Havells India at Rs. 610++ in todays trade .

Havells, recommended to buy @ Rs.545.00 on 12.3.10, has touched a high of 611 in todays morning trade. Profit booking is badvisable, though the stock still looks bullish.

Cairn India moving nearer to our Target.

Cairn India is on a bullish chart today and is trading at Rs.302.00 now. Please recall our recommendation of this share about 5 days back. It is on firm footing to achieve our Target of Rs.310.00. Partial profit can be booked at current levels.

Yes, Nifty is at a 52 Week High Now !

And Nifty has done it today itself! It had just crossed the 5310 mark to chart a new 52 week high on sustained inflows of Foreign Funds. The rupee is also trading very strong around Rs 45.05 to a $, indicating heavy dollar inflows. Nifty may target 5140 now, albeit with corrections. Happy trading!!! Auto , Realty and Banking shares in Focus....

Nifty almost at 52 Week High !

As we have hinted yesterday with the previous post, Nifty at 5305 came very close to the 52 week high of 5310 in the morning trade. Amid highly volatile trade Nifty is expected to breach that level any time, probably in today's session itself. Please trade with utmost caution, but with a positive bias. If Nifty shows strength today, it has the potential to rise to 5400 levels. Trade in the direction of the market.

Nifty readying for a 52 week high !

Nifty has consolidated around 5250 levels and is ready to make a new 52 week High, surpassing the current 5310. Many of the front line stocks to participate. Watch out the next week, it will be crucial !

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Cairn India touches Rs.302 today, Take the profits1

Cairn India had touched Rs.302.00 in todays trade, and is very much in profit as per our call given two days back. Happy Trading.

Buy Cairn India for a Target of Rs.310.00

Cairn India is in a strong bullish move, and had closed at Rs.292.00 after volatile movements. It has a target of Rs.310.00 very shortly. Buy at CMP with a stoploss of Rs.282.00

Nifty consolidates around 5225 before the next big leap to 5300+

Today was a consolidation day for Nifty to end up with a 20 points gain. Thursday being F& O Expiry, may see a highly volatile session. Nifty is expected to breach 52 week high of 5310 very shortly, provided global factors remain stable. Trade in the direction of market.

Havells India achieves our Target of Rs.600+ in record time !

Havells India had touched a high of Rs.602.00 in today afternoon trade, and this was as per our target call given on 18.3.10 at the rate of Rs.560.00. Hope this was a highly profitable call or you.

Be long in the Market, Unless Nfty breaches 5180 at lower level.

As predicted, there was a knee jerk reaction to RBI's credit policy, and Nifty had lost some points. However, the undertone appears to be bullish. Be long in the Market, unless it breaches the support of 5180.
A close below 5180 will be weak for the market and further downside can be expected till 5050.

RBI Rate hike may induce market to open down.

The sudden announcement of RBI hiking key rates may spur a knee jerk reaction, and the market is likely to react negatively.The F & O Expiry on 25.3.10 will also add to the pressure coupled with the holiday on 24.3.10.

However, the reaction will be short lived and the indices are expected to gain momentum afterwards, as the RBI's hike will have more of a psycholgical impact than real.

Decent returns from yesterday's call in the morning itself.

Reliance Infra had touched Rs.1028, Reliance Media Rs.232.7 and Havells Rs.569 in the morning trade. Take profits while trading in the direction of market.

Fresh Buy Recommendations on 18.3.2010

Buy Reliance Infra[ Rs.1015.00], Reliance Media[Rs.225.00] & Havells India [Rs.560.00]for very short term.

Engineers India - Sky Rockets!

Please recall our buy call on Engineers India barely one and a half month back. It has almost doubled to the current rate of Rs.2400+. Happy Investing.

Reliance Infra already on Target of Rs.1020

In todays trade, Reliance Infra had come very close to our target of Rs.1020.The buy recommendation was posted on 16.03.2010 @ Rs.990.00
Now the shares have turned bullish and can be held for a Target of Rs.1050.00 very shortly. However, keep a strict stop loss of Rs.990.00 to save from any unforeseen crash.

