Indian stock market calls-Nitin Gupta(23/june/09)

Posted Jun.22, 2009 under sensex

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Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio Management Services

Today’s Calls

Gain in Educomp continues

Educomp made a high of 3199 in today session up by 140 rs from previous close. We still maintain a hold in this stock for a tgt of 3250

Buy Sesa Goa

Sesa Goa’s all time high is around Rs 225, so each time it retraces to about Rs 175-180, that’s a stock you want to buy into because its stronger than the market. Once it takes out Rs 225 it will be in a whole new zone. One day, commodity correction will end and when these commodities – the base metal starts turning, Sesa Goa should be your number one stock. I would advise u to keep a stoploss of 170 and enter for a tgt of 229

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Buy Rnrl

If we see the technical chart of rnrl it s clearly shows strength above 84. I would advise all the investors to maintain a stoploss of 82 and go long for a tgt of 102 in 4 to 5 trading sessions.

Enter fertilizer stocks

This year the monsoon may delay by a couple of weeks but we should not forget that the budget is approaching in couple of weeks and we expect some good news for this sector. I would advise to enter Chambal and nagarjuna fertilizer at this level

Levels for nifty

There is absolutely no sign of short covering in nifty futures. It is expected to be in the range of 4120 to 4460 before budget

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Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information in this site are solely responsible for their actions.