NIFTYTHOUGHT FOR THE DAY
There is always a lesson to be learn from whatever has happened which would be useful for the future to move forward with courage.
ROLTA, targets - 343/80, 346/50, 351/00.
NIIT LTD, targets - 628/20, 638/10, 650/70, 680.40.
GMRINFRA, targets - 379/00, 382/50.
TATAELXSI, targets - 312/30, 315/00, 318/60.
GENERAL: - Nifty closed at 4066/10 near crucial support of 4060.
Below 4060 market looks bad, however technical
pull back is not ruled out.
Best to avoid market for -1) F&O expiry on 25th Jan, 07 2) market
will be closed from 26/01/2007 to 28/01/2007 3) better to wait
till clarity emerge. and 4) Advance / decline ratio was very
negative.
AVOID SCRIPS HAVING SAME OPEN & HIGH RATES.
ONE MAY TAKE POSITION IN IT IF OPEN – HIGH SAME NEXUS BRAKES.
DELIVERY CALLS - Unitech Ltd, CMP – 456/85 - target – 550/00 , period 1 to 3 months.
Andhra Petrochemicals, CMP – 17/15 – target --- 20/00, 21/00, period 1 to 3 months.
NIIT LTD, targets - 628/20, 638/10, 650/70, 680.40.
GMRINFRA, targets - 379/00, 382/50.
TATAELXSI, targets - 312/30, 315/00, 318/60.
GENERAL: - Nifty closed at 4066/10 near crucial support of 4060.
Below 4060 market looks bad, however technical
pull back is not ruled out.
Best to avoid market for -1) F&O expiry on 25th Jan, 07 2) market
will be closed from 26/01/2007 to 28/01/2007 3) better to wait
till clarity emerge. and 4) Advance / decline ratio was very
negative.
AVOID SCRIPS HAVING SAME OPEN & HIGH RATES.
ONE MAY TAKE POSITION IN IT IF OPEN – HIGH SAME NEXUS BRAKES.
DELIVERY CALLS - Unitech Ltd, CMP – 456/85 - target – 550/00 , period 1 to 3 months.
Andhra Petrochemicals, CMP – 17/15 – target --- 20/00, 21/00, period 1 to 3 months.
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