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Stock picks for the week

Thursday, May 3, 2007

SBI: FIRST BEARISH CANDLE OBSERVED IN INTRADAY CHARTS.USE DIPS TILL 1049 TO BUY.BEST BUY IS AROUND 1060 WITH A SL OF 1048 AND BEST SELL IS AT 1130 LEVELS WITH A SL AT 1145 LEVELS.THINGS TO WATCH IS THE INFLATION DATA.


INFOSYS TECHNOLOGIES:TRADERS CAN USE 1990 1985 LEVELS TO BUY AS WE EXPECT TO DOLLAR TO SHOW A DEAD CAT BOUNCE.THE STOP LOSS FOR THE ABOVE TRADE WILL BE AROUND 1945.BWLOW1945 IT WILL TOUCH ITS RECENT LOWS OF 1910.

TANLA: LAST RESISTANCE AT 454 LEVELS ABOVE THAT UNCHARTED TERRITORY.

RELIANCE CAPITAL: LAST SUPPORT AT 701 LEVELS BELOW THAT 670 IN DAYS.

BAJAJ AUTO : HUGE SUPPORTS AT 2420 2430 LEVELS .TRADERS CAN USE EVERY DIP TO ADD POSITIONS IN THE STOCK.

GRASIM: INTERMEDIATE UPTREND OVER .SHOULD CONSOILDATE AND MOVE TOWARDS 2200 ZONE IN COMING DAYS.

GTL: USE EVERY DIP TILL 172 ZONE TO BUY WITH A SL FOR A TARGET OF 200+ IN COMING DAYS.

RELIANCE : SHOULD TEST 1500 LEVELS IN COMING DAYS. TRADERS CAN ADD AT THAT POINT OF TIME.

GHCL: SHOULD MOVE TO 100 LEVELS IN COMING DAYS.

ACC: UPTREND OVER WILL CONSOLIDATE AROUND 800 LEVELS IN COMING DAYS.

AREVA T&D.: BUY ON ALL DIPS WITH A SL FOR A TARGET OF 1450+ IN COMING DAYS.

IFCI: WILL TRY AND REACH 43 LEVELS IN COMING DAYS.

IDBI: INTERMEDIATE UPTREND OVER KEEP A SL AT 81 FOR ALL LONGS.

GDL; BUY WITH A SL AT 167 FOR A TECHNICAL TARGET OF 190+ IN COMING DAYS.

Posted by FR at 6:41 AM  

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IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.