Nifty 50 And Weekly Stocks Outlook

By | January 4, 2009 2:55 pm

HI all

Hope all of u have rocking weeks as all our calls were bang on Targets which include Sataym also which gave up almost 50%

This week Stimulus Package 2.0 has come which we can see a good opening on Monday Morning,But we all should not get excited by it.

Nifty will face a stiff resistance 3110-3113 Range,Once that is crossed and sustained positions can be taken in Nifty for a target of 3200 and 3250.

Till 2990-3010 Range dips should be used to take longs

Insurance is must so better take 2900 and 2800 puts for all your longs.

Stocks Specific

Reliance above 1306 will move for a tgt of 1354 and 1400 Sl 13220

LT a beneficiary of Stimulus package 2.0 above 837 will fly to 860 and 900

Chambal buy for a tgt of 45 and 48 sl 38.50

Srei Infra has shown a good breakout on charts Buy for a quick 5-10% gain

Moser Baer – Buy on corrective dips to Rs.71 – Rs.65 with a stop loss of Rs.59. Expect the higher range of Rs.80 – Rs.96.

Power Finance Corpn. – Hold long positions with a stop loss of Rs.120. Corrective dips to Rs.132 – Rs.126 can be used for buying with a stop loss of Rs.120. Expect higher range of Rs.141 – Rs.157.



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