Weekly Technicals , News letter and Stock Tips.

>> Sunday, June 28, 2009

Last week was volatile. Last week NIFTY Closed at 4274.05 and this week at 4375.5 a 100 points upside from last week's closing.
FII participation was negative. This shows the sentiments have once again changed.
NIFTY TRIN : 0.873
NIFTY Range : The crucial supports on the way down are at 4200 and resistances on the way up are at 4560.

What we saw last week :

Inflation is still in negative zone.
FII were net sellers.
Rollover was not so interesting.
The budget week is now all set to come.
Budgets will decide the future trend of the markets.

Sectors :

  • Fertilizer.
  • Automobile.
  • IT.
Stocks to watch out for :
  • Lupin : Buy above 862 for targets of 869 and 880. Keep a SL of 855
  • LNT : Buy above 1620 for targets of 1635 and 1650. Keep a SL of 1605
  • IRB Infra : Buy above 155 for targets of 158 and 162. Keep a SL of 151

NIFTY Auto generated technical analysis.

Happy Investing !

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