Tuesday, September 9, 2008
Stock for 10/10/2008
Monday, September 8, 2008
Stock for 09/09/2008
Sell Tatasteel with a stoploss 576 Target 532-491
Buy NTPC with a stoploss below Rs 173 for targets Rs 179, Rs 181 and Rs 185.
Sunday, September 7, 2008
Market Outlook
GAIL India
Reco price: Rs 399
Current market price: Rs 416.25
Target price: Rs 529
Upside: 25.8%
Brokerage: ICICI Securities
Satyam Computer Services
Reco price: Rs 433
Current market price: Rs 415.80
Target price: Rs 521
Upside: 20.5%
Brokerage: Sharekhan
ITC
Reco Price: Rs 191
Current market price: Rs 189.60
Target Price: Rs 218
Upside: 15.2%
Brokerage: India Infoline
A sideways rangebound market is being witnessed in the wider band of 15800-13727 with bias shifting to alternate week. If the triple zig-zag count still holds, then the bias is for a weaker market. To establish a stronger market needs more hard work and repair job by bulls. Actually the market is in no man’s land.
Strategy for the week
Exit long positions on rise to 14966-15579 range as the opportunity arises. Choppy and sideways market makes it difficult to take a trading bias.
Thursday, September 4, 2008
For 05/09/2008
Buy HDIL with a stoploss of Rs.275 for a target of Rs.415
Buy Orbit Corporation with a stoploss of Rs.250 tgt of Rs.385
Sunday, August 31, 2008
Stock for 01/09/2008
Outlook: The intermediate uptrend may still be alive. The short-term trend is up. The market could run up till around 4,450 or even 4,500 before it hits serious resistance. However, sustaining an uptrend will be difficult without the participation of institutions.
Entertainment Network India
Current market price: Rs 293.20
Target Price: Rs 383
Upside: 30.6%
Brokerage: Prabhudas Lilladher
Fortis Healthcare
Reco price: Rs 67.6
Current market price: Rs 75
Target Price: Rs 88
Upside: 17.3%
Brokerage: ICICI Direct
Balrampur Chini
Current Price: Rs 92.35
Target Price: Rs 98
Punj Lloyd
Current Price: Rs 301.15
Target Price: Rs 335
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