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Wednesday, April 8, 2009
Sokhi Sure Shot Calls for 8th APRIL !
ICICI BANK (SELL) 368-371 (Target1) 362 (Target2) 355 (Sl) 382
SAIL (SELL) 106-104 (Target1) 101 (Target2) 98 (Sl) 113
OnMobile Global (Rs 334) Sell : We recommend a sell in OnMobile Global stock from a short-term trading perspective. It is apparent from the charts of OnMobile that its medium-term uptrend which began from the late January 2009 low of Rs 205, broke through a key resistance of Rs 260 during the last week of March. Following this break out the stock rallied sharply, however, at around Rs 400 it encountered resistance.
We are bearish on the stock from a short-term perspective. We expect the stock to tumble further until it hits our price target of Rs 300 in the upcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 350.
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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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