Havells charting high- Already at 575+

Havells India had already scaled to Rs.575.00 today from the levels of Rs.545.00 recommended on 12.03.2010 by us. Hope the call has helped our readers.Havells is still looking very bullish, but booking part profits will be always prudent. Happy investing.

Nifty on Target 5200+

Nifty had surpassed the target level of 5200. It has encountered some profit taking at higher levels, but still closed with gains. Tomorrow it will make an attempt on 5280, which is a very strong resistance. Market is likely to see a sell off around these levels. Hence one can go short around 5260-5280

However, in the case of an extreme bullish scenario, market may breach those 5280 levels with volumes. If this happens it will be aiming at 52 week highs and all round buying will happen.

Hence watch those indicators and trade with caution.

Buy Reliance Infra for short term

Buy Reliance Infra for short term target of 1020 from the current levels of 990. The scrip is oversold and a pull appears on cards.

Nifty hits target 5180- Road ahead appears strong- Trade long, but with a lots of caution.

As we had been pointing out Nifty had finally surpassed its resistance of 5180 today and as such the indices are looking extremely strong. Nifty resistance and Targets for 17.3.2010 are 5227-5250-5300. Play long till the major resistances and first signs of weakness.

Nifty Range of 5090-5180

Nifty is expected to open subdued and trade lower in the opening hours. The level of 5090 is crucial.On the upper side it has a resistance at 5180. Trade in this range in the direction of the market.

By Havell's India

Buy Havell’s India for short Term @ Rs.545.00 with a stoploss of Rs.520.00. Havell’s is poised for a strong up move to Rs.600+ levels and the breakout can happen any time in the coming days. Hence keep a watch and play long!

Buy Mahindra Satyam...

Buy Mahindra Satyam for short term gains @ Rs.98.00. The restated balance sheet is rumored to throw surprises in health of balance sheet as well as cash position. Satyam ADR's are trading at a premium to Indian Prices. There is also news of excellent order position. Moreover,our market in is bullish in general and Tech shares are particularly in flavor. All this augers well to make Mahindra Satyam an excellent buy for short and medium term.

Nifty almost on our Target of 5150 !

Nifty is almost on our target of 5150 today at close! Please refer my earlier post on this wherein it was suggested that Nifty was charting to 5150 levels.

Nifty faces resistance at 5180, where some bit of minor profit taking can be expected. If crossed with volumes, it can lead to further bullishness whereby an easy target of 5250 will be in sight. Mutual Funds will try to keep the market buoyant till end March, to have a widow dressing of their NAV’s. Hence this possibility is better now.

If Nifty turns weak tomorrow by any chance, and goes below 5100 to 5090, then it will indicate further weakness. In such a scenario, it will revisit sub 5000 levels of 4950. But as it is, this possibility is lower than the first one.

So play long till the bearish signs are in sight !

Nifty 5150 target intact!

Nifty was again consolidating for its further rally to 5150-5180 targets. There will be stiff resistance at 5180 levels, at which point there is a likelyhood of a sharp selloff which can take the indices down to around 4900 levels.But right now there is a zone of 100+ points upward-play long!

Rel Infra Charting High as per our previous post.

Reiance Infra already touched Rs.1040 in todays morning trade; likely to move up further.

Reliance Infra

Reliance Infra may be considered for short term gains @Rs.1020.00

Nifty on 4 th March 2010.

Todays Nifty mobvements can be considered as a brief correction and now it looks healthy for targers of 5100-5150.

Buy ITC

ITC LOOKS POISED FOR AN UPSIDE AS IT HAS RAISED THE CIGARETTE PRICES BY 17.6% ACROSS THE BOARD. BUY AROUND 244 LEVELS FOR SHORT TERM GAINS.

Nifty charting to 5150..

Nifty is in a strong technical position as on Todays{ 3rd March] close. Its target is around 5150.There will be intermittent profit taking which will bring it back to sub 5000 levels, but 5150 will be achievable in the next 2 sessions.

Budget is behind us.

Now the uncertainty of Budget is behind us, markets will look for Global clues.Things are looking much better now, and the Nifty is at knocking distance of 4965. A crossing over with volumes will determine the bullish breakout.