Good morning.

Dear friends,

Whew!! ….

….whoa!!!!

Marketmen had a big see-saw ride!! Bulls have given a show strength and are not ready to let go off the reins of control. Today, sensex needs to close above 11831 to continue it’s upward journey in the coming week. Support exists at 11698, 11560 & 11518. Resistance at 12051 needs to be surpassed.

Yesterday saw a test of strength and most of the stocks which are in bull grip passed the test with flying colours.

Bpcl – is the stock to watch in coming weeks. Being an oil refining company has underperformed the market. But we believe now the worst is over for this stock. It has found huge amount of support at lower levels and is not ready to crack. Maintain a stoploss below 424. A close above 440 will take it to 470 in extreme short term. Above 475, stock will zoom to 530 in no time.

Federal bank – buy with stoploss placed below 200. Above 211 stock is on it’s way to 300 mark in extreme short to short term.

Zee tele – is in a strong bull grip. Stock will surely give you a 20% return in extreme short term.

Niit ltd. – buy for a target of 315 in next few days. Above 315, do not sell below 350 in any case. A strong buy for short, medium & long term. Buy and add more at every decline. 400 is the next logical target.

Gitanjali gems has given an excellent breakout on charts!! Watchout!!

Matrix labs – buy with major stoploss placed at 270. Stock is ready to paint the street red. A very strong buy at current levels. Stock will be a hot property above 300, expect a non-stop move upto 350 mark in short term.

Other hottest stocks – escorts, chambal fertilisers, nagarjuna fertilisers, biocon, guj. Alkalies, educomp, ajanta pharma, hotel leela & abg shipyard.

Consider entering repro above 210 only. For smart & superlative gains.

Have a nice day!

Best regards,

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