Weekly Stock Tip - for week beginning 15th April 2008

After a long pause am reviving my blog again due to popular request from friends...so lets make money again...for serious traders, we give some free calls and a lot of calls for paid clients here

www.greatemoney.com

there are many more analysts working with me at this site to deliver you top quality picks.

This week, we are expecting to see action in RPL, RCOM. (Rest of the picks for paid customers :) )

RPL has broken out well and is heading towards 192 and 208 levels. It will retest 179 levels before starting its upward move again. BUY RPL around 179 levels for a target of 192 and 208.

RCOM has taken a wonderful support at 485 and is poised for a short run up. The stock is expected to touch 528.

View on NIFTY
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NIFTY is moving rangebound with a bullish bias. If it closes above 4800 levels, we may see 5000 levels in the coming week.

IVRCL

Pick up IVRCL on close above 430. First tgt is 463 and second target is 500.

This stock has formed an inverted Head and shoulder on daily charts and will move up in the short term. The above targets are short term targets.

Down for a while...

Tradeguide will be down for a while...with no updates as I am busy with bringing up this website

www.greatemoney.com.

Till then for all stock market tips reach out to

http://nsetips.blogspot.com

Fireworks ahead

Fed has cut rate by 50 basis.....markets will flare up now. I was maintaining that 4600 is coming soon....n today it comes....Many stocks will flare up. So I would give you resistance levels of some stocks so you can play with accordingly. buy above each of these levels and sq off at next resistances


ICICI bank - 932, 948, 952, 964, 974
ESCORT - 110, 113, 115, 116.7, 120
GMR - 792, 801, 813, 845
IDFC - 136.5, 138
IVR - 400, 412, 418
NDTV - 374, 378, 383, 386
SRF - 146, 150, 152, 154.6. 157.5
TELCO - 692, 711
zee - 311, 316.5, 319.5, 323.7, 328.5

Indecisive days

Markets are very indecisive extremely rangebound. Its better to wait and watch now. We are also close to 18th. The Fed decision is bound to come soon. Let us sit on the side and watch the market tomorrow. Remember there is no rule that you have to trade everyday.

The Great Wall

Its more like a continuation of yesterdays' post. Markets seem to have walls built at 4535 and 4580 just playing tetris between them. The best thing to do now is to watch and watch for the right direction. Volumes have been low in the past few days. Everyone seems to be waiting for 18th. We will also wait for 18th.

As said earlier, we will keep trading light. Reliance capital hit the roof today as suggested yesterday. The other 2 failed to take off. We will track a few stocks for tomorrow only

1. ICICI bank - Good support at 882. BUY above this level for following targets - 898, 912, 920. If ICICI breaks 882, short it for a target of 872.

2. PATNI - SHORT on break of 449. Target 442, 440. SL - 457.

Intraday calls for 13th September

Markets are getting extremely rangebound. Though we still continue to remain positive, chances are it may just go the opposite way as well. Market is giving no indications of a directional move and has been trading sideways for many days now. Its better to trade intraday in these market conditions than positional. The action is also very stock specific. We will pick up a few of these alone and keep trading light for the next few days until the direction becomes clear

1. Reliance Capital - Good momentum and upmove in this stock. BUY for a target of 1389. Stoploss 1300.

2. UTV soft - BUY above 582 for a target of 594.

3. ZEE Telefilms - Bounced from 299 levels exactly as suggested yesterday. For tomorrow, BUY above 310 for a target of 319. If it manages to close above 310, positional trades can be done for higher targets.