Trading Strategies for April 2012

BUY jaiprakash associates target Rs.86.20, levels once broken will lead towards 88.75

BUY BHEL only once price breaks Rs.257 with targets of 263.1 and 266.5
However If price fails to breach Rs.257 then short with targets of Rs.252 and Rs.241

Buy Golden tobacco for long term (Technical candlestick pattern has three black crows
which define a huge bullish candle towards Rs.62

IOL Chemicals is going to continue its bearish move towards Rs.19.5 therefore we would
recommend hold short positions

BUY ZODIAC CLOTHING WITH TARGETS OF RS.233 maintain a stop loss of Rs.198
Do not hold this stock for a long term, since this will continue to remain in a consolidation
phase for the next coming months, We are keeping a watch on this stock since it has
gained with volume of over 9 Lakh shares within a day's time, Therefore if it breaches Rs.250.5
it may continue to move north.

WE RECOMMEND GOING SHORT ON LUPIN AT MARKET RANGE OF RS.533-546 WITH TARGETS OF RS.409 AND RS.384

Research 22 March 2012

SHANTI GEARS BUY ABOVE 36.6

GANESH POLYTEX WATCH 60.25 above 60.25 for long term

buy kei industries with targets of 22.7 and for long term

buy ceat with targets of 108.75 once Rs.96 is broken (prelim bullish price objective )

buy dlf above 206.5 and sell below 206.50 (206.50 as pivot level)

buy piramal glass with targets of 126.45

watch bharti shipyard

a wedge format on aptech buy with stop loss of Rs.83 (bullish price objective Rs.100)

SHORT CASTROL WITH TARGETS OF RS.387 MAINTAIN STRICT STOP LOSS OF RS.514

watch grindwell norton bullish tgt price Rs.290

buy chettinad cement

buy OCL

Nifty Budget Analysis and Stock Tips 16th March 2012 , Nifty to hit 5600 ?

16th March 2012 is what investors have been waiting for the " Budget Day " . Which is very dangerous for most day traders to either Make or Break their portfolio unless guided well with precise analysis !
At www.Dailynifty.in we simplify our language for all investors to understand our trading strategies and recommendations.

On Budget day our recommendation is the " Power Industry / The Energy Sector "

Top Picks (NOTE : PRICES ARE MENTIONED ACCORDING TO THE BOMBAY STOCK EXCHANGE)
( Stop loss need not be mentioned on Budget day for the stocks mentioned below )

1) Alstom Project :- Buy with targets of Rs.525 (Hold until April)
2) Buy CESC only above Rs.310.60 with targets of Rs.343)
3) BUY SJVN with targets of Rs.22.5 (HOLD UNTIL APRIL)
4) (WATCH ENERGY DEVELOPMENT COMPANY)
5) SELL TORRENT POWER WITH TARGETS OF 198.5 MAINTAIN A STOP LOSS OF RS.219
6) BUY RENUKA SUGAR WITH TARGETS OF RS.50 (HOLD UNTIL APRIL)

Nifty & Stock tips for 14th March 2012

Buy IFGL Refractors with targets of Rs.43.80 and Rs.45 maintaining a Strict Stop loss of Rs.38. Current Market price is Rs.40.40.

Buy ATN International Only above Rs.1.06 with targets of Rs.1.40 Stop loss can be adjusted in between Rs.0.70 to Rs.0.80

Buy JPpower only once crosses above RS.44.6 or SELL if remains BELOW RS.44.6
Rs.44.6 is strong Pivot level

Sell Wipro with targets of Rs.420 and Rs.399.

Our Recommendation on the Nifty is to hold long positions as long as 5420 holds with next targets of +20 points ahead of today's closing price. However Nifty has strong resistance level at 5520, which once broken will lead towards 5600.
If 5520 is not broken we would have to wait for budget day for a turn around or a bounce back up . therefore watch 5520 levels !

Good luck trading ,