Sunday, November 8, 2009

Weekly nifty guidance and positional stock recommendations

Hello guys as mentioned last week, market took a u-turn from 4550 levels and gave a very good rally of 200 points in nifty on the upper side.

All the recommendations posted on blog by Namit and myself also gave bumper profits.. Hope you all guys are minting good money.

Well for the coming week, nifty will continue it's journey to move up to 4950 levels if it crosses 4874. Strong support exists at 4715 & 4645.
Hold onto Nifty 4900 CA recommended here last week at 60-63 rupees for further upmove.

Weekly buy calls for week starting 9Nov09:
Buy Mphasis @723 SL 704 target 755+ (Must buy)
Buy Engineers India ltd @1284 SL 1225 target 1370 (Must buy)
Buy HCC @134 SL 130 target 145
Buy Aurobindo Pharma @818 SL 796 target 860
Buy GDL @133 SL 128 target 140+
Buy Tata steel @ 500-502 SL 494 target 515-520+
Buy Ashok Leyland @51 SL 49 target 55

Keep watch on Cadila and Educomp for a quick up move on Monday.

Note: Please do your own research/study/consult your financial advisor and then invest in these stocks. Don't invest blindly

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