QuickGains Newsletter 13 November

GOOD MORNING.

DEAR FRIENDS,

DOWN, BUT NOT OUT!

MARKETS ARE EXPECTED TO REMAIN VOLATILE & CONSOLIDATE AT LOWER LEVELS. BREAK BELOW YESTERDAY'S LOW OF 18333.21 BY MORE THAN 50 POINTS WILL LEAD MARKETS LOWER TO 17800 (MARGIN OF 100 POINTS).

MAINTAIN STOCK SPECIFIC APPROACH WITH EMPHASIS ON STOCKS WITH FRESH BULLISH BREAKOUTS. ACCUMULATE RECOMMENDED STOCKS AROUND SUPPORT LEVELS.

KEEP TRAILING STOPLOSSES TO YOUR WINNING TRADES & STOPLOSS TO YOUR FRESH TRADES. AVOID OVERTRADING. MAINTAIN 20 - 35% CASH.

TODAY, SENSEX FINDS SUPPORT AT 18630 & 18450. RESISTANCES ARE LINED UP AT 18935 & 19115

HMT LTD (BSE CODE 500191) CMP 85.25STOCK IS SEEING VIOLENT UPMOVES FOLLOWED BY EQUALLY BRUTAL CORRECTIVES. STOCK IS FINDING STRONG SUPPORT AROUND 75, ONE MAY ACCUMULATE UPTO THE GIVEN SUPPORT LEVELS WITH STOPLOSS PLACED AT 73 WITH MEDIUM TERM OUTLOOK TARGETTING 97 & 110. CROSSOVER ABOVE 116, WILL FETCH TARGET OF 140.

ITI LTD (BSE CODE 523610) CMP 56.55THIS IS A TWIN STOCK OF HMT LTD. BOTH THESE STOCKS MOVE IN TANDEM. SUPPORT IS PLACED AT 49, BUY UPTO THIS LEVEL WITH STOPLOSS PLACED AT 47.50. STRONG MOMENTUM BUYING TO EMERGE ABOVE 61 TARGETTING 68, 78 & 90 IN EXTREME SHORT TO SHORT TERM.

TAKE CARE!

BEST REGARDS,