Sunday, May 24, 2009

Next week market outlook and stocks to buy

Dear friends,
Last week on 22-5-09 Nifty closes at 4238, where there's a short term resistance. If nifty crosses 4250 and holds, hope 4350 is very soon by this derivative closing. Hold all buys as long as nifty holds over 4200. If it breaks,,, nifty may slips to 4120 sharply..

Stocks to watch this week
1. RNRL hold/buy tgt 85 SL 72.50
2. suzlon hold/buy tgt 105 SL 88
3. Satyam hold/buy tgt 60 SL 48

Watch carefully
Deep industries tgt 120 SL 92
Good luck steel tgt 200 SL 155
for short term

Have nice and profitable week

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