Monday, March 1, 2010

Dicy Road

Finally our Finance minister (Mr Pranab Mukherji) declared the BUDGET,which as per many experts was neutral.On one side FM increased tax slab but on other hand increased few taxes.So in all it was a mixed BUDGET.This week our market can remain choppy on positive side.On Friday NIFTY (CMP-4922.3)was not able to sustain 4950 level.So what I suggest is BUY with strict STL.On NIFTY I have a target of 5109 with STL OF 4830.For this I recommend..
1.)BHUSHAN STEEL (CMP-1601.25) - Tgt 1732 with Stl of 1490.
2.)HONEYWELL(CMP-2399.2) - You can buy it for say 5 to 7% return.

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