20/08/2008

MY DEAR FRIEND

MARKETS PICKS FOR 20/08/08

BUY Stride Arcolab TGT 232

BUY Berger Paints TGT 62

SELL Jain Irrigation TGT 380

SELL Aztecsoft TGT 50

BUY Amara Raja Batteries TGT 183

BUY GMR Industries TGT 132

SELL SEL Manufacturing TGT 240

SELL IFCI TGET 40

SELL Lanco Infratech TGT 247

TOP BUYS FOR WEDNESDAY

Jyoti Structures SL 130 TGT 183

Samtel Colour SL 12.80 TGT 17.8

Megasoft SL 74 TGT 139

MRPL SL 61 TGT 82

Subex SL 114 TGT 134

TOP SELLS FOR WENESDAY

Indo Rama Synthetics SL 31 TGT 21

Karnataka Bank SL 141 TGT 115

Dabur India SL 98 TGT 75

Apollo Sindhoori SL 54 TGT 38

ACC SL 583 TGT 510

Ganesha finds this day better in comparison to the previous day. Avoid taking any action till 10:10. Wait till the opening of Nifty and do not take any decision immediately.

From 10:10 to 10:23, though this a short phase, Nifty may try to catch an upward trend steadily.

From 10:23 to 11:05, the graph of Nifty may take the form of the alphabet 'V'. But, the inclination of the graph depends on the previous phase.

From 11:05 to 12:01, Nifty may face turmoil and go downwards. Be cautious and don't blame your luck if you face losses.

From 12:01 to 14:21, the market phase is worst. So, Ganesha advises you to not to indulge in any sort of trading

From 14:21 to 14:35, if you have set an upper limit for trading then you may cross this limit. But, consider this in comparison to the previous phase.

From 14:35 to 15:30, Nifty may play a one sided game. Don't wait to book profits till the market closes, advises Ganesha. It's better to exit from the market gradually.