Stock Tip 28/11/2013 11:45am

Market would be range bound with 6000 on downside and 6200 on
upside. It is better to trade in stocks instead of index.

Sell ACC @1330 - 1340
SL - 1350
Target - 1320, 1300, 1285
Duration - 1 to 3 days

Our targets of Nifty, Havells, Mcleod Russel all hit

You can see our Intraday target of 6080 achieving on Nifty.
Even Havells hit its 1st target of 460.
Our Sell call of Mcleod Russel for 330 (actual 331) also was
achieved.

You can see the accuracy of levels for Tata Steel, our stop loss
was 398 and the days low is 398.55. So it showed that the stock
has completed its correction and ready for new rally.

Reliance will take little more time for consolidating and once it
hits 940 and starts moving above it, you can see fresh rally.

Market has reversed, Buy Nifty

Market has taken support and reversed, you can
BUY Nifty @ 6035-6040
SL - 6020
Target - 6080, 6100
Duration - 1 to 2 days

Market view 25/1/2013 10:50am

Market is in corrective mode. Do not take any fresh long positions.
Any positions you are already holding, follow strict stop losses
and wait for the dip to buy at lower levels.

You can short Nifty @ 6030-6040
Stop loss - 6060
Target - 6000, 5980, 5950
Duration - 1 to 3 days

You can see Mcleod Russel melting.

Sell Karnataka Bank @ 154-155
Stop - 158
Target - 150, 140, 120

Mcleod Russel & Tata Steel 1st target achieved

Our both calls of Mcleod Russel sell call and
Tata Steel Buy call have hit their first target.

Market is showing weakness and may now test
6000, 5980. If this level breaks, you can see
market correcting upto 5940.

But for today, i do not see market breaking so much
until 5980-6000 holds.

You may see a bounce from any of these levels.

Market View and recommendations 24/1/2013

Market has been range bound and this range bound situation may continue
and you may see some stock specific actions. 6020 has shown that it is
acting as strong support as of now. Downside risk as informed earlier
is limited and market is in bullish mode. But the resistance at 6100-6130
is equally strong.

US markets have been showing some great strength and have started making
new highs. US market rally may become the next trigger since there are not
much triggers left from local perspective.

For tomorrow,
Sell Mcleod Russels @ 340-350
SL - 360
Target - 330, 320, 310.
Duration - 1 month

Buy Tata Steel @ 400 - 405
SL - 398
Target - 410, 420, 440, 460
Duration - 1 month

Bajaj Auto short call target achieved

Today you can see that our target for Bajaj Auto of 2010 has achieved.
HUL has been struggling to move up ans selling pressure is still high.
You can short again around 470-480
SL - 495
Target - 460, 440, 420

You need to exit at any of these levels and wait for next move.
Don't keep waiting for last target and get stuck.

RIL is quite resilient, so you can continue holding long.

Havells can be bought @ 640-650
SL - 630
Target - 660, 680, 700, 720
Duration - 1 month