Buy BASF India for target of 440

Buy BASF India at 402 for a target of 440.

Buy Praj Industries for target of 100

Buy Praj Industries at 92 for immidiate target of 100 and then 105.

Buy Tata Motors for target of 930 and 950

Tata Motors can be bought at the current level of 836 for a target of 930 and 950.

Book profits in the following stocks

Book profits in the following stocks:
(1) M&M Financials
(2) Yes Bank
(3) UCO Bank
(4) Corporation Bank

Please note: If you look at the weekly NIFTY charts, it has been rising and closing positively for 9+ weeks continously. The run is over done now and the markets are ripe for a small correction. Kindly book profits in whatever stocks you are profiting in. A 5100 level can be seen on the NIFTY.

Buy GSPL at 95, it can touch 105

GSPL is looking very positive and it can be bought at current levels of 95 for a target of 105.

(1) It has closed on ahigher note on weekly charts.
(2) A new positive trend is in development, the ADX is at 15, +DI=27, -DI at 15.
(3) The trend is upwards as seen on the MACD charts, where MACD line has a positive divergence and is above the MACD signal line.

Buy Jindal Steel and Power at 715, it can touch 750 and then 780

Jindal Steel and Power can be bought at 716 for a taget of 750, and if that holds then 780 can be seen.

(1) Positive close on weekly basis
(2) ADX is at 17.55 approaching 20, with +DI > -DI.
(3) On MACD charts the MACD line is above the MACD signal line.

Buy LIC Housing Finance at 912 with a target of 940

LIC Housing Finance is moving up smartly ahead of results. Thats a Fundamental pick!

On the technicals - its resumed its uptrend as ADX is at 28, the MACD charts shows a positive cross-over, on price-charts its above 20 day EMA, on weekly charts its closed higher for 2 consequitive weeks.

Buy BOB at 663 for immidiate target of 700+

Bank of Baroda can be bought at 663 for a target of 700. If that holds then further upside is possible.

(1) It has risen above its 20 day EMA.
(2) Its closed positively for 2 consequitive weeks on the weekly charts.
(3) The ADX has just completed its fall and started moving upwards, its at 23 with +DI= 24 and -DI= 18.
(4) On the MACD charts the MACD line is just about to make a positive crossover over the MACD signal line.

Buy Andhra Bank, it can touch 140.

In the small cap banks, one ca buy Andhra Bank at 121. It has the potential to touch 135-140.

(1) On the weekly charts, week after week its given a positive weekly close.
(2) The atock is trending as seen from the ADX which is at 31, with the +DI at 34 and -DI at 16.
(3) The trend is upwards as seen from teh MACD charts.

Direction for NIFTY

As per the charts, the 5200 mark remains a very strong support for the Nifty and is unlikely to be breached very soon. On the upper side it is likely to face stiff resistance at around 5380.
Overall, the sentiment is expected to remain positive for the coming week.

On the weekly charts the NIFTY had given a postive close for 2nd consequitive week.

Buy Axis Bank at 1232 for target of 1300 and 1400

Axis bank is a strong candidate for buying for short-term. It can be bought at 1232 for a target of for target of 1300 and 1400.

(1) On the ADX its moved to 20.44, with the +DI at 33 and -DI at 15.
(2) The MACD charts have made a positive cross over.
(3) The stock price is above its 20 Day EMA
(4) Its bullish on weekly charts, its made a Bullish engulfing pattern.

Sell Praj Industries...

Praj Industries from a long time has failed to show any break-outs.
On the ADX charts it is at 16 and falling further down.
On the MACD charts a negative cross-over is seen - which shows the continuation of the downtrend.

There is a small bounce-back in the stock which shouldbe taken as an opportunity to sell and get out of the stock.

M&M Financial in an uptrend... BUY

M&M Financial is in an uptrend with other Financial Institution stocks.

(1) The ADX is at 18.33, almost touching 20, with the +DI at 25 and -DI at 13.

(2) The MACD charts - the MACD line has given a positive crossover the MACD signal line.

(3) On the trend line, it touched the lower end of the line at 367 and bounced back on 19th April, it also crossed over and closed above the 20 Day EMA.

All these are positive signals for this stock.  Some resistance is at 403, once it crosses that it can touch higher levels.

GAIL can touch 435 and 449

GAIL INDIA has started moving up smartly. On the ADX charts its at 18, with the +DI at 37 and -DI at 16.

On the MACD charts the MACD has given a positive crossover the MACD signal line.

The stock canmove to the levels of 435, and if it holds there then the next target is 449.

NIFTY can retrace back to 5143

After making a high of 5400, NIFTY has started to retrace back. Firsst signals came when it broke the uptrend-line and fell below 5324.

It looks like NIFTY will retrace back to 5143 - which is 38% of the fall. It can find some support here.

Do not buy in this period, just observe the markets for few days and see how it behaves..

Book profits in Godrej Consumer Products

Book profits in Godrej Consumer Products!

The stock price is rising continously  but it looks over-bought and can reverse any time soon.

Sell GSFC, Crompton greaves

Book profits in GSFC.
Sell Cromption Greaves.

Sell Pfizer, RIL, GIC Housing Finance.

Following stocks have started their downtrend:


Book your profits in Pfizer.
Sell RIL and  GIC Housing Finance at cost.

Book profits in IPCA Labs and BHEL

Both IPCA Labs and BHEL are looking little weak on the charts, they can be sold and profits booked!

Book profits in Petronet LNG, Genus Power

Book profits in Petronet LNG, Genus Power

Book profits in following stocks

Book profits in LIC Housing Fianance, Gujarat Gas, Clutch Auto, Petronet LNG.

Book profits in ShivVani Oil and Gas

I will recommend selling ShivVani Oil and Gas and book your profits.

Book profits in Torrent Pharma

Sell Torrent Pharma and book your profits. Torrent Pharma on the MACD charts is now making a negative divergence - which shows a resersal of trend.

Book profits in Union Bank of India, Havells India, AIA Engineering

From my earlier buy recommendations, you can sell
(1) Union Bank of India,
(2) Havells India,
(3) AIA Engineering

and book profits! These stocks have run their course and most likely will move down from here.

Yes Bank can touch 274

Yes Bank can touch 274. A new trend is developing in the ADX charsts, as its currently at 19.34; on the MACD charts its showing a positive diverence from the past 5 days.

Immidiate tarhet is 274, and if it holds that then 288.

GSFC can move to 232.

GSFC is moving up smartly. On ADX charts its moved till 20.7 which shows a trend in development. MACD charts are also showing positive divergence for 5 consequitive days.

Target price is 232

Godrej Consumer Products can touch 285

Godrej Consumer Products is showing some strength on the charts. The ADX has moved above 20 to 22.9

On the MACD charts the MACD line is also about to cross the MACD signal line - which shows an upmove.

The immidiate target for it can be 285.

Corporation Bank can touch 514.

Corporation Bank has broken out of its long trading range. Though it closed a little lower today but it has shown strength in its charts and in the short term it can touch 514.

The ADX is at 24  which shows a new trend in development. The MACD has crossed over the MACD signal line which shows the trend is upwards.