Last week NIFTY closed at 6134.5.On Monday market may remain choppy with positive biased.NIFTY(CMP- 6134.5) may face resistance at 6154 and 6163 on higher side.On downside it should take support at 6120 or it may further drift down to 6100.
For this movement I would like to recommend...
1.)CROMPTON GREAVES(CMP- 310.15)- Buy for a target of 317.8 with a STL of 307.
2.)SBI(CMP- 2809)- Buy for a target of 2827.5 and 2860 with a STL of 2781.
3.)IFCI(CMP- 67.4)- Buy for a target of 70-72 with a STL of 65.3.
4.)BEML(CMP- 1035.8)- Buy for a target of 1052-1060 with a STL of 1017.
Now,an investment idea
BGR ENERGY(CMP- 725.55)- Buy for a target of 858 with a STL of 673.
Enjoy Trading
(http://www.derivativestrategy.blogspot.com)
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