Time to select portfolio Betts
Nifty is not moving anywhere it is in the narrow range of 5700-6300. Every time it reaches 6300 it gets supply pressure and 5700-5900 has become demand zone.
Nothing but a straddle scenario , it means a majority is not aware of nifty trend and feels it may consolidate, and yes it is good as long it takes time to consolidate .
Why so,? Because as long as it consolidates we may see the powerful break out or break down vice versa.
As we have always advised our readers to go for portfolio buy instead of trading, which has given the best outcome?
We have been successful in building our wealth form our top picks like, TATA steel , DCB, PTC, YESBANK , PFC, REC etc. Even in sluggish market.
We feel the market may remain range bound till Jan 2014 and we might see break out in mid of Feb 2014.
Please note that timing the market is not an easy task, it is purely based on our understanding and logic and may differ.
So we request our readers to select best stock and go with investor mentality, the current scenario is not traders market, there are lots of multi bagger opportunity .
We recommend Canara bank as multi bagger stock accumulate in the range of 210-270 for 200% return, maybe in a span of 3 years.
Nifty update (spot level)
1. We recommended to buy nifty for the target of 6112 , we achieved it successfully.
2. We also recommended to sell nifty in the range of 61187-6126 for the target of 6055-6012-5980 , we achieved 6055.
So for this week ( spot level)
1. Nifty will be in the range of 6025-6350
2. On Monday buy nifty with the stop loss of 6088 target 6207and above 6212 we may test 6247-6263.
3. We may face resistance at 6288.
4. 6095-6025 in no trading zone
5. Sell only below 6025 with stop loss of 6095 target 5975-5940
6. Risky trader may take risk to sell near 6290 with stop loss o0f 6315 closing basis for the target of 6214.
So stocks for the week
1. Buy rec with the stop loss of 217 target 236-241
2. Buy cipla in the range of 385-378 stop loss 372 target 409-415
3. Buy sbi with the stop loss of 1747 for the target of 1885-1955
4. Buy atul with the stop loss of 400 for the target of 427-440-459
5. We have recommended coal India to buy with the stop loss of 262 for the target of 278-285 is still active
6. We have also recommended NTPC with the stop loss of 144 for the target of 160 is still active.
Nifty is not moving anywhere it is in the narrow range of 5700-6300. Every time it reaches 6300 it gets supply pressure and 5700-5900 has become demand zone.
Nothing but a straddle scenario , it means a majority is not aware of nifty trend and feels it may consolidate, and yes it is good as long it takes time to consolidate .
Why so,? Because as long as it consolidates we may see the powerful break out or break down vice versa.
As we have always advised our readers to go for portfolio buy instead of trading, which has given the best outcome?
We have been successful in building our wealth form our top picks like, TATA steel , DCB, PTC, YESBANK , PFC, REC etc. Even in sluggish market.
We feel the market may remain range bound till Jan 2014 and we might see break out in mid of Feb 2014.
Please note that timing the market is not an easy task, it is purely based on our understanding and logic and may differ.
So we request our readers to select best stock and go with investor mentality, the current scenario is not traders market, there are lots of multi bagger opportunity .
We recommend Canara bank as multi bagger stock accumulate in the range of 210-270 for 200% return, maybe in a span of 3 years.
Nifty update (spot level)
1. We recommended to buy nifty for the target of 6112 , we achieved it successfully.
2. We also recommended to sell nifty in the range of 61187-6126 for the target of 6055-6012-5980 , we achieved 6055.
So for this week ( spot level)
1. Nifty will be in the range of 6025-6350
2. On Monday buy nifty with the stop loss of 6088 target 6207and above 6212 we may test 6247-6263.
3. We may face resistance at 6288.
4. 6095-6025 in no trading zone
5. Sell only below 6025 with stop loss of 6095 target 5975-5940
6. Risky trader may take risk to sell near 6290 with stop loss o0f 6315 closing basis for the target of 6214.
So stocks for the week
1. Buy rec with the stop loss of 217 target 236-241
2. Buy cipla in the range of 385-378 stop loss 372 target 409-415
3. Buy sbi with the stop loss of 1747 for the target of 1885-1955
4. Buy atul with the stop loss of 400 for the target of 427-440-459
5. We have recommended coal India to buy with the stop loss of 262 for the target of 278-285 is still active
6. We have also recommended NTPC with the stop loss of 144 for the target of 160 is still active.
