SCRIP = JAYSHREE TEA & INDUSTRIES LTD. (NSE),
SCRIP CODE = JAYSREETEA,
PREVIOUS CLOSE = 295.15,
STOP LOSS = 286,
TARGET = 372.
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CHART AS ON 23-9-2009THE STOCHASTICS AND RSI HAVE GIVEN A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT INDICATE THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.
Unitech
Holding 500 shares at an average price of Rs 83. Closing price on 23 Sep 09 was 109
6 mnth tgt- 160, 1yr tgt- 200
Since you are sitting on profit and market correction is expected soon, you may like to sell 50% of your holding at about 120 and release your capital. After the correction you may like to pick up Unitech at 75/80 level. Then hold your position for one year's target of 200.
Suzlon
Holding 500 shares at an average price of Rs 96. Closing price on 23 Sep 09 was 94.6
6 mnth tgt- 180, 1yr tgt- 320
Suzlon should be bought at every dip. So be ready to add to your holding in small packets till level of 80. Such accumulation in the scrip will pay you handsome dividends in one year. Sell your complete position once the scrip reaches the price target of Rs 320.
DLF
Holding 90 shares at an average price of Rs 343. Closing price on 23 Sep 09 was 423.6
6 mnth tgt- 700, 1yr tgt- 900
DLF may correct till 300 and may on extreme conditions go down as much as 250. You can keep a stop loss of 385 and keep holding your position. You may then re-enter the scrip at 300 for the price target of 900 in one year or so.
Bhartiartl
Holding 50 shares at an average price of Rs 612. Closing price on 23 Sep 09 was 413.5
6 mnth tgt- 550, 1yr tgt- 750
Hold your position in this scrip and plan to add to your position during the correction. Fall below 390 can take the scrip to 340/350. Buy 50 additional shares at 350. Hold the scrip for one year's target of 750.
Mundra Port
Holding 50 shares at an average price of Rs 610. Closing price on 23 Sep 09 was 537.5
6 mnth tgt- 800, 1yr tgt- 1100
Mundra port can slide down to 400 if it closes below 520. Double your holding if the scrip touches 400. Hold your position for one year's target of 1100.
RNRL
Holding 200 shares at an average price of Rs 140. Closing price on 23 Sep 09 was 88.15
6 mnth tgt- 145, 1yr tgt- 190, 2 yr tgt- 250
RNRL can correct to 70 once it closes below 83. Keep accumulating the scrip from 70 downwards till 60. Hold your position till one year's target of 190.
Alok Industries
Holding 1000 shares at an average price of Rs 22.45. Closing price on 23 Sep 09 was 22.7
6 mnth tgt- 33, 1yr tgt- 42
Alok Industries can fall to 15 level but you should keep holding your position. You should start accumulating at dips right from 19 till 15. You can then sell your positions comfortably at one year's target of 42.
SBI
Holding 60 shares at an average price of Rs 343. Closing price on 23 Sep 09 was 2142
6 mnth tgt- 2300, 1yr tgt- 3200
You have SBI at IPO price so just keep holding it till its one year target of 3200.
GMR Infra
Holding 100 shares at an average price of Rs 143. Closing price on 23 Sep 09 was 140.7
6 mnth tgt- 200, 1yr tgt- 260
GMR Infra may correct to 110. You may start building up your position from 110 downwards. Hold the scrip for one year's target of 260.
RPL
Holding 160 shares at an average price of Rs 146. Closing price on 23 Sep 09 was 130.4
6 mnth tgt- 200, 1yr tgt- 235, 2 yr tgt 290
RPL can move down to 110 during the coming market correction. But you should only think of adding to your present position. Sell only when the scrip touches 290.
NTPC
Holding 260 shares at an average price of Rs 198. Closing price on 23 Sep 09 was 208.8
1yr tgt- 300
NTPC looks quite dicey below 200. You have a choice to move out of this scrip at current market price and re-enter at 170. It may go down to even 150 level, but over one year it will surely touch 300.
GVK Power
Holding 2700 shares at an average price of Rs 46. Closing price on 22 Sep 09 was 46.6
6 mnth tgt- 65, 1 yr tgt- 100
You may consider exiting from 50 % of total holding of the scrip at current market price. This will be on a no-profit-no-loss basis, and will give you the capital to re-enter at lower level. This is because GVK power may test 27/30 level in the coming correction. Buy back your shares at 30 and hold for one year's target of 100. Exit complete position once target is achieved.
