Nifty Levels and Stock Talk

Nifty View for Thursday

Nifty is overbought.and 3400-3420 is very strong resistance.
Nifty closing was 3343.tomorrow nifty will test 3400 levels.sell nifty at around 3380-3390.Tomorrow nifty should go till 3400 levels and sell-off should come there and the closing should be well below 3400(around 3350),if that happens hold your short position for next week.On the flip side if nifty manages to close above 3420 then next nifty target will be 3800.
In medium term nifty will go till 3800(1 month) from there sharp sell-off will come.

Stock Talk

Aban offshore: ltp(435), buy it at around 410-415 sl 390 tgt 455

Ceat has broken a resistance level at 40(ltp 45),buy at around 42-43(it should come to these levels because currently it is overbought) sl 39(closing basis) tgt 50-58 (1 month)

Escorts has taken upside breakout(ltp 42.85).buy it at 40-42 sl 38 tgt 55(in a month)

JP associate has taken a breakout,go long in it with sl 100(closing basis) tgt 123-140

ITI ltd (ltp 20.15),buy at 19.25 sl 18 tgt 25-32(1 month time)

Indiabulls financial Services buy at 92-95 levels tgt 120(and breaking that 145)( if it goes above 100,buy more)

watch niit

KS Oil cmp 46.65 buy with tgt of 55-62 ( 1 month)

Best one:
Indian overseas bank (cmP 50.45) buy at cmp and on dip with sl of 45 and tgt 60-76(in 1 month)
Unitech (cmp 39) buy at cmp tgt 52-60,has taken fresh breakout

Old calls
Buy bata at 110-120 tgt 160
tv18 can still buy at arnd 75(ltp 78)
reliance industry tgt 1800 and 1880
India bulls Securities(LTP 26.50 ) buy at CMP tgt 40 (in 1 month)

Stocks with RED color having higher priority of success followed by YELLOW stocks.