Tips for 05.02.2008

Monday, February 4, 2008

JAI SHRI KRISHNA US CLUES NEGATIVE ASIAN MKT NEGATIVE VOLATILE SESSIONMARKET OUTLOOK:-NOW NIFTY WILL COME DOWN TODAY NEAR 5300-5250, WHERE ONE CAN BUY FOR MINIMUM TARGET OF 5623 AND THEN 5700 IN COMING DAYS. WATCH. NOW NEW US DECLINE ISSUE: CREDIT CARD DEFAULTS.. ISPAT IND...........BSE CODE : 500305 (44.20) SINCE, THE MARKET IS LIKELY TO OPEN ON NEGATIVE NOTE, DUE TO WEAK GLOBAL CUES. BUT, STILL, U CAN BUY IT'S SMALL QTY. BUY AROUND 43.20 TO 43.50 WITH SL OF 41.10 FOR A TARGET OF 48.50 , 49. ULTIMATE TARGET : 65+OMAXE LTD..........BSE CODE : 532880 (305.50) BUY AROUND 303 TO 304 WITH SL OF 289 FOR A TARGET OF 315 , 323. BRIGHT BROTHERS........BSE CODE : 526731 (94.50) BUY AROUND 95 TO 96 STOP LOSS 89, TARGET 125+ VOLTAS : TARGET 250+NIFTY FUTURES (F & O):PROFIT BOOKING UP TO 5405 LEVEL IS LIKELY.LIKELY TO REBOUND AT AROUND 5333-5335 ZONE ON DOWN SIDE. HURDLES AT 5465 LEVEL (OR) AT 5471-5473 ZONE.IF CROSSES & SUSTAINS AT ABOVE 5541-5543 ZONE THEN IT WILL ZOOM. ANYTHING BELOW 5264-5266 ZONE CAN CREATE SOME PANIC UP TO 5194-5196 ZONE BY NON-STOP. SHORT-TERM INVESTORS:REVERSAL (POSITIVE) IS SEEN. AVOID SHORT SELLING AT LOWER LEVELS.SHORT-TERM UPWARD TARGET AT 5610-5612 ZONE. SHORT-TERM SUPPORT AT 5125-5127 ZONE. EIH (500840) :BUY IT WITH STOP LOSS OF 176 ON CLOSING BASIS WITH TARGET OF 189, 200 . . . . ABAN OFFSHORE FUT : BUY WITH STOP LOSS OF 3762 . . . . . TARGET OF 3888, 4000 . . . BPCL FUT : BUY WITH STOP LOSS OF 412 WITH TARGET OF 435, 456. . . PARSVNATH FUT :BUY WITH TARGET OF 302, 315. . . . . . .KEEP STOP LOSS OF 284 . . . . UNION BANK FUT : BUY WITH STOP LOSS OF 204 WITH TARGET OF 214, 219 . . . KEEP AN EYE ON: SURYACHAKRA POWER GTL INFRAPENNY STOCKS ON MOVE YESTERDAY: BUT PLS AVOID THEM FOR THE TIME BEING..... YESTERDAY WE SUGGEST MARKET WOULD TEST 5400 WHEN NIFTY WAS AT 5475. ALSO BASED ON CHART WE SUGGEST STRATEGY TO BUY 5500 CALL AND SELL 5550 CALL. BOTH OUR VIEWS WENT RIGHT AND PRODUCE GOOD RETURNSIN DAILY CHART WE FIND RESISTANCE AT 5615 WITH SUPPORT AT 5395,5225 .CURRENT NIFTY IS AT 5463.