Nifty Calls for target 5940

My last advise was to get out of market below 6020 and see major panic happened after that.Now time has come to start trading again.
My view is that Nifty has made a botoom of 5690 on friday for time being and now Nifty future is trading at 5800.
My call is to buy Nifty at 5800 with stop loss of 5730 for target of 5940 within 2-3 days.

Market update

Market has corrected around 4 % in last three days on the weak global cues.I will suggest to stick with your long positions on my calls with its stop losses on closing basis and exit out of your long positions if Nifty closes below 6020 or its stop loss triggers.

HCC

Buy HCC as the stock is breaking out above 65.50 from its triangle pattern and is ready to move for a target of 73-75 with stop loss of 61.

Jaiprakash Associate

Well after long time Jaiprakash Associate is trying to break out of this channel and Stochastic Oscillator along with MACD are also showing positive signs on the weekly charts.So one should go long above 135 with stop loss of 124 on closing basis for a target of around 165.Looking at the cement stocks performing fabulously in the recent days,one should definetly take long position in the stock,if it holds above 135.

MRPL call active

MRPL trading above given rate of 85 .Call is ative now,So go and buy it.

Book Profit In ICICI Bank

Book profit in ICICI Bank at 1242 as target is almost reached.

ICICI BANK

ICICI Bank has come out with good set of numbers and it has given close above 1158-1160 which is almost one of the highest close of the recent past,So one should take long position in the stock with stop loss of 1100 for target of 1250.

Book Profit In Raymond

Raymond is trading at 432 ,book full profit in it as it almost more than 10 % return now and stay invested in other calls...MRPL is hovering below 85,once it start trading above that level,our call on it will become active and Apollo tyre has not gone above 85 and so call on it dint got initiated and it is down from there,So avoid that stock from your radar.

Nifty And Overall Market Update

The huge volatility and up down seen in the last few days is nothing but the changing of position from weaker hands to stronger hands.This rally of 700-800 points on Nifty after getting out of  4600-5500 range is not going to correct in a massive way so early.So stay in the market with full conviction as Nifty seems to target 6500-6600 before breaching 5700 mark in a couple of months.And this 5-7 % correction in such a momentum market does not last for more than 3-4 trading seesions,So stay in and earn money :)

Partial Profit book in Sesa Goa and Raymonds

Sesa goa call given at 345 has almost achived its first target and is trading around 385,So one can book partial profit and stay invested for the rest.

Raymond call initiated at 380 is now at 410,So partial profit can be book in this counter also and can wait for some more move for the rest.