Views For Next Week

[shivaraja]

hihiiiiiiiiiiiiiii.....well said.......

 

[manugoyal]

When do you estimate the correction is happening?
As far as $92b is concerned, those are for existing conflicts (read Afghanistan and Iraq) + Katrina. I think this amount is not sufficient for launching an offensive on Iran.

best
m

 

[nn0023]

Hi All,

Last week was Volatile..and it had to be volatile..The markets are trading at all time highs..So volatility will be seen..

Coming to this week -:

Markets looks like that it is ready to make new highs..But still at higher levels I will advice traders to be cautious..Something,somewhere is not right..It is just a feeling now..Lets see

Nifty Futures Important resistance @ 3231 after that 3262-3277-3311

Nifty Futures should not close below 3183 to maintain this up trend..

I dont have much Positional Calls for the week..Only trading Calls

Buy CNX IT above 4191 target 4219/4239/4257 stops at 4133

Satyam Buy above 814 stops 806/804 target 826/831/837

M&M a move above 632 targets 641/652

RIL cmp 775 Buy with stops @ 768/762

Remember gave a target of 775 minimum for RIL at 728 levels ?? Keep a trailing stops @ 758 and keep riding this beauty..

Buy Tata Tea @ 860 stops 842 target 897 +

Buy Mahindra Gesco Buy only above 414 target 427/434/444

Financial Technology is a positional buy with stops @ 1230 cmp 1295 targets 1540..It is my favourite stock also since long..Look what they are doing -:

See their growth here:

Financial
Technologies

(Rs.cr.)

Equity Dividend
0503 8.8 20%

Sales PAT
12m 0403 27 12.74
12m 0503 33 9.91
Q4 0503 11 1.71
Q1 0506 20 12.82
Q2 0509 23 12.94
Q3 0512 32 17.11

While there have to be few companies with these kind of margins, the key story in FT now is that MCX have filed their prospectus for that much-promised IPO.

FT's stake in MCX is sweetly heavy.

Go long in FT..

Keep a watch on ONGC ..ONGC and RIL will be the main market movers..

Also Keep a watch on Havell's..that it may rise 100 Rs this week only ..Guts feeling though

Good Luck !! Trade with stops in place..


N.B. MM and Gesco wont require stops..

Trading calls are for Intraday only..quick entry and quick exit !



COURTSEY : MR. DAKHSH

 

[nn0023]

RPG Transmission touched a new high of 205.85.
target expected 230/=
But be cautious ...If overall market becomes weak then it wont go there ..


thanks & regards