Yesterday nifty did touched almost it’s support level at 4730 and then moved up sharply, but however closed at lower side, today due to the strong global cues market to test higher levels, Investors with long-term view can invest 30% at current levels, if the market touches 4400 levels the balance can be invested.
However I feel that nifty should not break the 4700 levels in short-term, if breaks then can test the 4400 in the coming days.
IN PHARMA SPACE DR.REDDY, RANBAXY AND ORCHID TO BE ACTIVE FOR THE DAY
IN BANKING SPACE IDBIBANK, IDFC AND IFCI TO BE ACTIVE FOR THE DAY
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
RCOM > 192 SL 188 TGT 210
SUZLON >72 SL 68 TGT 81
VOLTAS >156 SL 152 TGT 165
DR.REDDY LAB >1023 SL 1010 TGT 1045
PANAMA PETRO >131 SL 126 TGT 141
PRISM CEMENT >42 SL 40.5 TGT 52
ICSA >192 SL 188 TGT 220
Have a nice trading day.
BSE, NSE Stock Ticker, India
Thursday, October 29, 2009
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