We may see a flat opening despite the 3% fall in oil prices overnight. The unusual weakness across global markets could dampen the mood
Keep eyes - Hpcl,ifci,Rcom
Buy Dish TV,Hind oil n timely book profits
Reliance Inds. may swing between Rs.2,217 and Rs.2,290. Buy stop is Rs.2,199 and sell stop is Rs.2,310. The key level is Rs.2,250.
Subscribe to know more
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Tuesday, August 5, 2008
Monday, August 4, 2008
IAEA approves by consensus a nuclear safeguards agreement with India
The immediate support and resistance for Nifty are
4216, 4155 / 4372, 4430
We expect the recent upward bias to continue in the short term, though
weak global markets could lead to a cautious opening today. With the
Indo-US nuclear deal moving ahead, the overall sentiment will remain
positive. Thereafter, we might see the main indices shed some gains ahead
of the outcome of the FOMC meet on Tuesday. Also, there could be some
profit booking after a four-week rally
Renuka Sugars (BUY, CMP Rs134, Target Rs145)
Reliance Industries (BUY, CMP Rs2,298, Target Rs2,450)
Long Yes Bank Aug Future @ Rs128.50 for the target price of Rs134 and stop loss placed at Rs125
Significant Rollovers were seen in JSTAINLESS,
NETWORK18, GTL, MAHSEAMLES and I-FLEX whereas
SASKEN, STERLINBIO, TULIP, BAJAJAUTO and
BHARTIARTL depicted very low rollovers
4216, 4155 / 4372, 4430
We expect the recent upward bias to continue in the short term, though
weak global markets could lead to a cautious opening today. With the
Indo-US nuclear deal moving ahead, the overall sentiment will remain
positive. Thereafter, we might see the main indices shed some gains ahead
of the outcome of the FOMC meet on Tuesday. Also, there could be some
profit booking after a four-week rally
Renuka Sugars (BUY, CMP Rs134, Target Rs145)
Reliance Industries (BUY, CMP Rs2,298, Target Rs2,450)
Long Yes Bank Aug Future @ Rs128.50 for the target price of Rs134 and stop loss placed at Rs125
Significant Rollovers were seen in JSTAINLESS,
NETWORK18, GTL, MAHSEAMLES and I-FLEX whereas
SASKEN, STERLINBIO, TULIP, BAJAJAUTO and
BHARTIARTL depicted very low rollovers
Friday, August 1, 2008
Subscribe to know more
Our Trading Call of THOMAS COOK was the stock of the Day , Oh God, What is This Hit 104 Mark, Even Severe market Conditions
We will open Gap down to -70 points nifty today yahooooooooooooooooooooo
To know more visit
http://www.freewebs.com/jgs-investments/marketwhisper.htm
We will open Gap down to -70 points nifty today yahooooooooooooooooooooo
To know more visit
http://www.freewebs.com/jgs-investments/marketwhisper.htm
Thursday, July 31, 2008
Market may turn volatile
Thomas cook Buy around 90 to 90.50 with Sl of 85 for a Target of 95.50 to 98.90 or Even 100+
Today, Nifty has support at 4,227 and resistance at 4,408 and BSE Sensex has support at 13,989 and resistance at 14,627.
Stock on radar - Cairn,Ranbaxy,Axisbank,M&M,Tatamotors
For buy or sell ,pls Subscribe NOW
Today, Nifty has support at 4,227 and resistance at 4,408 and BSE Sensex has support at 13,989 and resistance at 14,627.
Stock on radar - Cairn,Ranbaxy,Axisbank,M&M,Tatamotors
For buy or sell ,pls Subscribe NOW
Wednesday, July 30, 2008
BUY IT STOCKS like INFOSYS,SATYAM,WIPRO
Buy Sega goa,Bongaigaon Refinery, target for clients only
Some of the stocks that look interesting in today's trade are Punj Lloyd, Bag Films, TV Today Networks and Pyramid Saimira
After a bear day today.. now a bull day is waiting for you tomorrow. Lots of good news will give a positive effect to the market like Crude falling below 123 trading at 121, one more support is broken .. dollar trading good .. good for IT sector … and finally US market showing strength. Opening will be good and positive hope we don’t get any bad news before that, and also be careful at every resistance because at those levels we can see some profit booking if not crossed.
