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Welcome to Market Insights.
This week we have Nirmal Bang analysing Monte Carlo Fashions IPO. They recommend investors to subscribe for the listing gain as well as with a long term view. HDFC Securities offer analyses on NSE Bank and expect and up trend move in the index. SMC provides technical analysis on Dish TV, Vijaya Bank and Exide Industries. Profit Track offers hot stock pick for the week. Lastly, Rohit Shah lists down 6 ways in which you can save tax.
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|NSE Bank: Immediate support is placed at 17900 levels|
|The detailed study of NSE Banking sector is demonstrating an excellent up trend move, but upside momentum is lacking with the current upmove and this is not a good sign for the positive trend. The next upside region to be watched is around 18700-18750 and immediate support is placed at 17900 levels for next week.|
|Technical Calls: Dish TV, Vijaya Bank, Exide Ind|
|SMC recommends investors to buy Dish TV in the range of 61-63 levels for the upside target of 70-75 levels with closing below SL of 58.20. It also remains bullish on Vijaya Bank and Exide Ind.|
|Hot buy for the week: Kuantum Papers|
|Investors can buy this stock with stop loss of Rs.90. On the upper side it will zoom up to Rs.135-140 levels in the medium term and if KPL gets a PE ratio of 5, its share price should reach Rs.210+ in the next 9-12 months.|
|6 ways in which you can save tax|
|Apart from financial statements, it would be interesting to study what the management of a company says about its recent performance, growth potential, risks, liabilities and other related factors. While auditor's report, notes to the financial statements, accounting methods and disclosures are some of the other important sections that provide an insight before investing in the company.|
|Today's Technical Call by Suresh Sharma
L&T: Intraday sell @ 1654-1656 with Stoploss of 1662 with target of 1638-1635
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