As a trader or investor we must not bother much about the events , though we believe that it has greater impact on the equity market .We believe that price discounts everything except the act of god , so one must continue to hold quality stocks and may not care about any events in the market . In our last report we mentioned that we believe that the Bank , Oil and Energy sectors may get support and Pharma and Auto may correct , and we witnessed the same .
We continue to believe that the market may show its strength and it will digest the resultant impact. We don’t see a huge movement on either side , we believe that upside is capped at 6440-6500 and 5700-5600 on the lower side . And the market is in a mood to consolidate for some more month.
We see many multi bagger opportunities and we request our reader not to miss it for the sake of trading activity . We suggest our trader to reduce their trading activity and be focused on the selecting quality stocks , we will give our best to find such opportunity .
We suggest our readers not to participate on event day , so that, can build a strategy for next trading sessions.
We may not recommend trading in nifty in the coming week , but can buy near 6115 if it comes with the stop loss of 6059 for the target of 6172-6203-6250.
Last week update (nifty sopt level)
1. We recommend to buy nifty with the sl of 6088 and we have achieved the target of 6263.
2. We have also recommended to sell nifty (risky trader) near 6290 sl 6315 tgt 6214 , it has exactly taken resistance at 6300 and corrected till 6232.
So for this week (spot level)
Can buy near 6115 if it comes with the sl of 6059 for the tgt of 6172-6203-6250.
Stock update (spot level)
1. We have recommended to buy Rec to buy with sl of 217 tgt 236 it has made a high of 231 and sl is still intact so our call is still active.
2.We have recommended to buy cipla in the the range of 385-378 stop loss 372 target 409-415 and call is still active.
3.We have recommended to Buy sbi with the stop loss of 1747 for the target of 1885-1955 and it has made high of 1882 and call is active .
4.We have achieved our target on coal india
5. We have also recommended NTPC with the stop loss of 144 for the target of 160 is still active.
As our most of the calls are active we are not recommending new picks for the current week.
6. We have seen a strong pattern on the kalpataru power so the only new pick for the week is to accumulate it till 88 sl 84 tgt 105-115
We continue to believe that the market may show its strength and it will digest the resultant impact. We don’t see a huge movement on either side , we believe that upside is capped at 6440-6500 and 5700-5600 on the lower side . And the market is in a mood to consolidate for some more month.
We see many multi bagger opportunities and we request our reader not to miss it for the sake of trading activity . We suggest our trader to reduce their trading activity and be focused on the selecting quality stocks , we will give our best to find such opportunity .
We suggest our readers not to participate on event day , so that, can build a strategy for next trading sessions.
We may not recommend trading in nifty in the coming week , but can buy near 6115 if it comes with the stop loss of 6059 for the target of 6172-6203-6250.
Last week update (nifty sopt level)
1. We recommend to buy nifty with the sl of 6088 and we have achieved the target of 6263.
2. We have also recommended to sell nifty (risky trader) near 6290 sl 6315 tgt 6214 , it has exactly taken resistance at 6300 and corrected till 6232.
So for this week (spot level)
Can buy near 6115 if it comes with the sl of 6059 for the tgt of 6172-6203-6250.
Stock update (spot level)
1. We have recommended to buy Rec to buy with sl of 217 tgt 236 it has made a high of 231 and sl is still intact so our call is still active.
2.We have recommended to buy cipla in the the range of 385-378 stop loss 372 target 409-415 and call is still active.
3.We have recommended to Buy sbi with the stop loss of 1747 for the target of 1885-1955 and it has made high of 1882 and call is active .
4.We have achieved our target on coal india
5. We have also recommended NTPC with the stop loss of 144 for the target of 160 is still active.
As our most of the calls are active we are not recommending new picks for the current week.
6. We have seen a strong pattern on the kalpataru power so the only new pick for the week is to accumulate it till 88 sl 84 tgt 105-115
