Monday, July 2, 2012
Markets turn positive - SHORT TERM STOCK IDEA - Jain Irrigation Systems Ltd buy for TGT 90+++
Start of the new derivatives segment and anticipation of positive economic measures to be announced by the PM-FM in the next few days and clarity on GAAR buoyed the market sentiment on Friday. Incidentally, the FIIs remained net sellers in the cash segment but were net buyers in the derivatives segment.
The market sentiment has now turned positive but it is important that the markets witness follow-up buying support at higher levels for the Nifty to move higher and test the 5500 level. In the meanwhile, the markets would continue to take cues from the global markets, crude prices, the Dollar-Rupee rate and the news flow on domestic issues.
Short Term traders should BUY Jain Irrigation Systems Ltd for Target 90+ ( cmp 82-83) in short term - its has given a breakout above 80 levels and the 10 + 13 + 20 days averages are placed serially for a upmove which is a very positive sign for the scrip for a upmove.....sl should be arnd 75 levels....FOR MORE BLAST IN FUTURES AND OPTIONS SEGMENT JOIN US for only 15,000 for 12 months...mail us at firstname.lastname@example.org
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Posted by Sokhi Trading !! at 8:28 AM
All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.