Sep 13, 2009

Stock Watch .... 13/09/09

The Nifty has now closed below the resistance level of 4,850 for three consecutive sessions due to profit booking at higher levels. However, it closed above the trend changing level of 4,807 in all the three sessions, indicating continued uptrend as long as the Nifty maintained this level. The trading pattern in the derivatives segment suggests that the index may close above the resistance level of 4,850 next week. Technical analysts expect a fresh rally with an upside target of 4,950-5,000 in coming days.

Stock Watch..............

ICICI Bank -- Target -- 925 , 945, 970+
Sesagoa -- Target -- 275+
IDBI Bank -- Target - 120+
Hindalco Inds -- Target -- 140+
Gujarat NRE Coke
Unitech Ltd -- Target -- 130+
Indian Overseas Bank

Misc Stock Picks...

Punjab National Bank
Reliance Industries
Cairn India
Allied Digital Services
Usha Martin
Axis Bank


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