Saturday, March 31, 2012

Trading Strategies for April 2012

BUY jaiprakash associates target Rs.86.20, levels once broken will lead towards 88.75

BUY BHEL only once price breaks Rs.257 with targets of 263.1 and 266.5
However If price fails to breach Rs.257 then short with targets of Rs.252 and Rs.241

Buy Golden tobacco for long term (Technical candlestick pattern has three black crows
which define a huge bullish candle towards Rs.62

IOL Chemicals is going to continue its bearish move towards Rs.19.5 therefore we would
recommend hold short positions

BUY ZODIAC CLOTHING WITH TARGETS OF RS.233 maintain a stop loss of Rs.198
Do not hold this stock for a long term, since this will continue to remain in a consolidation
phase for the next coming months, We are keeping a watch on this stock since it has
gained with volume of over 9 Lakh shares within a day's time, Therefore if it breaches Rs.250.5
it may continue to move north.

WE RECOMMEND GOING SHORT ON LUPIN AT MARKET RANGE OF RS.533-546 WITH TARGETS OF RS.409 AND RS.384

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