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Tuesday, December 30, 2008

Sokhi Sure Shot Calls for 30th December !


BINANI CEMENT (BUY) 31.75-32.3 (Target1) 33.5(Target2) 35.5(Sl) 30.2

HDIL(BUY) 126-128 (Target1) 132 (Target2) 138(Sl) 124

INDIA INFO(BUY) 46-47.5 (Target1) 49.5 (Target2) 52.5(Sl) 43.5

ABAN OFFSHORE(BUY) BELOW 680 (ONE WEEK TARGET) 760 (ONE MONTH TARGET) 865(Sl) 600

RELIANCE(BUY) 1250-1255 (Target1) 1270 (Target2) 1289(Sl) 1240


Cummins India (Rs 211.70) Buy : We recommend a buy in Cummins India from a short-term trading horizon. It is evident from the charts of Cummins that it was on an intermediate-term downtrend from its September peak of Rs 330. It found support at Rs 185 on December 11, which is also a 52-week low. Within this downtrend, we notice a formation of falling wedge pattern between late October and late December.

The daily RSI is likely to enter the bullish zone and the weekly RSI is on the verge of entering the neutral region from the bearish zone. Our short-term forecast for the stock is bullish. We expect its current up move to prolong until it hits our price target of Rs 235 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 199.

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.