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Indian Stock Market


Stock Ideas for 9 April

Sunday, April 8, 2007

Scrip Close High Low Support Resistance

Varun Shipping 54.95 55.4 51 52-49 57-58 Up Trend. Buy @ 54 with a stop loss @ 51/70

Torrent Pharma 200.6 202 194 196-191 204-207 Up Trend.
Buy with a stoploss @ 195/50 target 204.

Guj Ind Power 56.8 57 54 55-53 58-59 Up Trend.Buy

Cadila Healthcare 334 350 328.05 325-315 347-359 Up Trend. Buy @ 330/=

NALCO 234.6 236.95 222 225-216 240-246 Up Trend.Buy

Balrampur Chini 73.7 75 64 67-60 78-82 Up Trend.Buy

India Hotels 144.6 145.7 137.8 140-135 148-151 Up Trend.Buy

International Travel 162.6 164 136.15 145-126 172-182 Up Trend.Buy

Buy at supports with suitable stoploss

EARNING IDEA ON EQUITIES.

CENTURY ENKA The stock has closed at 126.55. The support for the stock is at 122 levels. The stock faces resistance at 133 levels. Once past this resistance the stock will reach at 142 levels. The MACD indicator for the stock is in the negative zone and moving upwards. The stock can be bought at current level.

PFIZER LTD The stock has closed at Rs 828.95.The support for the stock is at 807 on the lower levels and first resistance is at 866 levels. Once past this level the stock will reach at 885 on higher levels. The MACD Indicator is in the positive zone and moving upwards. The stock can be bought at current level.

UNIFLEX CABEL The stock has closed at Rs 34.50.The support for the stock is at 31 on the lower level and first resistance is at 38 levels. Once past this resistance the stock will reach at 44 on higher levels. The MACD Indicator is in the positive zone and moving upwards. The stock can be bought at current level.

DERIVATIVE RECOMMENDS
IND HOTEL
Closing : 144.30
Mkt Lot : 1750
Margin: Rs 40000
Outlook: Bullish
Buy April Fut.@ 140
Stop Loss: Rs 137
Target: Rs 156

Posted by FR at 10:01 PM  

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IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.