4200 Levels to be watched as at this level call Writing has taken place and 3800 on Downside
Nifty Views Updated in http://brameshtechanalysis.blogspot.com/2008/09/nifty-weekly-29-03-oct.html
Please have a look at this post http://brameshtechanalysis.blogspot.com/2008/09/hope-people-have-exited-there-longs.html
Stocks Specific Trading Calls
SBIN Buy at 1404-1420 Levls for a tgt of 1486 SL 1375
Reliance Buy at 1950-1970 Levels TGt 2013 and 2063
LT will be going Ex Bonus so trade with caution Buy at 2450-2470 Levls tgt 2506 2535
BHEL Buy for a tgt of 1600
Mercator Lines BUy at 53-55 Odd levels and Book at 60+
Moser Bear Buy at 110 Levels for a TGT of 132
VISHAL INFO BUY IF BREAKS 356.50 TGt 365
Ranbaxy buy Few at 250-260 levels for a tgt of 300
Ranbaxy is a decent medium-term pick as it has corrected heavily. With the promoters increasing stake and the US problems getting resolved, the stock is bound to appreciate.
Mid cap Universe only for Investment
Celestial Labs has been attracted good investment buying. Knowledgeable persons project an EPS of Rs.11 in FY09 and a share price of Rs.45.
ITC & HUL are the only scrips standing rock solid in the carnage since January 2008. This means that big players are bullish on the domestic consumption story.
GAIL and L&T go ex-bonus in few days from now. Marketmen expect GAIL to touch Rs.400 and L&T Rs.2000 in a few months from now.
Default Stop Loss 2%.Keep Trailing your Positions
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