Hello all, last expiry was quite painful... It was good to see that namit calls were moving up in the down market..
Well as we were expecting, relief rally came on friday and market closed in green. I see nifty moving towards 5000 in this relief rally. There is strong resistance at around 4940 levels which need to be crossed with volumes. Well for the month of feb, nifty will move between 4940 - 5280 range.
Rally would now be in seen in OIL, PSU and banking sector.. One can buy quality stock in these sector for the month of feb and earn good profits
Calls for week starting 1feb2010:
buy reliance capital @ CMP target 900
buy tata motors @ CMP target 730-760 - 790.. Q3 results were quiet good.
buy Jindal steel and power upto 630 levels.. targets of 800 is still very intact. Q3 results were good.
In banking sector, BOB, IDFC and OBC will give good returns this week
buy suzlon for a target of 88-92
Investment calls:
Guys I am repeating again.. buy edserve, selan exploration and lupin at current levels.. please see the Q3 results posted by these companies. It is very much inline with street and company expectations.. Don't miss buying it for 8-10 months view
Note: please do your own study, before investing in above mentioned calls. Calls posted on this blog is just our personal view based on technical charts and fundamental study. Myself / Namit is not responsible for losses if any in any of the calls posted on this blog
Happy trading.. All the best!
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