Tracks and recommends Indian Stocks traded in National Stock Exchange NSE and Bombay Stock Exchange BSE based on Technical Analysis

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Wednesday, January 9, 2008

Buy 3iInfotech,Buy Bharathiartl, Sell Dishtv,Buy Glaxo

Markets are in a flux.Many signals point to sell, but IT result sentiments can lift the markets to new peaks before correction sets in. Also Reliance Power IPO can trigger a sell because of tug of war between Ambani brothers.
10-1-2008
BUY 3IINFOTECH TGT 198 SL 134
BUY BHARATIARTL TGT 998 SL 920
SELL DISHTV TGT 86 SL 96
BUY GLAXO TGT 1276 SL 1005

Stock Picks for 9-1-2008 Buy KMSUGAR, Buy Thirusugars,Sell ZEEL,Sell NIITTECH

These recommendations are for high risk takers as market directions are not clear.

BUY KMSugar SL 29 TGT 42..45
BUY THIRUSUGARS SL 129 TGT 152..170
SELL ZEEL SL 310 TGT 298..295
SELL NIITTECH SL 241 TGT 220..215

IMPORTANT DISCLAIMER:THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN. THE TESTIMONIAL MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS AND THE TESTIMONIAL IS NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. THE AUTHOR BASICALLY BEING A TRADER MAY HAVE POSITIONS IN VARIOUS STOCKS RECOMMENDED