Equity Buy/Sell (Technical View)
Ø We had recommended Bank Baroda and CMC among others yesterday. BOB moved up but CMC was scintillating with 20% gains in today's trade alone. Tata Motors and Tata Steel have reversed up. HDFC, HDFC Bk. And LIC Hsg Fin. are expected to move up in a few more sessions.
Ø The following continue to be good :
o Bank Baroda, ICICI, Kotak Bk., M&M, Orchid Chem, SAIL , Tata Motors, SBI and Vijaya Bk.
Ø The following scrips are good :
o Chambal Fert. ( already reco > 78) > 83/50 ; Hotel Leela > 59/25 ; Karnataka Bk. > 194/50 ; Laxmi Machine > 2600 ; Nagarjuna Fert. > 34/75 ;
o Ranbaxy > 607 ; Reliance Ind. > 1080 ; Siemens > 832 ; Tata Steel > 649 ; Hero Honda > 1885.
Ø Commodities :
o It may be recalled that we had earlier recommended gold and copper for buys around 17700 and 315 respectively.
o Gold MCX - December has a target of 20,000 and copper MCX – November has a target of 373 and then 380.
Have strict stop loss
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