Wednesday, September 5, 2007

Market Update

NIFTY broke out in the final hour of trading today and is now well poised to move up to 4600+. The last barrier comes in at 4330 levels. Once taken out, we will be going up full throttle.

SBI has broken out the level that I had specified earlier precisely. Its not headed towards 1750 - 1800. Go long and hold for a week.

IFCI has had a bounce of the trendline. If it can takeout 71, it will move upto 77.

SAIL is poised for a good upmove now.

Arvind mill if breaks 54.5 will target 56.2 and 57+.

Watch TELCO, it has been unable to the 712 level that we have specified so far. If it breaks 712, it will fly. I would recommend a buy around 714 - 715 (2 - 3 rs for breakout confirmation).

Tomorrow I am expecting a positive day. We have made good money this week with all the below calls. Hoping to sign the week off in style. Watch out the space on sunday for more updates with stocks information and my picks for the next week....

Tuesday, September 4, 2007

Mid-week picks...

Charts favour IDBI to move upto 150 levels from the current 130 levels in 1 - 2 weeks time period. Keep this in portfolio and hold for a week to benefit from it.

CIPLA has broken out today 4th September from its trading channel. The volumes have been phenomenal...infact it has recorded the second highest volume in the past 2 years. I feel the stock has given a good breakout and is poised for upmove now. Immediate resistances exist near 181, 191 and 200. Wait for one more day and pick up this stock for short term if the trend continues.

IVRCL Infrastructure is bullish and is set to break the 400 barrier soon. Go long and hold for 1 - 2 weeks.

Monday, September 3, 2007

Follow-up on the calls...

We had a super duper day...Arvind Mills, IFCI and ZEE telefilms already achieved our targets. Continue to remain long in these counters as demand seems very good. IFCI could head towards 77 now. Also add SRF to your portfolio, the stock has closed above an important resistance and will now move up above 145 - 150 levels.