Hi,
Market Technicals for the next 5 Trading Days
Indian Markets Technicals
We expect Nifty & Sensex to touch 5490 & 18322 above 5426 & 18067. If the markets moves below 5426 & 18067 levels, then it will try to touch 5362 & 17811 levels.
Economy
We expect the price of Ginger to rise by 43-45% annually for next 4-5 years. We also expect the price of Peas Green to rise by 13-15% annually for next 4-5 years.
Derivatives Calls
Futures (Weekly)
Sell Nifty August’10 at current levels with a target of 55426.00 & with a stoploss above 5468.00.
Sell BankNifty August’10 at current levels with a target of 10231.00 & with a stoploss above 10462.00.
Very Long Term Delivery Calls (1-2 Years)
We strongly recommend a buy on TVS Motor Co. Ltd. at current levels with a long-term target of 350.00.
We strongly recommend a buy on UCO Bank at current levels with a long-term target of 221.00.
Long Term Delivery Calls (4-6 Months)
We strongly recommend a buy on Super Crop Safe at current levels with a long-term target of 16.00.
We strongly recommend a buy on Automotive Axles Ltd. at current levels with a long-term target of 626.00.
Medium Term Delivery Calls (3-4 Months)
We strongly recommend a buy on BASF India Ltd. at current levels with a medium-term target of 605.00 & with a stoploss below 422.00.
We strongly recommend a buy on Bata India Ltd. at current levels with a medium-term target of 390.00 & with a stoploss below 238.00.
Short Term Delivery Calls (1-2 Months)
Buy Bayer Cropscience Ltd. at current levels with a short-term target of 1062.00 & with a stoploss below 867.00.
Buy BEML Ltd. at current levels with a short-term target of 1090.00 & with a stoploss below 1017.00.
Very Short Term Delivery Calls (5-10 Days)
Buy IndusInd Bank Ltd. at current levels with a very short-term target of 222.00 & with a stoploss below 208.00.
Buy Indl. Devp. Bank of India at current levels with a very short-term target of 127.00 & with a stoploss below 120.00.
Buy Infosys Tech. Ltd. at current levels with a very short-term target of 3003.00 & with a stoploss below 2828.00.
Sell Infra. Devp. Finance Co. Ltd. at current levels with a very short-term target of 174.00 & with a stoploss above 188.00.
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