Watch Nifty
Ø Nifty has almost reached its peak. One should lighten ones position and reactions should set in the next few sessions. Investors who do not mind 5-6% correction can stay put and short term players should wait for a correction to re-enter.
Ø Nifty's resistance for 21/09 is likely around 6000 and then 6030.
Ø We had mentioned many scrips for investment ( even on 20/09) which have given good returns - from ABB, ACC, Auro Pharma, JSW Steel , HDFC Bk., L&T, cement shares and Axis Bk. to name a few. We advise at least a partial profit booking at this stage.
Equity Buy/Sell (Technical View)
Ø The following scrips are good for accumulation:
o Auro Pharma > 1108 ; Bajaj Hind > 136 ; BPCL > 812 ; ITC > 179 ;
o Hind Lever > 297 ; India Cements > 122 ; M&M > 698 ; Hero Honda > 1840.
Ø The following shares are good for the short term :
o Glaxo > 1922 ; R Com > 178.
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