DATED 11/1/12 STOCK AND MCX MARKET NEWS ........................

Pre Market Call - Buy LOVABLE for target of 357 with stop loss of 309 . . . . . . . Comments - In daily chart scrip has given triangle upward breakout at 319 levels with huge volume supported by positive indicators, forming bullish candle indicates possible uptrend. Now on upper side scrip has immediate resistance at 333 levels. If it crosses & sustain above this, then possible target comes to 357

 

Pre Market Call - Buy DLF on decline around 182 for target of 196 with stop loss of 178 . . . . . . . . Comments - In daily chart scrip has given falling wedge pattern upward breakout at 183 levels with increasing volume, supported by positive indicators, indicates possible uptrend. From here near term possible target price comes to 196.

 

Pre Market Call - Buy BPCL for target of 499 - 509 with stop loss of 470 . . . . . . . . Comments - From the top of 565 (02/12/2011) scrip was in down trend forming lower tops & lower bottoms & made a low of 459 (05/01/12). From there it started moving upward & on Tuesday it closed above it’s 10 day’s moving of 474 & previous lower top of 479 at 484 with increasing volume supported by positive indicator, indicates possible uptrend. From here near term possible target comes to 499 – 509.

 

Pre Market Call - Buy Jai Corp Around 70 Target 72 - 74 Stop loss 68