CLSA VIEW ON NIFTY(6796), ADVISES BUY NIFTY AT 6480 TGT 7036

CLSA VIEW ON NIFTY, ADVISES BUY NIFTY 6480 TGT 7036 


Laurence Balanco, CLSA says the brokerage continues to expect a period of weakness in the coming sessions. “However, the markets have confirmed the recent highs, which suggests that a pullback should be short-lived and followed by new highs,” he adds. 

 According to him, a pullback to the 6,480 area should be seen as a buying opportunity in anticipation of a move up the 7,036 area.

Franklin Templeton survey Meanwhile, Jitendra Sriram, HSBC says the market is up 7 percent year-to-date on hopes of a favourable election outcome and domestic cyclicals are rebounding markedly. He further says the brokerage believes a sharp recovery is unlikely. 

“However, domestic cyclicals, including energy, utilities and industrials could see rotation benefits,” he adds. Jitendra Sriram says the brokerage house is underweight on India within Asia. 

According to him, the Sensex target of 21,750 for CY14-end implies 4 percent downside from current levels.

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Src: Moneycontrol

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Advise buy if Nifty drops to 6480; target at 7036: CLSA

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GULF OIL (118) - 35% To 50% GAIN EXPECTED

Dear all

Lets Discuss Another Stock which Technically Breaks.

Gulf Oil Corporation(118)

Clearly Stock has Broken 3 year Chart range of 55-106 levels on Last week With Decent volumes.

Whenever A stock breaks 3 year range & If it trades Psychological or round Figure Like 100's,  It Could make Better Returns in terms of Technicals.

Accumulate GULF OIL(118) at Current Levels for a Potential Upside between 35% to 50% as a Short term investment.

Take a Sure Shot Call & Enjoy the Benefit of Good technical. Stoploss should be 106 on Weekly Closing.

 

SBI(1994) BOOK PROFIT PARTIALLY

Dear All

Our calls performance

SBI returned 35% Gain from Our recommended price of Rs 1501. Made High of 2030 level.

Refer Post:    SBI TECHNICALS - REVERSING OR NOT

 

TVS returned 16% Gain from the Breakout levels we recommended. High 101.50.

Refer Post:   Will TVS Motor Break 7 year Chart Level

 

Book Profit SBI Partially

Now we suggests Book partial Profits in SBI as Stock may find Strong resistances at 2052-2071 levels. Chart also suggests Overbought in Daily Charts & Previous support may act as Strong resistance.