Hot Stocks For 19th Oct 2012

Hot Stocks For 19^th 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
5843.38	5793.66	5764.23	5714.51	5685.08	5635.36	5605.93

                           JUSTIFICATION    (  Buy Side  & Sell  Side  )

Nifty fut Buy Above 5740  for the Targets 5760, 5780 & 5840 Stoploss 5710

Nifty fut Sell Below 5710  for the Targets 5690, 5670 & 5640  Stoploss 5740

Nifty future is looking good on chart for buy side. Today’s closing price is 5734.80 and the good support level is above 5720. If upside breakout occurs (i.e. 5740) then, the target would be 5760, 5780 & 5810 with strictly stop loss of 5710. If downside break out occurs (i.e. 5710) then, the target would be 5690, 5670 & 5640 with strictly stop loss of 5740.  

BUY SIDE STOCKS  FOR  19-10-2012

DATE	NAME	STRATERGY
19.10.2012	ABAN	BUY ABOVE  575 TGT 580, 585  & 590 STOPLOSS 570
19.10.2012	BAJAJ AUTO	BUY ABOVE 1780 TGT 1790, 1800 & 1810   STOPLOSS 1770

 ABAN AND BAJAJ AUTO 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. If ABAN breaks 575 then, the target would be 580, 585 & 590 with strictly stop loss of 570. . If BAJAJAUTO    breaks 1780 then, the target would be 1790, 1800 & 1810 with strictly stop loss of 1770.

SUPPORT & RESISTANCE LEVELS FOR 19-10-2012

DATE	NAME	R 3	R 2	R1	PIVOT	S1	S2	S 3
19.10.2012	EDUCOMP	168.30	166.15	164.50	162.35	160.70	158.55	156.90
19.10.2012	DRREDDY	1731.26	1719.88	1707.76	1696.38	1684.26	1672.88	1660.76
19.10.2012	JINDAL STEEL	443.30	432.90	426.45	416.05	409.60	399.20	392.75

SELL SIDE STOCKS  FOR  19-10-2012

DATE	NAME	STRATERGY
19.10.2012	AMBUJACEM	SELL BELOW 201 TGT 199, 197 & 195  STOPLOSS 203
19.10.2012	BHARTIARTL	SELL BELOW 263 TGT 260, 257 & 255  STOPLOSS 265
19.10.2012	GAIL	SELL BELOW 366 TGT 363, 360 & 357  STOPLOSS 369

AMBUJACEM, BHARTIARTL AND GAIL 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. If AMBUJACEM breaks 201 then, the target would be 199, 197 & 195 with strictly stop loss of 203. . If BHARTIARTL breaks 263 then, the target would be 260, 257 & 255 with strictly stop loss of 265. . If GAIL breaks 366 then, the target would be 363, 360 & 357 with strictly stop loss of 369.

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.