Nifty guidance and weekly positional calls for week starting 18Jan2010

Hope all the viewers of this blog is enjoying the stock tips posted on this blog.
Guys it's not a compulsion for anyone to buy scripts recommended on this blog. Myself and Namit do enough analysis of the calls, before posting the calls on this blog.

Investment in stock market is risky by nature and every trader / investor who invest in the market should be aware of the same. We both will try our level best to always guide you all with best stock tips and alert you well in advance on the market movements.. It is therefore recommended to each visitor of this blog to please consult their own advisers / carry out their own study before investing in the scripts recommended on this blog. Namit/Myself are not responsible for any losses incurred.

Nifty Guidance:
Hold onto your long positions... Q3 results declared by companies so far has been good.. Nifty is consolidating around 5200-5250 levels. Same situation we had in december, where nifty gave a good upside breakout. Nifty can see levels of 5300+ this week.
Tomorrow market can open weak because of weak global cues, but will bounce back from 5200 levels at a later part of the day. SL can be kept at 5170 levels

Weekly positional calls for week starting 18Jan2010:
- Hold Jindal steel and power which was recommended last week... One can initiate a fresh buy at these levels... target of 800+ are very much intact.
- buy tata motors @ 797-798 levels for a target of 820+
- buy reliance capital @ 895-902 levels.. close above 920 will move for targets of 955+
- buy beml @ 1207 target 1246-1252
- buy century textiles for target of 615
- buy Fintech for a target of 1700

Those holding IBRealestate can hold for targets of 236-240 where one should exit this counter

Wish you all the very best! Happy trading