Sunday, August 9, 2009

Hello All, I got lot of messages towards the end of week asking about the market conditions..
Well "NO NEED TO PANIC AT ALL" is my reply..

We are in a bull run and I do not see a major fall in the market as of now.. Correction was due and it happened last week..

Well market should start it's upward journey starting next week and one can but Nifty 4600 or 4700 CA for next week..

Buy Nifty 4600/ 4700 CA for next week... Returns expected is 75-100% gain.. Keep Stoploss of 4400 which I believe will not break

Other weekly stock tips for week starting 10 Aug 09
1) Buy Sesa Goa - Target 280-290 rs
2) Buy Punj Llyod - Target 270-280 rs
3) Buy Suzlon - 90 CA or 100 CA is preferred.. Target 100%
4) Buy JP Associates - 230 CA is preferred.. Target 100%
5) Buy Reliance Ind - Target 2200 (short term)
6) Buy Maruti Suzuki - Target 1550
7) Buy Voltas - Target 180 rs (10-15 days)
8) Buy ICICI bank - Target 950+ rs (10-15 days)

Keep eye on textile stock like Arvind mills, Alok Ind and Bombay dyeing for a good up move in coming week

SELL CALLS
Profit booking is expected in counters like M&M, HeroHonda, Grasim, HDFC bank and India Infoline

Portfolio/Investment calls
Guys I had recommended you to buy Lupin labs at approx 750 Rs.. Today it's trading at 970 Rs and company paid dividend of 12.50 Rs per share. Hope many of you guys are holding it. Targets are big so hold it and once can still buy this script on declines..

Happy Trading and hope Nifty moves up as expected !

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