Any upside will immediately face resistance at 4200 it would be good if we open above this level then next target will be 4240 followed by 4280 and 4300. Downside 4168 on the Nifty spot should act as a first good support if we break this then we get next minor support around 4130 which can break easily if sustains there and can push further down to 4090 and 4075.
Lets talk something technically, I will not go much in technical terms but in simple terms for you people to understand .. the current downfall is good thing is we are filling up the gaps in the charts and second good thing is we have technically corrected the rally which took place from 12500 to 15000, in technical terms the word retrace is used for such. In this whole scenario 13425 – 13500 will form a good support. Short term will not have to worry as long as we stay above 13500, only a two close below 13400 can worsen the situation.
Trading strategy – Day trader can look to buy at the opening and should look to book 75% profit around 4240. Investor as we mentioned before around 3900 to put in your 30% cash keep investing in it.
Some of the stocks that look interesting in today's trade are Punj Lloyd, Bag Films, TV Today Networks and Pyramid Saimira
After a bear day today.. now a bull day is waiting for you tomorrow. Lots of good news will give a positive effect to the market like Crude falling below 123 trading at 121, one more support is broken .. dollar trading good .. good for IT sector … and finally US market showing strength. Opening will be good and positive hope we don’t get any bad news before that, and also be careful at every resistance because at those levels we can see some profit booking if not crossed.
Any upside will immediately face resistance at 4200 it would be good if we open above this level then next target will be 4240 followed by 4280 and 4300. Downside 4168 on the Nifty spot should act as a first good support if we break this then we get next minor support around 4130 which can break easily if sustains there and can push further down to 4090 and 4075.
Lets talk something technically, I will not go much in technical terms but in simple terms for you people to understand .. the current downfall is good thing is we are filling up the gaps in the charts and second good thing is we have technically corrected the rally which took place from 12500 to 15000, in technical terms the word retrace is used for such. In this whole scenario 13425 – 13500 will form a good support. Short term will not have to worry as long as we stay above 13500, only a two close below 13400 can worsen the situation.
Trading strategy – Day trader can look to buy at the opening and should look to book 75% profit around 4240. Investor as we mentioned before around 3900 to put in your 30% cash keep investing in it.
Monday, July 28, 2008
Get Ready for.....
Last 4 days to join us by paying just 12000/- for 6 months Subscribe NOW
Well said on Thursday that ICICI results are bad . Sell it ...today see the the effect
Rumors are ripe in the market that the government is willing to dilute 10-15 percent of its PSU holdings.This should boost the share prices of the PSU stocks listed on the exchanges. There are around 44 listed PSU stocks trading in the market.
According a pink paper report government has given a green signal to BSNL IPO and this will followed up with a merger with MTNL. So watch out for this scrip in early trade
MM Forgings Ltd has recommended issue of Bonus Shares in the ratio of 1:1.
BUY India bulls sec ,IMP Powers,Relaxo Footwear
After a five-day, 2300-point rally in the Sensex, the bulls decided to take stock of the situation. Hence, the correction in the last two days. Friday's serial blasts in IT hub Bangalore made matters worse. Sentiment may get hit further (albeit temporarily) by weekend blasts in Ahmedabad. History shows that stock markets have bounced back in the aftermath of terrorist strikes. We expect history to get repeated today. After a cautious to lower opening, things should start looking up again, especially if oil prices remain stable or fall further, and global markets hold up. Another positive could be the strong revival in monsoon, which should ease inflationary expectations.
