Market Technicals for the next 5 Trading Days
Indian Markets Technicals
We expect Nifty & Sensex to touch 6371 & 21161 above 6136 & 20345. If the markets moves below 6136 & 20345 levels, then it will try to touch 5900 & 19529 levels.
Economy
We expect the price of Lime Stone to fall by 40-45% in next 1 year. We also expect the price of Gypsum to fall by 35-40% in next 1 year.
Derivatives Calls
Futures (Weekly)
Buy Nifty Nov.'10 at current levels with a target of 6136.00 & with a stoploss below 5991.00.
Buy BankNifty Nov.'10 at current levels with a target of 12705.00 & with a stoploss below 12330.00.
Very Long Term Delivery Calls (1-2 Years)
We strongly recommend a buy on ABG Shipyard Ltd. at current levels with a long-term target of 1204.00.
We strongly recommend a buy on ACC Ltd. at current levels with a long-term target of 2208.00.
Long Term Delivery Calls (4-6 Months)
We strongly recommend a buy on VTM at current levels with a long-term target of 239.00.
We strongly recommend a buy on Rane Engine Valve at current levels with a long-term target of 388.00.
Medium Term Delivery Calls (3-4 Months)
We strongly recommend a buy on Sadbhav Engineering Ltd. at current levels with a medium-term target of 1976.00 & with a stoploss below 1368.00.
We strongly recommend a buy on Shriram City Union Finance Ltd. at current levels with a medium-term target of 932.00 & with a stoploss below 548.00.
Short Term Delivery Calls (1-2 Months)
Sell Simplex Infrastructure Ltd. at current levels with a short-term target of 401.00 & with a stoploss above 480.00.
Buy Sintex Inds. Ltd. at current levels with a short-term target of 314.00 & with a stoploss below 174.00.
Performance of Calls
Noida Toll Bridge Co. buy call given @ 32.70 has achieved its target of 39.00 & has given a profit of 19.27% in 47 Days.
Eicher Motors Ltd. buy call given @ 847.50 has achieved its target of 1349.00 & has given a profit of 59.17% in 5 Months.
Uflex Ltd. buy call given @ 143.30 has achieved its target of 294.00 & has given a profit of 105.16% in 66 Days.
NIIT Tech. LTd. buy call given @ 181.80 has achieved its target of 225.00 & has given a profit of 23.76% in 2 Months.
Devp. Credit Bank buy call given @ 48.25 has achieved its target of 66.00 & has given a profit of 36.79% in 2 Months.
Capital Trust Ltd. buy call given @ 66.00 has achieved its target of 96.00 & has given a profit of 45.45% in 81 Days.
Mahindra & Mahindra Financial Services Ltd. buy call given @ 541.30 has achieved its target of 743.00 & has given a profit of 37.26% in 3 Months.
Escorts Ltd. buy call given @ 110.60 is closed & has given a profit of 104.66% in 1 Year.
LKP Finance Ltd. buy call given @ 115.00 is closed & has given a profit of 32.65% in 3 Months.
Bata India Ltd. buy call given @ 186.30 is closed & has given a profit of 79.90% in 1 Year.
Bank of Baroda buy call given @ 476.40 is closed & has given a profit of 83.52% in 1 Year.
Super Crop Safe Ltd. buy call given @ 11.08 has achieved its target of 16.00 & has given a profit of 44.40% in 44 Days.
Axis Bank Ltd. buy call given @ 1311.75 has achieved its target of 1565.00 & has given a profit of 19.31% in 44 Days.
Please let me know your thoughts on this subject.
I look forward to hearing from you. Thank you for letting me express my concerns to you.
Regards
Vikash Agarwal
Rourkela. Orissa. India
Mobile : +919437202566
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Finance/Stocks/Equity/Mutual Funds Information Search
19th November 2010
Labels:
Day Trading,
Market Research
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