Hope all of u have rocking weeks as all our calls were bang on Targets which include Sataym also which gave up almost 50%
This week Stimulus Package 2.0 has come which we can see a good opening on Monday Morning,But we all should not get excited by it.
Nifty will face a stiff resistance 3110-3113 Range,Once that is crossed and sustained positions can be taken in Nifty for a target of 3200 and 3250.
Till 2990-3010 Range dips should be used to take longs
Insurance is must so better take 2900 and 2800 puts for all your longs.
Reliance above 1306 will move for a tgt of 1354 and 1400 Sl 13220
LT a beneficiary of Stimulus package 2.0 above 837 will fly to 860 and 900
Chambal buy for a tgt of 45 and 48 sl 38.50
Srei Infra has shown a good breakout on charts Buy for a quick 5-10% gain
Moser Baer – Buy on corrective dips to Rs.71 – Rs.65 with a stop loss of Rs.59. Expect the higher range of Rs.80 – Rs.96.
Power Finance Corpn. – Hold long positions with a stop loss of Rs.120. Corrective dips to Rs.132 – Rs.126 can be used for buying with a stop loss of Rs.120. Expect higher range of Rs.141 – Rs.157.