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market view for next week

we may still face moredownward direction in the market, but a small correction is badly due for reaching up to yhe new highs, so alwys buy on dips.

TECHNICAL CHART OF KARUTURI GLOBAL

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BTST BUY On 11 OCt

Traders can buy GODREJIND, GUJNRECOKE, NRBBEARINGS, AND CREWBOS AS A BTST BUY.

MARKET VIEW FOR 11 OCT to 15 OCT

After looking at the charts of most of the stocks, the next week week will be most probably a flat to negative movement zone i.e, a consolidation phase. Stil some stocks wil continue to perform. BERGERPAINT-- The stock is in a sideways consolidation phase, ready for its next upmove. If market supports then may breakout above 115 anytime for a tgt to 125. Looking strong on charts. TUBEINVEST-- The stock is showing enough strength on charts for next tgt to 164. Buy this around 149-151.

TECHNICAL CHART OF BERGER PAINT

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VIEW ON PAREKH ALUMINEX

Buy this stock at current level of 474, as sideways consolidation pattern is seen on the chart. Stock is preparing for a fresh upmove which can lead this to 500 levels.

Technical chart of PAREKH ALUMINEX

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TECHNICAL VIEW ON AUTO ANCILLARY STOCKS

SUNCLAYTON-- Now trading @ its 20 day moving avg. As support. MACD Stil above zero line. RSI is weak . One can buy it around 217 for tgt to 250 in medium term with stop of 200. 38.2 % fibonacci retracement level is 219 and 23.6% retracement level is 211. These two levels are the support s1 and s2. EXIDEIND-- One of the strongest stock among its peer group. Strong on the chart. May take a breakout at any time above 165. MACD bullish, RSI strong. Triangle pattern visible on the chart. A good buy. MINDAIND- Looking good on chart, but wait for closing above 365, then create any position. Currently trading @357 taking 20 day moving avg. As support, if broken above 380 then may head towards 400.

SOME GOOD STOCKS TO BUY DURING FNO EXPIRY

BATAINDIA- Buy @337 for tgt to 358, the stock is in clear uptrend, today traded with a huge volume, RSI is turning around from 50 level, EMA(5) IS 337.7, EMA(8) is 339.3 and EMA(20) is 337.4. Fibonacci retracement level at 38.2% is 334 which is acting as a support. Buy and go long. TATASPONGE- Buy @ 378 for tgt to 400, MACD STRONG, RSI is 64.67 trying to move above the overbought line of 70. MUST BUY

BATAINDIA

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SONATSOFTW- Buy in between 50- 51 for tgt to 54 in 3 days, clear uptrend, 38.2% fibonacci retracement level is 49.10, use this as stoploss. BATAINDIA- Buy @ 342-344 for tgt to 356.

TECHNICAL CHART OF SONATA SOFTWARE

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TRADING TIPS FOR 27 SEP TO 01 OCT 10

MLL-- One can buy this stock @55 for tgt above 58 within 3-4 days time horizon with stop of 50. As per chart EMA(20) is 53.25, EMA(8) is 53.96 and EMA(5) is 54.06. MACD above zero and a crossover is happening. RSI has taken a turnaround from 50 level and is now @ 58.82 level. All the signals are strong so go long. ABGSHIP-- Buy @ 245 for tgt to 255 within 3-4 days with stop of 235. MACD fast line trying to cross zero line. RSI 51.86. A good buy. RALLIS-- A doji formation is observed on the charts at support of 1420. Buy only if opens in positive. As per chart a bullish flag pattern is seen here. Buy and hold for 2 weeks, if market supports then we can see it above 1600.

TRADES FOR 23 SEP 10

DCB-- Buy @ cmp for tgt of 56 in 3-5 days. STAR- Once again a good buy @ 438 for tgt to 160. KPIT- buy for tgt above 172.

Buying with holding for 3-4 days

Jetairways- buy @ cmp for tgt to 830 til next tuesday. Hinddor oliver- buy @ 137 for tgt to 146 .

WHAT TO BUY ON 21 SEP 10

EIH-- Buy this @ current mkt price as its roaming around at itr 20 day moving avg as support, a definite buy if opens in positive. ESSAR OIL- BUY @ 133 for tgt to 141.

WHAT TO BUY ON 21 SEP 10

EIH-- Buy this @ current mkt price as its roaming around at itr 20 day moving avg as support, a definite buy if opens in positive. ESSAR OIL- BUY @ 133 for tgt to 141.

TECHNICAL VIEW ON PSU BANkIng STOCKS

UCOBANK-- One can buy this@ 115 with stop of 113 at its 20day moving avg. As it may breakout above 120 for tgt of 125-130 in this week. RSI(14) below 70, trying to move in overbought zone and wil stay over there for few days which will lead it to 135. Clear uptrend. INDUSINDBK-- Dont buy at this level but if anybody already having position in this , may hold this for some more upside. Definately a good buy at dips. Rsi in overbought zone. IOB-- A risky buy at current levels not too good on charts, hold with a stop of 126 on medium term basis for some more gains in coming days. CENTRALBK-- A risky buy at current levels but stil upside is left to tgt of 213-215 on charts. RSI ENTERED in overbought zone. DENABANK-- Clear uptrend on weekly charts, one can buy @ current levels with stop of 100 on weekly closing basis for tgt above 122-125. ALBK-- Its a must buy on dips, not at current levels, let it come down to220 and then initiate position. It has a strong medium term support at 210

TECHNICAL CHART OF STAR

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Technical view on MADHUCON PROJECTS

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CHAMBLFERT

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Tips for market on 6 sep 2010

ESCORTS- One can initiate a buy in between 210-216 with a stop on 200 as a flag pattern observed on EOD chart with a price tgt of 228.Dont buy if opens above 219. NFL- Buy this stock in between 123-127 for a price tgt of 135 as it may brebkout to this level with stoploss of 118.

TRADING IDEA FOR SEP 2010

Better not to trade in such a direction less market. Chances of a small correction is expected as the range of Nifty is 5100 to 5500 in short term based analysis. More or less small investors always get trapped in such a scenario, so its better to sit with your cash. However, some of the midcaps will keep on rallying like hotel stocks, wockpharma, kpit cummins.

FOREX TRADING FOR INDIANS

Forex trading has been accepted as a way of living in countries like USA, UK RUSSIA etc but stil far away from the reach of indians, however some of the brokerages companies like sharekhan, reliance money and IDBI bank too has introduced FX trading but limited to availability of currency pairs which is four only & the base is only INR . So indians has to rely on the forex brokers located abroad, but most difficult thing is depositing & withdrawl options bcoz most of the indians dont have credit cards and paypal a/c. But one thing if u dont have any of these u need not to worry there is one more option which indians can follow netteller prepaid card which has depositing options through debit card & local indian bank deposit optios and there r certain brokers which accept funding from netteller card but one of the best trading platform which has all the user freindly features is www.etoro.com. U can open a demo a/c and have your practice out there & have an online chat with them they will guide u better and for any further i am here only.

Strategy that will work out in feb

Market not showing any strength, but need not to panic as we wil witnes some stock specific actions in stocks like tinplate, kernex, rcf, ifci ahead of the budget. We are not going to see 4400 in this month.