Tips For Stocks Market

ViJiT

Vijith Pujari
Dear Investors

Try to Accumulate our 'OUTPERFORMER' rated call PETRONET LNG for Long Term Investment.[ we had already recommended this scrip few months back @ Rs.38/-]. We are Bullish on this scrip for Long Term and possible to shoot up coming days from the current level.

Those who are invested on Mutual Funds, we are advicing to stay invested on RELIANCE DIVERSIFIED POWER SECTOR FUND.
 

ViJiT

Vijith Pujari
SENSEX (BSE30): 9640


SENSEX showed weakness in first half and recovered back to show sideways moves for the third day in a row. Here the range is between 9665 to 9550 levels. For today if SENSEX maintains above 9660-65 levels; it can show rise up to 9700-15 levels; above which it can touch 9750/9800 levels too ahead. In downside support levels are at 9600 levels; below which it can slip up to 9550-40/9500/9450 levels.
The coming weak ahead is a week of results and performances... So it will be volatile week ahead. One should avoid new delivery holdings and look out for small trades in intraday moves.
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NIFTY (NSE50): 2914


Nifty showed weakness from higher levels but got support at 2878-80 levels and bounced back with same momentum and settled at higher levels of 2914. In up side resistance levels are at 2922/2930-34 levels; above which it can touch 2940/2950 levels. In downside support levels are at 2905-2900/2980-78 levels. Below which it can slip to 2866-62/2855-50 levels. Here Friday levels of 2880 will work as first support levels from here and negative move can continue below these levels only. Here although market is trying to show bullish move, but buying is suggested in Intraday moves only and delivery positions should be avoided for the time being...

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Expected moves of some Momentum stocks: -
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GAIL: 282.50: Buy with SL of 280 for the target of 285/287-88. Support levels are at 279-78/276-75 levels.

IPCL: 259.60: Buy in falls with SL of 255 for the target of 261-62/264-65. Support levels are at 258/255/253 levels.

RENUKA: 580.45: Buy if sustains above 575 SL 575-74 TGT 585-8/594/600 levels. Above 386-87 levels; avoid short positions...
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Some important facts regarding this newsletter: -
Keep the printout of this Newsletter with you, during trading hours. If possible keep it for 2-3 days too, for the follow up of past 3 days market moves and better understanding.
Always trade as per Nifty levels given in Newsletter. Mondays writing, normally includes Nifty's weekly Support and Resistance levels. Always keep it in back of your mind while trading.
Try not - to trade in haste. If you are not comfortable, Wait for first 15 min. in morning, and let the market get settled to cover unnecessary blind moves.
If a call do not performs today but not even triggering stop-loss (SL) can perform next day after some consolidation. (same is applicable for various targets).
Do not put/keep SL in Machine but cover it when price crosses those levels.
Best buying can be done; at mentioned Nifty support levels (SL next support levels) and Booking at resistance levels or vice versa.
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Disclaimers: - These recommendations are based on author’s personal observations & on the study of technical analysis and hence, do not reflect the fundamental validity of the script. Due care has been taken by the author while preparing these comments & outcomes, But still no responsibility will be assumed by the author/ Publisher for the consequences whatsoever resulting out of acting on these recommendations. You are advised to take your position with your best sense and judgment. This document does not claim for profits/Losses. Some Information, here with provided is obtained from the sources deemed to be reliable but is not guaranteed as to accuracy and completeness.
 
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