Financial results, States assembly election results, Impact of RBI credit policy and Be cautious lot of negative news items on pending.
BSE Sensex / NSE Nifty technical
CNX Nifty technical level is 5,500 to 6,000 points. BSE Sensex technical level is 18,000 to 20,000 for May 201. If indices break these levels, book profit at higher levels or be cautious.
Recommendations performance
Some recommendations not performed well as recommended. We commit provide best stock recommendations.
Active Stocks to trade / Short term
Bharat Rasayan: Leading manufacturer, exporter, buyer, trader of chemicals and pharmaceutical raw materials company.
Stock trading now at Rs 140. Sell at current market price or higher level with strict stop loss. Immediate target is Rs 120 and below.
Why Sell: Stock price suddenly jumped in last few trading sessions without any strong news. Facing strong resistance at Rs 140 level. Expecting the sudden selling.
Talwalkars Better Value Fitness: Health and fitness equipments company. This is the only listed company in this industry.
Stock trading now at Rs 238. Buy at current market price with strict stop loss of Rs 230. Immediate target is Rs 260 and above.
Why Buy: Stock price suddenly jumped in last trading session from Rs 220 to Rs 240, technically strong closing. Strong support at Rs 235 level with buying interest.
Risky investment
Vishal Retail: Engages in the retail of garments, textiles, accessories, FMCG and operates hyper market stores in India.
Invest at Rs 30 level with stoploss of Rs 20. Price target is Rs 50 and above.
Reason to invest: See the price history fall from above Rs 500 to Rs 25 level. Fast growing retail sector company already stake captured by private equity firms.
Risk factor: High interest costs and competition.
Active Stocks
Carol Info Services, Triveni Engineering, SREI Infrastructure, Lanco Infratech, JP Associates.
Why waste your hard cash to paid tips? No analyst can provide 100% accurate tips. Did you know the truth? Industry average successful rate of stock tips is 60% to 70%. If any analyst / expert / stock-broker / adviser / tips provider says above 75% accuracy tips with guarantee, Don't believe it.
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Update: 04 May 2011, 8.40 AM.