19 October 2010

Emkay's Stock of the day Petronet LNG

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Techcheck Daily
Stock of the day Petronet LNG

n     Chart of the Day: Petronet LNG; triple bottom at 105, volume/momentum signatures look positive, prices about to breakout, initial targets at 155-160
n     Nifty surprise continues, prices start to whipsaw 21 DEMA after a long time expect a consolidation between 6000-6150
n     Nifty the medium term uptrend remains intact, target 6500
n     INR initial targets met, double bottom at 44.05, expect a bounce back till 45-45.5
n     Stocks with positive short term view:
n     Petronet LNG, Reliance, Infosys, Andhra Bank
n     Stocks with negative short term view:
n     TISCO, Axis Bank, Sesa Goa

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