Call for 08-12 September

By | September 7, 2008

Nuclear Deal Done Good for India Hard Fought Battle won after 33 years.

But we should not get over excited.Market is showing good resilience on account of this news in the previous week.We should except gradual change in India’s Economic outlook with the progress of Nuclear Deal.

Outlook for Coming week

Nifty will open gap up tomorrow probably around 4421 Levels.but nifty around these levels for a tgt of 4490

Buy 4400 Put and exit id Nifty crosses 4540 as already discussed in http://brameshtechanalysis.blogspot.com/2008/09/nifty-weekly-08-12-september.html

Stock Specific Action

Reliance Buy above 2100 possible tgt 2125 2145 2170 2255 Keep a Sl of 2050

BHEL Buy above 1760 TGT 1 1788 TGT 2 1824 TGT 3 1850 SL 1720

LT Buy above 2669 TGT 1 2689 TGT 2 2700 and 2800 (If market remains positive)

HDFC Bank and SBI good upside

RNRL Reliance Capital and Rel infra 5-10% upside

ROLTA showing good strength possible tgt can be 390 in coming days Buy in dips till 324 SL 320

Keep a Default sl of 2% from ur buying price and keep trailing SL

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