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Wednesday, December 31, 2008

Sokhi Sure Shot Calls for 31st December ! Wishing All Members a VERY HAPPY NEW YEAR !

BGR ENERGY (BUY) 141-143.5 (Target1) 145.5(Target2) 152(Sl) 138

IB REAL ESTATE(BUY) 130-132 (Target1) 136 (Target2) 143(Sl) 126

ALSTOM PROJECTS (BUY) 240-242.5 (Target1)246(Target2) 249(Sl) 237

WELPSUN GUJARAT (BUY) BELOW 114 (ONE MONTH TARGET) 130(03 MONTHS TARGET) 165 (Sl) 96

HDIL JAN FUT(BUY) BELOW 138 (Target1) 140 (Target2) 148(Sl) 132(SHORT TERM - TILL EXPIRY TARGET OF 175+)

LIC Housing Finance (Rs 227.) Buy : We recommend a buy in LIC Housing Finance from a short-term trading perspective. It is apparent from the charts of LIC Housing Finance that after encountering significant resistance at Rs 350 in early September, it began to decline and was on an intermediate-term downtrend. This downtrend prolonged till it found support around Rs 150 in early December. The stock, however, subsequently made a remarkable upward bounce from this support level and penetrated its 21-day moving average.

We are bullish on the stock from a short-term perspective. We anticipate the stock to rally until it hits our price target of Rs 251 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 215.

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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.