Expectations from nifty from here on wards...

I have firm belief that nifty is still in bullish mode. And it should touch 5600 - 6000 in the coming months and should scale new high by the year end or by the first quarter of next year. Recent pull back was kind of correction and also part of the "gap" filling process. Nifty should not go below 5245 and in all probability it has bottom out for the next 3-4 months. So traders and investors should start playing " Long "  Games with keeping the s/l of 5245 in mind. ( S/l of 5180 for the long term investors) 

Follow Up of Last call..

Apollo Tyre hits stop loss. Tata global moved from 118 to 128 .. book some profit here and move s/l to 115 from 110. hold rest for the target of 140.

Tyre and Beverage...

To run a car u need Tyre and for your mornings u need tea or coffee. To compensate the increase in prices of petrol, here is a stock which can put the money back in your pocket u spent on fuel ..

Buy Apollo tyre (Cmp 82.3 ) with s/l of 79.5 ...

 

Another good looking stock is Tata global .. Buy it with s/l of 110 .. cmp is around 118 ... 

Keep both stocks for 2-3 months if u r an investor. And buy on dip and sell on rise , if you a trader ...

Dollar , Gold and Equity...

GM all traders...
                     I think Dollar ($) and Gold are on the way of replicating what happened with Silver And Crude Oil. IF you remember Silver tanked from 73000 to 40000 in matter of days and crude oil slipped From 5600 to 4600 in even shorter duration. Now i feel that Dollar will come down with a very slow pace and gold will tank like Silver to the level of 25000-26000. IF it happens then Equity will be the only place to invest. Other positive thing is that probably the worst has been over as for as world market is concerned. Dow is trading above 200 DMA and looking for a good up move in Daily chart. So plan your trades accordingly and stay happy.

Global turmoil and Local Hope...

There are so many things going around the world . European crisis , Rating downgrade - upgrade. G-20 , G-8 summits to resolve crisis . Markets flying and falling like a kite in heavy wind. As for as nifty is concerned , i m hopeful of the upside move till it holds 5080 ( 5084 - is its 200 SMA) in short term and 4990 in long term. With a little bit of risk it is an excellent opportunity to make money.

Major support and resistance level for the day is : 5080-5180

Have a profitable day ahead...

What should we expect from our markets now ..?

Nifty has rallied from 4770 to the level of 5180 till now in June. Amid all the bad news from local and global markets it has held its important levels of 4990 - 5050 . IT has also given 3-4 continuous close above psychological level of 5050. So the next target seems to be 5400. Volatility will be in the market for sure but we can play long trades with bit bigger stop losses.

Recommendation : Buy 5300 call of July month with s/l 4990 level of nifty spot.

Happy trading ahead.....

S&P Report and Our market..

S&P again gave a comment on credit rating of India (remember just comment not report) and markets slide. Technically it was bound to correct as NIfty Spot almost touched 5125 ( the major resistance level , Refer my last post). So According to my view nifty spot should take support near 4990 and then continue its upward journey. Dont panic too much with reports and all and try to create buying opportunity till nifty holds 4910-4930 zone. Below this level the picture will become a bit gloomy and then we will decide our next course of action( if necessary). Have a happy trading ahead....

P.S. - IT was same S&P which gave most favorable credit to Sub-Prime loans of USA which was the root cause of Global recession started in 2008.
( If u have any query regarding any stock u can ask me on my mail id : Letter2amit22@gmail.com)

1000 point upside move in Sensex in just 4 days...

Nifty is expected to open 80 points up today. Last time when i recommended to buy on Monday , nifty was trading at 4770. In just 4 days ( including today's opening) it will be 300 point move in nifty and around 1000 point move in Sensex. I hope this would have helped battered traders.

P.S. --- If nifty manages to close above 5125 then in all probability there is a  possibility of touching it 6000 in 3-4 months. Add Maruti in the list of recommended stocks in last post.  

Broad View on Indian stock markets..

As expected , May ,2012 has ended in red. Market took beatings . Amid all the crisis the only silver lining was " Nifty holding its last low of 4531 made on 20th dec 2011" . And in all probability nifty has been bottomed out  as market has absorbed all the bad news. Now Traders are advised to start accumulating stocks in small quantities with keeping s/l of 4530 of nifty spot. Stocks which may give good returns are -- Tata Motors , tata steel , Rel Capital , Hindalco , Hdil , Indiabulls power , Sbi , Axis bank etc. Time frame is of 6 months.
Happy Trading ahead .....

stocks to trade on 25th april

Orchidchem :: buy at 185 s/l 177
Pantaloonr :: buy at 170 s/l 155
Tata global :: 119.5 s/l 116.
( Levels Are according to future prices.)
Thinking about targets , here are the golden words which very few people will accept -- There are no targets for a stock. It can go up to any level so keep trailing s/l.(S/L should be trailed in ratio of 1:2).

Positional calls in different stocks..

Nifty seems to have bottomed out. Till the time it holds 4530 there is all possibility of reversal and bulls are just trying outsmart bears. Keeping these things in mind here are some positional calls ...

Polaris  : Buy above 126.80 stop below 115  target   157
Punjlloyd : Buy above 42.55 stop below 35 target 90
Aban : Buy above 348 stop below 323  target  469
Ibull real state : Buy above 49.95  stop below 43 target  84
Rcom  Buy above 74.70 stop below 65 targets  91-115
icici bk buy above 729 stop below 665  target 995
tisco  Buy above 363.75 stop below 331 target  505
SBIN : Buy above 1704 stop below 1533 target 2085-2665