Wednesday, January 23, 2013

Short Term / Positional Recommendations

Looking forward to the Union Budget for 2013-2014 we recommend following stocks for short term investment.

AMBUJA BUY Abv 202.5

CAIRN BUY SL 323

HDFCBANK BUY SL 645

JINDALSTEL BUY SL 420
PNB BUY at declines SL 848
RANBAXY BUY at declines SL 460

SESAGOA BUY SL 180

SIEMENS BUY SL 635
TATAMOTORS BUY SL 310
TATAPOWER BUY SL 103
TATASTEEL BUY SL 405
ULTRACEMCO BUY ABV 2001



Review of Recommendations given on 28th Dec. 2013


Ambujacem sl 195 Trg 210(CMP 202) (Hit a high of 208.5 on Jan,03)

Axisbank (abv 1380) sl 1340, Trg 1435 Made high of 1431 on Jan,15


Bhartiartl sl 303, Trg 324 (CMP 367)


BPCL sl 340, Trg 388 (Hit high of 449 on Jan,21)


DLF (abv 230) sl 221, Trg 244 (Hit high of 263.75 on Jan,18)


Gail sl 340, Trg 370 (Hit a high of 395.85 on Jan,18)


ONGC sl 260, Trg 280 (Hit a high of 355 on Jan,18)


Ranbaxy sl 498, Trg 520 (Hit a high of 522.9 on Jan,03)


Siemens sl 660, Trg 695 (Hit a high of 695.7 on Jan,04)


Tatapower sl 104 Trg 118 (Hit a high of 112.55 on Jan,03 but still sl not triggered, we recommend to hold with a strict sl of 103)



Discalimer: This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. By using this site you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions.The sent and or published recommendations are not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used forthe development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either (IFCL) and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication. 
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Friday, January 11, 2013

Infy failed to hold the steam of bull market on weekly basis.

Nifty ended below 5950 first time in the year 2013.


Infy the IT giant declared its Q3 results which were flat (2369 cr Vs 2369 cr QoQ basis), ET now poll expecting around 2250 cr and this thing gave a fantastic 2 digit % jump for the stock in opening session which lead to 17.04% on closing note. Spot Nifty ended at 5943.55 down by 25.1 points whereas Sensex lost 24.21 points to end at 19639.34. Among BSE sectoral indices, IT gained the most by 9.34% followed by BSE Teck and FMCG was the top loser by 2.47%.
In Nifty50 stocks, Infy gained the most and ended at 2718 whereas Hindunilvr was the top looser which declined 4.08% to end at 495.5.
Suzlon was the turnover topper by the quantity traded and Infy by the value traded on NSE.
Advance/Decline Ratio was negative by 3.45 : 1 as 1137 stocks declined and 330 stocks gained today on NSE.

Nifty Outlook :
Spot Nifty has broken important level of 5970 whereas Nifty Fut. has closed below 6000 mark and could be consider a negative sign as a short term bullish trend has broken. Now short positions in Nifty Fut can be hold with a stop of 6040 targeting 5920-5890.
Nifty Fut.
Major Support 5870
Resistance : 6040

Saturday, January 5, 2013

Nifty closed above 6000 mark on weekly basis.

5th Jan,2013
Yesterday market sustained the steam of 6000 mark for the whole week. Nifty ended with 4.15 points' gain and ended at 6013.65 whereas Sensex gained 5.62 points to end at 19770.40.

Nifty Outlook :
Technically, Nifty(Fut.) closed above 6000 with a higher closings since last 3 days including of today.
Q3 results which will start announcing from 9th Jan,13 with Indusind bank next week, also contain IT major, Infy which will be announced on 11th Jan,2013.
Major Support : 5870
Major Resistance : 6180