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MARKET OUTLOOK FOR APR 22


SAFE HEAVEN
 BY
MUSHTAQ KHAIR
 


This document contains about 8-12 investment calls during the month. Mainly mid-cap stocks with low pricing. Some front line stocks with high pricing are also given which may or may not have future trading facility. These investments block your money for 1-4 weeks. Average rate of return is 10% and more on your full capital investment.

       Email: analyst_mhk@hotmail.com
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 WEEKLY NEWSLETTER
APRIL 27 - APRIL 31
 
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MARKET LEVELS		 RESISTANCE
2 1 1 2
6215 6270 SENSEX - 6299.20 6318/24 6350/82
1921/11 1930 NSE - 1948.55 1955/59 1971
 

WEEKLY OVERVIEW & BRIEF TECHNICAL


Be cautious at higher levels

Pull back still continues on low volume. We are heading towards given resistances at 6324/6382 on (BSE) and 1959/1971 on (NSE). Analysis remains the same that higher levels will attract selling and market will eventually come down. Our downside targets in coming weeks for the intermediate correction from 6948 (being 5913/5690/5270) remain valid.

The current fall is yet to complete its wave pattern, till then there will be only pull-back rally. Only closing above 6382 will probably tell us that we are in a relief rally within the ongoing down trend. It is therefore advised to be cautious at higher levels and use those opportunities to sell short.

 

 


SAFE HEAVEN
INVESTMENT IDEAS
(with 1 - 3 months perspective)
 
CALL DATE STOCK ENTRY SUP RESIST S/L RECOMMENDATION TARGET TARGET ACHIEVED ON RETURN
T1 T2 T1 T2
01/09 IVRCL 70/72 72
70
69		 78
80
86
91		 68


Buy at current level & at 70/72 for the second target with a given stop-loss.
 

 80 90 03/10 07/10 +20.0%
01/09 BALAJI
TELE		 69/71 69
68
67
65		 73
76
80
84		 64


Buy at current level @ 69/71 for the second target with a given stop-loss.
 

 76 84 01/09   +8.45%
 

 

                      
 

 

                      
 

 

                      
 

 

                      
 

 

                      
 

 

                      
 
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Feedback and comments are invited from the readers.
analyst_mhk@hotmail.com
 


DISCLAIMER:
Authors recommendations are solely made with the purpose to educate the market participants/traders/investors and to enable them to derive maximum benefits by acting upon them. while due care has been taken in preparing these comments, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendation.