Tuesday, April 7, 2009

Relief Rally

Hello everyone,after a span of a year I am back and in this span of one year lot of things happened in the market.For instance our market made a life low which no one would have expected when the SENSEX was at its peak,which has created fear in many persons mind.But after all its a game where one has to win and other has to loose.Lets come to the point.Last week NIFTY has given a break-out which I feel should sustain for few weeks.My target on NIFTY is 3385.So on every dip try to buy with a strict STL of 3110 on NIFTY.For this target of NIFTY you can look at...
1.) RIL for a target of a 1722+.
2.)For LONG TERM you can look at SESAGOA for a target of 127.
But for short term you should keep a STL of 99.95
3.)You can look at AREVA T&D which I feel can go upto 260.
4.)Also you can look at PRAJIND,ISPAT IND where you can
expect atleast 5% return from these levels.