Today trading strategy is flat or positive.
Outlook is bearish and volatile. We continuously recommended to avoid long, Nothing to say about Indian capital market. But one-thing must buy value scrips at lower level systematically to get short term gains.
Markets are still under bear grip. No government policies or financial reforms protects retail investors money. Always be care, reflects emotions of buyers / sellers. Different analysts/experts/brokers/firms says different types of targets, who is correct? Nobody predicts accurately, believe yourself first.
Following companies crashed in previous sessions. Why?, Who is the seller?, Why nobody bought at lower levels? Why the biggies...avoid buying?
GTL, GTL Infra, Unitech, IVRCL, LITL, KS OIL, Moser Baer, Punj Llyod, RCOM, RELINFRA, IB Real, GMR Infra, Patel eng, Voltas, Rolta, Educomp, etc...
BSE SENSEX - NSE NIFTY
| Index | Support | Resistance | Trend | Month |
|---|---|---|---|---|
| NSE NIFTY | 4500 | 5100 | Bearish | September 2011 |
| BSE SENSEX | 15000 | 17000 | Bearish | September 2011 |
Topics to Watch
Financial results, corporate actions and announcements.
Telecom scam, Promoter holding pledge, Alleged Mining, IT raids are most active news now.
Worst topics: Global financial crises, Rising Inflation, World economy slow down, Crude volatility, Rising bank rates, etc.
CBI investigations in many corporate houses, shares of the companies can free fall.
Investment Advice: We recommends avoid huge investments now. No panic, just wait and watch to invest. According to confidential capital market research reports, strong bear market ahead. Don't expect any Bullish targets for short term.
Did you know? above 90% of day traders loss their wealth in margin trading, please don't join in this list.
Performance
Bajaj Finserve, Reliance capital, Kiri Industries, Nitin Fire Protection, Advanta India, Gujarat NRE coke, Carol Info Services, IFB Agro, EIH, Dolphin Offshore, Ganesh housing...series of recent success tips.
We suggested to avoid realty shares, what happened to HDIL, IVRCL, NCC, DLF, etc...
Most of recommended securities performing well. See the latest posts to know the past performance of recommendations.
NSE BSE Technical Outlook - Intraday Recommendations
CCL Products (India) Limited
CCL Products is an export oriented company of import green coffee into India from any part of the world and vice versa.
Current stock price - Rs. 178.
Must buy at current lower level, with stoploss of Rs. 174.
Target price is 190 to 195.
This is intraday trading tip. Book profit at higher level.
KSK Energy Ventures Limited
Indian subsidiary of KSK Power Ventur plc, is a power project development company in India.
Current share price level - Rs. 101.
Must buy with stoploss of Rs. 98.
Target price is 115 to 120.
This is buy and hold pick. Hold for two or three days.
SKS Microfinance Limited
SKS Microfinance is India's largest and world's second largest Microfinance, non-banking finance company(NBFC) company.
Current market price level - Rs. 210.
Must buy with stoploss of Rs. 200.
Target price is 260 to 300.
This is short term investment idea. Recommended as pick of this week.
Update on 07-September-2011 before stock exchange open.