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HOT Picks - RAJESH EXPORT : Our Target Intact : 1250
On the down side I see a good support at 4860 and 4741. Market not expected to go below this. If it all happened that market happens to break 4741 by any reason then panic selling is expected to emerge which will straight away drag down the market to 4485
On the upper side I see a minor resistance at 5056 then 5125, then 5256 and then a good resistance at 5355. If we happen to break this resistance then we will straight up movement to 5550 and then 5650
Today market looks in uptrend but every rise will be accompanied by selling. I will have a strong watch on Nifty future, it is showing some signal of improvement. Total strategy only for clients
Indian markets are likely to pull back strongly with momentum stocks taking the front seat.
Pick No 1- Sell Akruti Nirman (bse code 532799) - Currently trading at 1165.7 in BSE. We would give a sell signal at this level taking stop loss 1200. Below 1153 it is expected to show down momentum. Final target and final stop loss only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
Pick No 2 - Buy Lic Housing (bse code 500253) - Looks good at this level. Currently trading at 298 in BSE Ideal stop loss would be below 292... Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
Pick No 3 - Buy Remsons India (bse code 530919) - Looks good at this level. Currently trading at 35 in BSE, Ideal stop loss would be below 33.5... Final target and stop loss would only for clients. Clients will exit only after our SMS. You people see the market and trade accordingly. Advise you to buy or sell this position seeing the market conditions
PNB, Patni computers and Vishal Retail are the stocks in the news today
Punjab National Bank is planning an IPO of the wholly owned subsidiary PNB Housing Finance Ltd in the coming months to help fund its business growth.The decision is expected to be taken within the next 6 months.PNB Housing needs more capital to scale up its operations and that the bank does not want to infuse more capital in the subsidiary.So they have decided to go through the equity route
Patni Computer Systems Ltd said on Thursday its board will consider a share buyback at a meeting on Feb. 5 and Feb. 6. The stock closed at 232 on Thursday.
Vishal Retail Ltd which became public in June 2007, reported a third quarter net profit of Rs15 crore on better margins and increased sales.The company, which opened 27 new stores in the October-December quarte. The company has 82 supermarkets and specialty stores in more than 50 cities