Friday, May 8, 2009

Shipping Stock On Radar

We would like to recommend shipping stocks and related stocks. Stocks like Shipping corp are looking attractive at Rs 90. Other related stocks like Bhartiship Yard and ABG look hot and might break out from the current levels and there is a lot of room for run up.Great Offshore looks like a great bet after Bharti Shipyard picked up nearly 15 percent stake in the firm.

Day traders are adviced to keep an eye on GE Shipping, Bank of Rajasthan and last but not the least GMR Infra, which are looking great from short term trading prespective. Overall, a positive close for the week is in the making with midcaps leading the way

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