Sunday, July 26, 2009

A Strong Uptrend

Last time I said to stay away,but a strong upmove shows that there is a strong uptrend which can take NIFTY to higher levels.Now its clear that government will disinvest from few of the PSU's and also there can be some change in the FDI norms in the coming months,which I feel will give push to Indian Markets.Also the results of few companies were better than expected which eventually will provide strenght to our market.So on NIFTY (CMP-4568.55) you should keep a STL at 4400.
1.)UTTAM GALVA STEEL (CMP-66.25) target of 80 with STL 56.
2.)CROMPTON GREAVES (CMP-305.25) target 336 with STL 292.1
3.)BEML (CMP-1061.25) target of 1126 with STL 1025.
4.)PNB (CMP-716.2) target 774 with STL 695.

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