Sunday, November 2, 2008

Weekly Stocks and Nifty for Nov 3-7 - Inder Bhatia

Buy JINDALSTEL above 803 TGT 854>923 Stoploss 775.


Weekly: Last week Nifty gained 11.67 percent and broke the momentum of the 5-week downside movement, to close with handsome gains. For the coming session we could witness more upside toward 3140-3296. On the lower side 2686 would act as a support zone. On the other side, we could see some profit-booking near 3254-3400 zone. For this week, a close above 2910, Nifty could test 3120-3237. On the lower side, a closing below 2680, it could test 2569-2451 levels.

Buy ROLTA above 180 TGT 193>203 Stoploss 175.

Daily: The Indian market opened with handsome gains and closed in the green zone. For the coming session we could witness more upside toward 3000-3100. On the lower side 2728 would act as a support zone.

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