One small correction likely in this week

Since last five weeks market is moving so fast that people have almost forgotten MANDI of last 13 months. Everywhere in world markets are rosy. SENSEX is at top of last six month but in stock specific rise is 50% to 150%. People earning from MANDI have lost heavily

In last five weeks.

I am always advising to do business according to trend. Since last three months I am telling you that this is not a time for long term investment but this is golden time for positional trading.

Now after 5 weeks, now market is looking highly overbought therefore one small reason can create heavy profit booking in market so stay away from frontline stock and trade only in mid cap, small cap stock in next week, as per my thinking small correction may come in this week

BSE SENSEX

Last close: 10803

Sensex closed in green in last six trading seasons and last week was 5th straight week when senesx close in green. Now market is looking overbought and expects one small correction in frontline stock. For next week sensex has strong support @ 10655 level, break will take it to 10353, 10171 level, remain long or buy on decline with stop loss of 10059. On upper side 10945 is strong hurdle, cross over will take it to 11257, 11364 level in coming days…

Nifty future

For next week nifty future has strong support @ 3308 level, break will take it to 3217, 3157 level, remain long or buy on decline with stop loss of 3124, on upper side 3413 is strong resistance level ,cross over will take it to 3450, 3489, 3556 levels in coming days…

Some small stocks for positional traders

GTL INFRA

Last close: 31.20

Something cooking in this counter at lower level, any time any movement huge exploration will start in this counter. Positional traders can buy this stock at every decline with stop loss of 29, on upper side above 33.50 stock will zoom to kiss 37..50, 41 levels in coming days…

VIJAYA BANK

Last close: 26.40

Last week I recommended this stock @ 24, still I am highly bullish for this bank stock, remain invested or add at every decline keeping stop loss of 24, on upper side stock will zoom to kiss 30-32 levels in coming days…

GUJARAT NRE COKE

Last close: 24.80

Weekly chart is looking highly explosive, at current level stock is available with 10% dividend yield, 9 month’s profit is good. Source says stock is on age of blast, buy at lower level keeping stop loss of 22, on upper side stock will zoom to kiss 30-33 levels in coming days…

CENTRAL BANK

Last close: 42.50

Stock is ready to cross 50 level, buy at lower level keeping stop loss of 39, on upper side stock will zoom to kiss 48-50 levels in coming days…

KNR CONSTRUCTION

BSE Code: 532942/NSE

Last close: 46.70

It is best infrastructure company stock for long term investors, for positional trading it is also looking highly explosive. Chart is looking strong. Positional traders can buy this stock on every decline keeping stop loss 41, on upper side stock will zoom to kiss 52 level, cross over will take it to 61, 69 levels in very short time…

SUPREME INFRA

BSE code: 532904/NSE

Last close: 33.85

This is another small cap infrastructure stock looking strong for long term. Buy this dividend paying company’s stock on every decline with stop loss of 28, on upper side stock will zoom to kiss 40 level, cross over and close above will take it to 46, 53 levels in coming days…

SATYAM COMPUTER

Last close: 47.15

Highly risk taker traders can buy this stock keeping stop loss of 43, on upper side stock will zoom to kiss 53 level, cross over will take it to 59, 61 levels in next week..