January 6,2011
From the desk of
Dr.Ashwani Varshney
The Indian capital Marets are in a broad range of 5700- 6200 in nifty.Short term outlook apears positive as long as the nifty trades above 6030 level.In the next coming session nifty may touch 6110 levels .The next week will give the direction to the market as the quarterly results of the big giants are on cards. The IT index are showing strength and optimism that can give direction to the market .Reversal from the 6030 levels on nifty confirms the bullish outlook.Buy on Dips as much as u can in the next session..
Recommendation for January 7 ,2011
1) Buy ICICI bank at 1050 s/l 1035 target 1080
2) our call of reliance industries rocking .one can hold or buy Reliance induetries for targets of 1120 s/l 1085.
3) Buy Hcl tech at 480 s/l 475 target 500.
4)Buy Ind hotel at101for the target of 106 s/l 99.
Good luck.
Thursday, January 6, 2011
Wednesday, January 5, 2011
Market ended in deep red
January 5 ,2011
From the desk of
Dr.Ashwani varshney
Indian market face sharp decline on account of heavy selling seen in banking and realty stocks .Sensex closed at 20301 down 197 points and nifty closed at 6079 down 66 points.However FIIS were the net buyers in cash market according to the provisional figures.The nifty and sensex decline on account of heavy selling seen in the european markets
The short term market outlook remains bullish as long as the nifty future holds 6030-6050 levels . where the 50 day moving average exist. Reversal from these levels confirm the bullish pattern on charts . If nifty holds 6030 level ,in the coming days 6300 levels can be seen easily.The strategy should be of buy on dips as long as the above levels hold.
Recommendations for January 6, 2011
1) Go long in reliance industries for target of 1100 in coming days
2)Buy Dr Reddy labs at the opening bell for the 5 % gains in the coming session.
3)Buy Chambal Fertilisers at 87 -88 level for a target of 96 in next 2-3 sessions.
Good luck
From the desk of
Dr.Ashwani varshney
Indian market face sharp decline on account of heavy selling seen in banking and realty stocks .Sensex closed at 20301 down 197 points and nifty closed at 6079 down 66 points.However FIIS were the net buyers in cash market according to the provisional figures.The nifty and sensex decline on account of heavy selling seen in the european markets
The short term market outlook remains bullish as long as the nifty future holds 6030-6050 levels . where the 50 day moving average exist. Reversal from these levels confirm the bullish pattern on charts . If nifty holds 6030 level ,in the coming days 6300 levels can be seen easily.The strategy should be of buy on dips as long as the above levels hold.
Recommendations for January 6, 2011
1) Go long in reliance industries for target of 1100 in coming days
2)Buy Dr Reddy labs at the opening bell for the 5 % gains in the coming session.
3)Buy Chambal Fertilisers at 87 -88 level for a target of 96 in next 2-3 sessions.
Good luck
Tuesday, January 4, 2011
Markets Snaps 4 day rally
Jan.4 2011
From the desk of
Dr Ashwani Varshney
The market closed with loss of 11 points on Nifty and 62 points on sensex.The Group of Ministers meeting to take decision on deregulation of Urea on 5 January 2011 can positively impact the fertilisers stocks.Moreover it is expected that the decision on the same may be defer to next month.Market look choppy for the next trading session .
Recommendations for Jan.5 2011
1) Buy Reliance Industries at 1070 target 1090 sl 1057.
2)Accumulate IL&FS transport for handsome gain of 20% in 2- month.
Gud luck
From the desk of
Dr Ashwani Varshney
The market closed with loss of 11 points on Nifty and 62 points on sensex.The Group of Ministers meeting to take decision on deregulation of Urea on 5 January 2011 can positively impact the fertilisers stocks.Moreover it is expected that the decision on the same may be defer to next month.Market look choppy for the next trading session .
Recommendations for Jan.5 2011
1) Buy Reliance Industries at 1070 target 1090 sl 1057.
2)Accumulate IL&FS transport for handsome gain of 20% in 2- month.
Gud luck
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