Recommendation on OMC bears Fruit...

On my post dated 18.2.2010, I have recommended to Buy BPCL, HPCL & IOC. See the prices now. Fundamentally all the three are very good investment opportunities.

Prices then & Now- HPCL-340-435
BPCL-580-635
IOC- 330-395
Wait for a correction to add more.

52 Week High is in Sight for Nifty!

Market is entering a new orbit with today's surge of 90 points in Nifty. The 52 Week High of 5399 is at a striking distance, and going by the Global clues, we will be getting a new 52 week high within a day or two. Once that is achieved, market may look at 5545 as the next resistance. All in all, Index based fundamentally strong scrips are in for a move!

But watch for the Rupee Movement. An appreciating Rupee will dampen the sentiments in IT Stocks!

Sell Fundamentally weak stocks, Convert into Strong Ones

Market may consolidate for 2-3 sessions before a break out upwards.It is advised to get rid of fundamentally weak stocks like RNRL and get into Fundamentally strong stocks like RIL & Reliance Infra

Rel Infra Closing in on our Target 1150 within no time !

Our buy recommendation yesterday evening has already in a striking distance to the target of 1150. It is trading at 1143.8 now. Happy Trading.

Take a Risk in Reliance Infra at CMP of 1115.00

Reliance Infra is on a bullish course. Please recall that we have recommended this to buy around Rs.1015.00 levels, and it has since appreciated to 1115.00 now. It has a target of Rs.1150.00 in short term. Risk takers can hold on to this target.Stop loss at 1095.00

Havell's India hit a high yesterday

Havell's India had touched a high of Rs.673.00 in yesterdays trade, and is consolidating today around Rs 660.00.
This scrip was recommended to buy around Rs.535.00 by us a month back.

Buy IDBI Bank...

Buy IDBI for short term gains at CMP of Rs.122.00, a three month target of 140 plus is expected.