Sunday, September 6, 2009

Hello All, Hope you enjoyed the weekly & daily calls posted my Namit and myself. Star performers were Wallstreet finance, GAIL, ICSA, Hind dorr Oliver, Torrent pharma and IFCI

Nifty updates for next week:

If nifty is able to close above 4756, then next target for the market is 4904-5100. So, you can buy nifty calls if it closes above 4756 for targets 4904-5100.

Risk taking investors can still buy 4800 call tomorrow if you want for 50% gains. Try to cover the positions intraday until nifty closes above 4756.

Strong support can be seen at 4580. So keep this stoploss for nifty on a closing basis for all your trades.

Weekly calls for week starting 7 Sep 09:
Buy IFCI @58 SL 56 target 62-64
Buy CMC @ 1094-96 SL 1045 target 1190
Buy Jindal steel @ 3281-3286 SL 3235 target 3356
Buy IDFC @ 134-135.50 SL 132 target 140-143

Sure shot Delivery for 15-20 days
Buy Astra Microwave @ CMP target 110
Buy Hind dorr oliver @ CMP target 20-30%
Buy Skumars @ 48-49 target 20%
Buy Prakash Ind @148-150 target 175

Happy trading. All the best!

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