Thursday, January 14, 2010

In Index, watch out for 5225-5235 on downside and 5275 on upside

NIfty View:

Buy Nifty if sustains above 5275 for target of 5300-5320 for a small trade .


Stock View: Punjlloyd

After the massive fall of 33% from its peak of 298 due to bad results in Q2 Punjlloyd stock until today kept languishing around in a 190-218 range which was broken today. The stock is a buy at current level or on dips with targets of 244 & 255 with a strict stoploss of 209 closing basis. The stock is moving higher due to anticipation of good results this time in Q3.






Stock View: Brigade

After 5 months of unsuccessful attempts to cross 145-150 level on stock, Brigade has finally closed above 150 and that too with huge volumes which indicates a price volume breakout. So buy on declines or above 153.5-154 for targets of 175-190 and stop loss for all trades should be kept at 139.


Have a wonderful trading day.

Regards

Ankit

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