Wednesday, June 29, 2011

IDFC

Looking at the momnetum in market and movement in Pvt. Banking shares,counter like IDFC can not remain on the side lines,the counter is trying to break the falling trendline.So one should buy the stpck above 130 with closing basis stop loss of 122 for a target of around 141-144 with a time frame of a week atleast.

Monday, June 27, 2011

Piramal Healthcare

Buy the stock if it moves and holds above 378 level with a stop loss of 367 on closing basis for a target of around 400.

Wednesday, June 22, 2011

No long Position

Dont keep a single long position till any confirmation comes from the market,which in my view wont come before 5475-5525.Stay aside and play shorts where ever you get the chance.

BIG NO to carry over long position.

Cummins India

Sell the stock below 675 for a target of 625 around with a closing basis stop loss of 690.As the stock is on the support level of the downward channel and markte is not in a good shape,So one can enter into this trade once it holds below the given level.

Thursday, June 16, 2011

Lic Housing Finance

Lic housing is showing strength since last month and after a move from 220 to 237 the stock has corrected till 221-222 and is now again moving up,So if the stock moves and holds above 227 which is a break out level of the Flag formation then one can go long on it with a stop of 220 on closing basis for a target of 242-244.

Monday, June 13, 2011

Hind Unilever

The stock is in up trend with a triangle formation and the stock was in news last week that P&G is interested in taking  stake in one of its business segment,So one can buy the stock with 4-5 days time frame once it holds above 313-314 with a target of 330-330 with a strict stop loss of 308 on closing basis.