MARKET MOVEMENT WEEKLY - 22.06.2015 TO 26.06.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 22.06.2015 TO 26.06.2015

NIFTY FO RANGE @ 8133 TO 8370 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8247 AS ON 19.06.2015..!! NIFTY FO has resistance at 8288 – 8308 Level; above which other resistance levels are at 8333 – 8370 Level with highly Volatile Trend, In Downside support levels are at 8208 – 8188 Level; below 8188 Level, other support levels are at 8160 – 8133 Levels. I am positive for next week above 8370 Level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and it’s still a better strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remain cautious now...!!

If NIFTY crosses 8370 Level, again then the upper side target is quite high and it may touch 8408 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 22.06.2015 TO 26.06.2015

                                                                                                                                                           
1. HDFC LTD (1240): It is suggested to buy @ Rs 1227 with SL of Rs 1216 for the target of Rs 1261 – 1273; below Rs 1216 it can fall up to RS 1203 – 1193 levels. If it crosses Rs 1273 level than expect nonstop rally up to Rs 1290...!!

2. INDSIND BANK ( 833 ): Operator based Game start in this stock, Buy @ Rs 818 With SL of Rs 804 for the target of Rs 853 - 860 level below Rs 804 it can show further downfall up to Rs 793…!!!

  

 3. ANDHRA BANK ( 70 ): Buy delivery of this stock near @ Rs 66 with SL of Rs  62 for the target of Rs 77 – 83 level. It is very good for medium term position also…!!!

4. IDEA LTD ( 176 ): This stock is looking very good to buy @ Rs 171 with SL of Rs 164 for the target of Rs 183 –  188 Levels below Rs 164 is stock shall witness free fall…!!!

5. REL INFRA ( 365 ): Buy @ Rs 356 levels considering minor support of Rs 344 and stop loss of Rs 339 for an upper target of Rs 379 – 393 levels. Below Rs 339 it can slip up to RS 330 – 326 levels…!!!

6. LIC HUSING FIN ( 440 ): Operator based buying has been there in this stock. Buy @ Rs 434 with SL of Rs 424 for the target of Rs 459 – 464 levels it is very good for long term position also…!!!

7. TATA CHEMICAL ( 432 ) : Trading point of view BUY @ Rs 416 With SL of Rs 409 for the target of Rs 449 – 460 level below Rs 409 It can show further downfall up to Rs 396 …..!!!

8. IDBI ( 62 ): Buy delivery of this stock near @ Rs 59 with SL Rs 54 for the target of Rs 68 – 73 level. It’s very good for long term position also…!!!

9. ORIENTAL BANK ( 178 ): For medium term buying is suggested @ Rs 171 with SL Rs 164 for the target of Rs 188 – 193 level. Below Rs 164 it can show further downfall…!!!

10. HCL TECH ( 918 ) : It is suggested to SELL with SL Rs 939 for the target of Rs 898 – 888 below @ Rs 888 it can slip up to Rs 876 – 864 level. Above Rs 939 level will take the stock to Rs 949 - 960…!!!