MARKET MOVEMENT WEEKLY - 20.07.2015 TO 24.07.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 20.07.2015 TO 24.07.2015

NIFTY FO RANGE @ 8530 TO 8730 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8630 AS ON 17.07.2015..!! NIFTY FO has resistance at 8668 – 8686 Level; above which other resistance levels are at 8709 – 8730 Level with highly Volatile Trend, In Downside support levels are at 8603 – 8585 Level; below 8560 Level, other support levels are at 8533 – 8516 Levels. I am positive for next week above 8730 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 8730 Level, again then the upper side target is quite high and it may touch 8760 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 20.07.2015 TO 24.07.2015

                                                                                                                                                           
1. CIPLA ( 686) : It is suggested to buy @ Rs 677 with SL of Rs 660 for the target of Rs 703 – 714; below Rs 660 it can fall up to RS 646 – 630 levels. If it crosses Rs 717 level than expect nonstop rally up to Rs 733...!!

2. TECH MAHINDRA ( 496 ) : Operator based Game start in this stock, Buy @ Rs 486 With SL of Rs 480 for the target of Rs 509 - 519 level below Rs 486 it can show further downfall up to Rs 474…!!!

 

3. HIND ZINC ( 164) : Buy delivery of this stock near @ Rs 156 with SL of Rs  144 for the target of Rs 174 – 180 level. It is very good for medium term  position also…!!!

4. TATA COMM ( 472 ): This stock is looking very good to buy @ Rs 464 with SL of Rs 447 for the target of Rs 489 –  496 Levels below Rs 444 is stock shall witness free fall…!!!

5. ZEE ENT ( 377 ) : Buy @ Rs 369 levels considering minor support of Rs 360 and stop loss of Rs 353 for an upper target of Rs 383 – 393 levels. Below Rs 353 it can slip up to RS 344 – 330 levels…!!!

6. SUN PHARMA ( 949 ) : Operator based buying has been there in this stock. Buy @ Rs 929 with SL of Rs 919 for the target of Rs 964 – 979 levels it is very good for long term position also…!!!

7. BHARTI TELE ( 425 ) : Trading point of view BUY @ Rs 414 With SL of Rs 409 for the target of Rs 444 – 460 level below Rs 409 It can show further downfall up to Rs 396 …..!!!

8. ONGC ( 292 ) : Buy delivery of this stock near @ Rs 286 with SL Rs 274 for the target of Rs 303 – 313 level. It’s very good for long term position also…!!!

9. TVS MOTORS ( 263 ) : For medium term buying is suggested @ Rs 251 with SL Rs 244 for the target of Rs 279 – 288 level. Below Rs 244 it can show further downfall…!!!

10. HDFC ( 1331 ) : It is suggested to SELL with SL Rs 1360 for the target of Rs 1316 – 1306 below @ Rs 1306 it can slip up to Rs 1296 – 1288 level. Above Rs 1360 level will take the stock to Rs 1376 – 1393..!!!