1. Credit Suisse has initiated 'neutral' rating on ACC and has projected a target price of Rs 843 for the stock. However I am of the opinion that one can accumulate the stock as the stock has support at Rs 750 and Rs 705 and resistances at Rs 840, Rs 875 and Rs 910.
2. One can buy Reliance Industries at Rs 2640 and with slight patience one can see it achieving the short term target of Rs 2699.
3. One has to keep watch on SBI levels of Rs 1,735-1,740 because if these levels are held than one can see it touching 1899 levels. However one has to keep a strict stop loss of 1598 because breaking of this level means that the stock can touch lower levels till 1400 on the downside.
4. Tata Motors is appearing to be in a mild down trend and thus one as a short term trader can book profits as and when it touches 699 levels. However if one is a long term investor than one can hold it.
Free Indian Stock Market Tips in Email Here.
26 Apr 2008
Tata Motors, SBI, Reliance Industries, ACC update :27 Apr
Tata Motors, SBI, Reliance Industries, ACC update :27 Apr
2008-04-26T08:47:00+05:30
Analyst
Free Indian Stock Tips Online|
Subscribe to:
Post Comments (Atom)
MOST POPULAR POSTS AS CHOSEN BY 12 LAKH READERS & SUBSCRIBERS WORLDWIDE