Indian Hotel

Buy @ CMP, stop 144, target 150. Above 150, headed for 152-158.

Mcdowell

Buy above 1270, stop 1235, target 1350.

Tata Steel

Buy above 643, stop 638, target 649-657.

ONGC

Break of 926 and sustaining above it should take ONGC to 940. Once 940 is breached, further upsides will open towards 949-967-976 levels. Buy above 926 with stops 918 and once 940 is breached, raise stops to 930 and sit back and enjoy !

Chennai Petro

Buy above 267, stop 263 intraday, target 275-283.

TCS

Buy above 1246, stop 1240 intraday, target 1257-1270.

Ranbaxy

Buy @ CMP, stop 387 intraday, target 397-404.

Ultratech update

Ultratech moved in similar fashion like Rolta and hence, the earlier call standed amended as follows :

Buy above 833, stop 827 intraday, target 856-882 or sell the break of 803, stop 811 intraday, target 780-753.

Rolta update

This scrip made an interesting move today ... in view of the same, the earlier call stands amended as follows :

Buy above 456, stop 453 intraday, target 464-471 or sell the break of 423, stop 432 intraday, target 405-383.

Calls Update

Tata Telecom target given 362, high achieved 370 !
Jindal Strips target given 484, high achieved 474.70; call in progress.
Bajaj Elect target given 639, high achieved 625; call in progress.
Triveni target given 57, high achieved 59.45 !

Nifty

Well, well, well ... we finally managed to break the resistance range of 4285-4295 today. Even though we closed a shade below it in the end, the last hour's action did indicate that the resistance is as good as broken. As mentioned on 2nd May, Nifty is headed for 4375 level (few believed we would reach there when I gave that call, but thats another story! ) ... so, now that we are within striking distance of that level, here's a specific call on Nifty ... if Nifty breaks 4320 and sustains above it, we are headed for 4350-4375-4393. Buy NF in that event with stops at 4285 spot .. and the break of 4285 spot has to sustain, a blip wont invalidate the call. Higher levels for Nifty would be given once 4393 is achieved. Enjoy !

Banking Sector

Majority of bank scrips giving buy signals on the charts ... something in the offing that we dont know as yet ? Bank Nifty would be the best bet, in case we see an upmove in banking scrips. Remember the earlier bank nifty call ? ;)

Corp Bank

Buy above 350, stop 345 intraday, target 360-371 or sell the break of 327, stop 332 intraday, target 317-305

HDFC

Buy @ CMP or declines, stop 1818 intraday, target 1910-1930

Ultratech Cement

Sell below 791, stop 805 intraday, target 768-760-743

Moser Baer

Buy above 451, stop 448 intraday, target 457-464 or sell the break of 442, stop 445 intraday, target 436-430

TTML

Buy above 29, stop 28.50 intraday, target 30-31.25 or sel the break of 27.65, stop 28 intraday, target 26.50-25.25

Rolta

Sell Rolta below 424, stops 432 intraday, target 405-383

Suzlon

Gone with the wind (power) ! Absolute flyer on friday by Suzlon ... buy @ CMP or on declines with stops 1228 on weekly closing basis, target 1565. Higher targets will be given once T1 achieved. Enjoy !

Patni

This one, though news driven, has given an interesting buy signal on weekly charts. Buy @ CMP or on declines, stop 500 on weekly closing basis, target 640-765.

Unichem labs

Buy on close above 278, stop 272, target 292-309.

Tata Telecom

Buy on close above 317, stop 303.50, target 362

RK Forging

Buy with stops 151 EOD, target 211

Ramsarup Inds

Buy with stops 149.50, target 169-185.

Pudumjee Agro

Buy with stops 29.50 EOD, target 45

Petron Engg

Buy on close above 158, stop 153 EOD, target 168-178.

Patel Roadways

Buy with stops 60 EOD, target 72-81

Mahalaxmi Rubtech

Buy on close above 76, stop 71.50 EOD, target 93

Jyoti Structures

This scrip has made an interesting retrace to its support of 181.50 ... as long as that holds, it can rise to 205-235. Buy with EOD stops of 181.50

JMA Inds

Buy on close above 83.25, stop 79 EOD, target 92-102.

Jindal Strips

Buy @ CMP or declines with stops 377 EOD, target 484.

Jaihind Project

Buy with EOD stops 50, target 72.

IDBI

Buy on close above 112.50, stop 103.50, target 139.

HLL

Buy Hind Lever on close above 216.50, stop 209 EOD, target 242.

