Saturday, August 28, 2010
Buy Eicher Motors
Eicher Motors broke out to new highs and I think we can buy this now with a stoploss of about Rs 1,100. The near term target could be Rs 1,300. It has broken out of a narrow range, so probably there will be more follow through.
Monday, August 16, 2010
Buy: Kotak Mahindra Bank
Kotak Mahindra Bank
I have been fairly bullish on the banks all throughout. I have a buy on a lot of banks today. The whole thing was I have mostly given all of them. So whether it was a State Bank of India, ICICI Bank whether if I were to look at Axis Bank—there is a signal in Yes Bank, Central Bank. So, I had to give a bank for sure—either you play the bank Nifty with a positive bias because bank Nifty itself is giving a breakout of about 12,000 odd. But if I were to play stock for today yes, it’s a bank cum brokerage stock, so I would probably give it stop loss of closer to—if I am playing it on a swing call—then Rs 808 would me my stop loss and I am playing for a larger target closer to Rs 900-895. For the shorter period I could probably look at the stop loss being revised to Rs 815 and the target being closer to Rs 850. So depending on what your timeframe is you could play this accordingly.
I have been fairly bullish on the banks all throughout. I have a buy on a lot of banks today. The whole thing was I have mostly given all of them. So whether it was a State Bank of India, ICICI Bank whether if I were to look at Axis Bank—there is a signal in Yes Bank, Central Bank. So, I had to give a bank for sure—either you play the bank Nifty with a positive bias because bank Nifty itself is giving a breakout of about 12,000 odd. But if I were to play stock for today yes, it’s a bank cum brokerage stock, so I would probably give it stop loss of closer to—if I am playing it on a swing call—then Rs 808 would me my stop loss and I am playing for a larger target closer to Rs 900-895. For the shorter period I could probably look at the stop loss being revised to Rs 815 and the target being closer to Rs 850. So depending on what your timeframe is you could play this accordingly.
Thursday, August 12, 2010
Sell Recomendations: 12-Aug-2010
HDFC, IDBI, Escorts as these stocks are Underperforming in current scenario.
Buy Recomendations: 12-Aug-2010
Bajaj Hindustan & Orient Paper & Industries as these are good stocks
Subscribe to:
Comments (Atom)