Sell Cipla around 350

Cipla has been in a trading range for a long time. Once again its at the upper end of the range and failed to break out of it. Sell it at cost price around 350 and protect your capital.

Corporation Bank's target revised to 815

Corporation Bank has achieved its target of 750. The stock continues to look strong and its targethas been revised to 815. Continue to hold the stock.

Bata India target upgraded to 391.

Continue to hold Bata India. Its target has been revised and upgraded to 391.

Buy Oriental Bank for a target of 541

Oriental Bank of Commerce can be bought around 503, for a target of 541. It is in an uptrend since June 2010, and has also confirmed its up-move on the trend-line. It has made a flag pattern and broken out of it.

Buy M&M for a target of 777

Buy M&M around 718, for a target of 777. M&M is in an uptrend since June 2010. Recently it made a flag pattern and broke out of it. The stock is looking very positive on the charts.

Buy Indian Bank for a target of 335

Indian Bank is in an uptrend since August 2010. Recently it consolidated by making a flag pattern and has broken out of it. It can be bought around 305 for a target can be 335. Once it reaches there we will revise the targets.

Buy Bank of India for a target of 627

 Bank of India is in a long termuptrend. Recently it has consolidated and formed a flag pattern, and today it broke out of it. It can be bought at the current levels of 545 fo a target of 627.

Buy IGL (Indraprashta Gas) for a target of 376

 IGL (Indraprashta Gas) has made a ascending triangle and broken out of it, it can be bought at the level of 338 for a target of 376.

Buy BHEL for a target of 2770

BHEL is in an untrend channel, it has completed its flag formation and broken out of it. It can be bought at the current levels of 2550 for a target of 2770. 

Add more positions in REC; target upgraded to 442

Investors holding REC can buy more into it around 375 levels. REC has finished its flag formation and broken out of it. Its next target can be 442.

Book your profits in Grasim

Book your profits in Grasim by selling it around 2200. Grasim has broken down from its uptrend channel, also the stock is trading below its 200 DMA - which shows weakness. Book your profits!

Buy Ashok Leyland for a target of 90

Ashok Leyland has been in an uptrend since June 2010. Recently it consolidted, made a flag pattern, and broke out of it; thus giving an opportunity to buy. Fresh invesors can buy here and those already invested can add more positions. It can be bought at the levels of 76 for a target of 90. 

Buy L&T for a target of 2200

L&T is in an uptrend channel and has recently consolidated and formed a flag pattern. It has broken out of the flag pattern, and can be bought at the level of 2015 for a target of 2200. 

Add more positions in Bata India; next target is 384

Bata india has broken out of its 3 week flag pattern. Bata India is in a long termuptrend and it can be further bought at the levels of 336 for a target of 384.

Buy Bajaj Auto with a target of 1677

Bajaj Auto can be bought around 1539; it has made a falling wedge consolidation and has broken out of it. The break out is on the news of good quaterly results. Technically its target can be 1677. 

SUBSCRIBE TO COAL INDIA IPO

Coal India IPO is very attractive at the price being offered. One can subscribe to it at the upper band of 245. On listing it can touch 300.

The company has got very strong fundamentals; and is the largest coal producer in the world.

Susbcription to the IPO is highly recommended.

Book profits in Kotak Bank

Kotak Bank had a great run since August. Its now entered into a trading range. One can book your profits around these levels of 500.

Book profits in ITC

ITC is looking weak now. Its been in a trading range. 20th Sept, and today it has also broken down from the support levels. Book your profits!

Book profits in Gujarat Mineral (GMDC)

GMDC had broken out of its trading channel and developed an uptrend, but now its again showing weakness as its broken down from its uptrend channel. Book your profits!

Book profits in Cummins India

Book your profits in Cummins India. Its been in a trading range since end of August. Also its broken down from its uptrend-line which shows weakness in the stock.

Book profits in ACC

Book profits in ACC. ACC has broken down from its uptrendline and also broken the support level of 990.

Sell Dabur India

Sell Dabur India around 102 - close to your purchase price. The stock has failed to show any increase in past 2 months. Now it is looking weak on the charts as its has (1) broken down from the uptrend channel (2) Its fallen below its 50 DMA.

Sell RCF and any Fertilizer stocks

Fertilizer stocks have rallied in the past 2-3 days. This rally in the fertilizer stocks doesn't look sustainable. One can use this rally to get out of RCF or any other fertilizer stock.

Buy Reliance Industries for a target of 1084/1100

Finally the BIG BOSS Reliance Industries has started moving! A formation of upward channel is seen in Sept/Oct. It has also moved above its 200 DMA - which shows it is entering a bullish phase.
It can be bought around the levels of 1070 for immediate target of 1100.

Buy HDFC for a target of 800

HDFC can be bought at the current levels of 730 for an immediate target of 800. The stock is in a long term uptrend, it has just finished its consolidation and broken out of the flag pattern.

Buy JB Chemical and Pharmaceuticals for a target of 140

JB Chemical and Pharmaceuticals is in a long term uptrend, recently it has consolidated and resumed its uptrend, it can be bought at the levels of 120 for next target can be 140.
It has been learnt that even Rakesh Jhunjhunwala has a stake in the pharma company! :-)

Where do we go from here?

NIFTY has closed at 6090 today. Some support exists at 6070 levels, and a very strong support at 6040 level. As long as NIFTY consolidates here and these levels hold up there is nothing much  to worry. If these levels are broken then a big sell-off can be seen in the markets.

Book profits in TTK Prestige

TTK Prestige has achieved its target of 1140 and is now trading around 1216. You can book your profits here.

Book profits in Engineers India

Book profits in Engineers India around 349 levels. Its has broken down from the ascending triangle and looks weak now. It has failed to break out of the trading range in which its stuck since June 2010.

Add more positions in Tata Chemicals

Investors already invested in Tata Chemicals and buy more stocks around 420 levels. Tata Chemicals has just completed its flag pattern and has continued its uptrend. Its next target can be 450.

Make fresh entry into Dena Bank

Dena Bank has consolidated and broken out of the flag pattern. Fresh entry can be made into it around 115, for next target of 130.

Get out of Jindal Steel and Power

Jindal Steel and Power is another stock which has been a non-performer. It is in a range since a year. Currently its moved at the upper end of the range around 750. One can sell it at cost price and get out of it.

Get out of Areva T&D

Areva T&D has been in a range since Nov 2009. Right now its trading at top end of the range (Rs 315). Not much upside is seen from here. One can get out of it at cost and protect their capital.

Make fresh entry into GIC Housing Finance

GIC Housing Finance has broken out of its range and resistance level of 150. It can be bought at these levels for a target of 170.

Fresh entry can be made in Rallis India

Rallis India has finished its flag formation by touching the support at 50 day moving average. It has broken out of its flag formation. It can be bought for a target of 1680.

Add more positions in Corporation Bank

Investors who are invested in Corporation Bank and buy more stocks. It is in an uptrend and has just broken out of the pendant formation. Its next immediate target can be 750.