JP Associate
Holding 500 shares at an average price of Rs 220. Closing price on 22 Sep 09 was 249.8
6 mnth tgt- 390, 1 yr tgt- 500
JP Associate can correct to 170 level. If that happens then pick up 500 additional shares at around 170 and hold your total position of 1000 shares. Sell your complete position at the target price of 500.
Suzlon
Holding 200 shares at an average price of Rs 90. Closing price on 22 Sep 09 was 100.8
6 mnth tgt- 180, 1 yr tgt- 320
Suzlon is a bright candidate to be in any portfolio for the next one year. Hold the scrip and keep adding to your position in small tranches at every dip till 80. Accumulate at least 1000 shares in your portfolio for next one year. Exit your complete position at target price of 320.
Nifty :: Correct sharply form target zone and close below important support 4971 with high volume.. Its mean aggressive trader buying stop loss already hit.. Now mid term trader watch buying stop loss 4931/4885.. Once Nifty break 4885 and given close below it, Nifty enter in mid term corrective face. May be bulls try to hold this support on fno expire day.. Till then avoid shorting at low or near highlighted support level.. Safe shorting at high or below 4885.. Our strategy same as yesterday sell at high (S.L 5004) buy in deep (S.L 4885).. Resistance for up move at 4976/5004/5025/5036.. Supports 4930/4885/4826/4816/4782/4755..
Nifty - Moving up in Bearish Pattern - Breakout may Target 4850 in 1-2 Sessions
Be Highly Scrip Specific - Both Bullish & Bearish Opportunities Available
* HINDALCO !
Overbought in hourly charts-Corrective decline to 125 likely
* R COMM. !
Bearish pattern with support at 290-Breakout may target 265-270 in near term
* NAGARJUNA FERT. !
EST support at 32-Breakout may target 28 in coming days
* ICICI BANK !
Short term charts favor decline to 830 & below-Book profit on every rise
* ORCHID CHEM. !
Fails to move above 172-Medium term charts favor decline to 140 & below
* REL. CAPITAL !
Short term support at 894-Bearish breakout will target 840 in coming sessions
* TATA MOTORS !
All indicators in favor of decline to 575-580/Use every rise for profit booking
* JP HYDRO !
Short term support at 80-Break of support may target 75 in coming sessions
* SUZLON ENERGY !
EST support at 93-94/Bearish breakout may target 85-86 in near future
* UNITECH LTD. !
On verge of bearish breakout-Close below 108 may target 95 in near future
* DLF LTD. !
Mildly bearish in hourly charts-Likely to go below 410 in coming days
* UCO BANK !
Bullish target of 55+ maintained-Pullback to 47 likely
* HDIL !
Bearish pattern with support at 319-Breakout may target 300 in near future
* TATA STEEL !
Bearish target of 500 maintained-Use every rise for short term profit booking
* IDBI !
EST support at 111-Breakout may wipe off Rs.6/- in near term
* SESA GOA !
Indicators favor decline to 267-268/Use higher levels for profit booking
* TCS !
Overbought in hourly charts-Corrective decline to 572 likely
* LIC HOUS. FIN. !
Extremely overbought-Ripe for decline to 765
* SBI !
Mildly bearish in hourly charts-Likely to go below 2090 in near future
* BALAJI TELE !
All indicators favor rise to 80-Buy on declines with SL
* CENTURY TEXTILE !
Bearish pattern with support at 484-Breakout may target 460 in near future
* HCL TECH. !
Hourly charts favor decline to 320-Use higher levels for profit booking
* NDTV !
Bearish breakout-Likely to go below 150 in near term
Sensex Technical View :
First red candle after slow upmoves ! ... Though no signs of reversal as of now but sustained closing below 16600-16700 could take it to 16000 levels in near term. Continue to wait and watch.
Stocks to watchout for :
Moser keep a stop of 94 ( disclosure booked half at 102 and trailing got hit at 97 ) , WWIL stop 20.3, Genus stop 200.
No stock specific updates as from here on it would be difficult to take trades as risk is increasing and in many cases decisions have to be taken in the day. Little uncomfortable on the index for near term.
So take a break relax over the long weekend :) research more , learn more :)
Investment pick :
J K Agri Genetics
Investment value of 160-190 crs against a mkt cap of 50-60 crs. Debts of 40-45 crs.
Into Agro based business so does deserve a better price in 6 mths to 1 yr. Buy on declines from 165-145 only with long term view.
Do your research as stock is illiquid and dont expect movements in near term although possible.
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