NIFTY WEEKLY FORECAST FOR THE WEEK 30TH SEPT - 4TH OCT 2013
Technical View :: NIFTY
In the week just gone by nifty made a low of 5811 indicating that nifty is most likely to correct to 5700 levels in about week's time and subsequently to 5500-5600 levels in 2- 3 weeks before corporate Q2 results.
Note:- Though the below scrips Initial Stop Loss(ISLs)are wide we need to ensure that our targets are hit without been stopped out. Since all the below calls are purely positional/swing it may take approximately a 1-2 weeks time to achieve the targets fully.
Below is the nifty weekly forecast and few nifty 50 stocks for the forthcoming week Sept 30th 2013 - 4th Oct 2013 :-
Caveat : - Do remember to move your Initial Stop Loss (ISL) to first target immediately as soon as in money to lock minimum profits.
INDEX/STOCK
|
ACTION
|
CMP
|
TARGET(S)
|
INITIAL STOPLOSS
|
COMMENTS
|
NIFTY
|
SELL
|
5833.20
|
5791/5765/5744/5723/5686/5654
|
6281
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
GAIL
|
SELL
|
326.30
|
321.75/318.90/316.5/314.20
|
358
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
M&M
|
SELL
|
844
|
832.65/825.35/819/813
|
912
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
L&T
|
SELL
|
815.85
|
805/799/792.85/787.55
|
986
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
ACC LTD
|
SELL
|
1099.55
|
1085/1076/1068.7/1062
|
1162
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
HDFC
|
SELL
|
784.20
|
779/776/771/767
|
861
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
JET AIRWAYS
|
SELL
|
349.80
|
345.45/342.75/340.55/338.35
|
377
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
AUROBINDO PHARMA
|
SELL
|
200.70
|
197.70/195.90/192.95/190.60
|
220
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
DR REDDY
|
SELL
|
2412.20
|
2388/2375/2352
|
2612
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
ITC LTD
|
SELL
|
347.90
|
343.20/337.90/332/307
|
376
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
RELIANCE
|
SELL
|
839.90
|
828.35/821.15/815.25/809.55
|
955
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
COAL INDIA
|
BUY
|
306.90
|
309.15/310.40/312.60/314.4/316.10
|
259
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
TATA STEEL
|
SELL
|
287.40
|
283.20/280.65/278.5/276.45
|
332
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
HCL
|
SELL
|
1072.75
|
1063/1059/1051/1043
|
1162
|
TRIAL THE STOPLOSS TO 1ST TARGET ONCE IN MONEY/PROFIT
|
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