Well said on Thursday that ICICI results are bad . Sell it ...today see the the effect
Rumors are ripe in the market that the government is willing to dilute 10-15 percent of its PSU holdings.This should boost the share prices of the PSU stocks listed on the exchanges. There are around 44 listed PSU stocks trading in the market.
According a pink paper report government has given a green signal to BSNL IPO and this will followed up with a merger with MTNL. So watch out for this scrip in early trade
MM Forgings Ltd has recommended issue of Bonus Shares in the ratio of 1:1.
BUY India bulls sec ,IMP Powers,Relaxo Footwear
After a five-day, 2300-point rally in the Sensex, the bulls decided to take stock of the situation. Hence, the correction in the last two days. Friday's serial blasts in IT hub Bangalore made matters worse. Sentiment may get hit further (albeit temporarily) by weekend blasts in Ahmedabad. History shows that stock markets have bounced back in the aftermath of terrorist strikes. We expect history to get repeated today. After a cautious to lower opening, things should start looking up again, especially if oil prices remain stable or fall further, and global markets hold up. Another positive could be the strong revival in monsoon, which should ease inflationary expectations.
Friday, July 25, 2008
Yesterday said hold 4300 nifty put BINDAAS , See now
To subscribe call 09821435805 or email at sheth_jg@yahoo.com
Boldly said .....
stbt short nifty kal -50 point khulega
Sell RelCapital sl 1420 tgt 1350
STBT nifty fut/icici bank/rel energy
Cairn India could be a dark horse. Buy around Rs.220 with a stop of Rs.215.80. The stock could witness some brisk action which will take it to Rs.228/232
Today's Pick - MTNL
We recommend a buy in Mahanagar Telephone Nigam Ltd (MTNL) from a short-term perspective. It is evident from the charts of MTNL that from its 52-week high of Rs 219, the stock tumbled steeply during January 2008. This down-move continued until the stock found support at Rs 83 in early July. Since then it has been charting a short-term uptrend. We notice that the stock has formed a falling wedge pattern (a bullish pattern), spanning over the past five months. On July 24, th e stock broke out of this falling wedge pattern by gaining 7 per cent with extraordinary volume. The stock is trading well-above its 21- and 50-day moving averages. The daily relative strength index (RSI) is featuring in the bullish zone. The weekly RSI is displaying a prolonged positive divergence and has entered into the neutral region from the bearish zone. The moving average convergence and divergence has entered into the positive territory. Our short-term forecast of the stock is bullish. We expect the stock to move up until it hits our price target of Rs 115 in the upcoming trading sessions. Traders with short-term perspective can buy the stock, while maintaining a stop-loss at Rs 98.
Boldly said .....
stbt short nifty kal -50 point khulega
Sell RelCapital sl 1420 tgt 1350
STBT nifty fut/icici bank/rel energy
Cairn India could be a dark horse. Buy around Rs.220 with a stop of Rs.215.80. The stock could witness some brisk action which will take it to Rs.228/232
Today's Pick - MTNL
We recommend a buy in Mahanagar Telephone Nigam Ltd (MTNL) from a short-term perspective. It is evident from the charts of MTNL that from its 52-week high of Rs 219, the stock tumbled steeply during January 2008. This down-move continued until the stock found support at Rs 83 in early July. Since then it has been charting a short-term uptrend. We notice that the stock has formed a falling wedge pattern (a bullish pattern), spanning over the past five months. On July 24, th e stock broke out of this falling wedge pattern by gaining 7 per cent with extraordinary volume. The stock is trading well-above its 21- and 50-day moving averages. The daily relative strength index (RSI) is featuring in the bullish zone. The weekly RSI is displaying a prolonged positive divergence and has entered into the neutral region from the bearish zone. The moving average convergence and divergence has entered into the positive territory. Our short-term forecast of the stock is bullish. We expect the stock to move up until it hits our price target of Rs 115 in the upcoming trading sessions. Traders with short-term perspective can buy the stock, while maintaining a stop-loss at Rs 98.
Subscribe to:
Posts (Atom)