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30 Aug 2008

Millionaire equity tip for ACC

1. Inflation is like to peak at 13% which means that another round of CRR hike by the RBI is in offing.

2. It also appears that GDP growth for Q2 FY09 and Q3 FY09 will be lower than Q1 FY09.

3. Keeping above facts in mind it appears that ACC can be shoted with traget price as Rs 500- Rs 475. However keep a stop loss of 534 in case undertaking the strategy. If stock can cross above 576 than it can show some positive movement.

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