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 !