Weekly Hot Calls for July 21-25 - Inder Bhatia

Buy SBI above 1298; TGT 1298 1363>1401; Stoploss 1253;
Buy ICICIBANK above 618; TGT 651>682; Stoploss 597;

Buy NTPC above 172; TGT 183>191; Stoploss 167;

Buy RELCAP above 1105; TGT 1155>1183; Stoploss

Hot Stocks for the Week July 7-11 - Inder Bhatia

Buy RELCAP above 998 TGT 1053>1088 Stoploss 971.

Buy PUNJLLOYD above 229 TGT 245 >262 Stoploss 219.

Short-Term: Buy BHEL above 1503 TGT 1582–1630 Stoploss 1467.

Buy IFLEX above 1527 TGT 1616 >1664>1712 Stoploss 1483.

Nifty and Stocks Weekly Update for June 2-6 - Inder Bhatia

HOURLY CHART: The Indian market closed on a green note after a choppy session. The market saw some buying in the late session due to the strong GDP numbers. The Indian GDP reported a growth of 8.8 percent for the quarter ended March 2008. The GDP growth in FY-2008 was 9 percent. For the coming session we can see upward direction to 5031, if it crosses 4934. The RSI is showing divergence on the charts. On the lower side the 4800-4770 zone will act as a strong support .

DAILY CHART: Nifty lost 1.5 percent due to a rise in inflation figures, however the market managed to close in the green. For the coming session, if Nifty manages to close above 4914, it can test 4977-5031. However, closing below 4838, it can test 4770-4625. On the daily chart, Nifty is trading near the main support zone. If it breaks the yellow trendline, it can see more selloff. For the week, 4934 is a key level to watch.


WEEKLY CHART: Nifty is still rangebound. 4650 is the support on the lower level and 5400 is resistance on the upper side.


STOCKS TO WATCH:
Buy Gujarat Alkali above 199; TGT 206 >212; Stoploss 194.50.

Sell Relcap below 1191; TGT 1156 >1143; Stoploss 1213.