Thursday, October 18, 2012

Hot Stocks For 18th Oct 2012

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                                   Hot Stocks For 18th Oct 2012                                                      
 
      Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss

         Hourly  Candelstick  Chart – Nifty fut

                  



52 Week High- 5855.60
52 Week Low– 4592.40
Weekly High – 5755
Weekly Low-5637.4 


R 3
R 2
R1
PIVOT
S1
S2
S 3
5740.68
5717.76
5691.38
5668.46
5642.08
5619.16
5592.78

                           JUSTIFICATION    (  Buy Side  & Sell  Side  )
Nifty fut Buy Above 5680 for the Targets 5700, 5720 & 5750 Stoploss 5640
Nifty fut Sell Below 5640 for the Targets 5615, 5595 & 5550 Stoploss 5680

Nifty future is looking weak on chart. Today’s close i.e. 5650 is good support level. If down side breakout (i.e. 5640) occurs then the target would be 5615, 5595 & 5550. And If upside breakout occurs (i.e. 5680) then, the target would be 5700, 5720 & 5750 with strictly stop loss of 5640 for buy side and 5680 for sell side.   




BUY SIDE STOCKS  FOR  18-10-2012


DATE
NAME
STRATERGY
18.10.2012
RCOM
BUY ABOVE 62 TGT 63, 64 & 65 STOPLOSS 61
18.10.2012
RANBAXY
BUY ABOVE   552 TGT 557, 562  & 567   STOPLOSS 547

 RCOM AND RANBAXY are looking good on charts, we may see up trend to continue in it.  The RSI Oscillators and MACD Oscillators are also in favor side.


SUPPORT & RESISTANCE LEVELS FOR 18-10-2012



DATE
NAME
R 3
R 2
R1
PIVOT
S1
S2
S 3
18.10.2012
WIPRO
364.03
360.71
356.38
353.06
348.73
345.41
341.08
18.10.2012
TATASTEEL
437.28
430.06
418.63
411.41
399.98
392.76
381.33
18.10.2012
PUNJLLOYD
58.93
57.26
54.73
53.06
50.53
48.86
46.34




SELL SIDE STOCKS  FOR  18-10-2012



DATE
NAME
STRATERGY
18.10.2012
COALINDIA
SELL BELOW 352.5 TGT 349, 346 & 343  STOPLOSS 355
18.10.2012
DRREDDY
SELL BELOW 1680 TGT 1670, 1660 & 1650  STOPLOSS 1690
18.10.2012
EDUCOMP
SELL BELOW 161 TGT 159, 157 & 155  STOPLOSS 163

COALINDIA, DRREDDY AND EDUCOMP are looking weak on charts, we may see down trend to continue in it.  The RSI Oscillators and MACD Oscillators are also in favor side.


DISCLAIMER: Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on Technical ANALYSIS only.

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