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Gurukrupa Capital

Posted 20th September 2008 at 08:15 PM by malavbhatt
Analyst:
Rupesh Patel
(H.O.D. Market Research & Analysis)
Type of Content: Weekly Technical
Duration: Week commencing from September 19, 2008.
Website: www.GurukrupaCapital.com


Don’t miss this buying opportunity


In last week market ran random but finally turned up ward strongly. Very few could buy due to unacceptable market movement. Trader should avail benefit of down side retracement. Long term investor can add technically strong scrips in their portfolio.

Nifty (4245): After checking a very strong bottom of mid July nifty reversed upward speedily. If retracement takes place then it can come down up to 4031 and then 3976 for correction.

Adlab (404.30): It has turned up after taking support near previous bottom. One can buy with the stop loss of 380 and then 361 for the upper target of 450.

Bhel (1709): After required correction it has reversed upward strongly. If one get chance to buy at lower level then 1584 is the stop loss for the upper target of 1850.

MTNL (90.45): It has turned up after taking support of previous bottom. One can buy with the stop loss of 87 and then 83 for the upper target of 100.

Reliance Infra (892.05): Strong up side reversal is the reason to buy. One can buy if can get chance to buy near 780 for the upside target of 1100.

Tata Motor (423.30): It is running sideways for a long time. If it closes above 440 one should not miss the chance to buy to see speedy rise till 500.


Guru’s Grace,
The Gurukrupa Capital Team.
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