Sunday, October 12, 2008

Stock Ideas: Voltas, Idea, Canara bank

Nifty Future (3290) On the way up key a Major resistance at 3360. break above 3360 nifty lead to 3400/3440 area. Below 3200 support at 3160.
Canara Bank.(173) Buy at decline for objective of 186/195 area. Now break above 185 than should lead the stock towards 201/211 area. Keep stop below 166 area. Very positive bias for this stock.
IDEA(64) buy at CMP for objective of 70 area. Now break above 70 than should lead the stock towards 76 area. Keep stop below 59 area. Very positive bias for this stock.
Sobha Dev. (121) Intimate buy position in Oct. future on any dips to 115 area. For an objective of 129. A break above 129 will stock indicate strength in the upmove. stoploos below 107.
Mercatorlines (37) Buy October future with stoploss below 34.50 for an objective for 42/45 area. intimate 5 days position..
Arvind Mills (17.50) Buy future at any decline rate nr. 16 with stoploss below 14 area for an objective for 21/23 area. intimate 5 days position.
Voltas (64) Buy future at rate nr. 60 with stoploss below 57 area for an objective for 73/79 intimate 7 days position.
Sintex (195) Intimate buy position in October future on any dips to 185 area. For an objective of 220/235. A break above 235 will stock indicate strength in the upmove. stoploos below 174.
By Parthiv Jhaveri (SmartInvestment)
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