Calls for 22-26 September

By | September 21, 2008

Nifty Bounced from Lower Levels Made double bottom at 3800 which means a Intermediate Bottom has been formed and can see a bit of Upsteam Nifty charts updated in Previous post.

People who bought Reliance BHEL and other scrips recommended in previous post should have good money All stocks showed a good bounce and some profit should be book at lower levels.

Hedge your Self with 4000,4100 puts at 4450-4500 Nifty Levels

Stock Specific:

LT resulted in a higher bottom formation on the daily charts. A higher bottom formation is the initial sign of a bottoming out process in the short term. It’s Outperforming Nifty and will continue

Traders can buy the stock at current levels and on declines to supports of
Rs2,620-2,600 levels for the following targets A)Rs2,750-2,780
B) Rs2,825 levels. A stoploss above Rs2,560 is recommended on
all long positions

SBIN Now trade above 1577 lead it to the 1608 to 1651 level. At downside support at 1534 and then at 1503.

BHEL It go for 1735 level and if sustain above it then go for 1762 to 1804 level. At downside support at 1693 and then 1666. IF it sustain above 1800 than 1850 in on site BUt that look a grim possibility.

Relaince The news of KG basin will make this stock blast on Monday.A rally of 5-7% could not be ruled out today.Above 2139 it can touch 2208.

MoserBear above 110 can see a TGt of 115 and 117

Ispat is at its support of 19 can see higher levels Accumulate this scrip for 50% in 2-3 Months

IDFC accumulate till 65 Levels

RPL strong support at 140 Levels Buy around that levels.

Small Caps Picks

Confidence Petroleum
Hope people entered at 11 Levels Stock trading at 12 more to come its and excellent scrips

HB Stock Holding accumulate this scrip for a double tgt around 22 Levels

Any stock specific query ping me on bhandaribrahmesh@gmail.com

Keep a Stop Loss of 2% on all or longs id not mentioned and keep trailing your SL.

Regards

Bramesh

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