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Technical Market View

Friday, March 5, 2010

The Nifty Daily

Please Note : (For intraday traders please book a profit on a

Rs. 1 - 2 - 3 gain from each stock , do not wait for all the

targets since targets mentioned are not only for Intraday

traders but also for delivery based investors/traders , Please

consider Stop losses mentioned. For succesful intraday

trading following our scripts mentioned below , the best buying

time would be early morning just after the early morning bell)


Buy

Wheels India with SL Rs.236 the stock shows an increase in

buying pressure from the start of this month, and one should

expect returns on this stock after March 2010. This Stock has

very strong support which lies at Rs.211. It is possible that you

may see gains on this stock within the month of March, we

suggest you book profits on a 5%-10% gain with news ahead,

or keep it in your portfolio for a month for a gain of

approximately 17%.

(Intraday) This stock can also be traded for intraday based

trade for the 5th march 2010 only. (Delivery Recommended)

For Intraday traders , please book profits on gains of Rs.2 or

Rs.3 on the stock .
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We would also suggest buying Welspun India, the current

market price for this stock is at Rs.90.3 ,

This stock should be only purchased at an exact price of

Rs.91.30 or a few cents above the price. eg. Rs.91.50- 91.70
with a target price of Rs.102 , Maintain Stop Loss at Rs.82

For Intraday traders make sure you maintain a stop loss of

Rs.87.9 and book profits on Rs.1-2 gain .

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Buy Welspun Gujarat , with a target price of Rs.266 , Rs.269

and Rs.273.90 with a Stop loss of Rs.253 (Intraday & delivery )

Buy VST Industries CMP Rs.485 , with a target of Rs.500
(Intraday & delivery)

Buy Voltamp Transformers CMP Rs.890 , with a target of

Rs.899 and Rs.929 and above ** , Maintain a stop loss of

Rs.877
(Intraday & Delivery)

Buy Vishal Retail CMP. Rs.63 , with targets of Rs.69 and a

strict SL of Rs.62 (Intraday & delivery)

Buy VIP Industries CMP Rs.257 , with a target price of Rs.262

(Intraday & delivery) , SL at Rs.255

Buy Viceroy Hotels Cmp. Rs. 44 , with targets of Rs.47 ,

Rs.47.5 and Rs.49.90 . SL at Rs.40
(Intraday and Delivery)

Buy TVS Srichakra CMP.Rs235 . (intraday) SL at Rs.225

Buy TRF CMP . Rs.917 , with a target of Rs.965 and a very

strict SL of Rs.897 (intraday & delivery) ---- We Do not have

any positions in this stock, neither do any of our client(s).

Buy Torrent Power Cmp. Rs.304 , targets Rs.310 , Rs.312 ,

and 319.90 , Stop loss at Rs.300 (Intraday & delivery)

Buy Time Technology CMP. Rs.47.30 , with Stop loss of

Rs.46.60 and a target of Rs.50 and Rs.52(intraday & delivery)

Buy Themis Medicare Cmp.Rs.189.6 , this stock had very

strong buying pressure yesterday, which had opened early

morning at Rs.175 just above the 50 day moving average and

touched a high of Rs.194 , this stock looks like a breakout and

since it has been trading in a range from 170 to 190 since

January 2010 , we are looking at an upside of Rs.190 and

above for tomorrow, we are very likely to break above this level

of Rs.200 . (We do not have any positions in this stock ,

neither do our client(s) )

Buy Tata Tea , Cmp. Rs.978 with targets of Rs.990 and

Rs.1025 (Delivery Based & Intraday) Maintain a Stop loss of

Rs.957 , major support lies at Rs.932

Buy Tata Sponge above Rs.346 Cmp.Rs.343 , with a target

price of Rs.356 and rs.375 (Intraday and delivery)

Buy Tata Metaliks Target Rs.165 (Intraday Only)


Buy Surya Pharma (Possible breakout today)
Cmp.Rs.166 , buy at current market price , sell at new high's
maintain a stop loss of Rs.160

Buy Supreme Infra Above Rs.180.70 , with targets of Rs. 187

and Rs.195 (Intraday & delivery)
Intraday Traders can book profits at Rs.183 from buying at

CMP.

Buy Sunflag iron , CMP Rs.30.95 , with targets of Rs.32
(intraday & delivery)

Buy Spice Telecommunication Above Rs.60.70 , with targets

of Rs.68 , SL at Rs.57

Buy Simplex Project Cmp Rs.210 , with a target of Rs.228 and

Rs.310
Maintain a very strict stop loss of Rs.210 only.

Below Rs.210 stock May go down towards 182.
this stock does not have any volume and is an operator based

script, together! we can bring it up!

Buy Renaissance Jewellery CMP Rs.74 , SL at Rs.72.25 and target of Rs.80 (Intraday only)

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