NIFTY AND MARKETS OUTLOOK FOR THE WEEK

NIFTY AND MARKETS OUTLOOK FOR THE WEEK

Dear friends,
This is nifty chart which i hve been using for my technical analysis. I hve drwn these trend lines well before a month and watching the market movement. Here, it is very clearly evident that, the nifty is moving up and down exactly just following the traders sentiment and technical indicators... bcoz, these days,,therez no enough strength in the global cues to effect the nifty momentum.


So, i am very confident, nifty will test once again the 4600 levels where it finds very strong resistance(may this reach towards 4600 will take time like some weeks) ...if it holds there for atleast one week or more, rush towards 5000 levels will be very fast...


I advise to buy in all dips and hold stocks with sl of 4250 nifty spot ... who knows if it crosses down,, the gap which was created during post election results Euphoria at 3600 to 4100 may be filled.

Best wishess

STOCK PICKS FOR VERY SHORT TERM

STOCK PICKS FOR VRY SHORT TERM

BUY IFCI AT 51.5 TGT 56 SL 50
CHAMBAL FERTILISERS AT 62 TGT 72 SL 60
UNITED PHOSPHORUS AT 147 TGT 180 SL 140

market out looks for next week

I think tiredness probably sums up the week. It just made an attempt at the peak at 4,650 close above that and then just went completely limp, not getting too much support by way of global cues or money flows. The other big story of the week is the way the breadth has flagged off—trading stocks are not making money; most liquid stocks have come off.

I think next week is going to be a very important one because it will not continue like this very long that the Nifty hangs around 4600, midcaps keep correcting and we still get an illusion that we are trading at 15,500. Either we will cross that hurdle and go to 5000 Nifty or the market will give back, if not majorly, it will go back to 4400 once at least.

So let us see. We will find the answer over the next couple of days but then the note at which the market is closed I think it has mixed it up a little bit for the bulls.

STOCKS FOR THIS WEEK
Bajaj hindustan at 221 tgt 240 sl 210
ifci at 51 tgt 58 sl 49
ks oils at 58 tgt 68 sl 57
hindalco at 100 tgt 115 sl 95
above Rs 220, Sesa Goa can go upto Rs 325-330.
Chambal Fertilizers, strong, Rs 60 is a good support here and you could see Rs 90-95

best wishes

stocks to trade this week

Buy

Chambal fertilizers at 68.5 target 75 sl 66
Jain irrigation at 645 target 700 sl 630
K.S. Oils at 62 targt 72 sl 59
Alok industries 27 tgt 35 sl 25
and a special reference to UNITECH at 95 tgt 110 sl 90

Markets may rally further taking nifty to 4800 & 5000

Even as the market has rallied substantially, it may still have some steam left to take the Nifty to 4,800 levels ahead. the possibility of the

Nifty breaching 4,200–4,300 was slim as there was enough money in the market chasing performance. “We have seen the global emerging markets allocation having upped the India exposure. We have seen 4 billion of cash come into the market as against USD 19 billion that went out last time. So we do not see much downside at this point, adding that while there may be sector rotation in performances, the markets would continue to range at current levels.

Nifty is looking very strong to move up. If it crosses 4640. I am very sure, nifty maymove up to 5000 levels with minor resistance at 4800. Hold all buys, as long as nifty holds over 4540. next support at 4420.

exit all buys here..

I expect there will be shift in sectoral momentum to those which laid dormant wth out participating in the previous rally. It would be better to exit Reality, shipping, cements, sugars for a small period.. and better to take positions in Telecom, commodity based metal stocks and power sector..

Best wishes

Have nice profitable week

BUY UNITED PHOSPHORUS AT 172 TGT 210 SL 160

UNUSUAL VOLUME TRADING HAS BEEN NOTED IN THIS COUNTER
WITH GLOBAL COMMODITY RISE...


BUY UNITED PHOSPHORUS AT 172 TGT 210 SL 160

BEST WISHES