Wednesday, February 3, 2010

Post Market Analysis for 3RD OF FEB. (Free stock recommendation for 4th FEB)


                    The Money Expert  






 Post Market Analysis for 3rd feb
 


Dear readers,

Indian Markets today opened in gap up followed by global cues, Asian in particular.  Nifty Was Trading firm throughout the day, This also comes as relief rally to investors after last week's blood bath.


In all a wonderful markets today Nifty saw good volumes, but over all breadth of market was extremely positive. Mid cap and Small cap stocks were recovered significantly. Though Nifty came off its highs and closed near 4922.Stocks like JSW steel, RNRL and M&M. Lead the gainers list.


Nifty (provisional) closed near 4922 up 100 points and Sensex (provisional) closed near 16490 up 327 points from previous close, BSE small cap closed up 1.1% and BSE mid cap closed up 1.5 %.

 

As recommended Nifty above 4890 it can test 4945, it happened the same way and Nifty crashed by more than 30 pints after making a high of 4949.


Our Recommendations for today:

  • Mc dowell holdings: from 97 to 98.5
  • Walchand nagar: from 261 to 266
  • Rmedia: from 91 to 86.5
  • BGR energy: from 509 to 519 and made a high 526
  • SBT: from 638 to 644
  • Nifty: from 4827 to 4808.

 

Our calls Bharti ship and gold tech could not perform well.

 

Stocks to watch on:

Yesterday I wrote to watch only Nifty not any other stock, now hope you understood the reason and see Nifty closed up over 2%, better than most of the Index stocks.


Tomorrow watch ABG shipyard, Astec Life science and Educomp.           

 

Stock to buy for Thursday:

Buy Astec life science above 68 for the targets of 69 to 72 SL 67.

 

Nifty for Thursday:

Nifty above 4955 can touch 5000 and thereafter can reach 5035, but it looks unlikely for Nifty to extend its gains beyond these levels, traders can use this opportunity to exit all the junk stocks. On the downside 4850 remains a strong support zone.

 

For Free Stock tips please add indianmoney11@yahoo.com in your yahoo messenger.

 



   

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