Good for delivery...Denso India

Buy Denso India in delivery
Close: 49.60
Closing basis stop loss: 36
Target: 55/58/Higher
Keep checking comments to this post for updates and actions on this stock every week.

Sell Nifty futures...positional

Sell Nifty Futures (CMP 5982)
Stop Loss 6035.
Target - 5950/5900/Lower
Positional.

Buy Sun TV in delivery

Buy Sun TV in delivery. Close 444. This stock looks good to invest over the next few months. Buy now for a target of 500. Stop loss 390 closing basis.

Nifty this week

Last 3 weeks Nifty has been gaining consistently. 
This week Nifty has immediate supports @ 5350/5320/5280.
Major support exits in the 5270-5250 zone. Any move below 5300, must be used to build long positions with SL @ 5240 (spot).
5200 appears to be the rock bottom level for the current rally. 
On the upside expect Nifty to show levels of 5350/5400/5500 in the near future.
Staying long makes sense for now.

Nifty next week...Free fall or flat trade

Last week Nifty closed in the negative losing 63 points. Nifty is now sweetly poised on the edge of a new bear phase. Right now Nifty faces multiple resistances in the 5120-5200. The probability of Nifty trading convincingly above 5200 in the near futures looks remote to me. I would use every level on the upside to exit long positions or open fresh short positions. Fresh short position with a stop loss at 5230 would be a safe bet, in case nifty rises in the coming week. On the downside, Nifty has little support till 5000 and below that 4900 is quickly possible. To me probability of Nifty going down from current levels looks high as compared to it going up. The markets is however supreme and stop loss is the only insurance for any position.
Trade carefully!

Set for a bounce...Nifty this week

Nifty is poised to surprise all this week. Last week it closed @ 5227 with a loss of almost 50 points. At the current level is has very strong support @ 5220-5190 zone. For me breaking this zone is a Herculean task for the bears. They would probably not do that!!
So, I expect Nifty to gather upwards momentum from the current levels soon. At least the probability of this event is very high.
Expect Nifty to show levels of 5260/5300/5350 in immediate future.
In case the bears really manage to hijack the markets expect levels of 5190/5160/5100, the probability of which is very low. 
I do not recommend any short positions this week.
Best position is the long position.
Buy Nifty futures or Nifty calls. Of course, do not forget the stop loss.

Nifty this week...More upside

As indicated last week Nifty did close strongly above 5200 level. Now it has closed above this crucial level and is more likely to stay above it for the better part of this year. 
The strong supports now exist at 5230/5200/5170 levels. The base for this rally is now moved up to 5080 from 4880.
On the upside, expect Nifty to show levels of 5300/5410/Higher very soon.
The rally is likely to take a pause around 5400 levels. This must be used to build fresh long positions with appropriate stop loss in place.
Overall, the markets are ripe for a good upside this week.
Performance of my trades can be checked here - http://followthetrendnow.blogspot.in/2012/06/performance-update-since-10-may-2012.html

GREAT for Delivery...Buy PTC

Buy PTC for 5-10% returns
Close 64.90
Stop loss 61
Targets- 66/68/72/Higher
Position must be exited when recommended or when stop loss is hit. The stop loss provided must be applied at all times. It is a regular stop loss and not closing basis stop loss.
There in no surety that all the recommended targets can be achieved. 
You may chose to exit after 5% return on investment is achieved or continue to hold position at your own risk.  

Buy Futures...Power Grid

Buy Power Grid Futures...Positional
Close 114.75. Lot 2000
Stop loss 110.50
Target - 115/116/117/Higher
Keep Track of daily stop loss in the comments to this post. Position must be exited when recommended or when stop loss is hit. The stop loss provided must be applied at all times. It is a regular stop loss and not closing basis stop loss.
There in no surety that all the recommended targets can be achieved. 
You may chose to exit after 5% return on investment is achieved or continue to hold position at your own risk.  

Buy Futures...LIC Housing

Buy LIC Housing Futures...Positional
Close 264.70. Lot 1000
Stop loss 253.50
Target - 268/270/Higher
Keep Track of daily stop loss in the comments to this post. Position must be exited when recommended or when stop loss is hit. The stop loss provided must be applied at all times. It is a regular stop loss and not closing basis stop loss.
There in no surety that all the recommended targets can be achieved. 
You may chose to exit after 5% return on investment is achieved or continue to hold position at your own risk.  

Buy Futures...Bombay Dyeing

Buy Bombay Dyeing Futures...Positional
Close 541. Lot 500
Stop loss 517.
Target- 550/560/Higher
Position must be exited when recommended or when stop loss is hit. The stop loss provided must be applied at all times. It is a regular stop loss and not closing basis stop loss.
There in no surety that all the recommended targets can be achieved. 
You may chose to exit after 5% return on investment is achieved or continue to hold position at your own risk.  

Nifty this week

Last week was flattish for Nifty. It closed with a minor loss of 30 points. Nifty is now poised for moving higher from here on.
This week is also likely to be flattish, but a upside breakout cannot be fully ruled out, especially in the later part of the week. This is possible only if the Bulls have enough energy to conquer 5170/5185/5200 decisively. Else, Nifty may turn down from any of these levels. 
On the lower side, it has strong supports at 5130/5100/5070.
With expiry this week, keep your fingers crossed!! Volatility could be high especially due to the tussle between the bears and bulls.
This week would be very crucial for the future direction of the Indian markets. If Nifty is able to cross 5200 decisively and keep its head above this level, 5400 would be quickly possible. 
The current up move has its foundation support at around 4880. The current levels are good times to start building a long term portfolio with this base in mind. Every down turn must be used as an opportunity to accumulate good stocks and value buying. 
Of course, stop loss cannot be ignored in any position that you trade.

Good for delivery...Buy Deccan Cements

Buy Deccan Cements for 3-6 months
Close 197.25.
Major supports - 190/175/168/160
Stop loss - 168 closing basis.
Targets - 216/240/Higher

What is Power Investing?

How to make money in the stock market?
How to achieve Financial Abundance and Wealth?
Can money be really made Consistently in the Stock markets?
Is it really possible to make money irrespective of market direction?
Is it possible to double your money within a year or we need to wait for years?
Can common man earn out of the stock markets?


To get answers to all of the above - Read 
http://followthetrendnow.blogspot.in/2012/06/performance-update-since-10-may-2012.html

Nifty Next week...and Beyond

Last to last week Nifty showed a very big weekly gain for quite sometime since past many months. This week ended Friday was a good follow up on that gains. Nifty is now poised for moving higher from here on.
The bulls are looking to take full control and expect Nifty to show 5160/5180/Higher this week. It faces serious resistance @ 5180/5200 and may turn down from there.
On the lower side, it has strong supports at 5120/5100/5070.
This week would be very crucial for the future direction of the Indian markets. If Nifty is able to cross 5200 decisively and keep its head above this level, 5400 would be quickly possible. 
The current up move has its foundation support at around 4800. The current levels are good times to start building a long term portfolio with this base in mind. Every down turn must be used as an opportunity to accumulate good stocks and value buying. 
Of course, stop loss cannot be ignored in any position that you trade.