Hello Guys am back with some more updates.....
Well starting with Nifty outlook for coming week:
4600 / 4700 CA recommended last week gave more then 100% returns.. Hope you all have earned decent money.
Once can still buy 4600 / 4700 CA at these levels or on dips for a target of another 60-100% in coming week.
Important Note: Nifty can move up to 4900+ before August expiry. It would be a quite risky call and hard to believe as I to am aware of negative news flowing in.. One more point to keep in mind is that for Nifty to move towards 4900+, it should break the important levels of 4700 which all of the technicals analyst / HNI / Fund houses are eying at.. Global market support is also required fot nifty to touch 4900+
So strategy can be that one can buy Nifty post it breaks 4700 levels on a closing basis. Aggressive investors can buy nifty at current levels and hold.
Please note that market would be very very volatile in coming week and risk of losing money is bound to be there.
I would go with Nifty touching 4900+ and all set to take that risk.
Stock specific calls for week starting 16 Aug 09:
I would request all of you to hold below mentioned scripts for a good returns, which I had recommended last week to buy:
Hold: Sesa Goa, Punj Llyod, JP associates, Suzlon, Reliance Ind and Voltas.. Many of these scripts did move up last week
Sell calls updates: All the scripts which I had recommended to sell did fare well.. Biggest jackpot was M&M which went down from 835 to 745 (More then 10%). Hope u enjoyed
New buy calls for coming week:
Buy ONGC @1220 SL 1150 target 1275 (Must buy)
Buy Aban @ 1175 SL 1100 target 1250 (Must buy)
Buy BHEL @ 2200 SL 2100 target 2275
Buy Nucleus software @110 SL 105 target 122 (Must buy)
Buy EKC @194 SL 190 target 206 (Must buy)
Buy BEL @1493 SL 1440 target 1570 (Must buy)
Buy GSPL @75 SL 72 target 84
Buy JSW steel @738 SL 711 target 780
Buy KLG @ 186 SL 180 target 200 (Must buy)
Investment/Portfolio calls:
United spirits: had recommended every one to buy united spirits earlier in my postings.. Still one can buy for a target of 1600+ in 2 months time..
Lupin Labs: My all time favorite.. One can still buy
IDFC - target 200+
Tata communications - target 650+
Happy trading for next week! Bye and Enjoy
