MARKET MOVEMENT WEEKLY - 28.09.2015 TO 02.10.2015

MARKET MOVEMENT WEEKLY - 14.09.2015 TO 18.09.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808 

PERIOD – 14.09.2015 TO 18.09.2015

NIFTY FO RANGE @ 7676 TO 7910 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 7785 AS ON 11.09.2015..!! NIFTY FO has resistance at 7809 – 7819 Level; above which other resistance levels are at 7833 – 7840 Level with highly Volatile Trend, In Downside support levels are at 7730 – 7703 Level; below 7703 Level, other support levels are at 7690 – 7676 Levels. I am positive for next week above 7840 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 7840 Level, again then the upper side target is quite high and it may touch 7910 Level in short term...!!!

GOLDEN STOCKS FOR THE PERIOD: 14.09.2015 TO 18.09.2015

                                                                                                                                                      
1. HDFC BANK ( 1011 ): It is suggested to buy @ Rs 996 with SL of Rs 977 for the target of Rs 1039 – 1047; below Rs 977 it can fall up to RS 964 – 956 levels. If it crosses Rs 1049 level than expect nonstop rally up to Rs 1061...!!

2. JSW STEEL ( 970 ): Operator based Game start in this stock, Buy @ Rs 959 With SL of Rs 949 for the target of Rs 993 - 1009 level below Rs 949 it can show further downfall up to Rs 933…!!!

 

 3. INDIA HOTEL ( 89 ): Buy delivery of this stock near @ Rs 86 with SL of Rs  83 for the target of Rs 93 – 99 level. It is very good for medium term position also…!!!

4. JK TYRE ( 108 ): This stock is looking very good to buy @ Rs 96 with SL of Rs 93 for the target of Rs 117 –  123 Levels below Rs 93  is stock shall witness free fall…!!!

5. COAL INDIA ( 334 ): Buy @ Rs 322 levels considering minor support of Rs 317 and stop loss of Rs 309 for an upper target of Rs 351 – 364 levels. Below Rs 309 it can slip up to RS 296 – 290 levels…!!!

6. TATA STEEL ( 233 ): Operator based buying has been there in this stock. Buy @ Rs 226 with SL of Rs 219 for the target of Rs 246 – 252 levels it is very good for long term position also…!!!

7. STATE BANK ( 231 ) : Trading point of view BUY @ Rs 226 With SL of Rs 219 for the target of Rs 241 – 250 level below Rs 219 It can show further downfall up to Rs 209 …..!!!

8. JINDAL STEEL ( 61 ): Buy delivery of this stock near @ Rs 56 with SL Rs 53 for the target of Rs 66 – 73 level. It’s very good for long term position also…!!!

9. POLARIS ( 164 ): For medium term buying is suggested @ Rs 156 with SL Rs 147 for the target of Rs 173 – 183 level. Below Rs 147 it can show further downfall…!!!

10. BATA INDIA ( 1022 ) : It is suggested to SELL with SL Rs 1049 for the target of Rs 1006 – 996 below @ Rs 996 it can slip up to Rs 990 – 976 level. Above Rs 1053 level will take the stock to Rs 1064 - 1073…!!!