Harita Seat

Buy on close above 212, stop 201, target 239.

Forbes Gokak

Buy on close above 445, stop 435 EOD, target 473-505.

Dabur

Buy on close above 99.50, stop 96.25 EOD, target 109.

Reliance Energy

Buy on close above 577, stop 549 EOD, target 636-662.

AstraMicro

Good support @ 130.50, an interesting retrace made to the same on friday. Can rise to 143-147. Buy with stops 130.50

Weekly Update

Allcargo target given 921, low achieved 927.
Avery India high achieved 81.70.
Bayer T1 achieved, high 302 !
Centurion Bank T1 achieved, high 47.
Dena bank high achieved 48.25, T1 given 52; call in progress.
Goldstone high achieved 85, target given 86.
Imp Power high achieved 124.90, T1 133; call in progress.
JK corp T1 achieved, high 130 !
Kamat Hotel high 181.55, target given 185; call closed.
UB Ltd targets achieved, high 660 !

Positional calls - Part II

Buy Goldstone Engg, stop 77 EOD, target 86-93.
Buy Haryana Sheet Glass above 32.50, stop 30.50, target 37+
Buy Hind Rectifiers @ CMP or declines, stop 799 EOD, target 853-900.
Buy Imp Power, stop 112 EOD, target 133-144.
Buy Jaihind Project @ CMP or declines, stop 50 EOD, target 72-90
Buy JK Corp, stop 114 EOD, target 126-135.
Buy Kamat Hotel on close above 170, stop 164 EOD, target 185-201.
Buy Megasoft above 140, stop 134 EOD, target 152-165.
Onward Tech could make an upmove as long as it holds above 48.50, target 57.
Buy Plethico above 361, stop 352, target 384-411.
Buy UB Ltd @ CMp or declines, stop 408, target 500-580

Positional Calls

Buy Agee Gold on close of 28.50, stop 26.50 EOD, target 32-36.
Sell Allcargo on close below 983, stop 1000 EOD, target 921.
Buy Bajaj Elect, stop 493 EOD, target 639-650.
Buy Bayer on close of 262, stop 252 EOD, target 292-325.
Buy Bluebird on close of 80.50, stop 77 EOD, target 87-95.
Buy Centurion bank, stop 38 EOD, target 46-51.
Sell Cipla, stop 226 EOD, target 178.
Buy Dena bank on declines, stop 41 EOD, target 52-61.
Buy Dhunseri Tea above 76.50, stop 68, target 106.
Buy Dintex Dye on close of 41, stop 39.50 EOD, target 44-47.
Buy Fulford on close of 591, stop 578 EOD, target 634. Above 642, target 680+
Buy Galaxy Indofab on close of 117, stop 110 EOD, target 140.

Weekly Update

Bilcare target given 825, achieved a high of 874 !
ABL reached a high of 98.80; above 100, next part of the upmove.
Albert David target achieved, high 106.
Avery India target of 78 achieved with high of 81.70; headed for 88+ now.
Tata Yodogawa high of 173.40, call still in progress.
Thirumalai high achieved 152.50, short of target given of 158.
Matrix target achieved with a bang !
Moser baer both targets achieved; still rocking !
Sobha call not triggered due to gap up opening.
IPCL targets achieved.
Bank Nifty target achieved with a bang; still rocking !
Triveni call still in progress.
Sesa achieved T1 with a high of 1735.
Zee both targets achieved.

Zee

Buy Zee on declines, stop 286 intraday, target 297-302.

Sesa Goa

Buy with intraday stop of 1700, target 1727-1750.

Triveni Engg

Buy @ CMP or declines, stops 51.25, target 57-62.

Moser Baer

Buy this scrip @ CMP or declines, stops 385, target 414-437.

Matrix labs

Buy @ CMP or declines with stops 197 intraday, target 209-217.

Bank scrips

Seems like the sector is on the move ... so it would be a good idea to buy Bank Nifty @ CMP, with stops 5660 intraday, target 5815-5945.

IPCL

Buy with stops 314 intraday, target 322-326.

Sobha Developers

Sell with stops 868 intraday for a target of 845-827.

Everest Kanto

Another new addition to F&O .... buy with stops 1089 intraday, target 1106-1119.

BRFL

Sell @ CMP or on rises with stops 181 intraday, target 166-154. Its a new addition to F&O so would be an interesting play on monday !

