Good morning.

Dear friends,

If you wish to grow….

….you need to change!!

Nothing but change is constant. One needs to see things in different perspective and then accept the current change. There are investors who are stuck with the notion that markets will correct and they will get an opportunity to re-enter at lower levels. These people have been left high & dry because they were not ready to accept the change.

Actually if you look back, then you will observe that markets have shifted it’s focus from frontline majors and have now also started eyeing smart stories in mid & small cap segments.

Today, indices will remain volatile if they move under 12360 (3645). Supports exists at 12246 (3622) & 12145 (3595). Resistances exists at 12464 (3675). Expect smooth upside ride above 12478 (3685), targets then would be 12585 (3701) & 12800 (3754).

Bpcl & other stocks from oil pack have moved as per expectations. Those who have positions in bpcl may book part profits at around 498 mark to re- enter at lower levels of 471 – 475. Also, be ready to re-enter if stock crosses 505 to sell at 522 – 528.

Bilt is looking hot & fiery. Stock ready to enter new orbit. Weekly close above 142 will confirm our view. A crossover above 145 mean short term target of 190 & 225. While medium to long term target is placed at 350. Best buy!!!

Bank of india & bank of baroda are looking extremely hot. Investors may start adding stock at every decline for targets of 190 & 390 respectively. Highly overbought in extreme short term. May correct after hitting 150 & 275. Use corrections to accumulate heavily. Both stocks are in major uptrend.

Prime securities – buy above 63 for one-way ticket upto 76. Above 80, will surely touch 95 in extreme short term.

Punjab chemicals – weekly close above 240 or intra-day crossover above 250 will mean 290+ in matter of days only. Highly bullish breakout on cards. Stock will achieve 420 in short to medium term.

Asahi india – huge delivery based buying on!!! Do not miss out on a major move in near future targetting 120 & 128 in extreme short term.

Hot stocks – tamil nadu petro (tpl), southern petro, united phosphorous, gruh finance & priyadarshini spg. Mills (psm mills)
Sleeping beauties – kernex microsystems, century enka, garden silk mills, visaka inds, banco products & punjab alkalies
Fresh bullish breakouts – sangam india, triveni engg, abg heavy inds. & educomp.

Have a nice day!!!

Best regards,

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