Friday, October 1, 2010

 

v  What was Last week:

o   Indian equity benchmarks rallied for fifth consecutive week on back of consistent inflow of funds from foreign institutional investors (FIIs). The Nifty added 734.7 points (13.58%) and the Sensex 2446.63 points (13.59%) during the same period.

o   Nifty has Support @ 6075-5980. Resistance place at 6260 and 6357 & nifty will touch resistance in next 1-2 week.

 

v  Weekly level

o   BSE SENSEX (20445) Keep stop loss of 20178 and enjoy rally till 20687-20827

o   NSE NIFTY (6143) Keep sl as 6080 and enjoy rally till 6205-6250

 

v  Stock to watch for next Week :

o   ABANOFFSHORES(853) Above 858  will touch 872-892 & keep sl as 835.

o   APIL (527) Above 834 it will rally till 842-858, keep sl 819.

o   BANKBARODA(887) Keep sl as 872 & will touch 906-925.

o   DLF(388) Minimum target 395 above it will sure touch 404-414, keep 377 as stop loss.

o   HINDALCO (204) keep sl as 201  target will be 210-216.

o   HDIL (270) Keep SL 262 Minimum target will be  278-284.

o   SBI (3261) has good support around 3230 sure shot target will be  3295-3357.

o   TATASTEEL(668) keep sl as  654 target will be  677-685-694.

 

It is advisable to keep 30%-40% cash level………& investment up the level of 60-70%....................


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