Where is Indian Stock Market heading next week April 8, 2013, Momday

The Indian Stock market both NSE and BSE has very bad session this week with markets falling more than 2% and many stocks have fallen five to ten percent. The global market especially European markets have been beaten sharply. And on Friday European stocks DAX, CAC and FTSE were down more than two percent but US market recovered from their days low and closed almost flat. Which shows that US is in the mode of progression and Dow and Nasdaq will move higher in days to come.

So what we can conclude from this. Our own Indian Stock market , shall see gap down opening on Monday and will recover from days low and for the week we can see market moving up around 2-3%.

So what stock should be on our radar. Q4 Result will start flowing from next week.

Buy Hind Uni Lvr ( HUL ) ( Cmp 470 ) for the target of 490 next week.

Sell HCL Tech For target of 720  Cmp 758

Buy R Com for target of 72 Cmp 63

Buy dish Tv for target of 77 Cmp 70

Sell Hexware for target of 87 Cmp 91

Futures and Options Call for April 2013

1. Buy WIPRO 440 PE around 12 for the target of 18-20 in two three days.
2. Buy R Com PE 55 aruond 3 for target of 4.5 to 5 in two three days.
3. Buy Maruti 1250 PE around 35 for target of 70 in coming one week.
4. Buy HindUniLvr Call 480 around 8 for target of 11-12 in three to four days.

Buy Hindustan Unilever for target of 480 by month end

Only only long term investors as well as short term traders should buy the stock of Hindustan Unilever cmp 450 for the target of 480 by end of February 2013.

The stock is fundamentally one of the strongest from the Nifty 50 stock. Hindunilvr is already down more than 10% from its recent high of 500. In six to nine months one can see the levels of 650 in Hindustan Unilever and by ear end around 750.

Short term traders should by the Call Option of strike price of 460 around 8 - 10 levels and sell around 16-18 levels in one to two week time.