Hi all,
While the advice is to go very safe in the market as of now, however I am putting forth a few suggestions.
These scrips have been in correction/consolidation mode and just about breaking out. A possible up trend is probable.
Aftek Infosys (aftekinfo): Gave a good break out on Friday on volumes to close at 89.20. This an important level for it to get past 94 where the bigger resistance comes. On clearing this, expect 112 first and then 124 in the short term. The volume build up is great, so keep this one on watch list. I have tracked it for long.
Aarti Induatries (aartind): has just broken past the level of 130 to close at 131.60 on volume. Im expecting it to head towards 150 in the near term. Can be taken at current levels with a trailing stop-loss.
Ind Swift Labs (indswftlab): Friday close 199.60. Just a tad below 205 which it needs to cross. Above 106, expect a rally to 230 first. May take a little time, but seems very good.
Watch East Silk closely. It was in a short down correction and should be heading back up from Friday close of 183. Target is big, at 250 by the next quarter.
From my earlier calls, Cummins is beginning to look good at 150 off again. This one has much ground to cover, and at crossing 155 will look to 165. Had called it at 135.
Gammon continues to confuse. If it crosses 295, expect 305 first. Book profit if slips down past 275, bail out.
The company is doing very well currently and this will be reflected in the next quarter results, where it will spurt to 370 levels.
This is for now.
While the advice is to go very safe in the market as of now, however I am putting forth a few suggestions.
These scrips have been in correction/consolidation mode and just about breaking out. A possible up trend is probable.
Aftek Infosys (aftekinfo): Gave a good break out on Friday on volumes to close at 89.20. This an important level for it to get past 94 where the bigger resistance comes. On clearing this, expect 112 first and then 124 in the short term. The volume build up is great, so keep this one on watch list. I have tracked it for long.
Aarti Induatries (aartind): has just broken past the level of 130 to close at 131.60 on volume. Im expecting it to head towards 150 in the near term. Can be taken at current levels with a trailing stop-loss.
Ind Swift Labs (indswftlab): Friday close 199.60. Just a tad below 205 which it needs to cross. Above 106, expect a rally to 230 first. May take a little time, but seems very good.
Watch East Silk closely. It was in a short down correction and should be heading back up from Friday close of 183. Target is big, at 250 by the next quarter.
From my earlier calls, Cummins is beginning to look good at 150 off again. This one has much ground to cover, and at crossing 155 will look to 165. Had called it at 135.
Gammon continues to confuse. If it crosses 295, expect 305 first. Book profit if slips down past 275, bail out.
The company is doing very well currently and this will be reflected in the next quarter results, where it will spurt to 370 levels.
This is for now.