Current Topics

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

Nifty On the recovery mode Before budget: But Stay Cautious
Nifty has given a sharp recovery yesterday despite the previous days fall. Although the stock prices has not appreciated much yesterday but still they are on the road to recovery. I would advise all of you to stay cautious before the union budget and try to square off 50 percent of yr positions which are in profit before 6th of July. This time the budget will be a populist one. Don’t expect too much from it.

Buy Bel
I have recommended this stock 10 days before, yesterday the stock has touched a intraday high of 1408. I would advise all of you to start fresh buying in this stock . Increase your position above 1441 which will act as a major hurdle for the stock. I would recommend to buy this stock for a short term price tgt of 1700. Keep a stoploss 0f 1280 because of the high volatility and stay long.

Don’t lose patience in JP Hydro
The stock price has corrected by 6rs after my call. Don’t be disheartened and have a bit of patience. The stock has saucer formation on the charts and technically very strong. Expect a huge buying in this stock before 10th of july. Stay long for a tgt of 108 – 124 and 143.

Expect a sharp move
Expect a huge price movement in Lic Housing Finance before budget. The stock is near to its 2year high. I would advise to stay long for a tgt of 680 and 700 any time.
Reliance Capital can also move sharply from its current levels to 1040. The stock is looking good on charts with a increased volume. It may face a mior hurdle at 960. Keep a stoploss of 900 and stay long for a tgt of 1000 plus very soon.

Nifty levels
The nifty has recovered sharply yesterday after a weak start but at end finding it difficult to sustain near 4350 levels. I would advise to stay long on nifty with a stoploss of 4290 and for a tgt of 4450 to 4500 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.

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