Newsletter 16th June 2006 ...day after 8800

Nooruddin Fidai wrote:
Date: Thu, 15 Jun 2006 20:53:18 -0700 (PDT)From: Nooruddin Fidai Subject: QUICKGAINS PREMIUM NEWSLETTER 16/06/06To: aaaaaaaaaaaaaa aaaaaaaaaaaaaa1111222@coolgoose.com

( This is what we wrote a day after the 8800 low made ....We said it at that time 8800 seen will never be seen again for a long time ...rather never...Read all the things written in our previous newsletters put in here and see whats happening and what we said )

Newsletter 16th June 2006

GOOD MORNING.

DEAR FRIENDS,

A FLASH IN THE PAN???

IF YESTERDAY'S RECORD BREAKING RISE WAS A FLASH, THEN IT WAS A WELCOME ONE!

TECHNICALLY TOO, A CORRECTIVE UPMOVE WAS DUE. WE ARE GLAD THAT MARKETS DID RISE FROM 8800. LEVEL OF 8800 IS VERY IMPORTANT AND A BOUNCE BACK FROM THAT POINT WAS IMMINENT.

THIS UPMOVE SHOULD CONTINUE AND TOUCH 10280. IF THAT HAPPENS THEN WE CAN SAFELY ASSUME THAT 8800 IS A MAJOR BOTTOM THAT WILL LAST FOR A VERY VERY LONG TIME TO COME.

THE MOVE TO 10280 WILL NOT BE A SMOOTH ONE, BUT, IT WILL FACE HURDLES AT 9670, 9735 & 9900.

TODAY, IF SENSEX IS ABLE TO CLOSE ABOVE 9810 - 9860 LEVELS THEN WE HAVE SEEN THE WORST AND ONE MAY LOOK AT BUYING INTO STOCKS WHICH HAVE COME OUT WITH STRONG NUMBERS AND ARE AVAILABLE AT THROWAWAY PRICES ON EVERY DECLINE WITHOUT ANY FEAR OF FALLING BACK INTO THE IMAGINARY ABYSS CREATED BY BIG NAMES WHO COME ON THE IDIOT BOX.

STOCK WHICH SHOULD BE CONSIDERED FOR VALUE PICKINGS ARE -

IPCL, ACC, CIPLA, DABUR INDIA, DR. REDDY'S, GRASIM, HIND. ZINC, M&M, GLOBAL TELE, NIIT LTD., RIL & ZEE

THIS IS OUR ELEVEN TO MOVE INTO NEW BULL ZONE OF STOCK MARKET WORLD CUP.

TODAY, TRADERS MAY KEEP AN EYE ON

BHARAT FORGE - IF ABLE TO BREACH 325 THEN STOCK WILL MOVE FURTHER UPTO 350. MAINTAIN STRICT STOPLOSS AT 300 AND BUY AROUND THAT LEVEL. LION HEARTS CAN GO SHORT WITH STOPLOSS PLACED AT 325.50 AND GO SHORT FOR TARGET OF 305.

IPCL SHOULD TOUCH 255 & 259. BUY AT EVERY DECLINES WITH STOPLOSS AT 232.

ACC MAY TOUCH 760.

BEST REGARDS,

NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
NOTE:
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