We said ‘Technically the market looks weak and we are into an F&O expiry week with just 3 days left for the expiry and once again the market could be volatile but the market looks sideways with no clear signs of any direction but the bias could be down’
GOOD VALUABLE STOCK…. NATCO PHARMA Ltd. At 51.35/-; TARGET 75/-
NATCO PHARMA Ltd (Rs. 10/- Face Value) Trading in BSE & NSE at 51.35/- . Target 75/- for short term. 135/- for Medium term.
This is courtesy Girish Kolari a contributor on stockezy.com. ( Connect with Girish )
BSE Sensex: (8955) the market has unfolded yet again volatile and directionless and has not displayed any signs of direction so far…the market has some supports near 8750 levels but by and large it is direction less…
Inflation came in at 3.38 for week ending February 14th. The NDTV poll of analysts predicted Inflation to come at 3.38% while Reuters poll had predicted a lower 3.31%. Nonetheless Inflation for the same period last year was at 5.66%.
Stock strategy
Intraday Trade ONLY IF SL HOLDS
Short Ranbaxy 207 sl 211 tgt 203-199
Stock is poised below 20dema and 50dema
Crossover above 50dma will initiate short covering
BSE Sensex: (8903) the market closed in the positive as expected with profit booking coming in too…the market once again looks to trade into a sideways mode on the last day of the F&O expiry…so far no clear signs of direction
US markets ended negative after a volatile section.
Europe ended negative.
Asia has opended positive and so expect Indian markets to open positive.
Today even Inflation data is supose to come out.
Be careful.
The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157
Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2789-2824
NIFTY FUTURE
ABOVE 2765 TARGET 2793-2809-2821
BELOW 2754 TARGET 2745-2734-2720-2703
Rupesh Yatesh Dalal
MARKETCALLS
Ambareesh Baliga of Karvy Stock Broking is of the view that one should not buy HDFC.
“Ranbaxy especially after the open offer its totally off our radar and we feel it will be in a range of Rs 180-185 on the lower side and Rs 200-210 on the higher side. At this point of time it doesn’t make sense to look at it.”
Ambareesh Baliga of Karvy Stock Broking is of the view that ABB is looking attractive at this level.
“We like ABB’s results although there are some finer points that the business is actually slowing down, which most of us know. So at these levels we find that stock attractive.”
Neppolian Pillai of Modern Shares & Stock Brokers is of the view that in DLF a decisive close beyond Rs 158-160 could take the stock up to about Rs 180.
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