ADD

Thursday, August 16, 2012

Stocks to Watch on 17/08/2012


The up move has just started. There is a long way to go and again here, I have a price target of about 140 to 160.
The current momentum can take SKS Microfinance to levels of about 140-145 because this sector itself is undergoing a major change especially after the microfinance bill goes through.
One should be buying at lower levels because whatever fears are there, it is quite a few years away. So in case, we see a drop possibly closer to 245-250, it is a great buy.
CESC Ltd is a ‘BUY’ call with a target of Rs 340 and a stop loss of Rs 308.
Hero MotoCorp Ltd is a ‘BUY’ call with a target of Rs 2025 and a stop loss of Rs 1910.
Hindalco Industries Ltd is a ‘SELL’ call with a target of Rs 110 and a stop loss of Rs 122.
Federal Bank is a ‘BUY’ call with a target of Rs 445-448 and a stop loss of Rs 426.
Pepper prices declined by 0.24 per cent to Rs 44,500 per quintal in futures trade today as speculators engaged in booking profits amid subdued export demand at prevailing higher prices.
Power Finance is a ‘BUY’ call with a target of Rs 191–194 and a stop loss of Rs 185.
Federal Bank is a ‘BUY’ call with a target of Rs 448 and a stop loss of Rs 424.

No comments:

Post a Comment