Wednesday, October 31, 2007

Newsletter & Market Analysis

Market Analysis - Undertone of the Markets will be Bullish & will be mostly in Range till Around Diwali.Markets are Expected to Cool Off from around 12-15 th Mid November.Levels of 5400/5200 Levels can be Expected within this month End...Remember Only after Diwali..till then dont Expect any kind of Major Correction in the Markets.Both Oppertunities to Short & Long will be there...Excellent Oppertunities for Intraday Traders.

Stock Sepecefic Analysis :-

NTPC - Resistance around 245-247 Levels & Support Exists around 226-227 Levels

Jindal Steel & Power (Storng Call) Over Heated now Short *** : Results were Good & Bonus Also Announced But Run Up Too Much..Investors & Traders may Start Booking Profit Tommorow.May Face Resistance around 12500-12600 Levels & May Accumulate Short in it for a Target of 11500 & 10800 Expected in Coming Days.Watch Out for it.

ADLABS Films : Run Up Too Much in Last 2-3 Trading Session may Face Resistance around 852-855 Levels & May Expect Levels of 816/806

POWER & ENERGY STOCKS ARE ALL OVER HEATED & IS EXPECTED TO COVRRECT HEAVILY NOW...SHOWING WEAKNESS..UPSIDE SEEMS TO BE LIMITED..& HEADING FOR A CORRECTION

Tech Stock though showing some kind of bottom fishing at lower levels

I-FLEX SOLUTIONS - We recommend Buy @ 1590-1620 Levels with a Target of 2000-2200 Levels.It is Expected to be a Delisting Candidate in Future.Good for Making Investment.

PRAJ IND - We recommend a Buy @192-196 with a Target of 228/242.Results were Very Good & Crude Scaling Highs which is Benificial for this Company.

Grasim Ind - Showing Weakness since past 3-4 Trading Session Resistance 2 3755-3780 Levels Levels of Rs 3640/3590 Expected in Coming Next week.

HDFC BANK : Resistance around 1680-1690 Levels May Correct upto 1612/1586 Levels in Coming week

ABB Ltd : Resistance around 1610-1625 Levels Target 1515/1490 in this month only.

STOCKS RECOMMENDED ABOVE CAN BE TAKEN AS POSITIONAL TRADE IN FUTURS BY APPLYING STRICT SL AROUND OUR RESISTANCE LEVELS.

Avoid Crazy Movement Stocks like Reliance Industrial Infra & Jai Corporation Too Much expensive no Reason to Buy at Current Levels Strictly ** Avoid it

Penny Stock Call - Buy Proto Infrastructure & Infosys (Bse Code - 530069) @ 3.10-3.15 Long Term Investment call Target Rs 10/15 within 1 Year.(Profit Margin Improving after Every Quarter & also Rewarding dividends to its Investors too)

Recommended 1 Month Back Facor Alloys Ltd @ 4.75-4.80 FLaring up Every Day Rs 6.79 now.

Investment Call - Buy Ansal Housing & Construction Ltd @ Rs 155-160 Target Rs 228/252 within 2-3 Months.

Buy Insecticides India Ltd around 62-65 Levels when it Corrects with a Target of Rs 90/115 in 3-6 months.


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