Sunday, June 27, 2010

Consolidation Phase

Last time,I said market on a verge of a break-out.It did give a break-out,but NIFTY(CMP-5269.05)was not able to cross 5353.3,as there are some global concerns as well as RBI is expected to hike rates on 27th July.So what I feel market should consolidate say between 5200-5250 to say 5350.But one should not leave this apportunity to BUY good STOCKS.As I am expecting much HIGHER LEVELS on NIFTY.I would recommend...
1.)CAIRN(CMP-310.95)-Buy for a tgt of 328 with a STL of 301.
2.)ADHUNIK METALLIKS(CMP-108.40)-Buy for a tgt of 117.6 with a STL of 102.5.
Now for Traders,I would like to recommend..
CNXMID(CMP-8061.7)-Buy for target of 8533.55 with a STL of 7902.

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