MARKET MOVEMENT WEEKLY - 27.07.2015 TO 31.07.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 27.07.2015 TO 31.07.2015

NIFTY FO RANGE @ 8230 TO 8509 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8540 AS ON 24.07.2015..!!

NIFTY FO has resistance at 8570 – 8609 Level; above which other resistance levels are at 8619 – 8640 Level with highly Volatile Trend,

In Downside support levels are at 8509 – 8490 Level; below 8490 Level, other support levels are at 8476 – 8430 Levels. I am positive for next week above 8640 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 8640 Level, again then the upper side target is quite high and it may touch 8686 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 29.06.2015 TO 03.07.2015

                                                                                                                                                         
1. HDFC ( 1358) : It is suggested to buy @ Rs 1333 with SL of Rs 1317 for the target of Rs 1373 – 1380; below Rs 1317 it can fall up to RS 1309 – 1296 levels. If it crosses Rs 1380 level than expect nonstop rally up to Rs 1404...!!

2. GLANMARK  ( 1050 ) : Operator based Game start in this stock, Buy @ Rs 1036 With SL of Rs 1027 for the target of Rs 1069 - 1077 level below Rs 1027 it can show further downfall up to Rs 1013…!!!

 

 3. DLF LTD ( 103 ) : Buy delivery of this stock near @ Rs 96 with SL of Rs  92 for the target of Rs 109 – 113 level. It is very good for medium term position also…!!!

4. HIND PETRO ( 913 ) : Operator based buying has been there in this stock. Buy @ Rs 903 with SL of Rs 893 for the target of Rs 939 – 949 levels it is very good for long term position also…!!!

5. ARVIND ( 303 ): This stock is looking very good to buy @ Rs 296 with SL of Rs 289 for the target of Rs 313 –  323 Levels below Rs 289 is stock shall witness free fall…!!!

 6. ADANI PORTS ( 323 ) : Buy @ Rs 316 levels considering minor support  of Rs 309 and stop loss of Rs 303 for an upper target of Rs 337 – 343  levels. Below Rs 303 it can slip up to RS 296 – 290 levels…!!!

7. JSW STEEL ( 845 ) : Trading point of view BUY @ Rs 830 With SL of Rs 823 for the target of Rs 861 – 873 level below Rs 823 It can show further downfall up to Rs 816 …..!!!

8. TVS MOTORS ( 251 ) : Buy delivery of this stock near @ Rs 246 with SL Rs 239 for the target of Rs 266 – 273 level. It’s very good for long term position also…!!!

9. HIND ZINC ( 164 ) : For medium term buying is suggested @ Rs 161 with SL Rs 156 for the target of Rs 171 – 177 level. Below Rs 154 it can show further downfall…!!!

10. SUN PHARMA ( 838 ) : It is suggested to SELL with SL Rs 858 for the target of Rs 813 – 808 below @ Rs 808 it can slip up to Rs 796 – 789 level. Above Rs 858 level will take the stock to Rs 867 – 880..!!!