January 10, 2010

Nifty View 11/01 to 15/01

We had a quite market last week, with some muted performance on index and delightful move on specific counters. Still lot of mid-caps and specific large-caps are ready to give a blast off. Hopefully this week will be a power packed week and I expect Nifty index and banks also join the party.

NTPC is ready for FPO, with REC and MNTC to target 30,000 cr for their oncoming expansion plans. So friends concentrate on power sector to get some powerful gains. Powergrid also looking hot and can target till 121.




Likewise ABAN entered the OB region and shorts can be initiated at possible high's with a stop at 1540 for intraday trade. One more pick from my side is kernex micro on short side with stop at 193. DLF from the move on Friday, it tends to fire up above 400 and long holders on that counter may target for 20% profit at least.

Moving on to index, Friday close suggest Nifty is ready for a bull run, if happens to get good volume then it can target around 5400 shortly.


Nifty levels for the week:


5168 - 5210 - 5244 - 5278 - 5305 - 5369 - 5444


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