Sensex Technical View :Sensex has crossed the rising wedge level of 16300 odd and its difficult to say whether this should be termed a breakout or a false move to the one similarly seen in January 2008.
In either case the risk-reward is slowly shifting away from index on the long side. So one can continue to book profits slowly or keep trailing stoplosses. A significant technical resistance is only at 17700 ( previous tops ).
Continue to be stock specific till index doesnt show reversal signals. From here on expect moves to be very selective and stock specific then broad based.
Stocks to watchout for :
Havells and Jupiter Bio charts and view posted.
Medium term investors can look into following stocks to buy in pyramid manner. Have not performed in the current bounce so downside risk is lower.
Cranes Software
KEI Inds
Sharyans Resources
J K Agri Genetics
Please do your fundamental research as the above stocks do look interesting on a quick research.
Genus Power buy arnd 207-212 stop of 201 tgt 225-240 in short to medium term.
FSL :THE ABOVE WEEKLY CHART OF FSL HAS TOUCHED TREND LINE AT 37.50 IF IT CROSSES 38.5 WITH GOOD VOLUMES THEN NEXT TGT CAN BE 47 IN COMING DAYS
Here in this portfolio analysis we have a case of Mr Hussain who wants a three year horizon for his portfolio. However my recommendation to him will be to watch for one year targets and take profit there. After that he will have plenty of opportunity to pick up the shares again at a lower price since those targets are at supply zones. Lets begin the exercise.
DLF
Holding134 shares at an average price of Rs 358. Closing price on 22 Sep 09 was 430.1
6 mnth tgt- 700, 1 yr tgt- 900
You should keep holding the share for a target of 900. It may also trade at 1200 around two years down the line.
GMR Infra
Holding 287 shares at an average price of 76. Closing price on 22 Sep 09 was 142.8
6 mnth tgt- 200, 1yr tgt 260
You have a profitable position to hold. At the most GMR may come down to 110 in near future expected correction. Hold till target of 260 is achieved.
BPL
Holding1000 shares at an average price of Rs 24.15. Closing price on 22 Sep 09 was 36.85
6 mnth tgt- 45, 1 yr tgt- 65
Currently BPL may come down to the zone of 25 to 30. Since you will not be in any loss, therefore keep holding till target of 65.
BHEL
Holding 14 shares at an average price of Rs 1504. Closing price on 22 Sep 09 was Rs 2285.
6 mnth tgt- 2800, 1 yr tgt- 3900.
BHEL may come down to 1700 level in the foreseeable correction. It will be very weak if it closes below 2200. However you do not have to worry since your position will not give you any loss even if the correction does take place. Hence keep on holding it till 1 year's target of 3900.
GSPL
Holding 590 shares at an average price of Rs 59. Closing price on 22 Sep 09 was Rs 79.4
6 mnth tgt- 95, 1 yr tgt- 110
GSPL may correct to 50 level in near term. You may like to add to your position if it does come down to 50. What ever be the case, exit position only at 1 year's target of 110.
Rcom
Holding 90 shares at an average price of Rs 359. Closing price on 22 Sep 09 was 307.5
6 mnth tgt- 500, 1 yr tgt- 600, 2 yr tgt- 810
Rcom may come down to 250 level if the markets correct now, of which there is high probability. You can plan to add to your position at 260 and off load your complete position at two year's target of 810.
DLF
Holding134 shares at an average price of Rs 358. Closing price on 22 Sep 09 was 430.1
6 mnth tgt- 700, 1 yr tgt- 900
You should keep holding the share for a target of 900. It may also trade at 1200 around two years down the line.
GMR Infra
Holding 287 shares at an average price of 76. Closing price on 22 Sep 09 was 142.8
6 mnth tgt- 200, 1yr tgt 260
You have a profitable position to hold. At the most GMR may come down to 110 in near future expected correction. Hold till target of 260 is achieved.
BPL
Holding1000 shares at an average price of Rs 24.15. Closing price on 22 Sep 09 was 36.85
6 mnth tgt- 45, 1 yr tgt- 65
Currently BPL may come down to the zone of 25 to 30. Since you will not be in any loss, therefore keep holding till target of 65.
BHEL
Holding 14 shares at an average price of Rs 1504. Closing price on 22 Sep 09 was Rs 2285.
6 mnth tgt- 2800, 1 yr tgt- 3900.
BHEL may come down to 1700 level in the foreseeable correction. It will be very weak if it closes below 2200. However you do not have to worry since your position will not give you any loss even if the correction does take place. Hence keep on holding it till 1 year's target of 3900.
GSPL
Holding 590 shares at an average price of Rs 59. Closing price on 22 Sep 09 was Rs 79.4
6 mnth tgt- 95, 1 yr tgt- 110
GSPL may correct to 50 level in near term. You may like to add to your position if it does come down to 50. What ever be the case, exit position only at 1 year's target of 110.
Rcom
Holding 90 shares at an average price of Rs 359. Closing price on 22 Sep 09 was 307.5
6 mnth tgt- 500, 1 yr tgt- 600, 2 yr tgt- 810
Rcom may come down to 250 level if the markets correct now, of which there is high probability. You can plan to add to your position at 260 and off load your complete position at two year's target of 810.
Nifty :: Once again an high wave bullish candle.. Nifty moving up and up without any correction with low volume.. Danger sign.. Nifty already in target zone.. Once again we repeat please avoid buy at high..Go with trend but buy only in deep with strictly S.L for intraday only.. For further up move Nifty required to close above 5030 and next strong hurdle 5065/5070.. Now aggressive trader long buying stop loss move higher at 4971, and max up to 4932/4888.. Still our strategy same as yesterday sell at high if you get chance near 5065/5070 (S.L 5115) buy in deep (S.L 4971).. Resistance for up move 5036/5065/5070/5091/5115/5163/5167… Supports at 4971/4958/4932/4888..
REL INFRA - RISING TRIANGLE BREAKOUT TARGET 1550
Nice little breakout and volumes picking up.
Target 1 = 1365
Target 2 = 1550-75
Stop = 1145
FOR DATE 23-9-2009
SCRIP = MOSER BAER (I) (NSE),
SCRIP CODE = MOSERBAER,
PREVIOUS CLOSE = 99.4,
STOP LOSS = 94,
TARGET = 121.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR, CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
SCRIP = MOSER BAER (I) (NSE),
SCRIP CODE = MOSERBAER,
PREVIOUS CLOSE = 99.4,
STOP LOSS = 94,
TARGET = 121.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR, CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
- CHART AS ON 22-9-2009
WITH A CONSIDERABLE RISE IN VOLUMES, THE STOCK HAS GIVEN A FRESH BREAKOUT IN THE LAST TRADING SESSION. THE STOCK WAS RANGE BOUND SINCE AUGUST.
THE RSI AND MACD HAVE GIVEN A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT INDIACATE THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.
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