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Tuesday, October 23, 2012

Nifty Outlook, Stock Market Trading Report For The Week

Share Market (Intraday/Delivery) Research Report, Trading Tips, FREE TRIAL By SMS For Tomorrow 25 October:
  NSE BSE Dusshehra Holiday- Markets will be closed on 24 Oct 2012 
UCOBANK
Stock is moving in an upward channel. Price is near the crossing of both ranges . This is a very bullish arrangement and forms a strong support for the stock. Positions can be made if closing above 80 , or the stock  can consolidate for 2-3 days before it breakouts with high volume. Possible next targets 85-86 . Buy at dips till 78

GODREJPROP
Stock is currently trading in a range. It has a resistance at 615 . Crossing that resistance can stretch stock to 645-650 levels within a week. For day trade it can be bought on the first day with target 612-614 .

HINDCOPPER
Stock is trading in a range. Stock can be long around cmp with targets around 274-280 ,stop loss can be below 255 closing basis.

JKLAKSHMI
Stock is in uptrend and currently inching upwards in a range. Have faced reistance at upper edge of range . Stock can be shortsell on 1-2 rupees upside with targets upto 110-109

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