Hope you made profit out of MTNL, Adani Enterprise & Aban offshore (http://denipconsultants.blogspot.com/2010/01/stock-picks-please-read-disclaimer-in.html) yesterday.
Following are some ideas for today:
- Dr. Reddy’s Labs – CMP 1177.25. This stock can test 1189. Stop loss at 1162
- Target completed with a day high of 1232.5
- GMR Infrastructure – CMP 69.2. This stock can test 70.5. Stop loss at 68.5
- Target completed with a day high of 70.5
- Indiabulls – CMP 133.3. This stock can test 138. Stop loss at 129
- Target completed with a day high of 141.65
Today, is most likely to be a day where the major indices trade flat to negative and have lower volumes. Advance to decline ratio to be in favor of the declines. Trade very carefully even in the above stock calls.
Index remained flat and the advance to declines ratio was marginally in favor of the advances i.e. 27:23 for the index.
As always update to the post is provided in green.
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