My
Dear visitor’s today on 15th July, the equity
benchmark Spot Nifty had a sharp fall in the opening bell and
ultimately failed to cross the Psychological Resistance of 5600 mark
and closed 18 Points lower at 5581 due to lack of major positive
triggers. The main reason seems to be that Market to be in a weekend
mode for your information due to the Global uncertainty, most of the
prudent investors does not like to hold any Stocks on Friday. Also
European uncertainties are the main concern and also their stress
test results are due today, that’s why Indian Market
Traded in quiet range bound session for the day with a disappointing
close for the week. Don’t expect any fantastic consistent up move
till September. 2011, and till then Market will remain in a range
bound state with usual abrupt volatility.
Intraday
Stock Tips For Monday 18 July 2011
1. SKSMICRO
(SKS Microfinance Ltd. ) -: High beta Stock, so be
careful. Very good for Intraday, but don’t try to hold the Stock –
BUY AT 524.10, Strict SL At 500 First Stop Loss and 492 2nd Stop
Loss, for An Intraday Target of 534-544-555 Strong
Resistance - 571-576 Book your profit as quick as possible.
2.
ALPHAGEO (Alpha Geo (India) Ltd.) -: Buy at 150.60, Strict SL at
142.50 first SL and 138 2nd SL , for an Intraday
Target of 152-153.80 Strong Resistance -161-165.60-167 Above 168, It
may reach up to 180 , Depending on Market situation.
3.
GITANJALI (Gitanjali Gems Ltd.) -: Buy at 304.50, Strict SL at
299.15, Intraday Target 307-308.50 Strong Resistance -
311-313-318-320.