JAI SHRI KRISHNA US MKT SLIDED A LOT. THE SUPPORT LEVEL FOR DOW JONES WAS BROKEN. DOW -238, NASDAQ -59 CAUTIONED: EVERYONE ON MONDAY ITSELF TO BOOK PROFITS @ 20850 AND EXIT. SEE WHAT HAPPENNED TO STOCKS..
VOLATILE SESSION AS ASIAN TOO DOWN.... STOCK SPECEFIC MOVEMENT TO CONTINUE.
DOWN TREND LIMITED TO 6040 LEVELS EXPECTED. MARKET OUTLOOK:- MARKET IS BULLISH HOWEVER, PROFIT BOOKING WILL START ANY MOMENT, SO BE VERY LIGHT IN LONGS NOW. CORRECTION IN THE OFFING.
IN CORRECTION ONE CAN LOOK FOR BUYING AGAIN.RESISTANCE AT 6350 AND SUPPORT 6240. SHORT TERM TRADING VIEW:- RCOM:- BUY FOR TARGET OF 950. ICICI BANK:- BUY FOR TARGET OF 1550-1600 NIFTY FUTURES (F & O):EXPECT SELLING UP TO 6246-6248 ZONE, AND THEREAFTER FALL MAY CONTINUE UP TO 6234 LEVEL.
TECHNICALLY IT SHOULD RECOVER AT AROUND 6188-6190 ZONE ON DOWN SIDE. IF NOT, THEN HAVE CAUTION.
HURDLES AT 6283 & 6312 LEVELS.
ABOVE 6357-6359 ZONE, EXPECT A JUMP UP TO 6386-6388 ZONE.
SHORT-TERM INVESTORS:SHORT-TERM UPWARD TARGET AT 6401 LEVEL (OR) AT 6430-6432 ZONE. SHORT-TERM SUPPORT AT 6143-6145 ZONE. SHOULD NOT BE ALLOWED TO BREAK AT ANY COST.
AVANTEL SOFT (532406) : BUY IT WITH STOP LOSS OF 105 ON CLOSING BASIS WITH TARGET OF 117, 124 . . . .
IN HOUSE PRODUCTION (526610) : BUY WITH STRICT STOPLOSS OF 57. . . ON CLOSING BASIS. . . WITH TARGET OF 69, 72. . . .
SBI FUT :BUY WITH STOP LOSS OF 2442 . . . . . TARGET OF 2512, 2555.....2650. . . .
M&M FUT : LOOKING STRONG . . . . BUY WITH STOP LOSS OF 827 WITH TARGET OF 852, 865. . .
GLAXO FUT :BUY WITH TARGET OF 1111, 1150. . . . . . .KEEP STOP LOSS OF 1066. . . .
MPHASIS FUT : BUY WITH STOP LOSS OF 297 WITH TARGET OF 306, 312 . . JAI CORP.......BSE CODE : 512237 (1378.60)
BUY AROUND 1371 TO 1372 WITH SL OF 1303 FOR A TARGET OF 1470 , 1495.
ULTIMATE TARGET : 1800+
ALFRED HERBERT.......BSE CODE : 505216 (526.65)
BUY AROUND 530 TO 531 WITH SL OF 490 FOR A TARGET OF 8 TO 10% GAIN IN TODAY'S TRADE.
POLARIS LAB..........BSE CODE : 532254 (130.20)
BUY AROUND 130 TO 130.50 WITH SL OF 121 FOR A TARGET OF 141 , 144.
ADANI ENTERPRISES : NEW TARGET 1500+
BUY POLARIS SOFTWARE TRGT 136-145 SL 125 IN VERY SHORT TERM
GODREJ IND. : FRESH TARGET 600+.BUY SATYAMCOMP SL 423 TRGT 430-32 PREMARKET INTRADAY
VOLATILE SESSION AS ASIAN TOO DOWN.... STOCK SPECEFIC MOVEMENT TO CONTINUE.
DOWN TREND LIMITED TO 6040 LEVELS EXPECTED. MARKET OUTLOOK:- MARKET IS BULLISH HOWEVER, PROFIT BOOKING WILL START ANY MOMENT, SO BE VERY LIGHT IN LONGS NOW. CORRECTION IN THE OFFING.
IN CORRECTION ONE CAN LOOK FOR BUYING AGAIN.RESISTANCE AT 6350 AND SUPPORT 6240. SHORT TERM TRADING VIEW:- RCOM:- BUY FOR TARGET OF 950. ICICI BANK:- BUY FOR TARGET OF 1550-1600 NIFTY FUTURES (F & O):EXPECT SELLING UP TO 6246-6248 ZONE, AND THEREAFTER FALL MAY CONTINUE UP TO 6234 LEVEL.
TECHNICALLY IT SHOULD RECOVER AT AROUND 6188-6190 ZONE ON DOWN SIDE. IF NOT, THEN HAVE CAUTION.
HURDLES AT 6283 & 6312 LEVELS.
ABOVE 6357-6359 ZONE, EXPECT A JUMP UP TO 6386-6388 ZONE.
SHORT-TERM INVESTORS:SHORT-TERM UPWARD TARGET AT 6401 LEVEL (OR) AT 6430-6432 ZONE. SHORT-TERM SUPPORT AT 6143-6145 ZONE. SHOULD NOT BE ALLOWED TO BREAK AT ANY COST.
AVANTEL SOFT (532406) : BUY IT WITH STOP LOSS OF 105 ON CLOSING BASIS WITH TARGET OF 117, 124 . . . .
IN HOUSE PRODUCTION (526610) : BUY WITH STRICT STOPLOSS OF 57. . . ON CLOSING BASIS. . . WITH TARGET OF 69, 72. . . .
SBI FUT :BUY WITH STOP LOSS OF 2442 . . . . . TARGET OF 2512, 2555.....2650. . . .
M&M FUT : LOOKING STRONG . . . . BUY WITH STOP LOSS OF 827 WITH TARGET OF 852, 865. . .
GLAXO FUT :BUY WITH TARGET OF 1111, 1150. . . . . . .KEEP STOP LOSS OF 1066. . . .
MPHASIS FUT : BUY WITH STOP LOSS OF 297 WITH TARGET OF 306, 312 . . JAI CORP.......BSE CODE : 512237 (1378.60)
BUY AROUND 1371 TO 1372 WITH SL OF 1303 FOR A TARGET OF 1470 , 1495.
ULTIMATE TARGET : 1800+
ALFRED HERBERT.......BSE CODE : 505216 (526.65)
BUY AROUND 530 TO 531 WITH SL OF 490 FOR A TARGET OF 8 TO 10% GAIN IN TODAY'S TRADE.
POLARIS LAB..........BSE CODE : 532254 (130.20)
BUY AROUND 130 TO 130.50 WITH SL OF 121 FOR A TARGET OF 141 , 144.
ADANI ENTERPRISES : NEW TARGET 1500+
BUY POLARIS SOFTWARE TRGT 136-145 SL 125 IN VERY SHORT TERM
GODREJ IND. : FRESH TARGET 600+.BUY SATYAMCOMP SL 423 TRGT 430-32 PREMARKET INTRADAY