Correction target at initial stage are Reality stocks.....
Watch Nifty level 4827-4770. If survive, can average....I will post rate at which average or Stop Loss to maintain after updating my last week`s data base. I was out of station for one week..
Tata Asset Management increased its weightage in GMR INFRASTRUCTURE LTD.
GMR Infrastructure, Allahabad Bank, Firstsource Solutions and were the top buys on OCTOBER 2009, while Idea Cellular, Nagarjuna Construction and Reliance Power were the top sells for OCTOBER 2009.
Friends, i think we should not miss this oppurtunity to buy GMR Infra. on monday.
I advise you all to buy GMR INFRASTRUCTURE on MONDAY around 71 RS for a short term target of 76 on monday as it has been learned that it is going to post good q2 results on monday.
GMR INFRA is going to bounce back on monday. A s it has already fallen from 76 RS to 70 RS, it is good to enter into GMR INFRA on monday morning around 71 RS for an intra day target of 75 to 78 RS.
I have got a BUY RECOMMENDATION CALL on GMR INFRA on MONDAY from ICICI SECURITIES LTD.
27-10-2009 : Today RBI Credit policy did the rest. Market was waiting for small NEGATIVE NEWS and SLR 1 % hike By RBI DID The rest !!!!!!!!
However, we traded in limited stocks like RELIANCE, SBI, HCL-INSYS, REL. CAP etc. Details of Few calls ( Except SHORT SBI AND RELIANCE )
are posted on my web site , "Free Calls" Page. We try to search Opportunity To Buy and earn in falling market. Nifty may bounce back between 4770-4800. Let us see........ What board say is FINAL......
This is the level we arrived at by weekly
161.8 % Retracement on weekly Support and Resistance levels which being 4921 and 5182. We hope Nifty may get temporarry support around this levels.
still It would be wise to off load at ups untill Nifty do not stay comfortable above
5182 levels.
-- SK-
Stocks to watch
(1)........Reliance :
close 1991. Strongly resisted to break 1960 and shown huge buying between 1875-1987 Levels.
Daily Resistance : 2009-2027
Daily Support : 1974-1957
(2) ....... Havells :
Close : 314
Despite termoil, this stock denied to fall further....... Just corrected 3 Rs from previous immediate close.