Monday, August 17, 2009

week view on markets and stocks

Nifty levels at which August series will expire
4300-4500 13%
4500-4700 75%
Above 4700 12%

View on realty stocks after sharp run up
Buy 50%
Sell 25%
Hold/Avoid 25%

View on metal stocks after sharp run up
Buy 63%
Sell 13%
Hold/Avoid 25%

View on power after recent IPO action
Buy 63%
Sell 13%
Hold/Avoid 25%
DLF looks an interesting pick here, one should accumulate the stock between 380- 400. I think that is the considerable support that comes in here. The price target here would be in the region of 460-470 in the short term, in the medium we could be heading to something to 500 plus. One should take bullish markets in this sector and I think that DLF could be an outperformer in the markets short term.

The other one is Ashok Leyland with a stop loss 36 one could look at the medium term target of 41 on this.


Jain Irrigation may be bought at declines at 660, maintaining a stop loss at 610 and a target of 725 levels.
The market may have flat to negative opening today. Nifty has supports at 4450-4500 and resistances are at 4650-4730.
watch to buy Mahindra Satyam as it is fully elgible to consider into the F&O inclusion. It was a corporate scam that has been corrected, and the ownership has changed. It’s a matter of time before Mahindra Satyam finds its way back into the Futures & Options list as well.
ONGC is also looking as best bet, as the long term chart is very bullish and taking turn to move up..



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