Hello all hope you enjoying the market guidance given by Namit and Myself.. Well one more exciting and crucial week ahead of us..
Reason for the week ahead to be crucial:
a) Major world markets bleeding in past 2 days and impact can be seen on Indian markets too.
b) Sensex & nifty continuing it upward journey without any correction
Well we all need to be very cautious and please make use of stoploss in every single trade. get out of scripts where you are sitting on good profits as same can be bought again at a lesser price when market falls
My nifty outlook for the week of 4 Oct 09: Nifty can open weak but would still continue it's upward journey for targets of 5113-5150+ where we would require to be cautious..
- Buy ABAN @1650 SL 1612 target 1700 - 1722
- Buy AXIS bank @1009 SL 992 target 1030
- Buy JSW Steel @853 SL 838 target 880
- Buy IDFC @154 SL 150 target 162
- Buy Bhushan steel @1394-95 SL 1345 target 1442
- Buy ISPAT @24.90 SL 23.40 target 27+
- Buy Suzlon @92.40 SL 89 target 97
Short term delivery calls
- Buy CASTROL @517-515 target 700
- Buy IDBI @ CMP target 175
- Buy Elecon Engineering @95 target 120
- Buy Hindalco target 175+ in 2-3 months
- Buy SBI target 2700 in 2-3 months
- Buy JP Associates target 310 in 2-3 months
- Buy Tata Steel target 600 n 2-3 months
Hold onto your October series tata steel 510 CA and Suzlon 90 CA.
Guys I also wanted to introduce you on company fixed deposit whereby some of the fundamental good companies are giving good interest rates on fixed deposits. To begin with I am going to list some of the fundamentally strong companies accepting fixed deposit.
1) Jaiprakash associates - They accept fixed deposit for 6 months, 1, 2 and 3 years. Interest is around 11% and changes with the tenure. Cumulative interest option is also available.
Minimum amount for 1 year and above - 10000 INR
2) Unitech Ltd - They accept fixed deposit for 6 months, 1, 2 and 3 years. Interest is around 11% and changes with the tenure. Cumulative interest option is also available.
Minimum amount for 1 year and above - 10000 INR
Happy trading! Enjoy
Please advise on the security of the abive mentioned banks.As names are very rare.
ReplyDeleteHello Prashant.. this are not banks, they are fundamentally strong companies listed on stock market..
ReplyDeleteThere is always a risk involved while doing a fixed deposit in private companies. Having said that these companies are very strong and are market leaders in their own sectors
Dear Chetan/Amit
ReplyDeleteWhat a great call given on CASTROL. Its now rocking today. Yr call given @ 517/- and within few days it reaches @ 565/- and its journey will continue to achieve your given target of Rs.700/- in very short term.
Great job done. God bless you.
Jayapal
(9819370521)