Wednesday, September 29, 2010
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
Tuesday, September 28, 2010
Saturday, September 25, 2010
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.
Wednesday, September 22, 2010
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.
Tuesday, September 21, 2010
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 .
Monday, September 20, 2010
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.
Saturday, September 18, 2010
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
Friday, September 17, 2010
Wednesday, September 15, 2010
Sunday, September 5, 2010
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.
Thursday, September 2, 2010
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.
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