Company financial results, State assembly election results, and Be cautious lot of negative news items on pending.
BSE Sensex / SP NSE Nifty
CNX Nifty technical level is 5,500 to 6,000 points. BSE Sensex technical level is 18,000 to 20,000 for May 2011. If indices break these levels, be cautious.
Performance of recommendations
Bharat Rasayan recommended to sell, immediately touched Rs 137(intraday low). Don't long in this counter.
Shriram transport finance mentioned in hot stocks, stock fall from Rs 670 to 610 level.
Our aim is provide best stock recommendations.
Short term picks
Reliance Communications: Reliance communications is one of the leading telecom service provider in India. Provides services in both GSM and CDMA segments. Also providing DTH(Direct To Home) satellite television services, Broadband internet connection services. This company belongs to prestigious ADAG group, one of the top Indian business house.
Stock quoting now at Rs 90. Buy at current level with stop loss of Rs 75. Target price is Rs 110 to 120 in one month.
Why Buy: Historical stock price shows steady supports and resistances. Quoting near 52 week low of Rs 85. If price goes down to new low can jump suddenly 20 to 30 percent.
Atlanta: Atlanta is a value focused and asset based infrastructure company. Business segments of company, infrastructure, construction, mining and realty.
Stock trading now at Rs 75. Buy at current market price or lower level with strict stop loss of Rs 60. Immediate target is Rs 100 in one menth.
Why Buy: Stock price crashed in last two weeks from Rs 130 to Rs 75. Stock has strong buying interest at Rs 70 level. Buy small quantity if any volatile market condition.
Medium term pick
Vishal Retail Ltd: Vishal Retail engages in the retail of garments, accessories, textiles, FMCG and operates hyper market retail business in India.
Invest at Rs 30 level with stop loss of Rs 20. Price target is Rs 50 and above.
Reason to invest: See the price history fall from above Rs 500 to Rs 30 level. Fast growing retail sector company already stake captured by private equity firms at higher than current market price(CMP).
Risk factors: High interest costs.
Active stocks
Piramal Life Sciences, Jyoti labs, HDIL, Sujan tower, Marico, Ranbaxy and Real estate stocks.
Why waste your hard cash to paid service? No analyst can provide 100% accurate service. Did you know ? Average successful rate of stock market tips is 60% to 70%. If any analyst / expert / stock-broker / adviser / tips provider says above 75% accuracy stock tips with guarantee, Don't believe it. Start own research and analysis.
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Updated on 6-May-2011, 8.45 AM.