Sunday, January 17, 2010

3i Infotech: (Target Rs. 110), Provogue: (Target 88)

Upside Move Continued

Nifty continued to maintain its winning streak closed at 5252 with a gain of 0.15% on w-o-w basis. BSE Oil & Gas, BSE IT outperformed the broader markets on w-o-w basis. Going further Nifty is still looking strong and we maintain our upside target of 5415, however downside level of 5160 will play as a strong support.

Trading Ideas

  • 3i Infotech: (Target Rs. 110)
  • Provogue: (Target 88)
  • MLL: (Target Rs. 77)
  • Pipava Shipyard: (Target Rs.68)

Investment Ideas

Lupin: CMP @ Rs 1,421 (Target Rs. 1,550)

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