NIFTY STOCKS RECOMMENDATIONS

Derivative Strategy for August 7, 2012
Scrip	CMP	Recommendation	Target	Stop Loss
NIFTY	5,297	BUY	5,360	5,270
GAIL	361	BUY	368	358
KOTAK BANK	562	BUY	575	557
BPCL	347	SELL	336	351
WIPRO	344	SELL	338	347

**** PLEASE TRADE ABOVE AT YOUR OWN RISKS AND LIABILITY AND WE DO NOT GUARANTEE ANY PROFITS

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NIFTY AND STOCKS RESEARCH

Indian indices ended marginally higher at 5347.90, up by 27.50 points or 0.52%, market opened on the cautious note following the warnings from Fitch for a possible downgrade of India's credit rating and lack of positive cues from Asian peers. However, Market gained momentum in late trading hours after value buying in index heavy weights. Nifty has formed a big Bullish candle on daily charts closing almost at the high of the day, index holding its supporting trend line indicating that short term uptrend is still intact and Nifty finds buying support at lower levels. However, Nifty closed at tab below it major resistance zone of 5,360‐5,380. In the coming session, sustaining above the 5,380 mark will see follow up buying towards 5420‐5460. Failure to make headway above 5,360‐5,380 will see the index react lower towards the support placed around 5300. Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,330. First resistance for the Nifty is 5,...

LIFE CHANGING WORDS

WHATEVER FEELINGS YOU HAVE WITHIN YOU ARE ATTRACTING YOUR TOMORROW. WORRY ATTRACTS MORE WORRY.ANXIETY ATTRACTS MORE ANXIETY.UNHAPPINESS ATTRACTS MORE UNHAPPINESS.DISSATISFACTION ATTRACTS MORE DISSATISFACTION. AND JOY ATTRACTS MORE JOY.HAPPINESS ATTRACTS MORE HAPPINESS.PEACE ATTRACTS MORE PEACE.GRATITUDE ATTRACTS MORE GRATITUDE.KINDNESS ATTRACTS MORE KINDNESS.LOVE ATTRACTS MORE LOVE. YOUR JOB IS THE INSIDE ONE .TO CHANGE YOUR WORLD, ALL YOU HAVE TO DO IS CHANGE THE WAY YOU FEEL INSIDE.HOW EASY IS THAT?

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