Recommendations for the Week - 18th Nov. to 22rd Nov,2013.

November 17, 2013

Recommendations for the Week - 18th Nov. to 22rd Nov,2013.

Market Mood:- Market mood will be deceptive, volatile and you can mint money both on the sides of Nifty Future. As long as 6050 is not broken for 3 days in a row with a weekly close (Friday’s close) also below 6050….we see the bullish trend will be maintained.

Our Trading Call :-

Buy HCL Tech above 1080. Stop 1050. Tgt 1110/1135/1150.

Buy IDEA Above 171. Stop 167. Tgt 173/177/181/188.

Buy Ashok Leyland above 15.50. Stop 14. Tgt 16.50/18/19.50/21.

Learning from Master:-

“In my opinion, the primary factor in securing market profits lies in sensing the general trend. Are we in a deflation or inflation period? If the former, I would hardly bother to analyze most equities.” Mr.Gerald Loeb in 1957.

In recent past those invested in 2000 to 2003 / 2008-2009, when economic activities were at the lower end, made tons of money when economy revived. The above quote is still valid.

If you want to make sure shot money on your investments, do write to us.

Have a Fantastic Sunday.

Hitesh Parikh.