Stock Pick 4/12/2012 10am

As we have mentioned, market is giving a lot of opportunity to make money
on long side only.

As i mentioned M&M, HDFC Bank and Tata Steel are consolidating.
JP associates has hit most of our targets, now enter only after it breaks 102 decisively,
you can see again some sideways momentum there.

Tata Chemicals and Exide industries are seeing a lot of upward momentum.
Tata Chemicals has nearly touched 350 today in the morning and volumes are
quite encouraging.

BUY JSW Enegergy @ 65.8 to 66 (December Futures)

SL - 64 (closing basis)

Target - 68, 70, 74, 76, 80

Duration - 1 week

Market View 4/12/2012

Market is in consolidation mode. The overall market breadth,
market is giving a buying opportunity. The market may be
range bound and stock specific action can be seen in many
counters.

You could have seen our stock picks and they have been
super hit. All dips are giving buying opportunity until market
breaks 5750 (spot level). Do not short and get caught.

Support - 5830 - 5850
Resistance - 5920 - 5950

Market Update 3/12/2012 3pm

Market has gone to consolidation mode and become stock specific again.

As we have explained you earlier, all the downfall upto 5750, you should
only use it for buying. Do not be short in this market.

M&M volumes have not picked up, so there could be still consolidation.
Short term traders can book profits and wait for a dip.

Exide and Tata chemicals have seem breakout with higher volumes and hence
we can hold these stocks for higher targets.

Tata Steel is having upward momentum and consolidating, you can trade
with positive bias.

HDFC Bank is also consolidating, though long term stock has upward momentum,
it may not give very big moves and hence all short term traders can exit from their
long positions around 700-705.

Tata Chemicals Update 3/12/2012 12:10pm

Tata Chemicals nearing the 3rd target. Net profit of
Rs.12,000/- from the level we have recommended.

Enjoy :)

Exide & Tata Chemicals Upodate 3/12/2012 11:56am

Tata Chemicals nearby to its 2nd target. Net profit of Rs.8,000/-

Exide Industries nearby to its 2nd target. Net Profit of Rs.6,000/-

Tata Steel and M&M are equally roaring. Keep in touch and make
HUGEEEEE MONEY with us. :)

Exide Update 3/12/2012 11am

Exide Industries 1st Target Achieved.

Rs.2,000/- profit :)

Tata Chemicals has taken support and started its momentum, now the momentum looks quite strong.

Tata Steel has been giving very strong momentum as i had told you after 380, it will move higher faster. It can easily touch 403. Between 400 - 420, it may consolidate and after that you can see move upto 470 easily.

M&M has been trading near 960, this stock was recommended at 916 levels. Now from here again you can see targets of 980, 1000.

HDFC Bank is consolidating and it can be range bound for some time between 680 - 700. If anyone has not booked profits, you can do that around 700. Long term investors can still hold.

Market View 3/12/2012 8:45am

If you look at friday market, it continued the upward momentum and our Tata Steel, Tata Chemicals, HDFC Bank, M&M all have hit their targets.

Today's Support - 5830 - 5850
Resistance - 5920 - 5950

All dips will give opportunity to BUY. Do not Short in this market, momentum is quite strong.

Today if M&M breaks 960 level on spot, you can see again good momentum.

Todays Stock Pick, BUY Exide @ 140 - 142
Stop Loss - 136 (closing basis)
Target - 144, 146, 150, 160, 180

Duration - 1 to 3 months

Happy Trading :)