Wednesday, January 6, 2010

MLL (Target Rs. 70), IFCI (Target Rs. 65), Suzlon (Target Rs. 108) and ENIL (Target Rs. 260)

Market Technicals
After a volatile session, Nifty closed flat with a positive bias and continued its uptrend for the fourth consecutive day. Midcap and Smallcap indices continued to deliver strong performances, closing the day higher by 0.68% and 0.44% respectively. The hourly look of Nifty indicates that market is just taking a breather and is forming a base for the next up move. Currently Nifty is near the key support of 20-HSMA packed at 5260 and hence we expect Nifty to give an upside breakout from the ongoing consolidation range very soon.

Trading Ideas

  • Mid term trading ideas which we like are MLL (Target Rs. 70)IFCI (Target Rs. 65)Suzlon (Target Rs. 108) and ENIL (Target Rs. 260). Traders maintain stop loss accordingly.

Investment Ideas

  • Mahindra and Mahindra Ltd:CMP @ Rs. 1,180

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest