Dow jones made a remarkable recovery last friday 24th Aug 2007. This will bring an automatic effect on our markets and I expect Nifty to touch 4300 in a short time. The stocks to invest or buy for going long are SBI,Reliance, Tatasteel above 590 my target is 602 in intraday itself,its good for short term, infact TATASTEEL is expected to cross 602 mark as well, and if it does it then next target for me will be 618, this is possible on the same day, but it all depends on the volume of the stock.
Another stock which i would like to trade will be OMAXE,which if crosses 334, my target will be 350 in day or two.
DLF has a resistance at 573 above which I expect it touch 584 the same day, provided it moves with good volumes.
Monday, August 27, 2007
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