Tuesday, February 8, 2011

Internal Fundamentals a Worry

Market is having a concern,whether the budget session will take place in a smooth fashion.Corruption and JPC probe is putting pressure on the ruling government to take some stringent action.There is still uncertainty about the budget session.I would recommend to stay away for some time,till the dust settles.For traders every rise should be used to go short on the market.Today NIFTY closed at 5312,near its intra-day low.For tomorrow one may...
1.) BHARTI AIRTEL (CMP-333.33) - Buy for a target of  340 with a STL of 330.
2.) HINDZINC (CMP-1226.65) - Buy for a target of 1246 with a STL of 1214.
    NOTE : For an Investor HINDZINC can be a good bet.So one may think of accumulating HINZINC say for          an horizon of 12 to 18 months.

(http://derivativestrategy.blogspot.com)

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