMP
197.20
Recommendation
Buy on dips
Support
192,183
Resist.
205,214
EDUCOMP
CMP
471.65
Recommendation
Buy
Support
463,445
Resist.
506,530
CROMPGREAV
CMP
257.80
Recommendation
Buy on dips
Support
252,245
Resist.
270,285
FORTIS
CMP 
160.90
Recommendation
Buy on Dips

Support
158,153
Resist.
165,175
GNFC
CMP
100.85
Recommendation
Buy
Support
99.70,95.80
Resist.
105,109

#15 Nifty Update

M back!!!! Had a long break and was out of touch for NIFTY but now I have been back on track….IPL results have been disappointing me but the Corporate results for last quarters are just outstanding and most are beating up street expectations. TATA Group and ADAG Group of companies has been most out performed in the Stock market which has shown some futuristic bull run for the NIFTY index. We could witness a small “Inverted head Shoulder Pattern” in NIFTY as indicated in the graph. If it got to validate the formation then we could see NIFTY resistance at 5517 and then bounce back to around 5400 from where we could buy it for long term. Long Term traders can start buying NIFTY on dips from very levels.
NIFTY levels for 30th May:
R-5500                  S-5445
R-5517                  S-5400
R-5541                  S-5367
R-5613                  S-5328