MARKET MOVEMENT WEEKLY - 13.07.2015 TO 17.07.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 13.07.2015 TO 17.07.2015

NIFTY FO RANGE @ 8303 TO 8484 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8376 AS ON 10.07.2015..!! NIFTY FO has resistance at 8397 – 8409 Level; above which other resistance levels are at 8419 – 8430 Level with highly Volatile Trend, In Downside support levels are at 8344 – 8330 Level; below 8330 Level, other support levels are at 8316 – 8303 Levels. I am positive for next week above 8430 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 8430 Level, again then the upper side target is quite high and it may touch 8484 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 14.07.2015 TO 18.07.2015

                                                                                                                                                          
1. ACC FO (1461): It is suggested to buy @ Rs 1450 with SL of Rs 1424 for the target of Rs 1481 – 1490; below Rs 1424 it can fall up to RS 1413 – 1404 levels. If it crosses Rs 1490 level than expect nonstop rally up to Rs 1507...!!

2. CIPLA FO ( 653 ): Operator based Game start in this stock, Buy @ Rs 636  With SL of Rs 626 for the target of Rs 669 – 676 level below Rs 626 it can show further downfall up to Rs 613…!!!

 3. RAJ TV ( 60 ): Buy delivery of this stock near @ Rs 56 with SL of Rs  51 for the target of Rs 69 – 73 level. It is very good for medium term position also…!!! 

4. NITIN ALLOYS ( 53 ): This stock is looking very good to buy @ Rs 51 with SL of Rs 46 for the target of Rs 61 –  66 Levels below Rs 46 is stock shall witness free fall…!!!

5. BHARTI TELE ( 421 ): Buy @ Rs 416 levels considering minor support of Rs 413 and stop loss of Rs 406 for an upper target of Rs 439 – 444 levels. Below Rs 406 it can slip up to RS 393 – 388 levels…!!!

6. TATA MOTORS ( 403 ): Operator based buying has been there in this stock. Buy @ Rs 396 with SL of Rs 388 for the target of Rs 417 – 424 levels it is very good for long term position also…!!!

7. SKS MICRO ( 502 ) : Trading point of view BUY @ Rs 493 With SL of Rs 486 for the target of Rs 519 – 530 level below Rs 486 It can show further downfall up to Rs 473 …..!!!

8. STARDELTA ( 80 ): Buy delivery of this stock near @ Rs 77 with SL Rs 73 for the target of Rs 88 – 93 level. It’s very good for long term position also…!!!

9. MENAN PISTON ( 178 ): For medium term buying is suggested @ Rs 168 with SL Rs 163 for the target of Rs 193 – 202 level. Below Rs 163 it can show further downfall…!!!

10. RELAINCE ( 1003 ) : It is suggested to SELL with SL Rs 1019 for the target of Rs 990 – 976 below @ Rs 976 it can slip up to Rs 964 – 950 level. Above Rs 1019 level will take the stock to Rs 1024 - 1033…!!!