Wel come to Atharv Financial Services.....

Date : 09th October,2010. v  What was Last week:   ·         Markets were quite cheerful at the onset but gradually lost sheen by the end of the week. Sensex and Nifty closed 0.95 percent and 0.65 percent down respectively on weekly basis. Once again volatility ruled the day's trade. ·         Global cues remained subdued and the same drift was seen at domestic level as well. The benchmarks recovered from the intra‐day lows in last leg of trade. Sectoral indices concluded in a mixed fashion. Healthcare stocks were in limelight while Metal counter was gloomy. Traded volumes were on similar track. Market Breadth skewed towards the bearish activity during the day. Nifty futures traded 41 points premium to spot. ·         As suggested last week for advisable 30-40% works nicely. Keep holding……….30-40% liquidity……..   v  Weekly level o   BSE SENSEX (20250) Keep stop loss of 20178 and enjoy rally till 20500-20687-20827. It is important to sensex to cross above 20267 for rally. o   NSE NIFTY (5103) Keep sl as 6055 and enjoy rally till 6175-6205-6250. It is important to nifty to sustain above 6080.   v  Stock to watch for next Week : o   ACC (1018) Keep sl as 1005 upper  target will be  1018 -1025 1043 1065 o   BANKBARODA(942) Keep 925 target will be  942-955 -968- 984 o   BANK INDIA (558) Keep sl as 542 enjoy rally till 568-588-602 . o   DLF (383) Re-enter above 384 ,Keep sl as 372 sure target will be  395-404. o   HINDALCO (215) Keep sl as 210 target will be 222 229 Next target 222 o   HDIL (278) Keep sl as 265 sure target will be 284 293. Wait till sustain above 279. o   JINDAL STEEL (725) Keep sl as 713 short covering will lead stock to  735-745. o   LT(2042) Keep  2015 as sl & upper target will be 2075-2097. o   LICHOUSINGFIN (1413) Keep sl as 1380 tgt will be 1459 1485. o   TATASTEEL (627) Keep sl as 611. Wait till sustain above 629 & enjoy rally till 642-654. It is advisable to keep 30%-40% cash level………& investment up the level of 60-70%....................