As mentioned in my previous many article.
BUY Only Silverrrrrrr…… on this Dhanterassssss.
This will surely give u much more returns than the gold. The use of Silver in the industrial area will surely keep on increasing but will never fade out. Last time I had given a buy on this commodity, when it was trading at $17 now its trading nearly at $24.50. Buy with a long term prospective.
As this week we have only 4 trading days available, but the volume loss with 1 trading day will be surely recovered tomorrow itself with the listing of Coal India IPO. Premium for the stock is Rs.38-40
RBI hiked reverse repo and repo rates by 25 bps at 5.25% and 6.25% respectively. CRR has been left unchanged at 6%. FY11 GDP forecast remains unchanged at 8.5%.
The real estate stocks fell on Thursday after the central bank tightened the provisions for housing loans. Imposing a ceiling on the loan-to-value ration and the higher provisioning requirement for teaser rates will have an impact on the residential segment in the short term. The RBI capped the loan-to-value ration for housing loan exposure at 80% from 85-90%, increased the risk weight for residential housing loans worth Rs.75L and more to 125% and raised the standard asset provisioning by commercial banks for teaser home loans to 2% to 0.5%.
The day the Indian markets started moving upside, we left behind the US issues. No one’s talking about the issues still prevailing in the US markets. Unemployment rate this week is at 26year high. Housing prices are still its low. Even the Nouriel Roubini, the New York University professor who predicted the global crisis believes that the US will grow at a lower pace at 1% or even low and the Japan is the country which is an accident waiting to happen. Risk of Double Dip recession remains. The dark clouds are still not our from the international markets. There are still lot of bank going the bankruptcy way.
As this week the Informed investor paper is printed on Thursday, the below mentioned calls are updated as of Wednesday s close.
After a negative close on the last day of the week ended 29th Oct 2010. Indian markets opened with great strength on Monday and close once again above the 6000 levels. On Wednesday Nifty closed up 41 points at 6160 after making a high of 6182. Sensex closed at 20465 up by 120 points on Wednesday.
The Head and Shoulder pattern which was in the formation in the Nifty Daily chart has been broken and Nifty closed above the marked trendline. RSI had also given a buy signal and the MACD is in the process of giving a breakout signal. RSI have taken a good support at the trendline and turned positive. Confirmation will come only after 2 days trading session only. Nifty will continue to face stiff resistance 6186-6200-6220 levels. Close above 6240 may take the Nifty to new levels. Support is at 6080 levels.
As mentioned in my previous many article.
BUY Only Silverrrrrrr…… on this Dhanterassssss.
This will surely give u much more returns than the gold. The use of Silver in the industrial area will surely keep on increasing but will never fade out. Last time I had given a buy on this commodity, when it was trading at $17 now its trading nearly at $24.50. Buy with a long term prospective.
Last weeks call
Buy Adani Ent above 712 SL 704. made a high of 782.90
Sell Biocon below 405 tgt 391-386 SL 411. Did not trigger.
Sell Cromptom below 317 tgt 305 SL 325. Did not trigger.
Sell Hdil below 244 tgt 236-232. Did not trigger.
Buy Icici bank above 1169 SL 1163. made a high of 1255.
Sell Rilinfra below 1032 SL 1047 tgt 1007. Did not trigger.
This weeks call
Buy united Spirit with a SL of 1475.
Sell united Spirit below 1475 tgt
Buy Torrent Power with SL of 295 tgt 320.
Sell Tcs close below 1050 SL 1060.
Buy Tata Steel above 611. SL of 601.
Buy Axis Bank above 1543 tgt 1552-1565.
Buy Baja Auto with a SL of 1575 tgt 1596-1606.
Buy Hdfc bank above 2380 SL of 2371.
Buy Hdfc above 718 SL of 712.
I came across a SMS that says:
It’s a Black Magic week for 3 reasons.
- Coal India Listing (Black Color)
- Amavaysa (Black Day)
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