MARKET MOVEMENT WEEKLY - 10.08.2015 TO 14.08.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 10.08.2015 TO 14.08.2015

NIFTY FO RANGE @ 8517 TO 8680 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8599 AS ON 08.08.2015..!! NIFTY FO has resistance at 8619 – 8630 Level; above which other resistance levels are at 8647 – 8660 Level with highly Volatile Trend, In Downside support levels are at 8585 – 8547 Level; below 8547 Level, other support levels are at 8530 – 8517 Levels. I am positive for next week above 8660 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 8660 Level, again then the upper side target is quite high and it may touch 8680 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 13.07.2015 TO 17.07.2015

                                                                                                                                                           
1. BATA INDIA (1177): It is suggested to buy @ Rs 1166 with SL of Rs 1155 for the target of Rs 1188 – 1199; below Rs 1155 it can fall up to RS 1144 – 1133 levels. If it crosses Rs 1208 level than expect nonstop rally up to Rs 1230...!!

2. HPCL ( 980 ): Operator based Game start in this stock, Buy @ Rs 970 With SL of Rs 960 for the target of Rs 999 - 1009 level below Rs 960 it can show further downfall up to Rs 950…!!!

  

 3. INDIAN HOTEL ( 93 ): Buy delivery of this stock near @ Rs 90 with SL of Rs  86 for the target of Rs 101 – 108 level. It is very good for medium term position also…!!!

4. TORRENT POWER ( 172 ): This stock is looking very good to buy @ Rs 166 with SL of Rs 157 for the target of Rs 183 –  197 Levels below Rs 147  is stock shall witness free fall…!!!

5. TITAN ( 333 ): Buy @ Rs 320 levels considering minor support of Rs 313 and stop loss of Rs 303 for an upper target of Rs 344 – 360 levels. Below Rs 303 it can slip up to RS 296 – 288 levels…!!!

6. WIPRO ( 572 ): Operator based buying has been there in this stock. Buy @ Rs 565 with SL of Rs 555 for the target of Rs 588 – 600 levels it is very good for long term position also…!!!

7. IOC ( 430 ) : Trading point of view BUY @ Rs 420 With SL of Rs 414 for the target of Rs 449 – 460 level below Rs 404 It can show further downfall up to Rs 396 …..!!!

8. FEDERAL BANK ( 67 ): Buy delivery of this stock near @ Rs 60 with SL Rs 50 for the target of Rs 70 – 83 level. It’s very good for long term position also…!!!

9. KTK BANK ( 147 ): For medium term buying is suggested @ Rs 133 with SL Rs 127 for the target of Rs 155 – 163 level. Below Rs 111 it can show further downfall…!!!

10. LUPIN ( 1695 ) : It is suggested to SELL with SL Rs 1707 for the target of Rs 1688 – 1680 below @ Rs 1680 it can slip up to Rs 1670 – 1666 level. Above Rs 1711 level will take the stock to Rs 1717 - 1722…!!!