Recommendations for the Week - 25th Nov. to 29th Nov,2013.

November 24, 2013

Recommendations for the Week - 25th Nov. to 29th Nov,2013.

Market Mood:-

Last week we had categorically said “Market mood will be deceptive, volatile and you can mint money both on the sides of Nifty Future.” For the first 2 days it was up and last two days it was down.

For the coming week also we maintain that market will be deceptive…volatile. During last week Nf closed below 6050 for the last two days….if it closes below 6050 on Monday (tomorrow) and also on coming Friday….then only we see fall in the market.

Being last week of the month….we see some bounce back above 6068.

Our Trading Call:-

Buy IDEA Above 175. Last close 174.75. Stop 171. Tgt 177/181/188.

Buy Ashok Leyland above 15.50. Last close 15.35.  Stop 14. Tgt 16.50/18/19.50/21.

Buy HDFC Bank above  645. Stop 641. Last close 643.90. Tgt 649/655/658/663/669/671.

If you need real time guidance in this market……market turning points, do contact us.

Have a Happy Week Ahead.

Hitesh Pairkh.