Market is witnessing good
support around 7800. In my personal view market is ready for next big move up
to 8200. We can expect Nifty to touch 8200 before Diwali. For the month of September
market may trade within the range of 7900 – 8100. It is advisable to be stock
specific as many of the stocks trading at March Lows. Oil stocks are performing
good so stay long on IOC, ONGC and Cairn.
Our last call for IOC has
achieved our target price of 370. Hoping you all have booked your profits.
Fresh Trade to Open:
BHEL CMP 240.90 for the Target
Price of 270
Hero Moto CMP 2604 for the
Target Price of 2750
Previous Open Trades:
ALL Bank call given at 141.75 for the TGT Price of 150-160
Closed
Trades: ITC Call given at 331 CMP at 357. TGT Achieved HDFC Call given at
983 CMP at 1067. TGT Achieved Bank of Baroda CMP 862 for the TGT Price of
910+. Target achieved in within 30 days. IOC Call given at 338 TGT 370 achieved
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