Weekly tips for week starting 21st April

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We had a fantastic time last week. Making a killing in many of the stocks we traded. For the coming week, 5000 levels in NIFTY will hold the key. NIFTY is poised to break out of another triangle with the upper trendline coming around 5030 levels as of today. It looks more likely that this breakout will happen inspite of a CRR hike by RBI. However, its advised not to be over bullish on the market as well. We will consider the turnaround to be real and sustainable only on breach of 5300 - 5400 levels on a closing basis. Continue to stay long in NIFTY and use every dip in market as a BUYING opportunity. Be very cautious near the 5000 - 5030 levels and book any longs that you may hold there. We can always wait for the breakout to trade again.

Some weekly picks starting for this week

IDFC - BUY on dips till 156 for a target of 175
IFCI - BUY for target of 55+
ISPAT - BUY for a target of 37.5
SUZLON - BUY above 303 for a target of 319
SRF - BUY above 131 target 140+

Note: All are positional calls. There are more such calls. If you are interested in getting free calls add - travellin_techie in yahoo messenger for more information.