Suzlon - Investment Time

 

 

Suzlon is at all times low and as the charts indicate it is consolidation for an up move. Also there is a volume build up and as we can see Nifty is in the oversold zone for quite sometime I say this is the best time to buy Suzlon for an up move of 100rs.

HCC

Hindustan Construction Company (HCC): We can start accumulating this scrip from Rs.84 levels for an immediate target of 96 & 115.

Strategy for Nifty

4000 looks like an important level to be watched. If Nifty holds 4000 than we can see 4350 - 4550. Break of 4000 we can see 3800 - 3650

NIFTY DAILY CHART

 

DOUBLE ZIGZAG Y TARGET ZONE 4150 - 2700

MOST LIKELY TARGET 4150 - 3600

POSSIBLE NIFTY TARGETS

 

SUPER CYCLE 2ND OF THE 5TH WAVE IN PROGRESS

TARGET ZONE  - 2700 - 4500

MOST LIKELY TARGET 4150 - 3600

Political Noise - Where do we see Nifty

After sharp correcting still the short the momentum is up. Please do not short at lower levels. Watch carefully 4450 above this momentum is up below this momentum is down. All call will be updated during market hours.

After crude oil, inflation now we have political instability. The BJP has warned that the Congress - led government would collapse by 15th August.

Welspun - Gujarat Stahl Rohren

The last candle was Doji. Tomorrows(06/16/2008) candle is important for price direction. Technically the scrip is on downward momentum. It should find support at 322 levels a break of 322 will take the scrip to 263/265 levels. 285 will act as a strong support but the selling from 322 might break it. If the price moves up than it will hit 372.

Calls for 16th June 2008

Chennai Petro
Buy above 343 tgt 347/353 SL 340

Lupin
Short Below 700 tgt 693/683
buy above 715 tgt 724/733/745