Hello Guys,hope you made a decent profits in weekly positional calls, short term delivery calls and options calls recommended last week.

Well as per technical indicators, nifty has formed a bearish pattern on charts. ROC and MACD indicators are giving a bearish signal.

As I had mentioned few weeks back, we need to be very cautious from 9Oct09 as market can go further down.

Nifty outlook for coming week: Nifty can move up to 5070, 5090, 5100... Hold with a stoploss of 4904. If 4904 is breached on a closing basis downside of 100 more points in nifty is possible.

Weekly calls for next week:
1) Buy IDBI @130-131 SL 126 target 138-142... One can also buy IDBI CA for a good up move of 100% (Must buy).. One can also buy IDBI in an investment account with a target of 400 RS in 12 months time frame.
2) Sell patni comp @395 SL 410 target 375 - 355
3) Buy Thermax @580-582 SL 560 target 600-610
4) Sell tata motors @545 SL 570 target 530
5) Buy OFSS (Previously called as Iflex) @2097-2100 SL 2050 target 2180 (Sure shot)
6) Buy Suzlon @85 SL 83 target 90-92
7) Buy TCS for 10% up move. One can also buy TCS 600 CA

Other weekly Hot picks:
Mundra port, Bajaj finance, Neyveli lignite, Selan, Ultratech and Subash projects

Investment calls (6-12 months timeframe):
Guys I am again retreating Lupin labs, Jindal steel & power, everon education, IDBI.. One can expect a return of more then 100% in 12 months time frame.. Keep investing in parts more like an SIP.

Mutual fund recommendations:
I am getting positive news on DSP Energy world fund.. For people who invest in mutual funds can buy units of DSP world energy fund for a very good returns in next 1-2 years..

Happy trading! Enjoy