Positional Calls

ABL Biotech has made an interesting retrace to 92 levels . As long as the same holds, it could see an upmove to 107-110 levels.
Albert David above 90 could make a move towards 98-105 levels.
Buy Arrow Coated on close above 44.75, stop 41.50 EOD, target of 55.
Buy Avery India on close above 64, stop 60 EOD, target 78.
Buy Bliss Chem, stops 58.50 EOD, target 71-81.
Buy Elder Pharma on close above 422, stop 409 EOD, target 449-471.
Buy Electrotherm on close above 497, stop 484 EOD, target 535-579.
Buy Tata Yodogawa on close above 158, stop 147 EOD, target 199.
Buy Thirumalai Chem, stop 145 EOD, target 158-169.

Enjoy !

Updates

Bajaj Auto target of 2700+ achieved !
Bilcare high of 818, just short of target of 825 ;)
GE shipping hit a high of 267 !
CMC hit a low of 1086
Britannia achieved a high of 1620 !
CS Soft achieved a high of 69.90, against target given of 71
Indo Matsushita achieved high of 121 ... call still in progress !
Gail achieved a high of 319, before bad results made it tank !
TCS disappoints ... keep it on your radar though as it would be making a move in the near term.
ONGC achieved a high of 990 before reversing ... still holding above the EOD stops given.

Hope everyone made good money !

Bajaj Auto

As long as it sustains above 2530, one can buy for a possible upmove to 2700. Enjoy !

Gail

Buy once it closes above 302, stops 292 EOD, target 350+ enjoy !

TCS

Buy @ CMP and on declines with stops at 1258 EOD, for a target of 1370-1405 ... :)

Nifty changes gear

Well .. well .. well ... monday's analysis worked out perfectly and we did almost exactly as suggested ! must have been my lucky day when I wrote it ! ;) Gapping up at open, we sustained the same throughout the day, with a minor blip intraday, closing above that resistance level of 4145 in the end. In the process, NF went into premium at close, at one point almost 14 points premium intraday ! Shorts rushing to cover, no ? The trend, from here, is definitely up and we should be testing the previous top of 4245 with resistance at 4165-4195 in-between. Now, will we break the previous high and, if so, then where are we headed thereafter ? The past three trading sessions seem to indicate that we are going to cross the previous high this time and once thats taken care of, we are headed for 4375 on the Nifty (14900 on sensex) for now. Enjoy !

Irresponsible Media -- Afterthought

As an afterthought, if my reading of the Country Terrorism Report is correct, then can the US Dept of Sate sue Aaj Tak, TOI and other media agencies for mis-reporting the facts ? lol

Irresponsible Media

If you have been watching the news channel 'Aak Tak' today, you would be getting worried about the 'breaking news' that they have been running about terrorist outfit JeM investing in real estate, shipping and hotel industry, stock exchange, etc etc in India. The source of this news is the Country Terrorism Report by the US Dept. of State, wherein it is said to have stated the same.

Most people would take the news headlines at face value and get jittery how the stock markets would react to the same on thursday. But wait ... are you sure the news is authentic ?? What ? doubt the credibility of a news channel like 'Aaj Tak' ? Am I nuts ? Well, I got news for you ! Having gone through the aforesaid Report myself, I found no reference where the US Dept of State has said that the terrorist money is being invested in Indian markets. Here is exactly what the Report says about JeM ...



"External Aid

Most of JEM’s cadre and material resources have been drawn from the Pakistani militant groups Harakat ul-Jihad-i-Islami (HUJI) and the Harakat ul-Mujahedin (HUM). In anticipation of asset seizures by the Pakistani government, JEM withdrew funds from bank accounts and invested in legal businesses, such as commodity trading, real estate, and production of consumer goods. In addition, JEM collects funds through donation requests in magazines and pamphlets, and al-Qaida is suspected of providing funding."



Can you read India being mentioned anywhere ? No ? hmm ... maybe you should read again ! I mean, Aaj Tak is saying so, then how could it not be there ? Oh, I see ... the commodity trading, real estate etc. only exists in India and nowhere else in the world and hence, by inference, they are investing the illegal funds in India !



Irresponsible journalism, thats what it is. For the sake of TRPs, the channels would do anything, it seems. More shockingly, TOI as well has a news item posted on its site with a similar headline. To say that I am disappointed would be an understatement. So, whats the lesson that we should learn from this ? No matter whats the source of information, verify it for yourself ! You have the means to find the accuracy or otherwise of almost everything that you hear or read, with the internet giving you access to almost unlimited source of information. So exercise your Right to Information ... and not just any information, correct and authentic information at that. And go ahead ... send your response on the same to TOI and Aaj Tak after you verify the facts for yourself !