MARKET MOVEMENT WEEKLY - 25.08.2015 TO 29.08.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 24.08.2015 TO 28.08.2015

NIFTY FO RANGE @ 8188 TO 8409 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8287 AS ON 21.08.2015..!! NIFTY FO has resistance at 8308 – 8330 Level; above which other resistance levels are at 8370 – 8409 Level with highly Volatile Trend, In Downside support levels are at 8230 – 8216 Level; below 8208 Level, other support levels are at 8188 – 8160 Levels. I am positive for next week above 8409 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 8409 Level, again then the upper side target is quite high and it may touch 8440 Level in short term...!!! 

GOLDEN STOCKS FOR THE PERIOD: 24.08.2015 TO 28.08.2015

                                                                                                                                                            
1. GLENMARK PHARMA (1209): It is suggested to buy @ Rs 1196 with SL of Rs 1187 for the target of Rs 1223 – 1230; below Rs 1187 it can fall up to RS 1176 – 1160 levels. If it crosses Rs 1230 level than expect nonstop rally up to Rs 1244...!!

2. HIND PETRO ( 859 ): Operator based Game start in this stock, Buy @ Rs 848 With SL of Rs 838 for the target of Rs 873 - 880 level below Rs 838 it can show further downfall up to Rs 818…!!!

 

 3. ALLHABAD BANK (88): Buy delivery of this stock near @ Rs 84 with SL of Rs 81 for the target of Rs 93 – 96 level. It is very good for medium term position also…!!!

4. POWER GRID CORP ( 132 ): This stock is looking very good to buy @ Rs 126 with SL of Rs 151 for the target of Rs 141 –  149 Levels below Rs 151  is stock shall witness free fall…!!!

5. ICICI BANK ( 295 ): Buy @ Rs 286 levels considering minor support of Rs 283 and stop loss of Rs 277 for an upper target of Rs 309 – 313 levels. Below Rs 277 it can slip up to RS 269 – 260 levels…!!! 

6. AXIS BANK ( 525 ): Operator based buying has been there in this stock. Buy @ Rs 509 with SL of Rs 496 for the target of Rs 551 – 560 levels it is very good for long term position also…!!! 

7. TITAN ( 343 ) : Trading point of view BUY @ Rs 331 With SL of Rs 323 for the target of Rs 356 – 364 level below Rs 323 It can show further downfall up to Rs 316 …..!!!

8. PTC ( 62 ): Buy delivery of this stock near @ Rs 60 with SL Rs 56 for the target of Rs 69 – 73 level. It’s very good for long term position also…!!!

9. CAIRN INDIA ( 142 ): For medium term buying is suggested @ Rs 136 with SL Rs 131 for the target of Rs 149 – 153 level. Below Rs 131 it can show further downfall…!!! 

10.  ACC ( 1398 ) : It is suggested to SELL with SL Rs 1414 for the target of Rs 1376 – 1361 below @ Rs 1361 it can slip up to Rs 1344 – 1326 level. Above Rs 1414 level will take the stock to Rs 1423 - 1440…!!!