Tuesday, January 19, 2010

Post Market Analysis for 18th jan. (Free stock recommendation for 19th)




 .Post Market Analysis for 18th jan  

Dear Readers,

Indian Markets today started on a Negative side, but the choppiness continued from yesterday's close. Nifty was trading Positive and Firm all through the day, it closed on a firm, but most of the day markets were choppy, midcaps and small caps continued their rally.

Global cues where not encouraging either most of the international markets where trading in deep red. Nifty managed to trade firm on the back of strong results of technology major TCS and gas major GAIL.

Nifty and Sensex closed at 17,641 up 87 points and 5275 up 23 points respectively. Midcap and small cap index both were up 0.4% and 0.63% respectively. Keeping all round market breadth positive.

 

Our Recommendations:

We recommended NFL on Friday; above 82 today it touched our target of 90. In Second half, hope most of you made the most of it.

 

Our Live Market call:

 ABG ship, Dalmia cement,Torrent pharma Achieved the targets and Gruh finance and NIIT triggered stop loss , though our ABG recommendation did exceptionally well hitting an 52 week high of 333.

 

Yesterday we wrote:

Nifty Resistance seen at 5295 and 5327, Nifty tried to breach this figure of 5255, but was not successful.

Tuesday: Sterlite tech, Canara bank

 

Stock to buy:

Buy   Canara bank above 394 for the targets of 397 to 403 with stop loss 391

 

 Nifty Tuesday : Resistance: 5295 – 5327, Support: 5230 - 5180

 



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