Book profits in following stocks

Book profits in stocks below. They arelooking weak and can be sold to book profits, if a new trend develops we can re-enter later:
(1) BASF
(2) Dena Bank
(3) Union Bank
(4) Bank of Baroda
(5) Glenmark Pharma

Book profits in Balmer Lawrie

Book profits in Balmer Lawrie around 680 levels.

Book profits in Century Textiles

Century Textiles achieved its initial target of 520 and retraced back from there. Its now in a intermediate down-trend. Book your profits here.

Book profits in BHEL

BHEL is looking weak on the charts now, its broken down from its 50 day SMA. Its also broken down from its uptrendline. Book profits in BHEL.

Buy Crompton Greaves for a target of 345 and 375

Crompton Greaves is in a strong uptrend, it has consolidated making a flag pattern and has again resumed its move upwards. It can be bought aroun the levels of 300 for a target of 345, and then 375.

Union Cabinet approves Direct Taxes Code Bill

The Union Cabinet on Thursday approved the DTC ( Direct Taxes Code) Bill to simplify the country's archaic direct tax laws. The government will now seek approval on Monday from parliament where the bill is expected to go through as the measure enjoys broad political support.

From the stock market's perspective, the long term  capital gain tax still remains zero. So if you hold a stock for more than 1 year the gain made from it is not taxable. 

Get out of BEML

BEML is looking weak. Its not able to sustain above it 50 day SMA. You can sell it aroind 1020 and get out of it.

Book profits in BGR Energy

 BGR Energy is looking weak on the charts. Book profits here around 792.

5470 crucial on NIFTY.

As long as NIFTY holds 5470 the uptrend is intact. If it breaks than then a down-trend  in medium term can be seen.

No panic situation yet.

Markets have fallen .71% today (5503 on the NIFY). Still it is not a panic situation. Be invested stock specific as advised earlier.

Buy TTK Presige for a target of 1140

TTK Presige can be bought at current levels of 1000, for a short term tarhet of 1140.
Its formed a good base 904 and bounced back, where it touched its trend line and 50 day SMA.

Buy ACC for a target of 945 and 990

ACC has been falling and consolidating since March 2010. It has finallt broken out of the its down-trend line. Its also closed above its 50 day SMA.

It can be bought at current levels for targets of 945 - 990 - 1020.

GAIL can be bought for a target of 536

GAIL has finished it consolidation phase, and is now moving up. Its closed above its 50 day SMA. Its giving a 2nd positive close in the weekly charts.

It can be bought at the current levels of 464 for a target of 536.

Buy Hitachi Home for target of 445

Hitachi Home is showing strength on the charts after its consolidation phase. (1) Its closing positively on weekly charts. (2) Its trading above its 50 day SMA. (3) Its breaking out of the continuation traingle.

It can be bought at current levels for a target of 445.

Buy Dabur India

Dabur India has consolidated and resumed its upward journey again. It has also formed  and broken out of the  continuation triangle pattern. It has also closed above its 50 day SMA.

It can be bought at current levels for immidiate short term target is 230.Once it holds there further positions can be added into it.

Book losses in NALCO

NALCO is looking very weak on the charts. It has failed to break out of the ascending triangle formation. Also it has broken down below the 50 DMA. On the lower end it can touch 370.

Buy Jindal Saw with a target of 234

Jindal Saw is making a continuation ascending triangle formation. Looking at the indicators it ca me made out that an uptrend is developing.
It can be bought at the current levels of 205 for a target of 235.

Buy Ultratech Cement with a target of 1015

 Ultratech Cement is in an upmove. Its closed positively on the weekely charts. The technocal indicators - ADX, MACD are also showing strength. It was in a downtrend since April 2010, which it has broken out of.

 Ultratech Cement can be bought at current levels of 895 for an immidiate target of 1015.

Book profits in UB Engineering

UB Engineering has achieved its trget of 228, it touched 232 and is now retracing back. Book your profits here!

Book Profits in Tata Motors!

Tata Motors has had a fabulous run and it looks over-bought from here. Some consolidation can be seen from these levels. You can book profits here around Rs1000!

Book profits in Tata Steel

Traders book profit in Tata Steel around 525. It has a tough resistance at 550 from where it has retraced back. Its even broken down from the continuation triangle formation. Looking weak on thw indicators as well.

Book profits in Havells India.

Traders can book profits in Havells India around 706. I had earlier given a target of 730 and it touched 732 and started retracing back. Today the scrip is down the 2nd consequitive day. Book your profits!

Buy NMDC with a target of 300-310

NMDC is showing some strength after remaining in a range for months. Though it has not broken out of the range still some strength can be seen in the stock and it can be bought at the current levels of 267 for a target of 300-310.

Short term traders can book profits in Rallis India

Short term traders can book profits in Rallis India at 1240 as it might consolidate at these levels.

Buy Kotak bank for a target of 890

Kotak Mahindra bank has broken out of continuation triangle. It can be bought at current levels of 815 for a target of 890.

Buy BGR Energy with a target of 850

BGR Energy is in an uptrend, it has broken out of symetric triangle formation. It can be bought at the levels of 772 for a target of 850.

Book profits in Canara Bank!

Profits can be booked in Canara Bank. Its achieved its target of 489.

Book profits in Bank of India!

Book your profits by selling Bank of India around 434. Its had a good run, and looks over-bought. From here it can consolidate and correct.

Buy REC with target of 330+

REC ltd is in a long term  uptrend since March 2010. It can be bought around the levels of 315 for an immidiate target of 330 and beyond.

Grasim Industries can touch 2100 ... 2450

Grasim Industries can be bought around these levels of 1888. Its an investment pick. Once it breaks the range and crosses 1921, it can touch 2100, and once it holds that then 2450 can be seen.

Buy Union Bank

Union bank is developing a new trend, once it closes above 320 it can move to 340 and beyond.

Buy Cummins India for long term

Technically Cummins India has been in an uptrend since Sep 2009. Recently its formed a good base at 570 and started a new trend from there. Its trading around 640 - which is its 52-week high.

Fundamentally,  its trading at a discount to other players in Capital space.

Buy Bank of Baroda with a target of 830

 Bank of Baroda can be bought at current levels with a short term target of 830 and  a long term target of 1000.
Its been in a long term uptrend since Jan 2010. Currently its broken above 743 and closed above it which  depecits a new uptrend in the stock.