Opening
Date 19th Jan 2010 Powered by Bazaaredge.com
Market Outlook
Market sentiment got a boost after index heavyweight TCS beat street estimates. In addition Gail also delivered better than expected quarterly earnings, Stable Asian Markets and strong start to the European markets also lifted the mood in D-Street.
Nifty on Monday has made a Doji pattern on the daily chart which is considered as a reversal pattern, indicating rally may continue for the coming days as week, Results will continue to have a bearing on the sentiment in the near term apart from the next week RBI policy review. Market is expected to consolidate in range of 5500/5800. Any surprise in the results of the heavyweights will have a significant impact on the market sentiments.
Intraday Calls
Buy Hindalco cmp 229 stoploss 226 target 231
Buy Sunpharma cmp 484 stoploss 470 target 492
Positional Calls
Buy Gitanjali cmp 208 stoploss 198 target 217
Buy Educomp cmp 502 stoploss 496 target 510
Technical Fundamental Calls
Jagran continues to dominate the Uttar Pradesh market (
Investment Picks
Alok Industries Ltd, one of the largest textile companies in
Future & Options Strategy
Buy CNXIT cmp 7354 stoploss 7300 target 7400
Buy ABGship cmp 372 stoploss 366 target 376
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