Nifty : Nifty long was initiated at 8275 (NF 8365) & in last 4 sessions nifty's move of almost 330 point has proved accuracy in market prediction.Still nifty is looking good & can test higher levels. Above 8640 targets will be 8720-30 to 8840-8850. Above 8850 nifty can target fresh highs.Good support exists at 8550-20 to 8470-8450.
Stocks To Watch
Last week we recommended 3 stocks Arvind, Voltas & Tata Chemical for 3-5% moves.Arvind Fu did 264 to 272, Voltas Fu did 288 from 275, Tata Chemical fu hit 420 to 448 ,
Our Open calls Century tex Fu hit 574 to 686, SKS micro hit 419 to 472, Motherson Sumi Fu hit 472 to 522, REC fu 322 to 341,
During the week we gave 2 fresh calls Biocon & Reliance. Biocon hit 430 to 475, While Reliance hit 810 to 840+.
In cash segment Marksans Pharma was advised for investment with a price target of 68-72 in short term, stock did 67+ in just 2sessions.
For next week keep eyes on BankIdia, CESC, SKSMicro, REC, DLF(above 163)SRTRANSFIN. Detailed analysis for paid subscribers.
