Showing posts with label ongc. Show all posts
Showing posts with label ongc. Show all posts

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..