Solid evidence of increasing in Demand for Oil , and decrease in the Inventories is neccessary to push oil above $70 , hitting $117 before September Ends.
Which in turn is positive for the economy , calculating the Bombay Sensex pivot levels according to fibonacci time frames , we see the Sensex at " 19 000 " before the month of September following the increase in the prices of Oil . And our fast growing Indian economy , I wont be surprised to see The Sensex above 31,000 before the next recession hits. Yes we are going to have re occuring recessions , I would endevour to elucidate more on how we calculate fibo time frames using Technical analysis along with a short description on couple of technical indicators in the next post .
Stock Recommendations : Get your hands on them now!
Buy UB Holdings
Above Rs.180
Target 1 . 450 . Target 2 . 500 Taret 3. 550
Buy Everonn
Systems Above Rs.405
Target 1 . 410 . Target 2 . 458
Buy Parsvnath Above Rs.90
T1 . 100 T2. 110
Buy NMDC CMP New Highs.
Buy Cat Technology CMP
Rs.5.80
T1 .10 T2. 15
Buy Triton Corporation
Rs.1.80
T1 . Rs.4 T2. Rs.10
Buy Bhushan Steel CMP -Could get you upto 10% - 20% Returns this month.
Hold Reliance CMP
T1 2300
T2 2500
T3 3500
Buy Rpower CMP
T1 190
T2 210
T3 300
Buy KS Oil CMP 90 - -
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CNX Nifty .
Buy Nifty Call of Rs.5200
We are expecting the Nifty Index , To touch rs.5200 which is a very strong resistance soon ,
we could possibly see a correction in the markets once 5210 has reached.
Nifty To head towards Rs.5200!! Buy Nifty Call (July only)
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