Good morning.

Dear friends,

Take risk ……..get rewards!!!

Investing or trading in markets is all about taking risks and weighing rewards. If risks are low and rewards are comparatively higher then one should invest. We at Forum4CA make sincere attempts to bring to you only those investments & trading ideas which are worth taking a risk.

Never buy into a stock where risk return ratio is equal or slightly higher. Always attempt to buy only into those stocks where risk is lower (stoploss is not much deep) and returns are more than 2 times the risk involved (targets are more than twice the risk involved (cmp less stoploss = risk).

Today, indices need to sustain above 12370 (3660) to remain buoyant. Targets on the upside are 12430 (3680) and 12500 (3700). Major resistance is at 12530 (3710) & if cleared substantially then expect 13000 in next few trading sessions.

Supports exist at 12310 (3645) and 12290 (3635). Do not, we repeat do not enter long trades if indices start trading below 12275 (3600).

Neyveli lignite is ready to ignite a huge rally. Investors & traders may buy this stock at current levels and at every declines for a first target of 88. Above 90 stock will be in new bull orbit and firing away to 95, 110 & ultimately to 130. Uptrend is threatened if closes below 76.

Add indusind bank upto 55 with stoploss placed at 54. Stock is consolidating after having risen a bit. Needs to cross 63 before we could see another bull run on this counter taking it to 68, 77 & 83 in extreme short term to short term.

Ge shipping is on fire! Stock is running towards 310 in extreme short term. Buy at lower levels upto 283 keeping stoploss at 281.

Gnfc is on the verge of a bullish breakout! Buy keeping stoploss below 126. Stock will fire on all cylinders on crossover above 131. First target at 136.50. On clearance of 139 expect 144, 148 & 154 in extreme short term.

Other hot stocks from frontline stocks – mah. Seamless, sci, ubi, canara bank, hero honda, ipcl, lic housing finance & karnataka bank.

Today, keep an eye on indraprastha gas & prime securities.

Have a nice day!

Best regards,

Disclaimer: [the above recommendations are based on the theory of technical analysis and do not reflect the fundamental validity of the scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]

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