Weekly Nifty Outlook for the week 11/10/2010 - 15/10/2010 :
Stay Bullish on Nifty Fut till it holds 6057.
Nifty Fut will face stiff resistance at 6196-6219 levels crossing & sustaining above which, it will touch 6284 & 6329.
But, If fails to cross 6221, Will be in a trading range 6055-6221.
Strong support lies at 6045-6055. Only if it breaks & sustains below 6040, it may touch 5937 & 5819.
Strategy should be to Buy on dips around 6040 till it does not break 6030.
Last Week's Stock Ideas :
Start Booking IFCI & IFCI 70 CA which was recommended as a buy in Last View. (Recommended around 59-60 week back hit 73+ & IFCI 70 CA...1 to 5++ Lot size 4000)...Book partial & hold remaining.
Last Week advised to Buy National Aluminum around 400 hit 425++ a return of 6%
The Week ahead !!!!
Short Term Buy: Hold Redington advised to buy in dips. (Also Bought previously around 82-83 and booked around 97-98)
Also Keep an eye on ICSA (CMP 130). This particular stock has not participated in the Entire Rally. Infact it has made a South-Wards Movement. Accumulate it on dips. Can give us a decent 10-15% upside.
Jindal Drilling (CMP 550) If holds 520 may move upto 600++
Sun Pharma Advance Research Company (SPARC) - (CMP 91/92) If holds 86 on closing basis, can give us a 10-15% upside....
Regards,
Team Market View Investments,
9987750901
No comments:
Post a Comment