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Functional Area : India
Keywords :

equity market

Activity:  2 comments  164 views  last activity : 07 06 2010 20:18:04 +0000
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Buy ACC @563 with a stop loss below 555

DERIVATIVE PICKS

MEDIUM RISK / MEDIUM RETURN

HOLDING PERIOD – ONE to THREE WEEKS

STERLITE APRIL FUTURES: The underlying security has given a positive breakout from almost 5 months long pattern. Momentum indicators are also supporting the breakout. Buy at current levels for minimum target of around 410. Stock could head for even higher levels of around 445. Keep a stop below 320.

UNITED SPIRITS FUT: Stock could be bought at current levels, as the consolidation seems to be over. Minor resistance is seen around 712-715 beyond which stock could see real momentum. Buy at current levels and add more if it sustains above 715. Stock is likely to head towards 760 and 810. Keep a stop below 650.

Nifty:  The nifty looked up further. here is a resistance between 3000-3015. TThe index might correct from here. Specific stocks might do well. (2984.35)
 
CNX100:  The index looked up further. There is resistance between 2800-2815. The index is likely to correct. Specific stocks will do well. (2791.05)
 
Nifty Junior:  The index gained ground further. Faces resistance between 4200-4230. Might correct further. Specific stocks will do well. These stocks be eyed on. (4189.90)
 
CNXIT:  The index gained marginal ground. The correction might intensify. Wait suggested for the moment. (2300.35)
 
Bank index:  The index looked up further as expected. Likely to seek higher level. Wait suggested for the moment. (4126.45)
 
Zee Tele:  The stock remained stable. Stay on the + side of the counter. (104.15)

 

Wipro:  The stock lost ground marginally. Use decline to add to the + position. (242.55)
 
Tata Steel:  The stock looked up again as expected. + position be held on to/added. (194.75)
 
Tata Motors:  The stock lost marginal ground on huge volume. Wait suggested however for the moment. (160.35)
 
TCS:  The stock gained marginal ground. + position be held on to/added. (526/-)
 
SAIL:  The stock looked up again. Wait suggested for the moment. (94.25)
 
SBI:  The stock looked up further as expected. Use decline to add to the + position. (1049.95)
 
Reliance Ind:  The stock gained strong ground further as expected. Stay on the + side of the counter. (1532.20)

 
2 comments on "Market Updates 26th March"
  Commented by  Ramdas Pawar, Sales/BD Manager, Oracle    | 05 11 2009 07:56:27 +0000
Mr.Pawar why have you stopped posting market updates....It was worth going through them....it would be great if you could again start postings on the stock market and also provide us with your valuable tips.
  Commented by  Jyoti Rath, Sr. Associate, Barclays    | 03 26 2009 04:49:59 +0000
Hi Rahul...
What is your take on the stock market? How an investor should act now???
It would be great if you throw light on this.....
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Buy ACC @563 with a stop loss below 555 DERIVATIVE PICKS MEDIUM RISK / MEDIUM RETURN HOLDING PERIOD – ONE to THREE WEEKS STERLITE APRIL FUTURES: The underlying security has given a positive breakout from almost 5 months long pattern. Momentum...
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