Corporate financial results, States assembly election results, and Be cautious lot of negative news items on pending.
BSE Sensex / 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 at Rs 140, immediately hit Rs 126. Don't long in this counter.
Talwalkers recommended to long at Rs 240, touched the intraday high Rs 253.
We commit provide best stock recommendations.
Active stocks analysis
Bharat Rasayan: Leading manufacturer, buyer, exporter, trader of chemicals and pharmaceutical raw materials company.
Stock trading now at Rs 150. Sell above Rs 155 with strict stop loss of Rs 165. Immediate target is Rs 130 and below. Yesterday also recommended this scrip to trade.
Why Sell: Stock price suddenly jumped in last few trading sessions without any strong company news. Facing strong resistance at Rs 150 level. Expecting the sudden selling. Yesterday touched the Rs 126 and recovered by short cover.
Microsec Financial Services: It is a financial services company engaged in the business of financing, investment, investment banking, stock brokerage, wealth management, insurance broking, financial planning and related services.
Stock trading now at Rs 45. Buy at current market price with strict stop loss of Rs 42. Immediate target is Rs 60 and above.
Why Buy: Stock price suddenly jumped in last trading session from Rs 41 to Rs 45, technically strong closing. Strong support at Rs 40 level with buying interest. Equity shares allotted above Rs 110 in 2010 through IPO.
Risky investment
Vishal Retail Ltd: Engages in the retail of garments, accessories, textiles, FMCG and operates hyper market retail stores 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.
Risk factor: High interest costs and industry competition.
Active Stocks
Sujana Tower, Kiri Industries, Shriram Transport Finance Company, Indiabulls Real Estate, Cement stocks, Finance and Banking stocks.
Why waste your hard cash to paid calls? No analyst can provide 100% accurate calls. Did you know ? 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. Start own research and analysis.
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Updated on 05-May-2011, 8.40 AM.