SAIL (BUY) 160-162 (Target1) 165 (Target2) 168 & 171 (Sl) 155
PRATHIBA INDS (BUY) 200-212 (SHORT TERM Target1) 238 (SHORT TERM Target2)274 & 300+ (Sl) 180
Balaji Telefilms (Rs 66.3) Buy : The daily relative strength index has re-entered the bullish zone and weekly RSI is on the verge of entering this zone. Besides, the weekly moving average convergence and divergence indicator is likely to enter the positive territory. Our short-term outlook is bullish on the stock.
We expect its up-move to continue until it knocks our price target of Rs 73. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 63.
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Thursday, September 3, 2009
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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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