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Hi All,
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Gurukrupa Capital

Posted 31st August 2008 at 01:40 PM by malavbhatt
Analyst:
Rupesh Patel
(H.O.D. Market Research & Analysis)
E-mail: rupesh.patel@gurukrupacapital.com
Website: www.GurukrupaCapital.com


Market marches ahead with strong momentum for fresh up trend


In last week nifty has finished its last phase of correction and started new up trend strongly. Most of the standard scrips have shown up side movement indication. It is again good time for investors as well as traders to create their portfolio position.


Nifty (4360): After taking strong support at 4202 it has started going up with strong reversal. It can go up to last top of 4650 speedily.

Bank of India (267.60): After completing required correction it has reversed for upside movement. One can buy with stop loss of 248 for the target of 305.

BPCL (302.75): It has taken a very strong support at 278 and shown strong up side reversal. One can buy with the stop loss of 278 for up side target of 345.

Ind Bull Real (288.65): Third time bottom is checked which indicates very strong support. One can buy with the initial stop loss of 258 and then 243 for the target of 365.

Sesa Goa (158.25): Required correction is over. One can buy with the stop loss of 151. It can go up to the latest top of 184.

GE Shipping (384.25): After required correction it is running sideways for last two weeks. One can buy after it closes above 390 with the stop loss of 375 for up side target of 445.


Guru’s Grace,
The Gurukrupa Capital Team.
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