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Friday, February 20, 2009
Sokhi Sure Shot Calls for 20th FEB !
PURVANKARA (BUY) BUY IN EVERY FALL UPTO 31 (SHORT TERM TARGET) 48(MEDIUM TERM TARGET) 60(Sl) 25
F & O
TECH MAHINDRA FEB FUT(SELL) 258-260 (Target1) 254(Target2) 246(Sl) 262
AKRUTI FEB FUT(SELL) BELOW 1040 (Target1) 1029 (Target2) 988 (Sl) 1045
Indian Overseas Bank (Rs 51.45) Sell : We recommend a sell in Indian Overseas Bank stock from a short-term trading perspective. It is apparent from the charts of Indian Overseas Bank that it has been on a long-term downtrend from its January 2008 peak of Rs 228. Since then, the stock has been forming lower peaks and lower troughs. Moreover, the intermediate and medium-term trend also is down.
We expect the decline to continue until it hits our price target of Rs 45.5.
Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 54.
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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.
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